Saturday, 30 September 2023
CLOUDFLARE, DATABRICKS PARTNERSHIP TO BRING MLFLOW CAPABILITIES TO DEVELOPERS
CLOUDFLARE LAUNCHES THE MOST COMPLETE PLATFORM TO DEPLOY FAST, SECURE, COMPLIANT AI INFERENCE AT SCALE
SAN FRANCISCO, Sept 29 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that developers can now build full-stack AI applications on Cloudflare’s network. Cloudflare’s developer platform will provide the best end-to-end experience for developers building AI applications, enabling fast and affordable inference without the need to manage infrastructure. As every business, from startups to enterprises, looks to augment their services with artificial intelligence, Cloudflare’s platform is empowering developers with the velocity to ship a production-ready application quickly, with security, compliance, and speed built in.
Business leaders – from Fortune 1000 companies looking to augment their services with AI, to AI startups on a mission to build the next culture-defining application – want to ship production-scale AI-powered applications. Organizations are trying to move quickly to realize value fast. However, they face challenges like rapidly ballooning and opaque costs to deploy AI and ensuring customer data remains private and in compliance with regulations. Developers are facing a slew of new vendors, requiring them to understand new tools quickly and connect many complex, disparate services together. C-level business leaders are looking to optimize costs amid expensive technology, tools, and staffing.
“Cloudflare has all the infrastructure developers need to build scalable AI-powered applications, and can now provide AI inference as close to the user as possible. We’re investing to make it easy for every developer to have access to powerful, affordable tools to build the future,” said Matthew Prince, CEO and co-founder, Cloudflare. “Workers AI will empower developers to build production-ready AI experiences efficiently and affordably, and in days, instead of what typically takes entire teams weeks or even months.”
“As enterprises look to maximize their operational velocity, more and more of them are turning to artificial intelligence,” said Stephen O'Grady, Principal Analyst with RedMonk. “But it's critical to deliver a quality developer experience around AI, with abstractions to simplify the interfaces and controls to monitor costs. This is precisely what Cloudflare has optimized its Workers platform for.”
“Garmin is alongside our users for all their runs, workouts, and outdoor adventures, and we want to ensure that our watches and devices' power can last weeks and months instead of hours or days,” said Aaron Dearinger, Edge Architect, Garmin International. “We're excited for Cloudflare's innovations to ensure AI is performant, fast, close to users, and importantly privacy-first. This holds a lot of potential to us as we aim to bring more advanced fitness, wellness, and adventure insights to our users as they explore.”
Introducing Workers AI: Industry’s First Serverless AI at Scale
Today, Workers AI is delivering a simple, affordable way for developers to run AI models on Cloudflare’s global network. Through significant partnerships, Cloudflare will now provide access to GPUs running on Cloudflare’s massive global network to ensure AI inference can happen close to users for a low-latency end-user experience. When combined with our Data Localization Suite to help control where data is inspected, Workers AI will also help customers anticipate potential compliance and regulatory requirements that are likely to arise as governments create policies around AI use. Cloudflare’s privacy-first approach to application development can help companies keep their promises to their customers by ensuring data used for inference is not used for training LLMs. Cloudflare currently supports a model catalog to help developers get started quickly, with use cases including LLM, speech to text, image classification, sentiment analysis and more.
Introducing Vectorize: A Vector Database That Speeds Up Your AI Workflows
Cloudflare’s new vector database, Vectorize, enables developers to build full-stack AI applications entirely on Cloudflare: from generating your embeddings with the built-in models in Workers AI and indexing them in Vectorize, to querying them and storing source data in R2. With Workers AI and Vectorize, developers no longer have to glue multiple pieces together to empower their apps with AI and machine learning – they can do it all on one platform.
Vectorize also benefits from Cloudflare’s global network, allowing vector queries to happen closer to users, reducing latency and overall inference time. It also integrates with the wider AI ecosystem, allowing developers to store embeddings generated with OpenAI and Cohere, so that teams can bring embeddings they already have and still benefit from Vectorize when it comes to scaling AI-apps to production.
Introducing AI Gateway: Observability and Scale for AI
Today, Cloudflare is introducing AI Gateway to make AI applications more reliable, observable, and scalable. According to the latest forecasts from IDC, AI spending is expected to balloon to $154 billion this year and increase to more than $300 billion in 2026. However, developers, and C-suite leaders have no way of understanding how money is being spent across AI infrastructure, or how many and from where queries are happening.
Developers should be able to focus on what they’re building, not the infrastructure, scaling, costs, or observability pieces behind it. AI Gateway will give developers observability features to understand AI traffic like the number of requests, number of users, cost of running the app, and duration of requests. Additionally, developers can manage costs with caching and rate limiting. With caching, customers will be able to cache answers across repeated questions, reducing the need to constantly make multiple calls to expensive APIs. Rate limiting will help to manage the malicious actors and heavy traffic in order to manage growth and costs, giving developers more control over how they scale their applications.
To learn more, please check out the resources below:
- Register to reserve your access to Workers AI
- Blog: Workers AI: The inference cloud running on GPUs on Cloudflare’s network
- Blog: Vectorize: a vector database for shipping AI-powered applications to production, fast
- Blog: Announcing AI Gateway: making AI applications more reliable, observable, and scalable
- Blog: The best place on Region: Earth for inference
- Learn how to build full-stack AI applications with Cloudflare at AI.cloudflare.com
About Cloudflare
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at https://radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Workers AI, Vectorize, AI Gateway and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Workers AI, Vectorize, AI Gateway and Cloudflare’s other products and technology, the timing of when Workers AI, Vectorize, AI Gateway or any of their related features will be generally available to all current and potential Cloudflare customers, growth in AI spending, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on August 3, 2023, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2023 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
NATIONAL NANNING ECONOMIC & TECHNOLOGICAL DEVELOPMENT AREA EXPEDITES HIGH-QUALITY CONSTRUCTION OF AIRPORT EXPANSION PROJECT TO MEET CORPORATE NEEDS
In recent days, construction of T3 and support facilities at Nanning Wuxu International Airport is progressing steadily ahead in full steam. To overcome problems encountered during the airport expansion process, head of the National Nanning Economic & Technological Development Area's "leadership group for expediting solutions of corporate needs" arrived at the front line on September 9 to study and determine solutions for rerouting of roadways, repairs of water channels and other construction issues. Companies have lauded the high quality and high efficiency of the Nanning Economic & Technological Development Area. With a total investment of 19.8 billion yuan, the Nanning Wuxu International Airport T3 and support facilities construction project aims to build a brand-new terminal 432,000 square meters in area, along with relevant facilities designed to handle an annual passenger throughput of 34 million person/times. The Nanning Wuxu International Airport T3 and support facilities construction project will play a significantly role in Guangxi's establishment of the new western land-sea corridor, integration into the joint development of the Belt and Road, economic cooperation with RCEP nations in a high-quality manner, contribution to the formation of a China-ASEAN community of common destiny, and endeavor in serving and incorporating into the new development pattern. Yang Jun, head of the Command Department of the Nanning Airport Group, indicates: "Since this year, staff from the Nanning Economic & Technological Development Area have provided numerous assistance in coordinating the resolution of issues in the airport expansion project. Their help has been instrumental in ensuring steady progress of the airport expansion project, and we truly appreciate their passionate and highly efficient services." It has been known that 4.383 billion yuan in investment for airport expansion has been completed since project commencement. http://mrem.bernama.com/viewsm.php?idm=47121 |
AUTEL ENERGY’S MAXICHARGER DC COMPACT 47KW RECEIVES 3-STAR RATING FROM EGAT
Cloudflare Provides Local Compute Power With NVIDIA GPU Technology
KUALA LUMPUR, Sept 29 (Bernama) -- Cloudflare Inc, a connectivity cloud company, announced its global network will deploy NVIDIA GPUs at the edge combined with NVIDIA Ethernet switches, putting artificial intelligence (AI) inference compute power close to users globally.
It will also feature NVIDIA’s full stack inference software including NVIDIA TensorRT-LLM and NVIDIA Triton Inference server, to further accelerate performance of AI applications, including large language models.
“With NVIDIA’s state-of-the-art GPU technology on our global network, we are making AI inference that was previously out of reach for many customers, accessible and affordable globally,” said Cloudflare chief executive officer and co-founder, Matthew Prince in a statement.
Meanwhile, NVIDIA vice president of Hyperscale and HPC, Ian Buck said: “With NVIDIA GPUs and NVIDIA AI software available on Cloudflare, businesses will be able to create responsive new customer experiences and drive innovation across every industry.”
All Cloudflare customers can now access local compute power to deliver AI applications and services using fast and more compliant infrastructure.
With this announcement, organisations will be able to run AI workloads at scale, and pay for compute power as needed, for the first time through Cloudflare.
By deploying NVIDIA GPUs to its global edge network, Cloudflare now provides low-latency generative AI experiences for every end user; access to compute power near wherever customer data resides; and affordable, pay-as-you-go compute power at scale.
Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organisation can gain the control they need to work, develop, and accelerate their business.
-- BERNAMA
CLOUDFLARE POWERS PRIVACY ENHANCING FEATURES IN MICROSOFT EDGE SECURE NETWORK
SAN FRANCISCO, Sept 29 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the leading connectivity cloud company, today announced that Microsoft Edge is leveraging Cloudflare’s Privacy Proxy technology, a key part of Cloudflare’s privacy stack, to enable its Edge Secure Network feature. This integration will allow Microsoft Edge users who opt in to browse the Internet more privately, without being tracked across websites.
When people browse the Internet they leave a trail of their activities – where they've been, how they spent their time on a specific website, what they may have purchased, and other private details. This type of behavior is often tracked or surveilled to serve more advertisements, monitor the activities of high profile individuals, or censor content that's deemed harmful or offensive. This ultimately creates a treasure trove of personal data for threat actors that is ripe for the picking, trading, and selling. To combat this, routing a user’s traffic through a secure, privacy-respecting network can mask their device's IP addresses, encrypt their data in transit, and make it harder for malicious actors to see a user’s true location and their web activity.
Cloudflare’s privacy-first approach, paired with Microsoft Edge Secure Network, supercharges Internet users’ ability to access potentially unsafe URLs – such as those served over an insecure HTTP connection – securely, routing traffic through an encrypted tunnel. This integration provides Edge users with:
- Automatic browser traffic security: Users can enable Microsoft Edge Secure Network to automatically turn on and secure their browser traffic, sending requests via Cloudflare’s network and hiding their IP address and browser metadata from third party trackers
- Connection encryption: It will encrypt a user’s connection to the websites they’re visiting to help protect their metadata from being exposed to third party trackers
- Online tracking prevention: When Edge Secure Network is active for a site, Internet service providers will not be able to collect browsing data such as details about which websites are visited, and online entities will not be able to use IP addresses for profiling and sending users targeted ads.
- Location privacy: Using Microsoft’s Edge Secure Network, users’ traffic will appear as if coming from a Cloudflare IP address, while still maintaining location accuracy for their search results, directions for maps, and social media content.
“We’re excited to be working with Cloudflare because of its reputation for building privacy-forward technologies and deep involvement in developing the next generation of open privacy-enabling protocols,” said Andrew Nolan, Principal Product Manager for Microsoft Edge. “This integration ensures privacy and balances performance, giving our users protection in the moments they need it the most. Embedding privacy preserving technology into the Microsoft Edge browser demonstrates our continued commitment to provide our users with advanced security and peace of mind as they browse online.”
To learn more, please check out the resources below:
- Blog: Cloudflare is now powering Microsoft Edge Secure Network
- MSFT Edge Features and Tips: Edge Secure Network VPN
Cloudflare, Inc. (NYSE: NET) is the leading connectivity cloud company. It empowers organizations to make their employees, applications and networks faster and more secure everywhere, while reducing complexity and cost. Cloudflare’s connectivity cloud delivers the most full-featured, unified platform of cloud-native products and developer tools, so any organization can gain the control they need to work, develop, and accelerate their business.
Powered by one of the world’s largest and most interconnected networks, Cloudflare blocks billions of threats online for its customers every day. It is trusted by millions of organizations – from the largest brands to entrepreneurs and small businesses to nonprofits, humanitarian groups, and governments across the globe.
Learn more about Cloudflare’s connectivity cloud at cloudflare.com/connectivity-cloud. Learn more about the latest Internet trends and insights at https://radar.cloudflare.com.
Follow us: Blog | X | LinkedIn | Facebook | Instagram
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding the capabilities and effectiveness of Cloudflare’s Privacy Proxy technology and Cloudflare’s other products and technology, the benefits to Cloudflare’s customers from using Cloudflare’s Privacy Proxy technology and Cloudflare’s other products and technology, Cloudflare’s integration with Microsoft Edge and the potential resulting benefits to Cloudflare customers, the potential benefits to customers of integrating Cloudflare and Microsoft products, the potential opportunity for Cloudflare to attract additional customers and to expand sales to existing customers through Cloudflare’s product integrations with Microsoft, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on August 3, 2023, as well as other filings that Cloudflare may make from time to time with the SEC.
The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in Cloudflare’s forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.
© 2023 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.
QRAFT TECHNOLOGIES HIRES SIMON LEE AS APAC MANAGING DIRECTOR OF BUSINESS DEVELOPMENT
ANGLICARESA CREATES FOUNDATION FOR PERSONALISED SERVICES WITH BOOMI
- South Australian not-for-profit reduces integration times by 30 per cent with Boomi’s award-winning integration platform. Boomi replaces Microsoft Azure Integration Services as AnglicareSA works towards single customer view across 62,500 constituents
- AnglicareSA joins approximately 20,000 organisations around the world in selecting Boomi’s category-leading integration platform as a service (iPaaS) for better business outcomes
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20230918877272/en/
“Delivering diverse services requires us to have diverse systems – systems that weren’t designed to communicate with one another. This left us with data inconsistencies and made it difficult to understand the constituents who rely on us,” said Brett Rowe, Manager for Application Support at AnglicareSA. “Boomi serves as the stable foundation we need to ensure reliable system integration so we can continue to improve our services, and tailor them around the unique needs of South Australians.”
AnglicareSA uses Boomi’s integration platform as a service (iPaaS) to connect business-critical applications, including TechnologyOne enterprise resource planning (ERP), Salesforce Lumary, Rapid Global workforce management software, ELMO’s human resources (HR) software, and Microsoft ActiveDirectory and SQL databases. Having upskilled through Boomi’s training program, AnglicareSA’s application team developed and now manages integrations internally, which has generated significant cost savings.
AnglicareSA selected Boomi to replace Microsoft Azure integration services, and in the process eliminated complex point-to-point integrations, which were proving difficult to maintain and support.
“The low-code architecture of the Boomi Platform has made integration at least 30 per cent faster and will allow us to quickly and easily scale our integration capabilities as more cloud applications enter the business,” said Rowe. “Some projects that previously took more than a month are now completed in one week.”
“Additionally, the maturity of the Boomi Platform gives us richer capabilities, and handling integrations internally means funds that would previously have been spent on support can be reinjected into our community services. Since we introduced Boomi in early 2023, we are more agile, responding to requests from the business and employees rapidly, sparing the team from manual data entry and resolving complex integration issues,” added Rowe.
“In a sector where every detail matters, care programs’ staff need to trust that the digital systems underpinning their businesses can accurately serve rich information,” said Nathan Gower, Director, Australia and New Zealand at Boomi. “Switching to Boomi has helped AnglicareSA better understand the needs of its constituents and afforded its IT team the ability to move fast and leave complex integration behind.”
Additional Resources
- Hear from our global Customers
- Browse solutions on Boomi Discover
- Explore the Boomiverse Community
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About Boomi
Boomi aims to make the world a better place by connecting everyone to everything, anywhere. The pioneer of cloud-based integration platform as a service (iPaaS), and now a category-leading, global software as a service (SaaS) company, Boomi touts the largest customer base among integration platform vendors and a worldwide network of approximately 800 partners – including Accenture, Capgemini, Deloitte, SAP, and Snowflake. Global organizations turn to Boomi’s award-winning platform to discover, manage, and orchestrate data, while connecting applications, processes, and people for better, faster outcomes. For more information, visit http://boomi.com.
© 2023 Boomi, LP. Boomi, the ‘B’ logo, and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners.
ISI JOINS FORCES WITH WORLD ANTI-CORRUPTION CONFERENCE TO FIGHT AGAINT CORRUPTION
Thursday, 28 September 2023
AVIA SOLUTIONS GROUP CHAIRMAN SHARES INSIGHTS ON AI IN AEROSPACE INDUSTRY
JEONJU, THE CITY WITH KOREA'S MOST AUTHENTIC CHARM, TO HOLD JEONJU FESTA 2023 FEATURING 14 FESTIVALS THROUGHOUT THE OCTOBER
JEONJU, South Korea, Sept 27 (Bernama-BUSINESS WIRE) -- Throughout October, Jeonju hosts a variety of festivals where you can experience the essence of Korean history, taste, style, and culture.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20230926355165/en/
Travelers from around the world who visit Jeonju in October to attend ‘Jeonju Festa 2023’ will see each week a variety of events held in several locations throughout the city, including Jeonju Hanok Village, Korea Traditional Culture Center, Jeonju General Stadium, and Seohak-dong Art Village.
In the first week of October, Korea's representative gourmet festival, ‘Jeonju Bibimbap Festival’ (October 7-9), ‘Ceremonial March to Enshrine the Portrait of King Taejo of Joseon Dynasty’ (October 6), ‘Jeonju Art Nanjang’ (October 7-9), and ‘International Hanji Industry Festival’ (October 7-10), will take place.
In the second week, the ‘Jeonju Cultural Heritage Night Walk’ (October 13–14) to boost nighttime travel to cultural assets, the ‘Joseon Pop Festival’, a new festival showcasing the allures of Jeonju as the city of sound (October 13–15), and the ‘Jeonju Reading Festival’ to maintain Jeonju's character as a publishing cultural city (October 13–15).
Events for the third and fourth weeks of October include Hanbok Culture Week (October 16–22), King Taejo Portrait Enshrinement Festival (October 21), Specialized Festival for Cultural Facilities in Hanok Village (October 27–29), and Jeonju International Fermented Food Expo (October 26–30).
The ‘Opening Festival for Jeonju Festa 2023’ is also scheduled to welcome Jeonju citizens and visitors for four days from October 6 to 9 at Jeonju Stadium and the old baseball stadium site, with 16 different programs.
Woo Beom-ki, Mayor of Jeonju, said, “Jeonju, Korea's leading cultural and tourism city, has organized a series of festivals that encapsulate the essence of Korean culture and Jeonju's identity. We will strive to ensure that everyone who visits Jeonju has a complete experience of the city's flavor and beauty.”
More information on the cultural tourism in Jeonju, including the October festivals, is available on the ‘Visit Jeonju’ website:
https://tour.jeonju.go.kr/eng/index.jeonju
Wednesday, 27 September 2023
ANAQUA UNVEILS EXECUTIVE LEADERSHIP CHANGES, HEADQUARTERS OPENING IN JAPAN
SWITCHING TO CLOUDFLARE CUTS CARBON EMISSIONS UP TO 96 PCT
Tuesday, 26 September 2023
DIGITAL COMMERCE TRANSACTIONS SURPASS 1 TRILLION BY 2024 - JUNIPER RESEARCH
Syntagma Capital To Acquire Lennox European Commercial Hvac, Refrigeration Divisions
KUALA LUMPUR, Sept 25 (Bernama) -- Syntagma Capital has entered into exclusive negotiations with Lennox International to acquire its European Commercial HVAC and Refrigeration businesses.
“We are excited about the opportunity to invest in Lennox EMEA and continue to grow the business. This transaction illustrates our expertise in corporate carve-outs as it is composed of two simultaneous transactions.
“This transaction represents our third carve out in 2023 alone and reflects Syntagma’s strategy to acquire businesses that will benefit from a new owner to drive the next area of growth,” said Syntagma Managing Partner, Sebastien Kiekert Le Moult in a statement.
The HVAC division designs and manufactures commercial heating, air conditioning and air handling equipment, while the Commercial Refrigeration division designs and manufactures commercial evaporators, condensing units, condensers and dry coolers.
Having served customers in the industrial, retail, logistics, residential, office and HORECA sectors in over 40 countries, the businesses are headquartered in Lyon, France and employ approximately 940 people across four sites and their commercial organisation.
The proposed transaction, which is subject to the fulfilment of customary closing conditions, including the information and consultation of works councils and other regulatory approvals, is expected to be completed by the end of this year.
Syntagma’s team involved in the transaction included Le Moult, Frank Coenen (Partner), Benjamin Dahan (Partner), João Pilecco (Senior Vice President), Gabriele Lo Monaco (Senior Associate) and Alicia Azema (Senior Analyst).
The company was advised by Willkie Farr & Gallagher (mergers and acquisitions (M&A) legal and antitrust), PricewaterhouseCoopers (financial DD and tax structuring), Deloitte (tax and social), Kaiser Associates (operations) and 4Strategies (strategy).
-- BERNAMA
Saturday, 23 September 2023
BILLUPS ACCELERATES GLOBAL EXPANSION, ACQUIRING TAC MEDIA AND APPOINTING DAVID KRUPP GLOBAL CEO
NEW YORK, Sept 21 (Bernama-BUSINESS WIRE) -- Billups, a global Out-of-Home (OOH) technology and managed services company, today announced the acquisition of TAC Media Sdn. Bhd., (“TAC Media”) a prominent OOH advertising specialist based in Malaysia. The acquisition will integrate TAC Media's regional network and insights with Billups' global footprint and technical acumen. As a result, the company’s brand and agency partners will have direct access to Billups’ award-winning services and proprietary and patented OOH analytics and measurement capabilities throughout Malaysia and Southeast Asia.
“Our entry into Southeast Asia required the right market and the right personnel, and we believe we have found the ideal long-term integration partners in TAC Media,” said Billups co-founder Benjamin Billups. “Angie and her team have created a wonderful legacy and compelling story in the Malaysian market. We couldn’t be more excited about their vision for the region.”Founded in 2013 by industry veteran Angie Cutter, TAC Media excels in creating impactful campaigns that help brands connect with their target demographic through a wide range of OOH channels, such as billboards, transit advertising, digital screens and more. With access to over 6,000 digital and static billboards across Malaysia, TAC Media offers the largest network of outdoor advertising space in the region.
"Over the past decade, we have carved out a niche for TAC Media as a formidable player in the region's OOH space,” said Cutter. “This acquisition marks a new phase of progress in our journey and we are thrilled by the prospects ahead, especially at a time when OOH is gaining further momentum and credibility as a vital component of any comprehensive marketing strategy."
Along with this acquisition, Billups is also pleased to announce the promotion of David Krupp to global chief executive officer. During his tenure as Billups’ Americas CEO, Krupp doubled the company’s staff and revenue and expanded into several new territories, including Billups EMEA in 2021. In his new role, Krupp will lead Billup’ global operations, ensuring Billups remains at the forefront of the OOH market and advertising industry worldwide.
“As we near our 20th anniversary milestone, Billups' expansion into Southeast Asia underscores our unwavering commitment to global growth and innovation,” said Krupp. “Acquiring TAC Media will equip our clients with access to expanded global resources and empower us to deliver consistent and exceptional service across North America, EMEA and now Southeast Asia. This acquisition is a testament to our mission of redefining the global OOH landscape and connecting brands with their consumers all over the world.”
With the acquisition of TAC Media, Billups now holds a global presence in 14 countries across North America, Europe and Southeast Asia. Consistently offering top-tier managed services and cutting-edge advertising technology solutions, Billups has cemented its position at the forefront of the global OOH market, setting new standards for innovation and excellence.
For more information, visit www.billups.com.
GLOBAL FISHING WATCH AND PALAU ENTER PARTNERSHIP TO ENHANCE TRANSPARENCY IN FISHERIES SECTOR
NEW YORK, U.S., Sept 22 (Bernama-GLOBE NEWSWIRE) -- Global Fishing Watch welcomes a new partnership with Palau that aims to strengthen sustainable fisheries management and promote transparency as a principle of ocean governance.
The agreement, which was signed between Global Fishing Watch and Palau’s Ministry of Agriculture, Fisheries and Environment, establishes a collaborative framework for publicly sharing the country’s vessel tracking data, which is aggregated and shared through the Fisheries Information Management System. The memorandum of understanding also reinforces the two parties’ commitment to the development of robust ocean governance policies—a longstanding priority for the Pacific island nation.
Announced this week at the 78th Session of the United Nations General Assembly, the partnership marks a cooperative effort that will enable joint work and demonstrate the various ways the fisheries sector can embrace open data to enhance management decisions and increase transparency across the seafood supply chain.
“By making our vessel tracking data publicly available on the Global Fishing Watch map, we hope to increase transparency and accountability of fishing activities in our waters,” said the Honorable Steven Victor, Minister of Agriculture, Fisheries, and the Environment, Palau. “This can drive sustainability of our resources and contribute to reducing illegal activities in our ocean.”
"Palau has consistently demonstrated leadership in marine conservation and fisheries management,” said Tony Long, chief executive officer of Global Fishing Watch. “This partnership underscores our mutual commitment to combating illegal fishing while also signaling transparency as a powerful tool in driving responsible fishing practices. We hope other countries will follow their lead.”
Palau and Global Fishing Watch share a common interest in safeguarding marine biodiversity and promoting sustainable fisheries and resource management. Under their partnership, Global Fishing Watch will provide analytical support based on the examination of vessel behaviors, fleet patterns, and trends associated with port inspections, licensing and enforcement efforts. This information exchange can help inform the country’s ongoing development of its national fisheries policy and marine spatial plans, and will also strengthen its regional and international influence in support of ocean governance initiatives.
With an exclusive economic zone spanning over 232,000 square miles (600,000 square kilometers), Palau is committed to robust management of its industrial and small-scale fisheries—compliance is the cornerstone for the country’s long lasting economic benefits derived from its marine resources. The Pacific is home to the planet’s most productive tuna fisheries, producing over half of the global tuna catch, estimated to be worth about $26 billion each year. Thanks to continued leadership from national governments and regional institutions, all of the major tuna stocks in the Western and Central Pacific Ocean are currently considered to be sustainably fished. Palau’s commitment to further enhancing fisheries transparency will support continued efforts to highlight and maintain the successes of the region.
As a member of the Pacific Island Forum Fisheries Agency, the Parties to the Nauru Agreement, and the Western & Central Pacific Fisheries Commission, Palau has also been a leading voice on ocean protections. In 2022, Palau hosted the 7th Our Ocean Conference, bringing global attention to various marine issues, including the ocean-climate crisis, small-scale fisheries, and illegal fishing, which accounts for over $300 million worth of tuna in the Pacific region alone. The event led to 410 commitments worth over $16 billion USD, setting a positive example for the global community.
Palau joins Papua New Guinea and the Republic of the Marshall Islands who have committed to making their vessel tracking data publicly available via Global Fishing Watch’s map. With continued support from Bloomberg Philanthropies, Global Fishing Watch remains committed to advancing transparency as a principle of ocean governance and working with countries from around the world to make its technology and analytical tools available to advance policy decisions.
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Global Fishing Watch is an international nonprofit organization dedicated to advancing ocean governance through increased transparency of human activity at sea. By creating and publicly sharing map visualizations, data and analysis tools, we aim to enable scientific research and transform the way our ocean is managed. We believe human activity at sea should be public knowledge in order to safeguard the global ocean for the common good of all. www.globalfishingwatch.org