Middle East Live

(BUSINESS WIRE) -- Visa (NYSE: V) today announced it has signed a definitive agreement to acquire Pismo, a cloud-native issuer processing and core banking platform with operations in Latin America, Asia Pacific and Europe, for $1 billion in cash.

By acquiring Pismo, Visa will be positioned to provide core banking and issuer processing capabilities across debit, prepaid, credit and commercial cards for clients via cloud native APIs. Pismo’s platform will also enable Visa to provide support and connectivity for emerging payment rails, like Pix in Brazil, for financial institution clients.

“Through the acquisition of Pismo, Visa can better serve our financial institution and fintech clients with more differentiated core banking and issuer solutions they can offer their customers,” said Jack Forestell, Chief Product and Strategy Officer, Visa.

"At Pismo, we aim to enable our clients to launch cutting-edge payments and banking products within a single cloud-native platform – regardless of rails, geography or currency. Visa provides us unrivalled support to expand our footprint globally and help shape a new era for banking and payments,“ said Ricardo Josua, Co-Founder, CEO, Pismo.

Pismo will retain its current management team. The transaction is subject to regulatory approvals and other customary closing conditions and is expected to close by the end of 2023.

About Visa Inc.

Visa (NYSE: V) is a world leader in digital payments, facilitating transactions between consumers, merchants, financial institutions and government entities across more than 200 countries and territories. Our mission is to connect the world through the most innovative, convenient, reliable and secure payments network, enabling individuals, businesses and economies to thrive. We believe that economies that include everyone everywhere, uplift everyone everywhere and see access as foundational to the future of money movement. Learn more at Visa.com.

About Pismo

Pismo is a technology company with deep experience developing and implementing banking and cards solutions for digital banks and large financial institutions. The company has operations in Latin America, Southeast Asia and Europe. The company’s investors include Redpoint eventures, Softbank, Amazon and Accel.

Forward-Looking Statements

This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as “will,” “is expected,” and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of closing, Pismo’s future success, the impact of the acquisition on Visa’s growth, and the other benefits to Visa, financial institutions and consumers.

By their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from Visa’s forward-looking statements due to a variety of factors, including the timing and outcome of the regulatory approval process, shifts in the regulatory and competitive landscape, cybersecurity incidents, the pace and success of integration, and various other factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, and our other filings with the U.S. Securities and Exchange Commission.

You should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.

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Contacts
Media Contacts

Visa
Constantine Panagiotatos
press@visa.com

Pismo
Debora Fortes
press@pismo.io

LAS VEGAS - Thursday, 29. June 2023 AETOSWire 

New online tools assist Oracle and SAP licensees in pinpointing solutions that can lower total cost of ownership, improve and secure their systems and refocus IT resources towards strategic projects that can lower costs, improve profitability, increase competitiveness and accelerate growth

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced two free, online tools that work in minutes to help Oracle and SAP clients identify and unlock significant potential savings from their existing ERP investments: Rimini Street Savings Calculator for Oracle and Rimini Street Savings Calculator for SAP. Clients who choose Rimini Street have saved more than $7 billion to date, at the same time receiving more responsive and higher quality software support and a partnership that furthers their operational success.

Value of Oracle and SAP Vendor Maintenance Fees Diminishes Over Time

Oracle’s and SAP’s profit margin on their annual software support is typically more than 90%, meaning that the software vendors may spend less than 10% of their client’s annual fees on providing service. This can lead to significant gaps against service needs, such as support for custom configurations and customized code (“add ons”) which are common amongst many Oracle and SAP licensees.

After some number of years, both Oracle and SAP arbitrarily downgrade the scope of services available for a particular release level - yet are known to continue charging the same fee (or more) than when full support was available for the release and push for upgrades and migrations to their newest product releases that may not benefit a particular client.

For those who elect to follow the vendor-dictated roadmap, the total cost of ownership of the ERP system usually only increases, whether choosing to upgrade or maintain operations on their current release.

Rimini Street Solutions Provide Higher Value

Rimini Street provides an annual support solution to help its Oracle and SAP clients reverse this expensive, systemic challenge by offering an immediate 50% savings on annual support fees and these other key benefits:

Named, dedicated primary support engineer with an average of 20 years of experience backed by hundreds of engineering talent around the world

Guaranteed 10-minute response to priority cases, with an average of less than two minutes, to address and resolve issues faster, 24/7/365

Support for customizations at the same level as vendor-delivered code

Guaranteed 15 additional years of support from time of contracting to extract maximum value of existing ERP release

Risk avoidance related to system upgrade and migration challenges

Rimini Street Empowers Clients with $7B Savings and Strategic Project Funding

“Industry analysts estimate most companies spend around 90% of their IT budget on daily operating expenses, leaving only 10% for investment in innovation. Rimini Street can help significantly reduce that 90% to 60% with its service solutions, enabling clients to refocus more money, staff and time towards strategic initiatives and projects,” said Seth A. Ravin, CEO, president and chairman, Rimini Street, Inc.

Select Rimini Street client examples include:

HCX Technology Partners, a Philippines-based digital business solutions provider that manages 60,000 perpetual Oracle PeopleSoft licenses for its clients, utilized Rimini Street to help “reduce the number of people providing production support and refocused them on strategic and development projects,” said Crisela de Jesus, department head, HCM and CRM solutions at HCX Technology Partners.

NIBCO, a leading manufacturer of flow-control solutions with a rich history spanning back to 1904, found that the savings achieved by selecting Rimini Street for its SAP support maintenance has helped to “maximize the lifespan of our SAP system and to avoid unnecessarily spending money on upgrades,” said Jeff Miller, director, business relationship management at NIBCO. “We’ve been able to redirect those funds into acquisitions and developing new products. We’re now spending money on growing NIBCO, not just keeping the lights on.”

“We invite all companies using Oracle and SAP to take just a few minutes to leverage our Savings Calculators,” said David Rowe, chief product officer and executive vice president, global transformation at Rimini Street. “Most organizations are delighted to learn the savings from a switch to Rimini Street is much more than the 50% savings in annual support fees, but can also include savings from the avoidance of forced upgrades just to retain full support, support for customizations at no additional charge, and more efficient support processes. The discovery will be eye-opening and highly opportunistic for your business.“

Explore the full Rimini Street portfolio of ultra-responsive, trusted and proven support, managed services, security, integration, observability, professional services and Rimini ONE™ end-to-end outsourcing solutions for SAP, Oracle and Salesforce applications to support competitive advantage, profitability and growth.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,100 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit http://www.riministreet.com, and connect with Rimini Street on Twitter, Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability and manage our cost of revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle, and risks relating to retention rates; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; the impact of environmental, social and governance (ESG) matters; actions in response to any lingering impacts of the COVID-19 pandemic and its economic, operational and financial impacts on our business; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on May 3, 2023, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2023 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

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Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com

Global service for ‘WITH: Whale In The High’ will be opened on June 29th at 3 pm (KST)!

(BUSINESS WIRE) -- Gravity (NASDAQ: GRVY), a global game company, opens its official global service for ‘WITH: Whale In The High’, a mobile relaxing idle game, on June 29th at 3 pm (KST, UTC+9).

‘WITH: Whale In The High (WITH)’ is a mobile relaxing idle game published by Gravity and developed by Skywalk, a mobile game developer. In WITH, the main story unfolds after the main character, Wiz, winds up on the back of a whale by accident.

Users can decorate the Wiz village to their tastes with the main content such as hideout expansion and Wiz decoration while playing the game. Numerous contents including interacting with whales, decorating aquariums, taking pictures, etc., and trendy expressions of each Wiz’s characteristics using MBTI are expected to deliver a variety of entertainment.

The beautiful pastel-colored graphics and high-quality background music further spotlight the peaceful charm of the game. WITH provides services in a total of 13 languages, including English, Korean, and Japanese, with the aim of targeting the global market.

In celebration of the official launch of the WITH for the global region, Gravity provides rewards such as “Crocodile costume sets,” pets, and jewels for Wiz decoration to all users who access the game. Furthermore, various in-game events, including “WITH Festa Event,” will be held to offer abundant benefits.

Kenneth Noh, Global Mobile Business Team Lead at Gravity, said, “In an effort to reward the support from users around the world, we made our utmost efforts in preparing for the launch of WITH for the global region. As WITH provides relaxing elements and various entertainment, we hope that users can escape from exhausting daily routines and chill out at the end of the day while playing WITH. We are kindly asking for great attention and interest."

More details on WITH is available on the official WITH website (https://with.gnjoy.com/).

Gravity Official Website: http://www.gravity.co.kr
WITH Official Website: https://with.gnjoy.com

About Gravity

Gravity Co., Ltd is a Korean game company established in April 2000 and a global game company listed on NASDAQ (GRVY). As of June 30, 2021, the number of global cumulative accounts of Gravity's representative IP, Ragnarok IP, surpassed the 120 million mark. Based on collaboration among its headquarter, subsidiaries, and overseas branches, Gravity is building its global awareness and influence by engaging in a global publishing business that discovers and distributes games of various platforms and genres, including Ragnarok IP games. The company is expediting its content business by developing various goods for Ragnarok, expanding into the animation, IPTV, and webtoon fields, and promoting various brand collaborations.

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Contacts
Gravity Co., Ltd.
Sung Choi
+82-2-2132-7016
sungchoi@gravity.co.kr

NEW YORK & REDMOND, Wash. - Thursday, 29. June 2023
Strategic Partnership for Next-Gen Solutions Built on Microsoft Azure OpenAI Service, Microsoft Fabric, and Microsoft Teams and Moody’s Proprietary Data to Empower Financial Services, Capital Markets and More

(BUSINESS WIRE) -- Moody’s Corporation (NYSE:MCO) and Microsoft (NASDAQ: MSFT) today announced a new strategic partnership to deliver next-generation data, analytics, research, collaboration and risk solutions for financial services and global knowledge workers. Built on a combination of Moody’s robust data and analytical capabilities and the power and scale of Microsoft Azure OpenAI Service, the partnership creates innovative offerings that enhance insights into corporate intelligence and risk assessment, powered by Microsoft AI and anchored by Moody’s proprietary data, analytics and research.

Strategic Partnership Highlights

Microsoft and Moody’s are co-creating new products and services for research and risk assessment, built on Azure OpenAI Service for enhanced data and risk management.

“Moody’s CoPilot,” an internal copilot tool, is now deployed to Moody’s 14,000 global employees, and will combine Moody’s proprietary data, analytics and research with the latest large language models (LLMs) and Microsoft’s world-class generative AI technology to drive firm-wide innovation and enhance employee productivity in a safe and secure digital sandbox.

Moody’s is adopting Microsoft Teams to provide a new platform for its knowledge workers and customers that will enhance collaboration, productivity, and communication, while maintaining the highest compliance standards.

For internal use and co-innovations, Microsoft is leveraging Moody’s broad range of solutions, including Moody’s Orbis database – one of the world’s most powerful databases on companies – with applications that include third-party reference data, counterparty risk assessment, and supply chain management.

Microsoft and Moody’s will collaborate on the opportunity to deliver data to their shared customers through Microsoft Fabric, a new analytics platform for end-to-end data management.

Moody’s commits to using Microsoft’s Azure cloud platform to power its growing suite of generative AI capabilities and cloud-based applications.

Rob Fauber, president and chief executive officer of Moody's Corporation, said, “Generative AI represents a once-in-a-generation opportunity to enhance how companies navigate the ever-evolving world of exponential risk. By combining Microsoft’s cutting-edge AI capabilities with our proprietary data, research and analytics, Moody’s is positioned to lead the next generation of risk analysis, helping our customers make better decisions by unlocking deeper, more integrated, and unmatched perspectives on risk. We have activated our 14,000 global employees to drive unprecedented experimentation and ignite new innovations across our suite of products and solutions. We are excited to partner with Microsoft to set the standard for how generative AI will pioneer new advancements across our industry.”

Unlocking Advancements in Integrated Risk Analysis

A new copilot tool for customers, “Moody’s Research Assistant,” will unlock the full potential of Moody’s resources and solutions to provide customers with a multifaceted view of risk. Built on Microsoft Azure OpenAI Service and available through multiple channels, including Microsoft Teams, Moody’s Research Assistant will quickly compile and summarize complex information from multiple data sources, all in a safe and secure environment that protects private and proprietary information. Among its many anticipated uses will be the ability to generate custom, detailed analyses of a company or sector by seamlessly combining data from across multiple dimensions – such as firmographic data, credit indicators, economic forecasts, and risk and reputational profiles – to provide fast, contextual and informative answers based on the integration of expansive LLMs and Moody’s industry-leading data, analytics and research.

Bill Borden, corporate vice president of worldwide financial services at Microsoft said, “Our partnership will bring together world-class insights from Moody’s with the capabilities, trust and breadth of Microsoft Cloud – including Azure OpenAI Service, Fabric and Teams – to enable next-gen solutions that will unlock powerful business intelligence and transform productivity and collaboration. We look forward to the new opportunities and value this will bring to employees and firms across banking, capital markets and insurance as well as those in other industries such as manufacturing, telecommunications, transportation and utilities.”

Enhancing Moody’s Collaboration and Productivity through Microsoft Teams

Additionally, through the partnership, Moody’s will leverage Microsoft Teams to create a new collaboration, productivity and communication platform for its knowledge workers and customers. With the integration of Moody’s copilot tools, Teams will automate and streamline manual workflows, provide more efficient access to data and content, and synthesize and summarize information from across multiple data sets, resulting in better insights, improved productivity and compliance, and enhanced employee and customer experiences.

Collaborating to Enhance the New Microsoft Fabric

Microsoft and Moody’s will collaborate on the opportunity to deliver data to their shared customers through Microsoft Fabric, a new end-to-end data analytics platform. Microsoft Fabric includes technologies like Azure Synapse Analytics, Azure Data Factory and Power BI in a single unified product, allowing data engineers opportunity to easily connect and curate data from multiple sources, eliminating sprawl, while better governing data across the entire organization.

ABOUT MOODY’S CORPORATION

Moody’s (NYSE: MCO) is a global integrated risk assessment firm that empowers organizations to make better decisions. Its data, analytical solutions and insights help decision-makers identify opportunities and manage the risks of doing business with others. We believe that greater transparency, more informed decisions, and fair access to information open the door to shared progress. With approximately 14,000 employees in more than 40 countries, Moody’s combines international presence with local expertise and over a century of experience in financial markets.

ABOUT MICROSOFT

Microsoft (Nasdaq “MSFT” @Microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

"SAFE HARBOR" STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

Certain statements contained in this release are forward-looking statements and are based on future expectations, plans and prospects for Moody’s business and operations that involve a number of risks and uncertainties. Such statements involve estimates, projections, goals, forecasts, assumptions and uncertainties that could cause actual results or outcomes to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements. Stockholders and investors are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements and other information in this release are made as of the date hereof, and Moody’s undertakes no obligation (nor does it intend) to publicly supplement, update or revise such statements on a going-forward basis, whether as a result of subsequent developments, changed expectations or otherwise, except as required by applicable law or regulation. In connection with the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, Moody’s is identifying certain factors that could cause actual results to differ, perhaps materially, from those indicated by these forward-looking statements. Those factors, risks and uncertainties include, but are not limited to: the impact of current economic conditions, including capital market disruptions, inflation and related monetary policy actions by governments in response to inflation, on worldwide credit markets and on economic activity, including on the volume of mergers and acquisitions, and their effects on the volume of debt and other securities issued in domestic and/or global capital markets; the uncertain effectiveness and possible collateral consequences of U.S. and foreign government initiatives and monetary policy to respond to the current economic climate, including instability of financial institutions, credit quality concerns, and other potential impacts of volatility in financial and credit markets; the global impact of the Russia - Ukraine military conflict on volatility in world financial markets, on general economic conditions and GDP in the U.S. and worldwide, on global relations and on the Company's own operations and personnel; other matters that could affect the volume of debt and other securities issued in domestic and/or global capital markets, including regulation, increased utilization of technologies that have the potential to intensify competition and accelerate disruption and disintermediation in the financial services industry, as well as the number of issuances of securities without ratings or securities which are rated or evaluated by non-traditional parties; the level of merger and acquisition activity in the U.S. and abroad; the uncertain effectiveness and possible collateral consequences of U.S. and foreign government actions affecting credit markets, international trade and economic policy, including those related to tariffs, tax agreements and trade barriers; the impact of MIS’s withdrawal of its credit ratings on countries or entities within countries and of Moody’s no longer conducting commercial operations in countries where political instability warrants such action; concerns in the marketplace affecting our credibility or otherwise affecting market perceptions of the integrity or utility of independent credit agency ratings; the introduction of competing products or technologies by other companies; pricing pressure from competitors and/or customers; the level of success of new product development and global expansion; the impact of regulation as an NRSRO, the potential for new U.S., state and local legislation and regulations; the potential for increased competition and regulation in the EU and other foreign jurisdictions; exposure to litigation related to our rating opinions, as well as any other litigation, government and regulatory proceedings, investigations and inquiries to which Moody’s may be subject from time to time; provisions in U.S. legislation modifying the pleading standards and EU regulations modifying the liability standards applicable to credit rating agencies in a manner adverse to credit rating agencies; provisions of EU regulations imposing additional procedural and substantive requirements on the pricing of services and the expansion of supervisory remit to include non-EU ratings used for regulatory purposes; uncertainty regarding the future relationship between the U.S. and China; the possible loss of key employees and the impact of the global labor environment; failures or malfunctions of our operations and infrastructure; any vulnerabilities to cyber threats or other cybersecurity concerns; the timing and effectiveness of our restructuring programs, such as the 2022 - 2023 Geolocation Restructuring Program; currency and foreign exchange volatility; the outcome of any review by controlling tax authorities of Moody’s global tax planning initiatives; exposure to potential criminal sanctions or civil remedies if Moody’s fails to comply with foreign and U.S. laws and regulations that are applicable in the jurisdictions in which Moody’s operates, including data protection and privacy laws, sanctions laws, anti-corruption laws, and local laws prohibiting corrupt payments to government officials; the impact of mergers, acquisitions, such as our acquisition of RMS, or other business combinations and the ability of Moody’s to successfully integrate acquired businesses; the level of future cash flows; the levels of capital investments; and a decline in the demand for credit risk management tools by financial institutions. These factors, risks and uncertainties as well as other risks and uncertainties that could cause Moody’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements are described in greater detail under “Risk Factors” in Part I, Item 1A of Moody’s annual report on Form 10-K for the year ended December 31, 2022, and in other filings made by the Company from time to time with the SEC or in materials incorporated herein or therein. Stockholders and investors are cautioned that the occurrence of any of these factors, risks and uncertainties may cause the Company’s actual results to differ materially from those contemplated, expressed, projected, anticipated or implied in the forward-looking statements, which could have a material and adverse effect on the Company’s business, results of operations and financial condition. New factors may emerge from time to time, and it is not possible for the Company to predict new factors, nor can the Company assess the potential effect of any new factors on it. Forward-looking and other statements in this document may also address our corporate responsibility progress, plans, and goals (including sustainability and environmental matters), and the inclusion of such statements is not an indication that these contents are necessarily material to investors or required to be disclosed in the Company’s filings with the Securities and Exchange Commission. In addition, historical, current, and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future.

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Contacts
For Moody’s:

SHIVANI KAK
Investor Relations
+1 212-553-0298
shivani.kak@moodys.com

OR

MICHAEL ADLER
Moody’s Communications
+1 212-553-4667
michael.adler@moodys.com

For Microsoft:

WE Communications for Microsoft
Microsoft Media Relations
+1 425-638-7777
rapidresponse@we-worldwide.com

(BUSINESS WIRE)--Wemade's MMORPG MIR M: Vanguard and Vagabond (hereinafter "MIR M") opened an exclusive shop for the game's governance token, “DOGMA Shop,” today on June 27th.

In the “DOGMA Shop,” users can purchase special products that are not available in general shops using DOGMA, the governance token of MIR M. The addition of this shop has increased the utility of DOGMA, which was used for voting on major content, such as summoning field bosses and world bosses and holding Hidden Valley Capture.

Product prices in the “DOGMA Shop” are adjusted daily at 0:00 (UTC+8), reflecting the daily average value of DOGMA. All DOGMA used to purchase items will be incinerated.

MIR M also showcased “Monster Spacetime,” a new character growth system that runs on a seasonal basis. In “Monster Spacetime,” users can increase their characters' stats by registering “Demonic Stones” obtained from fields, and “Essence” items provided as rewards for summoning and defeating Monsters.

Season 1 will run until August 22nd. During this period, the "Challenge: Conquer Monster Spacetime" will also be held. Users can complete various achievements to obtain "Monster Spacetime Achievement Chest" containing “Avatar Summoning Ticket” and “Companion Summoning Ticket.”

Furthermore, there will be a check-in event where “Demonic Stone Chest,” “Mandala Selection Chest,” “Boss Raid Entry Ticket,” etc., will be given until July 24th. And the “Yoyo’s Crafting Station” event will be held before the update on July 11th, where users can make items such as the “Relic Armor Selection Chest” and the “Superior Destruction Dragonsoul Stone Chest” using “Monster's Tokens” obtained from Monster Dungeon. Also, the Mandala activation success chance will be increased.

The Rumble Battle seasonal event for July has also been unveiled. This season, special additional rewards will be given to users in the top 100 of the final rankings. And before the July 25th update, Rumble Battle victory and defeat rewards will also be triple the previous amount.

More information on MIR M is available on the official website.

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Contacts
 
Wemade Co., Ltd. (112040: KOSDAQ)
Yeonghyun Lee, PR Manager
yeonghyun@wemade.com

IRVINE, Calif. - Wednesday, 28. June 2023 AETOSWire Print 

Quicker system setup, new Designer Series droplet design, and the power of WiFi 6E

(BUSINESS WIRE)--Linksys, a global innovator in WiFi technology, today announces the latest addition to its WiFi 6E product portfolio – the Linksys Velop Pro 6E, first of its new Designer Series using the “nature inspired” droplet design, along with advanced features that provide the ultimate WiFi 6E experience at an affordable price point.

WiFi 6E offers an extra 6GHz band connection that helps cut down on interference and improves speeds to your connected devices. Powered by the Qualcomm® Immersive Home 316 Platform, the Linksys Velop Pro 6E brings incredible range and coverage with WiFi 6E, enabling users to stream, download, or work with a faster and wider connection, and more devices on their network. Each tri-band node has one 1Gbps Ethernet LAN port for connecting wired devices to wireless networks. With the latest Linksys Mobile App, the Velop Pro 6E is easily set up in under 10 minutes*, and managed remotely with security and other useful features such as guest access, parental controls, and more.

“Today a Connected Home with ubiquitous Wi-Fi is the new normal, but people want the network devices to blend into their decor,” said Vice President of Experience, Jeevan Patil. “We have acted on that demand with our Velop Pro 6E, the first in our new Designer Series, using our droplet design, inspired by nature, in colors such as Carbon Black, Pebble Gray, and Pure White.”

“People not only want the home network device to blend in, but they want to install it quickly,” said Principal Engineer, Michael Forbes. “With our Velop Pro 6E, we reduced the setup time by two thirds, so a complete system can be setup and operational in under 10 minutes.”

The Linksys Velop Pro 6E is available in three configurations with the 1-pack starting at $199. The 1-pack covers ~3,000 square feet, the 2-pack covers ~6,000 square feet, and the 3-pack covers up to ~9,000 square feet. The Velop Pro 6E joins Linksys’ WiFi 6 lineup including the Hydra Pro 6E and Atlas Max 6E.

Additional Features and Benefits

Improved setup – With a quick and easy process, users can set up 3 nodes in under 10 minutes.
Security – Protect your devices with automatic security updates, a separate guest network, and other advanced features through the app.
Fortinet DNS Filtering – Powered by Fortinet’s FortiGuard Labs threat research team, the FortiGuard DNS Filtering Service guards against user connections to malicious or inappropriate websites and content.
Stable, blazing-fast coverage – Qualcomm® Immersive Home 316 Platform blends innovative mesh capabilities with advanced WiFi 6E features.
New form factor – Latest droplet design brings improved thermal management, coverage, and performance in a more compact footprint.
Revised packaging – New recyclable packaging made from 65% recycled material.
Improved mesh technology – Providing users a simple self-optimized capability for collaboration, streaming, gaming, or large gatherings with multiple devices. The network is automatically monitored regularly to ensure a quality experience.
Availability and Imagery

The Linksys Velop Pro 6E will be available July 16th for MSRP $199.99 (1-pack), $349.99 (2-pack), and $499.99 (3-pack) on Linksys.com and select retailers. Imagery and assets can be found here.

About Linksys

Linksys is an iconic brand celebrating its 35th year of innovation in Home Connectivity. Linksys has many industry firsts to its credit and are proven experts at delivering simpler, faster, and reliable connectivity products for the Home at affordable prices. “At Linksys, we engineer simplicity so that you never experience complexity.”

*Setup times and performance results may vary for your unique home network.

Linksys and many product names and logos are trademarks of Linksys Holdings Inc. and/or its affiliates. Third-party trademarks mentioned are the property of their respective owners. Qualcomm Networking Pro 620 platform is a product of Qualcomm Technologies Inc. and/or its subsidiaries. Qualcomm is a trademark or registered trademark of Qualcomm Incorporated.

© 2023 Linksys Holdings, Inc. and/or its affiliates. All rights reserved.

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Linksys@axicom.com

(BUSINESS WIRE)--Quectel Wireless Solutions, a global IoT solutions provider, has today unveiled its latest innovation in satellite communications, the CC660D-LS module, designed specifically to ensure comprehensive global coverage for seamless connectivity.

The CC660D-LS module offers versatile connectivity options, including L-band, S-band, and Band 23 connections. In addition, the module supports 3GPP Release 17 IoT non-terrestrial network (IoT-NTN) connections. With reliable connectivity a priority, the CC660D-LS module addresses this need by supporting two-way communication. It facilitates not only data transmission but also SMS SOS functionality, allowing emergency notifications when needed. Additionally, the module support IP and Non-IP service network, ensuring enhanced connectivity and service availability.

The module also boasts remarkably low power consumption through the implementation of various power-saving modes. These modes include discontinuous reception (DRX), extended DRX (eDRX), and power-saving mode (PSM), enabling efficient energy management. Measuring 17.7mm x 15.8mm x 2.0mm, the CC660D-LS features Quectel Enhanced AT Commands, supports SIM/eSIM and offers embedded Internet service protocols, enabling low latency satellite connectivity via UART communication interface.

“We’re delighted to announce the Quectel CC660D-LS satellite communication module which will provide global coverage to a wide range of connected devices,” said Norbert Muhrer, CSO and President, Quectel Wireless Solutions. “The module supports IoT-NTN connections enabling efficient data communications for low bandwidth applications anywhere on the planet. We’re proud of the CC660D-LS module’s low power consumption and its capability to support deployments regardless of their location.”

The module is highly versatile and can be effectively utilized across various industries, particularly those that traditionally struggle to maintain connectivity due to remote locations such as mining, smart grids and oil and gas pipeline monitoring. It is also well-suited for applications in the transportation sector to enable as vehicle, asset, chassis, and container tracking and additionally offers great potential for deployment in smart agriculture, environmental monitoring, heavy equipment monitoring, and construction fleet management. Additionally, the module has valuable applications in the maritime sector, including vessel connection and maritime buoys. This further expands its reach and usefulness in diverse maritime operations.

Engineering samples of the Quectel CC660D-LS are currently available, and the module is currently going through the CE and FCC certification processes with mass production scheduled for Q4 2023.

About Quectel

Quectel’s passion for a smarter world drives us to accelerate IoT innovation. A highly customer-centric organization, we are a global IoT solutions provider backed by outstanding support and services. Our growing global team of 5,900 professionals sets the pace for innovation in cellular, GNSS, Wi-Fi and Bluetooth modules, antennas, services and IoT connectivity.

With regional offices and support across the globe, our international leadership is devoted to advancing IoT and helping build a smarter world.

For more information: www.quectel.com, LinkedIn, Facebook, and Twitter.

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Media: media@quectel.com

Botify’s latest offering pairs tailored consulting and execution services with its proven platform to propel brands’ organic search revenue.

(BUSINESS WIRE)--Botify, a leading performance marketing platform for organic search, today announced the launch of Botify Advantage – scalable consulting and managed services designed to help customers achieve organic impact faster. The new strategic offering promises to boost customer and agency capacity with industry-leading organic search expertise. Botify’s team of organic search experts identify significant revenue opportunities, provide tailored strategies, and implement them using AI-powered technology.

Organic search adoption is rising among marketers looking for profitable and sustainable growth, with CMOs expected to expand their organic search investment by 46%. Increasing spend alone won’t guarantee success, especially in the rapidly-changing organic search space, currently being transformed by generative-AI disruption. To successfully scale organic search strategies, brands need to combine the right data with the right technology and expertise. Botify Advantage provides this.

Botify’s organic search experts leverage customers’ own first-party data to identify immediate optimization opportunities, allowing marketers to see rapid results while building out their long-term strategies. By keeping their technology, data, and services under the same roof, Botify Advantage delivers faster time to value for enterprises that want to scale organic growth.

Botify Advantage offers two consulting options:

• Strategic Services: Using Botify’s AI-powered technology, Botify Advantage experts help customers define their roadmap and provide consulting services to ensure the customer is able to successfully execute the strategy.
• Managed Services: Using Botify's Analytics, Intelligence, and Activation suites, the Botify Advantage team defines and executes the strategy on behalf of the customer.

“The Botify consulting team has the expertise to provide actionable organic search insights while also possessing the agility to effectively immerse themselves within a company and help execute. They’ve allowed us to accelerate our audience growth, realizing measurable results, all while helping us develop a long-term roadmap,” said Jamie Silverstein, Senior Director, Strategy and Business Operations, TuneIn. “Botify Advantage has proven time and again to be a trusted partner and we are grateful for their collaboration.”

Finding and retaining the diverse expertise organic search demands can be challenging. Proving the value of organic search to the rest of the business has traditionally been difficult. Botify Advantage empowers teams to overcome these challenges, helping to demonstrate the impact of organic investment by acting as an expert extension of the customer team.

“In today’s rapidly evolving consumer climate, where agility is key, accelerating the translation of insights into tangible outcomes has become essential,” said Botify SVP of Global Services, Brian Marin. “With Botify Advantage, our team of experts assumes the driver's seat, leveraging the full potential of our powerful technology to ensure we fulfill this imperative.”

To learn more about Botify Advantage and how it can accelerate your organic search performance, visit botify.com/botify-advantage.

About Botify

Botify, a leading performance marketing platform for organic search, strengthens the digital brand experience by creating greater content findability. Using proprietary first-party data, Botify protects and scales organic web traffic by surfacing deeper insights and understanding behind hidden organic search ROI — offering intelligent opportunities to increase relevant search results, profitability and build better brand authority in parallel and at scale.

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Contacts
 
Natasha Koleas
PAN Communications
949-397-7582
botify@pancomm.com