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

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

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

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

About Society Pass Inc.

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

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

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

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

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

About Thoughtful Media Group Inc.

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

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

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

About NusaTrip

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

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

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

Cautionary Note Concerning Forward-Looking Statements

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

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

DT50 Unveils 2023 Nominees: Honouring Tech Visionaries in a Year of Innovation

JAKARTA, Oct 10, 2023 – (ACN Newswire) – The DT50 is a prestigious award program set to take place at JW Marriott Mega Kuningan, Indonesia on the 18th and 19th of October. This event aims to honour the industry’s top technology leaders and is delighted to announce the 50 outstanding nominees for the 24th Edition of the Digital Transformation Summit, with the valued support of Kominfo (Ministry of Informatics & Communications), Kemenparekraf (Ministry of Tourism and Creative Economy), BSSN, WANTIKNAS, Indonesia SEZ, & Kadin Indonesia. These visionary technology leaders are at the forefront of innovation in their respective fields, spanning digital transformation, artificial intelligence, augmented reality, blockchain, and quantum computing.

DT50 has always been dedicated to recognising the innovation, vision, and dedication of technology pioneers who have revolutionised the industry. This year’s nominees represent the best and brightest minds shaping the future of technology, and their contributions have left an indelible mark on their respective domains.

Here are the 50 nominees for the 2023 DT50 awards:

Sylvain Breton – Vice President Of Engineering, Moladin.
Kevin Kane – Chief Technology Officer, Amar Bank.
Edisono Limin – Executive Director, Country Head of Channels and Digitalisation, PT Bank UOB Indonesia.
Edmund Situmorang – Group Chief Technology Officer, PT. Asian Bulk Logistics.
Ichwan Peryana – Co-Founder & Director, Chief Technology Officer, Pinjam Modal | PT Financial Integration
Andri Hidayat – Cybersecurity Luminary, PT Prodia Widyahusada Tbk
Johannes Septian Sutrisno – MIS Director, PT Adis Dimension Footwear
David Wirawan – Chief Technology Officer, PT. KB Finansia Multi Finance
Michael McPhail – Chief Technology Officer, PT. Mora Telematika Indonesia.
David Formula – Senior EVP Information & Technology, PT. Bank Central Asia.
Edward Sanusi – Chief Technology Officer, PT Link Net Tbk.
Edwin Sugianto – Chief Operating, IT, Health, Marketing & Digital Officer, AXA Insurance Indonesia.
Ronny Tan – Deputy CIO and Head of IT Architect and Engineering, Commonwealth Bank Indonesia.
Ivan Irawan – Director of IT, Credit Bureau Indonesia.
Dicky Johan – Chief Digital and Technology Officer, Prudential Indonesia (PT Prudential Life Assurance)
Dendy Pramudito – Chief Technology Officer, hibank Indonesia.
Veirry Augusman – Chief Technology Officer, K3 Mart
Freddo T. – Director of IT, PT. INDAH Logistic.
Risman Adnan – Corporate Digital Technology Director, PT Kalbe Farma.
Lioe Yanto Haryono – Vice President of Digital Information Technology, Modena.
Tjan Gito – Chief Digital Officer, PT. Enseval Putera Megatrading, Tbk.
Wilbertus Darmadi – Chief Information Officer, Toyota Astra Motor.
Hendy Harianto – Group Chief Information Officer (CIO), Meratus.
Abhishek Tiwari – Chief Technology Officer, MNC GROUP – PT MNC ASIA HOLDING TBK.
Abdy Salimin – Director Of Technology & Operations, PermataBank.
Teguh Wahyono – Chief Technology Officer and Information Technology Director,PT. Pegadaian (Persero).
Andre E. Susanto – Chief Technology Officer, Quantum Power Asia.
Andoko Wicaksono – Chief Information Officer, Blue Bird Group.
Rhezandra Priatama – Chief Technology Officer, Sekolah.mu.
Anton Pranayama – Chief Information Officer, PFI Mega Life
Felix Sugianto – Director Of IT, PT Gunung Raja Paksi Tbk
Eko Wahyudi Sephartanto – VP. Technology Information & General Affair, PT Jakarta Propertindo (Perseroda).
David Christopher – EVP Product and Technology, Anteraja.
Edy Susanto – Director of IT, PT. Trans Retail Indonesia.
Ronny Winoto – Chief Technology Officer, Ruparupa.com
Felix Tjhai – Information Technology Director, Four Seasons Hotels and Resorts,Jakarta
Aries Firdiansyah – VP IT Agile Transformation and Digital Workplace, PT. Bank Negara Indonesia (Persero) Tbk.
Ojahan M. Oppusunggu – Director of Technical & Technology, ARTOTEL Group.
Rio Anugrah – Chief Technology Officer, MNC Digital Indonesia
Akbar Yudha Putera – VP Information Technology, PT. Pertamina Hulu Energi
Rajeev Rajeswaran – Chief Information Officer, PT. Fast Food Indonesia – KFC and Tacobell.
Joerg Sauer – AVP Head of Information Technolog, Manulife Indonesia
Reza P. – Chief Technology Officer, Digital Transformation Office Kementerian Kesehatan.
Renaldi Tjahaya – Chief Digital Officer, Kawan Lama Group.
Rinaldi Saputra – CEO, Gromura Indonesia.
Joseph Lembayung – CTIO & Corporate Information System Division Head, Pamapersada Nusantara (Member of ASTRA group).
On Lee – Chief Technology Officer, GDP Ventures.
Mayank Singh – Chief Digital Officer & VP – Marketing, Digital Business & IT, Domino’s Pizza Indonesia.
Rajesh Grover – Group VP – Digital & Omnichannel, Kanmo Group.
Benny Jioe – Head of Digital Transformation, PT Zurich Asuransi Indonesia Tbk.

These trailblazers have not only made significant advancements in their respective fields but have also played a crucial role in shaping the technological landscape for the better. Their dedication to innovation and excellence is nothing short of remarkable.

About Exito

Exito, which means success in Spanish, embodies our commitment to the success of our customers. Each year, we host over 240 virtual and in-person conferences globally, bringing together audiences with world-class thought leaders and C-level executives across industries. Our meticulously crafted agendas, based on extensive research and valuable industry insights, facilitate business, knowledge transfer, deal flow, and impactful messaging for brands.

For more information about the DT50 awards and the 2023 nominees, please visit: https://digitransformationsummit.com/indonesia/

For media inquiries, please contact:
Kasturi Nayak (Sr. Marketing Executive)
Kasturi.nayak@exito-e.com
Enquiry@exito-e.com
Exito Media Concepts

Society Pass Inc (Nasdaq: SOPA) Announces Plans to Spinout Two Profitable Business Units Into New Publicly-Traded Companies via Nasdaq IPOs in 2024

NEW YORK, Oct 10, 2023 – (ACN Newswire) – Society Pass Inc. (Nasdaq: SOPA) (“SoPa” or the “Company”), Southeast Asia’s (“SEA”) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, announces that its Board of Directors, together with its financial and legal advisors, have evaluated a comprehensive range of strategic restructuring options to unlock shareholder value. As a result of these discussions, SoPa will pursue a spinout and initial public offering on Nasdaq in 2024 for its digital advertising ecosystem, Thoughtful Media Group Inc (“TMG”), and for its online travel platform, NusaTrip Inc (“NusaTrip”).

Thailand-based TMG, the premier digital advertising network in SEA, operates in Thailand, Vietnam, Indonesia, and Philippines and connects advertisers/brands/merchants with over 10,000 influencers to targeted audiences in SEA via its social media-focused advertising ecosystem. TMG delivers significant returns on investment on advertising spend for its clients by more efficiently and effectively generating additional revenues across thousands of creator channels in industries such as fashion & beauty, lifestyle, video games, cooking, automotive, travel, luxury, and sports.

Nusatrip, a leading Indonesia-based online travel agency, offers a comprehensive range of airlines and hotels on its travel platform for corporate and retail customers across SEA. With its first mover advantage, NusaTrip has onboarded over 1.2 million registered users, over 500 airlines and over 650,000 hotels around the world as well as connected with over 80 million unique visitors. Initially only focused on the Indonesian market, NusaTrip has expanded to other SEA countries to become a first-choice travel provider throughout SEA.

SoPa believes that its separately-traded TMG and NusaTrip subsidiaries will increase SoPa shareholder value as investors can more clearly evaluate the performance and future potential of these profitable businesses on a standalone basis, whilst allowing each business to pursue its own distinct strategy and capital allocation policy. Both TMG and NusaTrip are managed by separate executive teams.

“We believe that separating and listing our principal businesses in 2024 will improve our ability to unlock hidden value for all our stakeholders,” says Raynauld Liang, the Chief Executive Officer of SoPa. “Both TMG and NusaTrip are profitable and have large and growing market opportunities. This new proposed group structure will further increase both their operational agility and ability to focus on delivering exceptional solutions to their customers.”

Mr. Liang further notes, “SoPa’s actions follow the leads of both Johnson & Johnson (JNJ) and Kellogg’s (K) spinning out operating subsidiaries and we plan on having the same success.”

About Society Pass Inc.

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

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

About Thoughtful Media Group Inc.

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

About NusaTrip

Cautionary Note Concerning Forward-Looking Statements

This press release may include “forward-looking statements,” within the meaning of applicable securities laws. 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, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements consist of not purely historical statements, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. 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, including, but not limited to, the ability of the Company to complete the proposed spinout successfully. A discussion of these and other factors, including risks and uncertainties with respect to the Company, is detailed in the Company’s filings with the Securities and Exchange Commission (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. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and while the Company may elect to update these forward-looking statements at some point in the future, it assumes no obligation to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise, subject to applicable law. The Company does not give any assurance that it will achieve its expectations.

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

Accurate Background Leaders Named to Professional Background Screening Association Leadership Roles

IRVINE, CA / ACN Newswire / September 20, 2023 / Accurate Background, the largest independent global provider of compliant background checks, drug and health screening, and monitoring solutions, today announced that two Accurate leaders have been named to incoming leadership positions for the Professional Background Screening Association (PBSA) for 2023-24.

Katie Hartley, Vice President of Client Solutions at Accurate, joins the PBSA Executive Committee as Secretary/Treasurer. Hartley joined the PBSA Board of Directors in 2022 and has been an active member of the PBSA since 2005. Hartley previously served as Communications Committee Chair and remains active on the Advocacy Committee. She has more than two decades of career experience in the background screening industry.

“I’m proud to continue to represent Accurate, our customers, and others in our industry as I step into this global leadership role,” said Hartley. “I look forward to continuing to partner with other industry leaders to advance the standard for excellence in background screening and will remain focused on driving PBSA’s mission through efforts including volunteerism and advocacy.”

Khai Ngo, Managing Director of Accurate Background company VerifyNow, was named Chair Elect for the PBSA’s APAC Council. Ngo joined the Australian Committee in 2020 and has served as the APAC Education Committee Chair for two years. Ngo founded Australian-based VerifyNow, which was acquired by Accurate in 2022.

“I am thrilled to continue to build strong regional engagement with APAC Council members as we partner with the global PBSA team to increase educational resources and advance our mission,” said Ngo. “I especially look forward to working closely with APAC leadership to grow membership and support the delivery of the 2023 APAC Annual General Meeting, as well as a future one in Australia.”

The PBSA was founded as a non-profit trade association in 2003 and was established to represent the interest of companies offering employment and tenant background screening services. The association’s volunteer leadership positions are the cornerstone to its continued success.

Accurate Background is a PBSA Accredited Firm and has been a member of the association since its inception in 2003, proving its steadfast commitment to achieving excellence through high professional standards with accountability that results in continued institutional improvement.

Visit www.thepbsa.org to learn more about the association.

About Accurate Background

Our vision is to make every hire the start of a success story. As a trusted provider of employment background screening and workforce monitoring services, Accurate Background gives companies of all sizes the confidence to make smarter, unbiased hiring decisions at the speed of demand. Experience a new standard of support with a dedicated team, comprehensive technology and insight, and the most extensive coverage and search options to advance your business while keeping your brand and people safe. To learn more, visit accurate.com.

For more information, please contact: media@accurate.com

Dazz Cloud Security Remediation Platform Now Available on Google Cloud Marketplace

PALO ALTO, CA / ACN Newswire / September 19, 2023 / Dazz, the global leader in cloud security remediation, announced today that the Dazz Remediation Cloud is now available on Google Cloud Marketplace, enabling Google Cloud customers to easily acquire and deploy the company’s solution as part of their strategy to safely modernize development and scale cloud operations.

The Dazz platform uniquely allows customers to graph their code-to-cloud environment for visibility into the entire software development lifecycle and across all security controls. The company’s patented AI, automation, data correlation, and root cause analysis technology helps security and engineering teams rapidly discover, prioritize and fix misconfigurations, vulnerabilities, API insecurities, and secrets in code – all in a developer-friendly workflow. Since a typical enterprise has more than 70 security controls that are each capable of producing thousands of alerts daily, Dazz is a game changer for resource-constrained security teams, who can use the platform to slash the time it takes to investigate and fix issues from days to hours by eliminating manual, time-consuming processes.

“Security is top-of-mind for enterprises moving to the cloud, and we’re thrilled to be working with Google Cloud to help customers reduce the risks of modern application development,” said Merav Bahat, Dazz’s co-founder and CEO. “Security and cloud engineering teams can now easily add Dazz to their tech stack via the Google Cloud Marketplace and accelerate digital transformation knowing they will be able to rapidly and permanently fix the issues that matter most to the business.”

Since coming out of stealth in December 2021, Dazz holds the industry’s highest mileage in investigating and pinpointing root causes in hundreds of millions of security issues across dozens of customers, many in the Fortune 500. Customers experience significant business and security benefits. According to a recent IDC research paper, Dazz customers:

Spend 44% less time identifying root causes
Spend 38% less time researching issues
Are 21% quicker to fix issues

“As a part of their digital transformation strategies, many enterprises are seeking solutions that help them better identify and address security threats,” says Dai Vu, Managing Director, Cloud Marketplace & ISV GTM Programs, Google Cloud. “Now available on Google Cloud Marketplace, Dazz is helping to accelerate security cloud remediation for security and engineering teams.”

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.

Contact Information

Tamar Harel
Head of US Office, STLV
tamar@shalomtelaviv.com
+972508879311

HotelRunner Acquires PayPad in a Strategic Move Into On-Premise Sales Operations

LONDON, ENGLAND / ACN Newswire / September 19, 2023 / Founded in 2016, PayPad is a cloud-based, smart sales system designed exclusively for restaurants, hotels, and retail stores. PayPad expanded into the global market with a client base in the United Kingdom, Spain, the United States, and Türkiye. This strategic acquisition marks a significant milestone in HotelRunner’s mission to offer a comprehensive, all-in-one solution with a specific focus on the hotels’ on-premise sales and payments.

Related Images

HotelRunner Acquires PayPad in a Strategic Move into On-Premise Sales Operations

With its new and advanced identity, HotelRunner POS presents an effortless and effective way to run food and beverage operations, offering accommodation businesses a fresh avenue to enhance their revenue streams. Fully integrated with HotelRunner PMS, HotelRunner POS allows accommodations to manage their on-premise sales and payment operations with ease. Hoteliers can accept payments in multiple methods, analyze every aspect of their business, and take AI-driven, intelligent, and automated actions resulting in enhanced productivity and increased profitability. This development represents a momentous shift for HotelRunner as it delves into on-premise sales operations for the first time, highlighting its sales-first approach in the hospitality and travel technology landscape.

In January 2023, the company closed a successful Series A round and stated that the funds would be used to continue to build a solid global presence, grow the team, and invest heavily in delivering cutting-edge technology. Standing behind its commitment, over the past year, HotelRunner has achieved remarkable product launches, including Insights, Autopilot, and Review Center, all of which have been instrumental in advancing toward its goal of providing a holistic platform powered by innovative technology. This milestone marks the third acquisition in HotelRunner’s ongoing acquisition spree aimed at consolidating the industry under its roof while proudly extending its offerings to serve the diverse needs of its partners.

Arden Agopyan, Founder and Managing Partner of HotelRunner, said, “Our strategic acquisition of PayPad and the birth of HotelRunner POS aren’t merely about enhancing our product offerings; it’s a bold leap toward our vision of building a bigger travel economy. As we welcome HotelRunner POS into our expansive ecosystem as a foundational part, we solidify our presence in the payments and sales verticals in travel and hospitality. We’re proud to shape the path toward industry consolidation and usher in a transformative era, reinforcing our brand’s legacy.”

Ali Beklen, Founder and Managing Partner of HotelRunner, added, “With PayPad seamlessly integrated into the HotelRunner’s unique market-network, we’re spearheading a technology revolution that forms the cornerstone of a unified digital travel ecosystem. Beyond elevating the guest experience and optimizing operational efficiency for accommodations, this strategic move underscores the power of frictionless all-in-one platforms as the key to success. This acquisition unlocks a new untapped opportunity and sets a path to delivering unrivaled value and pioneering innovation for our partners.”

Veysel Berk, the Founder of PayPad, also shared his thoughts on the acquisition: “HotelRunner is democratizing the use of technology for every player in the global ecosystem. As both teams share the same values, culture, and product principles, we are thrilled to join forces with HotelRunner and become part of its broad vision. PayPad, revamped as HotelRunner POS, will play a pivotal role in adding exponential value to properties worldwide, ushering in a new era of advanced sales solutions in travel and hospitality.”

HotelRunner POS will be gradually rolled out worldwide to offer the best experience to all accommodation businesses, starting with existing HotelRunner partners. For more information, you can visit here.

About HotelRunner

HotelRunner is a data-driven SaaS-enabled unified sales, operations, and distribution management platform and B2B network for accommodations, travel agencies, and payment providers. HotelRunner has thousands of accommodation and travel agency partners globally. HotelRunner is a Booking.com Premier Connectivity Partner and Best Overall Performing Partner, Expedia Preferred Connectivity Partner, Airbnb Software Partner, Agoda Innovative Supplier, Oracle, Hotelbeds, trivago, and Google Hotel Ads strategic partner.

For more about HotelRunner, visit the website.

Media relations contact: media@hotelrunner.com

Contact Information

Suheyla van Taarling
Head of Brand
suheyla@hotelrunner.com
00905314010303

Anglepoint Hosts Companywide and Client Advisory Board Meetings in Las Vegas

SAN FRANCISCO, CA, Sep 12, 2023 – (ACN Newswire) – Anglepoint, the industry leader in Software Asset Management (SAM) Services for the Forbes 2000, will gather its employees and Client Advisory Board in person for a company-wide strategic offsite at the Park MGM in Las Vegas, NV.

Taking place from September 10th to 15th, Anglepoint in Motion (AIM) brings together more than 160 Anglepoint employees from 27 U.S. states and 12 countries. The week includes Masterclass style workshops and internal team meetings, in addition to providing a time to recognize peer-nominated employees for their exceptional contributions to Anglepoint's success over the past year. "AIM provides a critical opportunity for our team of experts to deepen relationships and come together to advance companywide initiatives. In the past year we have seen incredible growth and look forward to this time to celebrate our achievements and solidify our strategic goals," says Anglepoint CEO, Brian Papay.

Hosted concurrently with AIM, Anglepoint will gather the company's Client Advisory Board (CAB) for the second year in a row. CAB members are executive leaders representing a diverse array of industries fields from financial services to aerospace. Anglepoint's President and Chairman of the Board Ron Brill summarizes, "These CAB meetings provide Anglepoint with unparalleled perspective to maximize our impact with each client we serve around the world. Their first-hand expertise provides critical feedback and gives us insight into their challenges and needs. Armed with this knowledge, we can continuously evolve our best-in-class services to meet and exceed our client's ITAM maturity goals." CAB members lead in-depth discussions on industry trends, align priorities for the coming year and share their insight into how Anglepoint can continue to lead the industry.

ABOUT ANGLEPOINT

Anglepoint is the leading, global provider of IT Asset Management and cloud-managed services, driving cost optimization, risk mitigation, and operational excellence within the software, hardware & cloud licensing estates of the world's most complex organizations. We deliver end-to-end managed services, including program strategy development, technology selection, and implementation, to the Forbes Global 2000.

Contacts
For media inquiries, please contact: Alison Frederick, Analyst Relations at info@anglepoint.com.
Connect with Anglepoint on LinkedIn, Facebook, Twitter, and at Anglepoint.com.

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

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

Paessler appoints Axoft Viet Nam as the new distributor in Vietnam

KUALA LUMPUR, Sep 8, 2023 – (ACN Newswire) – Paessler, the IT monitoring expert, has appointed a new distribution partner, Axoft Viet Nam, in Vietnam to further strengthen its partner ecosystem in Southeast Asia. This new partnership will ensure the availability, performance, and security of the IT infrastructures of large enterprise clients in the country and across the APAC region.

"It is essential to Paessler that we bring a new distribution partner to serve our customer needs better in Vietnam. We are committed to investing in partnerships that enable our market growth to stay at the forefront of digital trends in APAC, allowing us to drive greater business impact for our clients. Through our partnership with Axoft Viet Nam, we continue to deepen our market engagement in sectors such as FSI, education, hospitality, manufacturing, real estate and in the domain of Small and Medium Enterprises (SMEs), as we see them as key levers for growth there" said Felix Berndt, Regional Sales Manager for Asia Pacific.

Paessler has continued to see strong growth due to the market's increased need for better IT infrastructure monitoring to reduce risk, save time, maintain business continuity, access scalability, and stay compliant and flexible to the needs of its customers. The new partnership will enable Paessler to expand into new sectors and segments as industries continue to focus on digital transformation. Paessler aims to tap into the vendor ecosystems of the region's markets as it recognizes them as key growth opportunities for infrastructure monitoring.

"We want to make it easy for businesses in Vietnam to keep their IT infrastructures available at all times while maintaining a high standard for performance, security and accessibility," continued Felix. "We are always searching for valuable partners that not only fit well with Paessler's culture but also comprise technology experts that understand our solutions and can offer enterprises within their respective regions their unique perspectives. Together, we will aid businesses in their digital transformation journey and place them on the best path of success in the new digital landscape".

Paessler aims to increase its presence and market share in the APAC region, providing digital transformation opportunities and solutions to the market. The company is committed to enabling its customers everywhere to navigate the new normal, while also providing training to end-customers with a focus on supporting its channel partners through elevated partner programs to better serve the market.

"The cooperation between Paessler and Axoft Viet Nam will be an important step to develop new distribution channels and customers in the Vietnamese market. For us, growing the market for Paessler is part of Axoft's global business strategy", said Mr. Khoa Nguyen, Country Manager for Axoft Viet Nam.

About Paessler AG

Paessler believes monitoring plays a vital part in reducing humankind's consumption of resources. Monitoring data helps its customers save resources, from optimizing their IT, OT and IoT infrastructures to reducing energy consumption or emissions – for our future and our environment. That is why Paessler offers monitoring solutions for businesses across all industries and all sizes, from SMB to large enterprises. Paessler works with renowned partners, and together they tackle the monitoring challenges of an ever-changing world.

Since 1997, when Paessler first introduced PRTG Network Monitor, it has combined its in-depth monitoring knowledge with an innovative spirit. Today, more than 500,000 users in over 170 countries rely on PRTG and other Paessler solutions to monitor their complex IT, OT and IoT infrastructures. Paessler's products empower its customers to monitor everything, and thus help them optimize their resources. Learn more about Paessler and their products at www.paessler.com

About Axoft Viet Nam

Headquartered in London, UK, Axoft Viet Nam holds expertise in distributing solutions focused on cybersecurity, IT optimization & DevSecOps. We are also the number one distributor in CIS countries and now a part of Noventiq (ex- Softline Group), one of the biggest IT corporations in emerging markets. Axoft Viet Nam is a fully channel-operated organisation with 300 employees in 25 offices across 10 countries. We partner with over 1500 vendors and 3700 channel partners to provide products & services all over the globe. Our leading vendors in Vietnam include DNSSense, Acronis, Runecast, Wallarm, Inforwatch, Aqua, Sangfor, Sundray, Google VT (Virustotal), Nsfocus, Seceon, and Phishup.

Media Contact
PRecious Communications
Paessler@preciouscomms.com
+65 6303 0567

Paessler AG
press@paessler.com
www.paessler.com

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

Driving Innovations in Technology

By Wu Yiling, Director, TAITRA Singapore

SINGAPORE, Sept 7, 2023 – (ACN Newswire) – The digital landscape is evolving at an unprecedented pace, and the convergence of emerging technologies is poised to shape the future of connectivity, communication, and business operations. Among the driving forces behind this transformation are innovations in 5G, smart telecoms, security, enterprise solutions, and Internet of Things (IoT) applications.

Understanding the emerging trends and prospects in these areas is vital for individuals and organizations alike. It provides a competitive edge by enabling businesses to embrace new technologies, differentiate themselves, and seize market opportunities more quickly and effectively. Taiwan has long been recognized as a major player in the technology industry, with a strong focus on semiconductor manufacturing, information, and communication technology (ICT), biotechnology, and other emerging sectors. Singapore, as the pioneer of nationwide 5G capabilities in the region, holds promising opportunities for collaborations and partnerships between Taiwan and Singapore. Both economies have robust ICT industries and share complementary strengths, making them natural partners for mutual growth and advancement in this sector, creating new business opportunities and addressing common challenges.

Looking towards the future, the trends in smart telecom, enterprise solutions, and IoT applications are set to catalyze transformative change in future technologies.

Smart Telecoms, Enterprise Solutions and AIoT Innovation

The transformative capabilities of 5G lie in empowering advanced applications and fostering innovation, productivity, and connectivity. In the realm of intelligent technologies, their integration has become indispensable for enhancing efficiency and optimizing performance across networks.

The contemporary trends within the sphere of smart telecommunications encompass intelligent network management, network virtualization, and the infusion of artificial intelligence into telecommunications operations. The notion of smart telecoms holds substantial potential, ushering in self-organizing networks, proactive fault detection, and personalized customer experiences. As this industry evolves, there’s an escalating requirement for comprehensive software solutions and cloud services to facilitate seamless cloud migration.

A prime example is PLANET Technology Corporation, a preeminent global supplier of IP-based networking solutions and products tailored to SMBs, enterprises, and network infrastructures supporting IoT, IIoT, and IoV applications. Their expertise ensures a high caliber of security, execution, and reliability in cross-national projects, thereby addressing the burgeoning demand for cloud migration.

On the horizon, enterprise solutions are poised to provide software and systems engineered to optimize business operations and decision-making. The present trends encompass embracing cloud-based solutions, integrating AI, and harnessing data analytics. Prospective vistas for enterprise solutions encompass intelligent automation and autonomous decision-making, cutting-edge collaboration tools and virtual workspaces, and predictive analytics fostering proactive business insights.

Additionally, the convergence of AI technologies with IoT devices is catalyzing the emergence of intelligent and autonomous capabilities. The future landscape of AIoT holds promise, envisioning cognitive IoT systems characterized by contextual comprehension, swarm intelligence, and collaborative AIoT networks. Noteworthy in this arena is EMS, a prominent player dedicated to delivering IoT smart metering solutions, aimed at aiding consumers in minimizing non-revenue water (NRW) and enhancing the efficiency of water management systems. Their focus aligns with ushering industries into the realm of AI, as evidenced by their Vision Studio—an accessible zero-code AI model development tool designed to dissolve technical barriers and broaden access to AI development.

As we navigate the digital revolution, understanding the emerging trends and prospects in 5G, smart telecom, security, enterprise solutions, and AIoT applications is key to unlocking their immense potential. These technologies have the power to revolutionize industries, drive innovation, and improve connectivity, efficiency, and security towards a prosperous and technologically driven future.

Driving Innovations in Technology

Looking towards the future, the trends in smart telecom, enterprise solutions, and IoT applications are set to catalyze transformative change in future technologies.

Smart Telecoms, Enterprise Solutions and AIoT Innovation