Ekran System Becomes an Official Microsoft Azure Windows Virtual Desktop Value-Add Partner

NEWPORT BEACH, Calif.–(BUSINESS WIRE)–Ekran System Inc., a leading vendor of insider threat management software, is excited to announce that it is now an official Microsoft Windows Virtual Desktop (WVD) value-add partner.

Ekran System has already gained international recognition thanks to its reliability, robustness, and rich selection of insider threat management features. It has received warm feedback from both industry experts and end users, and now Microsoft has included Ekran System on their list of recommended partners after evaluating dozens of software solutions that can be integrated with Windows Virtual Desktops and can be useful to WVD end users.

“Ekran System provides a great solution for customers that need a session recording and activity audits, as well as incident response functionality to detect and prevent insider threats. Ekran System fully supports all features of Windows Virtual Desktop,” says Denis Gundarev, Senior Program Manager of Windows Virtual Desktop at Microsoft.

Before deciding to recommend Ekran System as a WVD value-add partner, Microsoft experts thoroughly tested Ekran System’s capabilities. The functionality Microsoft professionals found the most valuable was:

  • Full, real-time monitoring of user activity on Windows Virtual Desktop host pools
  • Detailed context-rich records of all on-screen user actions
  • Real-time incident response with customizable alerts and notifications
  • Exportable reports for audits and incident investigations

The platform can also be flawlessly integrated with Azure Active Directory and Azure Sentinel.

About Ekran System

Ekran System Inc. is an internationally recognized cybersecurity software vendor delivering a universal insider threat management platform. Ekran System focuses on three insider threat management milestones: deterring, detecting, and disrupting insider-related cybersecurity risks. The platform includes a rich set of features for monitoring user activity, managing access, and ensuring cybersecurity compliance. For more information about Ekran System, visit www.ekransystem.com.

Contacts

Ekran System media contact:

Andrew Roenko

+1 (210) 888-0898

andrey.royenko@ekransystem.com

Total Corporate Funding for Solar Sector Reaches $4.5 Billion in 1H 2020, Reports Mercom Capital Group

Over 140 GW of solar projects have been acquired since 2010

AUSTIN, Texas–(BUSINESS WIRE)–#SolarFunding–Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition (M&A) activity for the solar sector in the second quarter and the first half of 2020.

Total corporate funding (including venture capital funding, public market, and debt financing) in 1H of 2020 came to $4.5 billion (B) compared to $6B in 1H 2019, a 25% drop year-over-year (YoY).

Get the full report

Chart: Solar Corporate Funding 1H 2016-1H 2020

“Financial activity in the first half of the year reflects the realities on the ground. Even though solar stocks have performed well, and corporate funding in Q2 looked slightly better because of several securitization deals, global economies and solar activity are still far from being back to where they should be. Project acquisition activity, typically a sign of health in the sector, declined significantly in Q2,” said Raj Prabhu, CEO of Mercom Capital Group.

In 1H 2020, global VC funding (venture capital, private equity, and corporate venture capital) in the solar sector was 74% lower with $210m compared to $799M in 1H 2019.

A total of 23 VC investors participated in solar funding in 1H 2020.

Chart: Top VC funded companies in 1H 2020

Solar public market financing in 1H 2020 came to $758M in six deals. Public market financing totaled $737M in five deals in Q2 2020 compared to $22M in one deal in Q1 2020.

Announced debt financing activity in 1H 2020 ($3.6B in 15 deals) was 16% lower compared to the 1H of 2019 when $4.2B was raised in 27 deals.

There were four solar securitization deals totaling $1.06B in 1H 2020.

Chart: Solar Top Announced Large-Scale Projects Funded by Dollar Amount in Q2 2020

Announced residential and commercial solar funds totaled $1.2B in 1H 2020.

In 1H 2020 there were 25 solar corporate M&A transactions compared to 37 transactions in 1H 2019.

The top transaction in 1H 2020 was the divestment of Brookfield Renewable Partners’ Thailand-based solar energy business, sold for $100M.

Chart: Solar Project Acquirer Mix (%) 1H 2020

Solar project acquisition activity was up in 1H 2020 with 14.7 GW compared to 11.6 GW in 1H 2019. 3 GW of solar projects were acquired in Q2 2020. Oil and gas majors were the major acquirers of solar assets in 1H 2020.

Chart: Solar Project Acquisitions 1H 2016-1H 2020

There were 203 companies and investors covered in this 79-page report.

Get the full report

About Mercom Capital Group

Mercom Capital Group is a global communications and consulting firm focused on clean energy. Mercom produces funding and market intelligence reports covering Solar and Battery Storage/Smart Grid/Efficiency. Mercom advises cleantech companies on new market entry, custom market intelligence and overall strategic decision-making. https://www.mercomcapital.com

Contacts

Wendy Prabhu

Mercom Capital Group

Tel: 1.512.215.4452

E-mail: media@mercomcapital.com

Alibaba Group Announces Filing of Annual Report on Form 20-F for Fiscal Year 2020

HANGZHOU, China–(BUSINESS WIRE)–Alibaba Group Holding Limited (NYSE: BABA and HKEX: 9988) today announced that it filed its annual report on Form 20-F for the fiscal year ended March 31, 2020. The annual report can be accessed under the SEC Filing section on the Company’s investor relations website at https://www.alibabagroup.com/en/ir/secfilings.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to Investor Relations Department, Alibaba Group, 26/F Tower One, Times Square, 1 Matheson Street, Causeway Bay, Hong Kong, China.

About Alibaba Group

Alibaba Group’s mission is to make it easy to do business anywhere. The company aims to build the future infrastructure of commerce. It envisions that its customers will meet, work and live at Alibaba, and that it will be a good company that lasts 102 years.

Contacts

Investor Contact
Investor Relations

Alibaba Group Holding Limited

investor@alibabagroup.com

Media Contacts
Brion Tingler

Alibaba Group Holding Limited

brion.tingler@alibaba-inc.com

Cathy Yan

Alibaba Group Holding Limited

cathy.yan@alibaba-inc.com

Celent Recognizes Majesco with XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report

Customers ranked Majesco first in 4 of 5 categories for the Depth of Service Award including Functionality, Technology, Implementation and Support

MORRISTOWN, N.J.–(BUSINESS WIRE)–Majesco (NASDAQ: MJCO), a global leader of cloud insurance software solutions for insurance business transformation, today announced that Celent recognized Majesco with the XCelent Award for Depth of Service in the North American Policy Administration Systems 2020 Personal, Commercial and Specialty ABCD Vendor View Report for the leading score.

Celent would like to congratulate Majesco on winning the XCelent award for Depth of Service” said Karlyn Carnahan, Head of Celent’s property casualty practice in North America. “In judging the Depth of Service award, Celent looks at multiple factors, including the implementation capabilities and ongoing post implementation support. This evaluation methodology also considers the perspective of customers, who provided feedback through an extensive survey. The XCelent award for Depth of Service recognizes Majesco’s performance in these critical areas.”

The report profiles 31 policy administration solutions, providing an overview of their functionality, customer base, lines of business supported, technology, implementation, pricing, and support. Of those 31 solutions, only 14 fully met the inclusion criteria for Celent’s ABCD full report and rankings.

We are humbled and proud to be recognized by Celent as the top provider and winner of the XCelent Award for Depth of Service,” said Majesco CEO Adam Elster. “More importantly, having our customers recognize us with top rankings in the Depth of Service Awards key categories of functionality, technology, implementation and support means so much because they work with us and the system each day. This report recognizes the tremendous progress we have made to aggressively redefine the next generation of SaaS and Cloud platform solutions that are enabling insurers to digitally transform complexity, modernize and optimize their current business models while creating new business models to meet the demands of the future of insurance.”

Some of key areas highlighted by Celent include:

  • The home screen for underwriters and policy service representatives provides a task-oriented activity center, recent records, and tabs for insureds, transactions, and lists.
  • Built on a modern architecture, the system is highly configurable. The configuration tool is very granular, providing a carrier with lots of flexibility.
  • One of its strengths is the provision of preconfigured content for all rates, rules, forms, taxes, fees, surcharges, etc. Majesco Policy for P&C for 52 jurisdictions. Majesco also provides automated updates of this data for its base products every month as part of Majesco Bureau and Content Services.
  • Their client base spans all tiers from the largest carriers in the world to small MGAs and startups. Their pricing model is flexible enough to accommodate the different needs of these different insurers.
  • Majesco was one of the first vendors to create a curated digital ecosystem of partners and Insurtechs. Digital1st Insurance® is the microservices based digital platform used for integration and orchestration (and available as a separate application). The Digital1st EcoExchange® includes apps from insurance ecosystem partners under a single platform.
  • Celent sees this as a strong solution, especially for commercial and specialty lines carriers with configuration tools to build additional functionality as needed. Carriers with a focus on commercial will appreciate the deep knowledge of ISO that shows in this product.

We are thrilled and honored to be recognized by Celent with the XCelent Award for Depth of Service. The re-architecture of Majesco Policy for P&C launched in Version 10 in late 2017 and aggressively expanded on with Version 11 in late 2019, pioneered a new era of the core insurance Cloud and SaaS solution model with a proven, robust, API and microservices enabled platform supporting all existing P&C lines of business, as well as innovative new products such as on-demand, cyber, rideshare and more that deliver speed to value,” said Manish Shah, President and Chief Product Officer at Majesco. “With SaaS and Cloud core platforms now de facto software-delivery model for insurance, our open, secure and scalable architecture designed for continuous updates stands apart as a powerful yet easy-to-use platform for enabling insurers, MGAs, brokers and reinsurers to seize new markets, new business opportunities and new customers in today’s dynamic and highly-competitive market. We are committed to advancing the platform with increasingly, rich, data-driven, and innovative capabilities that will keep our customers at the forefront of the industry as leaders reshaping their businesses and the future of insurance.”

For more information, view the Celent report at this link.

About Majesco

Majesco (NASDAQ: MJCO) provides technology, expertise, and leadership that helps insurers modernize, innovate and connect to build the future of their business – and the future of insurance – at speed and scale. Our platforms connect people and businesses to insurance in ways that are innovative, hyper-relevant, compelling and personal. Over 200 insurance companies worldwide in P&C, L&A and Group Benefits are transforming their businesses by modernizing, optimizing or creating new business models with Majesco. Our market-leading solutions include CloudInsurer® P&C Core Suite (Policy, Billing, Claims); CloudInsurer® LifePlus Solutions (AdminPlus, AdvicePlus, IllustratePlus, DistributionPlus); CloudInsurer® L&A and Group Core Suite (Policy, Billing, Claims); Digital1st® Insurance with Digital1st® Engagement, Digital1st® EcoExchange and Digital1st® Platform – a cloud-native, microservices and open API platform; Distribution Management, Data and Analytics and an Enterprise Data Warehouse. For more details on Majesco, please visit www.majesco.com.

Cautionary Language Concerning Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of management, are not guarantees of performance and are subject to significant risks and uncertainty. These forward-looking statements should, therefore, be considered in light of various important factors, including those set forth in Majesco’s reports that it files from time to time with the Securities and Exchange Commission and which you should review, including those statements under “Item 1A – Risk Factors” in Majesco’s Annual Report on Form 10-K, as amended by its Quarterly Reports on Form 10-Q.

Important factors that could cause actual results to differ materially from those described in forward-looking statements contained in this press release include, but are not limited to: the adverse impact on economies around the world and our customers of the current COVID-19 pandemic; our ability to achieve increased market penetration for our product and service offerings and obtain new customers; our ability to raise future capital as needed; the growth prospects of the property & casualty and life & annuity insurance industry; the strength and potential of our technology platform and our ability to innovate and anticipate future customer needs; our ability to compete successfully against other providers and products; data privacy and cyber security risks; technological disruptions; our ability to successfully integrate our acquisitions and identify new acquisitions; the risk of loss of customers or strategic relationships; the success of our research and development investments; changes in economic conditions, political conditions and trade protection measures; regulatory and tax law changes; immigration risks; our ability to obtain, use or successfully integrate third-party licensed technology; key personnel risks; and litigation risks.

These forward-looking statements should not be relied upon as predictions of future events and Majesco cannot assure you that the events or circumstances discussed or reflected in these statements will be achieved or will occur. If such forward-looking statements prove to be inaccurate, the inaccuracy may be material. You should not regard these statements as a representation or warranty by Majesco or any other person that we will achieve our objectives and plans in any specified timeframe, or at all. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this presentation. Majesco disclaims any obligation to publicly update or release any revisions to these forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events, except as required by law.

Contacts

Laura Tillotson

Director, Marketing Communications and Creative Services

+ 201 230 0752

laura.tillotson@majesco.com

Hilltop Holdings Inc. Announces Change in Location of the 2020 Annual Meeting of Stockholders to a Virtual-Only Format

DALLAS–(BUSINESS WIRE)–Hilltop Holdings Inc. (NYSE: HTH) (“Hilltop”) determined that, due to public health and safety concerns related to the novel coronavirus (COVID-19) pandemic, the location of Hilltop’s 2020 Annual Meeting of Stockholders (the “Annual Meeting”) has been changed to a virtual-only format. Stockholders will not be able to attend the Annual Meeting in person. As previously announced, the Annual Meeting will be held on Thursday, July 23, 2020, at 10:00 a.m., Dallas, Texas local time.

As described in the proxy materials for the Annual Meeting that were previously distributed, you are entitled to participate in the Annual Meeting if you were a stockholder of record as of the close of business April 28, 2020, the record date, or hold a legal proxy for the meeting provided by your bank, broker, or nominee. To attend the Annual Meeting virtually utilize the special website address at www.virtualshareholdermeeting.com/HTH2020. Stockholders must enter the 16-digit control number included on the proxy card, voting instruction form or notice previously delivered to you in order to vote online or submit questions at the Annual Meeting.

Your vote is important to us. Whether or not you plan to participate in the Annual Meeting virtually, we hope you will vote as soon as possible. Voting now at www.proxyvote.com will ensure your representation at the Annual Meeting regardless of whether you participate in the Annual Meeting. If you have already voted, there is no need to vote again unless you wish to change your vote. The proxy card included with the materials previously distributed will not be updated to reflect the change in location and may continue to be used to vote your shares in connection with the Annual Meeting. The Proxy Statement for the Annual Meeting and the Annual Report to Stockholders for the fiscal year ended December 31, 2019 are available at www.proxyvote.com.

About Hilltop Holdings Inc.

Hilltop Holdings is a Dallas-based financial holding company. Its primary line of business is to provide business and consumer banking services from offices located throughout Texas through PlainsCapital Bank. PlainsCapital Bank’s wholly owned subsidiary, PrimeLending, provides residential mortgage lending throughout the United States. Hilltop’s broker-dealer subsidiaries, Hilltop Securities Inc. and Hilltop Securities Independent Network Inc., provide a full complement of securities brokerage, institutional and investment banking services in addition to clearing services and retail financial advisory. At March 31, 2020, Hilltop employed approximately 4,850 people and operated approximately 420 locations in 48 states. Hilltop’s common stock is listed on the New York Stock Exchange under the symbol “HTH.” Find more information at Hilltop-Holdings.com, PlainsCapital.com, PrimeLending.com, and Hilltopsecurities.com.

Contacts

Hilltop Investor Relations Contact:
Erik Yohe | 214.525.4634

eyohe@hilltop-holdings.com

Jonckers annonce la nomination d’une nouvelle PDG

BRUXELLES–(BUSINESS WIRE)–Jonckers, un leader mondial dans le domaine des solutions multilingues et technologiques basées sur une plateforme linguistique, a annoncé aujourd’hui la nomination, par son conseil d’administration, de Silke Zschweigert au poste de présidente-directrice générale avec effet immédiat. Mme Zschweigert occupait auparavant la fonction de directrice des recettes.


« C’est un grand honneur pour moi d’être sollicitée par le conseil d’administration pour devenir la prochaine PDG de cette société dynamique et visionnaire », a déclaré Mme Zschweigert. « Jonckers a su se transformer, passant de pur fournisseur de services linguistiques à plateforme linguistique basée sur l’IA et reposant sur une communauté multilingue. Je suis enthousiaste à l’idée d’étendre ces capacités et de poursuivre le développement de solutions avancées tout en générant une nette plus-value pour les entreprises en phase d’internationalisation. »

Mme Zschweigert succède à Geo Janssens, qui a dirigé la société avec succès pendant quatre ans et a décidé d’assurer une fonction de direction dans le développement de solutions technologiques pour la division des comptes clés. L’impulsion donnée par M. Janssens a été décisive dans le cadre de la création de WordsOnline, une plateforme unique basée sur l’IA et le cloud et intégrant une technologie de traduction automatique neuronale. La plateforme a signé l’avènement d’une offre de rupture, synonyme de qualité et de réduction des coûts et des délais d’exécution pour nos clients.

Depuis son arrivée dans la société en septembre 2019, Silke Zschweigert s’est concentrée sur le développement de la vision d’avenir de la plateforme et de la communauté multilingue, dans le but d’optimiser le retour sur investissement des entreprises en phase d’internationalisation. Mme Zschweigert peut se targuer de posséder une vaste expérience à des postes de direction, puisqu’elle a occupé ceux de vice-présidente directrice et de directrice des prestations chez SDL.

« Dans cette situation actuelle sans précédent, nous nous associons avec nos clients pour stimuler leur réussite à l’international et soutenir la mise en œuvre de leurs solutions basées sur l’IA. Silke est la personne idéale pour accélérer et amplifier notre croissance au cours des prochaines années », a affirmé Olivier Reynders, président du conseil d’administration. « Sa passion des clients et de la technologie ainsi que son expérience internationale permettront à Jonckers d’entrer dans une nouvelle ère d’innovation et de croissance. »

« C’est une période exaltante pour Jonckers et notre plateforme WordsOnline », confirme Mme Zschweigert. « Nous aidons les entreprises à connaître une expansion internationale plus rapide et plus rentable. Notre plateforme reposant sur notre communauté multilingue nous donne la possibilité d’être aussi flexibles et agiles que l’exigent nos clients, où qu’ils soient dans le monde. Elle garantit une qualité supérieure et des livraisons rapides qui répondent aux besoins des entreprises d’aujourd’hui. »

À propos de Jonckers et de WordsOnline

  • Jonckers a été fondé en 1994, en tant que fournisseur privé de services linguistiques.
  • En 2015, la société a créé une plateforme basée sur l’IA et le cloud, appelée WordsOnline et destinée à réduire les coûts et à permettre la traduction de volumes importants dans des délais courts.
  • Jonckers gère une communauté multilingue formée, organisée et susceptible de s’étendre et d’adapter ses compétences et ses connaissances dans divers domaines. La société déploie ces ressources pour aider les entreprises en phase d’internationalisation ou nécessitant une expertise multilingue dans le cadre de l’élaboration de solutions d’IA ou d’analyse/de traitement de données.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Contacts

Nicola Meinders

nicola.meinders@jonckers.com
+32 10 22 26 91

Taulia consigue inversiones estratégicas de Ping An, J.P. Morgan y Prosperity7 Ventures

La compañía de tecnología financiera con base en San Francisco recauda $60 millones en nueva ronda de financiación estratégica

SAN FRANCISCO–(BUSINESS WIRE)–Taulia, líder en soluciones de tecnología de capital circulante, anunció hoy una nueva ronda de financiación estratégica de $60 millones liderada por Ping An Global Voyager Fund con la participación adicional de J.P. Morgan, Prosperity7 Ventures e inversores existentes que incluyen a Zouk Capital. La financiación ayudará a acelerar el crecimiento, ya que la compañía tiene la mirada puesta en una mayor expansión global.

El CEO de Taulia, Cedric Bru dijo: “Es el testimonio de la adecuación producto-mercado de la solución de Taulia que hayamos obtenido el interés e inversión de este trío de compañías Fortune Global 50. Ping An, J.P. Morgan y Prosperity7 Ventures traen un patrimonio de conocimiento que aprovecharemos para solucionar aun más las necesidades de liquidez de las empresas y contribuir al crecimiento económico”.

Donald Lacey, Director Gerente y COO de Ping An Global Voyager Fund, dijo, “Proveer acceso SMEs a fuentes eficientes de financiación es un tema de una importancia increíble en el entorno económico actual. Taulia está a la vanguardia de la tecnología financiera de la cadena de insumos, con una trayectoria global que abarca más de dos millones de proveedores de SME y un conjunto de soluciones que mejora drásticamente la capacidad de SMEs de gestionar el dinero en efectivo. Estamos contentos de asociarnos con Cedric y su equipo para construir sus capacidades en China”.

Esta última ronda de financiación llega cuando Taulia anunciaba que alcanzó rentabilidad en 2019 y una nueva alianza estratégica con J.P. Morgan a comienzos de este año. Al usar soluciones e innovaciones basadas en la tecnología que incluyen el aprendizaje con máquinas, la compañía procesa más de $500 mil millones en gastos anuales a través de su red.

“Estamos comprometidos en llevar las mejores soluciones en el mercado a nuestros clientes, y nuestra alianza estratégica con Taulia fue bien recibida por los clientes”, dijo Stuart Roberts, Director Global de Comercio, J.P. Morgan. “El componente inversión es otro paso en nuestra relación ya que buscamos servir mejor a los clientes y sus cadenas de suministros dentro de nuestra franquicia de Comercio Global”.

Aysar Tayeb, Director Gerente Ejecutivo de Prosperity7 Ventures, fondo de capitales de de riesgo de Aramco, afirmó: “Taulia es una compañía muy prometedora que provee valor real a los compradores y proveedores a través de un combinación inteligente de descuentos dinámicos y financiación de la cadena de insumos. La solución innovadora de Taulia será un componente esencial para muchas corporaciones y SMEs, ya que buscan optimización de capital circulante, una prioridad apremiante a lo largo de los desafíos económicos actuales”.

Acerca de Taulia

Taulia es un proveedor líder de soluciones de capital circulante, con sede central en San Francisco, California. A través de un combinación única de su plataforma, personas y proceso de tecnología, Taulia ayuda a las compañías a acceder al valor anexado en su cadena de insumos, mediante la transición de prácticas ineficientes y a menudo manuales, de gestión de capital circulante a estrategias de optimización de capital circulante lideradas por la tecnología. La visión de Taulia es crear un mundo donde cada empresa prospere permitiéndoles a lo compradores y proveedores, elegir cuando pagar y cuando cobrar. Una red de 2 millones de empresas usan la tecnología de Taulia y los procesos de la compañía por más de $500 mil millones cada año. Taulia tiene la confianza de las compañías más grandes del mundo, incluuidas Airbus, AstraZeneca, Nissan y Vodafone. Para más información, visite www.taulia.com

El texto original en el idioma fuente de este comunicado es la versión oficial autorizada. Las traducciones solo se suministran como adaptación y deben cotejarse con el texto en el idioma fuente, que es la única versión del texto que tendrá un efecto legal.

Contacts

Juhie Kapoor

Directora de Contenidos y Comunicaciones

juhie.kapoor@taulia.com

Mary Arrizza

Encargada de Comunicaciones de Marketing

mary.arrizza@taulia.com

HeraldPR Named Agency of Record for Todos Medical Ltd. and CrowdProtocol to assist Public Relations Campaign to Help Spread Awareness of COVID-19 Testing and Research Efforts

NEW YORK–(BUSINESS WIRE)–HeraldPR, a full service public relations, crisis communications and digital marketing agency with offices in New York and New Orleans announced today that they have been named Agency of Record for Todos Medical Ltd. and CrowdProtocol, two organizations dedicated to helping COVID-19 relief efforts.

Todos Medical is an in vitro diagnostics company focused on the distribution of a comprehensive suite of solutions for the screening and diagnosis of COVID-19 and the development of blood tests for the early detection of cancer and Alzheimer’s disease. CrowdProtocol is a platform created to enable the discovery of effective therapeutic treatment protocols utilizing real world evidence and, together, both organizations are making significant contributions to combat the impacts of COVID-19.

“The Coronavirus has embedded itself deep in our society, daily lives, and news-cycle, so to have the opportunity to work with two great companies making innovative strides to help fight against the virus is a tremendous experience. We’re excited to get their messages out and share their knowledge to help beat this virus” Warren Cohn, CEO of HeraldPR said.

Recently launched, CrowdProtocol.com offers a space for medical professionals to stay updated with the latest treatments, studies and papers from doctors around the world. Its aim is to aggregate conversations and allow for the exchange of ideas with the goal of crowd-sourcing a treatment and protocol that works to defeat all kinds of illnesses, both common and rare, via a methodology and protocol utilizing data.

On the testing front, Todos Medical is involved in developing tests that detect cancer, Alzheimer’s, and viruses through the biochemical changes in saliva and blood. They have recently joined the fight against the coronavirus, partnering with Meridian Health Services Network to deploy COVID-19 testing programs throughout the United States.

About HeraldPR

HeraldPR is a NYC-based full-service public relations, crisis communications and digital marketing agency. The firm has expertise in social media and crisis communications and mitigation. Founded in 2012, HeraldPR works with small businesses, startups, entrepreneurs, corporations, and individuals. Herald’s team of professionals have extensive experience managing communications and digital marketing campaigns.

Contacts

Warren H. Cohn

CEO & Founder

HeraldPR / Emerald.Digital

Warren@HeraldPR.com

Strategy Analytics: AR/VR Outlook: Painful 2020 but Bright Future Ahead in New Normal

Smartphone Tethered AR and VR use for collaboration, education, and training drive growth.

BOSTON–(BUSINESS WIRE)–Strategy Analytics predicts a strong recovery for the global AR/VR markets in 2021 after COVID-19 driven contraction in 2020. Strategy Analytics released its latest report entitled “Short and Long Term Impacts of COVID-19 on the AR and VR Market”.


Key findings from the research include:

  • Total XR shipments (the combined VR Headset Forecast and Dedicated AR Headset Forecast) will increase 6 fold through 2025.
  • XR hardware revenues will surpass $28B annually in 2025.
  • Samsung and start-up Nreal and other vendors will commercialize lightweight, consumer friendly AR headsets to drive strong growth in from the mid and low tier once these smartphone tethered devices reach the market.
  • At the lower end of the market, we anticipate 2021-22 seeing a slight comeback of smartphone-tethered VR headsets as a result of 5G launches by mobile operators.
  • Although we have increased our overall forecast for VR headsets, we have decreased slightly our anticipated shipments of console-tethered VR as a result of Microsoft’s decision not to support VR in the next generation Xbox.

David MacQueen, Director of the Virtual and Augmented Reality service at Strategy Analytics noted, “We expect that the launch of smartphone-tethered AR headsets, such as those from Nreal and Samsung seen at CES at the start of the year to ramp up in late 2020/early 2021. We have raised our longer term forecast for XR hardware as a result of new work and life patterns in the ‘new normal.’ Work at home, training, education, and collaboration will all benefit from AR/VR.”

David Kerr, VP at Strategy Analytics added, “Initially attracting a ‘hardcore’ gaming audience willing to spend for a good quality experience, the audience for these devices has since broadened to include enterprises as well. The use of a fully immersive 3D environment started to prove its worth in design, particularly in the fields of engineering, automotive and architecture. Training and education are other verticals where VR has found a home.”

A complimentary executive summary can be downloaded here.

Source: Strategy Analytics, Inc.

#SA_Media&Services

About Strategy Analytics

Strategy Analytics, Inc. is a global leader in supporting companies across their planning lifecycle through a range of customized market research solutions. Our multi-discipline capabilities include: industry research advisory services, customer insights, user experience design and innovation expertise, mobile consumer on-device tracking and business-to-business consulting competencies. With domain expertise in: smart devices, connected cars, intelligent home, service providers, IoT, strategic components and media, Strategy Analytics can develop a solution to meet your specific planning need. For more information, visit us at www.strategyanalytics.com.

For more information about Strategy Analytics

Virtual and Augmented Reality Strategies: Click Here

Contacts

David MacQueen, dmacqueen@strategyanalytics.com
David Kerr, dkerr@strategyanalytics.com

AM Best Comments on Credit Ratings of Global Atlantic Financial Group Limited and Its Subsidiaries Following Acquisition Announcement

OLDWICK, N.J.–(BUSINESS WIRE)–AM Best has commented that the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of the members of the Global Atlantic Group (Global Atlantic) remain unchanged after the announcement of a definitive agreement by KKR & Co. (KKR) to acquire a controlling interest in these companies. The group members are Commonwealth Annuity and Life Insurance Company (Brighton, MA), its subsidiaries, First Allmerica Financial Life Insurance Company (Brighton, MA), Forethought Life Insurance Company (Indianapolis, IN), Accordia Life and Annuity Company (Des Moines, IA), and its affiliates, Global Atlantic Re Limited and Global Atlantic Assurance Limited. AM Best also comments that the Long-Term ICRs of “bbb” of Global Atlantic Financial Group Limited, the ultimate parent holding company, and its wholly owned subsidiaries Global Atlantic Financial Life Limited and Global Atlantic (Fin) Company (Finco) remain unchanged. All companies are domiciled in Bermuda unless otherwise specified. Additionally, AM Best is taking no rating action on the Long-Term Issue Credit Rating of “bbb” on the $150 million 8.625% senior unsecured notes, due 2021, initially issued by Forethought Financial Group, Inc. and assumed by Finco. The outlook for these Credit Ratings (ratings) is stable. The ratings of Global Atlantic were affirmed on Feb. 26, 2020 (see related press release).

KKR is a leading global investment management firm that was founded in 1976 as Kohlberg, Kravis, Roberts & Co. To date, KKR has completed over 280 private equity transactions. Global Atlantic is expected to continue to operate under its existing structure as a subsidiary of KKR with the management team and all legal entities intact. AM Best expects that Global Atlantic Financial Group Limited may benefit from enhanced financial flexibility and access to new sources of capital under KKR. Total consideration will be 100% of book value at the time of close. The acquisition is all cash and the transaction is expected to close in the first quarter of 2021, pending required regulatory approvals and the satisfaction of other customary closing conditions.

This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media – Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.

Copyright © 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.

Contacts

Anthony McSwieney
Senior Financial Analyst
+1 908 439 2200, ext. 5715
anthony.mcswieney@ambest.com

Michael Porcelli
Director
+1 908 439 2200, ext. 5548
michael.porcelli@ambest.com

Christopher Sharkey
Manager, Public Relations
+1 908 439 2200, ext. 5159
christopher.sharkey@ambest.com

Jim Peavy
Director, Public Relations
+1 908 439 2200, ext. 5644
james.peavy@ambest.com