Moveworks Announces $75M Round Led By Kleiner Perkins, ICONIQ Capital and Sapphire Ventures

MOUNTAIN VIEW, Calif., Nov. 14, 2019 /PRNewswire/ — Moveworks today announced it has raised a $75 million Series B financing round, bringing the company’s total amount raised to $105 million. New investors ICONIQ Capital, Kleiner Perkins and Sapphire Ventures led the round with participation from existing investors Lightspeed Venture Partners, Bain Capital Ventures, and Comerica Bank. The round also included a personal investment from John W. Thompson, Partner at Lightspeed Venture Partners and Chairman of Microsoft.

The new capital will be used to accelerate product innovation for Moveworks’ Natural Language Understanding (NLU) and advanced Conversational-AI technology to meet global demand for the platform for new and existing customers.

“Moveworks has become the clear market leader in IT support automation, yet in many ways the company is still in its first inning,” said Mamoon Hamid, partner, Kleiner Perkins. “I’ve been tracking Moveworks from the moment they signed their first customer and we believe it has the potential to become the main interaction model for a broader set of enterprise workflows. We’re thrilled to partner with the Moveworks team — IT support is just the start.”

Leading CIOs from some of the most recognizable enterprises in the world — including Broadcom, Western Digital, Medallia, Autodesk and Nutanix — already resolve 30-40 percent of their daily IT support issues autonomously with Moveworks’ advanced machine learning, conversational-AI and Natural Language Understanding platform.

The round of financing comes on the heels of significant momentum. Since coming out of stealth six months ago, Moveworks has added a number of new customers including Align Technology, LinkedIn, Symantec, Belkin, Stitch Fix, AppDynamics and more. The company has also achieved 300 percent year-to-year revenue growth.

“Building Moveworks over the past three years has been an exercise in discipline and focus,” said Bhavin Shah, CEO, Moveworks. “The possibilities of AI are so vast that many start-ups get trapped by the allure of solving every problem their customers present to them. We chose to focus on a single problem that’s been holding IT support back for the last 30 years: resolving IT tickets, quickly and with minimal disruption to employees’ day-to-day jobs. We focused AI on deeply understanding enterprise IT support tickets to solve this very difficult problem. And we’ve succeeded.”

Shah adds, “Instead of making machine learning our customers’ problem, we made it our job. Our system gets better with every passing day and with every new customer that comes on board. The Moveworks engineering and product teams are not only some of the best in AI, but they have also accomplished what most companies today talk about but aren’t actually doing. We’ve operationalized the modeling, training, annotation, re-training, re-factoring, algorithmic designs, and continuous deployments to ensure our systems learn and get better in real time. Very few AI companies in the Valley can do what we’re doing, and we plan to use this capital to evolve and amplify the impact of our platform.”

“I haven’t been this excited about a product, team and opportunity in a long time,” said Aditya Agrawal, Partner, ICONIQ Capital. “Moveworks is not just transforming IT operations, they are building a more modern and enlightened way to work. They’ve built a platform that simplifies and streamlines every interaction between employees and IT, enabling both to focus on what matters. I have been lucky to have had the chance to work alongside great teams to help build Facebook, Dropbox and Flipkart in a direct capacity. I am honored to have the chance to do the same with Bhavin, Vaibhav, Varun, Jiang and the rest of the Moveworks team.”

“We invest in what we believe will be companies of consequence: companies that are addressing a large market opportunity with impactful technology and world-class teams  — Moveworks has all of these elements and more,” said Rajeev Dham, Managing Director, Sapphire Ventures. “They have taken a problem space that has existed for 30 years and solved it using advanced AI. The potential for Moveworks is huge, but the excitement we heard from our CIO network and Moveworks’ customers stems from what they are already delivering. I’m looking forward to being a part of the next phase of their growth.”

ABOUT MOVEWORKS
Moveworks is the industry’s first autonomous artificial intelligence (AI) platform for IT resolution in the enterprise. To learn more visit http://www.moveworks.com

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DataCubes Raises $15.2 Million in Series B Funding Round

CHICAGO, Nov. 14, 2019 /PRNewswire/ — DataCubes, a leading underwriting decisioning platform for U.S. commercial property and casualty (P&C) insurers, today announced the close of a $15.2 million funding round led by Palm Drive Capital.

DataCubes uses machine learning and artificial intelligence to analyze a broad array of information sources, including semi-structured insurance submissions and over four billion objects in its data lake. Using these capabilities, DataCubes’ d3 Underwriting™ software platform empowers commercial insurers to optimize their underwriting workflow processes for SMB and middle market risks in all standard commercial and specialty lines of business.

This latest round of funding will support DataCubes’ investment in research and development as well as help expand the team, adding 50 new employees in 2020, to further support its growing clientele of commercial insurers, which includes The HanoverSelective InsuranceRLIColumbia Insurance GroupPenn National InsuranceTangramWCF Insurance and Synergy Coverage Solutions among dozens more that have not yet been publicly announced.

“The old way of underwriting risks is a drain on both a carrier’s resources and the customer experience it is able to provide,” said Kuldeep Malik, CEO and co-founder, DataCubes. “This round of funding will give us a boost to support the demand we are seeing from the underwriting community to fix inefficiencies and drive better expense and loss ratio results.”

The Series B funding round, which was led by Palm Drive Capital, included participation from Altos Ventures, NFP Ventures, Stage 2 Capital, MPK Equity Partners and existing investors including Seyen Capital and MK Capital. In total, DataCubes has raised nearly $18 million in less than three years.

Nick Hsu, partner at Palm Drive Capital and member of DataCubes’ board of directors added, “DataCubes’ rapid growth is a testament to the fact that there is a better way to underwrite commercial P&C risks. Carriers that continue to do business as usual, will lose out to the modern carrier who will operate faster, more accurately and at a reduced cost.”

About DataCubes

Headquartered in Schaumburg, Illinois, and founded in 2016 by Kuldeep Malik and Harish Neelamana, DataCubes is the first underwriting decisioning platform for commercial P&C underwriting. The company has revolutionized the commercial underwriting process with cutting-edge AI and data science. Commercial carriers of all sizes use DataCubes to make real-time underwriting decisions based on rich data and highly-accurate intelligence gathered by external sources to improve productivity, profitability, efficiency and accuracy. To learn more, visit www.datacubes.com.

Follow DataCubes on Twitter and LinkedIn.

About Palm Drive Capital

Palm Drive Capital is a New York-based venture capital and growth equity fund that invests in leading software and internet companies with a US focus. Since their launch in 2014, they’ve espoused the notion that innovators are everywhere. They also believe that the most successful founders are visionary and principled. Palm Drive has a unique combination of strong Silicon Valley roots and New York financial discipline. In addition to its investments on the West Coast, Palm Drive has a presence in emerging US tech centers including the Northeast, the Midwest, and the South. With backing from top entrepreneurs and institutions, Palm Drive also has an expansive and differentiated network that spans across the United States, Europe, South America and Asia. Portfolio companies include Carta, Clover Health, Rappi, Jet.com, and Boom Supersonic. For more information, please visit www.palmdrive.vc

Media Contact:

Alana Anselmi
412.913.5004
Alana.anselmi@kemperlesnik.com

 

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New Report Names Cognizant a Leader in Software Product Engineering

TEANECK, N.J., Nov. 14, 2019 /PRNewswire/ — Cognizant (Nasdaq: CTSH) has been named a Software Product Engineering Services Leader in the new Everest Group report: Software Product Engineering Services PEAK Matrix™ Assessment 2019: Engineering for the Digital World.  Everest Group assessed 25 service providers, evaluating them on capabilities including market adoption, portfolio, value, services, strategy, innovation and investments. 

Cognizant Logo (PRNewsfoto/Cognizant)

Cognizant has more than 14,000 product, design and engineering professionals around the world helping clients develop new products and experiences, transform legacy applications, and modernize their core infrastructure. In 2018, Cognizant acquired software product engineering leader, Softvision, forming a digital engineering division, Cognizant Softvision that creates impactful end-to-end digital products and solutions that connect brands with customers.

For a major communications and technology infrastructure client, Cognizant managed their application modernization project and migration to the cloud. The new environment reduced costs by a projected $13 million a year, provided an almost 10-times improvement in efficiency with the time required to deploy a change to a virtual machine reduced from about eight hours to on-demand.

In the new Everest Group report, Cognizant is named as a Leader for its:

  • Superior capabilities in solutioning as well as managing projects, particularly contracting, niche skill onboarding, and staff management.
  • Strong vertical/domain expertise.
  • Ability to incorporate Cognizant’s proprietary intellectual property and industry standard frameworks into new products and solutions for clients.

“Now more than ever, software is playing an increasingly important role in helping enterprises bring innovation across products and services. It is enabling enterprises to deliver a superior user experience as well as introduce new and intelligent products to the market,” said Akshat Vaid, Vice President, Everest Group. “Cognizant’s holistic investments across talent, solutions, ecosystem partnerships, and acquisitions in areas such as IoT and customer experience have enabled it to deliver value to its customers as well as emerge as a key player in this highly competitive market.”

“Cognizant’s digital engineering experts build some of the most engaging software products for the world’s leading companies,” said Malcolm Frank, President, Cognizant Digital Business.  “Bringing our customer experience expertise together with innovations in machine learning, artificial intelligence, cloud and Internet of Things transforms how companies conceive, develop and realize business outcomes through software.”

Learn More:

To view the Everest Group report: Software Product Engineering Services PEAK Matrix™ Assessment 2019: Engineering for the Digital World, visit: https://www.cognizant.com/Resources/software-product-engineering-services-peak-matrix-assessment-2019.pdf

Cognizant Digital Engineering: https://www.cognizant.com/cognizant-digital-business/digital-engineering

Cognizant Digital Business: https://www.cognizant.com/cognizant-digital-business

About Cognizant

Cognizant (Nasdaq-100: CTSH) is one of the world’s leading professional services companies, transforming clients’ business, operating and technology models for the digital era. Our unique industry-based, consultative approach helps clients envision, build and run more innovative and efficient businesses. Headquartered in the U.S., Cognizant is ranked 193 on the Fortune 500 and is consistently listed among the most admired companies in the world. Learn how Cognizant helps clients lead with digital at www.cognizant.com or follow us @Cognizant

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Syncron Uptime™ Accelerates Manufacturers’ Transition from After-Sales Service to Products-as-a-Service (PaaS)

STOCKHOLM, Nov. 14, 2019 /PRNewswire/ — Syncron today announced the launch of Syncron Uptime, a new solution offering that uses Machine Learning and Artificial Intelligence to efficiently analyze real-time sensor data, predict failures, prescribe optimized maintenance actions and ultimately maximize product uptime.

Servitization, which is the transformation from selling products to selling products-as-a-service, has ushered in a new generation of customers that prefers access over ownership. This increasingly popular consumption preference is driving original equipment manufacturers (OEMs) to shift from product-centric to service-centric business models.

“While servitization will enable OEMs to create more customer value and reduce cost, it will also require many to redefine the way they operate and serve their customers,” said Henrik Lenerius, Chief Product Officer at Syncron. “OEMs not only need to optimize their traditional, break-fix after-sales service operations, but also future-proof their businesses to meet the customers’ evolving consumption preferences. Subscribers expect their equipment to be up and running at all times – putting previously unseen demands on manufacturers’ service organizations. The launch of Syncron Uptime, coupled with increasing data-transfer bandwidths (5G), IoT, artificial intelligence and Machine Learning, is paving the way for OEMs to facilitate predictive and prescriptive maintenance, optimize productivity and maximize product uptime more efficiently than ever before.”

When implementing an after-sales service strategy that is centered on maximized product uptime, OEMs commonly encounter the following challenges:

  • Failure patterns: A small minority of the overall mechanical failures that contribute to unplanned downtime follow a pattern that is correlated to time and/or usage, while the overwhelming majority are random occurrences. As a result, today’s approach to preventive maintenance adds to increased total cost of ownership without effectively improving availability and uptime. The only way to improve product uptime without increasing risk, plus improving cost effectiveness, is to look for subtle symptoms and pre-cursors leading up to the point of failure.
  • Data: To overcome random, symptom-based failures, OEMs have been investing heavily in sensors and IoT, collecting massive amounts of data. However, it is impossible to manually manage or analyze this data in any beneficial way. The only solution is to leverage modern Machine Learning and Artificial Intelligence technologies – mathematical algorithms that can find the subtle patterns to provide the earliest possible indications of anomalies and failure patterns.
  • Complexity and knowledge management: Today’s manufacturers are focused on designing products that are easier and safer to operate. However, this has led to increased complexity when it comes to servicing and maintaining newer equipment. Simultaneously, the baby boomer generation is retiring and taking critical, expert knowledge with them, leaving OEMs struggling to find trained service technicians and engineers who can effectively troubleshoot and diagnose problems based on early symptoms, which can lead to a reduction in first-time fix rates.
  • Organizational siloes: Manufacturers’ organizational structures are designed for today’s product-centric approach, treating sales of products, spare parts and service as separate functions. This has led to disparate IT systems, KPIs and more. Servitization, however, requires a new way of thinking where accountability does not end after a product sale, instead continuing throughout a product’s entire lifecycle. OEMs will be contract-bound for pre-defined performance measures that carry incentives and penalties based on customer outcomes.

Syncron Uptime has been specifically designed to overcome these challenges, enabling OEMs to maximize product uptime cost effectively. Specific benefits of this new, enterprise software solution include:

  • Combining OEMs’ investments in IoT and sensor data with sophisticated Machine Learning and Artificial Intelligence to detect anomalies and predict failures, leading to optimized maintenance for every complex machine in the field and ultimately improving product uptime and maintenance costs.
  • Capturing knowledge and best practices for troubleshooting products with the earliest and smallest indications of deterioration in performance, increasing field service productivity and improving first-time fix rates.
  • Breaking down data and organizational siloes to enable coordination between operations, field service management and service parts planning, providing a single source of truth to all stakeholders.
  • Integrating predictive maintenance work requests with field service systems and Computerized Maintenance Management System (CMMS) to make the best decisions for both the business and end customers, while maximizing product uptime and improving the overall customer experience.

Lenerius continued, “This is a pivotal moment in time for manufacturers as they increasingly focus on maximizing product uptime and making new business models work. Technology will accelerate the journey to servitization and Syncron provides the solutions that evolve and scale alongside manufacturers as their needs change and mature over time. We are thrilled to launch Syncron Uptime and look forward to continuing to enable the world’s most sophisticated manufacturers on this transformation.”

To join the elite group of manufacturers that are part of the Syncron Uptime early adopters program, please visit syncron.com/uptime.

About Syncron
Syncron empowers the world’s leading manufacturers to maximize product uptime and deliver exceptional after-sales service experiences, while driving significant revenue and profit improvements. From industry leading investments in research and development, to providing the fastest time-to-value, Syncron’s award-winning, cloud-based service parts inventory, price and uptime management solutions are designed to continually exceed customer expectations. Top brands from around the world trust Syncron to transform their after-sales service operations into competitive differentiators. For more information, visit syncron.com.

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SOURCE Syncron

Global Hyperscale Datacenter Market to 2024: Steady Increase in Datacenter Traffic Coupled with Growth in Spending on Datacenter Technology

DUBLIN, Nov. 14, 2019 /PRNewswire/ — The “Hyperscale Datacenter Market – Growth, Trends, Forecast (2019 – 2024)” report has been added to ResearchAndMarkets.com’s offering.

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The hyperscale datacenter market is expected to grow at a CAGR of 24.25% over the forecast period 2019-2024

Hyperscale datacenters can be termed as a facility owned by the companies to offer cloud spaces for cloud computing and big data storage. It has at least 500 storage cabinets covering 10,000 Sq. Ft of space and has over 5,000 servers conected with an ultra-high-speed fiber network and offers with infrastructural cost to the end-user.

Over the years, there has been immense growth in the data center adoption across the industries for leveraging the power of cloud computing and adapt to the high volume of data generation. But the underutilization has been an issue in these datacenters, according to a study by James Hamilton, the power distribution and cooling systems cause 82% of the overall data center infrastructural cost. Advent to this, the underutilization of data center space cost the company with high CAPEX value. Recently, the larger-scale organizations have been emphasizing on reducing their CAPEX and OPEX, which is driving the adoption of hyperscale datacenters worldwide.

Moreover, Cisco has stated that the cloud data center traffic is expected to reach 19.5 zettabytes per year by 2021, while the traffic from the cloud will account for 95% of the overall datacenter traffic by the same year along with the increase in the big data and cloud computing across the industries. This is another significant factor fueling the hyperscale datacenter market.

However, the IT hyperscale infrastructure is very massive, which makes the traditional methods data traffic flow monitoring insufficient and are not cost-effective at the hyperscale level. Hence, the infrastructural and operational challenges for the companies is somewhere restricting the growth of the hyperscale datacenters market.

Scope of the Report

The scope of the study for hyperscale datacenter market has considered the companies offering hyperscale datacenters built by their own as well the IT hardware offering companies like IBM and Cisco offering hyperscale data centers for a wide range end-users across verticals globally.

Key Market Trends

IT & Telecommunication Industry to Hold Largest Market Share

  • IT organizations are inclining towards offering cloud-based services such as PaaS, IaaS, and SaaS to support business operations. The cloud-based services provide flexibility and ease of operations to lead the faster adoption of their offerings and are expected to grow further in the forecast period. The companies offering SaaS have been continuously making strategic partnerships with cloud providers to offer better customer offerings.
  • For instance, in April 2019, Melius Group entered into a partnership with Cobalt iron to provide its Adaptive Data Protection SaaS solution to customers in Ireland and the UK. With the partnership, the company has planned for providing SaaS with reduced cost with complying all the levels of compliance and legislation requirements.
  • Further, the increase in the number of smartphone and internet users across the world is estimated to fuel the adoption of hyperscale datacenters in the telecommunication industry. According to the World Internet Stats, the global internet users in 2018 grew by over 8% to reach 4.20 billion users from the previous year.
  • Further, the telecommunication companies are strategically making moves to offer cheaper subscription plans to gain market share. Virgin Mobile introduced its yearly subscription plan to reduce the customer’s bill by 50% by providing three-month complimentary access to Netflix content, such initiatives resulting increase in data generation and storage infrastructure requirement and are expected to drive hyperscale datacenter adoption.

North America Region to Dominate the Market

  • The overall GDP of the United States is over USD 18 trillion, in which digital economy contributes over 7.1% to it. By the end of 2018, this digital economy included over 345.66 million internet user in the country. Also, the data center industry in the region is significantly growing due to rapidly increasing IT and Telecommunication industry. According to the Cloudscene, the region consists of total 2,647 data centers, of which only 204 data centers are in Canada.
  • The companies in the region are extensively investing in AI infrastructure, which demands the need for immediate processing of the vast amount of data being acquired on a real-time basis. Also, the governments in the region are taking initiatives to adopt upcoming technologies. In February 2019, the US government announced the Artificial Intelligence Initiative to prioritize AI investments in research and development, increase access to federal data and models for that research and prepare workers to adapt to the era of AI.
  • Moreover, the US government has started the Data Center Optimization Initiative (DCOI) to deliver better services to the public while increasing return-on-investment to taxpayers by consolidating many data centers in the country. The consolidation process includes the process for building hyperscale data centers and to shut-off the underperforming ones. Till date, the government has closed over 3,215 data centers in the country.

Competitive Landscape

The market for hyperscale datacenters is highly consolidated because of the dominance by a few key companies in the market. Also, the barrier for new entrants is high due to the requirement of the high initial cost to enter into the market. These are companies that are continuously investing in making strategic partnership and acquisition to gain more market share. Some of the recent developments by the companies are listed below.

  • September 2019 – The hyperscale datacenters company AirTrunk announced the building of 20MW site in Honk Kong, China, which is expected to get completed by the end of 2020. The company mentioned that the projects are a part of its expansion plan in the Asia Pacific region.
  • September 2019 – EdgeConneX, a data center solution provider, declared a partnership with Lume to leverage its Cloud Anyware services. The partnership enables the company to accomplish goals like bringing its cloud solutions to the Edge, local and highly proximate to its enterprise customers.

Market Dynamics

Market Overview

  • Key Standards and Regulations Related to Hyperscale Datacenters

Market Drivers

  • Growing Emphasis on Reduction of CAPEX & OPEX Among Large-scale Organizations
  • Steady Increase in Datacenter Traffic Coupled with Growth in Spending on Datacenter Technology

Market Challenges

  • Infrastructural & Operational Challenges

Industry Value Chain Analysis

Industry Attractiveness – Porter’s Five Force Analysis

Companies Mentioned

  • Alibaba Group
  • Alphabet Inc.
  • Amazon Web Services, Inc.
  • Broadcom Inc
  • Cisco Systems
  • Facebook Inc.
  • Hewlett Packard Enterprise Co
  • Huawei Technologies Co.
  • IBM Corporation
  • Intel Corporation
  • Microsoft Corporation
  • Nvidia Corporation
  • Quanta Computer Inc.

For more information about this report visit https://www.researchandmarkets.com/r/a2hwrm

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com

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Linguistic Systems Achieves ISO 18587 Certification for the Quality of its Ai Translate by LSI™ Machine Translation Post-Editing Process

BOSTON, Nov. 14, 2019 /PRNewswire-PRWeb/ — Linguistic Systems, Inc. (LSI) announces that it has achieved ISO 18587 certification for the quality of its Ai Translate by LSI™ machine translation post-editing process. The certification applies to the quality of the human post-editing process and output for Ai Translate by LSI™ Statistical Machine Translation (SMT) as well as Ai-based Neural Machine Translation (NMT).

The importance of the certification is that clients of Ai Translate by LSI™ and Linguistic Systems can feel confident about the quality and clarity of machine-translated content when they opt to enhance it with human post-editing. Linguistic Systems maintains a carefully screened and certified network of 7,500 translators, and the company offers 6 quality levels to fit specific project needs and budgets. Machine translation plus human post-editing (certified by the ISO 18587 standard) is often 30-50% less than full human translation.

AI Translate by LSI™ is a unique, secure, translation services solution. The solution has nearly a decade of experience supporting more than 1,000 users and hundreds of millions of translated pages. Clients include major AmLaw 100 and other international law firms, leading eDiscovery service companies, government agencies, and Fortune 500 corporations.

Ai Translate by LSI™ includes a proprietary, secure, best-in-class, SaaS application and set of services that enable clients with a high volume of foreign language content to translate it quickly, accurately, and more affordably than using traditional methods. Ai Translate is also available as the Ai Translate Plugin™ for Relativity — serving clients of all supported versions of Relativity and RelativityOne.

Ai Translate by LSI™ includes all of the following:

  • Ability to order human translation from and to as many as 120 languages by leveraging human translation services from Linguistic System’s carefully screened and certified network of 7,500 translators;
  • 88 proprietary machine translation (MT) engines which enable machine translation and post-editing to and from 34 language pairs, and which incorporate artificial intelligence, machine learning, and direct ordering of translation;
  • 5 embedded translation quality options — ranging from the highest quality human translation plus editing to rapid inexpensive Statistical Machine Translation (SMT) or Neural Machine Translation (NMT). These options include the ability to enhance SMT and NMT with human post-editing, and all options are orderable from a single user interface or API;
  • Ability to enhance machine translation (MT) results with custom glossaries of difficult to translate proprietary industry expressions, acronyms, product names, keywords, places, personal names, and unique cultural terms;
  • Automatic free language detection as part of the translation ordering process;
  • Ability to use several translation services within the same project to optimize the quality, turnaround time, and cost associated with each content type and translation purpose;
  • Ability to secure consulting expertise and project support from Linguistic Systems’ team of translation experts, leveraging the company’s more than 50 years of deep knowledge across dozens of industries;
  • ISO 27001 Information Security Systems certification of technology and processes;
  • Additional certifications including ISO 9001 Quality Management Systems and ISO 17100 Translation Quality Management Systems.

Mark Ettinger, Vice President of Linguistic Systems, offered: “Along with our advanced Ai and machine translation technology, we’ve always viewed our human translation and post-editing quality as a core strength — even in an automated world. The ISO 18587 Certification validates that for customers.”

For more information, visit AiTranslate.com.

Linguistic Systems, Inc. “LSI” (http://www.linguist.com) is a Boston-based premier translation services company founded by Martin Roberts, Linguistic Systems CEO, in 1967. The company offers advanced machine translation technology, a network of 7,500 carefully screened translation professionals, 6 translation quality options, and 50+ years of deep language translation expertise across multiple industries.

Sales & Client Service Contact
Mark Ettinger, Vice President
mettinger@linguist.com
1 (617) 528-7444

Engineering Contact
Boris Katsevman, Vice President of Engineering
bkatsevman@linguist.com
1 (617) 528-7455

Media Contact
Harry Kelley, Director of Marketing
hkelley@linguist.com
1 (617) 528-7410

 

SOURCE Linguistic Systems

Zyter Selected As a 2019 "Fierce Innovation Awards – Telecom Edition" Winner in the "IoT" Category

ROCKVILLE, Md., Nov. 14, 2019 /PRNewswire-PRWeb/ —  Zyter, the leading provider of a complete, end-to-end digital experience platform that leverages the power of the connected enterprise, announced today it was selected as a winner in the 2019 “Fierce Innovation Awards – Telecom Edition” under the “IoT” category. The annual awards program showcases the best products, services and innovations developed within the last year across 11 different categories. This year’s award recipients highlight the best and brightest operators, service providers and vendors in the telecom industry for their commitment to next-generation business and consumer offerings.

“Zyter is honored to be recognized as one of the leading IoT platforms for the telecom industry,” said Harish Pai, senior vice president and chief technology officer at Zyter. “This award further underscores Zyter’s commitment to developing innovative technology that optimizes business productivity and security as well as customer and employee engagement for enterprises around the globe.”

Zyter’s highly secure, scalable and intelligent digital experience platform leverages the power of IoT to enable organizations to more effectively communicate and engage with end-users as well as unlock valuable insight across the enterprise. In just three short years, the platform has exceeded 12 million users with expected growth to 114 million users by 2024. The rapid success and adoption of the platform is driven by Zyter’s advanced user interface (UI) complete with easy-to-build applications and open API access, which provides customers with the tools they need to meet their specific business objectives and reflect their brand to stakeholders seamlessly.

The Fierce Innovation Awards, hosted by Questex, are intended to highlight and promote the design, development and distribution of groundbreaking solutions. The 2019 “Fierce Innovation Awards – Telecom Edition,” is a peer reviewed awards program by the publishers of FierceWireless and FierceTelecom who seek to review the most evolutionary technologies and services in the telecom industry. Finalists’ applications were reviewed by an exclusive panel of executives from major telecommunications companies including Verizon, Sprint, Telia Carrier AB, Mobile Ecosystem, Recon Analytics, iGR, Mobile Experts, Inc., and Senza Fili.

To view the full list of 2019 “Fierce Innovation Awards – Telecom Edition” winners, visit: https://fiercetelecomawards.secure-platform.com/a/page/2019-winners

About Zyter®
Zyter® is the leading provider of a complete, end-to-end digital experience platform that leverages the power of the connected enterprise to deliver superior digital experiences. Founded in 2016 by serial entrepreneur Sanjay Govil, Zyter® empowers Fortune 500 companies to unlock valuable insights across the enterprise to perfect workflow fulfillment and enable intelligent engagement. With features such as analytics, real-time location service, enterprise messaging, integrated video and audio, smart content management, scheduling and open application integration backed by military grade security, Zyter® helps enterprises across all major industries better communicate, connect and collaborate with end-users. For more information visit https://zyter.io/ and follow on Twitter @Zyter_official.

About Questex
At Questex, we are passionate about driving business outcomes. We connect buyers and sellers and help both achieve their goals. We are online, on devices and live with experiential engagements. We understand the buyer’s behavior and evolving needs and connect them with the seller through continual touchpoints. From discovery through purchase and purchase through advocacy, we supply unmatched access, insight, engagement and turnkey solutions all in one place.

 

SOURCE Zyter

AntWorks partners with SEED Group to drive adoption of Artificial Intelligence in the GCC

SINGAPORE, Nov. 14, 2019 /PRNewswire/ — AntWorks™, a global provider of artificial intelligence and intelligent automation solutions powered by fractal science, today announced an exclusive partnership with the SEED Group, a member of The Private Office of Sheikh Saeed bin Ahmed Al Maktoum. The partnership will support expansion of intelligent automation within the Middle East (ME), a region where AI is expected to become a US$320 billion by 2030.

The SEED Group establishes groundbreaking companies with a strong presence in the Gulf Cooperation Council (GCC) and will work with AntWorks to offer ethical AI solutions for GCC companies with ANTsteinTM SQUARE, the world’s first and only Integrated Automation Platform (IAP), powered by fractal science. AntWorks seek to replicate its success across Asia, the UK and US, where the organisation has automated entire business processes end-to-end for many clients across the BFSI (Banking, Financial Services and Insurance), transportation, logistics and public sector, among others.

With successful adoption of AntWorks’ IAP solution, businesses will stand to save millions and realise increased performance and efficiency by automating and processing business data, including unstructured data, which will make up 80% of the world’s data by 2025. The partnership will help the GCC become a blueprint for the AI economy in the rest of the Middle East, Turkey and Africa, especially as governments look to diversify and drive revenue from non-oil and gas sectors.

“We are deeply honored to partner with The Private Office of Sheikh Saeed bin Ahmed Al Maktoum and SEED Group expanding our reach into the Middle East,” said Asheesh Mehra, AntWorks Co-Founder and Group CEO. “We see our partnership with SEED Group as an incredible opportunity to bring AntWorks’ leading expertise in artificial intelligence to the GCC – helping the UAE’s Ministry of AI realise its 2031 Artificial Intelligence Strategy. This is a market that thrives on innovation and has taken some of the most ambitious steps in the world in adopting the use of AI across government and business as they seek to create new economic, social, and educational opportunities for citizens. We look forward to a powerful and productive relationship that will make straight-through processing a reality across the GCC.”

Hisham Al Gurg, CEO of the SEED Group, added: “We are excited to be adding AntWorks as one of our partners. Not only do we share the common goal of helping to transform this city into an advanced technology powerhouse, but also by partnering with AntWorks, we bring new discoveries and a new level of innovation and solutions that will surely unlock the full potential of technological transformations in this nation, and we look forward to the opportunity of this partnership to make this success possible.”

About AntWorks

AntWorks™ is a global artificial intelligence and intelligent automation company, creating new possibilities with data through digitisation, automation and enterprise intelligence. As the world’s first and only Integrated Automation Platform (IAP) powered by fractal science principles and pattern recognition that understands every data type, ANTstein™ SQUARE digitises every piece of information for a diverse range of industries. Visit www.ant.works to empower your enterprise by automating complex business processes end-to-end.

About SEED Group

Over the past 16 years, SEED Group has formed strategic alliances with leading global companies representing diverse regions and industries. These companies have propelled their business interests and goals in the Middle East & North Africa (MENA) region through the support and strong base of regional connections of the SEED Group. The Group’s goal is to create mutually beneficial partnerships with multinational organizations and to accelerate their sustainable market entry and presence within the MENA region. SEED Group has been a key point in the success of all its partners in the region helping them reach their target customers and accelerate their businesses. The Private Office was established by Sheikh Saeed bin Ahmed Al Maktoum to directly invest in or assist potential business opportunities in the region, which meet The Private Office’s criteria. For more information, visit www.seedgroup.com.

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Introducing Well: A Platform To Engage And Improve Employee Health

CHAPEL HILL, N.C. and NEWTON, Mass., Nov. 14, 2019 /PRNewswire/ — Well Dot, Inc. (“Well”), a company which has created a consumer platform to engage individuals in the advancement of their health, announced its formation. The Well platform applies a proprietary, AI-driven “health engine” that leverages clinical and consumer data to continuously calibrate and customize its engagement with members to help them tackle their health goals. Well is led by a team of executives with deep expertise in healthcare, consumer marketing, technology, artificial intelligence and customer engagement.

Well Logo - Blue

“We are unique in the way we are empowering and incenting individuals to engage in their health by leveraging data, technology and a high-touch delivery approach,” said Gary Loveman, Co-founder, Chairman, and Chief Executive Officer.

Well’s team of live health experts and digital experiences provide on-demand support to members to assist in the navigation of health care services, while surfacing personalized health insights. Well’s proactive engagement approach and sophisticated clinical and behavioral health tools are key parts of its member-focused experience.

“As the CEO of Caesars, it became clear to me that health plans offered to most employees are not designed to help individuals understand their health potential and truly improve their circumstances,” Loveman said. “We are now bringing a service to market that employs analytics, clinical data, medical experience and dynamic incentives to improve employee health and lower costs.” Loveman led Caesars Entertainment and its more than 70,000 employees for 13 years. Subsequent to his tenure at Caesars, Loveman was President of Consumer Health at Aetna.

The Well platform targets engagement with all employees and will initially be offered to employers to include as part of their employee benefit offerings. The company, based in Chapel Hill, North Carolina and Newton, Massachusetts, has launched its first corporate customer and is preparing to onboard several additional customers in early 2020.

“In our conversations with CEOs and Chief Human Resources Officers at large companies across the US, it is clear that there is an unmet need to help individuals engage in their health and navigate an incredibly complex healthcare system,” said David Werry, Co-founder, President and Chief Operating Officer of Well. “We believe every individual deserves access to a trusted health partner, tailored to each person’s unique needs and goals.”

Earlier this year, Well raised $25 million in a seed funding round led by experienced and strategic healthcare investors. The primary investors were General Catalyst, John Doerr, Partners from Hellman & Friedman and Mosaic Health Solutions, a division of Blue Cross and Blue Shield of North Carolina. Loveman, Werry and the leadership team also invested in the seed round.

“Corporations are seeking a world-class consumer healthcare experience for employees, giving them access to the data-driven tools they need to help achieve better outcomes for individual health goals,” said Ken Chenault, chairman and managing director, General Catalyst, and former chairman and CEO, American Express. “Gary’s leadership experience at Caesars and Aetna gives him unique insight into the positive impact serving the healthcare and wellness needs of employees has on the workforce. Leveraging the Well platform, companies are better positioned to meet these needs, resulting in a healthier workforce and cost savings to the enterprise.” 

About Well

Well is a health technology and services company with a mission to be the world’s most effective partner in the advancement of individualized health. Well serves as a trusted, personalized health guide, adding a layer of ease and empowerment to help our members reach their health goals. Our consumer health platform is the first to proactively deliver personalized health advancement at scale. We do this through concierge and engagement-based health guidance, powered by a proprietary, AI-driven “health engine.” Well is changing both the way individuals navigate health and employers realize cost savings through improved employee health and engagement. We are based in Chapel Hill, N.C. and Newton, Mass. with offices in Minneapolis and New York City. 

Learn more about Well at well.co.

Media:

media@well.co

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CohnReznick Announces the Expansion of Confluera Deployment to Cover 100% of Their Server Ecosystem

NEW YORK, Nov. 14, 2019 /PRNewswire-PRWeb/ — CohnReznick LLP, the eleventh largest public accounting firm in the United States, headquartered in New York, today announced the expansion of their Confluera deployment to cover 100% of their server ecosystem across the three segments of accounting, tax, and advisory IT infrastructure. Confluera provides state-of-the-art technology to autonomously detect and respond to cybersecurity incidents for businesses of all sizes. This expansion marks the beginning of a radically different approach to protect global enterprises from advanced attacks that are prevalent today and are going to get more complex tomorrow.

“With the success of a phased rollout and the continued improvement of the feature set, CohnReznick has committed to deploying the Confluera’s Autonomous Detection and Response platform to 100 % of our server ecosystem as a major strategy in our overall cyber security operations,” said Richard Cannici, Head of Infrastructure and Security at CohnReznick.

The Confluera platform is the industry’s first Autonomous Detection and Response platform built to deterministically detect and stop attackers navigating enterprise infrastructure. Confluera delivers infrastructure-wide cyber kill chain tracking and response by leveraging ‘Continuous Attack Graph’ to deterministically stop and remediate cyberthreats in real-time.

“We are extremely excited to extend the advanced security capabilities of our Autonomous Detection and Response platform to protect the entire server ecosystem at CohnReznick, specifically because this scale truly justifies the need for an autonomous system compared to analytics based manual investigations,” said Abhijit Ghosh, CEO of Confluera. “With this expansion, we look forward to bringing transformative cyber risk reduction and efficiency gains to large scale operations.”

About CohnRexnick, LLP
As a leading advisory, assurance, and tax firm, CohnReznick helps forward-thinking organizations achieve their vision by optimizing performance, maximizing value, and managing risk. Clients benefit from the right team with the right capabilities; proven processes customized to their individual needs; and leaders with vital industry knowledge and relationships. Headquartered in New York, NY with offices nationwide, the firm serves organizations around the world through its global subsidiaries and membership in Nexia International. For more information, visit http://www.cohnreznick.com

About Confluera Inc.
Confluera’s mission is to redefine the security paradigm by introducing autonomous detection and response capabilities to deal with modern cyberattacks. Confluera aims to turn security analysts into cyber defenders by enabling them to stop breaches in their tracks. Confluera is Co-Founded by Abhijit Ghosh, Niloy Mukherjee, and Bipul Sinha. Ghosh has a background in networking, security and real-time systems, Mukherjee’s background is in distributed computing, operational analytics, and artificial intelligence, and Sinha is the Co-Founder & CEO of Rubrik. For more information, visit http://www.confluera.com

Press Contact:
Teena Touch
Waters Communications
415-310-3125
teenat@waterscomms.com

 

SOURCE Confluera Inc.