CITIC Telecom CPC Launches its 3rd Security Operations Center

HONG KONG, Mar 28, 2023 – (ACN Newswire) – CITIC Telecom International CPC Limited (CITIC Telecom CPC), a wholly-owned subsidiary of CITIC Telecom International Holdings Limited (SEHK: 1883), officially launches its Security Operations Center (SOC) in Shanghai, providing enterprises with advanced security protection and operational services. The new SOC will leverage high-availability security information and event management (SIEM) platform, comprehensive security dashboard, effective security orchestration, automation and response system, and 7×24 professional security team of CITIC Telecom CPC as a strong backbone to roll out next-generation SOC comprehensive security and maintenance services, strengthening security defense capabilities and enhancing operational efficiency of enterprises across industries.


(From left to right) Mr. Wu Dong, Director, Information and Technology Department, CITIC Group, Mr. Taylor Lam, Chief Strategy Officer, CITIC Telecom CPC and Ms. Amy Li, Executive Vice President, China Entercom officiate at the launch ceremony of the 3rd SOC


With the rapid development of the digital economy, the global network security landscape remains challenging. The ever-changing security attack vectors have increased the number of network security incidents. Enterprises need to speed up and enhance their technology innovations from the perspectives of industry value chain and overall business in order to elevate their overall security capability. CITIC Telecom CPC has two round-the-clock SOCs in Hong Kong and Guangzhou. The third SOC in Shanghai not only provides enterprises in Mainland China with superior cloud and network security service capabilities, but also plays an active role in supporting international enterprises with business operations in China. The new SOC in Shanghai is certified with a series of international certifications and is fully complied with China's local policies and regulations. All the three 7×24 SOCs are equipped with platform-based, automated and intelligent operational capabilities, as well as localized professional services at international standards, creating a full spectrum of security service framework in building comprehensive security capabilities such as security, monitoring, proactive alerts, management and risk control. Not only do the SOCs help enterprises with their transformation from "security development " to "security operations", but also drive and upgrade their overall security operational capability to become more practical, systematic and platform-based.

Mr. Brook Wong, Chief Executive Officer of CITIC Telecom CPC said, "In line with national policies and the development of a digital China, exponential growth of innovative services from various industries and enterprises, cross-border data flow from enterprises and increased demands for information security and data compliance systems, we have empowered customers across industries with advanced security innovations, invested more resources to strengthen our capabilities in security services and technology innovations, and officially launched our third SOC in Shanghai. The new SOC not only demonstrates our strong commitment to "Strive for Service Excellence", but also provides fully integrated cloud, network and security solutions, and differentiated information security protection. It is instrumental in bolstering the overall cyber defense capabilities of enterprises and fostering high-quality development of the digital economy, while creating innovative and sustainable values for our community."

CITIC Telecom CPC SOC Core Capabilities Cover 3 Key Areas:
Innovative Technologies Create "Closed-loop Management Capabilities" for Security Events
Our highly-recognized and ever-enhancing security information and event management (SIEM) platform has created "closed-loop management capabilities" for security events to track up to billions of events on a daily basis, detect potential security threats for enterprises, identify threats in a timely and accurate manner, take immediate actions, provide a summary report of all security events and improve the efficiency of handling enterprise security incidents, enabling enterprises to take the lead in threat prediction, perception and responses.

High-availability Service Platform
High-availability and visualized platform creates a "cluster effect" of security operations and maintenance. The platform is operated in a Tier III+, ISO9001, ISO20000 and ISO27001 certified data center, which ensures uninterrupted operations of underlying services and provides customers with an upper-level online portal, revealing in real time the security posture of enterprises and various critical data that is of concern to them.

International Professional Team
CITIC Telecom CPC's security experts and professional customer service team has obtained multiple domestic and international security certifications including CISSP, CCSP, SSCP, CEH, CHFI, CISA, CISM, CRISC, CISP, etc. Their diverse set of security skills and experiences have built up a strong backbone for enterprise security protection. The team provides multilingual support (Mandarin, Cantonese, English, Japanese, etc.), 7x24x365 services and a professional incident handling process, enabling real time responses, regular reviews, trends analysis and high-quality information security services for enterprises.

Integrating Full-stack Cloud, Network, Intelligence and Security Solutions to Unveil Next-Generation Comprehensive SOC Security and Maintenance Services
Leveraging over 20 years of cloud, network, intelligent and security experiences, robust information security services capabilities, powerful computing algorithms and AI technology in the industry, CITIC Telecom CPC is committed to unveiling next-generation comprehensive security and maintenance services through the new SOC. Not only does it provide one-stop comprehensive security analysis and event management services including pre-event detection, immediate responses during events, and post-event summary through TrustCSI(TM) MSS, it also offers a range of professional information security services through TrustCSI(TM) IAS including asset management, risk assessment, penetration testing, offensive and defensive exercises. These services help customers proactively identify potential security risks, promptly patch vulnerabilities, regularly evaluate security defenses, and develop ever-enhancing "lifecycle" security solutions, creating a reliable and managed information security defense for enterprises.

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

Media Contacts:

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

Tech Week Singapore Presents: Must-Attend Summits For Asia’s Top Business Leaders and Press

SINGAPORE, Mar 28, 2023 – (ACN Newswire) – CloserStill Media, a world-leading producer of market-leading events, has announced three invite-only Summits for Asia’s top C-level executives and senior decision-makers.

The Retail Executive Summit, Smart Cybersecurity Summit, and the brand-new Data & AI Leaders’ Summit will take place in Singapore at Marina Bay Sands across the month of April.

Featuring exceptional conference content and interactive brand showcases, the Summits present unique opportunities for attendees to stay updated on the latest tech advancements, forge strategic partnerships, and discover cutting-edge solutions.

“After a record-breaking year for Tech Week Singapore in 2022, there is no doubt that the appetite for knowledge sharing and networking is insatiable,” said Andy Kiwanuka, Managing Director for Asia Pacific at CloserStill Media. “These Summits are essential for businesses to stay ahead of the competition.”

All three Summits includes lunch and post-event networking drinks for the all-important networking with fellow business leaders.

Registration for all Summits is now open and can be accessed via singaporeporetechnologyweek.com. To create a value-driven experience, the Summits are exclusive to C-Level leaders and senior decision-makers.

The Exclusive Retail Event for Enterprise Executives

Happening on 6 April at Marina Bay Sands, the Retail Executive Summit will be a place to revolutionise retail businesses within the highly competitive, yet lucrative, eCommerce space in Singapore.

“This is the place to unlock the secrets to success from esteemed experts who have conquered last-mile delivery and empowered tech-savvy customers,” said Indiana Forrest-Bisley, Group Event Director for Retail Executive Summit Singapore.

Critical topics like omnichannel development, innovative customer engagement, marketing automation, cross-border commerce and logistics will be covered by experts, including Edouard Delvaux, APAC Digital Commerce Lead for Colgate-Palmolive; Sharon Tan, Head of Digital Commerce – SEA for Kellogg’s; Kent Teo, CEO and Founder of Invade, and more.

Ground-breaking eCommerce solutions will be showcased by impact.com, Nuvei, Overdose, Shippit, and VTEX.

Protecting Businesses from Future Threats

More than 350 cybersecurity pioneers and business leaders looking to defend their people and assets against cybercrime are expected to attend Smart Cybersecurity Summit in Singapore on 13 April.

Almost half of businesses in Singapore experienced a cyber incident, according to Kroll’s APAC State of Incident Report 2022.

“The threat landscape is constantly evolving. The time is now to come together in an effort to bolster the cyber resiliency of our digital ecosystems,” said Dominic Pinfold, Group Event Director for Smart Cybersecurity Summit Singapore.

With their complimentary ticket, business leaders can gain actionable advice on implementing zero trust models, tackling the skills shortage, making returns on security investments, and more.

Expert-led sessions will feature Richard Wong, Senior VP at Frost & Sullivan; Veronica Tan, Director for the Safer Cyberspace Division at the Cyber Security Agency of Singapore; and Dr Carrine Teoh Chooi, Chief Strategy Officer of Bond Holdings.

Leading cybersecurity solutions will be presented by BeyondTrust, Illumio, Palo Alto Networks, Proofpoint, SentinelOne, and StarHub.

Driving Innovation for a Better Future

The Data & AI Leaders’ Summit is an exclusive event for data, analytics, and AI leaders to connect and find solutions that positively contribute to Singapore’s goal of becoming a big data hub and world leader in AI adoption.

“Big data and AI uptake is often hindered by complex data silos, poor data quality or skills shortages. This Summit showcases inspiring case studies and stories of success from distinguished leaders who have harnessed their data to make better business decisions,” said Neil Halliday, APAC Director for the Data, Analytics & Artificial Intelligence Portfolio at CloserStill Media.

Trending topics such as generative and conversational AI, data management, governance, and sovereignty will be discussed in collaboration with industry experts at Data & AI Leaders’ Summit on 27 April at Marina Bay Sands.

Presenting innovative ideas at two leading conference theatres will be Geetha Gopal, Head of Infrastructure Projects, Delivery and Digital Transformation at Panasonic Asia Pacific; Sachin Tonk, Deputy Chief Data Officer at GovTech; and Samuel Chu, Head of Data Science and Analytics for Singlife with Aviva.

Cutting-edge solutions to drive businesses into the future will be exhibited by Aerospike, Alteryx, Azul, Collibra, Confluent, Fivetran, and Juniper Networks.

C-Suites, business leaders, and end-user professionals are welcome to register a complimentary ticket at singaporeporetechnologyweek.com.

Members of the press can also secure a press pass – once registered, please contact Stuart Crowley (s.crowley@closerstillmedia.com) for interview opportunities with speakers.

About CloserStill Media

CloserStill Media organises international B2B tradeshows. In the technology markets, these events reach across five global territories, more than 70,000 delegates and over 2,500 exhibitors. Its portfolio includes some of the fastest growing and award-winning events, including Tech Show London, an umbrella brand featuring Cloud Expo Europe and Data Centre World. Having delivered unparalleled quality and relevant audiences for all exhibitions, CloserStill has been repeatedly recognised as a leading innovator. Its teams and events have been recognised in Europe and Asia, with awards including Best Marketing Manager five times in succession, Best Trade Exhibition, Best Launch Exhibition, and Rising Star two years in succession, among others. CloserStill is headquartered in London, with offices in Singapore, and across America and Europe. For more information, visit www.closerstillmedia.com.

Press Contact
Stuart Crowley
Global Content & Editorial Manager
CloserStill Media
s.crowley@closerstillmedia.com



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

Tech Week Singapore Reveals Brand-New Summit for Data and AI Leaders

SINGAPORE, Mar 28, 2023 – (ACN Newswire) – Tech Week Singapore, an award-winning event by CloserStill Media, has unveiled Data & AI Leaders’ Summit, a new invite-only event for data, analytics, and AI professionals taking place at Marina Bay Sands on 27 April 2023.

Singapore has a goal to become a big data hub and world leader in AI adoption. However, recent statistics reveal that almost 70% of SMEs in the country are yet to take advantage of data analytics and Singapore scored only 49.7 out of 100 for business readiness in a Statista AI readiness index.

The brand-new Data & AI Leaders’ Summit is expertly designed to inspire business leaders and data experts with actionable advice and practical tools to help overcome data silos, poor data quality, and skills shortages that prevent successful adoption of these transformative technologies.

“Singapore is in a prime position to be a big data and AI pioneer. Events like the Data & AI Leaders’ Summit present boundless opportunities for business leaders to spearhead the latest digital frontier,” said Neil Halliday, APAC Director for the Data, Analytics & Artificial Intelligence Portfolio at CloserStill Media.

The Summit is both an exhibition and conference, creating a unique opportunity to exchange knowledge with industry leaders and discover ground-breaking solutions that will drive growth.

Conversations around data generation and AI tools like ChatGPT are rife. The conference programme is tailored to address the biggest topics in the industry, including generative and conversational AI, governance and ethics, data management, strategy, and sovereignty.

There will be two theatres featuring renowned speakers such as Geetha Gopal, Head of Infrastructure Projects, Delivery and Digital Transformation at Panasonic Asia Pacific; Sachin Tonk, Deputy Chief Data Officer at GovTech; and Samuel Chu, Head of Data Science and Analytics for Singlife with Aviva.

The exhibition floor will showcase cutting-edge solutions from Aerospike, Alteryx, Azul, Collibra, Confluent, Fivetran, and Juniper Networks.

The Summit also includes lunch and post-event networking drinks for valuable networking with fellow business leaders.

Tickets for the Data & AI Leaders’ Summit are completely complimentary for senior leaders. C-Suite, Directors and Heads are welcome to register now.

Members of the press can also secure a press pass – once registered, please contact Stuart Crowley (s.crowley@closerstillmedia.com) for interview opportunities with speakers.

About CloserStill Media

CloserStill Media organises international B2B tradeshows. In the technology markets, these events reach across five global territories, more than 70,000 delegates and over 2,500 exhibitors. Its portfolio includes some of the fastest growing and award-winning events, including Tech Show London, an umbrella brand featuring Cloud Expo Europe and Data Centre World. Having delivered unparalleled quality and relevant audiences for all exhibitions, CloserStill has been repeatedly recognised as a leading innovator. Its teams and events have been recognised in Europe and Asia, with awards including Best Marketing Manager five times in succession, Best Trade Exhibition, Best Launch Exhibition, and Rising Star two years in succession, among others. CloserStill is headquartered in London, with offices in Singapore, and across America and Europe. For more information, visit http://www.closerstillmedia.com.

Press Contact
Stuart Crowley
Global Content & Editorial Manager
CloserStill Media
s.crowley@closerstillmedia.com



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

FeedbackFruits Launches the Enhanced Version of Their Team Based Learning Tool for Digitizing Collaboration

AMSTERDAM, Mar 27, 2023 – (ACN Newswire) – FeedbackFruits has released the new Team Based Learning, an LMS-integrated tool designed to digitize and scale collaborative learning across all course sizes and modalities.



Team Based Learning supports and enhances the facilitation of the entire team-based learning (TBL) process, a collaborative learning approach that gives students the possibility to apply their knowledge to solve single or multiple problems.

The development of the tool was initiated in collaboration with Deakin University and IE Business School, where TBL is one of the prominent pedagogical approaches. Both institutions wanted to develop an easy-to-use, LMS-integrated tool to accommodate different elements of TBL. The initial version of the tool was launched to help automate the individual Readiness Assurance Test (iRAT) and team Readiness Assurance Test (tRAT). FeedbackFruits then continued to work with Deakin University over the past year to further expand the tool's capacity to cover all the major steps of the TBL process.

The new Team Based Learning presents several functionalities that support and optimize each stage of the TBL process. With the ability to add engaging pre-work assignments, adjust activity timing, decide on group representatives, and configure peer evaluation steps, instructors can streamline a complete collaborative activity in any modality. At the same time, students enjoy a meaningful learning experience where collaboration, autonomy, and accountability are maintained.

Dr. Svetlana Stevanovic emphasized the tool's capacity for facilitating meaningful collaborative activities:

"I used FeedbackFruits for my first-year unit. The unit has a team-based learning component where students are expected to collaborate to reach a consensus on a specific topic/research question. They are required to do some reading before the class. The unit runs online and in person. I used Team Based Learning to facilitate peer assessment and integrate the quiz into the studio. The enrollment process worked well and enabled students to participate in groups. Students were actively engaged and liked the classes."

For Joost Verdoorn, Chief Product Officer of FeedbackFruits, the launch marks an exciting chapter in the company's story of driving effective pedagogy: "With this release, we show that FeedbackFruits is dedicated to supporting innovative and proven teaching methods, allowing students worldwide to enjoy better and more meaningful learning experiences."

Since its first iteration, the tool has been adopted at 39 institutions worldwide and helped faculties create 197 courses with 865 TBL activities.

About FeedbackFruits

FeedbackFruits is an EdTech scale-up based in Amsterdam whose mission is to drive student engagement while increasing teacher productivity. The platform encompasses a range of learning activities such as self & peer assessment, online discussion, and team-based learning. The company is currently supporting over 100 institutions worldwide with 90+ employees. For more information, press only: marketing@feedbackfruits.com

Contact Information
Irmak Ozgenoglu
Marketing Manager
irmak@feedbackfruits.com

SOURCE: FeedbackFruits

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

Yeahka Announces 2022 Annual Results

HONG KONG, Mar 27, 2023 – (ACN Newswire) – Yeahka Limited ("Yeahka" or the "Company", Stock Code: 9923.HK), a leading payment-based technology platform in China, is pleased to announce the annual results for the twelve months ended 31 December 2022 (the "year" or "2022").

Financial Highlights
— Total revenue reached RMB3,418.0 million, representing a year-over-year (YoY) increase of 11.8%;
— Gross profit rose 26.6% YoY to RMB1,030.9 million, while gross profit margin increased 3.6 p.p. to 30.2%;
— Adjusted EBITDA amounted to RMB213.4 million, an increase of 73.0% YoY;
— The gross profit margin of in-store e-commerce services improved from 35.9% in 2021 to 67.3% in 2022;
— Net loss of in-store e-commerce services significantly narrowed to RMB51.9 million in the second half of 2022, a decrease of 67.4% from the first half of 2022.

Operational Highlights
Number of merchants and fee rate of one-stop payment services continued to grow:
— Total gross payment value ("GPV") of payment services reached RMB2.23 trillion, up 5.1% YoY;
— The number of active payment service merchants reached a historical high of 8.1 million, an increase of 11.4% YoY;
— Fee rate increased to 12.3 basis points (bps) in 2022 from 10.7 bps in 2021, trending upward (first half of 2022: 12.0bps; second half of 2022: 12.7bps);
— The peak daily count of app-based payment transactions reached over 50 million, hitting a record high;
— Number of independent sales agents in nationwide channel network reached nearly 18,000;
— In January and February of 2023, the year-on-year growth rate of our GPV was 9.8% and 34.1%, respectively;
— Official guidance of GPV in 2023: RMB2.7 trillion ~ RMB2.9 trillion.

In-store e-commerce services grew rapidly and achieved significant results:
— Total gross merchandise value ("GMV") reached over RMB3.3 billion, up 7.3 times YoY;
— Total number of orders reached nearly 37 million, increasing by 3.1 times YoY;
— Stock keep units (SKU) reached over 400,000, up 1.5 times YoY.

Mr. Luke Liu, Chairman of the Board and Chief Executive Officer, said, "2022 was an unusual year, but our business continued to grow at a healthy rate and delivered strong financial results thanks to our broad geographic coverage and the strong synergies within our commercial digitalized ecosystem. Notably, our payment business saw an increase of both GPV and fee rate, and our in-store e-commerce business contributed significant revenue and gross profit and while drastically reducing its loss on monthly basis. "

Mr. Ben Zhao, Board Secretary and General Manager of Corporate Development explained, "For payment, we continued to diversify ISO base, expanded our joint merchant acquiring services with banks, and launched various DC/EP pilot programs. Our payment platform is becoming increasingly inclusive and robust, and we have begun to upgrade our clientele strategy to include mid-to-large sized customers and vertical brand leaders. "

"For in-store e-commerce, we grew GMV over 7 times, and have upgraded to multi-layer market strategies including self-operated sites and co-op sites that helped us to reduce our BD costs while expanding our geographic coverage. We optimized our organizational structure and developed technology-empowered services such as KOL-matching, live-streaming optimization and ads deployment for our co-op partners. Jointly, we have created a merchant alliance that shares merchant resources, and offers Yeahka's digital empowerment tools and additional cross-selling solutions such as payments and SaaS offerings."

Outlook
Mr. Luke Liu concluded, "Today, our scalable ecosystem has shown its ability to create a virtuous cycle among the payment, in-store e-commerce, and merchant solutions segments. The merchant base and consumer insights we accumulated over the years directly led to the prosperity of our merchant solutions and in-store e-commerce business, and they in turn enhanced loyalty and stickiness in our payment business, sometimes even bringing new merchants to the payment business. Because of our strategic direction, we have a healthy and sustainable business that will endure for a long time. In 2023, we will continue to focus on creating value for our merchants and providing a wide range of local lifestyle experiences to consumers, and create sustainable value for shareholders, employees, and society at large."

About YEAHKA LIMITED (Stock Code: 9923.HK)
Yeahka is a leading payment-based technology platform dedicated to creating value for merchants and consumers. Our goal is to build an independent and scalable commercial digitalized ecosystem to enable seamless, convenient, and reliable payment services to merchants and consumers, and to further expand into serving merchants and consumers with our diversified product portfolio, which now includes (i) in-store e-commerce services, providing consumers with local lifestyle services of great value, and (ii) merchant solutions, enabling merchants to better manage and drive business growth.

Investor and media enquiry:
Yeahka Limited
IR team
Email: ir@yeahka.com


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

SNS Network Technology Posts 4Q Net Profit Jump of 40.5%

IPOH, Malaysia, Mar 27, 2023 – (ACN Newswire) – SNS Network Technology Berhad, an ICT products, services and solutions provider, today announced that the Group's profit after tax (PAT) for the fourth quarter ended 31 January 2023 (4Q FY2023) increased by 40.5% to RM16.77 million compared with RM11.94 million in the immediate preceding quarter (3Q FY2023).



Managing Director of SNS, Ko Yun Hung


SNS recorded revenue that gained 46.2% to RM509.86 million in 4Q FY2023 compared with RM348.84 million in 3Q FY2023. For the quarter under review, there was a 44.6% rise in profit before tax (PBT) to RM22.09 million compared with RM15.28 million in 3Q FY2023.

For FY2023, the Group registered RM43.72 million in PAT as well as PBT of RM57.36 million on RM1.40 billion in revenue. There are no comparative figures on a year-over-year basis as SNS was listed on the ACE Market of Bursa Malaysia on 2 September 2022.

Managing Director of SNS, Ko Yun Hung, said, "The commercial channel of our business remains the mainstay as the Group continued to see commendable growth in revenue and profitability. The demand cuts across industries and is from both the government and private sectors. Just recently we won a tender from the Ministry of Education valued at RM41.33 million through our Device-as-a-Service (DaaS) offering that addresses the gap for learning through the upgrade of devices and technology for students and teachers. Our DaaS offering provides convenience for businesses and organizations, enabling us to support our customers in their digital transformation journey. Additionally, the DaaS business model allows us to retain our customers with a higher likelihood of service renewal and generate recurring revenue for up to five years."

"As we look ahead to the market in the technology industry, we anticipate a growing demand for digital transformation projects. With our expertise in this area and a proven track record of successful implementations, we are well-positioned to secure more projects in the coming months. As businesses and organisations continue to embrace digitalisation, we remain committed to delivering innovative solutions that meet their evolving needs and help them stay ahead of the curve in an increasingly competitive landscape."

The Group has also announced a second interim single-tier dividend of 0.25 sen per share with an ex-date of 10th of May in respect of FY2023 to be paid on 26th of May 2023.

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

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

Anglepoint Launches ServiceNow App: IBM Licensing for Software Asset Management

SAN FRANCISCO, CA, Mar 23, 2023 – (ACN Newswire) – Anglepoint, the leading Software Asset Management (SAM) services provider to the Fortune 500 and Global 2000, has launched its first app on the ServiceNow app store, IBM Licensing for Software Asset Management. This app, combined with Anglepoint's IBM Managed Service, offers the ability to identify, measure, and track IBM's software natively within ServiceNow. The app is available now in the ServiceNow Store as part of the ServiceNow "Utah" release and is a companion app to ServiceNow's IBM License Compliance for Software Asset Management app.




For customers who are also under IBM's Authorized SAM Provider program (IASP) with an Anglepoint managed service, IBM may accept this solution as a replacement to ILMT for sub-capacity reporting.

Anglepoint Vice President Mari Petersen says, "As a leader in the Gartner Magic Quadrant three years in a row, Anglepoint is the premier organization to provide solutions to our clients that best meet their needs and benefit their ITAM Programs. For organizations who have or are considering investing in the ServiceNow platform and services for IBM software asset management, this app is the obvious solution. Connecting Anglepoint's unparalleled expertise in IBM licensing with the power of the ServiceNow solution provides customers with the opportunity to understand how to optimize their IBM software licensing spend."

Key features and benefits of the IBM Licensing for Software Asset Management app include:
– Measure IBM sub-capacity (under the IASP program only)
– Access IBM licensing expertise
– Simplify license management
– Gain confidence and visibility of IBM assets within ServiceNow SAMP
– Identify opportunities for cost reduction

The launch of the app in partnership with ServiceNow provides IBM customers a solution that leverages the full power of the ServiceNow platform.

To access the free app, customers will need to be using the newest version of ServiceNow "Utah" and engage with Anglepoint for an IBM Managed Service. To learn more about this solution, please contact Anglepoint at servicenow@anglepoint.com.

ABOUT ANGLEPOINT

Anglepoint is the leading provider of Software Asset Management & Technology Asset Management services to the Fortune 500 & Global 2000. Anglepoint's services drive cost optimization, risk mitigation & strategic planning within the cloud, SaaS, enterprise software & hardware estates of complex hybrid IT environments. Anglepoint delivers comprehensive managed services, including SAM strategy, execution, process automation, and technology selection & implementation. Connect with Anglepoint on LinkedIn, Facebook, Twitter, and Anglepoint.com.

Contact Information
Alison Frederick
Director of Analyst Relations and Client Experience
info@anglepoint.com

SOURCE: Anglepoint

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

Dazz Selected as Finalist for RSA Conference 2023 Innovation Sandbox Contest

PALO ALTO, CA, Mar 23, 2023 – (ACN Newswire) – Dazz, the leader in cloud security remediation, has been named one of 10 finalists for the RSA Conference(TM) 2023 Innovation Sandbox contest for its work delivering the Dazz Remediation Cloud SaaS platform. Dazz will present its technology to a panel of renowned industry judges and a live in-person audience on Monday, April 24 at RSA Conference 2023 in San Francisco.


Merav Bahat, Co-Founder and CEO, Dazz (Credit: Netanel Tobias)


Since 2005, the RSAC Innovation Sandbox has served as a platform for the most promising young cybersecurity companies to showcase their groundbreaking technologies and compete for the title of "Most Innovative Startup." The competition is widely recognized as a catapult for success and the top 10 finalists have collectively celebrated 75 acquisitions and received $12.5 billion in investments over the last 18 years. Dazz will have three minutes to pitch to the panel of judges before a question-and-answer round.

"The RSA Conference Innovation Sandbox contest is one of the most exciting highlights of the week as we get to watch 10 of the cybersecurity industry's best and brightest up-and-coming stars shine on stage with provocative and cutting-edge ideas," said Linda Gray Martin, Senior Vice President, RSA Conference. "The demanding challenges and threats we face are only getting more complex in both size and severity, and we need smart, determined and skilled individuals and companies to make an impact and help tackle what lies ahead."

The Dazz Remediation Cloud is a SaaS platform that accelerates cloud-native remediation and risk reduction for security and development teams. The company's patented Root Cause Analysis engine uniquely analyzes data collected from the entire architecture to learn which cloud resource caused the issue seen in the cloud security tool, trace the issue back to the pipeline that was used to deploy it, and discover what triggered its build. Through the Dazz platform, security teams can quickly uncover the commit and developer who applied the change, and then share root cause context for faster, more efficient developer remediation-without any changes to the architecture. As a result, teams are able to quickly uncover blind spots in the CI/CD pipeline, shrink alert backlog, and streamline fixes right in the developer's workflow.

Dazz emerged out of stealth in December 2021, while announcing $60 million in funding. Its investors include some of the world's most prominent venture capital firms, such as Insight Partners, Greylock, Index Ventures, and Cyberstarts. The company already counts 25 of the Fortune 500 as customers.

"We improve the lives of cloud security and development teams by taking the pain and inefficiency out of the manual remediation process," said Merav Bahat, co-founder and CEO of Dazz. "Instead of chasing a never-ending backlog, security teams can now rapidly prioritize the issues that matter most and communicate fixes with context to developers. On average, our customers experience MTTR improvements of 90%, their security and development teams collaborate better together with less friction, and achieve zero criticals within hours."

The RSAC Innovation Sandbox contest kicks off at 12:00 p.m. PT on April 24, and winners will be announced at 3:00 p.m. the same day. The panel of renowned expert judges includes Niloofar Howe, Sr. Operating Partner at Energy Impact Partners; Paul Kocher, Independent Researcher; Shlomo Kramer, Co-founder and CEO, Cato Networks; Barmak Meftah, Co-Founder & General Partner at Ballistic Ventures; and Christopher Young, Executive Vice President of Business Development Strategy and Ventures at Microsoft. Hugh Thompson, Program Committee Chair of RSA Conference, will return to host the contest.

For more information regarding RSA Conference 2023, taking place at the Moscone Center in San Francisco from April 24-27, please visit https://www.rsaconference.com/usa.

About Dazz

Dazz accelerates cloud remediation for security and engineering teams. The Dazz Remediation Cloud maps your code-to-cloud pipelines, reduces your security alerts to their key root causes, and remediates issues right in the developer's workflow. With Dazz, you gain full pipeline visibility, cut through alert noise, increase the value of existing tools, and shrink your risk window by reducing time to remediate. Visit us at dazz.io and follow us on Twitter at @dazz_io and LinkedIn at dazz-io.

About RSA Conference

RSA Conference(TM) is the premier series of global events and year-round learning for the cybersecurity community. RSAC is where the security industry converges to discuss current and future topics and gain access to the experts, unbiased content and ideas that enable individuals and companies to advance their cybersecurity posture and build stronger and smarter teams. Both in-person and online, RSAC brings the cybersecurity industry together and empowers the collective "we" to stand against cyberthreats around the world. RSAC is the ultimate marketplace for the latest technologies and hands-on educational opportunities that help industry professionals discover how to make their companies more secure while showcasing the most enterprising, influential and thought-provoking visionaries and leaders in cybersecurity today. For the most up-to-date news pertaining to the cybersecurity industry, visit www.rsaconference.com. Where the world talks security.

Contact Information
Tamar Harel
Media Consultant
tamar@shalomtelaviv.com
+972508879311

SOURCE: Dazz

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

Society Pass Inc (Nasdaq: SOPA) Reports Compelling 4Q 2022 and FY 2022 Financial Results

NEW YORK, Mar 23, 2023 – (ACN Newswire) – Society Pass Inc. (Nasdaq: SOPA) ("SoPa"), Southeast Asia (SEA)'s next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces unaudited financial results for fourth quarter ended 31 December 2021 and audited financial results for the full year ended 31 December 2022 and a filing of its 2022 Form 10-K with the Securities and Exchange Commission (SEC).

Click Here (on SEC website) to view 2022 Form 10-K filing. https://www.sec.gov/ix?doc=/Archives/edgar/data/1817511/000160706223000144/sopa123122form10k.htm

Summary Points:

– 4Q 2022 revenues grew 530% year on year (from $419,062 in 4Q 2021 to $2,641,137 in 4Q 2022).
– Full year 2022 revenues grew 984% year on year (from $519,885 in full year 2021 to $5,635,553 in full year 2022).
– 4Q 2022 gross profit grew to $673,969 from -$27,328 in 4Q 2021.
– Full year 2022 gross profit grew to $966,973 from -$190,798 in full year 2021.
– 4Q 2022 gross margin percentage improved to 25.5% from -6.5% in 4Q 2021.
– Full year 2022 gross margin percentage improved to 17.2% from -36.7% in full year 2021.
– Compared to 4Q 2022 revenue growth of 530%, 4Q 2022 cash operating expenses grew only 128% year on year (from $2,072,332 in 4Q 2021 to $4,739,929 in 4Q 2022).
– Compared to full 2022 revenue growth of 984%, full year 2022 cash operating expenses grew only 323% year on year (from $4,721,048 in full year 2021 to $20,015,750 in full year 2022).
– With cash on hand of $18.9 million and book value of $20.3 million on 31 December 2022, SoPa is well capitalised for the expected roll out of Society Pass loyalty platform in 2Q 2023 and continuing acquisitions of SEA companies in loyalty, lifestyle, food & beverage delivery, telecommunications, digital media, and travel verticals for the rest of 2023.
– Since inception, SoPa has onboarded approximately 3.3 million registered consumers and approximately 205,000 registered merchants/brands onto its ever-expanding next generation digital ecosystem and loyalty platform in SEA.
– SoPa completed a total of seven acquisitions in 2022, including Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; Mangan.ph, a leading local restaurant delivery service in Philippines, and More Media, a Indonesia-based design and branding agency.
– SoPa now operates six verticals in SEA, namely, loyalty, lifestyle, food and beverage delivery, telecommunications, digital advertising, and travel.
– SoPa currently operates five SEA countries, namely, Singapore, Vietnam, Indonesia, Philippines and Thailand.
– SoPa currently employes approximately 250 people throughout SEA countries.

Raynauld Liang, Society Pass Inc Chief Financial Officer, explains, "Our compelling fourth quarter 2022 and full year 2022 financial results validate our acquisitions-focused business plan here in SEA. For 4Q 2022 and full year 2022, we achieved year on year revenue growth of 530% and 984%, respectively. By comparison, for 4Q 2022 and full year 2022, we recognised year on year cash operating expense growth of only 128% and 323%, respectively. In other words, despite growing at breakneck pace in the five largest economies of SEA, our revenues are growing much faster than our expenses. We focused on dramatically improving our gross margins, whilst generating outsized revenue growth in our lifestyle, digital advertising and travel businesses.

For 2023, the company's management continues to focus on substantially improving our operating margins by driving cost efficiencies across our SoPa ecosystem and increasing revenues in our six verticals via organic growth and acquisitions. As a result, our management team forecasts achieving profitability in 2H 2023, which is a year earlier than our prior forecasts of 2H 2024."

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 shares were added to the Russell 2000 index in December 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 205,000 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; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam's leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

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/.

Use of Non-GAAP Financial Measures

In addition to financial information prepared in accordance with U.S. GAAP, this document also contains certain non-GAAP financial measures based on management's view of performance including cash operating expenses. Management uses such measures internally for planning and forecasting purposes and to measure the performance of the Company. We believe these adjusted financial measures provide useful and meaningful information to us and investors because they enhance investors' understanding of the continuing operating performance of our business and facilitate the comparison of performance between past and future periods. These adjusted financial measures are non-GAAP measures and should be considered in addition to, but not as a substitute for, the information prepared in accordance with U.S. GAAP. When preparing these supplemental non-GAAP financial measures we typically exclude certain GAAP items that management does not consider to be normal, recurring non-cash operating expenses.

Years ended December 31 2022 | 2021
Total operating expenses $(35,123,029) | $(34,021,405)
Amortisation and depreciation 3,307,832 | 3,210,448
Goodwill Impairment 3,499,881 | 200,000
Stock-based compensation for services 8,299,566 | 25,889,909
Cash Operating Expenses $20,015,750 | $4,721,048

Cautionary Note Concerning Forward-Looking Statements

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

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

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K2 Partnering Solutions Acquires Openlogix

LONDON, Mar 22, 2023 – (ACN Newswire) – K2 Partnering Solutions, a provider of unique end-to-end consultative technology solutions in the enterprise application and software space, today announced its acquisition of Openlogix, a US-based technology consulting firm specializing in digital transformation and software development.

Openlogix, based in Bloomfield Hills, Michigan, is a top Salesforce, MuleSoft and IBM business partner with over 16 years of experience in delivering digital transformation solutions such as enterprise application integration, Customer 360, and application modernization. The firm partners with customers in industries such as Utilities, Financial Services, Insurance, Technology and Telecommunications.

The acquisition allows K2 to expand within its current ecosystems and provides a unique opportunity to efficiently scale its delivery capabilities and further expand its footprint in the U.S., India and Latin America. Openlogix's team of experienced consultants and developers will also enhance K2's ability to deliver customized solutions to clients.

The partnership will create synergies and opportunities for Openlogix to gain market share and provide it with a global platform to accelerate expansion in North America and new markets.

The acquisition is K2's 8th since December 2020 and supports the group's ongoing strategy of growing its portfolio through complementary acquisitions in the consultative technology solutions space.

"We are excited to welcome Openlogix to the K2 family," said Antonio Gulino, CEO of K2 Partnering Solutions. "Steve, Ramani and the talented Openlogix team have built a great company. Their expertise and experience in digital transformation will strengthen our ability to provide innovative solutions to our clients around the world."

"Our goal has always been to successfully carry out digital transformations for businesses of all sizes with a core focus on enterprise application integration," said Steve Lokam, Founder and CEO of Openlogix. "Joining forces with K2 will bring about exciting synergies that will strengthen our unwavering commitment to deliver exceptional services to our valued customers." Ramani Lokam, Vice President, Operations of OpenLogix said: "We are excited about the potential opportunities that this will bring to our employees. With K2's widespread presence, it will create new possibilities for our partners and employees worldwide."

K2 Partnering Solutions continues to support leading corporate enterprises seeking highly-skilled human capital and integrated solutions to develop, implement and operate critical technology and business solutions. The business provides an integrated end-to-end offering of Talent Solutions, Managed Solutions, Education and Human-Cloud Communities.

Contact Information:
Dylan Griffiths
Senior Vice President Marketing
dgriffiths@k2partnering.com
0203 893 4433

SOURCE: K2 Partnering Solutions

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