IDEMIA Will Present Its H1 2019 Financial Results to Investors on July 30, 2019

PARIS–(BUSINESS WIRE)–IDEMIA, the world leader in Augmented Identity, today announced that it will present its H1 2019 financial results to investors on Tuesday July 30, 2019.

Yann Delabrière (CEO) and Laurent Lemaire (CFO) will be presenting the financial results and taking questions the same day at 3:30 pm CET (2:30 pm London Time / 9:30 am New York Time).

For more information, please refer to our website: https://investors.idemia.com/

About IDEMIA

IDEMIA, the global leader in Augmented Identity, provides a trusted environment enabling citizens and consumers alike to perform their daily critical activities (such as pay, connect and travel), in the physical as well as digital space.

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, an identity that ensures privacy and trust and guarantees secure, authenticated and verifiable transactions, we reinvent the way we think, produce, use and protect one of our greatest assets – our identity – whether for individuals or for objects, whenever and wherever security matters. We provide Augmented Identity for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.

With 13,000 employees around the world, IDEMIA serves clients in 180 countries.

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

Contacts

Press, Hanna Sebbah, idemia@havas.com

Juniper Research: M2M Connections to Exceed 1.6 billion by 2024, Driven by Embedded SIM Adoption

Embedded SIMs to Represent Two Thirds of M2M Connections by 2024

BASINGSTOKE, England–(BUSINESS WIRE)–#M2M–A new study from Juniper Research has found that the global number of cellular M2M connections will reach 1.6 billion by 2024; rising from 596 million in 2019. This is a growth of 165% over the next 5 years. It forecasts that remote provisioning and innovative anti-fraud measures enabled by embedded SIM technologies will drive adoption of cellular M2M services in key sectors including automotive, smart cities and connected agriculture. Embedded SIMs, or eSIMs, are hardware modules built directly into M2M devices.

For more insights on M2M, download our free whitepaper: How eSIMs will Disrupt M2M Business Models.

Over 1 Billion eSIMs in Operation by 2024

The new research, M2M: Key Verticals, Technology Analysis & Forecasts 2019-2024, found that adoption of eSIMs will grow 350% over the next 5 years; exceeding 1 billion eSIMs globally by 2024. It urged eSIM vendors to add modules that support emerging technologies, including 5G and low power M2M networks, as soon as possible to increase adoption.

Research author Elson Sutanto remarked, “eSIMs will continue to be essential in accelerating the adoption of M2M services. Offering the eSIM standard across all cellular technologies will maximise the technology’s value across all M2M sectors”.

5G to Represent Only 1% of Global M2M Connections by 2024

The research also found that 5G’s impact on the M2M market will be limited over the next 5 years. It forecast that only 15 million 5G connections will be in use by 2024, after initial commercial network launches this year. The research anticipated that the automotive sector would be the primary industry adopter over the next 5 years; accounting for 70% of 5G M2M connections by 2024.

The research forecasts that the high cost of 5G and end users’ familiarity with established cellular networks will lead to initial hesitancy in adoption. In response, it urged M2M service providers to ensure that their services fully exploit the advanced capabilities of 5G technology, such as network slicing, in order to migrate users to 5G networks.

Juniper Research provides research and analytical services to the global hi-tech communications sector; providing consultancy, analyst reports and industry commentary.

 

Contacts

For further details please contact

Sam Smith, Press Relations

T: +44(0)1256 830002

E: sam.smith@juniperresearch.com

iBASIS Accelerates Growth With JC Geha as Chief Operating Officer

  • 25 years global experience in ICT, leading global brands, namely; Deutsche Telekom, Ericsson, TeliaSonera, and MCI/Verizon
  • Lead iBASIS’ global operations, IT, engineering, and product development
  • Guide the technology integration strategy as the group pursues its M&A path

 


LEXINGTON, Mass.–(BUSINESS WIRE)–#5G–iBASIS, provider of communications solutions for operators and digital players worldwide, today announced the appointment of JC Geha as its COO. He will take his new post effective August 1, and be based at iBASIS’ headquarters in Lexington, Massachusetts.

Formerly Senior Vice President, Head of International Technology and Services for Deutsche Telekom, and of Managed Services for Ericsson, Geha brings to iBASIS an impressive track record of profitable growth, technology and digital transformation expertise. His expertise spans 25 years of deep global industry relationships across the United States, Europe, Middle East, and Africa.

Geha will lead iBASIS’ global operations, engineering, IT, and product development. He will report to iBASIS’ CEO and founder of the Group Tofane Global, Alexandre Pébereau, with the responsibility of guiding technology integration strategy as the Group pursues its M&A path. The iBASIS commercial and corporate functions remain unchanged.

Alexandre Pébereau comments, “Our entrepreneurial and transformation journey calls for complementary leadership in technology and operations. JC’s background and international expertise will enable us to further deliver on our customer experience. JC invested 25 years in developing partnerships with the best operators and digital players worldwide. He is a great addition to our executive team and iBASIS globally.”

Geha adds, “I am excited to join the team that has propelled Tofane and iBASIS to the forefront of our industry. With my extensive experience in the industry I will continue to drive the iBASIS global footprint, technology offering, and focus on customer experience to achieve immediate growth, leverage greater scale, adopt new solutions and build on global competence. My intention is to ensure that we are on the best path for seamless networks, technology experience and continuous innovation to enable our customers to be first in their respective markets, first across the globe and first to achieve transformation.”

ABOUT iBASIS

iBASIS is the leading communications solutions provider enabling operators and digital players worldwide to perform and transform.

Powered by Tofane Global, the new iBASIS is the first independent communications specialist, ranking third largest global wholesale voice operator and Top 3 LTE IPX vendor with 660+ LTE destinations. With the integration of Tofane’s acquisition of the Altice Europe N.V. international voice carrier business in France, Portugal, and the Dominican Republic, iBASIS today serves 1,000+ customers across 18 offices worldwide.

For more information, please visit www.ibasis.com

Contacts

Media Relations

Celine Gregoire

+1 617 501 2788

cgregoire@ibasis.net

Melissa Coffman

26FIVE Tech Lab

+1 202 251 1793

iBASIS@26FIVE.com

Newlink se une a Le Guide Noir para revolucionar el Influencer Marketing en España

Newlink se une a Le Guide Noir para revolucionar el Influencer Marketing en España

Newlink, una de las mayores agencias de comunicación de Estados Unidos y la startup Le Guide Noir, han firmado un acuerdo para sentar las bases de su colaboración en el ámbito del Influencer Marketing, dirigido a sectores como moda, belleza, turismo o alimentación entre otros muchos.

El acuerdo tiene como objeto aprovechar las capacidades y la complementariedad de ambas compañías en una industria fundamentalmente digital, que creció un 28% el pasado año llegando a una inversión mundial de 8.780 millones de euros.

Le Guide Noir (LGN), el mayor proveedor de Influencer Marketing en Europa con más de 200 campañas en el último año, pretende afianzar el portfolio de clientes de la filial española de Newlink gracias a sus cuatro tecnologías únicas en el mercado. Con ellas no solo ayudan a mejorar el retorno de inversión de sus clientes, sino que además miden por fin el performance y la rentabilidad de sus campañas, colaborando así a la profesionalización que tanto necesita el sector.

Newlink, socio mayoritario de la conocida agencia española Globally, se posiciona como una de las mayores agencias de comunicación a nivel mundial. El grupo aporta una gran base de clientes además de un sistema único de implementación de estas tecnologías. Su savoir faire y su peso en la industria son puntos clave de esta asociación, con la que ambos pretenden aumentar su expansión en el mercado.

Por su parte, LGN y su suite de herramientas con la que se está convirtiendo en el estándar del social performance europeo, permite aumentar el impacto de las marcas en el entorno digital y acercarlas a prescriptores de tendencias a escala global.

Esta solución orientada a subir el discurso de la comunicación, se adapta así al actual paradigma del sector donde las personas son actores empoderados, y no se trata de comunicar sino de ir más allá y conectar con ellos.

Comunicado de prensa Newlink se une a Le Guide Noir para revolucionar el Influencer Marketing en España publicado en comunicae.es

Posted in Uncategorised

Medidata Reports Second Quarter 2019 Results

NEW YORK–(BUSINESS WIRE)–#MDSOMedidata (NASDAQ:MDSO) today announced its financial results for the second quarter of 2019.

Our good results in the second quarter and for the first half of the year were driven by the strength of our core business,” said Tarek Sherif, chairman and CEO, Medidata. “With our win rate at an all-time high, we continue to gain market share with over 1,300 customers now relying on our platform to power their mission critical drug development activities and accelerate innovation. Acorn AI is off to a fast start, creating significant value for our customers and further differentiating us as the platform of choice for life sciences.

This quarter we celebrated the 20th anniversary of Medidata, and our 10th as a public company. I am incredibly proud of what we’ve accomplished and the value we have created over the past two decades–most importantly, I’m proud of the impact we are having on patients’ lives. As I think about the next decade, I am excited about the potential that lies ahead for Medidata, our industry and patients, as we move forward in partnership with Dassault Systèmes.”

Second Quarter 2019 Results

  • Total revenue was $180.5 million, an increase of 16% compared with $155.9 million in the second quarter of 2018
  • Subscription revenue was $150.0 million, an increase of 15% compared with the second quarter of 2018. Professional services revenue was $30.5 million, an increase of 20% compared with the second quarter of 2018
  • GAAP operating income was $1.9 million and non-GAAP operating income1, which excludes $5.1 million of merger-related expenses incurred during the quarter, was $41.3 million, representing GAAP and non-GAAP operating margins of 1.1% and 22.9%, respectively
  • GAAP net income was $7.9 million, or $0.13 per diluted share, compared with $16.6 million, or $0.27 per diluted share, in the second quarter of 2018. This includes an income tax benefit of $6.1 million related to excess tax benefits from stock-based compensation
  • Non-GAAP net income1, which excludes the aforementioned merger-related expenses, was $30.1 million, or $0.48 per diluted share, compared with $26.4 million, or $0.43 per diluted share, in the second quarter of 2018. See the non-GAAP reconciliation included in this release for full details of the non-GAAP adjustments
  • Total cash and marketable securities were $206.0 million at the end of the quarter, compared with $240.5 million on December 31, 2018

Additional Highlights:

  • Remaining 2019 adjusted subscription backlog2 as of June 30, 2019 was $301 million, an increase of $38 million, or 14%, compared with a year ago
  • Total multi-year unadjusted subscription backlog was $1.1B, an increase of 6% from a year ago
  • Operating cash flow for the trailing 12 months was $96 million, up 13% from a year ago
  • Total customers grew to 1,330, an increase of 23% from a year ago
  • Medidata Institute was launched to collaborate with industry thought leaders, redefining technology’s role in advancing science and healthcare
  • Medidata received a Gold Stevie® at the 2019 American Business Awards® for the company’s corporate social responsibility program
  • Everest Group’s 2019 Life Sciences Clinical Trials Products PEAK Matrix™ recognized Medidata as both a leader and star performer
  • IDC’s report (Worldwide Life Science Software Market Shares, 2018), named Medidata as the global leader in Life Science Development Software Revenue. The report cited that Medidata has continued to strengthen its position as the leading vendor in life science development
  • Revenue retention rate3 was nearly 100% for the quarter

In the second quarter, we delivered solid top-line growth of 16% and operating cash flow growth of 29%. I am pleased with the scale in our core business. Consistent with our long-term strategy, we continue to invest in our core Rave applications, scaling our platform, and capturing the value of our data with AI,” said Rouven Bergmann, chief financial officer, Medidata. “While we are no longer providing financial guidance, we remain focused on executing in the second half of the year via our established growth drivers of density, intensity and new customer additions.”

Conference call and earnings guidance

Due to the company’s pending acquisition by Dassault Systèmes, it will not host a conference call to discuss its results. Additionally, the company will no longer provide financial guidance.

About Medidata

Medidata is leading the digital transformation of life sciences, with the world’s most-used platform for clinical development, commercial, and real-world data. Powered by artificial intelligence and delivered by industry experts, Medidata helps pharmaceutical, biotech, medical device companies, and academic researchers accelerate value, minimize risk and optimize outcomes. Medidata and its companies, Acorn AI and SHYFT, serve more than 1,300 customers and partners worldwide and empower more than 150,000 certified users every day to create hope for millions of patients. Discover the future of life sciences: www.medidata.com

Cautionary Statement

Certain statements made in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Medidata Solutions, Inc. (“Medidata”), including, but not limited to, risks related to our pending merger with a subsidiary of Dassault Systèmes, statements about Medidata’s forecast of financial performance, products and services, business model, strategy and growth opportunities, and competitive position. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. Among other things, the risks and uncertainties include those associated with possible fluctuations in our financial and operating results; integration activities, performance and financial impact of acquired companies; our ability to retain and expand our customer base or increase new business from those customers; and our ability to continue to release, and gain customer acceptance of, new and improved versions of our products. For additional disclosure regarding these and other risks faced by Medidata, see disclosures contained in Medidata’s public filings with the Securities and Exchange Commission, including the “Risk Factors” section of Medidata’s Annual Report on Form 10-K for the year ended December 31, 2018. You should consider these factors in evaluating the forward-looking statements included in this press release and not place undue reliance on such statements. The forward-looking statements are made as of the date hereof, and Medidata undertakes no obligation to update such statements as a result of new information, new developments or otherwise, except as required by law.

(1) Non-GAAP Financial Information

Medidata provides non-GAAP operating income, net income, and net income per share data as a supplement to its operating results. These measures are not in accordance with, or an alternative to, generally accepted accounting principles (GAAP), and may be different from non-GAAP measures used by other companies. Management uses these non-GAAP measures to evaluate its financial results, develop budgets, manage expenditures, and as an important factor in determining variable compensation. In addition, management believes, based on discussions with investors, that these non-GAAP measures enhance investors’ ability to assess Medidata’s historical and projected future financial performance. While management believes these non-GAAP financial measures provide useful supplemental information to investors, there are inherent limitations associated with the use of non-GAAP financial measures. Investors are encouraged to review the attached reconciliations of these non-GAAP financial measures to the nearest comparable GAAP measures.

(2) Adjusted subscription backlog equals subscription backlog plus outstanding intra-year renewals valued at an amount equal to the contracts to be renewed.

(3) Revenue retention rate is calculated as the percentage of prior year revenue attributable to customers retained in the current year.

MEDIDATA SOLUTIONS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

(Amounts in thousands, except per share data)

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2019

 

2018

 

2019

 

2018

Revenues

 

 

 

 

 

 

 

Subscription

$

150,006

 

 

$

130,486

 

 

$

296,881

 

 

$

257,305

 

Professional services

30,454

 

 

25,419

 

 

57,083

 

 

47,798

 

Total revenues

180,460

 

 

155,905

 

 

353,964

 

 

305,103

 

Cost of revenues (1)(2)

 

 

 

 

 

 

 

Subscription

29,306

 

 

21,602

 

 

56,034

 

 

41,943

 

Professional services

20,296

 

 

15,899

 

 

39,571

 

 

31,860

 

Total cost of revenues

49,602

 

 

37,501

 

 

95,605

 

 

73,803

 

Gross profit

130,858

 

 

118,404

 

 

258,359

 

 

231,300

 

Operating costs and expenses

 

 

 

 

 

 

 

Research and development (1)

48,475

 

 

40,789

 

 

94,964

 

 

78,311

 

Sales and marketing (1)(2)

44,388

 

 

37,106

 

 

87,784

 

 

73,967

 

General and administrative (1)

36,090

 

 

27,672

 

 

68,724

 

 

52,859

 

Total operating costs and expenses

128,953

 

 

105,567

 

 

251,472

 

 

205,137

 

Operating income

1,905

 

 

12,837

 

 

6,887

 

 

26,163

 

Interest and other income (expense)

 

 

 

 

 

 

 

Interest expense

(1,110

)

 

(5,700

)

 

(2,220

)

 

(11,275

)

Interest income

599

 

 

2,328

 

 

1,544

 

 

4,416

 

Other expense, net

381

 

 

7,729

 

 

353

 

 

7,633

 

Total interest and other (expense) income, net

(130

)

 

4,357

 

 

(323

)

 

774

 

Income before income taxes

1,775

 

 

17,194

 

 

6,564

 

 

26,937

 

Income tax (benefit) provision

(6,118

)

 

605

 

 

(12,474

)

 

23

 

Net income

$

7,893

 

 

$

16,589

 

 

$

19,038

 

 

$

26,914

 

Earnings per share

 

 

 

 

 

 

 

Basic

$

0.13

 

 

$

0.29

 

 

$

0.32

 

 

$

0.47

 

Diluted

$

0.13

 

 

$

0.27

 

 

$

0.31

 

 

$

0.44

 

Weighted average common shares outstanding

 

 

 

 

 

 

 

Basic

60,081

 

 

57,448

 

 

59,888

 

 

57,252

 

Diluted

62,372

 

 

60,874

 

 

62,191

 

 

60,564

 

(1) Stock-based compensation expense included in cost of revenues and operating costs and expenses is as follows:

Cost of revenues

$

2,871

 

 

$

1,506

 

 

$

5,254

 

 

$

2,774

 

Research and development

5,005

 

 

3,319

 

 

9,254

 

 

6,173

 

Sales and marketing

6,046

 

 

2,917

 

 

11,472

 

 

5,561

 

General and administrative

7,973

 

 

7,377

 

 

15,579

 

 

13,766

 

Total stock-based compensation

$

21,895

 

 

$

15,119

 

 

$

41,559

 

 

$

28,274

 

(2) Amortization of intangible assets included in costs of revenues and operating costs and expenses is as follows:

Cost of revenues

$

1,365

 

 

$

1,205

 

 

$

2,729

 

 

$

2,299

 

Sales and marketing

505

 

 

231

 

 

1,011

 

 

351

 

Total amortization of intangible assets

$

1,870

 

 

$

1,436

 

 

$

3,740

 

 

$

2,650

 

MEDIDATA SOLUTIONS, INC.

Reconciliation of GAAP Operating Income and GAAP Net Income to

Non-GAAP Operating Income and Non-GAAP Net Income (Unaudited)

(Amounts in thousands, except per share data)

 

Three Months Ended June 30,

 

Six Months Ended June 30,

 

2019

 

2018

 

2019

 

2018

Operating income:

 

 

 

 

 

 

 

GAAP operating income

$

1,905

 

 

$

12,837

 

 

$

6,887

 

 

$

26,163

 

GAAP operating margins

1.1

%

 

8.2

%

 

1.9

%

 

8.6

%

Stock-based compensation

21,895

 

 

15,119

 

 

41,559

 

 

28,274

 

Depreciation and amortization

11,646

 

 

8,405

 

 

22,175

 

 

16,218

 

Contingent consideration adjustments (1)

79

 

 

79

 

 

240

 

 

7

 

Cash compensation from acquisition-related agreements (2)

705

 

 

134

 

 

1,295

 

 

134

 

Merger-related costs (3)

5,103

 

 

 

 

5,103

 

 

 

Non-GAAP operating income

$

41,333

 

 

$

36,574

 

 

$

77,259

 

 

$

70,796

 

Non-GAAP operating margins

22.9

%

 

23.5

%

 

21.8

%

 

23.2

%

Net income:

 

 

 

 

 

 

 

GAAP net income

$

7,893

 

 

$

16,589

 

 

$

19,038

 

 

$

26,914

 

Stock-based compensation

21,895

 

 

15,119

 

 

41,559

 

 

28,274

 

Amortization

1,870

 

 

1,436

 

 

3,740

 

 

2,650

 

Contingent consideration adjustments (1)

79

 

 

79

 

 

240

 

 

7

 

Cash compensation from acquisition-related agreements (2)

705

 

 

134

 

 

1,295

 

 

134

 

Merger-related costs (3)

5,103

 

 

 

 

5,103

 

 

 

Non-cash interest expense (4)

108

 

 

3,963

 

 

217

 

 

7,871

 

Gain on step acquisition (5)

(101

)

 

(7,648

)

 

(101

)

 

(7,648

)

Tax impact on add-back items (6)

(7,414

)

 

(3,271

)

 

(13,013

)

 

(7,822

)

Non-GAAP net income

$

30,138

 

 

$

26,401

 

 

$

58,078

 

 

$

50,380

 

GAAP basic earnings per share

$

0.13

 

 

$

0.29

 

 

$

0.32

 

 

$

0.47

 

GAAP diluted earnings per share

$

0.13

 

 

$

0.27

 

 

$

0.31

 

 

$

0.44

 

Non-GAAP basic earnings per share

$

0.50

 

 

$

0.46

 

 

$

0.97

 

 

$

0.88

 

Non-GAAP diluted earnings per share

$

0.48

 

 

$

0.43

 

 

$

0.93

 

 

$

0.83

 

(1) Change in fair value of acquisition-related contingent liability.

(2) Expense associated with acquisition-related cash compensation agreements entered into with certain employees of SHYFT Analytics, Inc. (“SHYFT”).

(3) Expenses incurred related to the planned merger with Dassault Systèmes.

(4) Non-cash interest expense for the three and six months ended June 30, 2019 and 2018 includes amortization of issuance costs of our credit agreement entered into in 2017. Non-cash interest expense for the three and six months ended June 30, 2018 also includes amortization of debt discount and issuance costs of our 1.00% convertible senior notes entered into in 2013 and settled in August 2018.

(5) Elimination of gain related to step acquisition of SHYFT.

(6) Tax impact calculated using a 25% rate.

MEDIDATA SOLUTIONS, INC.

CONSOLIDATED BALANCE SHEETS (Unaudited)

(Amounts in thousands, except per share data)

 

June 30,

2019

 

December 31,

2018

ASSETS

 

 

 

Current assets:

 

 

 

Cash and cash equivalents

$

139,104

 

 

$

105,440

 

Marketable securities

66,914

 

 

135,105

 

Accounts receivable, net of allowance for doubtful accounts of $2,018 and $1,999, respectively (1)

198,166

 

 

170,744

 

Capitalized contract costs

24,426

 

 

22,247

 

Prepaid expenses and other current assets

37,615

 

 

28,949

 

Total current assets

466,225

 

 

462,485

 

Restricted cash

7,223

 

 

7,205

 

Operating lease assets (2)

83,554

 

 

 

Furniture, fixtures and equipment, net

114,210

 

 

98,983

 

Goodwill

213,976

 

 

216,017

 

Intangible assets, net

26,406

 

 

29,546

 

Deferred tax assets

53,475

 

 

45,982

 

Other assets

58,697

 

 

52,994

 

Total assets

$

1,023,766

 

 

$

913,212

 

LIABILITIES AND STOCKHOLDERS’ EQUITY

 

 

 

Current liabilities:

 

 

 

Accounts payable

$

10,672

 

 

$

7,482

 

Accrued payroll and other compensation

34,047

 

 

51,270

 

Accrued expenses and other

41,298

 

 

37,487

 

Operating lease liabilities (2)

15,318

 

 

 

Deferred revenue

80,435

 

 

74,463

 

Total current liabilities

181,770

 

 

170,702

 

Noncurrent liabilities:

 

 

 

Term loan, net

84,844

 

 

88,366

 

Deferred revenue, noncurrent

2,291

 

 

3,843

 

Deferred tax liabilities

101

 

 

99

 

Operating lease liabilities, noncurrent (2)

92,611

 

 

 

Other long-term liabilities

1,690

 

 

18,754

 

Total noncurrent liabilities

181,537

 

 

111,062

 

Total liabilities

363,307

 

 

281,764

 

Commitments and contingencies

 

 

 

Stockholders’ equity:

 

 

 

Preferred stock, par value $0.01 per share; 5,000 shares authorized, none issued and outstanding

 

 

 

Common stock, par value $0.01 per share; 200,000 shares authorized; 67,916 and 66,103 shares issued; 62,461 and 61,348 shares outstanding, respectively

679

 

 

661

 

Additional paid-in capital

629,451

 

 

574,667

 

Treasury stock, 5,455 and 4,755 shares, respectively

(198,003

)

 

(152,849

)

Accumulated other comprehensive loss

(4,544

)

 

(4,869

)

Retained earnings

232,876

 

 

213,838

 

Total stockholders’ equity

660,459

 

 

631,448

 

Total liabilities and stockholders’ equity

$

1,023,766

 

 

$

913,212

 

 

 

 

 

(1) Unbilled receivables of $51,421 and $38,601, respectively, are included in accounts receivable as of June 30, 2019 and December 31, 2018.

(2) Figures as of June 30, 2019 reflect January 1, 2019 adoption of Accounting Standards Update (“ASU”) No. 2016-02, Leases.

 

Contacts

Investors:

Betsy Frank

917-522-4620

bfrank@medidata.com

Media:

Rosemarie Esposito

646-362-3017

resposito@medidata.com

Vistra Launches BVI Economic Substance Classification Solutions

HONG KONG–(BUSINESS WIRE)–Vistra, a leading global trust, fund administration and corporate services provider, today launched its Economic Substance Services and Solutions, starting with the British Virgin Islands (BVI) Economic Substance Classification Questionnaire designed to help clients determine the classification of their BVI company as it applies to the substance legislation.

Developed by Vistra’s in-house legal team, the BVI Economic Substance Classification Questionnaire is an efficient and effective service for any BVI entity to gain clarity on their status, supported by detailed analysis and tailored solutions.

Simon Filmer, Global Lead, Company Formation, Vistra, commented, “It is now mandatory for all BVI entities to comply with substance requirements and demonstrate good corporate governance. The first step to achieving these goals is to determine if one’s entity is in-scope or out of scope, and Vistra is ready to help make this classification process as simple, direct and effective as possible for our clients.”

Designed with full consideration of the client’s compliance-related needs in mind, the Questionnaire is user-friendly, comprising a short list of questions for clients to fill in. Based on the questionnaire submitted, Vistra’s subject matter experts will conduct a detailed analysis and produce a comprehensive report outlining reporting obligations and concrete suggestions on next steps to ensure substance compliance. The entire process is quick and streamlined, offering clients the peace of mind required to ensure business as usual.

Late last year, the BVI introduced the Economic Substance (Companies and Limited Partnership) Act 2018 in response to the European Union’s Economic Substance requirements, which address alleged concerns of entities generating too much profit and too little substance in low or zero-rate tax jurisdictions. As a result, all BVI entities need to understand their obligations, be compliant and where applicable, demonstrate and report economic substance.

Apart from classification, Vistra also provides a comprehensive range of substance services for BVI entities, including legal opinions, full portfolio review and advisory services, lodgement with regulators, and in-jurisdiction substance services, where required.

Vistra will continue to launch substance classification solutions for a number of other jurisdictions, including the Cayman Islands.

More information on Vistra’s Economic Substance solutions is available at www.vistra.com/economic-substance.

About Vistra

Ranked in the top three corporate service providers globally, Vistra is a versatile group of professionals, providing a uniquely broad range of services and solutions. Our capabilities span across company formations to trust, fiduciary, private client services, and fund administration. Vistra employs over 4,300 employees across 46 jurisdictions.

For more information, please visit www.vistra.com.

Contacts

Media

Kate Chan, Communications Manager

media.enquiries@vistra.com

Online Education Market in India 2018-2022 | USD 9.52 Billion Incremental Growth over the Next Five Years | Technavio

LONDON–(BUSINESS WIRE)–#IndianOnlineEducationMarketSize–Technavio analysts forecast the online education market in India to grow at a CAGR of over 20% during the forecast period, according to their latest market research report.


The popularity of big data and learning analytics is one of the major trends being witnessed in the online education market in India 2018-2022. Big data analytics is gaining vital traction in the field of online education as a huge amount of data can be used to improve the overall design and structure of the online education system. The increasing popularity of data analytics helps online learning course providers to gauge the performance, failures, and successes of the learners to accentuate and highlight the advantages of online education effectively. Thus, such factors are expected to boost market growth during the forecast period.

View market snapshot before purchasing

According to Technavio analysts, one of the key factors contributing to the growth of the online education market in India is the increasing focus on skill development and employment:

Online Education Market in India: Increasing Focus on Skill Development and Employment

To achieve career growth and add value to their knowledge, working professionals, as well as many students, are focusing on skill development. This is mainly because digitized courses provide flexibility and convenience, unlike traditional classes, as learners can access the content from any location at any time. Therefore, the increased adoption of skill development through online certification is not only expected to fuel employment opportunities but also the online education industry in India.

According to a senior analyst at Technavio for education services, “Currently the growing adoption of cloud-based learning is likely to boost the growth of the online education market in India as it will help resolve the issues of inadequate infrastructure and security. Moreover, many international and regional vendors are vying for their share of the market, and players are differentiating themselves to gain vital traction over their peers by offering the best online courses, thereby driving market growth.”

Request for FREE Sample

Online education market in India: Segmentation analysis

The online education market in India research report provides market segmentation by product (services and content), by end-user (K-12 and higher education). It provides an in-depth analysis of the prominent factors influencing the market, including drivers, opportunities, trends, and industry-specific challenges.

The higher education segment held the largest share of the market in 2017, accounting for close to 77% share, followed by the K-12 segment. Although the K-12 segment held the smallest share of the market, it is expected to witness the maximum increase in its market share over the forecast period owing to several students opting for online education for test preparation.

Speak to an analyst to customize this report

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.

Browse related reports

Some of the key topics covered in the report include:

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

Market Sizing

  • Market sizing
  • Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

  • Regional comparison
  • Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

For any assistance or query, please contact our media team at: media@technavio.com

Contacts

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 630 333 9501

UK: +44 208 123 1770

www.technavio.com

Civic Announces First Consumer Wallet Built on BitGo Multisig Technology

Civic Wallet Will Be Safer and More Convenient Than Other Solutions in the Marketplace

SAN FRANCISCO–(BUSINESS WIRE)–Civic Technologies, the premier blockchain-powered identity and payment solution provider, and BitGo, the leader in digital asset financial services, today announced the Civic Wallet, the first consumer digital wallet built on top of BitGo’s multisig technology, which will be released in the fourth quarter.

Civic is paving the way for the next generation of digital wallets, where both identity information and crypto live on mobile devices. With the easy-to-use Civic Wallet, people may store and transact crypto easily, privately, and securely. This represents safety and simplicity in a way that the industry has not known before.

“We’re building a new financial and identity ecosystem. This is the wallet of the future,” said Vinny Lingham, co-founder and CEO of Civic. “With Civic Wallet, it will be easy and safe to transfer, hold, or use crypto, so that people who are not technologically savvy can use it too. The world needs tools that lower the barrier to entry for blockchain technology.”

Leveraging BitGo’s multisig technology, Civic Wallet enables consumers to have more control and security over both their crypto and their personal information. Private keys are safely stored on the user’s mobile device, and redundant backup systems ensure that the digital wallet may easily be restored if a person’s mobile device is lost or stolen. Civic Wallet will leverage Bitgo’s technology to enable users to store, send and receive crypto, as well as to enable account and funds recovery.

Civic uses blockchain technology built on top of identity.com and is creating a network based on trust. When a user signs up with Civic Wallet, they are authenticated as a real person, using groundbreaking blockchain-based technology that securely verifies a person’s identifiable information. Civic does this without sharing the underlying data between multiple parties, thereby gives users more control over their personal information. Once they have a Civic Wallet, users are able to selectively share parts of their verified identity with third parties, for example, purchasing age-restricted products anonymously.

“With the Civic Wallet, individual users are getting more privacy and security in managing their cryptocurrency than ever before,” said Mike Belshe, Co-Founder and Chief Executive Officer of Bitgo. “It used to be that if you lost your mobile device, containing your digital wallet’s private key, you lost all of your crypto. This is not the case with Civic’s new wallet. This is a big step forward for individual users.”

Users can only sign up with the Civic Wallet if they pre-register or if are referred by someone from their network.

About BitGo

BitGo is the market leader in digital asset financial services, providing institutional investors with security, compliance, custodial, and liquidity solutions. BitGo is the world’s largest processor of on-chain bitcoin transactions, processing 15% of all global Bitcoin transactions, and $15 billion per month across all cryptocurrencies. The company supports over 100 coins and tokens, and has over $2 billion in assets in wallet. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and spans more than 50 countries. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo is backed by Craft Ventures, DCG, DRW, Galaxy Digital Ventures, Goldman Sachs, Redpoint Ventures, and Valor Equity Partners.

About Civic

Civic is a visionary blockchain identity-verification technology that allows consumers to authorize the use of their identities in real time. They are spearheading the development of an ecosystem that is designed to facilitate on-demand, secure and low-cost access to identity-verification services via the blockchain. Civic recently introduced a Civic token that participants in the ecosystem will use to provide and receive identity-verification-related services.

Contacts

Media Contact

Becca Youngs

(707) 408-8314

press@civic.com

LLamasoft to Host Fifth Annual LLamaCon China Supply Chain Design & Optimization Conference in Shanghai

Record attendance expected, featuring customers including Adidas, Ferrero, Mengniu, Bosch, Schneider, Johnson & Johnson, Continental, Anheuser-Busch InBev, Mindray Medical, Best Logistics and more

SHANGHAI–(BUSINESS WIRE)–LLamasoft, the leading provider of enterprise supply chain design and decision-making solutions, is proud to welcome innovators, leaders, supply chain practitioners and partners from many of the world’s leading companies to the fifth annual LLamaCon China supply chain design and optimization conference taking place in Shanghai on August 9, 2019.

LLamaCon draws professionals and executives from a diverse set of industries to collaborate and learn about the latest technologies and trends in supply chain strategy, design and analytics. The conference includes a variety of sessions on topics that matter to chief supply chain officers and their teams such as digital transformation, market sensing and forecasting, and customer-centric supply chain strategy and optimization. The majority of sessions are presented by LLamasoft customers, making the use cases timely, relevant and proven.

“LLamaCon has become the leading industry user conference for supply chain innovators,” said Toby Brzoznowski, Co-Founder and Chief Strategy Officer of LLamasoft. “LLamasoft customers are responsible for more than $13 trillion of goods flowing through global supply chains. Their stories of business achievements made possible with LLamasoft solutions will help to pave the way for similar results in other customer environments. This event is also going to be a great venue for our customers and partners to get an understanding of our go-forward vision and product strategy as we work towards our mission to elevate lives and organizations through the science of smarter decision-making.”

LLamaCon China 2019 will offer inspiring sessions from key LLamasoft customers including Callum Crawford, Asia Pacific Supply Chain Designer at AB-InBev; George Su, Supply Chain Optimization Director at Best Logistics; Yi Ding, Vice General Manager of Manufacturing Systems at Mindray Medical; and Co-Founder and Chief Strategy Officer, Toby Brzoznowski of LLamasoft.

In addition to these sessions, attendees have the opportunity to visit various LLamasoft booths throughout the conference and experience live demonstrations of the company’s leading supply chain solutions in action, including network design, inventory optimization, demand forecasting, sales and operations planning, and more.

To learn more and register for the event, visit LLamaCon China. Also, make sure to follow the conference on social media using the hashtag #LLamaCon.

About LLamasoft, Inc.

Over 750 of the world’s most innovative companies rely on LLamasoft to answer their most complex supply chain questions. Powered by the most comprehensive set of supply chain analytics, LLamasoft technology helps business leaders design the supply chain they need to achieve their profitability, service and growth goals. LLamasoft creates a true end-to-end view of global supply chains to enable decisions across strategic, tactical and operational time horizons. LLamasoft customers have already identified more than $13B in value. Partnering with humanitarian organizations, government entities and as a member of the World Economic Forum, LLamasoft is on track to positively impact 100 million lives by 2022.

Contacts

Media

LLamasoft, Inc.

Yingying Huang

Yingying.huang@llamasoft.com

021-5302 6136 ext 822

Aroma Bit to Develop Smartphone Embeddable Ultra-compact Silicon CMOS Based Smell Sensor That Has Dog Nose Equivalent Resolution in 1mm Squared Die Size

Launching a new subsidiary certified as Toyohashi University of Technology’s first university-launched venture company


TOKYO–(BUSINESS WIRE)–Aroma Bit launched a new subsidiary to develop the next generation smell sensor based on silicon CMOS sensor substrate that are ultra-compact, high resolution and low cost. The technology is realized by applying Aroma Bit developed smell sensor receptor membrane technology to ultra-sensitive silicon CMOS based ion imaging sensor technology developed by professor Kazuaki Sawada at Toyohashi University of Technology and associated companies.

Aroma Bit: http://www.aromabit.com

Realizing smartphone embeddable smell sensor with dog nose equivalent ultra-high resolution smell sensor on only 1 millimeter square silicon die size

Aroma Bit has developed and are currently selling a compact smell sensor that employs QCM or Quartz Crystal Microbalance type sensor substrate, which demonstrates ultra-high sensitivity in the sensor market. However, further size reduction, cost reduction to meet high volume application market, such as smartphone, was challenging with conventional QCM type smell sensor.

With the newly developed silicon CMOS type smell sensor, ultra-compact, high smell resolution and low cost can be realized, to be embedded to system such as smartphone or IoT devices. For instance, it is expected that resolution equivalent to dog nose’s resolution (roughly 1,200 receptors) within 1mm die size can be achieved using the new type of sensor substrate.

With new addition of sensor substrate technology, Aroma Bit now holds two types of sensor substrate technology line up: (1) conventional and yet ultra-high sensitivity QCM type sensor substrate technology, and (2) ultra-high resolution, ultra-compact, low cost silicon CMOS type sensor substrate technology. Combined, highly competitive sensor technology portfolio is realized in two key performance for smell sensor, namely, sensor sensitivity and smell resolution. As a result, the addition of the new sensor is expected to further enhances Aroma Bit’s technology competitive advantage against its competitors in the compact smell sensor space.

Aroma Bit is currently also accelerating its development of digital smell database or smell big-data based on its hardware competitive advantage. Sensor hardware and smell database together, Aroma Bit is committed to retain its top-position in growing digital olfactory market, thereby realizing Aroma Bit’s vision “to realize a better world by visualizing the world of smell/aroma through odor imaging technology.”

New subsidiary certified as the first Toyohashi University of Technology University- Launched Venture Company

The new developed subsidiary, Aroma Bit Silicon Sensor Technology, Inc., is certified as the first Toyohashi University of Technology certified University-Launch Venture Company.

While University-Launched Venture company is on the rise in Japan, there is limited successful case leading to industrialization, due to factors such as lack of intellectual property conflict among large companies interest, skill set mismatch on researcher as entrepreneurs, among others.

In this particular Industry-academia collaboration case, the chance to commercialize technology is expected to increase by assigning venture company a role to drive business development of the technology developed jointly with university.

Background:

Aroma Bit succeeded in developing next generation smell sensor based on silicon CMOS sensor substrate that are ultra-compact and high resolution by applying Aroma Bit developed smell sensor receptor membrane technology to ultra-sensitive silicon CMOS based ion imaging sensor technology developed by professor Kazuaki Sawada at Toyohashi University of Technology.

In 2017, Toyohashi Technology of University, Toyohashi Sensor Kyogikai Corporation, Hamamatsu Photonics K.K., Toho Technology Corporation, Nippon Chemi-con Corporation and Aroma Bit together formed private Consortium COSCo (CMOS Odor Sensor Consortium). In 2018, COSCo consortium released working prototypes such as Kaori-Camera (Aroma Camera) and i-sniffer.

In the interest to aggregate the achievement from COSCo consortium and further accelerate development and industrialization, Aroma Bit Silicon Sensor Technology, Inc. (Hereafter, “ABSST”) is founded as Aroma Bit’s subsidiary.

Going forward, ABSST is committed to develop the silicon CMOS type next generation smell sensor that are ultra-high resolution, ultra-compact and low-cost embeddable to smartphone and IoT Devices.

New Subsidiary Company Profile

Name of company:

Aroma Bit Silicon Sensor Technology Inc. (ABSST)

Date of Registration:

June 28th, 2019

Paid-in-Capital:

10 Million JPY [Aroma Bit, Inc. Subsidiary]

Business Profile:

Planning, Development, Manufacturing and Sales of silicon CMOS based next generation smell, gas sensor, and other related business

Representative Management:

Representative Director & CEO Shunichiro Kuroki [Current Representative Director & CEO of Aroma Bit, Inc.]

Address:

E205 KSP 3-2-1 Sakado, Takatsu-ku, Kawasaki-city, Kanagawa 213-0012 [Aroma Bit Kawasaki Lab]

Corporate URL:

www.aromabitsst.com

Contact:

Email: info@aromabitsst.com

Tel: + 81-3-6434-0365

About Aroma Bit

Aroma Bit develops, produces and sells electronic equipments and systems including compact odor imaging sensors.

[Corporate summary]

Name:

Aroma Bit, Inc.

Address:

Sagami Building 2F 7-13-6 Ginza, Chuo-ku, Tokyo

Representative:

Representative Director & CEO Sunichiro Kuroki

Established:

February, 2014

Business:

– Development, Production and Sales of electronic equipments and systems including compact odor imaging sensors.

– Development, Production and Sales of innovative services using the Sensor products.

 

– Other business related to the above.

Corporate URL:

www.aromabit.com

 

Contacts

Aroma Bit, Inc.

PR

Yuko Motoki

TEL: + 81-3-6434-5799

Email: info@aromabit.com