Pharmaceutical Glass Packing Market Value Estimated To Reach US$ 33.2 Billion By 2027 Covering Covid-19 Analysis: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Pharmaceutical Glass Packing Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”

LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) -- The Global Anti-allergic Drugs Market is expected to grow at a CAGR of around 5.3% from 2020 to 2027 and reach the market value of over US$ 33.2 Bn by 2027.

Pharmaceutical packaging can be defined as packaging products made using drug-compatible materials to provide protection, identification, and ensure the integrity of the enclosed drug product. Pharmaceutical packaging products are manufactured by using different kinds of raw materials, such as plastics both high molecular weight and low molecular weight plastics, paper, glass, aluminium foil, and others. Glass, plastics, and aluminium are widely used in primary packing depends on dosage forms and mode of drug delivery systems whereas paper and paperboards are used for secondary packing.

Glass has a vital role in the primary packing of pharmaceutical products. Glass limits the alkalinity and hydrolytic resistance of the glass container. Also, glass containers offer high transparency, which allows easy inspection of its contents, enables protection because it is relatively impermeable to air and moisture and chemical resistant to most medicinal products. Glass is a mixture of sand, soda ash cullet, sodium carbonate limestone and some other elements. Primary and secondary packaging are used to safeguard the contained product from mechanical, chemical, biological, and climatic hazards.

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Secondary packaging includes temperature-controlled packaging and paperboard boxes. Eradication of Plastic in pharmaceutical packing and usage of Glass in pharmaceutical packing and recycling of Glass for future use would be a driving factor to push the growth of the pharmaceutical Glass packing market. The Market is segmented into Product Type, Drug Type, Material Type and Region.

The market in North America is expected to account for major revenue share in the global pharmaceutical glass packing market and Europe is second after North America. Growing usage of generic injectable drugs, combined with the high demand from the pharmaceutical industry drives the global pharmaceutical glass packaging market demand. Europe is anticipated to account for the second large share of the market over the forecast period to the growth in medical progress employing R&D in the region. The Asia Pacific is an emerging market and expected to grow during the forecast period. Expansion of the generic pharmaceutical industry in countries such as China and India due to increasing population, rising health care infrastructure and Government involvement in the healthcare sector are the driving factors of the region.

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The need for packing in this industry is mainly reliant on increasing both communicable and non-communicable diseases and their treatments including the Covid19. Pharmaceutical glass packing products are highly regulated by Governments to ensure the protection of the medicines from physical damage, contamination of drug and safety. Increasing demand for pharmaceutical products and technological advancements in this industry would directly lead to the growth of the market. Over 130 million tons of glass is currently being produced annually, out of which, 40% is used pharmaceutically and more than 70% of glass recycling.

The additional impact of the COVID-19 pandemic has a positive impact on the pharmaceutical industry and other healthcare facilities, this would lead to fuel the market of Pharmaceutical Glass packing The demand is doubled after rapid approvals to vaccines developed by various institutions and pharmaceutical industries. 

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Developments in Pharmaceutical Glass Packing Market:

According to the Institute of Scrap Recycling Industries, Inc., recycled glass is the substitute of 70% of the raw material used in making new glass. The initiatives of glass recycling are adding value to glass as a commodity.

In 2019 Corning Inc, The German Glass producing company introduced Corning Valor Glass which improves the strength and durability of the glass to chemicals and it is free from boron.

Gerresheimer AG, a German-based pharma glass packaging manufacturer, has developed a metal-free 1 ml long Gx RTF® Luer lock syringe. A study conducted by Gerresheimer confirms that no ceramic residue can be detected in the syringe. A biocompatibility study also verifies that the ceramic material is not cytotoxic.

• The pin used to shape the cone is made of a special ceramic.
  
  
• 1 ml long Gx RTF Luer lock syringe commercially available, other sizes on request.
  
  

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Vision Inspection System Market Value Predicted To Reach US$ 25.5 Billion By 2027 Covering COVID-19 Impact: Acumen Research and Consulting

Acumen Research and Consulting, a global provider of market research studies, in a recently published report titled “Vision Inspection System Market– Global Industry Analysis, Market Size, Opportunities and Forecast, 2020-2027”

LOS ANGELES, June 30, 2021 (GLOBE NEWSWIRE) -- The Global Vision Inspection System Market is expected to grow at a CAGR of around 13.5% from 2020 to 2027 and reach the market value of over US$ 25.5 Bn by 2027.

Asia Pacific dominates the visual inspection system market by recording considerable share 

Asia Pacific has dominated the visual inspection system market in the past and is expected to do so again during the forecast period. The technology is expected to gain significant traction over the forecast period as the region establishes itself as a global manufacturing hub. China and Japan are notable countries with the potential to provide extensive opportunities for both emerging and mature technologies such as machine vision. The region's numerous manufacturing industries contribute to the region's overall economic development's growth and prosperity. 

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Furthermore, the expenditure and operational benefits, combined with initiatives undertaken by governments of emerging countries such as South Korea, India, Taiwan, and Singapore, are responsible for catapulting investments and encouraging various industry players to establish production units in the Asia Pacific region.

Market Drivers

The growing demand for quality inspection and automation across various industrial verticals is expected to drive the market for vision inspection systems. Furthermore, the demand for vision-guided robotic systems in the automotive, food and beverage, pharmaceutical and chemical, and packaging sectors is expected to drive market growth.

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Market Restraint

Lack of skilled professionals impedes the market of global visual inspection market from growing worldwide

A machine vision system enables fast, dependable, and precise control, as well as efficient production and increased delivery reliability. However, it necessitates significant investments in operator training and education, which is required to help the technology enter new markets. This restraint, however, is expected to be overcome during the forecast period, owing to continuous research activities by key market players and increased penetration of machine vision systems in various industries.

Market Trend

Rising need for quality inspection and automation bolster the growth of global visual inspection system market

Manufacturing firms around the world intend to increase their investments in automation following COVID-19. Additionally, as industries have realized the importance of automated quality assurance in manufacturing processes, the demand for it has increased. This need has been aggravated by the COVID-19 outbreak, which has resulted in less human intervention in the process. As a result, machine vision is now widely accepted as an essential component of long-term automation development processes.

Segmental Outlook

The global visual inspection systems market is segmented as offering, product, application, and end-use. Offering is segregated as hardware, software, and services. By product, the market is classified into PC based and smart camera based. Further, application is segmented as quality assurance & inspection, positioning & guidance, measurement, and identification. End-use is further segmented as automotive, pharmaceuticals & chemicals, electronics & semiconductor, pulp & paper, printing & labeling, food & beverage (packaging and bottling), glass & metal, postal & logistics, and others (agriculture, security & surveillance, rubber, plastics, solar paneling, machinery, and others).

Competitive Landscape

The major players involved in the vision inspection system market involve Allied Vision Technologies GmbH, Basler AG, Cognex Corporation, Keyence Corporation, LMI TECHNOLOGIES INC., Omron Microscan Systems, Inc., NI, (National Instruments Corporation), and among others.

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Some of the key observations regarding the vision inspection system industry include:

• In April 2020, Cognex Corporation announced a new product launching namely, "In-Sight® D900 embedded vision system". The newly launched product is a first-of-its-kind solution, the In-Sight D900 features Cognex’s ViDiTM deep learning software inside an In-Sight industrial-grade smart camera. The self-contained system is designed to solve a broad range of complex in-line inspection applications including optical character recognition (OCR), assembly verification, and defect detection.
  
  
• In July 2020, Keyence Corporation announced a collaboration with CVD Equipment Corporation. The collaboration aims to accelerate the development of CVDM’s novel c-VACNT™ Extracorporeal Membrane Oxygenation (ECMO) platform. ECMO devices are used to add Oxygen and remove Carbon Dioxide from a blood stream during periods when the patient’s lungs are not performing at appropriate levels. Typically, they are used during heart/lung surgery, but have recently been used as a last resort for recovery from COVID-19 illness.
  

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EXL Expands Collaboration with AWS to Scale Migration of Enterprise Business Processes to the Cloud

NEW YORK, June 30, 2021 (GLOBE NEWSWIRE) -- EXL [NASDAQ: EXLS], a leading Operations Management and Analytics company, today announced the expansion of its collaboration with AWS to help EXL clients operationalize AI, Analytics, Automation and Cloud technologies within enterprise business processes to achieve the promise of the data-driven enterprise.

Large corporations have struggled to operationalize data-driven technologies like AI, Analytics, Automation and cloud due to legacy technology, process design and data flows. EXL is addressing these challenges through its powerful AI Operating System architecture, known as AI:OS. EXL’s AI:OS offerings integrate cutting-edge cloud-native AI solutions with deep domain expertise and process transition experience to deliver a cloud receiving center for business processes that has the following four attributes.

• Access to clean data by locating AI solutions upstream of legacy environments
• Redesigned data-driven process workflow with embedded analytics
• Improved scalability and access through cloud-native architecture
• Enabling employees to operate at the “top of their license”

“Our clients aspire to deliver experience at the speed of desire for their end customers – they want to proactively address customer issues, make services available on-demand and personalize every interaction. Such speed can only be achieved by leveraging AI Analytics and the cloud,” said Ankor Rai, Chief Digital Officer, EXL. “AWS capabilities are critical for us to meet the aggressive transformation timelines and impact expectations of our clients.”

EXL is also leveraging AWS infrastructure and AWS Training & Certification services to accelerate the development and deployment of domain-specific cloud solutions across the client enterprise, as well as their corporate learning and development programs in areas such as expertise to drive a new cohort of EXL Digital employees toward AWS certifications in Architecture, DevOps, Security, Data Science and Data Engineering.

"For over two decades, successful enterprises have relied on EXL’s strong domain expertise and constant innovation to transform their businesses," said Bill Heffelfinger, EXL Digital CTO & VP Cloud Engineering. "By working together with AWS, EXL extends its ability to support its clients with powerful AI-driven processes that leverage the AWS cloud for maximum scalability, flexibility and resiliency.”

For more information on EXL AI:OS, please click here.

About EXL
EXL (NASDAQ: EXLS) is a leading operations management and analytics company that helps our clients build and grow sustainable businesses. By orchestrating our domain expertise, data, analytics and digital technology, we look deeper to design and manage agile, customer-centric operating models to improve global operations, drive profitability, enhance customer satisfaction, increase data-driven insights, and manage risk and compliance. Headquartered in New York, EXL has more than 31,600 professionals in locations throughout the United States, the UK, Europe, India, the Philippines, Colombia, Australia and South Africa. EXL serves multiple industries including insurance, healthcare, banking and financial services, utilities, travel, transportation and logistics, media and retail, among others. For more information, visit www.exlservice.com.

CONTACT: Media Contact:
Michael Sherrill
Vice President Marketing
646-419-0778
michael.sherrill@exlservice.com

Investor contact:
Steven N. Barlow
Vice President Investor Relations
212-624-5913
steven.barlow@exlservice.com

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20th year commemorative Coffee Table book wins Gold at 2021 Asia Pacific Stevie awards

Chennai, Tamil Nadu, June 30, 2021 (GLOBE NEWSWIRE) -- Sify Technologies Limited  (NASDAQ: SIFY), India’s most comprehensive ICT solutions provider today announced that the Coffee Table book produced to commemorate their 20^th year of listing on Nasdaq has won the Gold at the Asia Pacific Stevie awards 2021.

The innovatively packaged book in larger-than-standard size was a runaway winner in the Award for Innovation in Marketing or Sales Literature category with 32 judges voting for it and one judge commenting, “What's old is new again. Extremely innovative way of presenting the information”.

The entry titled “Reading a book is good for your eyes and our business” uses a nostalgic Tintin styled old-word storytelling that takes decision makers on a journey of Sify’s strengths, woven into a disparate teenage group’s discovery of their capabilities.

Chairman of Sify Technologies, Raju Vegesna, said, “We are delighted that our endeavor to interpret our marketing collaterals through our disruptive DNA has been recognized at the global level. This award proves that an incisive marketing narrative that sets itself away from the run-of-the-mill will undoubtedly draw attention to itself. To be recognized among the best in the business sets the bar higher for all future Sify marketing activities”.

About Sify Technologies

A Fortune India 500 company, Sify Technologies is India’s most comprehensive ICT service & solution provider. With Cloud at the core of our solutions portfolio, Sify is focussed on the changing ICT requirements of the emerging Digital economy and the resultant demands from large, mid and small-sized businesses. 

Sify’s infrastructure comprising state-of-the-art Data Centers, the largest MPLS network, partnership with global technology majors and deep expertise in business transformation solutions modelled on the cloud, make it the first choice of start-ups, SMEs and even large Enterprises on the verge of a revamp.

More than 10000 businesses across multiple verticals have taken advantage of our unassailable trinity of Data Centers, Networks and Security services and conduct their business seamlessly from more than 1600 cities in India. Internationally, Sify has presence across North America, the United Kingdom and Singapore.

Sify, www.sify.com, Sify Technologies and www.sifytechnologies.com are registered trademarks of Sify Technologies Limited.

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.  The forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Sify undertakes no duty to update any forward-looking statements.

For a discussion of the risks associated with Sify’s business, please see the discussion under the caption “Risk Factors” in the company’s Annual Report on Form 20-F for the year ended March 31, 2020, which has been filed with the United States Securities and Exchange Commission and is available by accessing the database maintained by the SEC at www.sec.gov, and Sify’s other reports filed with the SEC.

For further information, please contact:

Attachment

• SIFY Coffee Table

CONTACT: Praveen Krishna
Sify Technologies Limited
+91 9840926523
praveen.krishna@sifycorp.com

Nikhila Kesavan
20:20 Media
+91 9840124036
nikhila.kesavan@2020msl.com

Shiwei Yin
Grayling Investor Relations
+1-646-284-9474
Shiwei.Yin@grayling.com

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WNS Recognized as ‘Leader’ in P&C Insurance for 7th Consecutive Year by Everest Group

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Business Wire India
WNS (Holdings) Limited (NYSE: WNS), a leading provider of global Business Process Management (BPM) solutions, today announced that it has been named a global ‘Leader’ for the seventh consecutive year in Everest Group’s Property and Casualty (P&C) Insurance BPS – Service Provider Landscape with Services PEAK Matrix^® Assessment 2021.
 
Everest Group highlighted WNS’ ‘in-a-box’ offerings which integrate operations and technology solutions for insurers and brokers as a key differentiator. The company was also cited for its role as a strategic digital transformation partner, with a wide array of domain-specific and sophisticated digital solutions spanning the entire insurance value chain. Additionally, the report notes WNS’ unique capabilities in underpenetrated industry segments, including InsurTech, Lloyds syndicates, brokerages and reinsurers. Everest also highlighted WNS’ focus on creating custom solutions and innovative risk-sharing commercial models as evidence of the company’s “co-creation” approach and ability to generate value for its clients.   
 
“Our deep domain expertise and partnership approach to “co-creating” solutions continue to enable digital transformation and differentiation for our clients. Our ongoing investments to drive unique, domain-centric solutions powered by hyperautomation and advanced analytics will allow WNS to deliver long-term results for our clients across industries,” said Keshav R. Murugesh, Group CEO, WNS. 
 
“WNS has continued to maintain its leadership position in the P&C insurance BPS marketplace through a combination of relevant capabilities such as domain focus, operational expertise, and digital/technology assets, that it has managed to package and deliver well in innovative constructs such as outcome-based engagements and in-a-box. While P&C insurance market has been going through its digital adoption curve for quite some time now, COVID-19 has accelerated that process for all. WNS’ ongoing investments in use-case led and customized solutioning, places it favourably to partner with different insurance market participants for their transformation and growth journeys” stated Somya Bhadola, Practice Director, Everest Group.
 
WNS partners with over 55 global insurers, re-insurers, brokers and InsurTechs to drive digital transformation across the P&C, L&A and TPA value chains. The company’s comprehensive suite of digital solutions is powered by hyperautomation, NLP, advanced analytics, AI, blockchain, IoT, BPaaS platforms and process re-engineering frameworks. The Insurance-in-a-Box offering, a unique ‘Platform + BPM-as-a-Service’ target operating model, is ideal for startups, brokers and new-age insurers. WNS’ domain-specific capabilities span the insurance value chain, including underwriting, actuarial services, end-to-end claims management, financial planning and analysis, data and analytics, and risk and compliance.

Uniphore Recognized as Conversational Automation Innovation Leader by Frost & Sullivan

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Business Wire India
Uniphore, an early leader in Conversational Service Automation (CSA), today announced that it has been awarded the 2021 Frost & Sullivan Global Technology Innovation Leadership Award in Conversational Automation.
 
The Frost & Sullivan-authored award recognizes Uniphore’s comprehensive and innovative approach to addressing customer needs with the development and support of its CSA platform via its best-in-class underlying AI technology. The report is the result of an independent, non-sponsored evaluation by Frost & Sullivan’s analyst team and calls out Uniphore’s commitment to innovation and creativity, financial performance, operational efficiency, and growth potential.
 
“Because of the pandemic, enterprise automation has really accelerated the transformation of enterprise conversations, with a specific focus on customer experience (CX).  To solve some major challenges and eliminate customer frustration across the board, we know that AI-driven conversational automation is the key,” said Umesh Sachdev, CEO and co-founder of Uniphore. “Frost & Sullivan is a leading analyst firm that has expertise and experience in this space to truly understand what businesses need to succeed. It is an honor to be recognized by them for our innovative solutions and hypergrowth, and we look forward to continuing to change customer service for the better.”
 
Bringing Digital Transformation to the Contact Center
According to the report, Uniphore’s comprehensive product portfolio “addresses the ongoing trend of companies seeking to simultaneously transform customer care digitally while using technology to rein in costs and boost revenue.” In particular, the award recognizes the recent additions of U-Assist Assurance – which leverages RPA technology to register promises or assurances made to customers during a call in real-time and manage the fulfillment of those promises after the call ends to ensure they are kept – and U-Trust – a voice biometric-based solution that provides agent authentication and secures sensitive customer data during an interaction. Both additions to the Uniphore CSA platform ensure that it is “well positioned to help customers move from fundamental point solutions to companywide strategic automation.”
 
“Uniphore has been at the forefront of conversational automation for years and continues to impress,” said Nancy Jamison, Industry Director, Information & Communications Technologies at Frost & Sullivan. “Following a challenging year across the board for businesses, customer service and employee experience, Uniphore has set a stake in the ground with its vision for conversational process automation by honing in on the ways that humans communicate and building solutions to improve that communication.”
 
Strong Commitment to Future Innovation and Growth in the Enterprise
Uniphore was also recognized for its strong growth potential, based on its recent achievements and future plans. In January 2021, the company acquired Emotion Research Labs to incorporate cutting-edge emotion AI technology into its product suite and broaden its use cases for customer engagement. By leveraging facial emotion recognition and sentiment analysis, Uniphore will be able to enhance video engagements that have become so prevalent in the COVID and WFH-era. These features have broader implications for increasing productivity and engagement across the enterprise – not just in the contact center.
 
The award follows a strong year of growth across the board for Uniphore. Most recently, in March 2021, Uniphore announced its $140M Series D funding round to drive its technology and market leadership in AI, automation and machine learning across the enterprise. Over the last year, Uniphore also made a strategic acquisition of video and emotion AI company, Emotion Research Labs. It has won significant deals with some of the world’s largest telecom providers, insurance companies and financial service organizations, and established strong partnerships with global customer experience (CX) providers including Tech Mahindra, Sitel, Firstsource and WNS.
 
Uniphore is already on track for another strong year and expects to have $100M in contracted annual recurring revenue (ARR) and hire more than 300 employees in fiscal 2022 based on a forecast of continued hypergrowth.
 
Read the full report and learn more about Uniphore’s CSA platform here.

Techstars Partners With Alphabit Fund and Launchpool to Launch New Blockchain-Focused Accelerator in London

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Business Wire India

Techstars, the worldwide network that helps entrepreneurs succeed, today announced an exciting new accelerator program. The Launchpool Web3 Techstars Accelerator focuses on working with entrepreneurs to build blockchain technology and tokenisation protocols to drive towards the decentralised future of finance.

 

The program runs in partnership with Alphabit Fund, the first regulated cryptocurrency and digital asset investment fund, and Launchpool, a regulatory compliant investment platform that offers private seed guaranteed investment opportunities to 35,000 members in its community.

 

Techstars maintains notable experience and expertise in the blockchain space, with a number of strong blockchain companies in the Techstars portfolio including Chainalysis, recently valued at $2 billion, Arweave, TradingView, and more.

 

“Blockchain technology has the potential to shift the control of monetary value and information and disrupt global business processes, as the Internet did in the early 2000s,” said Techstars General Manager Gagan Bhatia. “Working with Alphabit and the Launchpool community to support leading companies in this space is an incredible opportunity and an investment in the decentralized economy of the future.”

 

Located in London, the Launchpool Web3 Techstars Accelerator will work with ten startups each year over an intensive, three-month acceleration period. They will receive funding, hands-on mentorship, exposure to a minimum viable community, access to curated workshops and resources, and join the Techstars global network for life. Applications open from September 13 to December 1, 2021 and the first year of the accelerator will operate from March to June 2022.

 

“Alphabit is thrilled Techstars is partnering with Launchpool and us to bring the first Techstars accelerator to the crypto world. As firm believers in a multichain future, and being passionate about mainstream adoption, this first of its kind accelerator is proud to be chain agnostic,” said Shane McQuillan, VP Strategy of Alphabit.

 

Learn about Launchpool Web3 Techstars Accelerator here. For partnership opportunities with Techstars, contact Will Robinson or visit techstars.com/corporations.

 

About Techstars
The Techstars worldwide network helps entrepreneurs succeed. Founded in 2006, Techstars began with three simple ideas — entrepreneurs create a better future for everyone, collaboration drives innovation, and great ideas can come from anywhere. Now we are on a mission to enable every person on the planet to contribute to, and benefit from, the success of entrepreneurs. In addition to operating accelerator programs and venture capital funds, we do this by connecting startups, investors, corporations, and cities to help build thriving startup communities. Techstars has invested in more than 2,500 companies with a combined market cap of more than $200B. www.techstars.com

 

About Alphabit
One of the first regulated crypto asset funds, Alphabit has forged a reputation for investing in companies at the cutting edge of the blockchain revolution. Alphabit believes, supports, and invests in the decentralised economy of the future, with a generous portfolio of startups, protocols, and DeFi solutions that address an alternative to traditional financial systems. www.alphabit.fund

 

About Launchpool
Launchpool is a regulatory compliant initiative started in 2020 by Alphabit Digital Currency Fund with the aim of providing fair guaranteed access to early stages of project raises to the retail community. With the ethos of ‘Egalitarian Investment’, Launchpool’s global community of 35,000 investors believe in the idea of being your own VC, while supporting the startups ecosystem with a minimum viable community, resources, access to funding opportunities, and enabling partnerships across the blockchain ecosystem. www.launchpool.xyz

 

 

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Ryan Named One of the Best Workplaces in Professional Services in India by Great Place to Work®

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Business Wire India

Ryan, a leading global tax services and software provider, was recently named as one of the Best Workplaces in Professional Services in India by Great Place to Work. Ryan was honored as just one of eight companies named to the professional services category.

 

“This recognition illustrates our continued commitment to building and maintaining a leading culture for attracting and retaining top talent in the professional services industry around the globe,” said G. Brint Ryan, Chairman and CEO of Ryan. “Despite the immense challenges the pandemic has presented to our team in Hyderabad over the past year, they continued to persevere and played an instrumental role in our growth strategy. I truly appreciate their hard work and dedication to our strong workplace culture.”

 

Each year, more than 10,000 organizations from over 60 countries partner with Great Place to Work Institute for assessment, benchmarking, and planning actions to strengthen their workplace culture. More than 1,000 organizations in India applied to Great Place to Work Institute to undertake the assessment this year, making it the largest study in the space of workplace recognition.

 

This study primarily uses two lenses to evaluate and identify the top workplace cultures. The first lens measures the quality of employee experience through a globally validated survey instrument that helps seek anonymous feedback from employees. The second lens is a proprietary tool that evaluates the practices of an organization, covering the entire employee life cycle. Using these two lenses, Great Place to Work Institute has recognized the best workplaces in many sectors from organizations having an employee strength higher than 100.

 

The full list of India’s best workplaces across industries and categories can be found here.

 

About Ryan

 

Ryan, an award-winning global tax services and software provider, is the largest Firm in the world dedicated exclusively to business taxes. With global headquarters in Dallas, Texas, the Firm provides an integrated suite of federal, state, local, and international tax services on a multijurisdictional basis, including tax recovery, consulting, advocacy, compliance, and technology services. Ryan is a nine-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan’s multidisciplinary team of more than 3,000 professionals and associates serves over 18,000 clients in more than 60 countries, including many of the world’s most prominent Global 5000 companies. More information about Ryan can be found at ryan.com. “Ryan” and “Firm” refer to the global organizational network and may refer to one or more of the member firms of Ryan International, each of which is a separate legal entity.

 

 

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MSME Development Centre Launched To Empower the Developing, Small and Mid-Sized Businesses

MSME Business Forum India, which is a network hub of corporate executives, investors, and industry experts striving to enhance MSME and SME profitability, has launched "MediaValueWorks (MVW) -MSME Development Centre" that aims to empower the developing, small and mid-sized businesses to unlock their potential and explore newer opportunities in the post-pandemic era.

The new MVW-MSME Development Centre will work in line with the vision of Government of India to support MSMEs. The centre aim to collaborate with partners and associates to grow the network across the globe.

The MVW-MSME Development Centre shall focus on Micro, Small, and Mid-sized MSMEs transform by going digital, incorporate global best practices, execute efficient workflows, marketing strategies, and being investment-ready said Rachana Chowdhary, Chief Executive of the Development Centre.

To learn more, interested MSMEs can write to mvwdevelopmentcentre@gmail.com.

MVW-MSME Development Centre is a division of MVW Network International Pvt. Ltd, which is a professional organization that aims to provide the right opportunities and empower and eligible MSME businesses. MediaValueWorks (MVW) was established in 2011 is an award-winning integrated marketing consulting firm focussed on 360 communications solutions. With a widespread network across pan-India and 125 countries, MVW helps clients with the right business solutions.

MSME Business Forum India is an SME/MSME platform for business opportunities. new markets development , startup support, technologies support to MSME , JVs/tie ups , benefit from Government scheme, debt re-structuring and fundraising.

NASSCOM-COE Organizes 2nd Edition of UDYAM 4.0 NAYI DISHA Virtual Conference for Tech Innovation in MSMEs

NASSCOM Centre of Excellence Centre of Excellence with support from Ministry of Electronics and Information Technology (MeitY) and Gujarat Department of Science & Technology (DST) & MSME Department, today successfully organised the 2nd Edition of virtual conference on UDYAM 4.0 NAYI DISHA (Digital Innovative Solutions for Helping Atmanirbharta) to usher in technology-based solutions in MSMEs by bringing together industry leaders from MSMEs, start-ups and leading policy makers. Shri Ranjeeth Kumar J, IAS (Commissioner MSME, Govt. of Gujarat) graced the event with his presence as the chief guest and shared his visionary ideas on shaping up the MSME ecosystem through technology and innovation.

Shri Ranjeeth Kumar J, IAS (Commissioner MSME, Govt. of Gujarat) graced the event as the chief guest

In his address, Shri Ranjeeth Kumar J shared how the government has been playing a key role in enabling all the aspects for shaping up the MSME ecosystem towards Industry 4.0. The Government of Gujarat has implemented interventions at policy, infrastructure and institutional level to help MSMEs become globally competitive by upgrading to latest technologies. This is a great opportunity for Manufacturing MSMEs to join the collaborative ecosystem developed by NASSCOM CoE to get started on digital journey.

The robust discussions and session were aimed to put the spotlight on successful utilization of UDYAM 4.0 platform to address digital adoption challenges for MSMEs. NAYI DISHA brings forward the co-creation of evolving business models for MSMEs to digitize in new normal. Resource optimization through technology up-gradation, and demonstration of low cost and easy to deploy technology solutions from start-ups were the highlight that set the base for starting digital journey for MSMEs.

Six deeptech start-ups associated with CoE on GrowX program, Eugenie Technologies Pvt Ltd., Plutomen Technologies Private Limited, ATAI LABS PVT. LTD, Pixuate, AirV Labs LLP and Gyandata presented their innovative solutions.

"Udyam 4.0 platform will considerably help the MSME sector to adopt AR/VR, Computer Vision, IoT, AI & Analytics based digital solutions like 360 deg view of plants, condition monitoring, predictive maintenance, remote operations tracking, quality inspection, energy optimization, worker safety and inventory management. NASSCOM through its Centre of Excellence aims to create an ecosystem of co-creation where industries and deep-tech start-ups can work together towards common goals, in turn excelling in bringing new and innovative solutions for the manufacturing sector," said Amit Saluja, Sr. Director & Head of Manufacturing Vertical, NASSCOM-CoE. With a diverse pool of deep-tech start-ups and tech SMEs, CoE is also working tirelessly to explore innovative solutions using Industry 4.0 technologies including AI, ML, IoT, and so on.

Senior manufacturing leaders and eminent dignitaries also shared their experience on resource optimization and co-creation as a model for implementation of new technologies during the virtual event. The names include Prakash Bhalekar, President and CEO, Padmini VNA Mechatronics Pvt. Ltd., Hemant Shah, Chairman and Managing Director, Navin Group, Amit Saluja, Sr. Director & Head of Manufacturing Vertical, NASSCOM CoE, Sunil David, Director IoT, AT&T India, Jaimin Shah, CEO, Dev Information Technology Ltd., Radhika Madgulkar, Managing Director. Electronica Mechatronic Systems (I) Pvt. Ltd., and Puesh Ajmani, SVP & Chief Digital Officer Textile Sector, Welspun India Limited. 

TCIL & Jupitice Announce MOU for Strategic Partnership to Promote "Private Justice Delivery Platform"

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Telecommunications Consultants India Limited (TCIL) - Indias state-run telecom engineering and consulting company entered into a memorandum of understanding (MOU) with respect to a new strategic partnership with Jupitice Justice Technologies Private Limited - a Chandigarh based Justice Technology startup.

Mr. Rajiv Gupta - Director Projects, TCIL and Mr. Raman Aggarwal - Founder and CEO, Jupitice with copy of MoU. Mr. Sanjeev Kumar, CMD is also seen in the picture

Under the terms of the MOU, TCIL and Jupitice will jointly promote the digital private justice delivery platform developed by Jupitice to support the government bodies, PSUs, and other related institutions for augmenting good governance within the country.

This partnership comes at a time when the Supreme Court's e-committee has been stressing on the development of a Digital Court. As per the records submitted by the Ministry of Law and Justice, India has a whopping 4 crore+ pending cases across various courts of the country and the COVID-19 pandemic has further exasperated this situation.

While signing the MoU, Rajiv Gupta- Director Projects said, "TCIL has been a pioneer in adopting new technologies since its inception in 1978. Over the years, TCIL has ventured into the fields of FTTH, tele-medicine, tele-education, CCTV surveillance, ICT schools, etc. We have always been keen to transfer technological benefits to the citizens of India and partnership with M/s Jupitice is one such step in the same direction. With the burgeoning judicial cases in a country as large as India, automating processes becomes of paramount importance. TCIL aims to develop synergies in the judicial functioning of our country by collaborating with Jupitice for speedy dispute resolution."

Keeping a note of the ever-increasing disputes worldwide and the widening justice gap (5 billion people without any access to justice), Jupitice designed and created an innovative Zero-Contact Smart & Intelligent "Justice Technology Platform" powered by AI and Blockchain that offers "Justice as a Service". Grievance Redressal, Mediation, Conciliation, assisted negotiation and Arbitration are some of the mechanisms that the Jupitice platform facilitates along with offering a global marketplace of neutrals, an end-to-end Private Digital Court and value-added services to offer a court-like experience, digitally. Since its launch, over 6000 disputes have been filed on the platform and approximately 3000 cases have been resolved within a span of 30 days.

"Jupitice's ecosystem approach facilitates mitigation, containment as well as resolution of disputes all on a single platform. As a technology company, we have developed third-generation tools that are much efficient compared to legacy tools used by traditional ODR platforms. Our approach has always been to enhance access to justice in the most convenient, cost-efficient way possible," said Raman Aggarwal - Founder and CEO, Jupitice.

Through this partnership, Indias state-run telecom engineering and consulting company would be able to leverage Jupitice's Private Digital Court infrastructure for PSUs, government bodies, and other public and private establishments within the country. The platform will facilitate simple grievance redressal to mediation, conciliation, and arbitration for resolving both domestic and cross-border disputes. Jupitice's online dispute resolution platform makes Justice accessible, cost-effective, transparent, and accountable by harnessing technology to empower & enable justice seekers.

About Jupitice

Born out of the core issues of 5 billions people not having access to justice, long delays and higher resolution cost, Jupitice was formed in the year 2019 to leverage the domain expertise built over 12 years. Jupitice has designed and created the World's First "Private Digital Court" for Private Justice System to resolve disputes Online. Mr. Aggarwal found three major drawbacks in the Private Justice System, one there is no global address like Traditional Court where one knows where to go to file one's dispute, secondly relating to how to find ADR Practitioners such as Arbitrators, Conciliators, Mediators etc. and the last but not the least relating to digitalization of Private Justice System. This led to the creation of Jupitice - a Private Digital Court under the Private Justice System. Digital Mirror of Traditional Court transformed digitally with Ultra-Advanced Digital Infrastructure & First Class Services and powered by complete digital justice Eco-system, "As A Service Than A Place" to provide Arbitration, Conciliation & Mediation Services etc. All Online, from the comforts of your home or place anytime, anywhere from any device just like going to the Court but MINUS its pain points. Launched in May 2021, Jupitice has taken up about 6000 cases so far!

EbixCash Financial Technologies Features in the Leaderboard for Private Banking & Wealth Management in the IBS Sales League Table 2021

NOIDA, India and JOHNS CREEK, Ga., June 30, 2021 (GLOBE NEWSWIRE) -- EbixCash Private Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries today announced that MoneyWare®, its flagship product for wealth and asset management, has been awarded the Leaderboard position in the IBS Sales League table for 2021.

The IBS Sales League Table evaluated global sales to new named customers for the 2020 calendar year. EbixCash Financial Technologies topped the League Table in Four categories, namely:

1.  Global Leader Board in the Private Banking and Wealth Management Solutions area
2.  Global Sales League Table 2021 - Amongst the leaders in Private Banking & Wealth Management
3.  Global Sales League Table 2021 - Amongst the Leaders in Investment & Fund Management
4.  Domestic Sales League Table 2021 - Leader in Private Banking and Wealth Management Category

MoneyWare® - a multi asset class, multi markets and multicurrency platform allows wealth and asset managers to run their complete front to back-office lifecycle including on demand digital customer engagement through Robo-Advisory, research and analytics enabling DIY journey including virtual remote monitoring assistance through video conferencing & co-browsing. The solution empowers RMs and Financial advisors to pro-actively advise and assist clients. It enables portfolio managers to track and rebalance portfolio with direct market access. The solution improves operational efficiency by providing straight through processing and integrating with brokers, custodians, and market data platforms.

EbixCash Financial Technologies Chief Business Officer, Dhawal Kamath, said, “We are delighted to be featured by IBS Intelligence as the No. 1 Private banking & Wealth Management solution provider in India. This is also the sixth time consecutively that our solution has been named amongst the global leading solutions. We wish to sincerely thank our customer community, eco-system partners and our employees for this shared success.”

Robin Amlôt, Managing Editor of IBS Intelligence said, “We applaud EbixCash Financial Technologies for taking first place in the Private Banking & Wealth Management category (India Domestic) in IBSI Sales League Table 2021, and for its solution suite MoneyWare®; for being featured in the IBSI LeaderBoard as a consistent performer for the past six consecutive years. This achievement highlights the company’s performance and validates its impressive & consistent growth.”

With 300+ customers globally, and more than 50 banks and 150+ Fund and Portfolio Managers in 25 countries already using MoneyWare® for their Wealth and Private Banking Businesses, EbixCash solutions across lending, wealth and asset management have continued to charter new territory each year in terms of new wins, with clients in more than 44 countries now.         

About IBS Intelligence

Established in 1991, IBS Intelligence (www.ibsintelligence.com) is the definitive source of independent analysis and research for global FinTech markets. This research is driven by their independence, knowledge and expertise aggregated over 27 years. IBS Intelligence has been selected by Thomson Reuters, S&P Capital IQ and Bloomberg, the world’s leading research platforms – an endorsement of quality and depth of research.

About EbixCash Financial Technologies (EFT)

EbixCash’s Financial Technology Division has emerged as a leading technology player in the areas of lending, asset & wealth management, insurance, travel, and bus exchange technology. With leading financial institutions and banks across Europe, Middle East, ASEAN, UK and India as clients, EFT has continued to grow its expanse. EFT’s powerful, scalable solutions enable digital clients to grow relationships, offer personalized service and increase revenues and assets under management. One of EFT’s key product MoneyWare®, covers the complete lifecycle of the Wealth and Asset Management business including, CRM, Portfolio & Revenue Management, Mobility and Reporting.

EbixCash is a leader in domestic and international money remittance, foreign exchange (Forex), travel, pre-paid and gift cards, utility payments and software solutions for lending, wealth management, bus exchanges and insurance in India and other markets. EbixCash’s "Phygital” strategy combines over 320,000 physical distribution outlets in India and ASEAN countries with an Omni-channel online digital platform. EbixCash ’s Forex operations have a leadership position in India with operations in 20 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, conducting over $4.8 billion in gross transaction value per year (pre-COVID-19). EbixCash’s inward remittance business is the clear market leader in India, processing approximately $5 billion in gross annual remittance volume (pre-COVID-19). Through its travel portfolio of Via and Mercury, EbixCash is also one of Southeast Asia’s leading travel exchanges with over 200,000 agents, 25 branches and over 9,800 corporate clients, processing an estimated $2.5 billion in gross merchandise value per year (pre-COVID-19). For more information, visit the Company’s website at www.ebixcash.com

About Ebix, Inc.

With 150+ offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries. In the Insurance sector, Ebix develops and deploys a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.

The Company’s EbixCash Financial exchange subsidiary is a leader in domestic and international money remittance, foreign exchange (Forex), travel, pre-paid/gift cards, utility payments, software solutions for lending, wealth management, bus exchanges and insurance in India and other markets. Ebix and its subsidiaries employ thousands of domain-specific technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com

CONTACT:

Darren Joseph
678 -281-2027 or IR@ebix.com

David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com

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HealthTech Startup Meddo Closes $6 Mn in Pre-Series A Led by SRI Capital, Picus Capital and Alkemi Capital

Meddo, a health-technology start-up operating in the ambulatory space has closed the Pre-Series A round at USD 6mn led by SRI Capital, Picus Capital and Alkemi Capital. Meddo equips OPD clinics with technology enabled, digital solutions to turn them into full service medical centres complete with ERM systems, diagnostic support, medicine delivery services/support and much more. 

Launched in 2018 by Mr. Saurabh Kochhar, ex-Foodpanda and Dr. Naveen Nishchal, a serial entrepreneur and co-founder of Cygnus Hospitals, the Meddo model reverse integrates independent OPD clinics into the brand’s fold. With a vision to organise the highly unorganised ambulatory services sector in India, Meddo is the first seamlessly omni-channel healthcare player offering ‘patient-oriented Care’ in the true sense.

Despite the COVID challenges, Meddo has been growing and expanding its network and service offerings. In the last few months, the venture launched relevant solutions like L1 COVID centres, tele-consultation services, diagnostic solutions and an extremely useful and cost-effective healthcare membership called MeddoSure.

Talking about his vision for Meddo and sharing details regarding fund utilisation, Mr Saurabh Kochhar, Founder of Meddo, said, “Meddo Health was conceived with a vision to digitise and organise the ambulatory care space in India on back of innovative technology solutions. With ongoing COVID challenges, our journey so far has been extremely dynamic, and we have evolved on the way, turning each roadblock into an opportunity. Our investors have stood strongly by our side and have shown confidence in our aim to bring much needed inclusivity and structure to the primary healthcare space in India. 

Alkemi Venture Capital has been an active investor in the healthcare sector for around 5+ years now, so having them backing us with funds is great validation of the idea and philosophy of Meddo. With the pre-series A round concluding, we are drawing up plans to utilise these funds effectively. Our focus will be on the following – a) Increasing presence and national footprint - both with more clinics in the NCR region and expansion to other cities, b) Organic and inorganic expansion by investing in technology solutions that integrate seamlessly with the Meddo offering and strengthen the eco-system, c) Investing in big-data that would give us access to trends in the healthcare industry at a micro and macro level so we may customise our offerings as per patient needs, and d) As continuing to double down on patient offerings under Meddo Sure to achieve the vision of complete healthcare cover for patients, and going the extra mile to offer affordable plans that cover all expenses from primary health care (OPD) to hospitalisation (IPD)”

Showcasing their trust in Meddo, Alka Goel, Founding Partner, Alkemi Growth Capital said, “We often fail to acknowledge and appreciate the humongous role played by independent clinics (200-300K) in the overall healthcare delivery. Meddo is partnering with clinics on aspects such as technology and operations to make the patient and physician experience more seamless. In the process it is increasing the asset utilization of these clinics - a win win for all stakeholders involved. Today, more than ever, the need is apparent - and Meddo is helping organize this fragmented market. We are excited about being partners with Meddo in this journey.”

Meddo is built on a premise of integrated and omni-channel healthcare system, which is patient centric, scalable, and medium agnostic. Within the last two years, Meddo has served and created a customer base of almost 6 lakhs patients, on-boarded over 400+ doctors from various super specialities and re-branded close to 250+ clinics under the Meddo brand across Delhi/NCR. With a wide and dominant presence in the capital city, Meddo would want to expand its footprint across top 10 cities within next 18 months.

About Meddo:

The basic premise of Meddo is fundamentally transforming and organizing how healthcare is provided in our country, starting with out-patient care. They have partnered with clinics to upgrade them into full-service health centres by providing one stop care to all the patients and digitally enabling the entire healthcare ecosystem using in-house technology and systems.

Mavenir 5G Standalone Open RAN Selected by Orange for Experimental End-to-End Cloud Network in France

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Business Wire India

Mavenir, the Network Software Provider building the future of networks with cloud-native software that runs on any cloud and transforms the way the world connects, has been selected to provide its 5G Open RAN software to Orange for Europe’s first 5G Stand Alone end-to-end cloud network.

 

The experimental network in Lannion, in the Britany department of France, will be 100% software-enabled and will go live in July. This first phase of a two-year project is a key pillar in Orange’s preparations to transition towards more efficient and agile cloud-native zero-touch Open RAN networks.

 

Mavenir is supplying its MAVair family of virtualised Open RAN software solutions which will take advantage of Artificial Intelligence and Machine Learning platforms to enable the RAN to flex and adapt based on usage and coverage. In the experimental network, MAVair Open RAN software and core functions will be deployed on a single Kubernetes-based infrastructure fully managed by Orange.

 

“Mavenir is delighted to be part of this exciting initiative and we look forward to sharing our experience in Open RAN and cloud-native virtualised network software as Orange embarks on this important network transition,” said Hubert de Pesquidoux, Executive Chairman of Mavenir.

 

“Transformation to Open RAN and more generally migration to cloud native architecture are extremely important for Orange. Together with Mavenir, Orange is preparing the fully cloud native and automated 5G standalone network of the future,” states Emmanuel Lugagne Delpon, SVP Orange Innovation Networks.

 

About Mavenir:

 

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com

 

About Orange:

 

Orange is one of the world’s leading telecommunications carriers with a turnover of €42.3 billion in 2020 and 140,000 employees as at March 31, 2021, of whom 80,000 are in France. The Group has a total customer base of 262 million customers worldwide at March 31, 2021, including 217 million mobile customers and 22 million fixed broadband customers. The Group is present in 26 countries. Orange is also a leading provider of global IT and telecommunication services to multinational companies, under the brand Orange Business Services. In December 2019, the Group presented its new ‘Engage 2025’ strategic plan, which, guided by social and environmental accountability, aims to reinvent its operator model. While accelerating in growth areas and placing data and AI at the heart of its innovation model, the Group will be an attractive and responsible employer, adapted to emerging professions.

 

Orange is listed on Euronext Paris (symbol ORA) and on the New York Stock Exchange (symbol ORAN).

 

To find out more (online and via your mobile device), go to: www.orange.com, www.orange-business.com

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005411/en/

SpeeDx and MolGen Announce Partnership for COVID-19 Test Solution

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Business Wire India

SpeeDx Pty, Ltd. and MolGen announced the signing of an agreement to collaborate on supply and distribution of clinical diagnostics products and instrumentation across Europe and Asia Pacific. The partnership links specimen handling, nucleic acid extraction, assay set-up, amplification, and results reporting in a seamless integration of the companies technologies.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210630005407/en/

 

Due to travel restrictions Maarten de Groot, MolGen CEO and Colin Denver, SpeeDx CEO joined a virtual session to officially announce the collaboration that will combine Molgen liquid handling and purpose-built automation with SpeeDx COVID-19 diagnostic solutions - extending a full workflow offering to pathology laboratories. (Photo: Business Wire)

“This partnership capitalises on the existing infrastructure of our two companies and the strength of our synergies,” said Colin Denver, SpeeDx CEO. “Our commitment to providing products and services that answer unmet clinical needs also extends to the pathology laboratories that are running our tests – in partnership with MolGen, we can address much of their workflow concerns and offer a more complete testing solution.”

 

Throughout the past year of COVID-19, in response to the increased demand for molecular testing workflow solutions, MolGen has developed a comprehensive offering including the PurePrep nucleic acid extraction portfolio, liquid handling instrumentation and other purpose-built automation to facilitate high-volume testing of SARS-CoV-2. SpeeDx complete the partnership with an initial offer of their CE-IVD SARS-CoV-2 test based on their proprietary PlexPCR® technology, allowing pathology laboratories a single point of contact to fulfil their testing needs.

 

“For MolGen, the collaboration with SpeeDx is a perfect example of combining the best of both worlds. Our DNA and RNA extraction solutions and automated workflow perfectly pair with SpeeDx diagnostic assay technology” said Maarten de Groot, MolGen CEO. “During the COVID pandemic adding the CE-IVD SARS-CoV-2 assay to our diagnostics portfolio is great opportunity to start our collaboration. And this is only the beginning of jointly building an innovative product portfolio”.

 

About SpeeDx

 

Founded in 2009, SpeeDx is an Australian-based private company with subsidiary offices in Austin, Texas and London, UK, with distributors across Europe. SpeeDx specializes in molecular diagnostic solutions that go beyond simple detection to offer comprehensive information for improved patient management. Innovative real-time polymerase chain reaction (qPCR) technology has driven market-leading multiplex detection and priming strategies. Product portfolios focus on multiplex diagnostics for sexually transmitted infection (STI), antibiotic resistance markers, and respiratory disease. For more information on SpeeDx please see: https://plexpcr.com

 

About MolGen

 

MolGen is global total solution provider of innovative extraction DNA / RNA technology, system, products and kits for human and animal diagnostics, the agriculture and biotech industries which reduce hands-on time and increase productivity while maintaining high yields and reproducibility.

 

From sample to result, MolGen is challenging the status quo in molecular diagnostics by offering platform stand-alone systems and consumables. Highly customizable, MolGen’s portfolio offers the perfect workflow for our customers’ specific needs, being high-quality, adaptable and safe.

 

Due to travel restrictions Maarten de Groot, MolGen CEO and Colin Denver, SpeeDx CEO joined a virtual session to officially announce the collaboration that will combine Molgen liquid handling and purpose-built automation with SpeeDx COVID-19 diagnostic solutions - extending a full workflow offering to pathology laboratories.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20210630005407/en/

CORRECTION -- MediaMath

BANGALORE, June 30, 2021 (GLOBE NEWSWIRE) -- In a release issued on Tuesday, June 29, 2021 by MediaMath, please note that "DS" has been corrected to "DSP" in the headline. The corrected release follows:

India’s First Independent DSP, MediaMath and Airtel announce Ad Tech partnership

The collaboration aims to further strengthen the Indian digital advertising market by leveraging Airtel Ads’ quality inventory and MediaMath’s technology and distribution

MediaMath, the acclaimed global independent advertising technology company for brands and agencies, today announced a collaboration for ad tech with Airtel, India’s premier communications solutions provider. The partnership demonstrates MediaMath’s commitment to its expanded footprint in India through partnerships with best-in-class providers, following recently announced collaborations with Disney Hotstar and Flipkart, leaders respectively in entertainment and e-commerce in India.

“With Airtel Ads, we are raising the bar by helping brands reach one of the largest pools of quality customers in a privacy safe fashion. Our partnership with Mediamath aims to help advertisers access our inventory at scale, programmatically and seamlessly.” said Vignesh Narayanan, Business Head, Airtel Ads.

Airtel recently launched Airtel Ads – a powerful brand engagement solution that allows brands of all sizes to curate consent-based and privacy-safe campaigns to one of the biggest pools of quality customers in India. Airtel has over 340 million customers across its businesses – Mobile, DTH and Homes. Airtel has over 200 monthly active users (MAUs) across its digital platforms: Airtel Thanks, Wynk Music and the Airtel Xstream app. Research by Global Web Index indicates that Indians are spending, on average, as many as eight hours a day online, with 70 per cent of that spent on the open internet, including online content, over-the-top (OTT) and music streaming.

Using Airtel’s deep data science capabilities, Airtel Ads allows brands to create high engagement and high impact campaigns, targeting the most relevant customer cohorts. This also means that Airtel customers receive only the most relevant brand offerings and not unwanted spam.

“Over the past six months, we have taken great strides in enhancing our presence in India through partnerships with leading entertainment, e-commerce, and now telecom providers in India,” said Giovanni Tricarico, Country Manager, India at MediaMath. “As the first independent DSP to have a physical presence in the local market – with sales, client services, trading and support resources on the ground – we are recognised as a significant player in the market. We are glad to be building on that and providing continuously improving services to our customers through our new partnership with Airtel. We look forward to working with Airtel to not only further develop its existing programmatic capabilities but also to further strengthen MediaMath’s story and presence in India.”

Through this partnership, Airtel and MediaMath will share in the respective benefits of each being leading players in their segments. In addition to providing access to deep consumer insights, Airtel will facilitate access to advertising inventory, working in tandem with MediaMath to ensure end-customer relevance. Customer privacy and a fraud-free supply chain are of equal, vital importance to Airtel and MediaMath, as demonstrated by Airtel’s telco-grade security and MediaMath’s efforts to create a transparent digital media ecosystem that is built to navigate the advertising industry’s most demanding challenges. Led by the goal of an accountable, addressable, and aligned supply chain, this partnership represents the new wave of digital advertising, redesigned by market leaders.

“The digital programmatic market in India is at a critical growth stage, and we support the upcoming partnership between Airtel Ads and MediaMath, two leading players in the Indian digital market that are collaborating to the development of the local ecosystem. The quality of Airtel’s data and inventory, accessed via MediaMath’s market leading DSP, will provide Indian brands net new solutions to reach engaged users on premium content at scale, and we are excited to launch this offering for Interactive Avenues clients.” said Amardeep Singh, CEO of Interactive Avenues.

About MediaMath

MediaMath helps the world's top brands deliver personalized digital advertising across all connected touchpoints. Over 9,500 marketers in 42 countries use our demand-side platform every day to launch, analyze, and optimize their digital advertising campaigns across display, native, mobile, video, audio, digital out of home, and advanced TV formats. Founded in 2007 as a pioneer in "programmatic" advertising, MediaMath is recognized as a Leader in the Gartner 2020 Magic Quadrant for Ad Tech and has won Best Account Support by a Technology Company for two years in a row in the AdExchanger Awards.

MediaMath initiated an industry-wide effort to create a 100% accountable, addressable and aligned supply chain through the SOURCE ecosystem. SOURCE by MediaMath is a technical and commercial framework for agencies, brands, tech companies, and content owners designed to provide long-term sustainable solutions for a transparent and trusted digital media supply chain. MediaMath has offices in 15 cities worldwide and is headquartered in New York City. To learn more about how MediaMath helps innovative marketers delight their customers and drive real business outcomes, follow us at @mediamath or visit www.mediamath.com

About Airtel 

Headquartered in India, Airtel is a global communications solutions provider with over 471 mn customers in 18 countries across South Asia and Africa. The company ranks amongst the top three mobile operators globally and its networks cover over two billion people. Airtel is India’s largest integrated communications solutions provider and the second largest mobile operator in Africa. Airtel’s retail portfolio includes high speed 4G/4.5G mobile broadband, Airtel Xstream Fiber that promises speeds up to 1 Gbps with convergence across linear and on-demand entertainment, streaming services spanning music and video, digital payments and financial services. For enterprise customers, Airtel offers a gamut of solutions that includes secure connectivity, cloud and data centre services, cyber security, IoT, Ad Tech and cloud-based communication. For more details visit www.airtel.com

CONTACT: Powerscourt, mediamath@powerscourt-group.com

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