Market Newsdesk

NEW YORK, Nov. 30, 2020 /PRNewswire/ — Mphasis (BSE: 526299) (NSE: MPHASIS), an Information Technology (IT) solutions provider specializing in cloud and cognitive services, today announced the launch of its Quantum Computing framework powered Consulting and Quantum Algorithm development services.

Mphasis helps enterprises leverage the power of Quantum Computing in solving complex business problems in areas such as Machine Learning, Optimization and Simulation. Quantum Computing allows the building of computing systems which incorporate richer data handling and processing elements than the ones currently used by traditional computers. Quantum computers help reduce the execution time for algorithms, identify complex patterns in data to improve accuracy and help solve complex problems that are difficult to solve on traditional computers in finite time.

The company engages with customers through Quantum computing services such as Assessment, Workshops, Consulting and Algorithm Development. The Quantum Computing Consulting and Algorithm development are powered by Mphasis’ patent pending Quantum Computing framework, Energy Optimized Network (EON). The framework overcomes the limitations of quantum computing systems not being able to work on varied input datasets. It consists of Quantum assisted Machine Learning, Quantum Circuit and Deep neural network layers.

“We at Mphasis work consistently towards driving innovation to bring our customers seamless solutions to complex business problems. The Quantum Energy Optimized Network (EON) based solution and services solve the next level of complex business problems of our customers across areas such as Machine Learning, Optimization and Simulation,” saidNitin Rakesh, Chief Executive Officer & Executive Director, Mphasis.

Quantum Algorithm Development and Implementation services are spread across Quantum Annealing based systems, Quantum Circuit based systems as well as simulators and emulators. The Mphasis expertise in building Quantum based algorithms include Capacitated Vehicle Routing Optimization, Financial Services Portfolio selection, Financial Services Asset allocation, Supply Chain Demand Prediction, Large Scale Image Analytics, Graph Theory and Network Analysis, Distributed Supply Network Optimization, Text Categorization on large document corpus, Rare Event Classification such as Anomaly Detection, Content Generative frameworks such as Natural Language Generators etc.

About Mphasis                                                   

Mphasis (BSE: 526299) (NSE: MPHASIS) applies next-generation technology to help enterprises transform businesses globally. Customer centricity is foundational to Mphasis and is reflected in Mphasis’ Front2Back™ Transformation approach. Front2Back™ uses the exponential power of cloud and cognitive to provide a hyper-personalized (C=X2C² _TM=1) digital experience to clients and their end customers. Mphasis’ Service Transformation approach helps ‘shrink the core’ through the application of digital technologies across legacy environments within an enterprise, enabling businesses to stay ahead in a changing world. Mphasis’ core reference architectures and tools, speed and innovation with domain expertise and specialization are key to building strong relationships with marquee clients. Click here to know more.

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SOURCE Mphasis

UNION, N.J., Nov. 30, 2020 /PRNewswire/ — Bed Bath & Beyond Inc. (Nasdaq: BBBY) has named John Welling as Senior Vice President (SVP), Merchandise Planning, Allocation & Operations, effective immediately.  Mr. Welling will report to Joe Hartsig, Bed Bath & Beyond’s Chief Merchandising Officer (CMO), and President of Harmon Health & Beauty Stores.

John Welling will be responsible for helping lead the transformation of Bed Bath & Beyond’s inventory planning and replenishment strategy, a core pillar in the Company’s strategic growth plan. This includes implementing enhanced merchandising processes and inventory systems to improve in-stock levels and turn times, end to end inventory management capabilities, product life cycle management, reporting tools and regional merchandising activities.  In addition, John will oversee the evolution of space and assortment planning to optimize merchandise in store, ensure a more consistent, high-quality customer experience, and support the recently announced store remodel program which includes investments of approximately $250 million over the next three years. 

Joe Hartsig said, “We’re proud to serve one in five households across the country and we are building on our strong authority in the home market. John brings industry-leading experience in retail transformation, inventory management, merchandise planning and store operations, expertise that will help advance our foundational capabilities, improve the experience for our customers, and drive increased profitability across our assortment.”

Mr. Welling joins Bed Bath & Beyond with decades of experience across the retail industry.  He was SVP for Planning and Allocation at JC Penney, before which he held senior merchandising, planning and operations roles at The Michaels Companies and Walmart, where he spent over 10 years in global leadership roles in inventory management and regional operations.  Prior to this, John spent more than a decade at Accenture, where he was a Partner in the North American Retail Practice, with responsibility for creating and implementing transformational change initiatives across the retail landscape. 

John Welling said, “This iconic brand has been integral to generations of people across North America, and I’m delighted to join Bed Bath & Beyond at a time when its role is more important than ever.  I’m excited to help establish new capabilities that unlock growth and build on the strong authority of this business in the home.”

About Bed Bath & Beyond Inc.

Bed Bath & Beyond Inc. and subsidiaries (the “Company”) is an omnichannel retailer that makes it easy for our customers to feel at home. The Company sells a wide assortment of merchandise in the Home, Baby, Beauty and Wellness markets. Additionally, the Company is a partner in a joint venture which operates retail stores in Mexico under the name Bed Bath & Beyond.

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, the Company’s progress and anticipated progress towards its long-term objectives. Many of these forward-looking statements can be identified by use of words such as may, will, expect, anticipate, approximate, estimate, assume, continue, model, project, plan, goal, and similar words and phrases, although the absence of those words does not necessarily mean that statements are not forward-looking. The Company’s actual results and future financial condition may differ materially from those expressed in any such forward-looking statements as a result of many factors. Such factors include, without limitation: general economic conditions including the housing market, a challenging overall macroeconomic environment and related changes in the retailing environment; risks associated with the novel coronavirus (COVID-19) and the governmental responses to it, including its impacts across the Company’s businesses on demand and operations, as well as on the operations of the Company’s suppliers and other business partners, and the effectiveness of the Company’s actions taken in response to these risks; consumer preferences, spending habits and adoption of new technologies; demographics and other macroeconomic factors that may impact the level of spending for the types of merchandise sold by the Company; civil disturbances and terrorist acts; unusual weather patterns and natural disasters; competition from existing and potential competitors across all channels; pricing pressures; liquidity; the ability to achieve anticipated cost savings, and to not exceed anticipated costs, associated with organizational changes and investments, including the Company’s strategic restructuring program; the ability to attract and retain qualified employees in all areas of the organization; the cost of labor, merchandise and other costs and expenses; potential supply chain disruption due to trade restrictions, and other factors such as natural disasters, such as pandemics, including the COVID-19 pandemic, political instability, labor disturbances, product recalls, financial or operational instability of suppliers or carriers, and other items; the ability to find suitable locations at acceptable occupancy costs and other terms to support the Company’s plans for new stores; the ability to establish and profitably maintain the appropriate mix of digital and physical presence in the markets it serves; the ability to assess and implement technologies in support of the Company’s development of its omnichannel capabilities; the ability to effectively and timely adjust the Company’s plans in the face of the rapidly changing retail and economic environment, including in response to the COVID-19 pandemic; uncertainty in financial markets; volatility in the price of the Company’s common stock and its effect, and the effect of other factors, including the COVID-19 pandemic, on the Company’s capital allocation strategy; risks associated with the ability to achieve a successful outcome for its business concepts and to otherwise achieve its business strategies; the impact of intangible asset and other impairments; disruptions to the Company’s information technology systems including but not limited to security breaches of systems protecting consumer and employee information or other types of cybercrimes or cybersecurity attacks; reputational risk arising from challenges to the Company’s or a third party product or service supplier’s compliance with various laws, regulations or standards, including those related to labor, health, safety, privacy or the environment; reputational risk arising from third-party merchandise or service vendor performance in direct home delivery or assembly of product for customers; changes to statutory, regulatory and legal requirements, including without limitation proposed changes affecting international trade; changes to, or new, tax laws or interpretation of existing tax laws; new, or developments in existing, litigation, claims or assessments; changes to, or new, accounting standards; and foreign currency exchange rate fluctuations. Except as required by law, the Company does not undertake any obligation to update its forward-looking statements.

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SOURCE Bed Bath & Beyond Inc.

Boardwalk Digital Ledger selected to manage forecasting and planning

CUPERTINO, Calif., Nov. 30, 2020 /PRNewswire/ – (TSXV: BWLK) (OTCQB: BWLKF)  Boardwalktech Software Corp (“Boardwalktech” or the “Company”), the leading Digital Ledger platform and enterprise software applications company, is pleased to announce it has executed a new license with a major European based consumer products company (the “Client”) to implement its proprietary Boardwalk Digital Ledger Platform.

Boardwalktech’s platform is being used to manage forecasting and planning for products sold globally.  This is the first application utilizing Boardwalktech’s Digital Ledger technology for this client with planned expansion of additional licensed applications over the next year.   

“Today’s announcement reflects a continuing trend by large enterprises to upgrade their collaborative digital data management solutions, that has only been expedited as a result of the global pandemic. Boardwalktech’s proprietary platform is uniquely suited to help companies transform information management in the enterprise with minimal disruption,” said Andrew T. Duncan, Chief Executive Officer of Boardwalktech. “An organization of this size with a world-wide distribution and sales network has an unparalleled amount of complexity in its supply chain. In this customer’s case, eliminating latencies and inefficiencies that may exist in their supply chain was of paramount importance, particularly when considering the financial costs and risks associated with supply chain delays. Using the Boardwalk Digital Ledger Platform will improve collaboration and connections across numerous teams and time zones around the world, allowing for faster information flow and knowledge exchange, resulting in better, more informed decisions that improve sales and operational results.”

About Boardwalktech Software Corp.

Boardwalktech has developed a patented Digital Ledger Technology Platform used by Fortune 500 companies running hundreds of live mission-critical applications worldwide. Boardwalktech’s patented digital ledger technology and its unique method of managing vast amounts of structured and unstructured data is the only platform on the market today where multiple parties can effectively work on the same data simultaneously. Boardwalktech can deliver a collaborative purpose-built enterprise information management application on any device or user interface with full integration with enterprise systems of record in a fraction of the time it takes other non-digital ledger technology-based applications.

Boardwalktech is headquartered in Cupertino, California with offices in India and operations in North America. To learn more about Boardwalktech and its capabilities, please visit www.boardwalktech.com.

Forward-Looking Information and Statements

This press release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking information and statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Generally, such forward-looking information or statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information contained herein may include, but is not limited to, information concerning the Offering (including the completion of any additional tranches of the Offering) and the use of the proceeds raised under the Offering.

By identifying such information and statements in this manner, the Company is alerting the reader that such information and statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such information and statements.

An investment in securities of the Company is speculative and subject to several risks including, without limitation, the risks discussed under the heading “Risk Factors” in the Company’s filing statement dated May 30, 2018. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information and forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended.

In connection with the forward-looking information and forward-looking statements contained in this press release, the Company has made certain assumptions. Although the Company believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws. All subsequent written and oral forward- looking information and statements attributable to the Company or persons acting on its behalf is expressly qualified in its entirety by this notice.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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SOURCE BoardwalkTech

WOONSOCKET, R.I., Nov. 30, 2020 /PRNewswire/ — CVS Health Corporation (NYSE: CVS) today announced that Larry Merlo, President and Chief Executive Officer; and Eva Boratto, Executive Vice President and Chief Financial Officer; and Karen Lynch, Executive Vice President and President of Aetna will be participating in a fireside chat with investors at the Evercore ISI 3rd Annual Global HealthCONx Conference on December 3, 2020, at approximately 12:10 pm ET.

About CVS
Health
CVS Health employees are united around a common goal of becoming the most consumer-centric health company in the world. We’re evolving based on changing consumer needs and meeting people where they are, whether that’s in the community at one of our nearly 10,000 local touchpoints, in the home, or in the palm of their hand. Our newest offerings – from HealthHUB® locations that are redefining what a pharmacy can be, to innovative programs that help manage chronic conditions – are designed to create a higher-quality, simpler and more affordable experience. Learn more about how we’re transforming health at http://www.cvshealth.com.

 

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SOURCE CVS Health Corporation

ELKHART, Ind., Nov. 30, 2020 /PRNewswire/ — Patrick Industries, Inc. (NASDAQ: PATK) (“Patrick” or the “Company”) announced today that it has completed the acquisition of Taco Metals, LLC (“Taco”), a leading manufacturer of boating products including rub rail systems, canvas and tower components, sport fishing and outrigger systems, helm chairs and pedestals, and specialty hardware for leading OEMs in the recreational boating industry and the related aftermarket. Taco is headquartered in Miami, Florida, with manufacturing facilities in Tennessee and Florida, and distribution centers in Tennessee, Florida, South Carolina and Massachusetts. The Company projects Taco’s full-year 2020 revenues to be approximately $40 million and expects the acquisition to be immediately accretive to net income per share.

“Taco is an innovative, single source solutions provider offering a comprehensive suite of products and accessories with tremendous brand value, a customer first approach, and compelling aftermarket product lines,” said Andy Nemeth, President and Chief Executive Officer of Patrick. “In addition, Taco is a recognized industry leader with a long-standing and diversified customer base, and possesses a full design and engineering support team, global supply chain, and broad manufacturing capabilities. We are excited to partner with Jon, Bill, and Mike Kushner and the entire Taco team in expanding our marine brand and aftermarket platform. Consistent with previous acquisitions, we will support Taco with a financial and operational foundation that will allow it to continue to capitalize on its core competencies while preserving the entrepreneurial spirit and brand that have been so important to its success.”  

Jon Kushner, President of Taco, said, “After more than 60 years as a family-owned business,  my brothers and I are pleased to join the Patrick family to continue the legacy of the Taco brand and broaden our reach and product offerings in the markets we serve. Patrick’s strategic resources and marine industry presence will be an added value toward our ongoing commitment to deliver innovative, engineered products that reflect evolving customer preferences for integration, safety, comfort, convenience and technology.” 

The acquisition of Taco includes the acquisition of working capital and other assets and was funded under the Company’s credit facility. Patrick will continue to operate Taco on a stand-alone basis under its brand name in its existing facilities. 

About Patrick Industries, Inc.        
Patrick Industries, Inc. is a major manufacturer and distributor of component products and building products serving the recreational vehicle, marine, manufactured housing, residential housing, high-rise, hospitality, kitchen cabinet, office and household furniture, fixtures and commercial furnishings, and other industrial markets and operates coast-to-coast in various locations throughout the United States and in Canada, China and the Netherlands. Patrick’s major manufactured products include decorative vinyl and paper laminated panels, countertops, fabricated aluminum products, wrapped profile mouldings, slide-out trim and fascia, cabinet doors and components, hardwood furniture, fiberglass bath fixtures and tile systems, thermoformed shower surrounds, specialty bath and closet building products, fiberglass and plastic helm systems and component products, wiring and wire harnesses, boat covers, towers, tops and frames, electrical systems components including instrument and dash panels, softwoods lumber, interior passage doors, air handling products, RV painting, slotwall panels and components, aluminum fuel tanks, and CNC molds and composite parts and other products. The Company also distributes drywall and drywall finishing products, electronics and audio systems components, wiring, electrical and plumbing products, appliances, cement siding, raw and processed lumber, FRP products, interior passage doors, roofing products, tile, laminate and ceramic flooring, shower doors, furniture, fireplaces and surrounds, interior and exterior lighting products, and other miscellaneous products, in addition to providing transportation and logistics services.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements related to future results, our intentions, beliefs and expectations or predictions for the future, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Any projections of financial performance or statements concerning expectations as to future developments should not be construed in any manner as a guarantee that such results or developments will, in fact, occur. There can be no assurance that any forward-looking statement will be realized or that actual results will not be significantly different from that set forth in such forward-looking statement. Information about certain risks that could affect our business and cause actual results to differ from those expressed or implied in the forward-looking statements are contained in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2019, and in the Company’s Forms 10-Q for subsequent quarterly periods, which are filed with the Securities and Exchange Commission (“SEC”) and are available on the SEC’s website at www.sec.gov. Each forward-looking statement speaks only as of the date of this press release, and we undertake no obligation to update any forward-looking statement to reflect events or circumstances occurring after the date on which it is made.

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SOURCE Patrick Industries, Inc.

KARACHI, Pakistan, Nov. 30, 2020 /PRNewswire/ — ChildLife Foundation (ChildLife), a not-for-profit healthcare organization in Pakistan that has saved lives of over three million children to-date, has selected Oracle Cloud Infrastructure (OCI) to support its third party hospital management system application. As a result, ChildLife has significantly increased the utilization of the application by improving its availability and performance, at a reduced cost. This is helping it direct the maximum amount of funding and resource towards achieving its mission: providing quality and free-of-cost emergency healthcare to every child in Pakistan.

ChildLife operates in 21 hospitals with 10 state-of-the-art, model emergency rooms in all public-teaching hospitals across Sindh and Baluchistan provinces and 11 telemedicine satellite centers serving far-flung areas, providing services that typically help save one million lives annually. ChildLife has been expanding its operations exponentially since its inception in 2010.  To continue this, it needed a stable, secure and scalable platform to underpin its hospital management information system and support this ongoing growth.

“Preventable deaths claim the lives of hundreds of children annually in Pakistan, with pneumonia alone killing 92,000 children annually. Our aim is to save as many of them as possible by making rapid access to free-of-cost and quality emergency medical care possible across the country,” said Dr. Ahson Rabbani, CEO – ChildLife Foundation. “Knowing that our hospital management system application is running on a reliable, performant and secure cloud like Oracle Cloud, gives us peace of mind and allows us to ensure that the majority of our funding goes towards delivering an efficient healthcare system.”

ChildLife has made significant savings by deploying Oracle Cloud Infrastructure to help it future-proof its IT infrastructure, instead of upgrading its on-premises solution. Additionally, Oracle Cloud will help deliver the performance and scalability needed to run demanding workloads and maximize the availability of data and applications, as well as provide a disaster recovery site.

“Transforming the future of healthcare can be achieved by leveraging the latest technology to deliver high-quality patient care at a reduced cost. While this is true globally, it specifically applies to a country like Pakistan, where resources are limited,” said Amer Khan, Senior Sales Director, Technology Business, Oracle Pakistan. “We are delighted to help ChildLife Foundation build a reliable and highly available healthcare platform using Oracle’s cloud offerings that will help provide patient-centered, value-based care, enabling the foundation to continue to expand its healthcare network without worrying about the security, scalability and performance issues.”

The contract was awarded to Oracle in August earlier this year and went live in October 2020. 

About ChildLife Foundation
ChildLife Foundation was formed in 2010 with a vision to alleviate healthcare issues in Pakistan and to provide every child in the nation with quality and affordable healthcare facilities. Our network of Emergency Rooms (ER) and Telemedicine Satellite Centres (TSC) is equipped with cutting edge technology and is subject to constant innovations and improvements. We are providing a full spectrum of medical care from Emergency Rooms and Primary care Clinics and Preventive Health Program.  All our initiatives are backed by our spirit of compassion and our dedication to serve an excellent level of care to our children. For more information please visit www.childlifefoundation.org.

About Oracle
The Oracle Cloud offers a complete suite of integrated applications for Sales, Service, Marketing, Human Resources, Finance, Supply Chain, and Manufacturing, plus Highly Automated and Secure Generation 2 Infrastructure featuring the Oracle Autonomous Database. For more information about Oracle (NYSE: ORCL), please visit us at oracle.com.

Trademarks
Oracle and Java are registered trademarks of Oracle Corporation and/or its affiliates. Other names may be trademarks of their respective owners.

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SOURCE Oracle

SAN JOSE, Calif., Nov. 30, 2020 /PRNewswire/ —

Highlights:

• FICO ranked sixth in this year’s RiskTech 100® – a comprehensive study of the world’s major solution providers in risk and compliance technology
• FICO was recognized as category winner in Innovation for the fourth consecutive year
• FICO also won category awards for AI Applications and Financial Crime – Enterprise Fraud

Global analytics software provider FICO, today announced that it has ranked sixth in Chartis Research’s annual RiskTech100® report of world’s leading risk technology providers. FICO also won category awards for Innovation, AI Applications, and Financial Crime – Enterprise Fraud.

“FICO’s top-ten ranking reflects its innovation strategy”, said Sid Dash, research director at Chartis Research. “This involves expanding the use of analytics to new areas, converging analytic solutions where logical, and helping organizations manage the complexity of their analytic assets.”

FICO has been responsible for multiple industry-changing innovations in artificial intelligence, machine learning, and other contextually-driven analytics methods. FICO’s rich portfolio of analytics solutions helps clients grapple with ever larger volumes and variety of data in real time across the enterprise. In addition, FICO fraud solutions protect over 9000 financial institutions, telecommunication organizations, auto finance, insurance companies, and government agencies from losses and damaged customer relationships caused by fraud and related criminal behavior.

“We are extremely proud of this recognition and remain committed to leveraging our deep industry expertise and leading-edge solutions to help our clients solve their most complex business challenges,” said Nikhil Behl, chief marketing officer at FICO. “FICO is focused on driving new innovations in AI, machine learning, and analytics solutions to enable our clients to deliver unsurpassed customer experiences while mitigating risk.”

Now in its 15^th year, the Chartis RiskTech100® report is a comprehensive study of the world’s major solution providers in risk and compliance technology. The rankings in the report reflect the analysts’ opinions, along with research into market trends, participants, expenditure patterns and best practices.

About FICO

FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 US and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time.

Learn more at https://www.fico.com.

Join the conversation at https://twitter.com/fico & https://www.fico.com/en/blogs/

FICO is a registered trademark of Fair Isaac Corporation in the U.S. and other countries.

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SOURCE FICO

WESTFORD, Mass., Nov. 30, 2020 /PRNewswire/ — Ribbon Communications Inc. (Nasdaq: RBBN), a global provider of real time communications software and network solutions to service providers, enterprises, and critical infrastructure sectors, today announced that it has received the “Company of the Year (Telecommunications)” distinction in the Business Intelligence Group‘s 2020 BIG Awards for Business. The organization’s annual industry awards program relies on industry leaders who volunteer to read, score and judge nominations.

“This has been an extraordinary year. The Ribbon – ECI merger doubled the size of our company and significantly expanded our solutions portfolio to help address the needs of our customers during an unprecedented global pandemic and beyond,” said Patrick Joggerst, Chief Marketing Officer and Executive Vice President of Business Development, Ribbon. “I’m so proud of our team for the hard work and dedication they’ve put in during this exceptional time, and of course want to extend my congratulations to the other winners as well.”

Ribbon’s comprehensive suite of cloud, edge and IP optical solutions thread people and networks together. Found in the world’s largest communications service providers and enterprises, our flexible, secure and customizable solutions enable our customers to reap the benefits of simplified, efficient and cost-effective communications at any point in their network modernization journey.

“We are so proud to reward Ribbon for their outstanding 2020 achievements,” said Maria Jimenez, chief nomination officer of the Business Intelligence Group, “This year’s group of winners are clearly leading by example in the global business community.”

About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, business executives—those with experience and knowledge—judge the programs. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

About Ribbon
Ribbon Communications (Nasdaq: RBBN) delivers global communications software and packet and optical network solutions to service providers, enterprises and critical infrastructure sectors. We engage deeply with our customers, helping them modernize their networks for improved competitive positioning and business outcomes in today’s smart, always-on and data-hungry world. Our innovative, end-to-end solutions portfolio delivers unparalleled scale, performance, and agility, including core to edge IP solutions, cloud-native offers, leading-edge software security and analytics tools, as well as 5G-ready packet and optical networking solutions acquired via our recent merger with ECI Telecom. To learn more about Ribbon visit rbbn.com..

Important Information Regarding Forward-Looking Statements  
The information in this release contains forward-looking statements regarding future events that involve risks and uncertainties. All statements other than statements of historical facts contained in this release are forward-looking statements. The actual results of Ribbon Communications may differ materially from those contemplated by the forward-looking statements. For further information regarding risks and uncertainties associated with Ribbon Communications’ business, please refer to the “Risk Factors” section of Ribbon Communications’ most recent annual or quarterly report filed with the SEC. Any forward-looking statements represent Ribbon Communications’ views only as of the date on which such statement is made and should not be relied upon as representing Ribbon Communications’ views as of any subsequent date. While Ribbon Communications may elect to update forward-looking statements at some point, Ribbon Communications specifically disclaims any obligation to do so.

 

 

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SOURCE Ribbon Communications Inc.

REDWOOD CITY, Calif., Nov. 30, 2020 /PRNewswire/ — Talend (NASDAQ: TLND), a global leader in data integration and integrity, today announced at AWS re:Invent 2020 that it has achieved the Amazon Web Services (AWS) Migration Competency and AWS Outposts Ready designations.

AWS Migration Competency
Talend achieved Amazon Web Services (AWS) Migration Competency status. This designation recognizes that Talend provides proven technology and deep expertise to help customer’s move successfully to AWS, through all phases of complex migration projects, discovery, planning, migration and operations. This is the third AWS Competency Talend has received, having previously achieved AWS Data & Analytics Competency and AWS Retail Competency designations.

Achieving the AWS Migration Competency differentiates Talend as an AWS Partner that provides specialized demonstrated technical proficiency and proven customer success with specific focus on Technology for Data Migration. To receive the designation, AWS Partners must possess deep AWS expertise and deliver solutions seamlessly on AWS. 

With Talend and AWS, customers can move mass amounts of data very quickly into an AWS service using any legacy or on-premises data source. Customers can migrate data while managing their AWS resources using Talend Data Fabric, which includes data bulk loading and ingestion, cluster management for Amazon Redshift and Amazon EMR, and enterprise control for Amazon Simple Storage Service (Amazon S3).

AWS Outposts Ready
Talend achieved the Amazon Web Services (AWS) Outposts Ready designation, part of the AWS Service Ready Program. This designation recognizes that Talend has demonstrated successful integration of Talend Data Fabric with AWS Outposts deployments. AWS Outposts is a fully managed service that extends AWS infrastructure, AWS services, APIs, and tools to virtually any datacenter, co-location space, or on-premises facility for a truly consistent hybrid experience.

Recognized for its third AWS Service Ready designation, Talend integrates with AWS Outpost, Amazon Redshift, and Amazon Aurora. With Talend and AWS, shared customers can make business-critical decisions with confidence knowing that their data in AWS, whether in the cloud or in a hybrid environment, is fully reliable and trustworthy. 

“Many companies are modernizing their application performance monitoring systems by leveraging SaaS based solutions,” said Joshua Burgin, General Manager, AWS Outposts, Amazon Web Services, Inc. “We are delighted to welcome Talend to the AWS Outposts Ready Program. Talend Data Fabric can help customers monitor, troubleshoot, and optimize application performance for workloads operating on AWS Outposts, in AWS Regions, and on customer-owned hardware for a truly consistent hybrid experience.”

Achieving the AWS Outposts Ready designation differentiates Talend as an AWS Partner with a product fully tested on AWS Outposts. AWS Outposts Ready products are generally available and supported for AWS customers, with clear deployment documentation for AWS Outposts. AWS Service Ready Partners have demonstrated success building products integrated with AWS services, helping AWS customers evaluate and use their technology productively, at scale and varying levels of complexity.

“Talend is proud to receive AWS Migration Competency and AWS Outposts Ready status, helping us to further stand out as an innovative and strategic partner for businesses,” said Rob Cornell, Head of Technology Alliances, Talend. “Our team is dedicated to helping companies achieve their technology goals by leveraging the agility, breadth of services, and pace of innovation that AWS provides.”

Talend Data Fabric is a single platform that delivers complete, clean and uncompromised data in real time. As more data is ingested and analyzed, Talend helps organizations confidently drive insights using their data to quickly make decisions that can accelerate revenue, innovate faster, and reduce cost and risk.

Talend is a Bronze sponsor at this year’s AWS re:Invent. Please visit our virtual booth or learn more about Talend on AWS by requesting a meeting with Talend here.

About Talend  
Talend (NASDAQ: TLND), a leader in data integration and data integrity, is changing the way the world makes decisions. 

Talend Data Fabric is the only platform that brings together all the data integration and governance capabilities to simplify every aspect of working with data. Talend delivers complete, clean, and uncompromised data in real-time to all. This unified approach to data has made it possible to create the Talend Trust Score™, an industry-first innovation that instantly assesses the reliability of any dataset to bring clarity and confidence to every decision. 

Over 5,000 organizations across the globe have chosen Talend to run their businesses on trusted data. Talend is recognized as a leader in its field by leading analyst firms and industry media. For more information, please visit www.talend.com and follow us on Twitter: @Talend. 

View original content to download multimedia:http://www.prnewswire.com/news-releases/talend-achieves-aws-migration-competency-status-and-aws-outposts-ready-designation-301180758.html

SOURCE Talend Inc.

SANTA CLARA, Calif., Nov. 30, 2020 /PRNewswire/ — SVB Financial Group today announced that it has entered into an agreement to acquire the debt fund business of WestRiver Group, a Seattle-based provider of integrated capital solutions for the global innovation economy. The acquisition will enable SVB Capital, SVB Financial Group’s funds management business, to establish the SVB Capital Credit Platform to provide institutional investors with additional investment opportunities in the innovation economy and provide new debt options to Silicon Valley Bank’s commercial banking clients. SVB Financial Group is the parent company of Silicon Valley Bank, the bank of the world’s most innovative companies and their investors.

SVB has had a long-standing relationship with Seattle-based WestRiver Group and its founder and CEO Erik Anderson. The WestRiver debt team provides debt capital to venture capital and private equity-backed technology and life science companies. Over the past eight years, WestRiver’s debt program has continuously expanded to augment and complement SVB’s growth, providing Silicon Valley Bank with capital to execute on partnered transactions. With the introduction of the SVB Capital Credit Platform, SVB Capital and Silicon Valley Bank will be able to meet the larger debt requirements of their investment and lending clients and provide new and relevant financing solutions.

SVB Capital has been investing in the innovation economy for more than 20 years and manages $5.5B in assets across multiple funds. Limited partners look to SVB Capital for access to the most promising companies and fund managers in the innovation economy. The SVB Capital Credit Platform expands the fund family to existing and new SVB Capital investors. Funds in the Credit Platform will provide a differentiated risk profile and investment duration designed for investors looking for access and returns from the innovation sector.

“WestRiver Group has been a fantastic partner to SVB for the last eight years. Together we have supported innovative companies across the country with the financing they need to scale,” said John China, President of SVB Capital. “Erik and his team are a welcome addition to SVB Capital and will be instrumental in developing our credit platform and delivering on SVB’s mission to be the best partner for technology and life science companies and their investors.

The transaction is expected to close by the end of 2020. Upon closing, Erik Anderson will join SVB as the Executive Chairman of the SVB Capital Credit Platform and will also serve as Chair of the SVB Capital Advisory Committee. Erik, along with SVB veterans Jim Ellison and Pete Scott, will lead the Credit Platform, with fundraising and operation support from SVB Capital. As the Head of the Credit Platform, Jim Ellison will oversee the investment team, which will be responsible for originating, underwriting and managing the investment portfolio. Chief Credit Officer Pete Scott will define investment strategies, develop new products and oversee allocation and reporting across the investment portfolio. In addition to its location in Menlo Park, California, SVB Capital will now have an office in downtown Seattle.

“This exciting collaboration best positions SVB Capital to provide limited partners access to and potential returns in the global innovation economy,” said Anderson. “Our team, including WRG debt managing directors Ryan Grammer, JP Michael and Craig Caukin, looks forward to this valuable partnership.”

For more information about SVB, visit www.svb.com.

About SVB Financial Group



For more than 35 years, SVB Financial Group (NASDAQ: SIVB) and its subsidiaries have helped innovative companies and their investors move bold ideas forward, fast. SVB Financial Group’s businesses, including Silicon Valley Bank, offer commercial and private banking, asset management, private wealth management, brokerage and investment services and funds management services to companies in the technology, life science and healthcare, private equity and venture capital, and premium wine industries. Headquartered in Santa Clara, California, SVB Financial Group operates in centers of innovation around the world. Learn more at svb.com.

SVB Financial Group is the holding company for all business units and groups © 2020 SVB Financial Group. All rights reserved. SVB, SVB FINANCIAL GROUP, SILICON VALLEY BANK, MAKE NEXT HAPPEN NOW and the chevron device are trademarks of SVB Financial Group, used under license. Silicon Valley Bank is a member of the FDIC and the Federal Reserve System. Silicon Valley Bank is the California bank subsidiary of SVB Financial Group. [SIVB-F]

About WestRiver Group

WestRiver Group (WRG) is a collection of investment funds providing integrated capital solutions to the global innovation economy. The Seattle-based venture debt and equity company boasts a growing portfolio of investments in technology, life sciences, energy and experiential sectors. 

View original content to download multimedia:http://www.prnewswire.com/news-releases/svb-financial-group-to-acquire-westriver-groups-debt-investment-business-301180779.html

SOURCE Silicon Valley Bank