Commerce Cloud Market Worth $27.0 Billion by 2024 – Exclusive Report by MarketsandMarkets™

CHICAGO, July 12, 2019 /PRNewswire/ — According to a new market research report Commerce Cloud Market by Component (Platforms and Services), Organization Size, Application (Electronics, Furniture, and Bookstores, Grocery and Pharmaceutical, Automotive, and Fashion and Apparel), and Region – Global Forecast 2024″, published by MarketsandMarkets™, the global Commerce Cloud Market size is expected to grow from USD 8.9 billion in 2019 to USD 27.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 24.9% during the forecast period.

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Increased flexibility and performance, and reduced time and cost are expected to spur the demand for commerce cloud offerings across the globe.

Browse in-depth TOC on “Commerce Cloud Market

55 – Tables

33 – Figures   

117 – Pages     

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Focus on selecting the right commerce cloud solution to drive the adoption of training and consulting services

Training and consulting services are provided by highly qualified industry or domain experts. Organizations hire experts to gain an enhanced strategic outlook, improve their overall performance, and transform their business operations. By offering consulting services, enterprises understand the competencies of different commerce cloud vendors. Moreover, these services help reduce risks, minimize complexities, and increase Reutrn on Investment (RoI). Additionally, consulting services enable enterprises in making smarter decisions for the growth of their businesses. Furthermore, with the help of consulting services, the commerce cloud providers can offer tailored commerce cloud solutions to their customers and deliver maximum benefits.

Large enterprises to deploy commerce cloud platforms to effectively execute trading strategies

As commerce cloud technologies are simplifying the Information Technology (IT) aspects, several enterprises have replaced their traditional data center infrastructure technologies and various other management processes with cloud computing. Hence, a number of enterprises have built strategies inclined toward commerce cloud enablement. The major benefit large enterprises have with cloud transformation, is that the commerce cloud services are maintained and supported by the vendors themselves. Firms can thereby engage their employees in more strategic business tasks. The demand for flexible, scalable, and convenient commerce cloud solutions for large enterprises pushes service providers to come up with new technologies and offer innovative solutions. Hence, the Commerce Cloud Market for large enterprises is growing.

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North America to dominate the global Commerce Cloud Market in 2019

North America is expected to be the largest contributor among all the regions, owing to its adoption of commerce cloud platforms and solutions by enterprises. The top countries in the North American region, contributing to the growth of the Commerce Cloud Market, include the US and Canada. The enterprises present in various countries of this region, especially in the US, have leveraged Artificial Intelligence (AI), Machine Learning (ML), and deep learning technologies as a part of their ongoing business process to stay competitive in Commerce Cloud Market. North American countries have a well-established economy, which enables commerce cloud vendors to invest in new technologies. Furthermore, the region is regarded as the center of innovation where ITgiants are rolling out new offerings and aggressive collaborations are taking place pertaining to the Commerce Cloud Market.

The report also studies various growth strategies, such as mergers and acquisitions, partnerships and collaborations, and developments, adopted by the major players to expand their presence in the Global Commerce Cloud Market. Major vendors in the Commerce Cloud Market include IBM (US), SAP (Germany), Salesforce (US), Apttus (US), Episerver (US), Oracle (US), Magento (US), Shopify (Canada), BigCommerce (US), and Digital River (US), Elastic Path (Canada), VTEX (Brazil), commercetools (Germany), Kibo (US), and Sitecore (India).

Browse Adjacent Markets:https://www.marketsandmarkets.com/security-market-research-115.html Cloud Computing Market Research Reports & Consulting

Related Reports:

Cloud Computing Market by Service Model (Infrastructure as a Service (IaaS), Platform as a Service (PaaS), and Software as a Service (SaaS)), Deployment Model (Public, Private, and Hybrid), Organization Size, Workload, Vertical, and Region – Global Forecast to 2023

https://www.marketsandmarkets.com/Market-Reports/cloud-computing-234.html

M Commerce Market by Transactions (M Retailing, M Ticketing/Booking, M Billing, Other M Commerce Services), Payment Modes (NFC, Premium SMS, WAP, Carrier Billing), Users (Smart Devices, Feature Phones) – Worldwide Forecasts & Analysis (2014 – 2019)

https://www.marketsandmarkets.com/Market-Reports/mobile-commerce-market-184.html

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Homeland Security Research Corp. (HSRC): Critical Infrastructure Protection Market to Reach $106B by 2025

WASHINGTON, July 12, 2019 /PRNewswire/ — Homeland Security Research Corp. (HSRC) published their latest report, Critical Infrastructure Protection Market– 2019-2025. This 1123-page market report is the most comprehensive review of the global CIP market available today. The objective of this report is to provide today’s strategic decision-makers with an expert 360-degree, time-sensitive, detailed view of this interconnected market.

In upcoming years, the Critical Infrastructure Protection (CIP) market and industry are forecast to go through major technology shifts, it is expected to reach $106 billion in 2025. New and maturing technologies, such as Artificial Intelligence, Smart Fences, Big Data & Data Analysis, AI based people identification, Smart Checkpoints, Advanced Cybersecurity and Nano Sensors will create new market segments and fresh business opportunities.

This market report, which consists of 3 volumes, presents a thorough analysis of 5 vertical, 5 technology, 5 regional, 5 revenue sources and 43 national markets, detailing 232 relevant 2018-2025 submarkets.

Questions answered in this report include:

  • What is the CIP market size and what are the trends of 232 submarkets during 2018-2025?
  • What are the CIP submarkets that provide attractive business opportunities?
  • Who are the decision-makers?
  • What drives the customers to purchase CIP solutions and services?
  • What are the CIP customers looking for?
  • What are the CIP technology & services trends?
  • What are the 10 Vertical and Technology markets SWOTs (Strengths, Weaknesses, Opportunities and Threats)?
  • What are the challenges to CIP market penetration & growth?

The Critical Infrastructure Protection market growth is driven by the
following factors:

  • Cybersecurity
  • Infrastructure expansion projects by China and India
  • Terror and crime threats
  • New and maturing technologies, (e.g., High Sensitivity X-ray
    Detectors, Artificial Intelligence NPR Based Threat classification, Big Data
    & Data Analysis, Machine Learning Based Automated (EDS & X-ray) Image
    Interpretation & Smart Sensors, Cybersecurity, and 3D Facial Biometrics.
  • President Trump’s national security agenda
  • PRC President Xi’s internal security policy

For more information, or to purchase a copy, please visit us here.

Other reports recently published by HSRC include:

About Homeland Security Research Corp. (HSRC)

Homeland Security Research Corp. (HSRC) is an international market and technology research firm specializing in the Homeland Security (HLS) & Public Safety (PS) industry. HSRC provides premium off-the-shelf and customized market reports on present and emerging technologies and industry expertise, enabling global clients to gain time-critical insight into business opportunities. HSRC’s clients include the U.S. Congress, DHS, U.S. Army, U.S. Navy, DOD, DOT, GAO, NATO and EU, among others; as well as government agencies in Japan, Korea, Taiwan, Israel, Canada, UK, Germany, Australia, Sweden, Finland, Singapore. With over 950 private sector clients (73% returning), including major defense and security contractors and Fortune 2000 companies, HSRC earned the reputation as the industry’s Gold Standard for HLS & PS market reports.

Washington D.C. 20004, 601 Pennsylvania Ave., NW Suite 900,
Tel: 202-455-0966, info@hsrc.biz, www.homelandsecurityresearch.com

Contact: Naomi Sapir
Phone: +1-202-455-0966
E-mail: naomi@hsrc.biz

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SOURCE Homeland Security Research Corp. (HSRC)

Lufax CPO Jeff Li Lauds the Democratizing Power of Tech at the RISE Conference

HONG KONG, July 12, 2019 /PRNewswire/ — RISE, Asia’s largest tech conference, took place in Hong Kong this week. At Thursday afternoon’s “How to Win in Asia” panel on the Centre Stage, Lufax chief product officer Jeff Li joined a discussion with the co-founder of both Skype and Oriente Geoffrey Prentice, Silicon Dragon Venture’s Rebecca Fannin, and The Economist Global Business Review’s Wu Chen, who moderated the panel.

The panelists shared their insights on the burgeoning tech scene in Asia, addressing topics such as the rise of Chinese tech titans, the asymmetrical levels of tech and financial knowledge in Asia vis-à-vis the West, as well as how Chinese companies are leading innovations, seeing their ideas travel beyond the borders of China, and transforming their businesses to adapt to an ever-changing landscape.

“Lufax was founded in 2011 on the principle of financial inclusion and helping people reach their financial targets,” said Jeff Li, “We have always remained nimble and strived to stay ahead of the curve by diversifying our service offerings.” Li explained that personal wealth in China had grown exponentially in the recent years, with investable asset and disposable income reaching ever-new heights. Lufax’s portfolio has since expanded into providing turnkey financial solutions to local governments and financial institutions, as the company continuously strengthens its wealth management core with technology.

Technology has been the main driver for Lufax’s continued growth, and suitability assessment is a prime example of how Lufax adds value with technology. “As a provider of financial services, risk management is the key for us,” expounded Li, “The application of big data technologies and artificial intelligence within our dynamic KYC system allows us to help better assess the risk appetite, capacity, and attitude of individual customers.”

At the same time, Lufax leverages big data technologies in evaluating the risk of underlying assets of financial products, and thus helps its investors make informed decisions. “We use artificial intelligence to scan and assess the vast reams of market data, create knowledge graph, and help visualize information for our customers in an easily digestible and understandable fashion.” These powerful technologies have helped build Lufax’s data-driven risk management apparatus and allowed for real-time optimal matches.

Lufax has also exhaustively combed through all the nodes and specks on its platform, using algorithmic models to anticipate potential issues and actively provide support throughout the entire customer life cycle.

Panelists observed that while the people in Asia are generally more savvy than those in the West with mobile phones, they are often not as financially sophisticated as their western counterparts. Li stressed the imperativeness of investor education, and discussed Lufax’s commitments to help raise financial literacy, build reliable risk profiles, and help investors understand the multiple dimensions of risk. “Lufax advocates for diversification through an asset allocation plan,” said Li, “Investor education is not only an integral part of compliance, but also helps our customers better understand risks and be informed with the health of their investments. Through this we are able to nudge our customers toward more suitable products.”

Looking ahead, while all panelists agreed Asian tech titans and Silicon Valley incumbents each had their fair share of both ingenuity and issues, Li also saw opportunities in the democratizing power of tech. “With the advancement of technologies such as 5G networks, the next generation of mobile infrastructure, the divide between urbanites and ruralites will narrow and begin to gradually diminish,” envisioned Li, “Such convergence will inject more, and more diverse, brainpower into the equation, and open up new possibilities.” The cautiously optimistic Li argued that results should be measured based on how much value they add for the customers and not from where they came.

About Lufax
Lufax is a world-leading comprehensive online wealth management platform. The company leverages its global financial footprint and technological innovations in building its comprehensive risk management apparatus, and provides institutions, enterprises, and qualified investors with secure, professional, efficient services in financial transactions and information.

About RISE
RISE is the largest tech conference in Asia. It is produced by the team behind Web Summit and Collision – two of the largest and fastest-growing tech conferences on the planet. Leaders from the world’s biggest companies and most exciting startups flock to Hong Kong to share their stories. They are joined by journalists from major global media outlets, hundreds of influential investors, and thousands of attendees for three days of unparalleled networking potential.

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SOURCE Lufax

Extreme Networks Commences Previously Announced Cash Tender Offer to Acquire Aerohive Networks

SAN JOSE, Calif., July 12, 2019 /PRNewswire/ — Extreme Networks, Inc. (“Extreme”; Nasdaq: EXTR) announced today that its wholly-owned subsidiary, Clover Merger Sub, Inc. (“Purchaser”), is commencing a cash tender offer to purchase all outstanding shares of common stock of Aerohive Networks, Inc. (“Aerohive”; NYSE: HIVE) at an offer price of $4.45 per share. The tender offer is being made pursuant to an Offer to Purchase, dated July 12, 2019 (the “Offer to Purchase”), and in connection with the Agreement and Plan of Merger, dated June 26, 2019, by and among Extreme, Purchaser and Aerohive (the “Merger Agreement”), which Extreme and Aerohive previously announced on June 26, 2019.

Extreme Networks Logo (PRNewsFoto/Extreme Networks) (PRNewsFoto/Extreme Networks) (PRNewsfoto/Extreme Networks, Inc.)

The tender offer will expire at midnight (New York City time) at the end of the day on Thursday, August 8, 2019, (such date and time, the “Expiration Date”), unless (i) the Purchaser extends the period during which the tender offer is open pursuant to and in accordance with the terms of the Merger Agreement, in which event the term “Expiration Date” will mean the latest date and time at which the offer period, as so extended by the Purchaser, will expire or (ii) the Merger Agreement has been earlier terminated. Pursuant to the Merger Agreement, Purchaser will extend the offer period for any period required by applicable law or rules and regulations of the Securities and Exchange Commission (the “SEC”), and for one or more periods of 10 business days each, if at the Expiration Date any of the conditions to the tender offer have not been satisfied.

The tender offer is not subject to any financing condition. The tender offer is conditioned upon (i) there being validly tendered in the tender offer and not properly withdrawn prior to the Expiration Date, that number of shares of common stock which, together with the number of shares of common stock then owned by Extreme or any of its wholly-owned direct or indirect subsidiaries, including the Purchaser, represents at least a majority of the shares of common stock then outstanding (determined in accordance with the Merger Agreement) and no less than a majority of the voting power of the shares of capital stock of Aerohive then outstanding (determined in accordance with the Merger Agreement) and entitled to vote upon the adoption of the Merger Agreement and approval of the Merger (excluding from the number of tendered shares, but not from the number of outstanding shares, shares tendered pursuant to guaranteed delivery procedures (to the extent such procedures are permitted by the Purchaser) that have not yet been delivered in settlement or satisfaction of such guarantee); (ii) the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, and the German Act against Restraints of Competition, having expired or been terminated; and (iii) the satisfaction or waiver by the Purchaser of the other conditions and requirements of the tender offer. As soon as practicable following the consummation of the tender offer, Purchaser will merge with and into Aerohive with Aerohive continuing as the surviving corporation and as a wholly-owned subsidiary of Extreme.

MacKenzie Partners, Inc. is acting as information agent and Computershare Inc. is acting as depositary and paying agent in the tender offer. Requests for documents and questions regarding the tender offer may be directed to the information agent by telephone at (800) 322-2885.

About Extreme Networks 
Extreme Networks, Inc. (EXTR) delivers software-driven solutions from the enterprise edge to the cloud that are agile, adaptive, and secure to enable digital transformation. Our 100% in-sourced services and support are number one in the industry. Even with 30,000 customers globally, including half of the Fortune 50 and some of the world’s leading names in business, hospitality, retail, transportation and logistics, education, government, healthcare and manufacturing, we remain nimble and responsive to ensure customer and partner success. We call this Customer-Driven Networking™. Founded in 1996, Extreme is headquartered in San Jose, California. For more information, visit Extreme’s website or call 1-888-257-3000.

About Aerohive Networks
Aerohive uses Cloud Management, Machine Learning, and Artificial Intelligence to radically simplify and secure the Access Network. Our Cloud-Managed Wireless, Switching, Routing, and Security technologies provide unrivalled flexibility in deployment, management, and licensing. Credited with pioneering Controller-less Wi-Fi and Cloud Management, Aerohive delivers continuous innovation at Cloud-speed that constantly challenges the industry norm, allowing customers to rethink what’s possible. Our innovations and global cloud footprint radically simplify Access Network operation for 30,000+ customers and 10+ million daily users. See how at www.aerohive.com/customers.

Aerohive was founded in 2006 and is headquartered in Milpitas, CA. For more information, please visit www.aerohive.com, call us at 408-510-6100, follow us on Twitter @Aerohive, subscribe to our blog, or become a fan on our Facebook page.

Additional Information and Where to Find It

The description contained herein is for informational purposes only and is not a recommendation, an offer to buy or the solicitation of an offer to sell any shares of Aerohive’s common stock. Extreme has filed or caused to be filed a Tender Offer Statement on Schedule TO with the SEC and Aerohive will file a Solicitation/Recommendation Statement on Schedule 14D-9 with the SEC related to the tender offer. The Tender Offer Statement (including an Offer to Purchase, a related Letter of Transmittal and other tender offer documents) and the Solicitation/Recommendation Statement will contain important information that should be read carefully before any decision is made with respect to the tender offer. Those materials will be made available to Aerohive’s stockholders at no expense to them. In addition, all of those materials (and any other documents filed with the SEC) will be available at no charge on the SEC’s website at www.sec.gov.

Cautionary Statement Regarding Forward-Looking Statements

Certain statements in this communication may constitute “forward-looking statements”.  Forward-looking statements may be typically identified by such words as “may,” “will,” “could,” “should,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions. These forward-looking statements are subject to known and unknown risks and uncertainties that could cause our actual results to differ materially from the expectations expressed in the forward-looking statements. Although Extreme and Aerohive believe that the expectations reflected in the forward-looking statements are reasonable, any or all of such forward-looking statements may prove to be incorrect. Consequently, no forward-looking statements may be guaranteed and there can be no assurance that the actual results or developments anticipated by such forward looking statements will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Extreme, Aerohive or their respective businesses or operations.

Factors which could cause actual results to differ from those projected or contemplated in any such forward-looking statements include, but are not limited to, the following factors: (1) the risk that the conditions to the closing of the transaction are not satisfied, including the risk that Purchaser may not receive sufficient number of shares tendered from Aerohive stockholders to complete the tender offer; (2) litigation relating to the transaction; (3) uncertainties as to the timing of the consummation of the transaction and the ability of each of Aerohive and Extreme to consummate the transaction; (4) risks that the proposed transaction disrupts the current plans and operations of Aerohive or Extreme; (5) the ability of Aerohive to retain and hire key personnel; (6) competitive responses to the proposed transaction; (7) unexpected costs, charges or expenses resulting from the transaction; (8) potential adverse reactions or changes to business relationships resulting from the announcement or completion of the transaction; (9) Extreme’s ability to achieve the growth prospects and synergies expected from the transaction, as well as delays, challenges and expenses associated with integrating Aerohive with its existing businesses; and (10) legislative, regulatory and economic developments. The foregoing review of important factors that could cause actual events to differ from expectations should not be construed as exhaustive and should be read in conjunction with statements that are included herein and elsewhere, including the risk factors included in Aerohive’s recent Quarterly Report on Form 10-Q, Extreme’s most recent Quarterly Report on Form 10-Q, and Aerohive’s and Extreme’s more recent reports filed with the SEC. Aerohive and Extreme can give no assurance that the conditions to the transaction will be satisfied. Neither Aerohive nor Extreme or its subsidiaries undertakes any intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. Aerohive is responsible for information in this Current Report on Form 8-K concerning Aerohive, and Extreme is responsible for information in this Current Report on Form 8-K concerning Extreme or its subsidiaries.

Extreme’s Quarterly Report on Form 10-Q filed on May 10, 2019 and other filings with the SEC (which may be obtained for free at the SEC’s website at http://www.sec.gov) discuss some of the important risk factors that may affect Extreme’s business, results of operations and financial condition. Extreme undertakes no intent or obligation to publicly update or revise any of these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Extreme Networks and the Extreme Networks logo are trademarks or registered trademarks of Extreme Networks, Inc. in the United States and other countries. Other trademarks shown herein are the property of their respective owners.

Aerohive and Aerohive Networks are registered trademarks of Aerohive Networks, Inc. All product and company names used herein are trademarks or registered trademarks of their respective owners. All rights reserved.

Extreme Contacts:

Investor Relations

Media

Stan Kovler

Christi Nicolacopoulos

919-595-4196

603-952-5005

investor_relations@extremenetworks.com

pr@extremenetworks.com

 

Aerohive Networks, Inc.

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SOURCE Extreme Networks, Inc.

Former China Life Chairman and Ideanomics Independent Director, Mr. Chao Yang, Joins Audit and Compensation Committees

NEW YORK, July 12, 2019 /PRNewswire/ — Ideanomics Inc. (Nasdaq: IDEX) has today announced its independent Director Mr. Chao Yang has been appointed to the company’s audit committee and the compensation committee.

Ideanomics (PRNewsfoto/Ideanomics)

Mr. Yang was appointed President of China Life Insurance Group in 2005, going on to become both Chairman of The Board of China Life Insurance Company Limited and China Life Property & Casualty Insurance Company Limited, respectively. During his tenure, he grew revenue to 190B RMB ($28B USD) by 2005, market cap from 100B to 700B HKD ($13B USD$89B USD), making it the largest life insurance company in the world by market cap, and grew assets under management to 2 Trillion RMB ($293B USD).

“Mr. Yang has been an outstanding member of our Board of Directors. The experience, business acumen, and knowledge of global financial reporting practices that Mr. Yang brings to Ideanomics continues to provide tremendous value for our shareholders,” said Dr. Bruno Wu, Chairman of Ideanomics. “With our expansion and sales in the NECV ecosystem, Mr. Yang will bring great financial reporting process and oversight to our team.”

Mr. Yang was appointed as an Independent Non-Executive Director of the Company on August 7, 2018. Mr. Yang was the chairman of China Life Insurance Company Limited (listed on the Hong Kong Stock Exchange with stock code: 02628) from July 2005 to June 2011, the president and secretary of China Life Insurance (Group) Company from May 2005 to May 2011 and an independent non-executive director of SRE Group Limited (listed on the Hong Kong Stock Exchange with stock code: 01207) from November 2013 to December 2015. Mr. Yang graduated from Shanghai International Studies University and Middlesex University in the United Kingdom, majoring in English and Business Administration respectively, and received a Master’s degree in Business Administration.

Mr. Yang will continue to serve as an independent and non-executive Director until the next annual general shareholder meeting.

The company would like to recognize the exceptional service to its outgoing directors, Mr. Jin Shi and Mr. Richard Frankel. There is no known or material reason, and/or disagreement on any matter related to the Company’s operations, policies, or practices. Mr. Frankel will continue his efforts with the company, on the Board of Directors of its subsidiary Intelligenta.

Intelligenta has begun marketing its services to U.S.-based financial institutions and banking associations, to deliver improved commercial intelligence, decision-making, risk management, client retention and growth, and other efficiencies that demonstrate significant ROI within the financial sector.

About Ideanomics

Ideanomics is a global Financial Technology (Fintech) company for transformative industries. Ideanomics combines deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. Our projects in New Energy Vehicle markets, Fintech, and advisory services provides our customers and partners better efficiencies, technologies, and access to global markets.

Ideanomics, through its investments and, along with its partners curate innovation around the globe through hubs and centers that foster a pipeline of technological excellence in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.

Safe Harbor Statement

This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact 
Tony Sklar, VP of Communications at Ideanomics  
55 Broadway, 19th Floor New York, New York 10006  
Email: ir@ideanomics.com 
www.ideanomics.com 
Tel: +1.212.206.1216

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SOURCE Ideanomics

Global Serious Games Market Surges to $24 Billion by 2024

SEATTLE, July 12, 2019 /PRNewswire-PRWeb/ — According to the new Metaari report “The 2019-2024 Global Game-based Learning Market”, the worldwide five-year compound annual growth rate (CAGR) for Game-based Learning is a robust 33.2% and revenues will more than quadruple to reach well over $24 billion by 2024.

Metaari has revised our revenue forecasts for the global Game-based Learning market significantly upward from previous forecasts.

The Serious Play Conference publishes Metaari’s updated report on the market for serious games every year. This year the conference is being held in Orlando at the University of Central Florida from July 24 through July 26. Sam S. Adkins, Chief Researcher of Metaari, will give the keynote on the Global Game-based Learning Market on Friday July 26.

You can get more details on the conference here:
https://seriousplay-ucf.com/

Sam S. Adkins, CEO of Metaari (formerly Ambient Insight), has been providing market research on the global learning technology industry for more than 25 years. He focuses on identifying revenue opportunities for advanced learning technology suppliers.

“The new report has 491 pages, 126 forecast tables, and 19 charts,” comments Adkins. “Over 2,100 serious game suppliers operating in 122 countries across the globe are identified in this report to help suppliers locate domestic resellers, distributors, and partners. It is the most comprehensive report of the serious game market ever published. This is the fourteenth annual iteration of the report and the market data get more granular every time we update it.”

There are three sections in the report: a detailed analysis of the catalysts, a demand-side analysis, and a supply-side analysis. The demand-side analysis provides revenue forecasts for seven regions, fifty-two countries, and eight buying segments. The supply-side analysis provides five-year forecasts for eleven types of packaged learning games, custom development services, and tools and platforms.

The forecasts in this report break out retail revenues by eleven distinct educational game types based on Metaari’s Pedagogical Framework for Game-based Learning. Revenues for these eleven game types are provided for all the regions combined and a separate breakout is provided for the United States. The framework was derived by reverse engineering high-demand commercial products. The framework provides suppliers with a product roadmap to tap addressable revenue streams for specific types of learning games designed for specific demographics.

“We have identified eight major catalysts driving the global Game-based Learning market. Two of the catalysts include a spike in large-scale distribution agreements and an intense period of merger and acquisition (M&A) activity,” reports Adkins. “The number of large-scale distribution agreements between Game-based Learning companies and global partners spiked in 2017 and 2018. Educational games now reach billions of new users. The market for Game-based Learning is validated when large international companies acquire educational game developers. The big companies don’t create markets; they wait until large revenues are clearly visible before they ‘buy their way in’.”

The US is the top buying country and a great deal of detail is provided for the US in the report including a five-year forecast for each of the eight buying segments and forecasts for each of the eleven types of serious games on the market. The report separates the PreK-12 forecasts by three subsegments: preschool, primary, and secondary. The buying behavior is quite different in each academic subsegment.

“This is the first serious game market report to forecast five-year revenues for AI-based learning games,” adds Adkins. “It is a relatively new type of learning game that has just come on the market in the last three years. We are now able to calibrate revenues by analyzing the baseline data we have collected over the last three years. The global growth rate for AI-based learning games is a robust 34.6% and revenues will climb to just over $800 million by 2024. The growth rate in the US is dramatically higher at a breathtaking 56.5%.”

About Metaari
Metaari (formerly Ambient Insight) is an ethics-based quantitative market research firm that identifies revenue opportunities for advanced learning technology suppliers. We track the learning technology markets in 122 countries. We have the most complete view of the international learning technology market in the industry. Metaari focusses solely on advanced learning technology research on products that utilize psychometrics, neuroscience, game mechanics, robotics, cognitive computing, artificial intelligence, virtual reality, and augmented reality.
http://www.metaari.com

 

SOURCE Metaari

Shaki Moorthy joins MTX as VP of Integrations/Analytics to Lead Mulesoft Practice Efforts

FRISCO, Texas, July 11, 2019 /PRNewswire/ — MTX Group, Inc is excited to announce the addition of Shaki Moorthy as their VP of Integrations/Analytics to lead their Mulesoft practice efforts from the front.

Shaki specializes in building and leading Salesforce Integration and Analytics teams. She comes with over 24 yrs of Industry experience in Consulting Practice. Shaki’s extensive knowledge and expertise on varied integration platforms – particularly MuleSoft – and her strong alliances within the Salesforce ecosystem, is of strategic importance for MTX.

“We are extremely excited to have Shaki lead Integration and Analytics at MTX, especially with Mulesoft, Einstein Analytics and Tableau. Shaki’s in-depth knowledge and core expertise in these areas will help us to strategically align ourselves with Salesforce and its long term strategy,” said MTX Founder and CEO, Das Nobel.

Prior to joining MTX, Shaki was the global practice lead for MuleSoft and Salesforce Einstein at Appirio- Wipro, while she also led the global MuleSoft delivery team.

“I believe investing in people. And I’m excited to be part of MTX because of our CEO, Das Nobel’s leadership style and his vision for this company. Das identifies established and emerging leaders and brings them to the MTX family, where the core values are centered around investing in People, Client Satisfaction and Fun Culture,” Shaki said.

Shaki is a certified Salesforce consultant with over 10 years experience on the Salesforce Platform. She’s also a 5x Dreamforce and 3x Salesforce World Tour and Atlanta MuleSoft Connect event speaker.

“I’m very excited to welcome Shaki to the MTX Family. Analytics and Integration are two growth segments that are strategically crucial to us as we push forward on our 2025 Billion Vision & I strongly believe that Shaki is the best-suited to lead MTX in both these areas. I look forward to working closely with Shaki in our quest to establish MTX as the go to partner in these verticals & beyond,” said Gaurav Kheterpal, CTO, MTX

About MTX
MTX Group, Inc is a global cloud implementation and integration partner, that enables organizations to become a fit enterprises through digital transformation and strategy. MTX is powered by the Maverick.io Artificial Intelligence platform and has a strong presence in the Public Sector providing proprietary designs and innovative concept accelerators.

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SOURCE MTX Group

Noble Systems Executive to Speak at VOICE Summit 2019 at New Jersey Institute of Technology

ATLANTA, July 11, 2019 /PRNewswire-PRWeb/ — Noble Systems Corporation, a global leader in omnichannel contact center technology, announced today that Vice President of Product Development, Jason Ouimette, will lead a panel session at VOICE Summit 2019, taking place July 22-25, 2019, at The New Jersey Institute of Technology (NJIT) in Newark, New Jersey.

VOICE Summit 2019 will convene more than 5,000 developers, designers, C-level executives, leading brands and agencies that are reimagining how society interacts with technology through voice. With 150 breakout sessions, keynotes and executive panels, attendees are presented with firsthand access to the foremost pioneers behind breakthroughs in development, design, monetization, and user experience.

Jason Ouimette, Noble’s resident artificial intelligence expert, will join a panel of industry executives for a 45-minute “Voice and AI in Enterprise – Executive Briefing” on Tuesday, July 23rd, 2019 from 3:00 PM – 3:45 PM ET. Pulling from c-level briefings and industry reports, session attendees will participate in an in-depth discussion on the many ways voice and artificial intelligence can work in an enterprise.

WHAT: Voice and AI in Enterprise – Executive Briefing

WHO: Jason Ouimette, VP of Product Development, Noble Systems
             Collin Davis, GM, Alexa for Business, AWS
             Jon Arnold, Principal, J Arnold & Associates
             Yingbo Zhou, Lead Machine Learning Research Scientist, Salesforce

WHEN: Tuesday, July 23, 2019 from 3:00 PM – 3:45 PM ET

WHERE: WEC 3A at VOICE Summit 2019

Noble Systems offers a comprehensive suite of customer contact solutions for Contact Center, Workforce Engagement, and Analytics in premise, cloud and hybrid environments. This includes the conversational AI tools, Noble® Conversations Analytics and Noble® Conversations Analytics Now, native speech analytics applications for the Noble Contact Center platform that leverages large volumes of recorded conversations to gain actionable business intelligence and to improve quality and customer service using post-call and real-time speech analytics.

Noble makes it possible to use the analyze customer and agent-side conversations and recordings to spot trends, identify underlying reasons for customer calls, improve quality assurance programs, measure script adherence, determine training needs, and much more. The Noble Conversations Analytics products offer robust performance management capabilities with key analytic functionality so companies can uncover what is affecting KPIs, develop solutions, provide proactive responses, and track effectiveness at an agent level.

Noble solutions are installed on tens of thousands of agent workstations at thousands of client sites around the world, including some of the leading organizations in collections, financial services, outsourcing and consumer products arenas. For the past six years, Noble Systems has been named the #1 market leader in outbound solutions for North America by Frost & Sullivan, maintaining a significant presence in the premise market while growing its cloud client-base on the strength of its 99.9999% (six-9s) uptime service reliability.

About Noble Systems
Noble Systems Corporation is a global leader in the customer communications industry, providing innovative solutions for Contact Center, Workforce Engagement, and Analytics technologies. Tens of thousands of agents at client installations worldwide use Noble platforms to manage millions of customer contacts each day. Noble offers a unified suite of inbound, outbound, and omnichannel contact processing, strategy planning, resource management, and compliance tools for companies of all sizes. Our premise, cloud, and innovative premise/cloud hybrid platforms include ACD, predictive dialing, blended processing, recording and monitoring, IVR, messaging, interaction analytics, process automation, workforce management, and gamification. With a portfolio of 190 patents and growing, Noble leads the way in pioneering solutions for the contact center market. For more information, contact Lee Allum at 1.888.8NOBLE8 or visit http://www.noblesystems.com.

About Modev
Modev was founded by Pete Erickson in 2008 on the simple belief that human connection is vital in the era of digital transformation. Today, Modev leverages exponential technologies and methods to build communities at scale, manage transformation strategies and produce market/leading events such as VOICE Summit, sponsored by Amazon Alexa, and Spinnaker Summit, sponsored by Netflix. Modev also curates specialty communities such as Voicehacks, Machinery.ai and Security by Design. Modev staff, better known as “Modevators,” include more than 45 community building and transformation experts from around the world.

About VOICE Summit 2019
VOICE is a multi-day summit at the forefront of natural language processing, sponsored by Amazon Alexa and hosted by Modev. The 2019 Summit will be held at the New Jersey Institute of Technology (NJIT) on July 22-26, 2019 and serve as a gathering place for more than 5000 developers, designers, C-level executives, leading brands and agencies who are reimagining how we interact with technology through voice. The program will consist of keynotes, breakout sessions, workshops and an Awards dinner recognizing the best in voice applications across 12 different categories. Host Committee includes NJIT, City of Newark, Greater Newark Convention and Visitors Bureau and The Newark Community Economic Development Council. http://www.voicesummit.ai.

 

SOURCE Noble Systems

Ideanomics Divests Majority Stake in Electronics Supply Chain Company for Stake in Leading Internet and IOT Entity Targeting 2020 IPO

NEW YORK, July 11, 2019 /PRNewswire/ — Ideanomics Inc. (Nasdaq: IDEX) has today announced it has recently entered into an agreement to divest its 55% stake in the Amer Global electronic parts supply chain business for a 10% stake in the newly-formed, Hong Kong-based, Logistorm. Under the terms of the agreement, Ideanomics, along with other strategic partners including BCC Technology Company Limited, Tekang Holdings, and Beijing Financial as management holdings, among others, will assist Logistorm with improving its robotics and electronic internet industry and IOT business consisting of manufacturing data, supply chain management & financing, and lease financing of industrial robotics.

Ideanomics (PRNewsfoto/Ideanomics)

“The Logistorm team approached Ideanomics to acquire the Amer Global business as part of its plans to enter into the supply chain and trading of electronic parts to help streamline its robotics business operations,” said Alf Poor, CEO of Ideanomics. “This deal enables Ideanomics to get meaningful residual value from the Amer Global business which was already being wound down, in exchange for transitioning our operational expertise in electronic parts trading and for future advisory services ranging from sourcing of financing facilities, up to and including an IPO of the Logistorm business in a 2020 timeframe. This is part of Ideanomics active discussions to divest its legacy operations, with talks ongoing to also divest the oil business along with a number of China-based initiatives that were announced and formed since late 2017. All of this activity allows Ideanomics to focus on its AI, Cleantech, and IPO & Asset Management advisory services which has been previously communicated to the market.”

Ideanomics, directly holds the 10% ownership interest in Logistorm in place of the 55% interest in Amer Global previously owned by its Wide Angle subsidiary. Additionally, Ideanomics will nominate one director to the Board of Directors of Logistorm, as well as, provide advisory services to assist the company in pursuing a public listing on the Nasdaq, or an internationally recognized, leading, stock exchange. Logistorm is formed through the merging of four operating businesses with ongoing revenues, generated by acquisitions, of 12B RMB for the next three years.

About Ideanomics
Ideanomics is a global Financial Technology (Fintech) company for transformative industries. Ideanomics combines deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. Our projects in New Energy Vehicle markets, Fintech, and advisory services provides our customers and partners better efficiencies, technologies, and access to global markets.

Ideanomics, through its investments and, along with its partners curate innovation around the globe through hubs and centers that foster a pipeline of technological excellence in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.

Safe Harbor Statement
This press release contains certain statements that may include “forward looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to transition our business model to become a next-generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of risks and uncertainties, such as risks related to: our ability to continue as a going concern; our ability to raise additional financing to meet our business requirements; the transformation of our business model; fluctuations in our operating results; strain to our personnel management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior management; competitive pressure; our international operations; and other risks and uncertainties disclosed under the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our most recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC website at www.sec.gov.. All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Investor Relations and Media Contact
Tony Sklar, VP of Communications
55 Broadway, 19th Floor New York, New York 10006
Email: ir@ideanomics.com
www.ideanomics.com 
Tel: +1.212.206.1216

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SOURCE Ideanomics

Group-IB Recognised as a Representative Vendor by Gartner in Market Guide for Online Fraud Detection

SINGAPORE, July 11, 2019 /PRNewswire/ — Group-IB, an international company specialised in preventing cyberattacks, online fraud, and investigating high-tech crimes, which has recently opened Global HQ in Singapore, is proud to announce that it was recognised in Gartner’s 2019 Market Guide for Online Fraud Detection1 for its Group-IB Secure Bank/Secure Portal solution. Gartner, the world’s leading research and advisory company, identified Group-IB as a Representative Vendor in Online Fraud Detection.

Group-IB’s Secure Bank/Secure Portal is already trusted by top international companies, including banks and online retailers, protecting more than 70 million of their customers. Based on artificial intelligence and machine learning technologies, Group-IB Secure Bank/Secure Portal detects and prevents online fraud on the client side in real time, across online and mobile channels.

According to Gartner, “Effective online fraud detection requires interpolation of many data types and signals. With the growth of e-business, online fraud detection systems are a necessary component in any security architecture and augment the basic application protection capabilities offered by a web application firewall.”

“We are thrilled that we’re recognized in Gartner’s Market Guide for Online Fraud Detection, which we believe is not only a testament to our expertise, but also a shift in market focus to more advanced anti-fraud solutions that go beyond signature-based detection,” commented Pavel Krylov, Head of Fraud Prevention at Group-IB. “We’ll continue improving our product by speeding up detection and enhancing accuracy even more in order to ensure the security of our customers.”

The Group-IB solution analyses each session, creating a unique device fingerprint to distinguish between normal and suspicious devices, all the while helping AML teams identify money-laundering networks. These metrics are combined with user behaviour and biometrics analytics, which helps distinguish between normal and fraudulent users and identify bot activity with less friction and higher accuracy rates. This information is enriched with Group-IB Threat Intelligence proprietary data on threat actors, malware intelligence, malicious IPs, and compromised data. Group-IB Secure Bank/Secure Portal either sends an automatic notification in real time or blocks the fraudulent activity altogether.      

1 Gartner, Inc. “Market Guide for Online Fraud Detection” by Jonathan Care, Akif Khan, April 30, 2019.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

About Group-IB
Group-IB is a leading provider of solutions aimed at detection and prevention of cyberattacks, online fraud, and IP protection. GIB Threat Intelligence system was named one of the best in class by Forrester and IDC. Group-IB’s technological leadership is built on company’s sixteen years of hands-on experience in cybercrime investigations all over the world and 55 000 hours of cyber security incident response accumulated in the largest forensic laboratory in Eastern Europe and a round-the-clock center providing a rapid response to cyber incidents—CERT-GIB. Group-IB is a partner of INTERPOL, Europol, and a cybersecurity solutions provider, recommended by OSCE.

For further information, please contact:
Sergei Turner  
Communications Manager 
217872@email4pr.com
+65 31593798
https://www.group-ib.com 
https://www.group-ib.com/blog 
Twitter | LinkedIn

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SOURCE Group-IB