Genpact Helps Companies Speed Digital Transformation with Diagnostic Tool that Quantifies Intelligent Automation

NEW YORK, July 31, 2017 /PRNewswire/ — Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, today announced enhancements to its intelligent automation (IA) services, with its Intelligent Automation Index, a patent-pending diagnostic tool that allows companies to quantify the automation potential of business processes.

Genpact Limited Logo.

The Intelligent Automation Index provides an algorithm-based assessment that objectively calculates automation potential, evaluating various technologies—basic robotics, machine learning, and cognitive automation—and offering indicative efficiency potential. As a result, companies have a clearer road map for their digital transformation journeys, to drive stronger business outcomes and achieve greater return on investment (ROI) through systematic planning from robotic process automation through intelligent automation using artificial intelligence.

The diagnostic tool leverages Genpact’s deep domain expertise, which has helped clients automate more than 750 different type of processes at hundreds of companies around the world, resulting in an average 44 percent increase in productivity by significantly reducing cycle times.

“There is much hype about robotic process automation, intelligent automation, and artificial intelligence, leaving many companies unsure of where to start, and what ROI they will achieve,” said Shantanu Ghosh, senior vice president and global head of CFO Services and Consulting, Genpact. “Our expertise in driving process transformation through automation, combined with our extensive industry knowledge, provides a quantifiable framework to guide automation strategically, and helps our clients future-proof their business and protect technology investments.”

Using numerous parameters that Genpact has identified which significantly influence the potential for intelligent automation, the diagnostic tool assigns values to companies’ processes, as well as sub-processes, and provides user-friendly heatmaps, dashboards, and detailed reports, driving more effective planning of digital transformation strategies.

Genpact is an industry leader in intelligent automation, as evidenced by its placement in two recent analyst and research firms’ reports: the winner’s circle of HfS Research’s 2016 Blueprint Report on Intelligent Automation, and a leader in Zinnov Zones for Robotic Automation Services 2017.

Genpact’s IA capabilities are part of its ongoing strategy to drive digital-led innovation and digitally-enabled intelligent operations for clients around the world. For more information on Genpact’s Intelligent Automation Index, see

About Genpact
Genpact (NYSE: G) is a global professional services firm focused on delivering digital transformation for our clients, putting digital and data to work to create competitive advantage. We do this by integrating lean principles, design thinking, analytics and digital technologies with our domain and industry expertise to deliver disruptive business outcomes – an approach we call Lean DigitalSM. We deliver value to our clients in two ways – through digital-led, domain-enabled solutions that drive innovation, and through intelligent operations enabled by digital that design, transform and run clients’ operations. Our approach is continually refined in one of the world’s largest digital process sandboxes, where we test and improve thousands of processes. For two decades, first as a General Electric division and since 2005 as an independent company, we have been passionately serving our clients. We generate impact for clients from the Fortune Global 500 and beyond, and employ over 77,000 people in more than 20 countries, with key offices in New York City, Palo Alto, London, and Delhi. For additional information, visit Follow Genpact on LinkedIn, Twitter, YouTube, and Facebook.

For more information:

Danielle D’Angelo

(Genpact Media Relations)

+1 914-336-7951

Abby Trexler

(for Genpact U.S.)

+1 212-931-6179 

Mark Pinnes

(for Genpact U.K.)

 +44 20 7680 7121

Rudra Bose

(for Genpact India)

+91 9811626585


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Kika Now The Exclusive Mobile App Keyboard For Real Madrid C.F.

Customized Keyboard Themes and Stickers Are Now Available on the Real Madrid Kika Keyboard

SAN JOSE, Calif., July 31, 2017 /PRNewswire/ — Be Awesome! Be Madridista with Kika Tech! Kika, a leader in mobile communications, today announced that it will be the exclusive provider of the Real Madrid Kika Keyboard. Through the collaboration, Kika will be offering Real Madrid fans a new way to express themselves through a collection of sticker packs and customized keyboard themes. Celebrate a win with your friends by sending them customized stickers of Real Madrid players like Ronaldo or Bale, bringing your text game to a whole new level.

“The Real Madrid Kika Keyboard is a great opportunity for Real Madrid to create even more engagement between the club and our 500 million fans worldwide,” said Rafa de los Santos Navarros, Global Digital Director, Real Madrid.

Kika’s mission is to provide users with a seamless mobile experience that allows them to freely express their ideas. The Kika ecosystem includes its award-winning, Kika Emoji Keyboard app, which has received Google’s Best of 2016 and Top Developer in 2015. Kika partnerships include Huawei, ZTE, 21st Century Fox and Warner Bros., amongst others. Kika has also been ranked a top productivity app in more than 77 countries. With 300M downloads, 26M DAU and 50M MAU, it’s not surprising that leading mobile manufacturers and movie studios partner with the company.

“There are over 26 million people using Kika everyday,” said Bill Hu, Co-Founder and CEO, Kika Tech. “With the Real Madrid Kika Keyboard, the team has a new way to connect with its fans and Madridistas have a new way to connect with each other.”

About Kika Tech

Say it with Kika! Make everyday interactions more engaging and fun with Kika. Integrating into smart devices, Kika enhances self-expression that goes beyond mobile platforms. By leveraging artificial intelligence (AI), Kika enriches the emotional connection between individuals, in this technology driven world. Keep up to date with Kika on FacebookLinkedInInstagram, and Twitter.

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Jeremy Brecher Appointed Chief Technology Officer Of Securitas North America

PARSIPPANY, N.J., July 31, 2017 /PRNewswire/ — Securitas announced today that Jeremy Brecher has been promoted to Chief Technology Officer (CTO) and has become a member of the Securitas North America Division Management Team.  As CTO, Brecher’s new role will focus on customer-facing technologies across all business lines in the United States, Canada, and Mexico, including cloud-based customer portals, data analytics and artificial intelligence (AI) technologies.  He will be championing the development of the next generation cloud, security as a service (SaaS) and managed customer services for Securitas.

Jeremy Brecher has been appointed Chief Technology Officer (CTO) of Securitas North America and has become a member of the Securitas North America Division Management Team.

Brecher started his career in the electronic security industry in 1995 with ACI, a top tier regional systems integration company which was acquired by Diebold, Incorporated in 2004.   Brecher held multiple leadership roles in field operations and engineering with Diebold and served as Vice President, Technology, for Diebold Electronic Security.  Securitas acquired Diebold’s U.S. and Canadian Electronic Security business in 2015 and Brecher was appointed Senior Vice President Technology & Chief Information Officer of Securitas Electronic Security, Incorporated (SES).  He was responsible for SES enterprise information technology operations, technology strategy and the development of managed services for SES customers.  Brecher has 20+ years of senior technology management, infrastructure and networking experience in the security industry. 

“Jeremy is a highly regarded and respected IT leader and technology expert in the security sector,” said Santiago Galaz, President, Securitas North America.  “He has a keen insight into the future direction of the security and IT sectors and expertise in real-world customer applications.  Jeremy is seen as a thought leader in the areas of Cloud and IoT technology.  His goal is to leverage and expand upon the successful leadership position of SES in web-based and managed services to the entire Securitas North America platform and all our customers.”

“Throughout my career, I have enjoyed the challenge and reward of leveraging proven and emerging technologies to deliver innovative security solutions for customers.  In today’s data driven, connected and mobile world, it’s an exciting time to develop and deliver the next generation of customer-facing solutions and services,” said Brecher. “I look forward to building upon our success at Securitas Electronic Security for the broader customer base throughout Securitas North America.”

Brecher holds a bachelor’s degree from Queens College in Queens, New York. He currently chairs the Security Industry Association Cloud, Mobility and IoT Subcommittee and is a past member of advisory boards for TechSec Solutions and the Connected Security Expo.

“Jeremy’s vision, leadership and track-record of implementing innovative cloud-based services for SES and our customers is unmatched within the electronic security industry today,” said Tony Byerly, President, Securitas Electronic Security. “Leveraging his expertise and strategic insights for the greater benefit of all Securitas customers, positions Securitas to continue our leadership position in providing world class web-based services, partnering with industry leading technology partners, and creating a best-in-class customer experience.”

About Securitas

Securitas is a global knowledge leader in security. We base our protective services on customer-specific needs through different combinations of On-site, Mobile and Remote Guarding, Electronic Security, Fire and Safety and Corporate Risk Management. Everywhere from small stores to airports, our 335,000 employees are making a difference.

Securitas North America provides protective services, including On-site, Mobile and Remote Guarding, Electronic Security, Fire and Safety services and Corporate Risk Management in the U.S., Canada and Mexico. For more information, visit


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Chinese P2P Firm Explores Overseas Markets

GUANGZHOU, China, July 31, 2017 /PRNewswire/ — Since peer-to-peer lending and financing (P2P) made its appearance in China a decade ago, the country has become one of the world’s leading markets for the service, with pent-up demand causing the domestic market to grow especially rapidly over the last two years. This has resulted in many of the premium platforms finding themselves no longer satisfied with limiting themselves to their home market and beginning to explore what is available elsewhere., one of China’s earliest P2P platforms, has recently begun the exploration, providing professional information on financial management in China to members of the world’s overseas Chinese community.

Ten yuan, you can invest in China's financial markets

In the P2P sector, the platforms that can provide the highest quality assets can be expected to become the leaders. With the rapid expansion of the sector, quality assets are becoming increasingly harder to find, and it has become a challenge which P2P platforms are having to face. In addition, as economic development becomes generally more globalized, there is a growing awareness of wealth investment among individuals with high net worth value, and their demands in terms of what they expect from wealth management are continuously increasing. As a consequence, the market space for global asset allocation is expanding, with the strategy of distributing the assets across several global markets becoming a key approach among many wealth management firms. It is within this context that China’s P2P sector is beginning to enter overseas markets. has gradually expanded into supply chain finance, helping thousands of SMEs successfully meet their financing needs. With attractive spreads between Chinese and foreign markets, providing comprehensive and professional information on financial management in China can make it appealing to members of the Chinese overseas community to invest in the country’s domestic market, which, in turn, would help China-based SMEs raise capital while preserving and increasing the value of the investors’ wealth.

Some competitive P2P platforms in China with obvious advantages would naturally look abroad once their business in the domestic market has reached a certain level of maturity, as international expansion helps them broaden their business reach, increase profit margins and enhance brand awareness, Zhang Wensheng, chief operating officer of, explained. At the same time, China’s SMEs are growing so fast, that their increasing demand for funding has grown beyond the capabilities of the domestic capital market to meet it. Difficulty in financing is a real problem facing SMEs. Drawing foreign capital into the Chinese market would improve the opportunities for growth across the industries in which SMEs have a presence and go a long way in supporting their development.

In order to stand out from the competition, P2P companies are undertaking efforts to gain strong capital support and to introduce their own innovative products and services. The P2P platforms which are planning to expand into overseas markets have already established a solid foundation in China and have the infrastructure in place for such an expansion., for example, is already well established and has reached a certain level of maturity in the domestic market, including having put in place a comprehensive, standardized and duplicable risk management model, a business practice that is most critical to the online financial sector.

Since its inception in August 2013, has grown its business by leveraging its superior resources and advanced technologies across the entire development process, and has become one of the country’s top 100 online loan platforms. The platform continually enhanced its risk management model and built a portfolio of quality assets. The firm hand-selected its partners for each sector, with stainless steel, jade and food being the main areas on which the firm has focused, while training and building out its risk management team. A large element of the firm’s success lay in the ability to constantly and simultaneously optimize risk management, business development and financial sides of its operations.

To date, P2P companies focused chiefly on driving innovation in the marketplace and experimenting with different business models for online financial products. However, with the development of financial technologies (or fintech) worldwide alongside emerging technologies including cloud computing, big data and artificial intelligence, all of which are changing the way people manage their day-to-day lives, P2P companies have started exploring new business models, products and services that have come to the fore as a result of the rise and transformation of the fintech sector.

Both technical and financial innovation are at the core of’s overall strategy. With the recent transformation taking place in fintech, the firm leveraged big data and its own strong R&D abilities to aggressively move into the mobile smart terminal segment of the sector, delivering the financial information that investment professionals consider most valuable, as well as providing a secure communications bridge through which they could efficiently complete their P2P transactions.

China’s leading P2P companies, among which is a key player, have demonstrated their strength and brand power, and are in the process of initiating their expansion into overseas markets. Many are still in the exploration stage, deciding whether to focus on building a platform that provides Chinese firms with access to foreign capital, or become a supplier of higher quality financial information services, yet, regardless of what direction each of the firms decide to take, the market is one well worth paying close attention to.

Customer service hotline: +86-400-8808-178

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Global Machine Learning Market Estimated to Witness a Humongous Growth By 2022: Anticipates MRFR

PUNE, India, July 31, 2017 /PRNewswire/ — Market Research Future published a half-cooked research report on “Global Machine Learning Market Research Report – Forecast to 2022” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2022.

Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Research Reports. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

Google Inc. (U.S.), Facebook (U.S), IBM Watson (U.S.), Baidu (China), Apple (U.S), Microsoft (U.S.), Cisco (U.S.), Wipro (India), and Nuance Communications (U.S.), Amazon (U.S), Intel (U.S.) are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Machine Learning market.

Global Machine Learning Market – Overview

According to a recent study report published by the Market Research Future, the global Market of Machine Learning is booming and expected to gain prominence over the forecast period. Globally, the market for Machine Learning has been rising up owing to the increasingly automated lifestyle. Hence, the global market of Machine Learning is forecasted to demonstrate a spectacular growth by 2022, surpassing its previous growth records in terms of value with a striking CAGR during the anticipated period (2017– 2022). 

The factors that promotes the growth of machine learning are its diverse application and its ability to learn and solve real life problems from data. The market of machine learning is gearing up with an accelerating pace from diagnosing disease to driving cars to stopping crimes. With the growth of digital marketing industry which represents exciting one in it arenas, where machine learning is applied.

Machine Learning is a part of Artificial Intelligence (AI) that grants computers the capability to learn without being detailed programmed. It mainly focuses on the advancement of the computers programs that can be switched when exposed to new data. It helps the computer to find the hidden insights without being explicitly programmed where to look. It has multiple uses in today’s technology market concerning with safety and security such as face detection, face recognition, Image classification, Speech recognition, antivirus, Google, antispam, genetic, signal diagnosing, whether forecast and many more.

On one side of Machine Learning are the raw data and on the other side the data models. Machine Learning enables data-driven decision systems to continuously learn from new data and adapt itself to deliver “reliable and repeatable” results. The newer technologies like Big Data and the Internet of Things have given a new leash to the traditional Machine Learning practices. The variety of applications that Machine Learning supports includes search engines, image recognition, speech analysis, filtering tools, and robotics. In the recent future, the global community will witness a tremendous growth of smart apps, digital assistants, and main-stream use of Artificial Intelligence. Machine Learning will proliferate the mobile market and enter the territories of drones and self-driving cars. More domain-specific and Machine Learning-enabled technologies will emerge this year.

Big Data is exploding in volume, velocity, and variety. Infrastructure requirements to process petabytes of data can overwhelm enterprise operating on a limited IT budget. To reach the global marketplace and capture, curate and analyze insights from millions of data sources in real-time, marketing teams need to apply Machine Learning at scale. Cloud based infrastructure and applications are essential to web scale data analytics and Machine Learning. 

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Machine Learning Market – Competitive Analysis

Characterized by the presence of several well-established and small players, the global Market of Machine Learning appears to be highly competitive. Well established players incorporate acquisition, collaboration, partnership, expansion, and product launch in order to gain competitive advantage in this market and to maintain their market position. Vendors are focusing on improving their market performance and are expanding by acquiring promising companies in the fast-growing markets like India, China, Indonesia, Brazil, and South Africa.  Marketers employ a continuous improvement strategy to analyze and update products, implementing improvements and launching new technologies to meet the changing needs of consumer. The market is expected to witness the entry of several new players who are technologically advanced and will capture a major portion of fast moving market of Machine Learning in the coming years.

Machine Learning Market – Segments

The Machine Learning Market can be segmented in to 4 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Components: Comprises Software (data storage & archiving and modelling & processing.) Tools, Cloud, web-based APIs and others (model validator, decision report/predictor/training, and report storage.

Segmentation by Applications: Comprises BFSI, Healthcare, Government, Automotive, Education, Media and Entertainment, Defence, Telecom, Retail & Ecommerce and Others.

Segmentation by Organization Size: Comprises Small and Medium Enterprises (SMEs), large enterprises.

Segmentation by Regions: Comprises Geographical regions – North America, Europe, APAC and Rest of the World.

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Global Machine Learning Market – Regional Analysis

The regional analysis of Machine Learning market is being studied for region such as Asia pacific, Americas, Europe and Rest of the World. Rapid advancements in computer programs across different industries has driven the market of Machine Learning in North America closely followed by Europe. European region is expected to dominate in the Machine Learning market by the forecast period owing to fast emerging of start-ups which mainly focus on innovation and commercialization of machine intelligence technologies. London is Europe’s start up centre, mixing capital, proximity to markets, and world-class research hubs. The Asia-Pacific region, though, is expected to emerge as a lucrative market.

Browse Related Report

Global Prescriptive Analytics Market will reach up to 2.47 Billion by the year 2022, and is expected to grow at a CAGR of ~22.7% by 2022

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.


Akash Anand,

Market Research Future

+1 646 845 9312


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Optimove Announces New CTO to Accelerate Innovative Customer Marketing Through Artificial Intelligence

NEW YORK, July 31, 2017 /PRNewswire/ — Optimove, provider of the leading customer marketing cloud, today announced that Tal Kedar has been appointed the company’s Chief Technology Officer. Kedar will play a key role in shaping Optimove’s technology and innovation strategies as the company expands its capabilities to help marketers build a more active and loyal customer base using artificial intelligence.

Kedar brings deep experience in software development, machine learning, and retail, joining the company after spending seven years as the Director of Emerging Technologies at Sears Holdings Corporation. Before that, he served as Head of Algorithms at Fraud Sciences, a security company later acquired by PayPal, where he oversaw the use of AI for online transaction verification and fraud prevention. While most companies today use AI and machine learning as marketing buzzwords, Kedar’s experience aligns with Optimove’s academic and scientific approach to leveraging these technologies for customer marketing.

At Optimove, Kedar will focus on translating business problems into AI-fueled technology solutions. More specifically, he will be working with Optimove’s leadership to build on their current innovation roadmap and identify areas where brands can further use AI to accelerate their customer retention through data-driven, emotionally intelligent marketing.

This announcement comes during a banner year for Optimove. The company recently announced record growth for 2016, including raising their first funding round of $20M in private equity, expansion into EMEA and a 70 percent increase in its client base, which boasts names like 1-800-Flowers, Stitch Fix and AdoreMe. They also just completed their first year in New York City, the company’s U.S. headquarters.

“It’s exciting to join Optimove at a time of such rapid growth and innovation. The company’s momentum is a testament to its leadership as well as its philosophy around AI — an approach rooted in science and academia, always with an eye on how to make insights immediately actionable,” said Kedar who also holds a Master’s in Computational Linguistics.

“In today’s competitive market, improving retention should be a marketer’s number one success metric. We focus on making it easier to achieve that with a scientific approach,” said Pini Yakuel, founder and chief executive officer of Optimove. “Tal’s extensive background designing AI software and creating technology for one of the country’s largest retail brands is invaluable as we work to stay ahead of our clients’ needs, and enable them to go back to what they love — the art and creativity of marketing.”

About Optimove
Optimove’s Customer Marketing Cloud is used by over 250 customer-centric brands to drive their entire customer marketing operation. Optimove combines the art of marketing with the science of big data to enable marketers to orchestrate highly effective personalized customer marketing via email, mobile, push, Facebook, Google and other channels. Optimove’s unique predictive customer modeling, real-time hyper-targeting, and multi-channel campaign automation technologies help brands maximize customer spend, engagement, retention and lifetime value. The company has offices in New York, London and Tel Aviv. Learn more at

Media Contact
Puneet Sandhu, Bateman Group

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Korea IT Times’ interview: Opportunities for South Korean IT Companies in Canada

SEOUL, South Korea, July 31, 2017 /PRNewswire/ — Owing to U.S. President Trump’s anti-immigration policies and a sharp reduction in the research budgets for the medical and science fields, large IT companies in the United States have begun to move to Canada as an alternative to Silicon Valley.

In reaction to this, the Canadian government has announced an investment of over $100 million in the AI (Artificial Intelligence) industry, allowing Canada to arm itself with more attractive conditions for these companies.

Britain’s DeepMind, the developer of AlphaGo, has also selected Canada to be its first overseas research center. DeepMind announced on July 5th to establish a research center in Edmonton, Alberta and conclude a research contract with the University of Alberta.

DeepMind singled out Canada in the belief that it can easily secure highly talented persons within the far-reaching AI community.

Of University of Alberta graduates, dozens of researchers have already joined DeepMind, including Dr. Aja Hwang who played Lee Se-dol, a nine-dan Korean professional go player. KOTRA DeepMind plans to attract more AI researchers from all over the world to the region for continues studies.

At this time, the Canada Office of Korea IT Times and the KOTRA Vancouver Office are reviewing a jointly held “Korea-Canada IT Tech Cooperation Forum and Export Consultation Meeting” in Vancouver early next year.

For this occasion, Chung Youn-soo, head of the Canada Office of Korea IT Times, carried out an exclusive interview with Jung Hyung-shik, Chief Trade Commissioner of the KOTRA Vancouver Office.

Jung freely spoke about his expectations to “jointly push with Korea IT Times for the project to support Korean IT firms’ advancement into Canada. Now is the best time for Korean IT companies to make inroads into Canada.” 

The following is an excerpt of the interview with Jung Hyung-shik, Chief Trade Commissioner of the KOTRA Vancouver Office.

Q: What is the role of the KOTRA Vancouver Office in supporting Korean IT companies’ advancement into Canada?

A: KOTRA has been offering a marketing platform to domestic small and medium-sized companies for their advancement into overseas markets. Likewise, KOTRA has been providing IT companies with consultation services for local market surveys, buyer discovery, exports and advancement.

Through support projects such as participation in local missions, exhibitions and export consultation meetings, attracting buyer’s visits to Korea and agent businesses as local branches, it has helped domestic IT companies advance into the Canadian market with their goods and services.

Q: Would you comment on the current status and future prospects for the IT industry in Canada’s western region?

A: The Province of British Columbia (BC) in Canada has recently posted a rapid growth in terms of the IT industry, even being called “the second Silicon Valley.” In particular, small and medium-sized IT venture firms are enjoying a boom.

Vancouver possesses an excellent IT start-up ecosystem, posting 18th in the rankings of IT start-up development cities.

In particular, Vancouver is famous for active advancement by Amazon, DeepMind, Facebook and Twitter. With the shortage of IT manpower becoming aggravated due to the U.S. anti-immigration policies, more large IT companies in the U.S. are expected to move into Canada under relatively soft conditions in immigration and manpower supply, compared to the U.S.

By sector, the software and computer service accounted for the biggest portion at 80%, followed by ICT wholesale (5.5%), communication service (3.7%) and ICT manufacturing (2.8%).

About 25% of Canada’s top 100 enterprises are located in Vancouver. The city also boasts of its high level of technology and competitiveness in the software industry.

Business start-ups by small, medium-sized and venture firms are also active in mobile applications and game fields. The powerful growth potential has stretched out from the traditional IT service areas, including system integration, IT consulting, repair & maintenance, outsourcing and management service to such new service fields as cloud computing and Internet of Things (IoT).

“Korea IT Times, KOTRA Vancouver Office plans to hold the ‘Korea-Canada IT Tech Cooperation Forum and Export Consultation Meeting’ in Vancouver early next year.”

Q: Would you elaborate on the main fields of interest for IT investors or buyers in Canada?

A: The Canadian IT market has showed a modest growth, accounting for 3.2% of the country’s total GDP standing at 67.9 billion Canadian dollars.

Over the past five years, its annual exports reached some 10 billion Canadian dollars and its imports came to 32.4 billion Canadian dollars.

There are over 38,000 IT companies in Canada and some 560,000 workers engage in the industry. This represents 3.7% of the total labor population in Canada. The annual sales for Canada’s IT industry rose by 28% from 133.4 billion Canadian dollars in 2007 to 182.9 billion Canadian dollars in 2016.

Its portion of the Canadian economy has risen steadily. In keeping with this, the federal government of Canada is mapping out an aggressive policy supporting the related industry through such incentives as a 15% tax deduction for software development cost.

The investors’ interested fields can be classified into various tax breaks and corporate takeovers following legal contracts, away from R&D and general investment.

In case of the “S” company in Vancouver, for instance, it took over a part of the assets of the Korean company “A,” a wireless communication chip and data developer, established a locally incorporated firm and possessed products and research manpower, while receiving various benefits from the government, including incentives for local R&D activities and employment of overseas engineers.

There is keen interest in the M2M (Machine to Machine)-related wireless modem, joint and win-win development of software on the mobile phone communication chip, and cooperation for VoIP (Voice over Internet Protocol) development.

Although various types of solutions have already appeared in the VoIP market, in addition to Skype-style technology, Korea’s VoIP-related technology is well known as an advanced one.

The software field is regarded as one that Korean companies can advance into easily. The gaming, mobile, healthcare fields are emerging as the blue ocean thanks to strong demands.

Q: Would you comment on Canada’s response to Korea’s IT industry?

A: Korea’s IT technology is widely known to have reached a top level in the world. Since the Korea-Canada FTA settlement in 2015, such industries as agriculture, livestock and forestry have enjoyed big benefits. However, it is expected to take some time before actual export transactions are reflected in the IT industry.

Q: Do you have any plans to promote exchanges and business cooperation in the IT industry between Korea and Canada?

A: At present, the exchanges in the IT industry between the two countries are at the initial stage so that it is a potential market. As a result, I think KOTRA’s role will increase in ICT cooperation. As the service field accounts for about 84% of Canada’s IT industry, the business cases in service cooperation between IT companies of the two countries remain at an insignificant level.

Under this backdrop, I think it is very timely that the KOTRA Vancouver Office and the Canada office of Korea IT Times push for holding the “Korea-Canada IT Tech Cooperation Forum and Export Consultation Meeting” in Vancouver early next year to energize exchanges in the IT industry between the two countries.

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TransPerfect Legal Solutions Announces Partnership With Onna Technologies

NEW YORK, July 31, 2017 /PRNewswire/ — TransPerfect Legal Solutions (TLS), the leader in global e-discovery and legal technology and a division of TransPerfect, today announced a partnership with Onna Technologies, an artificial intelligence-based knowledge integrator that uses neural networks to automate the process of collecting and integrating electronically stored information (ESI) from disparate data sources.

TransPerfect Legal Solutions (TLS) is a leading provider of global legal support services, including forensic technology and consulting, e-discovery and early data assessment, managed review and legal staffing, language services, deposition and trial support, and paper discovery and production.

The partnership between the two organizations enables TLS’s global forensic technicians to utilize Onna’s cutting-edge software to collect ESI defensibly from some of the more challenging data sources, including cloud platforms like Slack, JIRA, Confluence, and Zendesk. By partnering with Onna, TLS can offer the same efficient and defensible data acquisition services that clients have come to expect with respect to traditional data sources and apply them to these more tech-forward digital platforms.

“We are thrilled to be partnering with TLS on this initiative,” stated Salim Elkhou, Founder & CEO at Onna Technologies. “Their global forensic examiners and laboratories are world-class. Our companies share a simple, but integral vision: as our clients increasingly rely on progressive data environments, it is incumbent upon us to develop and implement technology that keeps apace and bridges any gaps between their business initiatives and operational needs.”

Liz Elting, Co-CEO of TransPerfect, stated, “With more than two decades of experience in software development and a keen focus on applying their technologies to ESI, Onna is an ideal partner for TLS. The ability to combine our forensic capabilities with Onna’s AI-based software and solutions means that our clients will have access to an impressive set of solutions for navigating ESI collection and preservation.”

TransPerfect Co-CEO Phil Shawe continued, “With businesses relying more and more on cloud platforms to house data, executing a sound ESI collection strategy presents an increasingly complex challenge. The TLS and Onna partnership aims to ensure that businesses retain robust ESI search and preservation capabilities while still enjoying the operational efficiencies cloud computing offers.”

About Onna 
Onna is a knowledge integrator that uses deep learning to help enterprises connect their data and work smarter. The platform enables enterprise information management through integrations with major services and storage repositories, such as G Suite, Office 365, Dropbox, and Slack. The platform is API centric and has applications built on top of its core to manage data retention policies and eDiscovery.

About TransPerfect Legal Solutions
TransPerfect Legal Solutions (TLS) is an industry leader in global legal support. Founded in 1992, TLS offers a full suite of services, including forensic technology and consulting, e-discovery and early data assessment, managed review and legal staffing, language services, deposition and trial support, and paper discovery and production. With offices in over 90 cities across 6 continents, TLS is a trusted partner for every Am Law 200 and Global 100 law firm, as well as the majority of Fortune 500 corporate legal departments. For more information, visit

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Voyager Labs Joins Future of Privacy Forum as Part of its Core Commitment to Privacy

HOD HASHARON, Israel, July 31, 2017 /PRNewswire-USNewswire/ — Voyager Labs has joined the Future of Privacy Forum (FPF), a Washington DC non-profit think tank that is working to bridge the gap between privacy regulation and the fast-changing technology landscape.

Voyager Labs

Voyager is a game-changing company that brings artificial intelligence (AI) and deep machine learning analytics to its public and private sector clients. These solutions are delivered while recognizing that the respect of privacy is a core principle of the company. From its very beginning, Voyager has restricted its searches to data that is either in the public domain or available consensually.

Voyager’s founder and chairman, Avi Korenblum, said, “Technology is always going to outpace regulation, so the industry, and specifically our company, must follow the highest ethical standards privacy. That is why we have signed on as a sponsor of FPF. Our commitment to privacy is as important to us as our commitment to superlative, leading-edge science.”

About Voyager Labs
Voyager Labs is a leading AI and cognitive deep learning company that enables businesses and the public sector to obtain the real-time insights needed to understand individuals’ behaviors, interests and intent. The company’s unparalleled ability to interpret the complex layers of unstructured data in the social sphere 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

Future of Privacy Forum
The Future of Privacy Forum is a non-profit organization that serves as a catalyst for privacy leadership and scholarship, advancing principled data practices in support of emerging technologies. To learn more, visit


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Plug and Play Partners with Siemens to Launch New Energy & Sustainability Innovation Platform

SUNNYVALE, Calif., July 28, 2017 /PRNewswire/ — Siemens participates in the newly founded Plug and Play Energy & Sustainability Program, which focuses on new technologies that can be adapted across the energy market value chain. This program renders a network between leading startups, corporations, and venture capitalists at the heart of Silicon Valley. Siemens joins the platform to identify startups for collaborative projects. Technical focus areas include digital platforms and new business models in the energy market, energy efficiency, distributed energy resources; wind, solar, energy storage and microgrids, electric mobility, alternative energy, etc.

“The collaboration with Plug and Play as a member in the new energy program is a key initiative for Siemens to develop the relationship with leading startup companies in the energy and adjacent markets. We are passionate about this partnership and the opportunities that come with the connection to this global ecosystem,” says Zuozhi Zhao, Chief Technology Officer of the Power and Gas Division of Siemens.

“This partnership with Plug and Play supports the implementation of our innovation roadmap for topics that address the changes in the energy market. Key targets include the reduction of emissions, the utilization of digital technologies and new business models, the increase of energy efficiency, and the management of the growing renewable install base, all embraced by the Energy and Sustainability Program,” says Bernd Wachmann, Head of Innovation of the Power and Gas Division of Siemens. “With its global customer base, its broad portfolio and the global sales channels Siemens offers huge opportunities for startups.”

“Plug and Play has built the critical mass and developed the know-how to foster startup innovation in partnership with the leading corporations around the world. Our partners in the energy sector have line-of-site into the emerging technologies across various sectors like finance, automotive, retail, new materials, etc. The Energy platform serves to find new technologies in artificial intelligence, predictive maintenance, blockchain, data analytics, machine learning, supply chain optimization, Industrial IoT, asset tracking, cybersecurity, and more in order to adapt them for the energy sector,” says Wade Bitaraf, Director of Plug and Play Energy & Sustainability.

Plug and Play Energy & Sustainability will run 12-week business development programs twice per year, accepting up to 20 startups per class. This program is stage-agnostic and does not require equity or fees from the startups to participate. For startups and corporations interested in joining, contact

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at

About Plug and Play
Plug and Play is a global innovation platform. We connect startups to corporations and invest in over 150 companies every year.  Since inception in 2006, our programs have expanded worldwide to include a presence in 24 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 6,000 startups and 180 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 365 networking events per year. Companies in our community have raised over $6 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club, PayPal, SoundHound, and Zoosk. For more information, visit

Media Contact
Allison Romero


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