LexinFintech Announces the Appointment of Mr. Suining Xiao to the Board of Directors

SHENZHEN, China, Sept. 30, 2019 /PRNewswire/ — LexinFintech Holdings Ltd. (NASDAQ: LX) (“Lexin” or the “Company”), a leading fintech platform for educated young adults in China, today announced that Mr. Suining Xiao has been appointed to its Board of Directors, effective September 30, 2019. Mr. Xiao is appointed as a designee of PAG, a leading Asia-focused private equity firm, in connection with PAG’s purchase of convertible notes from the Company, a transaction that was announced on September 11, 2019 and consummated on September 16, 2019. This appointment increases the size of the Board to nine directors.

Mr. Suining Xiao is a partner of PAG and chairman of PAG in China. Prior to joining PAG in 2013, Mr. Xiao served as the chairman of Ping An Bank from 2010 to 2012 and was a director and president of the Shenzhen Development Bank from 2007 to 2010. Prior to joining the Shenzhen Development Bank, Mr. Xiao spent 17 years at the Bank of Communications where he held numerous senior management positions, including as the president of the Bank of Communications Shenzhen Branch. Mr. Xiao earned a college degree in business management from the Yunnan Economic Management Cadre College in 1987.

Mr. Jay Wenjie Xiao, Lexin’s chairman and chief executive officer, stated: “We are delighted to welcome Mr. Suining Xiao to our board. Mr. Xiao has a comprehensive understanding of our business and extensive experience in banking and investment, which is important to Lexin. We are very much looking forward to working closely with him as we continue to grow our business.”

“I’m proud to be joining the board of one of China’s most exciting financial technology companies, and I look forward to working with my fellow board members as we continue to chart a course towards Lexin’s successful future,” said Mr. Suining Xiao.

About LexinFintech Holdings Ltd.

LexinFintech Holdings Ltd. is a leading online consumer finance platform for educated young adults in China. As one of China’s leading financial technology companies, Lexin integrates its e-commerce-driven installment finance platform, Fenqile, with advanced risk management technologies, the Company’s Dingsheng asset distribution technology platform, and the Company’s Juzi Licai online investment platform for individual investors, to create a comprehensive consumer finance ecosystem. The Company utilizes technologies including big data, cloud computing and artificial intelligence to enable the near-instantaneous matching of users funding requests with offers from the Company’s more than 30 funding partners, which include commercial banks, consumer finance companies, and other licensed financial institutions.

About PAG

PAG is a leading Asia-focused private equity firm. Based in Hong Kong, PAG delivers value to its investors and portfolio companies by providing a world-class platform and an unparalleled network of local, experienced investment professionals in 11 offices across Asia and around the world. PAG currently manages more than US$30 billion in assets for some of the world’s largest private and institutional investors. For more information, visit www.pag.com.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” “confident” and similar statements. Among other things, the expectation of its collection efficiency and delinquency, business outlook and quotations from management in this announcement, contain forward-looking statements. Lexin may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Lexin’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Lexin’s goal and strategies; Lexin’s expansion plans; Lexin’s future business development, financial condition and results of operations; Lexin’s expectation regarding demand for, and market acceptance of, its credit and investment management products; Lexin’s expectations regarding keeping and strengthening its relationship with borrowers, institutional funding partners, merchandise suppliers and other parties it collaborates with; general economic and business conditions; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in Lexin’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Lexin does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit http://ir.lexin.com

To follow us on Twitter, please go to: https://twitter.com/LexinFintech.

For investor and media inquiries, please contact:

LexinFintech Holdings Ltd.

IR inquiries:
Tony Hung
Tel: +86 (755) 3637-8888 ext. 6258
E-mail: IR@lexin.com

Media inquiries:
Limin Chen
Tel: +86 (755) 3637-8888 ext. 6993
E-mail: liminchen@lexin.com

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Montage and Shaker International Rebrand as Modern Hire

DELAFIELD, Wis. and CLEVELAND, Sept. 30, 2019 /PRNewswire/ — Montage and Shaker International, leading hiring technology and assessment providers, today announced that the businesses will unify under a new brand: Modern Hire. The rebrand reflects the company’s transformative approach to bringing proven technology and trusted science together in a single platform to make hiring personal.

Modern Hire Logo

Modern Hire combines the strength of Montage’s industry-leading SaaS interviewing technology, workflow automation and AI capabilities with Shaker International’s deep expertise in AI, predictive analytics and hiring assessments to create its comprehensive platform. The new brand is the only platform that enables organizations to continuously improve hiring results through more personalized, data-driven and engaging experiences for candidates, recruiters and hiring managers.

“TA leaders are facing intense pressure to improve quality of hire, respond to business needs, and make sense of disparate solutions,” said Madeline Laurano, Principal, Aptitude Research. “Modern Hire brings together science, technology and data to enable companies to make better decisions around talent, predict success, and improve the overall candidate experience.”

“Since Montage and Shaker International joined forces in May, the value of our union has been consistently validated by clients, prospects and analysts. It is clear the industry needs a purpose-built, integrated hiring platform that delivers better outcomes and experiences. We are confident that Modern Hire brings together the proven capabilities of two leading organizations into one powerhouse brand that is defining the future of hiring. We’re excited to debut our new brand in the market,” said Kurt Heikkinen, CEO of Modern Hire. “To us, this is about more than a new name. It’s truly the most innovative approach in the market for creating lasting value for enterprise organizations.” 

Along with bringing its new brand to market, Modern Hire is also revealing Real-Time Interview Scoring as its latest product innovation at this year’s HR Technology Conference & Exposition – which is set to take place Oct. 1 – 4.

Real-Time Interview Scoring enables organizations to more effectively and efficiently evaluate text, audio and video interviews. Using machine and deep learning models, candidate interview responses are scored against the competencies deemed to be important for the job. This solution confirms Modern Hire’s commitment to delivering a single platform for best-in-class interviewing and assessment solutions to its clients.

“Artificial intelligence is being applied to a variety of functions within talent acquisition, but there’s a growing distrust of it in the market because the technology is often used in a black box in which users can’t see how decisions are being made,” said Mike Hudy, Chief Science Officer at Modern Hire. “Our approach to AI helps reverse this resistance by providing a transparent, glass-box science approach. Within our platform, recruiters and hiring managers have visibility into how responses during interviews are scored. Our team of IO psychologists and data scientists ensures integrity and assures that our approach is fair, predictive, and effective.”

By making a visit to Modern Hire’s booth at the event (#2519), HR Tech attendees can experience the new brand and its innovative platform in action.

To learn more about Modern Hire’s vision for making hiring personal, visit: www.modernhire.com

About Modern Hire
Modern Hire is the all-in-one enterprise hiring platform that enables organizations to continuously improve hiring results through more personalized, data-driven experiences for candidates, recruiters, and hiring managers. The Modern Hire platform merges the trusted science of Shaker International with the proven SaaS technology of Montage to predict performance, ensure fairness, and automate workflow—enterprise-wide. It combines AI, predictive analytics, workflow automation, assessment, and interviewing technology in a single SaaS solution that integrates with leading HCM systems. Trusted by 47 of the Fortune 100, Modern Hire transforms each step of the hiring process, from post-apply to hire and beyond.

Contact:
Allison Zullo
Walker Sands, for Modern Hire
MontagePR@walkersands.com
312-241-1474

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Smart Home Security Market to Grow at a CAGR Of 19.6% During 2018 – 2022

LONDON, Sept. 30, 2019 /PRNewswire/ — TheBusinessResearchCompany.com offers Smart Home Security Global Market Report 2019 from its research database. The global smart home security market was valued at about $2.14 billion in 2018, and is expected to grow to $4.37 billion at an annual growth rate of 19.6% through 2022. The smart home security market is driven by increasing crime rates across the globe. With the increasing crime rates, the consumers are increasingly focusing on safety and security systems especially in residential areas. Smart home devices such as smart alarms, smart cameras, and smart lockers are being preferred by households to be more safe and secure. According to home burglary statistics of 2018, 88% of all burglaries are residential in nature and there is a 300% possibility of theft in homes without security systems. In 2018, according to a Congressional Research Service report on recent violent crime trends in the United States, violent crime and homicide rates have been increased by 7% and 21% respectively in the US from 2014 to 2016.

High Installation Costs Of Smart Home Security Devices Will Hinder Market Growth

The high installation costs of smart home security devices is restraining the growth of the smart home security market. Being a relatively new technology, the setup cost for smart home security systems and the cost of other related expenses such as utilities, maintenance, and repair of the technology are high. Cost of home security devices depends on the plan of the installation and size of the property. Installation of alarm systems and security cameras is more expensive when compared to other smart home security devices. The basic smart home security system consisting of a burglar alarm, thermostat, outdoor lighting and a backdoor lock which can be controlled from remote device costs $2,500. An advanced and high-end security and home automation system can cost $1.8 million. In 2019, the cost range for installation of basic security cameras was between $663$2,019.

View Complete Report @ https://www.thebusinessresearchcompany.com/report/smart-home-security-global-market-report .

Also, Place A Direct Purchase Order @ https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2530 .

Integration Of Artificial Intelligence With Smart Home Security Devices

Smart home security systems manufacturers are increasingly integrating technologies with visual recognition based on AI (Artificial Intelligence) in security devices. AI is developing to a new stage where the security confirmation and authentication will be processed from face and visual recognition. Home security systems such as consumer video cameras are integrated with AI technology with a new security validation framework to enhance safety and security through facial recognition, fingerprints and voice recognition. AI is proposed to be applied in smart alarms to create databases of all incoming alerts, which then could be analyzed to predict false alarms. For instance, in 2019, SimCam Lab, a home security and automation system provider, presented the SimCam home security and home automation camera that utilizes AI “SimCam Alloy” for recognizing faces and monitoring pets, objects and others.

Regulatory And Competitive Landscape Of The Smart Home Security Devices Market

In the US, California’s Senate Bill 327, states the security regulations to be followed for all devices that connect to the internet including smart home security systems. The bill requires the manufacturer of such a device to be equipped with appropriate security features, designed to prevent unauthorized access, modification, or information disclosure. The bill states that the information collected by the device should be appropriate and protected from unauthorized use. Also, if the device needs to be used outside the local area network, the user should generate a new password other than the one allotted to it by default, in order to prevent attack by hackers. This bill is proposed to be effective from January 1, 2020, in California, US.

Major players in the smart home security market are ADT, Amazon, Honeywell International, Hangzhou Hikvision Digital Technology and Frontpoint Security Solutions. Companies have been investing in merger and acquisition activity to strengthen and expand their businesses. In July 2018, Amazon acquired Ring, a home security company for $1 billion. This acquisition would expand Amazon’s product portfolio and help capitalize on the increasing demand globally for home security products. Ring is a smart home automation and security systems company manufacturing home security devices, video doorbells, indoor & outdoor security cameras and other products. Ring was founded in 2012 and is headquartered in Santa Monica, California, US.

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View Similar Reports:

Smart Home Devices Global Market Report 2019

IoT Security Global Market Report 2019

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XAG Joins Bayer to Demonstrate Drone-based Horticulture Crop Solution

HANGZHOU, China, Sept. 30, 2019 /PRNewswire/ — Bayer and XAG has recently collaborated in Hangzhou, China to host a crop dusting drone demonstration on citrus trees. Justin Gong, Co-founder and Vice President of XAG, together with Bayer’s crop scientists and agricultural experts from China, Germany, India, and U.S., attended the joint convention, in which XAG showcased its Unmanned Aerial System (UAS) fruit tree solution based on Artificial Intelligence (AI) and 3D flight mode.

XAG’s fruit tree solution is the world’s first all-terrain autonomous drone spraying technology that resolves the global challenge of applying pesticides and fertilisers on complex terrains, such as mountains, hills and terraces. The partnership between XAG and Bayer, combining pioneer crop science research with advanced agriculture technology, aims to develop an innovative horticulture crop solution that would improve food safety and encourage healthy diet with high-quality fruits and vegetables.

To examine the efficacy of UAS fruit tree solution, XAG and Bayer selected a typical citrus orchard in Hangzhou’s Jiande Town to conduct spraying on mandarin trees. The orchard covers a small area of 1.5 hectares but is located in rugged hills, where the mandarin trees are planted in uneven density and have grown to different heights. It used to take three days for three workers aged over 60s to manually spray the entire orchard for one time.

By contrast, the field experiment showed that one XAG P Series Plant Protection UAS could effectively spray half of the orchard area in only 10 minutes. While Bayer’s experts had provided plant disease diagnosis and prescription, XAG utilised its newly released 3D flight modes – band, hover and spiral to conduct precision spraying operation on different types of terrains. Each of the fruit trees only received its demanded dosage, without excessive waste of water and pesticides. This was achieved through a coherent process from aerial surveying, 3D modelling, AI recognition to targeted spraying.

Prior to the spraying operation, XMission Multifunctional UAS can autonomously fly over the orchards for centimetre-level mapping and 3D terrain modelling. This is then followed by cloud computing and AI analysis, which are implemented by XAG Agriculture intelligence (XAI) to recognise field edges and each fruit tree’s location and size on the 3D high-definition maps. Nearly 7 hectares of fruit trees can be accurately identified within one second, with recall ratio and precision ratio reaching as high as 98.60% and 98.04% respectively. Users can therefore easily capture a full image of the farmlands from different angles to ensure safer, more precise spraying during the whole flight.

Fruit tree disease management is indeed a worldwide agricultural problem. Due to rural labour shortage and rising labour cost, farmers in both developed and developing countries have found it increasingly difficult to improve their cost-efficiency. Spraying chemicals manually on trees grown in different sizes and shapes not only fails to achieve precision application, impeding the production of high-quality fruits, but also places the operators in high poisoning hazards.

China, with a long history of fruit cultivation, is one of the countries that are taking the lead in utilising agriculture drones to tackle the thorny problem of fruit tree spraying. Most of its orchards are developed and managed on hilly or mountainous areas. This means that large ground-based machines are inflexible to reach these regions, whereas small robots such as drones can take the chance. Compared to scale-farming, China’s smallholder economy has begun to unleash its huge agricultural productivity, when it comes to serving consumers’ increasing demands for more diverse nutritious food such as high-value fruits and vegetables.

Riding over the wave of agricultural revolution, XAG has been introducing drones and AI into more remote rural areas to boost productivity and improve livelihood. The UAS fruit tree solution can help farmers grow high-quality horticultural crops and other cash crops in limited lands with less water and chemicals. In the future, XAG will continue to closely collaborate with its global partners to accelerate the process of digital farming with its smart agriculture solutions and solve local problem in a global scale.

XAG is a global leading agriculture technology company and industrial UAS manufacturer, which developed its own patented agriculture drones, sensors and other digital farming tools for precision spraying, granule spreading, mapping and real-time crop monitoring. With its cost-effective, eco-friendly UAS crop protection solution, the company, up to mid-September, has defended 20 million hectares of global farmlands against harmful weeds and pest diseases.

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Vbrick Announces its Next-Generation Video AI Solution – Rev IQ leverages Artificial Intelligence to unlock the value trapped in an enterprise’s video library.

HERNDON, Va., Sept. 30, 2019 /PRNewswire-PRWeb/ — Vbrick, the leader in enterprise video platform solutions, today announced the release of Rev IQ as part of the October release of the industry-leading Rev Enterprise Video Platform. Rev IQ is our new Video AI solution that unlocks the value trapped in a company’s video library. Rev IQ uses facial recognition and machine transcription to automatically enrich videos with information about who appears in a video and what is being said. This enables our large enterprise customers and their teams to tap into the value of their library of video assets.

Rev IQ is the only enterprise video platform that uses facial recognition to automatically tag speakers so you can find the videos they appear in and jump to the moment that they appear. The solution also transcribes videos with automatic speech recognition (ASR) in English, French, German, Spanish, Brazilian Portuguese and Mandarin Chinese. Transcripts can then be used to power video closed captions and keyword searches across all video content. Rev IQ leverages artificial intelligence and machine learning capabilities to enable users to discover the video content they need, resulting in improved user productivity, collaboration and knowledge sharing.

“Companies are rapidly increasing investments in video across all functions. These companies need the ability to maximize their investments in their video content and make it easier for employees to leverage that content. Rev IQ is the result of our strong partnership with our customers and we are excited to bring leading technology to solve this key challenge for them,” said Shelly Heiden, CEO, Vbrick Systems.

Companies are generating more video for communications, training and knowledge management than ever before in history. If a picture is worth a thousand words, these videos represent millions of pieces of information that are invaluable for employees to perform at their best. Unfortunately, that information often remains out of employees’ reach, as they would need to watch hundreds or thousands of videos to find the relevant information that they need.

For example, internal communications professionals curate executive updates and want to ensure that employees can easily find the most relevant content for their organization. Similarly, training and knowledge management professionals want to make sure that users can find help on the topics most relevant to their jobs.

Rev IQ empowers users by surfacing relevant content that drives productivity. It saves countless hours of manual tagging by automating the enrichment of video assets with rich metadata. Lastly, Rev IQ provides a dynamic AI-driven video viewing experience called, “Pulse” which drives user engagement. As a result, the user experience is enhanced, knowledge sharing is improved and return on investment in video assets is amplified.

About Vbrick
Vbrick enables organizations to leverage the power of video to engage, empower and transform. Our industry-leading Rev enterprise video platform is a complete solution for businesses to capture, manage and securely distribute live and on-demand video globally at scale to any device. The world’s most widely recognized brands adopt Vbrick solutions to overcome network complexity and risk to meet critical live video needs from CEO all-hands meetings to team broadcasts and to support innovative uses of on-demand recorded videos for sales, marketing, training, compliance, security and user-generated content. Vbrick solutions integrate with and complement unified communications systems and provide the analytics and intelligence to maximize return on video investments. To learn more, visit http://www.vbrick.com.

Media Contact
Christian Rockwell, Vbrick, Inc.
christian.rockwell@vbrick.com

 

SOURCE Vbrick

NowRx Announces Series B CrowdFunding Round on SeedInvest

MOUNTAIN VIEW, Calif., Sept. 30, 2019 /PRNewswire-PRWeb/ — NowRx, the on-demand, free same-day delivery pharmacy that is disrupting the healthcare industry by reinventing pharmacy from the ground up, today announced a third crowdfunding round on SeedInvest, receiving over $500K in reservations in its first 24 hours, one of the fastest ramp-ups in SeedInvest’s history. The company is raising $20 million on a pre-money valuation of $65 million.

The NowRx model solves all the pain points in the traditional pharmacy process: its proprietary software automation, robotics, logistics and AI enable same-day, free delivery of all prescription medications, saving consumers, to date, hundreds of thousands of wasted hours previously spent waiting in pharmacy lines, while also creating new efficiencies that remove millions of dollars in excess costs from the pharmacy process.

The funding round, which has been qualified by the SEC, follows last year’s $7 million Series A funding round, which was the largest healthcare crowdfunding round ever at SeedInvest.com. The pharmacy space, one of the few traditional industries that has not yet been disrupted via technology, has seen over $470 million dollars raised in the last year.

“We have carefully developed and proved our disruptive on-demand model. With just our first pharmacy facility we have experienced amazing growth: 2018 revenue was $4.7M, up 90% year over year and, based on July 2019 revenue, our annualized run rate is $7.4M – and we are taking our proven concept into new markets,” said Cary Breese, CEO of NowRx.

With dramatically rising customer demand, NowRx recently expanded from its flagship base in Mountain View to San Jose, with other California cities scheduled in the months to come, including Orange County in October. The new funding round will further accelerate NowRx’s expansion across California in 2019 and nationally in 2020.

“There is plenty of buzz around the need to improve the $330bn pharmacy space, but no one has used technology to solve all the pharmacy pain points the way NowRx has,” continued Breese.

“Unlike mail-based services that keep consumers waiting for their medications – and are not ideal for delivering medications that need special care (refrigeration, narcotics, urgent, etc.) – NowRx’s fleet of eco-friendly electric cars, own drivers, mobile app and its automated pharmacy fulfillment centers, enable rapid, free, same-day, hand delivery of all medications right to the customer’s door, while connection to a pharmacist for consultation is just a click away.”

To date, NowRx has filled over 100,000 prescriptions, served more than 18,000 customers, and has received prescriptions from more than 4,500 prescribing physicians, just in the Silicon Valley area. Each NowRx facility has prescription fulfillment capability equal to over 10 traditional pharmacies and robotics-driven advanced pharma-technology that can fill a prescription every 30 seconds.

A fully-licensed pharmacy, NowRx has received multiple industry certifications putting it well along the road to achieving critical mass, including from Surescripts to handle ePrescriptions on their nationwide network of 1.8 million physicians; from the DEA to handle Controlled Prescriptions electronically, and from Caremark for insurance claims. The company is also implementing the telecommunication standard for insurance processing which enables NowRx to handle all Commercial and Medicare claims.

“It’s time the pharmacy process entered the on-demand economy. No one stands in line at the bank, no one waits for taxis anymore, but people still stand in line at the pharmacy surrounded by sick people waiting for their prescriptions,” continued Breese. “NowRx solves that and more, by using cutting-edge technology and logistics to dramatically cut the onerous overhead costs of traditional pharmacies, enabling us to absorb delivery costs so the customer doesn’t have to. The proof is in the consumer response: nearly 90% of our customers say they will use us again.”

Click here for a video about NowRx and footage of pharma-efficiency fulfillment technology at work.

Download the NowRx app for iOS devices or for Android devices here.

Reg A+ Equity CrowdFunding (J.O.B.S. Act)

NowRx is offering securities through the use of an Offering Statement that has been qualified by the Securities and Exchange Commission under Tier II of Regulation A. A copy of the Final Offering Circular that forms a part of the Offering Statement may be obtained from: https://www.nowrx.com/nowrx-offering-circular-series-b-preferred-pdf

This Company’s profile and accompanying offering materials may contain forward-looking statements and information relating to, among other things, the Company, its business plan and strategy, and its industry. These statements reflect management’s current views with respect to future events based information currently available and are subject to risks and uncertainties that could cause the Company’s actual results to differ materially. Investors are cautioned not to place undue reliance on these forward-looking statements as they are meant for illustrative purposes and they do not represent guarantees of future results, levels of activity, performance, or achievements, all of which cannot be made. The company does not undertake any obligation to revise or update these forward-looking statements to reflect events or circumstances after such date or to reflect the occurrence of unanticipated events.

About NowRx
NowRx is an on-demand pharmacy, founded with the goal of developing software, artificial intelligence, robotics, and logistics to create the most convenient retail pharmacy service available, focused on free same-day delivery for prescription and OTC medications, thereby eliminating the need to visit a pharmacy. Dedicated to promoting better health and wellness through a quicker, easier, more reliable way to access – and adhere to – prescription medications, NowRx hand-delivers all available prescription medications door-to-door, on the same day, through its fleet of friendly, trained drivers. Using NowRx’s proprietary pharma-efficiency technology, NowRx’s team of pharmacists fill prescriptions at its locally-based, state-of-the-art, and fully-licensed pharmacies. With NowRx, consumers can reach their pharmacist on the second ring or instantly through video chat and will never, ever waste time in pharmacy waiting lines again. Learn more at http://www.nowrx.com

NowRx Media Contacts:
Angela Jacobson, angela(at)mwebbcom(dot)com, 714.454.8776
Crystal Hartwell, crystal(at)mwebbcom(dot)com, 714.987.1016

 

SOURCE NowRx

Digible Welcomes David Lerchbacher As Chief Data Officer

DENVER, Sept. 30, 2019 /PRNewswire-PRWeb/ — Digital marketing agency Digible, Inc. recently announced the hiring of David Lerchbacher, affectionately known as Lerch, as Chief Data Officer. Lerch joins Digible with over 20 years of experience in data and consumer analytics, financial planning and analysis, and marketing strategy and attribution. He will oversee Digible’s data team, spearheading product innovation and providing overall agency support.

According to Lerchbacher, his mission is clear:

My goal is to use data and analytics to champion evidence-based decision-making, both for the agency and for our clients. This means leveraging the power of artificial intelligence and machine learning to further advance Digible’s marketing platform, Fiona, turning it into the premiere predictive product for the apartment marketing industry.

Previously the Principal and Founder of Insights Lab, Lerch has extensive experience in helping companies not only assess and analyze organizational data but use it to glean key insights that generate tangible results. He has seen tremendous success in using data analytics to drive innovation. Prior to founding Insights Lab, Lerch spent the bulk of his career as the Director of Consumer Insights, Marketing Strategy, and Operations at Sports Authority, then worked as the Director of Analytics and Market Research at The Denver Post.

Lerch was drawn to the experience and vision of the leadership team at Digible, as well as the opportunity to propel the company to the forefront of ad-tech development:

Digible’s focus on analytics and technology has the agency well positioned to make great strides in the world of apartment marketing. I look forward to working with the data team to improve Digible’s operating efficiency and to continue the advancement of Fiona—a tool that has the capacity to completely transform the industry.

Reid Wicoff, CEO of Digible, views the hiring of Lerchbacher as an important step for the agency:

We are obviously thrilled to have someone of Lerch’s caliber join Digible. His experience and success leading data science and engineering teams coupled with his dynamic vision and incredible character made him an easy choice to become our Chief Data Officer.

Digible is a Denver based agency providing a full spectrum of multi-platform digital marketing solutions for the apartment industry. With progressive research, cutting-edge technology and world-class customer service, Digible is designed to accelerate the world of multi-family marketing.

For more information, please contact Reid Wicoff at (720) 456-9644 or email hello@digible.com.

 

SOURCE Digible

Turkey E-learning Market is Expected to Reach Over USD 200 Million by the Year Ending 2023: According to Market Research Report by Ken Research

GURUGRAM, India, Sept. 30, 2019 /PRNewswire/ —

  • The increase in the total number of schools and the decreasing teacher to pupil ratio has awakened the need for digital education in Turkey.
  • Government Initiatives such as Turkey’s Ambitious Vision of 2023 has helped to boost the ICT infrastructure of Turkey hence helping the population of Turkey to have a better reach to internet and digitization. According to the Government, the most important specialty of new education models is to remove the concept of class and develop a society educational environment and have similar specialties in all the educational establishments such as school, universities, and education units of the enterprise.
  • The total increase in the number of foreign players entering the Turkey E-learning market will provide an opportunity to witness innovative technology services and quality content in the E-learning hemisphere. The technology services are expected to grow at a forecasted CAGR of 13.4% during 2019-2023. On the other hand, content service is expected to grow at a CAGR of 8.8% for the forecasted period of 2019-2023.
Ken_Research_Logo

Development of Technology Infrastructure within Turkey: The E-learning space in Turkey is expected to see new developments in the field of computer technology as they are able to realize radical changes in education process, which is hunger for all kinds of reforms and technological developments. In other words, new technologies produce very suitable solution possibilities for chronic problems of the education systems. One of the prominent factors which are further estimated to support future growth is the anticipation of rapid increase in the number of internet users in the country. The growing internet penetration in the country is one of the major sources of expanding customer base for the players operating in Turkey E-learning industry. The total number of internet users is expected to reach to 56.0 million by 2019.

Mergers and Acquisitions in the future: The country will benefit from major foreign players investing in the sector by establishing a partnership with a local or domestic player. The increase in the number of tie ups between the E-learning providers and universities will increase the scope for access to E-learning. The need for advanced technologies such as augmented reality and quality content will drive the market towards improvement in terms offerings in the market. 

Strong Government Initiatives: As a part of government initiatives such as Vision 2023 Turkey and the development of Turkey ICT sector overall will collectively aid in providing necessary infrastructure for delivering good quality online content. The FATIH Project initiative of the Turkey government has helped inculcate internet as a part of school infrastructure. One of the goals of the project is to set up smart boards (interactive white boards) and increase internet infrastructure-readiness therefore, creating a positive impact on market revenues in the near future.

Analysts at Ken Research in their latest publication Turkey E-Learning Technology and Content Market Outlook to 2023 – Growing Demand for M-Learning and Higher Use of Videos and Animation to Foster Market Growth” believe that Turkey E-learning Industry is projected to register a positive CAGR of 10.8% in terms of revenues during the forecasted period 2019-2023. Increasing number of internet users, rising government efforts to grow E-learning in Turkey, adoption of modern technology by the learners, and growing use of Learning Management Systems (LMS) by the corporate sector to integrate their process are expected to drive Turkey E-learning industry in the near future.

Key Segments Covered:

  • By Content Services and Technology Services
    • By Type of Content
      • Open Courseware
      • Multimedia
      • Online Tests
      • Others such as uploading existing content
    • By Content Format
      • Video
      • Audio
      • Text
    • By Source of Learning
      • MOOC’s
      • E-Books
      • M-learning
      • Gamification
    • By Type of Technology
      • LMS
      • Smart Class
      • Smart Authoring Tools
  • By Type of End Users
    • Schools
    • Universities
    • Corporates
    • Others (Business-to-consumer end users)

Time Period Captured in the Report:

  • Historical Period 2013-2018
  • Forecast Period 2019-2023

Key Target Audience

  • Schools (K-12)
  • Ed Tech Companies
  • Universities
  • LMS providers
  • Vocational Education Institutes
  • Test Prep Tutoring Companies
  • Education Ministry

Companies Covered

  • Enocta
  • Einstein
  • Blackboard
  • Infinity Teknoloji
  • Moodle
  • Idea E-learning Solutions
  • Canvas
  • GLOBED
  • Udemy
  • Respongo
  • Bilgi Kurdu
  • iSpring
  • Advancity

Key Segments Covered in the Report

  • Executive Summary
  • Research Methodology
  • Turkey E-learning Market Introduction
  • Turkey E-learning Market Value Chain Analysis
  • ICT Programs in Turkey
  • Turkey E-learning Market Size by Revenue, 2013-2018
  • Turkey E-learning Market Segmentation, 2013-2018
  • Trends and Developments in Turkey E-Learning Market
  • Issues and Challenges in Turkey E-Learning Market
  • Regulatory Framework in Turkey E-Learning Market
  • Vendor Selection Process in Turkey E-Learning Market
  • Decision Making Process in Turkey E-Learning Market
  • SWOT Analysis for Turkey E-Learning Market
  • Competitive Landscape of Turkey E-learning Market
  • Turkey E-learning Market Future Outlook and Projections, 2019-2023
  • Reasons to Invest in Turkey E-learning Market
  • Customer Profiling of Turkey E-learning Market
  • Analyst Recommendations for Turkey E-Learning Market

For more information on the market research report please refer to the link below:

https://www.kenresearch.com/education-and-recruitment/education/turkey-e-learning-technology-and-content-market/248567-99.html

Other Related Reports

Philippines E-Learning Market Outlook to 2023 – By Content (Multimedia, Open Courseware, Online Tests and Others), By Technology (LMS, Smart Classes and Smart Authoring Tools), By Source of Learning (E-Books, MOOCs, Gamification and M-Learning), and By End Users (Schools, Universities, Corporates, Vocational training and Others

The report provides a comprehensive analysis on the E-Learning market of Philippines. The report covers various aspects including introduction on Philippines E-Learning market, Market Overview and Genesis, Market Ecosystem, Heat map, trends and developments, issues and challenges, SWOT analysis, competitive landscape, and government regulations. The report concludes with future market segmentation and analyst recommendations highlighting the major opportunities and cautions.

Philippines E-learning market is at the nascent stage. Philippines E-Learning market in terms of revenue has increased at a positive double digit CAGR during the period 2013-2018. The market is gradually growing owing to government initiatives, rising internet penetration in the country coupled with the fact that more high schools are opting for e-learning courses and students adapting newer techniques for learning such as videos, animations, gamification and open courseware. The customers in the market are highly price sensitive as there are many players present in the market.

Penetration in Philippines E-Learning market is low due to lack of trained teachers and reluctance towards diverting from traditional methods of teaching. E-Learning services are used by both higher education institutions and MNCs in the country, with schools dominating the demand for such services. The students opting for e-learning services mainly use the open courseware and multimedia content while the MNCs, mostly BPO’s, largely uses LMS services for providing training to their employees.

South Africa E-Learning Market Outlook to 2023 – By Content (Open Courseware, Customized Multimedia, Simulation Content and Online Test), By Technology (Learning Management System, Smart Classes, Smart Authoring Tools) By Sector (Corporate, Higher Education, K-12 and Vocational training) and By End Users (Corporate Enterprise, Home Users, Non-profit Organizations and Government)

The report provides a comprehensive analysis on the E-Learning market of South Africa. The report covers various aspects including introduction on South Africa E-Learning market, pricing analysis, Market Overview and Genesis, Heat map, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market projection and analyst recommendations highlighting the major opportunities and cautions.

South Africa E-learning market is at the nascent stage. South Africa E-Learning industry revenue has increased at a positive double digit CAGR during the period 2013-2018. The market is gradually increasing with more number of schools opting for e-learning courses and students adapting newer techniques for learning such as videos, animations and open courseware. The customers in the market are highly price sensitive as there are many players present in the market.

The South Africa E-Learning market has low penetration rate due to lack of trained teachers and low internet penetration in the country. E-Learning services are used by both higher education institutions and MNCs operating in the country. The students opting for e-learning services largely use the open courseware and educational videos, whereas the MNCs majorly prefer LMS services for providing training to their employees

Saudi Arabia E-learning Market Outlook to 2021 – By Content (Open Courseware, Multimedia, Online Test and Assessments) and Technology Services (LMS, Smart Classes, Smart Authoring Tools)

The report provides a comprehensive analysis of online education market in KSA. The report provides information on e-learning market introduction, market size by revenue, market segments by content services including Multimedia, Open Courseware, Online Tests and Assessment in Video, Audio and Text Form) and by technology services including Learning Management System, Smart Classes, Smart Authoring Tools. The report also provides online education technology and content programs for K-12 schools/ students, Higher Education universities and students, Corporate and Government Bodies and Others. The report covers trends, challenges, business model and competitive landscape of major players along with future outlook and analyst recommendation.

The stakeholders of this report include education institutes, schools, universities, training centers, companies involved in research, corporate professionals, teachers and students in KSA and the new entrants and venture capitalists who wish to invest in online education industry in future.

Malaysia E-Learning Market Outlook 2023 – By Technology (LMS, Smart Authoring Tools, Smart Classes) and Content (Multimedia, Online Test, Open Courseware,   Simulation Content), By End Users (Universities/ Higher Education, K-12 Schools, Corporate, Home Users)

The report provides E-learning market overview covering ecosystem, market overview and genesis, value chain, market size, market segmentations, trends and developments, issues and challenges, regulatory framework, decision making process, SWOT analysis, competitive scenario, service matrix, company profiles of major players such as Appstronic, Deskera and others. The report concludes by cover the future industry revenue and segmentation and giving recommendations regarding the Market.

Malaysia E-Learning Market is in its nascent stage, growing at a CAGR of 16.4%. Malaysia is rich in terms of resources to develop E-Learning content, but outsource the requirements to develop E-Learning technology overseas. The end users are price sensitive and prefer to choose custom features within the LMS and develop custom content that it delivers more value over time. Malaysia is gradually accepting global E-Learning trends such as Gamification, AR, VR and MOOC’s. Malaysia MOOC’s was established to provide MOOC’s compliant with the Malaysian Education Standard and to help higher education students in specific subjects. It currently offers 92 courses, and has 391,845 students. The political scenario in Malaysia witnessed a major change when the ruling Party in Malaysia changed in 2018, after 61 years, to Pakapan Harapan, which promises to take efforts into improving the Quality of MOOC’s in Malaysia, in the coming years

Vietnam E-Learning Market Outlook to 2023 – Driven by Rising Adoption of Smartclasses, E-books in Schools and MOOCs and Smart Authoring Tools in Corporate Training and Test Preparation Segment

The report provides a comprehensive analysis on the E-Learning market of Vietnam. The report covers various aspects including Vietnam E-Learning market overview and genesis, Vietnam E-learning market value chain analysis, market size by revenue, market segmentation by content and technology services, by type of end users (schools, universities, corporate and others), by type of offerings (LMS, smart class, packaged content, smart authoring tool, digitized services), by the type of LMS (LMS Self Hosted and LMS Firm Hosted), by the smart class market (online live session and online class session), by the type of packaged content market in the B2B and B2C scenario (custom made courses and standard courses), by type of smart authoring tools market (content editing tools, simulation and gamification) and by the source of viewing content (mobile, PC browser, PC firm software) market ecosystem, heat map, trends and developments, issues and challenges, SWOT analysis, competitive landscape and government regulations. The report concludes with future market segmentations and analyst recommendations highlighting the major opportunities and cautions.

The E-learning market in Vietnam grew at a positive double digit CAGR between 2013 and 2018. There has been an increase in the number of internet users over the years. The internet penetration rate has increased by 8.0% from 2017 to 2019. In 2017, the internet penetration rate of Vietnam was 53.0% which now accounts to 61.0% in the year 2019. The increase in the number of internet users in Vietnam indicates that more people has access to internet, hence, making learning through internet easier. With the emergence of ICT in Vietnam, the government took initiatives to promote Internet of Things, big data, 4G LTE, 5G and artificial intelligence in Vietnam. Along with the entry of 4G and 5G network, the total number of smartphone users was witnessed to increase thereby, improving the scope for E-learning within Vietnam.

Contact Us:
Ankur Gupta, Head Marketing
Ken Research Private Limited
Ankur@kenresearch.com
+91-9015378249

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SOURCE Ken Research

Gridsum Announces Management Changes

BEIJING, Sept. 29, 2019 /PRNewswire/ — Gridsum Holding Inc. (“Gridsum” or the “Company”) (NASDAQ:GSUM), a leading provider of cloud-based big-data analytics and artificial intelligence (“AI”) solutions in China, today announced that Mr. Ravi Sarathy, previously co-chief financial officer of the Company, has been appointed as the chief financial officer of the Company, effective September 30, 2019.  Concurrently with this appointment, Mr. Michael Peng Zhang, previously co-chief financial officer of the Company, has resigned from his position and will continue to serve the Company as Vice President in charge of corporate development.

About Gridsum

Gridsum Holding Inc. (NASDAQ: GSUM) is a leading provider of cloud-based big-data analytics and AI solutions for multinational and domestic enterprises and government agencies in China. Gridsum’s core technology, the Gridsum Big Data Platform and the Gridsum Prophet: Enterprise AI Engine, is built on a distributed computing framework and performs real-time multi-dimensional correlation analysis of both structured and unstructured data. This enables Gridsum’s customers to identify complex relationships within their data and gain new insights that help them make better business decisions. The Company is named “Gridsum” to symbolize the combination of distributed computing (Grid) and analytics (sum). As a digital intelligence pioneer, the Company’s mission is to help enterprises and government organizations in China use data in new and powerful ways to make better-informed decisions and be more productive.

For more information, please visit http://www.gridsum.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as “may,” “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Forward-looking statements involve inherent risks and uncertainties. Many factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to unexpected difficulties in pursuit of our goals and strategies, unpredictability of demand for new solutions Gridsum has developed, difficulties keeping and strengthening relationships with customers, potential difficult expanding our customer base or securing new orders from existing customers, potentially costly research and development activities, liquidity and the availability of additional capital when needed, and weaknesses of our internal controls, competition in the digital intelligence market, PRC governmental policies relating to media, software, big data, the internet, internet content providers and online advertising; and general economic and business conditions . Further information regarding these and other risks is included in Gridsum’s annual report on Form 20-F and other reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Gridsum undertakes no duty to update such information except as required under applicable law.

Investor Relations

Gridsum
ir@gridsum.com

Christensen

In China
Mr. Christian Arnell
Phone: +86-10-5900-1548 
Email: carnell@christensenir.com

In U.S. 
Mr. Tip Fleming 
Phone: +1 917 412 3333 
Email: tfleming@christensenir.com

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SOURCE Gridsum Holding Inc.

New JLL Technologies Group to Be Led by Mihir Shah and Yishai Lerner

CHICAGO, Sept. 30, 2019 /PRNewswire/ — JLL (NYSE:JLL) today announced the formation of JLL Technologies, a new business division that will align and expand its technology and digital initiatives, and accelerate innovation in commercial real estate for its investor and occupier clients. Longtime Silicon Valley veterans Mihir Shah and Yishai Lerner, who have led JLL Spark since 2017, have been named to oversee JLL Technologies and will join the company’s Global Executive Board. 

“JLL is embracing technology to meet the needs of clients today and anticipate the opportunities of tomorrow. We are reshaping the future of work and the built environment,” said Christian Ulbrich, JLL CEO. “Mihir and Yishai bring a growth mindset to JLL Technologies. Under their leadership, JLL is positioned to be a global leader in real estate technology.”

JLL Spark was created to accelerate the adoption of technology in commercial real estate. The $100 million global venture fund has invested in 14 proptech startups around the globe to date. JLL Spark will now become part of JLL Technologies, along with the teams that create digital products and services for the company and its clients. As Co-CEOs of JLL Technologies, Shah and Lerner will continue to report directly to Ulbrich.

“We are leveraging technology to increase the value and liquidity of the world’s buildings while enhancing the happiness and productivity of those who occupy them,” said Shah, Co-CEO at JLL Technologies. “We look forward to adding new talent, technology products and partnerships in the months ahead.”   

JLL has a history of technology innovation, launching new products and services to better suit the changing needs of the workplace and improve the real estate lifecycle. For example, earlier this year, the company launched JiLL, an AI-powered, conversational smartphone app that helps employees streamline their work and be more productive. JLL’s technology portfolio also includes advisory solutions like Utilization Intelligence which helps clients better leverage their real estate footprints, and products like Corrigo, a cloud-based facility management platform. By bringing these core competencies and internal software development under one business division, JLL is well-positioned to accelerate innovation.

“Taking a data-driven, technology-first approach is key to building value for our clients and shareholders, and, with the rise of technologies like machine learning, artificial intelligence, IoT and software automation, there is enormous opportunity to achieve better outcomes,” said Lerner, Co-CEO at JLL Technologies. “Some truly breakthrough research, innovative product development and cutting-edge consulting is happening across JLL. By aligning efforts and leveraging the best from the ecosystem, we can have an even greater impact.”

About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of nearly 92,000 as of June 30, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit ir.jll.com.

Connect with us
https://www.linkedin.com/company/jll  
https://www.facebook.com/jll  
https://twitter.com/jll  

Contact: Gayle Kantro
Phone: +1 312 228 2795
Email: Gayle.Kantro@am.jll.com 

Contact: Laura Kelso
Phone: +1 415 490 3439
Email: Laura.Kelso@am.jll.com

(PRNewsfoto/JLL)

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SOURCE JLL-IR