Press Releases

Frost & Sullivan Recognizes Voyager Labs for Its Innovative AI-based Social Behavior Analytics Solution

SANTA CLARA, Calif., Nov. 14, 2017 /PRNewswire/ — Based on its recent analysis of the Artificial Intelligence (AI)-based social behavior analytics market, Frost & Sullivan recognizes Voyager Labs with the 2017 European New Product Innovation Award for its VoyagerAnalytics solution, an AI-based expert system that offers comprehensive social behavior analytics for organizations across a wide range of sectors.

VoyagerLabs

The VoyagerAnalytics solution is ahead of competing solutions because of its versatility in catering to diverse applications across a wide range of domains. The solution’s application opportunities include investigations, compliance, due diligence, governance, insider threat detection, anti-bribery/anti-corruption, organized crime detection, and crisis management. VoyagerAnalytics comes with a simple graphical user interface (GUI) that any employee with moderate computer proficiency can use, without the need for in-depth computing and data science skills.

Other key features that make VoyagerAnalytics superior to competing solutions are its high flexibility and adaptability. Voyager Labs’ product development team has specifically focused on making the solution domain and application agnostic as well as extremely customizable to meet the needs of various sectors and applications.

VoyagerAnalytics uses a proprietary technology that leverages machine learning and deep cognitive learning algorithms that can search, aggregate, and interpret layers of unstructured data available on a wide range of public sources and then present granular insights pertinent to the social behavior of groups and individuals around topics.

“The depth of insights and inferences that VoyagerAnalytics offers clients makes it qualitatively superior to competing solutions. The solution’s AI-powered social investigatory engine presents detailed information on individual networks and their activities, behavioral trends, connections, social network dynamics, communication patterns, and frequencies,” said Kiran Kumar, Program Manager, TechVision, at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed an innovative element in a product by leveraging leading-edge technologies. This award recognizes the value-added features/benefits of the product and the increased return on investment (ROI) it provides to customers, which, in turn, raises customer acquisition and overall market penetration potential.

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
Frost & Sullivan, the Growth Partnership Company, collaborates with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, Frost & Sullivan has been developing growth strategies for the global 1000, emerging businesses, the public sector, and the investment community. Contact us: Start the discussion.

Contact:
Andrea Steinman
P: 210.477.8425
F: 210.348.1003
E: Andrea.Steinman@frost.com

 

View original content with multimedia:http://www.prnewswire.com/news-releases/frost–sullivan-recognizes-voyager-labs-for-its-innovative-ai-based-social-behavior-analytics-solution-300554081.html

SOURCE Frost & Sullivan

Scott Collins Joins Vectra as Director of North America Channels

SAN JOSE, Calif., Nov. 14, 2017 /PRNewswire/ — Vectra, the leader in automating the hunt for in-progress cyberattacks, today announced the appointment of Scott Collins as director of North America channels. Collins brings nearly two decades of channel sales and management experience building high-growth, high-margin and differentiated channel programs for several leading cybersecurity firms.

Vectra Networks, the leader in automating the hunt for in-progress cyber attacks. (PRNewsfoto/Vectra Networks)

“At Vectra, we’ve made a commitment from the beginning to embrace the channel community because they are critical to our success,” said Kevin Moore, senior vice president of worldwide field operations at Vectra. “Scott Collins has a proven track record in leading and growing successful channel programs, and I am thrilled to have him join us to spearhead our North America channel initiatives.”

In 3Q2017, Vectra experienced 294% growth in worldwide revenue compared to the same period last year. This is on the heels of 208% year-over-year growth in the prior quarter. Channel partners are a critical component of Vectra’s extraordinary growth and will continue to be a key pillar to the success of the company.

Collins is responsible for developing North American partner strategy, reseller programs and operational elements to support specialized security VARs, consultants, MSSPs and other viable routes to market. In his role, Collins will drive partner recruitment and enablement while working closely with the sales teams and sales leadership with the ultimate goal of producing incremental revenue. Leveraging his years of expertise, Collins will own full responsibility for defining vision, strategies and tactics around channel direction.

“Now more than ever, forward-thinking organizations are realizing the urgent need to detect and respond to active cyberattacks in real-time,” said Collins. “Vectra has achieved remarkable momentum, particularly within the channel, thanks to its innovative technology and Cognito™ platform. I look forward to rapidly accelerating our growth within the channel community and contributing to the continued overall success of Vectra.”

Prior to joining Vectra, Collins was vice president of Americas channels at Fidelis Cybersecurity and before that he was director of Americas channel sales at FireEye, where he built and led a team of over 30 people. Collins was also director of North America channel sales at cloud security provider Zscaler and led channel sales teams as a senior manager at IronPort Systems, which was acquired by Cisco. Collins earned his bachelor of arts degree from Texas Christian University.

About Vectra
Vectra® is transforming cybersecurity with AI. Its Cognito platform automates cyberattack detection and response from data center and cloud workloads to user and IoT devices. Cognito correlates threats, prioritizes hosts based on risk and provides rich context to empower response with existing security systems, reducing security operations workload by 168x. Vectra was named “Most Innovative Emerging Company” in the Dark Reading Best of Black Hat Awards. InformationWeek also named Vectra one of the Top 125 companies to watch in 2016. Vectra has been issued 5 U.S. patents with 14 additional patents pending for cybersecurity applications of machine learning and artificial intelligence. Vectra investors include Khosla Ventures, Accel Partners, IA Ventures, AME Cloud Ventures and DAG Ventures. The company is headquartered in San Jose, Calif. and has European regional headquarters in Zurich, Switzerland. For more information, visit https://vectra.ai

Vectra, the Vectra Networks logo and ‘Security that thinks’ are registered trademarks, and Cognito, the Vectra Threat Labs and the Threat Certainty Index are trademarks of Vectra Networks. Other brand, product and service names are trademarks, registered trademarks or service marks of their respective holders.

Media Contacts:
LEWIS Global Communications, PR for Vectra
press@vectra.ai

 

View original content with multimedia:http://www.prnewswire.com/news-releases/scott-collins-joins-vectra-as-director-of-north-america-channels-300555105.html

SOURCE Vectra

VoyagerLabs Receives Frost & Sullivan 2017 European AI-Based Social Behavior Analytics New Product Innovation Award

NEW YORK, Nov. 14, 2017 /PRNewswire/ — VoyagerLabs™, a leading artificial intelligence (AI) cognitive computing and deep learning company, today announces that it earned the Frost & Sullivan 2017 European AI-Based Social Behavior Analytics New Product Innovation Award for its VoyagerAnalytics™ product. Frost & Sullivan noted the VoyagerAnalytics solution’s strong position in the social behavior analytics and global AI markets and overall performance in awarding VoyagerLabs with the honor.

Voyager Labs

The New Product Innovation Award supports innovation and a positive change in the global marketplace by identifying outstanding achievement for consistently translating ideas into high-quality products that have a profound impact on the customer. It is based on both new product and customer impact attributes, with VoyagerAnalytics earning the highest ratings in each category.

“VoyagerLabs has successfully made its mark as one of the leading innovators in the social behavior analytics market. The VoyagerAnalytics solution’s AI-powered deep learning capability to offer granular, accurate and near real-time insights on social behavior, along with multi-dimensional analytical tools, provides the company with a significant competitive advantage,” said Kiran Kumar, Program Manager, TechVision, at Frost & Sullivan.

Avi Korenblum, Founder & CEO of VoyagerLabs, said: “We are truly honored to receive this award, which is a testament not only to the relationships we have built with our customers, but also to the outstanding teamwork and collaboration of our people. This has made it possible to achieve the exemplary results in support of our customers’ overarching business goals and objectives, and we are committed to extending and expanding that support in the future.”

Each year, Frost & Sullivan awards companies that develop leading-edge technologies by recognizing the value-added features and benefits of the product and the increased ROI delivered to customers, which, in turn, raises customer acquisition and overall market penetration potential. The awards acknowledge companies in 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 VoyagerLabs
VoyagerLabs is a leading AI and deep learning company that enables its customers to obtain near real-time insights needed to understand individuals’ behaviors, interests and intent. The company’s unparalleled ability to interpret complex layers of unstructured data and understand billions of data points, ultimately empowers customers to make wiser decisions and take actions for a more prosperous and safer world. Founded in 2012, the company has offices in New York, Washington and Israel. For more information, please visit www.voyagerlabs.co

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best-in-class positions in growth, innovation and leadership. The company’s Growth Partnership Service provides the CEO and the CEO’s Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages more than 50 years of experience in partnering with Global 1000 companies, emerging businesses, and the investment community from 45 offices on six continents. To join our Growth Partnership, please visit www.frost.com

Media Contact:

Maya Lustig, Marketing & Public Relations
VoyagerLabs
lustig@voyagerlabs.co
Cell: maya@e8storage.com +972-54-6778100

View original content:http://www.prnewswire.com/news-releases/voyagerlabs-receives-frost–sullivan-2017-european-ai-based-social-behavior-analytics-new-product-innovation-award-300555493.html

SOURCE VoyagerLabs

Employers Increasingly Demand Computer Science Skills in Non-Tech Jobs

BOSTON, Nov. 14, 2017 /PRNewswire/ — Roughly two-thirds of the highest-paying and fastest-growing jobs in fields like design and marketing now demand computer science skills, according to a new report from labor market analytics firm Burning Glass Technologies and Oracle Academy.

In roles across the job market—design, engineering and production, marketing, and data analysis—employers are requesting skills in coding and data analysis, according to the report, “Rebooting Jobs: How Computer Science Skills Spread in the Job Market.” The report, based on Burning Glass’s analysis of more than 100 million job postings between 2014-16, also examines skills in demand for programming/information technology roles as a benchmark.

“Living wage jobs in the future will require some level of computer science knowledge,” said Alison Derbenwick Miller, vice president of Oracle Academy. “This shows that computer science education is vital to future earnings, and an important equity issue.”

Key findings include:

  • Some 65% of the fastest-growing skills in the five fields examined, such as machine learning, Python, Apache Hadoop, and data visualization, are computer-science related.
  • Nearly as many (62%) of the highest-paying skills in these fields are computer-science related.
  • Yet only 18% of these positions specifically ask for a computer science degree (although most do require a bachelor’s degree).

These roles are “hybrid jobs,” that demand a mix of skills skills from different domains. Marketers, for example, increasingly rely on “big data” analytics to manage their campaigns, while an increasing number of engineers need to work with robotics and systems engineering. In some fields, such as engineering, it is common for students to take computer science classes, but in others it is not.

“Given this trend toward hybrid jobs, taking computer science courses is a wise career decision regardless of a student’s career interest,” Miller said.

The full report is available at: http://burning-glass.com/rebooting-jobs-computer-science-skills.

About Oracle Academy
As Oracle’s flagship philanthropic educational program, Oracle Academy advances computer science education globally to drive knowledge, innovation, skills development, and diversity in technology fields, offering a free and complete portfolio of software, curriculum, hosted technology, faculty trainings, support, and certification resources. Supporting more than 3.5 million students annually in 120 countries, the program works with public and private partners to provide the tools educators need to engage, inspire and prepare students to become innovators and leaders of the future. Through Oracle Academy, students receive hands-on experience with the latest technologies, helping to make them college and career ready in the era of big data, cloud computing, the Internet of Things, and beyond, please visit us at academy.oracle.com.

About Burning Glass Technologies
Burning Glass Technologies delivers job market analytics that empower employers, workers, learners, and educators to make data-driven decisions. The company’s artificial intelligence technology analyzes hundreds of millions of job postings and real-life career transitions to provide insight into labor market patterns. This real-time strategic intelligence offers crucial insights, such as which jobs are most in demand, the specific skills employers need, and the career directions that offer the highest potential for workers. Based in Boston, Burning Glass is playing a growing role in informing the global conversation on education and the workforce, and in creating a job market that works for everyone. For more information, visit burning-glass.com.

Trademarks
Oracle and Java are registered trademarks of Oracle and/or its affiliates.

View original content:http://www.prnewswire.com/news-releases/employers-increasingly-demand-computer-science-skills-in-non-tech-jobs-300555478.html

SOURCE Burning Glass Technologies

Amidst Major Growth, Skytap Announces New Cloud Integrations and Hires Microsoft Executive

SEATTLE, Nov. 14, 2017 /PRNewswire/ — Skytap, Inc., a global cloud provider, today announced Skytap Cloud integration with third-party cloud services, which will enable enterprises to select services from IBM Cloud, Amazon Web Services (AWS), and other public clouds to extend the value of traditional applications. These new capabilities will be delivered in the first half of 2018, further differentiating Skytap Cloud as a direct path for enterprises to iteratively modernize mission-critical applications without disrupting business operations.

The company also today announced it appointed Neil Holloway to its executive team as senior vice president of business development. Tapped to continue expanding Skytap’s partner ecosystem, Holloway joins the company during a period of sustained growth and momentum. Skytap’s business continues to accelerate with five of the company’s top ten customers closing this year and existing customer upgrades growing nearly 300 percent year over year (YoY) in Q3.

In search of greater agility and competitive advantage, enterprises are looking to cloud for both new and traditional applications. Hyperscale clouds are often incompatible with the complex dependencies traditional applications have to physical infrastructure, leading enterprises to use multiple clouds for different applications. According to a recent Gartner report, “Gartner’s forecast shows that public cloud IaaS will grow at a 28.6 percent compound annual growth rate (CAGR) through 2021. Also, Gartner believes that about 70 percent of cloud service segment revenue will be dominated by the top 10 public cloud providers by 2021 — it’s very likely that end-user organizations will use more than one (public) cloud in this backdrop.”[1] Skytap Cloud’s new capabilities will give customers the freedom to choose the right mix of cloud services for modernizing core business applications.

“It’s often impossible to migrate traditional applications to hyperscale clouds without rewriting them, but leaving them in the datacenter is costly, and slows innovation,” said Tim Lebel, VP of Product, Skytap. “Enterprises need a clear way forward to extend the value of their most valuable applications with cloud services, and they demand choices in how they use the cloud. We’re building a bridge between old and new — a cloud capable of supporting traditional applications with the ability to also pull in other cloud’s best services.”

Skytap Cloud integrates with third-party cloud services
In the first half of 2018, Skytap will deliver integrations with third-party cloud services, including IBM Cloud and AWS, enabling customers to easily combine traditional application components running in Skytap Cloud with services running in other public clouds. After joining a selected cloud service to the Skytap Cloud application environment with just a few button clicks, customers will be able to save this hybrid application environment as a template that references the third-party service as an extension of the core application. Teams will have the power to rapidly provision these environments on-demand to enable agile development processes and iterative architectural changes to traditional applications. 

Skytap will deliver integrations with other public clouds’ services, such as application services, cognitive capabilities, and data analytics, throughout 2018, making it easy to extend the value of traditional applications with a range of new cloud services. By combining third-party services with its own cloud’s unique environments technology, Skytap will give customers a single platform for migrating, modernizing, and managing core business applications through development, testing, delivery, and production.

“No enterprise runs on just one technology stack and each has unique challenges. Too many organizations rush to adopt cloud services before aligning those choices with their business case,” said Mark Nelson, CTO, Concur. “Successful cloud adoption starts with deeply understanding your business requirements, then selecting cloud capabilities that meet you where you are, and can take you where you want to go at the right pace for your organization.”

Skytap growth accelerates, taps Holloway to broaden ecosystem
Skytap’s strong sales growth continued in Q3 2017, while Skytap Cloud usage also surged 188 percent YoY in Q3. Skytap was recently named to Deloitte’s 2017 Technology Fast 500, with overall revenue growing more than 200 percent from 2013 to 2016.

The company is bringing in Neil Holloway to continue accelerating revenue growth through strategic partnerships. Holloway has over 30 years of leadership in building, growing, and enabling technology partner ecosystems to Skytap. Holloway has held a range of executive leadership positions, including Corporate Vice President of Microsoft Business Solutions, as well as President of Microsoft EMEA and Managing Director of Microsoft UK. Holloway was awarded an Honorary Doctorate from the University of Bath for his contributions to international business. He has a Master’s in Philosophy for Organization Research from the University of Cambridge, and a Bachelor of Science in Mathematics and Computer Science from the University of Bath.

“The cloud is beginning a new wave of adoption focused on the enterprise’s most valuable applications, many of which can’t be easily migrated to hyperscale clouds. Skytap has a differentiated offering that complements a range of other cloud technologies and system integration practices,” said Holloway. “I’m excited to join a company with a clear product-market fit and I see major opportunities for technology and channel partnerships ahead.”

Product Availability
New third-party cloud service integrations will be delivered in the first half of 2018, with more capabilities to follow throughout 2018.

Learn More
Blueworx, a leading interactive voice response (IVR) platform handling millions of calls each day, is already using Skytap Cloud and cognitive speech and language technology to modernize AIX-based applications powering its immersive customer experience services. Watch this demonstration of how Skytap Cloud can power the use of artificial intelligence for an interactive voice response application. 

[1] Gartner, “Market Trends: Multicloud Usage Will Drive Cloud Management Platform Growth,” Matthew Cheung, Laurie F. Wurster, Dennis Smith, 17 October 2017. 

About Skytap
Skytap is a global cloud provider that accelerates enterprise innovation by modernizing traditional applications with cloud-native development and services. Skytap Cloud makes it easy to build, run, and evolve these hybrid applications by rapidly migrating traditional workloads to the cloud, enabling modern development practices, and integrating new cloud architectures. We power multi- and hybrid-cloud strategies through secure connections to other clouds and on-premises datacenters. Our environments technology accelerates application development, simplifies management, and reduces IT costs, enabling hundreds of customers worldwide to modernize at the pace of their business. www.skytap.com 

Contact:
Lucas Welch
Skytap
lwelch@skytap.com 
206-850-5672

 

View original content with multimedia:http://www.prnewswire.com/news-releases/amidst-major-growth-skytap-announces-new-cloud-integrations-and-hires-microsoft-executive-300555350.html

SOURCE Skytap, Inc.

Despite Hype, Few Workers Believe Artificial Intelligence Will Threaten Their Jobs, Finds New Genpact Research

NEW YORK, Nov. 14, 2017 /PRNewswire/ — Contrary to recent headlines about an artificial intelligence (AI) apocalypse, very few workers fear AI will take away their jobs, finds a new study from Genpact, a global professional services firm focused on delivering digital transformation. The survey of more than 5,000 people from across the United States, United Kingdom, and Australia also shows a striking gap in views about AI’s impact on their current roles versus the expected impact on the future workforce.

New Genpact logo - September 2017 (PRNewsfoto/Genpact)

Only 10 percent of people surveyed strongly agree that AI threatens their jobs today; however, nearly everyone (90 percent of respondents) believes younger generations need new skills to succeed as AI becomes more prevalent in the workplace. The research underscores how businesses need to prepare their employees for AI— yet very few are doing so.

“Artificial intelligence brings a seismic shift in the future of work – making some roles obsolete and enhancing others, while at the same time, creating new jobs, and even spawning new professions,” said Sanjay Srivastava, chief digital officer, Genpact. “Our research shows that employees want and need additional skills to embrace these opportunities – and companies must respond. Businesses that will succeed in this new world will be those that ramp up fast to invest in the right AI tools and upskill their workforce.”

The global study represents a broad range of education and income groups. A little more than half of respondents (54 percent) are classified as workers, being employed at least part-time, while the remainder are students, retired, or currently unemployed. This workforce survey is the second in a three-part Genpact research series, designed to create a comprehensive view on AI adoption, readiness, and impact across three critical and disparate communities – the C-suite, the workforce, and consumers. Combined, these results give businesses valuable insights on how to succeed with artificial intelligence. The first study, published in September 2017, explores the C-suite perspective. Genpact will release its consumer findings later this year.

What, me worry?
While only 28 percent of all respondents worry about artificial intelligence’s threat on their current jobs, most (58 percent) fear AI’s impact on their children’s and future generations’ career opportunities.

A third of workers surveyed worry that they will not have the money or time for necessary retraining to help them work with AI. These fears may be valid, considering that Genpact’s study of senior management, the first in the series, reveals that nearly one in five businesses have no plans at all to reskill their employees. Only a quarter of companies currently help their employees take advantage of AI, and just a little more than a third provide reskilling to address technology disruption.

Mind the training gap
When considering new skills people think they will need, and where they will get them, few survey respondents look to advanced degrees. They cite relevant primary and secondary education in subjects that will prepare younger generations for a future AI-focused workplace as more important than higher education. In addition, almost half (45 percent) of those surveyed believe future generations will need more on-the-job training via human-machine interactions.  

Half of all respondents also cite the ability to adapt to change as the top quality necessary to succeed in an environment with an increasing AI presence. Moreover, most people value critical thinking, problem solving, and creativity over technical skills like coding, statistics, and math.

Bring on the bots?
Forty percent of all workers surveyed indicate they would be comfortable working with robots within the next three years. In contrast, Genpact’s senior management study indicates that nearly 80 percent of global companies that are AI leaders believe their employees will work comfortably with robots in the same time frame. This gap points to potential challenges for businesses to realize AI’s benefits. Still, most employees see positive impacts from AI in the workplace. They cite time savings and reduction in human errors as among top benefits, and younger generations acknowledge these advantages even more prominently.

“The big question is how to effectively encourage and adopt human-machine collaboration,” said Srivastava. “And the key is in a top-down culture that embraces AI, learning, and training at all levels, within a comprehensive change management framework.”

See The workforce: Staying ahead of artificial intelligence for more details on this study. For views from the C-suite, read the first report in the series, Is your business AI-ready?

About the Research
In August 2017, Genpact worked with research firm YouGov to survey 5,179 people (2,189 in the United States, 1,749 the United Kingdom, and 1,241 in Australia) to study how artificial intelligence impacts their personal and professional lives. Of the total survey population, 2,795 were employed at least eight hours per week. YouGov conducted the fieldwork online between August 15-30, 2017. In addition, in a separate study conducted in June 2017, Genpact and FORTUNE Knowledge Group surveyed 300 global senior executives on AI issues, and also differentiated between “AI leaders” – respondents who achieve strong positive business outcomes from AI, scoring 9 or 10 on a 10-point scale — and “AI laggards,” who scored 1 through 6 on the same scale.

About Genpact
Genpact (NYSE: G) is a global professional services firm that makes business transformation real. We drive digital-led innovation and digitally-enabled intelligent operations for our clients, guided by our experience running thousands of processes for hundreds of Global Fortune 500 companies. We think with design, dream in digital, and solve problems with data and analytics. We obsess over operations and focus on the details – all 78,000+ of us. From New York to New Delhi and more than 20 countries in between, Genpact has the end-to-end expertise to connect every dot, reimagine every process, and reinvent companies’ ways of working. We know that rethinking each step from start to finish will create better business outcomes. Whatever it is, we’ll be there with you – putting data and digital to work to create bold, lasting results – because transformation happens here. Get to know us at Genpact.com and on LinkedIn, Twitter, YouTube, and Facebook.

For more information:

Danielle D’Angelo

(Genpact Media Relations)

danielle.dangelo@genpact.com

+1 914-336-7951

 

Taylor Blackburn

(for Genpact Australia)

taylor.blackburn@haystac.com.au

+61 (0)2 8094 7637

Abby Trexler

(for Genpact U.S.)

atrexler@peppercomm.com

+1 212-931-6179 

 

Rudra Bose

(for Genpact India)

rudra.bose@bm.com

+91 9811626585

Laura Brooks

(for Genpact U.K.)

Laura.Brooks@peppercomm.com

 +44 207 680 7113

 

 

 

View original content with multimedia:http://www.prnewswire.com/news-releases/despite-hype-few-workers-believe-artificial-intelligence-will-threaten-their-jobs-finds-new-genpact-research-300555297.html

SOURCE Genpact

The International Consortium of Investigative Journalists uses Neo4j’s Native Graph Platform to Unlock Explosive 13 Million Files Paradise Papers Leak

SAN MATEO, Calif., Nov. 14, 2017 /PRNewswire/ — Today Neo4j, the market leader in connected data, announced that the International Consortium of Investigative Journalists (ICIJ) relied on Neo4j’s Native Graph Platform to analyze and understand the Paradise Papers, a massive collection of more than 13 million leaked files that outline offshore tax haven activity across the globe. This data has been added to ICIJ’s Offshore Leaks Database, built in Neo4j and visualized with Linkurious, which was also used to unravel the Panama Papers leak, released in 2016, an investigative effort that won the prestigious Pulitzer Prize for Explanatory Reporting.

 (PRNewsfoto/Neo4j)

The Paradise Papers leak is made up of more than 13.4 million files in a variety of types of data, making manual discovery and analysis unfeasible for the ICIJ and the hundreds of journalists who investigated the documents. The ICIJ had already seen success with Neo4j for its Panama Papers research – and a handful of smaller scale projects – so it turned to the Neo4j platform, once again.

“The true value of these leaked files was in the connections we could draw between data points, but finding those manually would’ve taken years and would’ve probably been impossible,” said Pierre Romera, CTO at the ICIJ. “Neo4j is critical – despite the leak’s massive size, it allows us to understand connections between all of our data – people, entities, transactions – and it helps us find the promising leads to investigate. The best investigatory journalism is a combination of smart people and smart technology, and that’s how our team is executing. This investigation would not have been possible without Neo4j.”

Investigative journalists have limited staff but exploding amounts of data to analyze and understand, which has driven demand for Neo4j’s technology, which is now used by some of the largest and most  well-respected news organizations on the planet. Aside from playing a key role in the Panama Papers and Paradise Papers, Neo4j is also used by Buzzfeed, The Guardian, NBC News, Columbia School of Journalism and The New York Times for investigative journalism and data visualization.

“The Paradise Papers is exciting for us as a company and yet another example of how Neo4j can help any industry make sense of its data, whether it’s financial, government, retail, telecom or investigative journalism,” said Emil Eifrem, CEO and co-founder of Neo4j. “The team at ICIJ is working on history making, cutting-edge research, and we’re proud that Neo4j has played such an important role in simplifying those efforts. ICIJ is the champion of “following the money” and their findings are explosive. What really impresses me is that their drive for transparency is setting the model for how governments, financial institutions and global organizations can also stop wrongdoing and fraud and maintain compliance in their own businesses.”

Neo4j is committed to empowering investigative journalists. Earlier this year, Neo4j worked with the ICIJ to launch its first “Neo4j Connected Data Fellow” earlier this year. The fellow – Manuel Villa – was involved in the Paradise Papers research. 

The revelations in linking companies, people, legal practices and financial accounts within the Paradise Papers investigation illustrate the impact of connected data once it is revealed and then navigated. Taking this concept further is easy, especially for enterprise development and IT organizations, in designing live applications that search for telltale signs while activity is happening. This is the foundation for how to use Neo4j across a variety of similar use cases including:

Connected data helps all organizations stay relevant and think ahead like a technology company. Neo4j helps over 250 global enterprises reveal and grow connections within their data, including half of the top 25 global banks, such as UBS, who recognize that the value of connected data grows both as Metcalf’s Law dictates-in relation to the square of the number of nodes involved, and in the density of connections among them.

About Neo4j, Inc.
Neo4j, Inc. is the graph company behind the #1 platform for connected data. The Neo4j graph platform helps organizations make sense of their data by revealing how people, processes and digital systems are interrelated. This connections-first approach powers intelligent applications tackling challenges such as artificial intelligence, fraud detection, real-time recommendations and master data.

The company boasts the world’s largest dedicated investment in native graph technology, has amassed more than ten million downloads, and has a huge developer community deploying graph applications around the globe. More than 250 commercial customers, including global enterprises like Walmart, Comcast, Cisco, eBay, and UBS use Neo4j to create a competitive advantage from connections in their data.

Neo4j is privately held and funded by Eight Roads Ventures (an investment arm of Fidelity International Limited), Sunstone Capital, Conor Venture Partners, Creandum, Dawn Capital and Greenbridge Investment Partners. Headquartered in San Mateo, Calif., Neo4j has regional offices in Sweden, Germany and the UK. For more information, please visit Neo4j.com and @Neo4j.

All trademarks and registered trademarks, including Neo4j® are the property of their respective owners.

View original content with multimedia:http://www.prnewswire.com/news-releases/the-international-consortium-of-investigative-journalists-uses-neo4js-native-graph-platform-to-unlock-explosive-13-million-files-paradise-papers-leak-300555204.html

SOURCE Neo4j

Inscopix and ON Semiconductor collaborate to advance brain mapping technology

PALO ALTO, Calif., Nov. 13, 2017 /PRNewswire/ — Decoding the neural language of the brain is a defining scientific challenge and opportunity of neuroscience research. To truly understand the neural basis of behavior and cognition, scientists need technologies that can map activity in brain circuits and networks during natural behaviors. Inscopix accelerates breakthroughs in neural circuit research by empowering investigators with cutting-edge neurotechnologies, powerful data analytics, and world class scientific support. Inscopix sustains its lead in miniature microscope platforms by continually incorporating the most recent innovations from Silicon Valley.  

Inscopix logo

At the Society for Neuroscience conference this week, Inscopix is introducing the third-generation of its brain mapping system, nVista, incorporating the latest image sensor technology from ON Semiconductor. ON Semiconductor’s technology is foundational to nVista’s improved imaging sensitivity, precise frame trigger capabilities, and reduction of imaging artifacts due to motion. “ON Semiconductor is proud to support Inscopix with our latest generation of world leading small pixel global shutter technology,” said Roopinder Grewal, Senior Director of Medical Business Development, Image Sensor Group at ON Semiconductor.  “This program highlights our commitment to healthcare and bioscience research where we aim to improve lives through advanced imaging solutions for medical discovery and artificial intelligence.” The collaboration of Inscopix and ON Semiconductor establishes a conduit of semiconductor innovation critical to sustaining Inscopix’s leading position in miniature microscope development and the continued advancement of neuroscience discovery.

About Inscopix
Inscopix is a discovery phase neuroscience company in Silicon Valley that is focused on advancing the mechanistic understanding of the brain at the level of neural circuits and networks. Inscopix develops miniaturized real-time brain mapping platforms that pave the way for incisive new insights into healthy brain function and for next-generation diagnostics, treatments and therapeutics for brain disorders. Inscopix was recognized as a private-sector partner of the White House BRAIN Initiative in 2014 and by the World Economic Forum as a Technology Pioneer in 2015 and Deloitte’s Technology Fast 500 in 2016.

 

View original content with multimedia:http://www.prnewswire.com/news-releases/inscopix-and-on-semiconductor-collaborate-to-advance-brain-mapping-technology-300554381.html

SOURCE Inscopix, Inc.

Leading Israeli VC Fund JVP Strengthens Management Team by Promoting Yoav Tzruya and Fiona Darmon to General Partners

JERUSALEM, November 13, 2017 /PRNewswire/ —

Jerusalem Venture Partners (“JVP”), a leading Israeli venture capital fund, announced today the promotion of Yoav Tzruya and Fiona Darmon to General Partners of the Fund and Members of the Executive Committee.

     (Photo: http://mma.prnewswire.com/media/602495/Yoav_Tzruya_Fiona_Darmon.jpg )

Yoav Tzruya, who until recently served as JVP Partner and Head of the JVP Labs in Beer Sheva, has been instrumental in leading several of JVP’s most disruptive investments in the cyber-security and Artificial Intelligence domains, including the investment in CyActive and its subsequent acquisition by Paypal, as well as several additional transactions. With his rich technological background in cyber-security, Artificial Intelligence, networking and media, Yoav has been focused on identifying and nurturing companies from inception to international expansion. A recognized industry leader, Yoav leverages his experience as an executive with various technology and startup companies, as well as in the Israeli Air Force, to the benefit of JVP’s portfolio companies.

Fiona Darmon is among the leading investment figures in the Israeli VC scene, with over 15 years’ experience in a variety of private equity and venture capital investment roles in private and public investment groups. Fiona was among the founding members of Israel’s first corporate VC, shaping numerous companies across the areas of mobile, semiconductors and media. Serving in recent years as Partner and COO of JVP, Fiona brings a unique combination of business and investment acumen to her new role, with strong strategic thinking. Among the chief orchestrators of the Fund’s strategic collaboration framework spanning China, Europe and the US, Fiona bridges between technologies and potential markets.

Erel Margalit, JVP Founder and Chairman: “In recent years, Yoav and Fiona have demonstrated exceptional skills and success in the fields they are leading in the Fund, serving as key drivers in promoting Israeli innovation and investment development, as well as scaling and building companies from seed to growth. As leader of JVP Labs, focused on our early-stage investment strategy, Yoav brings to the role proven experience and expertise in the fields of cyber-security, data analytics, AI and others. As one of Israel’s key female voices in hi-tech, Fiona has served as a major driver in leveraging the Israel innovation ecosystem globally. Together with JVP Managing Partners Kobi Rozengarten, Gadi Tirosh, Rafi Kesten and the rest of the JVP team, Yoav and Fiona have succeeded in building significant strategic ties between Israel and investors from Europe, Asia and the US, opening a gateway for Israeli technologies – bolstered even further with the recent launch of JVP Play. I have no doubt that their contribution will grow as the Fund continues to create and grow new companies focused on disrupting global markets.”

Yoav Tzruya: “Our work with JVP’s partners and CEOs from the Fund’s portfolio over the past few years has been marked with significant successes and top financial performance. This includes establishing our cyber-security hub in Beer-Sheva and teaming up with key multinationals,” said Yoav Tzruya. “I am thrilled to have the chance to continue to materialize JVP’s vision, building category leaders and establishing the foundations for next-generation innovative companies.”

Fiona Darmon: “JVP is one of the most dynamic and forward-thinking VC funds in the world today, and I am proud to have had the privilege of working closely not only with the fund’s management, but also with its investors over the years, sharing not only JVP’s achievements, but the opportunities and progress of Israeli hi-tech as a whole.”

About JVP: Jerusalem Venture Partners (“JVP”) is an internationally recognized top-quartile venture capital firm dedicated to building world-class companies, with an emphasis on emerging technologies from Israel. Established in 1993 by Dr. Erel Margalit, JVP has raised to date close to $1.2 billion across eight funds, spanning all stages of venture capital, from early through expansion-stage. With deep technological expertise and strong company-building skills, JVP has invested in and built over 120 companies over the years in Israel, Europe, Asia and the US. With a global network of strategic business partners spanning the key industries guiding our world today, JVP is renowned for creating some of the largest and most disruptive companies to emerge from Israel. JVP leverages its market expertise, experienced and dedicated team and substantial capital base to build companies with the potential to shape global markets.

For more info: Pnina Ben Ami, VP Marketing, JVP, pnina@jvpvc.com

SOURCE JVP

Seven Stars Cloud Reports Q3 2017 Results

NEW YORK, Nov. 13, 2017 /PRNewswire/ — Seven Stars Cloud Group, Inc. (NASDAQ: SSC) (“SSC” or the “Company”), announced today its Q3 2017 operating results for the period ended September 30, 2017 (a full copy of the Company’s quarterly report on Form 10-Q will also be posted at www.sec.gov).  

Conference Call: SSC’s management, including Bruno Wu (Executive Chairman & CEO), Robert G. Benya (President, Director & Chief Revenue Officer), Simon Wang (CFO) and Jason Wu (Finance Director), will host an earnings conference call at 8:00 a.m. on Monday, November 13, 2017, U.S. Eastern Time (9:00 p.m. on Monday, Beijing/Hong Kong Time).

To join the webcast, please visit the ‘Events & Presentations’ section of the SSC corporate website (http://www.sevenstarscloud.com/events), or call the toll-free dial-in number: 877-407-3107; International callers should dial: 201-493-6796.

SSC Q3 2017 OPERATING RESULTS

Revenue for Q3 2017 was $30.2 million as compared to $1.6 million for the same period in 2016, an increase of approximately $28.6 million, or 17.6x. The increase was mainly due to our new business line acquired in January 2017.  All revenues from January to the end of September of this year consisted primarily of our supply chain management business, in the consumer electronic / information & communications technology vertical.

This increase was partially offset by a decrease of our legacy YOD business in the amount of $1.6 million, as the legacy YOD business shifts to a new exclusive distribution agreement with Zhejiang Yanhua Culture Media Co., Ltd. (“Yanhua “) which was announced in Q4 2016.  As revenue generated by Yanhua did not exceed the revenue sharing threshold, no additional revenue was recorded in Q3 2017.  Year-to-Date revenue for the nine months ended September 30, 2017 was approximately $106.7 million, as compared to $4.4 million for the same period in 2016, an increase of 2338%.

Cost of revenues was approximately $28.3 million Q3 2017 as compared to $0.9 million for the same period in 2016.  Our cost of revenues increased by $27.4 million, which is in line with our increase in revenues. Our cost of revenues is primarily comprised of cost to purchase consumer electronics products from suppliers.

Gross profit ratio for Q3 2017 decreased from 45.06% to 6.45%, as the Wecast Services business, which currently is engaged mostly in lower margin consumer electronics, is still in its relative infancy and the business service offerings as well as profit sharing arrangements with a growing range of suppliers, are in transition.

Selling, general and administrative expense for Q3 2017 was $3.6 million as compared to $2.3 million for the same period in 2016, an increase of approximately $1.3 million or 56%. The majority of the increase was due to 1) the increase of our sales and marketing expense to introduce and promote our business models to various potential investors and business partners, as well as to promote Wecast Services, which was acquired in January 2017; and 2) financial advisory expenses that were paid to independent professional companies to assist the Company in contacting and negotiating with new business partners.  The Company is also continuing to focus on more cost-saving activities to reduce daily operating expenses.

Professional fees for Q3 2017 were $0.8 million as compared to $0.3 million for the same period in 2016, an increase of approximately $0.5 million. The increase in professional fees was mainly caused by legal, valuation and auditing service fees incurred in Q3 2017 in relation to the acquisitions in January 2017.  Specific to auditing, the Company incurred increased service fees charged by our external auditor for the opening audit due to our auditor change in 2017.

Loss per share for Q3 was $0.05 as compared to loss per share of $0.05 for the same period in 2016. 2017 YTD loss per share was $0.08 as compared to YTD loss per share of $0.18 in the same period in 2016.

OCASIA

On August 14, 2017, Seven Stars Cloud announced a Joint Venture Partnership (“JV Partnership) with Ocasia Group Holdings (“Ocasia”), which is engaged in a broad range of energy related activities including the trading of physical crude oil, fuel oil and refined oil products as well as the storage of oil.  Ocasia is a purchasing agent for major energy companies, including Petro China and China Petroleum & Chemical Corporation (Sinopec). 

Seven Stars Cloud today announced that:

  1. Ocasia is guaranteeing a minimum of $500 million USD worth of sales volume to the JV Partnership from December 1, 2017 until December 31, 2018.
  2. Ocasia has committed to use Seven Stars Cloud’s Digital Financial Derivatives Trading Platform, for the issuance and exchange of digital asset securities, energy index futures and other financial derivatives.

Chairman Bruno Wu stated, “Our transformation has steadily continued in Q3 as we have remained focused on business fundamentals; that is, operational integrity, controlling costs, disciplined investment, and a steady stream of strategic partnerships, all with the objective of increasing revenues and growing value.  With that in mind, YTD revenue for Seven Stars Cloud, a company aiming to become a global leader in providing next-generation Artificial-Intelligent & Fintech Powered, Supply Chain and Digital Finance Solutions, was approximately $107 million USD.  That is up 23x over the same period YTD period in 2016.  Additionally, revenues for the year thus far only reflect our supply chain management business line and do not yet reflect the other parts of our growing ecosystem such as supply chain finance, our digital financial derivatives trading platform (BBD Finance Group JV) and asset-backed securitization and tokenization (ABST). With all that being said, I am pleased to say we are still on track to reach our top line revenue guidance of $300 million USD as projected by the Company in early 2017.”

President & Chief Revenue Officer Robert Benya stated, “Today we announced more detail and financial commitments for the JV Partnership we formed with Ocasia Group Holdings back in August 2017.  This agreement, along with other already formed and future partnerships, will be the drivers that propel this Company moving forward.  The year 2017 was both a transitional and transformational year:  a transition away from the legacy business and a transformation towards being a global leader in providing next-generation Artificial-Intelligent & Fintech Powered, Supply Chain + Digital Finance Solutions.  Remarkably, through this transitional and transformational build-out year, the Company did something quite remarkable.  It produced, and will continue to produce, exponential growth on the revenue side.  From my experience, that is almost unheard of for a company to do while simultaneously going through such a complete and thorough change.  With the deep pipeline of partnership activity and business commitments that are forthcoming, I am enthusiastic to lead and be a part of such a promising and exciting endeavor.”

About Seven Stars Cloud Group, Inc. (http://corporate.sevenstarscloud.com/)

Seven Stars Cloud Group, Inc. (NASDAQ: SSC) is aiming to become a global leader in providing next-generation Artificial-Intelligent (AI) & Fintech Powered, Supply Chain + Digital Finance Solutions.  SSC’s innovative model helps businesses enhance and unlock operational and capital value from both the supply chain and real assets.  In addition, SSC offers a closed trade ecosystem for buyers and sellers designed to eliminate transactional middlemen and create a more direct and margin-expanding path for principals.  There are three engines that drive our business platform to date: 1. Intelligent Supply Chain Management; 2. Asset-Backed Securitization and Tokenization, Issuance & Trading Platform 3. Digital Index & Financial Derivatives Issuance and Trading Platform.  All three engines are supported by “ABCD” Technology & Infrastructure (A: Artificial Intelligence, B: Blockchain, C: Cloud Computing, D: Data).  

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

CONTACT:
Jason Finkelstein    
VP, Investor Relations                         
Seven Stars Cloud Group, Inc.                                 
212-206-1216
Twitter: @sevenstarscloud         

 

 

Seven Stars Cloud Group, Inc., Its Subsidiaries and Variable Interest Entities

UNAUDITED CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

Nine Months Ended

September 30,

September 30,

September 30,

September 30,

2017

2016

2017

2016

Revenue

$

30,223,638

$

1,626,844

$

106,712,428

$

4,377,034

Cost of revenue

28,273,862

893,796

100,888,964

2,609,975

Gross profit

1,949,776

733,048

5,823,464

1,767,059

Operating expenses:

       Selling, general and administrative expense

3,630,949

2,320,247

7,771,561

6,294,206

       Research and development expense

400,040

400,040

       Professional fees

831,039

326,353

1,845,590

964,290

       Depreciation and amortization

36,508

123,502

293,661

344,308

       Impairment of other intangible assets

152,847

172,064

216,468

172,064

Total operating expense

5,051,383

2,942,166

10,527,320

7,774,868

Loss from operations

 

(3,101,607)

(2,209,118)

 

(4,703,856)

 

(6,007,809)

Interest and other income (expense)

       Interest expense, net

(27,186)

(24,971)

(72,439)

(225,154)

       Change in fair value of warrant liabilities

131,357

58,220

(112,642)

201,826

       Equity in loss of equity method investees

(23,632)

17,487

(100,468)

(19,862)

       Other

(806)

(3,313)

(111,448)

(8,409)

Loss before income taxes

(3,021,874)

(2,161,695)

(5,100,853)

(6,059,408)

Income tax benefit

8,612

25,836

Net loss

(3,021,874)

(2,153,083)

(5,100,853)

(6,033,572)

Net loss (income) attributable to non-controlling interest

(22,723)

105,879

608,910

261,809

Net loss attributable to Seven Stars Cloud shareholders

$

(3,044,597)

$

(2,047,204)

$

(4,491,943)

$

(5,771,763)

Basic loss per share

$

(0.05)

$

(0.05)

$

(0.08)

$

(0.18)

Diluted loss per share

$

(0.05)

$

(0.05)

$

(0.08)

$

(0.18)

Weighted average shares outstanding:

       Basic

62,146,168

41,184,037

59,594,289

31,640,230

       Diluted

62,146,168

41,184,037

59,594,289

31,640,230

 

View original content:http://www.prnewswire.com/news-releases/seven-stars-cloud-reports-q3-2017-results-300554475.html

SOURCE Seven Stars Cloud Group, Inc.