India Ratings upgrades Muthoottu Mini Financiers debts instruments Ratings

KOCHI, India, Aug. 31, 2021 /PRNewswire/ — Followed by the Care Ratings, India Ratings & Research has upgraded the ratings of NCD and bank loans of Muthoottu Mini Financiers’ to BBB+ Stable. Stable asset quality despite Pandemic led challenges, improved profitability backed by better operational efficiency, ample liquidity, adequate capital buffers and long track record in the gold lending sector leveraged the progress. Muthoottu Mini has upgraded its ratings twice during this fiscal despite the adversities of Covid-19.

Mathew Muthoottu, Managing Director, Muthoottu Mini Financiers, said, “The credit rating reflects the company’s ability and experience to make great strides in this challenging phase.“ He added that this is an inspiration to bring better services to more customers.

India Ratings and Research is a credit rating agency that provides accurate and up-to-date information on the credit market in India. Leading rating agency Care Ratings also upgradedMuthoottuMini Financiers’ credit rating from BBB Stable to BBB+ Stable recently.

About Muthoottu Mini Financiers Limited: (RBI Registration No: N-16.00175)

Muthoottu Mini Financiers Limited is an RBI registered non-deposit taking systemically important NBFC in the loan against gold financing sector, lending money against the pledge of household gold jewellery for over 2 decades. As on June 30, 2021 the Company had a network of 807 branches spread in the states of Kerala, Tamil Nadu, Karnataka, Andhra Pradesh, Telangana, Haryana, Maharashtra, Gujarat, Delhi and Goa and the union territory of Puducherry and employed 3,117 persons in its business operations.

Disclaimer: Muthoottu Mini Financiers Limited is subject to market conditions and other considerations, proposing a public issue of Secured and Unsecured Redeemable Non Convertible Debentures and has filed the Prospectus with the Registrar of Companies, Kerala and Lakshadweep, BSE Limited and SEBI (for record purposes). The Prospectus is available on our website at www.muthoottumini.com, on the website of the stock exchange at www.bseindia.com and the website of the Lead Manager at www.vivro.net. All investors proposing to participate in the public issue of NCDs by Muthoottu Mini Financiers Limited should invest only on the basis of information contained in the Prospectus dated August 13, 2021. Please see section entitled “Risk Factors” beginning on page 15 of the Prospectus for risk in this regard. 

LISTING: The NCDs offered through the Prospectus are proposed to be listed on the BSE Limited (“BSE”). Our Company has obtained ‘in-principle’ approval for the Issue from BSE vide its letter dated August 13, 2021. BSE shall be the Designated Stock Exchange for the Issue.

DISCLAIMER CLAUSE OF BSE: It is to be distinctly understood that the permission given by BSE should not in any way be deemed or construed that the Prospectus has been cleared or approved by BSE nor does it certify the correctness or completeness of any of the contents of the Prospectus. The investors are advised to refer to the Prospectus for the full text of the Disclaimer Clause of the BSE Limited.

DISCLAIMER CLAUSE OF RBI: The Company is having a valid Certificate of Registration dated April 13, 2002 and a Fresh Certificate of Registration dated January 1, 2014 bearing Registration No. N-16.00175 issued by the Reserve Bank of India under Section 45 IA of the Reserve Bank of India Act, 1934. However, RBI does not accept any responsibility or Guarantee about the present position as to the financial soundness of the Company or for the correctness of any of the statements or representations made or opinions expressed by the Company and for repayment of deposits/discharge of liability by the Company.

For more Information, please contact:

Anju Nair,

Concept PR

+91-8129914102

anju@conceptpr.com

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Sher-I-Kashmir Institute of Medical Sciences and Medtronic Partner to Open Surgical Skills Lab in Srinagar

Business Wire India

Sher-I-Kashmir Institute Of Medical Sciences (SKIMS) and India Medtronic Private Limited, a wholly owned subsidiary of Medtronic plc (NYSE:MDT), announced their partnership today for a new Surgical Skill Lab at SKIMS. The lab was e-inaugurated by Hon’ble Chief Secretary UT, J&K, Dr. Arun Kumar Mehta (IAS) in the presence of Director SKIMS/EOSG, Dr. A.G Ahangar, Prashant Krishnan, Sr. Director, Surgical and ENT Therapies, Medtronic India and other key dignitaries. Expanding on its commitment to address capacity and awareness barriers, the Surgical Skill Lab will help in the training and development of young surgeons in the Union Territory of Jammu and Kashmir.

Hon’ble Chief Secretary, Dr. Arun Kumar Mehta (IAS) Chief Guest on the occasion in his address said, “Lab will help students and faculty of SKIMS to train themselves on MIS in Institute only rather than travelling to outside state. SKIMS is a pioneer in producing highly skilled medicos who have made a mark at global level and appreciated SKIMS administration for making available technically advanced infrastructure to benefit students which eventually improves patient care.”

Director SKIMS/EOSG, Dr. A.G Ahangar while speaking on the occasion said, “Sher-I-Kashmir Institute of Medical Sciences, Soura, Srinagar is one of the leading Institutions in the Country in providing healthcare to the people of J&K and Ladakh. Being the largest Deemed Medical University it is continuously striving to set and maintain high standards in imparting Medical Education with highest number of Scholars/Students from across the County for undergoing their training at Postdoctoral, Postgraduate, Doctoral and Undergraduate levels.” Dr. Ahangar further added, “In order to enhance the surgical skills of Surgeons, this State-of-the-Art Skill Development Training Centre has been established with an aim of imparting Life Support Training and Teaching to Undergraduates, Postgraduates, Post Doctoral Students, Fellows and Faculty Members. The Centre will focus on courses like Basic & Advanced Surgical Skill Courses, Basic and Advanced Laparoscopic Skill Courses, Microscopic Suturing Endoscopic Training etc. I am highly thankful to Medtronic India for partnering in setting up the Skill Lab and their constant support and services they have been providing through this collaboration.”

Commenting on the inauguration, Prashant Krishnan, senior director, Surgical & ENT Therapies, Medtronic India said, “Medtronic aims to improve access to healthcare in India through training and education of young surgeons giving them greater ownership and engagement in their ongoing professional development. The surgical skills lab will enhance patient safety by providing a simulated environment where students can learn and advance their technical skills before performing procedures on a patient. Together with a premier institute like SKIMS, we aim to drive Skill India and take healthcare in J&K further, together.”
 
The Skill Lab has been developed to aid surgeons to overcome the challenging learning curve to obtain laparoscopic expertise. The partnership will focus on the following main areas:

 

• Providing training, replicating real-world environments, using state-of-the-art technology and teaching methods to enhance their skills and quickly adopt minimally invasive ways of surgery.
• Assist residents & young surgeons in honing their skills on basic and advance suturing, laparoscopy, hand-eye coordination for laparoscopy.
• Prepping future surgeons, thereby adding value to health systems across J&K to address prevalent capacity and awareness barriers along with increasing patient access to various Innovative therapies in the future.

The comprehensive surgical skills lab will feature endotrainers, laparoscopic suturing stations, airway management systems to help budding surgeons deepen their expertise in the surgical field. The skills lab aims to improve the skills of budding surgeons and provide an overall appreciation and understanding of minimally invasive surgery which in turn helps reduce burden on healthcare infrastructure with improved patient outcomes, reduced hospital stay, overall reduction in cost of hospitalization and faster recovery.
 

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BJP MLA Biswajit Das to join TMC today

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#Kolkata: The next day after returning home to Bankura MLA Tanmoy Ghosh, another heavyweight came home! Yes, according to sources, if all goes well, the Trinamool will return to Baghdad today with BJP (TMC) MLA Biswajit Das.

Earlier this year, Chief Minister Mamata Banerjee sent a New Year greeting card to Biswajit. In February, when the bell rang, Biswajit was seen facing the Chief Minister. Biswajit bowed with his hands and feet straight. That’s when the conversation about this heart started. The speculation was that Biswajit was on his way back to the grassroots.

At that time, Biswajit himself poured ghee in the speculation. In these few months, his political activism came to a standstill. Biswajit did not go to the BJP training camp. Again Amit Shah went to his area to hold a meeting but Biswajit was not seen on the stage. This is just a few days ago, when the BJP went on a municipal campaign in the fake vaccine case, Biswajit was not seen. Instead, he was chatting with Trinamool Chief Whip Nirmal Ghosh at the same time. Dilip Ghosh has completed the organizational meeting of the district, the agitated Biswajit has avoided. Seeing all this, the political circles thought that Biswajit had stepped up to join the grassroots.

According to observers, the seeds of grassroots relations with Biswajit are deeply ingrained in the BJP. Biswajit belongs to Mukul Gharana in terms of political views and path. Despite the change of party, he never publicly made bad remarks against Mamata Banerjee. Turns out, he chose the path of moderation. The affection of the Chief Minister was also unwavering towards him.

Biswajit was a member of the Trinamool Congress from its inception. Biswajit won the 2011 and 2016 assembly elections on a grassroots ticket. Biswajit joined the BJP in Delhi before the Lok Sabha polls last year. The water has rolled far, far away. But neither side allowed the relationship to be bitter. On the contrary, Biswajit’s distance with Shantanu Tagore has been maintained from the beginning. Is eternity going to be composed from that distance? The answer will be available shortly.

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Udemy Acquires CorpU to Expand Immersive Leadership Development Capabilities

Business Wire India

Udemy, a leading destination for learning and teaching online, today announced it has acquired CorpU, an online leadership development platform that delivers cohort-based immersive learning experiences and access to world-class experts. The acquisition deepens Udemy’s learning offerings with CorpU’s immersive experiences to deliver transformational learning that fosters innovation, leadership, and business agility.

 

CorpU enables global companies like CVS Health, BJ’s Wholesale Club, and Rite Aid to incorporate cohort-based learning in scalable, virtual environments with learning that can be tailored to support learners everywhere. CorpU helps foster individual and organizational growth by activating the collective intelligence of peers and the expert guidance of thought leaders from top universities including Harvard, Massachusetts Institute of Technology (MIT) Professional Education, and University of Michigan's Ross School of Business. CorpU’s leadership training harnesses the value of group learning, executive and peer coaching, and experiential learning activities that tie back to business results.

 

“We’re committed to creating new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world,” said Gregg Coccari, CEO of Udemy. “With Udemy’s real-world expert instructors and CorpU’s experienced professors and peer-to-peer learning capabilities, companies can build agility and resilience in teams to take on today’s toughest challenges. We believe that CorpU will allow Udemy to help companies go further in upskilling initiatives and deepen collaboration and leadership capabilities through immersive learning experiences.”

 

HR leaders are finding it increasingly difficult to quickly find and develop talent with the most in demand skills, yet 58% of the workforce needs new skills to get their jobs done, according to Gartner®. Gartner TalentNeuron™ data shows the total number of skills required for a single job has been increasing by 10% year-over-year since 2017.¹

 

“While leadership development is a critical business imperative, many companies struggle to effectively deliver facilitated and immersive training virtually,” said Alan Todd, Founder and General Manager, CorpU. “As a leading learning marketplace focused on innovation through online learning, Udemy is the ideal partner for CorpU. Together, we have the opportunity to help organizations everywhere prepare for the future and provide leaders with the tools, knowledge, and capabilities to propel their businesses forward. We look forward to realizing our vision for the future of leadership development with Udemy.”

 

“We believe the pandemic demonstrated the need for a new approach to workforce development,” said Greg Brown, President of Udemy Business. “As a result of this fast-paced change coupled with a shift to hybrid work environments, businesses are actively searching for the best ways to develop leaders and employees in a global, scalable, and accessible way. CorpU is a powerful addition to strengthen our Udemy Business offering for organizations by elevating leadership development capabilities and helping customers achieve critical business outcomes.”

 

With solutions to address all levels of leadership, CorpU programs offer digestible microlearning modules from premiere universities facilitated by global experts. CorpU’s AI-powered analytics, social learning capabilities, and real-world application opportunities help ensure increased engagement and improved knowledge retention.

 

“Developing leaders and new leadership skills are top priorities in every company,” said Josh Bersin, CEO of Josh Bersin Company and global industry analyst. “The combination of Udemy’s marketplace model and CorpU’s immersive training approach has the opportunity to bring a new, disruptive approach to leadership development around the world.”

 

To learn more about how Udemy and CorpU are joining together to transform leadership development, please visit here.

 

^{​​ 1}Gartner®. (2021, February 4) Gartner HR Research Finds 58% of the Workforce Will Need New Skill Sets to Do Their Jobs Successfully [Press Release].

 

Gartner Disclaimer:

 

GARTNER is registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

 

About Udemy

 

Udemy's mission is to create new possibilities for people and organizations everywhere by connecting them to the knowledge and skills they need to succeed in a changing world. The Udemy marketplace platform, with thousands of up-to-date courses in dozens of languages, provides the tools learners, instructors, and enterprises need to achieve their goals and reach their full potential. Millions of people learn on Udemy from real-world experts in topics ranging from programming and data science to leadership and team building. For companies, Udemy Business offers an employee training and development platform with subscription access to thousands of courses, learning analytics, as well as the ability to host and distribute their own content. Udemy Business customers include Apple, Glassdoor, On24, The World Bank, and Volkswagen. Udemy is privately held and headquartered in San Francisco with offices around the world. Udemy investors include Insight Partners, Prosus (Naspers Ventures), Norwest Venture Partners, Stripes, and Benesse Holdings.

 

About CorpU

 

CorpU provides online, cohort-based leadership development programs that foster collaboration, drive impact, and accelerate organizational growth. Programs are designed and facilitated by top faculty from leading universities. CorpU’s AI-powered analytics measure participant understanding, alignment, buy-in, and impact throughout all components of the learning experience. Since its founding in 1997, CorpU has delivered courses to over 16,000 cohorts, reaching over 160,000 participants around the globe. Visit www.corpu.com for more information.

 

 

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Need for a Global Market Intelligence System That Provides MSMEs an Overview of Market Positions and Policies Free of Cost – Expert

Business Wire India
India’s economic landscape is currently on the road to recovery catalysed by continuous growth and transformation of the MSME sector. It has been rightly identified by the Hon’ble Prime Minister and the Union Commerce Minister that exports will be a key pillar for India’s economic recovery and subsequent growth in a post COVID 19 landscape. Foreign Trade Policy (FTP), the basic framework of policy and strategy for promoting exports and trade, will therefore, assume paramount importance in helping lay the foundation for exports that will enable India to expand international markets for Indian products.

The existing policy caters largely to traditional, offline, and B2B exports. Increased use of B2C e-commerce exports will allow MSMEs to compete with products and services offered by foreign competitors. E-commerce has already demonstrated immense potential in enabling exporters to reach foreign customers more effectively by taking advantage of pre-established infrastructure and robust supply chain. As more consumer-facing Indian businesses go through a process of digitisation, Indian MSMEs can reap significant financial benefits and create export-driven growth. Therefore, it is important to enable a conducive policy that promotes e-commerce as a channel of exports for MSMEs and lowers entry barriers for them.

Given the unique business model of e-commerce entities, it is critical for the Foreign Trade Policy 2021-2026 to play an active role in helping local products gain access to international markets through e-commerce. In this regard, experts have put together specific suggestions that should be integrated into a specific chapter on e-commerce exports:
 

• Increase awareness around e-commerce exports
• Implement end-to-end digitization for exports related processes
• Develop specialized logistics capabilities for e-commerce exports
• Simplify compliances and regulatory requirements for e-commerce exports and
• Create long term capabilities to support the growth of e-commerce exports

FTP should create dedicated e-commerce export zones by leveraging existing Special Economic Zones (SEZs). We need to develop specialized low-cost and trackable logistics solutions by using channels like India Post, and extend benefits of schemes like Market Access Initiative (MAI) to e-commerce exporters.

Speaking on this, Dr. Aruna Sharma IAS, Former Secretary, Govt. of India, stressed, “The need of the hour is to focus on a chapter dedicated to end-to-end digitalization, increase awareness and logistic capabilities, and promote expansion opportunities for MSMEs. This will add to the growth rate of the economy and create sustainable jobs. The FTP should be revisited with the objective to develop exports. Any itch in the policy that acts as a hindrance must be removed.”
 
Smt Alka Arora, Joint Secretary, Ministry of Micro, Small and Medium Enterprises, Govt. of India was of the opinion, “The current times require a need for a global market intelligence system to provide an overview of the market positions of various countries and their policies as a way to offer free of cost information to the MSMEs. Amazon’s success is also based on the data which gives us a hint of the importance of such a platform. We are working with various councils to help MSMEs become exporters by providing them the required certifications.”

Shri Vinod Kumar, President, India SME Forum said, “MSMEs in India currently account for about half of the country’s exports while contributing to over one third of India’s GDP today. Accessibility to hassle-free cross-border trade will give small businesses the accessibility to global markets and scalability to attain exponential growth. If the country has to deliver the vision of hon’ble PM and expand the international markets for Indian products then it can happen only if we the e-commerce in the FTP. Hence it is our humble submmission.”

As India gradually moves to attain the Government of India’s vision for an Aatmanirbhar Bharat, the success of MSMEs and the sector’s contribution to exports will play a significant role in the direction of becoming an economic self-reliant country. It is, therefore, the need of the hour to re-engineer foreign trade policies for the acceleration of trade across the country.

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Adyen launches Score with GoFundMe — a machine learning tool to easily identify malicious platform users

AMSTERDAM, Aug. 31, 2021 /PRNewswire/ — Adyen (AMS: ADYEN), the global payments platform of choice for many of the world’s leading companies, today launched Score. The company is first-to-market with a machine learning driven solution on a single platform for signaling irregular activity and monitoring platform compliance. By leveraging data insights analyzing the platform merchant’s data and flagging unusual platform user behavior, Score helps Adyen’s merchants prevent misuse of the platform. As Score provides insights via a broad set of risk signals, the feature is of significant support for platform merchants’ compliance procedures. By improving effectiveness and reducing time spent on platform user security reviews, Score increases operational scalability for platforms.

Score is the newest addition to the company’s offering for platforms. GoFundMe, the global online fundraising platform, is one of Adyen’s first merchants to implement Score during the past six months.

“Score has helped us to provide the best service we can to help as many people as possible – while also ensuring our customers trust that GoFundMe is keeping them safe and protected,” said Matthew Murray, Director of Risk & Compliance at GoFundMe. “We are constantly adopting the best tools to ensure we have a full and accurate picture of our risk profile, so we were pleased to be the first to try this new Score solution.” 

“This is where tech and compliance meet – we’re very excited about the launch of Score, as we are now able to support our platform merchants in platform user fraud and integrity monitoring. Reducing risk is a top priority for platform businesses”, said Mariëtte Swart, CLCO of Adyen. “The feature puts our merchants in full control by offering a solution that never stops learning.”

For more product information on Score, see here.

About Adyen

Adyen (AMS: ADYEN) is the payments platform of choice for many of the world’s leading companies, providing a modern end-to-end infrastructure connecting directly to Visa, Mastercard, and consumers’ globally preferred payment methods. Adyen delivers frictionless payments across online, mobile, and in-store channels. With offices across the world, Adyen serves customers including Facebook, Uber, Spotify, Casper, Bonobos and L’Oréal. Adyen continuously improves and expands its product offering as part of its ordinary course of business. New products and features are announced via press releases and product updates on the company’s website.

About GoFundMe

Founded in 2010, GoFundMe is the largest global fundraising platform that empowers people to give and receive help. Since then, more than $15 billion from over 200 million donations has uplifted those with needs and dreams, while making an impact at scale. GoFundMe is building a global support system that creates an opportunity for everyone to thrive.

Logo – https://mma.prnewswire.com/media/1490851/Logo__Adyen_green_RGB_Logo.jpg

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Vifor Pharma’s Ferinject® granted new recommendations in updated 2021 ESC heart failure guidelines

Business Wire India

 

• 2021 European Society of Cardiology (ESC) guidelines for acute and chronic heart failure (HF) includes new recommendations on management of iron deficiency with Ferinject^® (ferric carboxymaltose) in patients with HF
• Periodic screening for iron deficiency and the use of Ferinject^® to reduce hospitalisation rates and improve HF symptoms are now recommended
• In addition, Veltassa^®(patiromer) is newly proposed to enable the use of renin-angiotensin aldosterone system inhibitor (RAASi) in patients with hyperkalemia

 

Regulatory News:

 

Vifor Pharma is pleased to announce that the European Society of Cardiology (ESC) included new recommendations and proposals in the 2021 ESC guidelines for the diagnosis and treatment of acute and chronic heart failure for two of their key products, Ferinject^® and Veltassa^®.

 

With regard to iron deficiency, the following new recommendations for HF patients with reduced function of the heart are added:

 

• Periodic screening for iron deficiency is recommended in all HF patients (Class I).
• Ferinject^® should be considered to reduce the risk of HF hospitalizations in symptomatic HF patients with iron deficiency (Class IIa).
• Ferinject^® should be considered before and early after discharge in patients who have been hospitalized with acute heart failure and with iron deficiency to improve HF symptoms and reduce risk of re-hospitalizations (Class IIa).

The existing recommendation to consider Ferinject^® in patients with HF and iron deficiency to alleviate HF symptoms, improve exercise capacity and quality of life remains unchanged (Class IIa designation). The results of the AFFIRM-AHF study are reflected in the update of the ESC guidelines. Ferinject^® remains the only intravenous (i.v.) iron therapy specifically mentioned in the new ESC HF guidelines.

 

The guidelines also propose that the use of potassium binder agents like Veltassa^® may allow RAAS inhibitor initiation or uptitration in a larger proportion of heart failure patients. In patients with chronic or recurrent hyperkalemia on RAAS inhibitor therapy Veltassa^®may as well be initiated to maintain the patients on guidelines recommended doses of RAAS inhibitors. The new proposals further describe the unique evidence for RAASi enabling generated by Veltassa^® through the clinical trials.

 

“We are very pleased with the new recommendations to the ESC’s guidelines in heart failure and are grateful for this development for the patients,” commented Klaus Henning Jensen, Chief Medical Officer of Vifor Pharma. “With improved diagnosis rates of iron deficiency and enabling RAASi, more patients can benefit from treatment. Reducing the risk of heart failure hospitalizations and improving symptoms are key therapeutic goals in the treatment of heart failure. We are particularly pleased by the consideration of Ferinject^® and Veltassa^® in the new treatment guidelines to achieve these therapeutic goals and believe this will enable us to further expand our role in helping heart failure patients with iron deficiency and hyperkalemia live better, healthier lives.”

 

The ESC HF guidelines aim to provide practical, evidence-based recommendations for the diagnosis and treatment of HF, thereby improving and harmonizing standards of diagnosis and treatment of cardiovascular diseases for physicians, and potentially optimizing patient care. The ESC HF guidelines are updated periodically, with the 2021 version published at the virtual ESC congress end of August 2021.

 

The 2021 ESC guidelines are published under: www.escardio.org/Guidelines

 

About Vifor Pharma Group
Vifor Pharma Group is a global pharmaceuticals company. It aims to become the global leader in iron deficiency, nephrology and cardio-renal therapies. The company is a partner of choice for pharmaceuticals and innovative patient-focused solutions. Vifor Pharma Group strives to help patients around the world with severe and chronic diseases lead better, healthier lives. The company develops, manufactures and markets pharmaceutical products for precision patient care. Vifor Pharma Group holds a leading position in all its core business activities and consists of the following companies: Vifor Pharma and Vifor Fresenius Medical Care Renal Pharma (a joint company with Fresenius Medical Care). Vifor Pharma Group is headquartered in Switzerland, and listed on the Swiss Stock Exchange (SIX Swiss Exchange, VIFN, ISIN: CH0364749348).

 

For more information, please visit viforpharma.com.

 

About AFFIRM-AHF
The AFFIRM-AHF study was a multi-center, randomized, double-blind, placebo-controlled trial, comparing the effect of intravenous ferric carboxymaltose (FCM) on hospitalizations and mortality in iron deficient patients admitted for acute heart failure. The study demonstrated that administration of Ferinject^® reduced the risk of HF hospitalizations and improved quality of life with no apparent effect on the risk of cardiovascular death.

 

About Ferinject^®
Ferinject^®/Injectafer^® (ferric carboxymaltose) is a leading i.v. iron therapy with market authorization in 84 countries by the end of June 2021. More than 16 million patient years of experience have helped to establish Ferinject^®/ Injectafer^® as a trusted brand, with clinical benefits demonstrated by its efficacy and safety data².

 

About Veltassa^®
Veltassa^® (patiromer) is a potassium binder approved for the treatment of hyperkalemia. Veltassa^® was specially designed to exchange calcium rather than sodium for potassium ions, ensuring suitability for patients who cannot tolerate even small increases in sodium. Veltassa^® should not replace emergency treatment for life-threatening hyperkalemia.

 

References:
¹ Anker, S.,D. (2018). Effects of ferric carboxymaltose on hospitalisations and mortality rates in iron-deficient heart failure patients: an individual patient meta-analysis. Eur J Heart fail. 20(1):125-133. doi: 1002/ejhf.823.
² Scott Drugs. 2018 Mar;78(4):479–493. doi: 10.1007/ s40265-018-0885-7.

 

 

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Pradeo Acclaimed by Frost & Sullivan for Offering Leading Mobile Security to Organizations with Its Pioneering AI Technology Solution Suite

Pradeo empowers organizations to consolidate their mobile security posture around a single, turnkey bundle and a coherent strategy

SANTA CLARA, Calif., Aug. 31, 2021 /PRNewswire/ — Based on its recent analysis of the mobile security market, Frost & Sullivan recognizes Pradeo with the 2021 Global Enabling Technology Leadership Award for supporting enterprise mobility with its unified, feature-rich AI services. By protecting managed and unmanaged mobile devices, its solution stack is especially valuable to organizations with bring-your-own-device (BYOD) operation models.

“A global market leader and an end-to-end service provider, Pradeo has the scale, capabilities, and technology to address a gamut of mobile security needs for organizations of all sizes,” said Vikrant Gandhi, Research Vice President for Frost & Sullivan. “Its patented AI engine is at the core of its mobile security solution and enables it to configure products quickly. Highly adaptable and applicable across business cases, Pradeo’s technology aids rapid implementation and offers long-term value across a client’s mobile security strategy.”

One of Pradeo’s leading turnkey solutions, the Secure Private Store, eliminates the possibility of third-party applications compromising individual or organizational security through the network and extending to the operating system and apps on the device. An alternative to mobile device management (MDM, EMM, UEM…) systems that are often restrictive and diminish BYOD accessibility, the Secure Private Store assists organizations and carriers with unique functions to protect their environment.

Pradeo’s solution set equips security teams with in-depth visibility into what applications do with data and controls. This solution offers flexibility to customize permissions, execute zero-touch deployments, and interoperate with major stakeholders in the mobile device management ecosystem. Pradeo recommends predefined configurations to fit small and medium businesses’ needs, so its solutions are ready-to-implement, include automation remediation, and require only light-touch administration.

“Pradeo prides itself on delivering exceptional data privacy. In addition to the app protection tools, it ensures that all of the information collected as a part of its mobile security logs is anonymized,” noted Gandhi. “Overall, its end-to-end vision, turnkey solution suite, and focus on speed of execution make it a critical partner to organizations that are looking to thrive in a distributed work environment.”

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that enhances current products and enables the development of new products and applications. The award recognizes the high market acceptance of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:


Kristen Moore

P: 210.247.3823

E: kristen.moore@frost.com

About Pradeo

Pradeo is a global mobile security leader. The company ensures the protection of all mobile usages, by offering services dedicated to securing smartphones, tablets, and mobile applications. 

Pradeo’s cutting-edge AI-based technology, Pradeo Security, is recognized as one of the most advanced mobile security technologies by Gartner, IDC, Frost & Sullivan and Forrester. It provides a reliable protection from mobile threats to prevent data leakage and reinforce compliance with data privacy regulations.  

Pradeo counts Governments, public administrations, and Fortune 500 companies among its clients. Along the years, Pradeo has developed strong relationships with enterprise mobility leaders (Microsoft, BlackBerry, IBM, Samsung, VMware…) through advanced integrations and joint solutions. 

For more details, visit www.pradeo.com, or write to:

Romain Chassere

P: 0033.631.529.782

E: romain.chassere@pradeo.com.

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Same-day Delivery Service WeFast Rebrands To Borzo And Raises $35M In Series C

MUMBAI, India, Aug. 31, 2021 /PRNewswire/ —  WeFast , the leading crowdsourced same-day delivery service operating globally, announced today that it has changed its name to Borzo to unite its businesses in 10 different countries under a single brand. As part of its growth strategy, the company also raised $35M in a Series C funding round. Its investors include Mubadala, VNV Global, RDIF, Flashpoint Venture Capital, and others. With the money raised, the company plans to strengthen its position on the international market under the Borzo brand and develop new products.

The coronavirus pandemic accelerated an already rising digital economy, shifting consumer habits and setting new behavioral trends. Delivery apps have become more important for both business owners and their customers as during and even after the coronavirus pandemic people are more likely to order home delivery. This applies not only to food, but also to different goods – despite the demand, the options for affordable, same-day delivery of goods are very limited and Borzo solves this problem for its business customers.

Borzo enables same-day delivery via any route, any transport, any weight or size, for a competitive price. All customers need to do is request a delivery on the Borzo website, in the mobile app or via its API and a trusted courier will pick up and deliver the requested item. Behind the scenes, the company applies its highly advanced algorithms to enable affordable, fast, precise delivery for the mass market – the algorithms optimize numerous parallel deliveries taking into account the geographical routes, packages’ contents, couriers and many others to ensure the feasibility of the same-day delivery. 

“We at Borzo always believed on-demand delivery will become a new normal as it’s beneficial for all parties involved and we’re glad it’s happening,” says Mike Alexandrovski, founder of Borzo. “With the new round closed we continue to move toward our goal of becoming one of the top courier delivery companies in every market we operate in. To achieve this goal we believe it’s important to ensure operational synchronicity and integrity of the company’s brand perception, and that’s why we rebranded it to Borzo.” 

Founded in 2012, Borzo provides same-day delivery to a rapidly expanding customer base of 2M users and its business has been doubling for 5 years straight. The company has operations in 10 countries including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam. Borzo has over 2.5M couriers and 2M active customers, 75% of which are small and medium-sized businesses. It fulfills over 3M orders per month, while its annual gross revenue runrate approaches $150M. Combining all of Borzo’s operations across 10 countries under the same name will help the company optimize its marketing resources and build a universally recognizable global brand. Borzo will continue developing each of its markets individually through local teams and relevant positioning to provide a scalable product to its customers.

Faris Al Mazrui, Head of Russia & CIS at Mubadala, said: “The true fundamental shift in eCommerce took place with the increasing reliability and convenience of on-demand delivery services. In Borzo, we find a team with a clear vision on the opportunity in the evolving on-demand delivery space. They have succeeded in going global; becoming competitive in 10 new international markets. We are excited to partner with Mike and Borzo as they continue on their journey.”

“As the demand for delivery services is growing and the e-commerce segment is expanding, we see a good market opportunity for Borzo – and the team is succeeding in harnessing the power of network effects to turn this opportunity into an ultimate advantage,” said Per Brilioth, CEO at VNV Global. 

About Borzo

Borzo is a global delivery service that enables intracity delivery for private customers and businesses. Deliveries range from on-demand to same-day and can be performed via any route, any transport, at any weight or size, for a competitive price. Their algorithms optimize numerous parallel deliveries taking into account the geographical routes, packages’ contents, couriers and many others to ensure the feasibility of the same-day delivery. The services are available in 10 countries including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam and are used by over 2 million customers ranging from individuals to enterprises with the main focus on SMEs. 2.5 million couriers perform more than 3 million deliveries a month through Borzo. For more information please visit borzodelivery.com

Photo : https://mma.prnewswire.com/media/1605165/CEO_Mike_Alexandrovski.jpg

Logo: https://mma.prnewswire.com/media/1605164/borzo_Logo.jpg

Contacts:

Yury Molodtsov

yury@ma.family

+1(678) 509-2216

Digant

d@wefast.in

+918655000011

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Yiche Held a Car-themed Super Party, Which Promoted the Sales of 43,900 Cars in August

Business Wire India

On August 18th, Yiche, China's famous automobile information company, held a "Super August 18th Car Carnival Night" in conjunction with a top TV station in China, and planned to launch a month-long car carnival in August to launch a large-scale car promotion activity in conjunction with Chinese mainstream car companies and car dealers.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210829005030/en/

 

Yiche held a car-themed super party, which promoted the sales of 43,900 cars in August (Photo: Business Wire)

As China's automobile market enters the traditional off-season in summer, Yiche believes that holding a festival with the theme of automobile can activate the automobile market and promote automobile consumption.

 

Over 50 famous Chinese stars, singers, bands and pianists, such as Jay Chou and Lang Lang, were invited to the two-and-a-half-hour party. Artists performed songs and dances, played piano tracks, and set up five super model shows and five star-model interactive shows simultaneously. Through the beautiful stage and XR/MR and other scientific and technological means, the evening party reflected the highlights and selling points of these models, and offered more than 150 half-price cars and hundreds of millions of red envelopes for car purchase.

 

The event was a great success, attracting more than 221 million online viewers. This evening party also became the biggest automobile marketing event in the whole automobile industry in August. According to the data, as of the end of the evening party, "Super August 18th Auto Carnival Night" attracted 43,900 auto sales orders with a cumulative turnover of 6.42 billion yuan, which greatly promoted China's auto consumption in August.

 

When talking about the original intention of holding the "Super August 18th Car Carnival Night", Liu Xiaoke, president of Yiche, expressed the hope that the whole industry would gather strength to create an opportunity for the industry to achieve both brand influence and sales effect, and open up the consumption potential of China's automobile market in August.

 

Founded in 2000, Yiche is the oldest automobile information company in China. In 2010, it was listed on NYSE. In 2020, it was acquired by Tencent, a well-known Chinese company, and became a privatized company. Hundreds of millions of Chinese users use this platform to view automobile information and buy new and used cars. Yiche also provides digital marketing solutions for Chinese car companies and car dealers.

 

 

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FirstMeridian Launches ‘BrandPulse’ Tech-enabled Trade Marketing Solutions for Retailers

BANGALORE, India, Aug. 31, 2021 /PRNewswire/ — FirstMeridian, one of India’s leading HR solutions providers, announced the launch of ‘BrandPulse’ – a trade marketing solution designed for the post-COVID retail sector. The AI-enabled platform, which was entirely designed and developed by V5 Global, a unit of FirstMeridian, helps companies optimise and track offline and online marketing campaigns with minimal effort.

Through this, a retailer can leverage the mix of innovative features that are a mix of traditional and technological advantages. By creating effective loyalty programmes, brands can increase brand loyalty, attract new customers, and expand their market reach. Brand Pulse is the perfect solution for all end-to-end market activation needs of retailers across sectors and geographies.

It also executes a comprehensive suite of retail audit solutions, including retail visibility audit, which is designed to help retailers break through to the next level of competition. From hiring merchandisers to identifying and measuring in-store space to designing, printing, onboarding merchants, and distributing retail marketing merchandise, it provides end-to-end visual merchandising services across geographies.

Speaking on the occasion, Group CEO of FirstMeridian Business Services, Sudhakar Balakrishnan said, “Retailers will be able to construct a single consumer perspective by combining browse and buy behaviours, category, brand affinity, geographical intelligence, and media activity. Our Infield app gives you total control over your processes, employees, and business results.”

“Companies can make better informed and accurate decisions with the app’s comprehensive BI (business intelligence) capabilities and analytic services. The Infield software also automates performance management while providing a realistic representation of on-the-ground deployment and line reporting of field staff,” Manmeet Singh, Deputy CEO, V5 Global, A Unit of FirstMeridian Business Services, said on the occasion of the launch.

COVID-19 had a greater impact on the retail industry, affecting everything from consumer spend to behaviour to business operations. The change requires a drastic shift in the way retailers market themselves to different audiences. BrandPulse will assist retailers in navigating these new waters by quickly integrating and delivering outstanding service and goods and increasing employee productivity and customer satisfaction.

BrandPulse, which works via an online platform and an app, helps retailers gain a competitive edge by allowing them to create interactive reports, visualise data, and update their retail processes.

To know more about Brand Pulse, log into https://v5global.com/brand-pulse/

About FirstMeridian:

FirstMeridian was formed in 2018 by renowned investors – private equity firm Samara Capital, Goldman Sachs and Hong Kong-based investment firm Janchor Partners.

Headquartered in Bangalore, FirstMeridian is a Human Resources investment platform empowered by technology and innovation, with interests in Staffing, Managed Services and HR Automation.

FirstMeridian presently employs over 95,000 people who serve 450 companies/brands from 1100+ locations across India. FirstMeridian primarily caters to businesses across industry sectors, including BFSI, E-Commerce, Telecom, IT, Consumer Durables & Electricals, Logistics, Retail, Manufacturing, Entertainment and more, extending end-to-end human capital solutions.

Website: www.firstmeridian.com  

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Masimo SafetyNet Alert™ Launches in Western Europe

Business Wire India

Masimo (NASDAQ: MASI) announced today the CE marking and launch in western Europe of Masimo SafetyNet Alert™, an arterial blood oxygen saturation monitoring and alert system designed for use at home. Masimo SafetyNet Alert features Signal Extraction Technology^® wearable fingertip pulse oximetry sensor that communicates wirelessly to an accompanying Home Medical Hub and smartphone app. Masimo SafetyNet Alert monitors blood oxygen saturation (SpO₂) and pulse rate (PR) using clinically proven Masimo SET^® Measure-through Motion and Low Perfusion™ pulse oximetry and perfusion index (Pi). The system provides escalating alerts when drops in oxygen levels are detected, designed to wake up the person suffering from opioid overdose and if they do not, to send alerts to others when help may be needed.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210829005026/en/

 

Masimo SafetyNet Alert™ (Photo: Business Wire)

Over 200 million people are monitored with Masimo SET^® pulse oximetry in hospitals each year.¹ In hospitals, continuous Masimo SET^® oxygen saturation monitoring has been shown to reduce harm associated with opioids in multiple clinical trials, including a 10-year study in which researchers at Dartmouth-Hitchcock Medical Center found that the use of Masimo SET^®-based continuous patient surveillance monitoring resulted in zero opioid-related preventable deaths or brain damage in their post-surgical wards. The researchers also found there was a reduction in rapid rescue events by 60%, a reduction in ICU transfers by 50%, and an estimated $7 million annually in cost savings.^2-4

 

Opioids are powerful painkillers, and are commonly used as part of recovery after surgery and for patients with chronic pain, but they can also slow or stop one’s breathing, potentially leading to heart attack, brain damage, and even death. In 2020 the number of drug-related deaths recorded in England and Wales rose to 4,561, the highest since records began, and around half of these involved opioids.⁵ Worldwide, that number is even worse, with an estimated more than 100,000 people dying from opioid overdose each year.⁶ Whether taking prescription or non-prescription opioids, people can suffer from the condition known as opioid-induced respiratory depression (OIRD) to varying degrees.⁶ Opioid overdose may occur while a person is particularly vulnerable, while asleep, and the risk of opioid overdose-related death is heightened for people taking opioids for the first time, those who have sleep apnea, COPD, or asthma, along with those who combine opioids with alcohol or other sedatives, amongst other factors.^6-8 By monitoring a person’s oxygen saturation level, especially while asleep, and providing escalating alerts when help may be needed, Masimo SafetyNet Alert can help identify life-threatening opioid overdose before it causes lasting harm or even death.

 

Masimo SafetyNet Alert leverages the same SET^® pulse oximetry technology and a similar notification escalation policy used in hospitals to bring hospital-proven monitoring to the home setting. The system provides escalating visual and audible alerts on the smartphone app and at the Home Medical Hub station, which are designed to alert the patient or anyone nearby to help prompt action. If oxygen levels continue to decline, designated emergency contacts, such as friends and family members, are also notified via text messages, so that they can intervene or involve Emergency Medical Services as needed.

 

Masimo SafetyNet Alert brings to the home the breakthrough Masimo SET^® pulse oximetry used in hospitals around the world. SET^® has been clinically proven to help care teams enhance patient safety and improve patient outcomes; in fact, more than 100 independent and objective studies have shown that Masimo SET^® outperforms other pulse oximetry technologies during motion and low perfusion conditions, providing clinicians with increased sensitivity and specificity to make critical care decisions.⁹

 

Dr. Mike Durkin, a Senior NHS Advisor on Patient Safety Policy and Leadership for the National Institute for Health Research (NIHR) Imperial College Patient Safety Translational Research Centre, said, “Patients recovering from surgery still need pain relief using opioid drugs after they are discharged from hospital and return home. However, these drugs have significant side-effects, particularly on the depression of breathing, which without urgent intervention can result in serious harm or death. The technology is now available to monitor the impact of opioids on breathing and it is vital that patients are given the opportunity to easily and continuously monitor their oxygen levels and vital signs while taking these medications at home. This will greatly improve the safety of patients while rehabilitating at home.”

 

Yvonne Gardner, mother of 21-year-old Parker Stewart, who died of an opioid overdose after taking only half of the prescribed dose of painkillers following a tonsillectomy, said, “I’ve had so many people call me personally and say, what would you do differently? My son needs a tonsillectomy, or my daughter is going into surgery. I tell them: make sure your doctor gives you a monitor.”

 

Joe Kiani, Founder and CEO of Masimo, said, “30 years ago, we had the dream of improving patient outcomes and reducing the cost of care by taking noninvasive monitoring to new sites and applications. Bringing our measure-through motion and low perfusion pulse oximetry to the home to monitor patients taking opioids is fulfilling that dream in a way that I could not have imagined at the time. I hope tens of thousands of lives will be saved each year from opioid overdose with the launch of Masimo SafetyNet Alert.”

 

Masimo SafetyNet Alert has not received FDA 510(k) clearance and is not available for sale in the United States.

 

@Masimo | #Masimo

 

About Masimo

 

Masimo (NASDAQ: MASI) is a global medical technology company that develops and produces a wide array of industry-leading monitoring technologies, including innovative measurements, sensors, patient monitors, and automation and connectivity solutions. Our mission is to improve patient outcomes, reduce the cost of care, and take noninvasive monitoring to new sites and applications. Masimo SET^® Measure-through Motion and Low Perfusion™ pulse oximetry, introduced in 1995, has been shown in over 100 independent and objective studies to outperform other pulse oximetry technologies.⁹ Masimo SET^® has also been shown to help clinicians reduce severe retinopathy of prematurity in neonates,¹⁰ improve CCHD screening in newborns,¹¹ and, when used for continuous monitoring with Masimo Patient SafetyNet™ in post-surgical wards, reduce rapid response team activations, ICU transfers, and costs.^2-4,12 Masimo SET^® is estimated to be used on more than 200 million patients in leading hospitals and other healthcare settings around the world,¹ and is the primary pulse oximetry at 9 of the top 10 hospitals as ranked in the 2021-22 U.S. News and World Report Best Hospitals Honor Roll.¹³ Masimo continues to refine SET^® and in 2018, announced that SpO₂ accuracy on RD SET^® sensors during conditions of motion has been significantly improved, providing clinicians with even greater confidence that the SpO₂ values they rely on accurately reflect a patient’s physiological status. In 2005, Masimo introduced rainbow^® Pulse CO-Oximetry technology, allowing noninvasive and continuous monitoring of blood constituents that previously could only be measured invasively, including total hemoglobin (SpHb^®), oxygen content (SpOC™), carboxyhemoglobin (SpCO^®), methemoglobin (SpMet^®), Pleth Variability Index (PVi^®), RPVi™ (rainbow^® PVi), and Oxygen Reserve Index (ORi™). In 2013, Masimo introduced the Root^® Patient Monitoring and Connectivity Platform, built from the ground up to be as flexible and expandable as possible to facilitate the addition of other Masimo and third-party monitoring technologies; key Masimo additions include Next Generation SedLine^® Brain Function Monitoring, O3^® Regional Oximetry, and ISA™ Capnography with NomoLine^® sampling lines. Masimo’s family of continuous and spot-check monitoring Pulse CO-Oximeters^® includes devices designed for use in a variety of clinical and non-clinical scenarios, including tetherless, wearable technology, such as Radius-7^® and Radius PPG™, portable devices like Rad-67^®, fingertip pulse oximeters like MightySat^® Rx, and devices available for use both in the hospital and at home, such as Rad-97^®. Masimo hospital automation and connectivity solutions are centered around the Masimo Hospital Automation™ platform, and include Iris^® Gateway, iSirona™, Patient SafetyNet, Replica™, Halo ION™, UniView^®, UniView :60™, and Masimo SafetyNet™. Additional information about Masimo and its products may be found at www.masimo.com. Published clinical studies on Masimo products can be found at www.masimo.com/evidence/featured-studies/feature/.

 

ORi and RPVi have not received FDA 510(k) clearance and are not available for sale in the United States. The use of the trademark Patient SafetyNet is under license from University HealthSystem Consortium.

 

References

 

1. Estimate: Masimo data on file.
2. Taenzer A et al. Postoperative Monitoring – The Dartmouth Experience. Anesthesia Patient Safety Foundation Newsletter. Spring-Summer 2012.
3. McGrath S et al. Surveillance Monitoring Management for General Care Units: Strategy, Design, and Implementation. The Joint Commission Journal on Quality and Patient Safety. 2016 Jul;42(7):293-302.
4. McGrath S et al. Inpatient Respiratory Arrest Associated With Sedative and Analgesic Medications: Impact of Continuous Monitoring on Patient Mortality and Severe Morbidity. J Patient Saf. 2020 14 Mar. DOI: 10.1097/PTS.0000000000000696.
5. Office for National Statistics. (2021) Deaths related to drug poisoning in England and Wales: 2020 registrations. Available at: https://www.ons.gov.uk/peoplepopulationandcommunity/birthsdeathsandmarriages/deaths/bulletins/deathsrelatedtodrugpoisoninginenglandandwales/2020. Last accessed August 2021.
6. Opioid Overdose. World Health Organization. https://www.who.int/news-room/fact-sheets/detail/opioid-overdose.
7. Gupta K et al. Curr Opin Anaesthesiol. 2018;31(1):110-119.
8. Subramani Y et al. Br J Anaesth. 2017;119(5):885-899.
9. Published clinical studies on pulse oximetry and the benefits of Masimo SET^® can be found on our website at http://www.masimo.com. Comparative studies include independent and objective studies which are comprised of abstracts presented at scientific meetings and peer-reviewed journal articles.
10. Castillo A et al. Prevention of Retinopathy of Prematurity in Preterm Infants through Changes in Clinical Practice and SpO₂ Technology. Acta Paediatr. 2011 Feb;100(2):188-92.
11. de-Wahl Granelli A et al. Impact of pulse oximetry screening on the detection of duct dependent congenital heart disease: a Swedish prospective screening study in 39,821 newborns. BMJ. 2009;Jan 8;338.
12. Taenzer A et al. Impact of pulse oximetry surveillance on rescue events and intensive care unit transfers: a before-and-after concurrence study. Anesthesiology. 2010:112(2):282-287.
13. http://health.usnews.com/health-care/best-hospitals/articles/best-hospitals-honor-roll-and-overview.

Forward-Looking Statements

 

This press release includes forward-looking statements as defined in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, in connection with the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, among others, statements regarding the potential effectiveness of Masimo SafetyNet Alert™. These forward-looking statements are based on current expectations about future events affecting us and are subject to risks and uncertainties, all of which are difficult to predict and many of which are beyond our control and could cause our actual results to differ materially and adversely from those expressed in our forward-looking statements as a result of various risk factors, including, but not limited to: risks related to our assumptions regarding the repeatability of clinical results; risks related to our belief that Masimo's unique noninvasive measurement technologies, including Masimo SafetyNet Alert, contribute to positive clinical outcomes and patient safety; risks related to our belief that Masimo noninvasive medical breakthroughs provide cost-effective solutions and unique advantages; risks related to COVID-19; as well as other factors discussed in the "Risk Factors" section of our most recent reports filed with the Securities and Exchange Commission ("SEC"), which may be obtained for free at the SEC's website at www.sec.gov. Although we believe that the expectations reflected in our forward-looking statements are reasonable, we do not know whether our expectations will prove correct. All forward-looking statements included in this press release are expressly qualified in their entirety by the foregoing cautionary statements. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of today's date. We do not undertake any obligation to update, amend or clarify these statements or the "Risk Factors" contained in our most recent reports filed with the SEC, whether as a result of new information, future events or otherwise, except as may be required under the applicable securities laws.

 

 

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Colt Data Centre Services to Build New 45MW Osaka Keihanna Data Centre

LONDON, Aug. 31, 2021 /PRNewswire/ — Colt Data Centre Services (Colt DCS), a leading provider of global hyperscale data centre solutions, has commenced construction of its next hyperscale data centre with a ground-breaking ceremony in Japan. This 42,000m², 45MW facility will be located in Keihanna Science City, in the Kansai area. The site will be ready to service Colt DCS customers in early 2023.

This carrier neutral and diversely connected facility will be purpose-designed to meet the scalable capacity demands of hyperscale and enterprise customers looking for large scale facilities to meet growing requirements. Following the 2011 earthquake in Japan, many companies realised the benefit of geographically dispersed sites and so there is a large demand for data centres near Osaka as an integral part of disaster recovery plans.

The facility will employ state-of-the-art cooling technologies to ensure high efficiency, while supporting Colt DCS and its clients’ sustainability targets.

The ground-breaking for this site swiftly followed the Colt DCS announcement of Fidelity’s joint venture with Mitsui to provide advanced hyperscale data centres in Japan, with potential further growth in APAC.

“Mitsui is very pleased to celebrate the ground-breaking for the first data centre project in Keihanna. Starting with this exciting project, Mitsui hopes to further strengthen our partnership with Fidelity and Colt for our JV,” commented by Shinsuke Waka, GM of Financial Business Division, from Mitsui & Co.

“There has been a surge in cloud service demand throughout Japan, all of which requires carrier-neutral network access in the region, as well as disaster recovery sites,” commented Quy Nguyen, Vice President, Global Accounts and Solutions. “Combined with the fact that the Kansai region of Japan has a population of around 22.4 million, generating enough GDP to position itself at the same level as the Top 20 countries, we expect this facility to be a key site for Colt DCS.”

“The acquisition of this site is another stake in the ground for us, demonstrating the momentum of our hyperscale strategy and cementing our foothold in APAC,” added Padraig MacColgain, Vice President, Head of APAC at Colt DCS. “This land was not originally available for purchase by a data centre operator due to Keihanna Science City being an area designated for research and development activities.  However, we received immense support from the Kyoto Prefectural authorities to help make our acquisition possible and want to thank them greatly for their support.”

About Colt DCS

Colt Data Centre Services provide true service and operational excellence in the design, build, delivery and operational management of hyperscale data centres and hybrid cloud solutions to our customers across Europe and Asia pacific.

We have over 25 years of experience in operating 26 state-of-the-art carrier neutral data centres across 18 cities, offering 24/7 security and local language support.

Our connectivity and colocation solutions allow our customers freedom to plan effectively for the growth of their business, knowing that their data centre strategy is ready for the demands of tomorrow. https://www.coltdatacentres.net/  

 

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