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NetSuite revolutionizes cloud enterprise resource planning (ERP) with its all-in-one cloud business suite that helps drive efficiency and visibility for organizations worldwide SAN ANTONIO, May 7, 2024 /PRNewswire/ -- Frost & Sullivan recently researched the cloud ERP market and, based on its findings, recognizes Oracle NetSuite with the Global Company of the Year Award. NetSuite is an integrated cloud business system that helps businesses simplify core processes, improve productivity, expand insights, and grow more efficiently. Oracle Netsuite View the full multi-media landing page: https://best-practices.frost.com/oracle-netsuite/ NetSuite's leadership in the cloud ERP space is evident with more than 37,000 customers across diverse sectors, including education, energy, finance, healthcare, manufacturing, and retail. Additionally, the company adopts a pioneering approach to embedding artificial intelligence (AI), which makes it stand out in the market. Leveraging Oracle Cloud Infrastructure's advanced supercluster technology, NetSuite provides powerful AI capabilities that deliver actionable insights and increase the speed and accuracy of business processes. By embedding generative AI capabilities across the suite, NetSuite empowers global organizations to maximize productivity and make informed decisions based on real-time insights. With NetSuite, upgrades are seamlessly delivered so customers are always using the latest version of its software, which improves access to cutting-edge features. Furthermore, the company's extensive partner and professional services ecosystem significantly enhance the customer experience, enabling businesses to optimize the value of their NetSuite investment. "Opportunities for AI include automation (data entry, financial analysis, and inventory management), actionable insights (better decision-making using real-time insights and predictions about customers and competitors), human-like interaction (integrating machine learning (ML) and natural language processing), and anomaly detection (enhanced security and detection of unexpected patterns). NetSuite currently has all these elements in its product suite. AI is embedded in business processes within NetSuite and also available in the form of assistants and advisors," said Sankara Narayanan, Industry Director at Frost & Sullivan. To address its customers' growing curiosity about AI and its business implications, NetSuite leverages its Learning Lab events to provide customers and end users with hands-on training and expert guidance on how to effectively integrate AI and automation across operations. With this unique approach, NetSuite guarantees that customers have the knowledge and skills to optimally leverage AI capabilities within their businesses and connect with like-minded innovators in various cities across the U.S. and Canada. NetSuite's continuous focus on innovation and customers has made it stand out in the cloud ERP market, and it continues to deliver more features than most of its competitors, whose solutions are less capable than those of NetSuite's system. Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Lindsey WhitakerP: +1 (210) 477-8457E: lindsey.whitaker@frost.com
Crayon will handle all order processes for VMware Cloud Service Provider (VCSP) Pinnacle and Premier partners in the regionSYDNEY, AUSTRALIA - Media OutReach Newswire - 7 May 2024 - Crayon, a global leader in IT services and innovation, announced today it has been chosen as an authorized Broadcom Cloud Commerce Manager (CCM) provider for VMware Cloud Service Provider (VCSP) partners in the Asia Pacific region. Under the agreement, Crayon will provide these services for Australia, New Zealand, Singapore, India, Taiwan, Vietnam, Hong Kong, Malaysia, Philippines, Thailand, Korea, Indonesia, Sri Lanka, Pakistan, and Myanmar. With this appointment, Crayon will welcome all VCSP partners and provide them with support and services to help adopt the VMware Cloud Foundation (VCF), alongside storage, ransomware and disaster recovery, and application platform services. "Broadcom is excited to be on this new journey with our VMware Cloud Service Provider community, and Cloud Commerce Managers such as Crayon will serve as a trusted advisor to the VCSP partner community as a whole," said Ahmar Mohammad, Vice President, Partners, Managed Services, and Solutions GTM, VMware Cloud Foundation Division at Broadcom. "We're confident that Crayon has the knowledge and expertise to help partners deliver a consistent VCF private cloud experience to their customers and provide VCSP partners with world class service and support." Cloud Commerce Managers (CCM) handle all order processes, including submissions and monthly billing for VCSP Pinnacle and Premier partners, streamlining operations and allowing partners to focus on value creation for their customers. CCMs also facilitate the adoption and management of VCF for VCSP Premier partners. Cloud Commerce Managers enable VCSP Premier partners to expand their services by offering technical and go-to-market support, directly addressing the challenges of cloud transformation. "We are uniquely positioned to help VCSP partners best leverage VMware Cloud Foundation and associated offerings to enable their digital transformation ," said Crayon CEO Melissa Mulholland. "In our partner-centric approach, we strive to help companies utilize technology to create more value for their customers in this challenging market where businesses are looking for ways to accelerate innovation and enable flexibility to build, run, and manage applications at scale." Crayon will focus on streamlining operations and allowing partners to focus on value creation for their customers. "Supporting our current partners and embracing new collaborations is our priority right now," said Rhonda Robati, Crayon's Executive Vice President for Asia Pacific. "We are committed to enhancing our partners' success and addressing their customers' challenges by leveraging our technical expertise and support services, aiming to boost partner's profitability across the region." Hashtag: #Crayon #Broadcom https://www.crayon.com/https://www.linkedin.com/company/crayon-group/The issuer is solely responsible for the content of this announcement.CrayonCrayon is a customer-centric innovation and IT services company with over 4,000 team members across 46 countries. We optimize businesses' IT estate to help them innovate with expertise they can trust. Our services create value for companies to thrive today, and scale for tomorrow. For more information, visit www.crayon.com.
New CEO visits 100 customers in first 100 days LONDON, May 2, 2024 /PRNewswire/ -- IFS, the global cloud enterprise software company, today announced its financial results for the first quarter ending March 31, 2024. The results reflect the best start to the year in company history – an early victory for new CEO Mark Moffat, who was appointed on January 9th, 2024. Summary of Q1 results: Annual Recurring Revenue (ARR) up 26% YoY Cloud Revenue up 20% YoY Software Revenue growth up 19% YoY A steadfast customer focus positions IFS as the demonstrable leader in all of the segments it serves. A position reinforced thanks to recent industry analyst reports recognizing IFS as the #1 vendor in terms of market share for Enterprise Asset Management (EAM) and Service Management. IFS CEO Mark Moffat commented: "In my first 100 days as CEO, I have met with over 100 customers around the world, and they consistently tell me that our customer-centric approach is a key differentiator, especially in a world where we see our competitors peddling their own agenda over that of their customers'. "Our Q1 results are the continuation of our relentless focus on what makes us successful: listening to and delivering value to our customers. It's also what enables us to outperform the market quarter after quarter. Our customer focus is not only ingrained in our culture, but it also extends across our partner ecosystem and the work they deliver alongside us." Moffat added: "Industrial AI is a huge opportunity for our customers, and we are uniquely positioned to help them harness its potential. We have been developing industry-specific AI solutions that integrate seamlessly with our existing products and leverage the data we have to deliver game-changing outcomes." Moffat concluded: "IFS has an edge because we have been having these conversations with our customers for years, and that has informed how we shape our technology and services. The results of the first quarter show that we are on the right track, and that our vision resonates." Key factors supporting IFS's expansion: A sharp uptake in demand for IFS.ai thanks to compelling Industrial AI use cases that are fast and easy to implement, and in turn able to rapidly deliver value. As more of these use cases roll out with every release of IFS Cloud, IFS is providing further capabilities for customers to innovate and differentiate within their respective fields. Welcoming a significant number of new customers who are moving from legacy vendors including SAP and IBM Maximo to IFS because of: IFS's relentless pursuit of customer success; the single composable platform and common data model; consistent enhancements in industry functionality; and flexible deployment options that put customers in control. In the last quarter alone, Modulaire Group, NGE, Evergy and the US's largest utility company, Exelon, have selected IFS as the modern, next generation alternative. Significant expansion of IFS within existing customers, who are similarly implementing IFS to replace outdated technology that exists in other areas of their business. With so many industrial companies looking to technology, and specifically IFS, to transform and grow, IFS is uniquely positioned to help customers improve supply chains, operate more efficiently and ultimately deliver amazing Moments of Service that stand out. For example, many manufacturers are expanding their use of IFS with IFS's Connected Worker solution from Poka to better manage, enable and improve the productivity of their factory workers. IFS Chief Financial Officer, Matthias Heiden, added, "Market conditions in 2024 are still volatile which puts our performance trajectory into context. 26 percent ARR increase year-on-year combined with strong subscriptions renewals is setting us up for continued steady growth in 2024." Heiden continued: "This means we are able to prioritize investment in people and in technology bringing even more innovation into our bi-annual releases." Heiden concluded: "We have worked hard to get to this point, and we are seeing financial benefits deep into our business with all the metrics continuing to accelerate in the right direction." Investments in key markets such as the US, Europe, and Japan are slated to continue through 2024, bolstering regional performance by driving increased demand for IFS.ai. In Q1 the company also launched a significant brand campaign across the US, including out-of-home advertising at the largest airports in North America, becoming the Big Ten Conference's Official Technology Partner, and a Patron of MIT's Center for Information Systems Research. IFS is also pleased to today publish the 2023 IFS Sustainability Report, which details the company's strategy, approach and achievements delivering on its own sustainability targets as well as supporting customers to achieve their ESG goals. The report, alongside an ESG Fact Sheet, is available here: https://www.ifs.com/assets/all-products/ifs-sustainability-report-2023 Financial Highlights for Q1 FY2024: Q1 FY2024 software revenue was EUR 217m, an increase of 19 percent versus Q1 2023. Q1 FY2024 recurring revenue was EUR 209m, an increase of 21 percent versus Q1 2023. Q1 FY2024 net revenue was EUR 269m, an increase of 16 percent versus Q1 2023. For more information about IFS's historical financial performance, please visit: https://www.ifs.com/about/financial-information. Contact information. EUROPE / MEA / APJ: Adam GillbeIFS, Director of Corporate & Executive CommunicationsEmail: https://www.ifs.com/about/financial-information.Phone: +44 7775 114 856NORTH AMERICA / LATAM: Mairi MorganFS, Director of Corporate & Executive CommunicationsEmail: https://www.ifs.com/about/financial-information.Phone: +44 7018 607 299 This information was brought to you by Cision http://news.cision.com https://news.cision.com/ifs/r/ifs-announces-best-q1-results-in-company-history-with-26--increase-in-arr-yoy-and-20--increase-in-cl,c3968167 The following files are available for download: https://mb.cision.com/Main/855/3968167/2760913.pdf Release https://news.cision.com/ifs/i/ifs-q1-2024-930x423,c3293966 IFS-Q1-2024-930x423
Unleashing the Potential of the Cloud with Simplified Access, Enhanced Performance and Streamlined ManagementSINGAPORE - Media OutReach Newswire - 2 May 2024 - ViewQwest, a leading Telecommunications and Managed Security Services Provider (MSSP), announced a strategic collaboration with Console Connect, a leading Network-as-a-Service (NaaS) platform, to elevate direct cloud connectivity for enterprises in Singapore. This collaboration will bring forth a myriad of advantages for ViewQwest's enterprise customers. "Our collaboration with Console Connect underscores our commitment to delivering cutting-edge solutions for enterprise businesses in Singapore," said Benjamin Tan, ViewQwest's Chief Commercial Officer overseeing its Enterprise and International Business segments. "By combining Console Connect's global NaaS expertise with our local telecommunications and security services, we aim to provide seamless, secure, and scalable networking solutions that empower businesses to focus on their core objectives." ViewQwest's enterprise customers will benefit from preferred rates and services for direct cloud connectivity to major providers, including Amazon Web Services (AWS), Alibaba, Oracle, Azure, and Google Cloud Platform. The collaboration also facilitates secure and automated cloud connectivity for remote and hybrid workers, simplifying the task of connecting new entities and sites and reliving IT Teams from the burden of complex connectivity management. "As a strategic channel partner of Console Connect Edge Port services in Singapore, ViewQwest contributes its extensive expertise in telecommunications and managed security services, creating a synergy that benefits businesses seeking advanced and reliable cloud connectivity solutions tailored to the Singapore market," added Tan. Console Connect, known for its excellence in advancing network automation and cloud connections, brings innovative technology to reinforce ViewQwest's commitment to providing businesses with state-of-the-art network automation tools and fostering innovation in on-demand connectivity solutions. "We are delighted to be working with ViewQwest in Singapore to seamlessly extend our network reach to enterprise locations throughout the country. Through this collaboration, more businesses in Singapore are able to access Console Connect's innovative and agile connectivity and automation solutions directly from their office location – in turn, bringing them much closer to the cloud," said Michael Glynn, SVP of Digital Automated Innovation at Console Connect. This collaboration marks a step forward in ViewQwest's mission to provide comprehensive cloud connectivity solutions, reinforcing its position as a leading player in the telecommunications and managed security services sector.Hashtag: #ViewQwestThe issuer is solely responsible for the content of this announcement.About ViewQwestViewQwest is an award-winning Telecommunications and Managed Security Services Provider driven by a vision to make the world a better place, powered by a safer, better internet. Founded and headquartered in Singapore since 2001, it has expanded operations and market coverage in Malaysia, the Philippines, Hong Kong, Macau, Taiwan, Indonesia, Vietnam, and other countries in North and Southeast Asia. ViewQwest builds and manages high-performing network and security infrastructure for the digital enterprise, securely connecting corporate sites and workforces wherever they are needed. It is a trusted partner of global and regional multinational corporations (MNCs) and top companies across Asia, delivering fit-for-purpose connectivity and security to power their digital future. ViewQwest also provides market-leading Residential and SME broadband connectivity and cybersecurity services in Singapore and Malaysia. ViewQwest received the 2024 Network and Security Integration of the Year Award – Singapore and, in 2023, was named Singapore Broadband Telecom Provider of the Year by the Asian Telecom Awards, recognizing its innovation and excellence in network and security. From 2018 to 2022, Ookla Speedtest Awards recognized ViewQwest as Fastest Fixed Network in Singapore. For more information, visit https://viewqwest.com/sg/
SINGAPORE, May 1, 2024 /PRNewswire/ -- The acceleration of digital transformation initiatives such as hybrid cloud deployments, Artificial Intelligence (AI) and Machine Learning (ML) solutions, and the implementation of the Internet of Things (IoT) at the edge network continues to generate usage and demand for next-generation data centers. According to global technology intelligence firm ABI Research, next-generation colocation data centers will reach 7,640 sites by 2030, growing at a Compound Annual Growth Rate (CAGR) of 6.8%. Data centers will continue playing an integral role in driving enterprises' digital operations. "Deployment of cloud-based solutions remains a top agenda for many enterprises, necessitating the demand for data centers. The rise of edge-to-cloud data management orchestration solutions increases the benefits of running workloads through a robust and well-equipped data center," says Yih-Khai Wong, Distributed and Edge Computing Senior Analyst at ABI Research. Data centers are undergoing a transformation phase. "This is necessary as data and workloads are getting more complex, requiring higher processing capabilities. We are seeing an increasing demand for mega and large data center sites that can support AI/ML workloads, including generative AI," Wong explains. Asia Pacific (excluding China) will host the largest number of colocation sites by 2030, accounting for 28% of total colocation sites worldwide. Europe is the second largest region with 27%, while North America is third with 24%. This represents a shift compared to 2023, when Europe had the most colocation sites, with 31% of total sites, followed by North America with 27%, and the Asia Pacific (excluding China) with 22%. "The emergence of generative AI has also boosted demand for next-generation data center capabilities. The processing of large language models (LLMs) will require a tremendous amount of data processing power and excellent network connectivity. Data center operators will have to ensure that current and future data center sites can meet the requirements generated from new technologies," Wong concludes. These findings are from ABI Research's Next-Generation Data Center Forecasts market data report. This report is part of the company's Distributed and Edge Computing research service, which includes research, data, and ABI Insights. About ABI Research ABI Research is a global technology intelligence firm delivering actionable research and strategic guidance to technology leaders, innovators, and decision makers around the world. Our research focuses on the transformative technologies that are dramatically reshaping industries, economies, and workforces today. ABI Research是一家国际科技情报公司，为全球科技领袖、创新人士和决策者提供实用的市场研究和战略性指导。我们密切关注一切为各行各业、全球经济和劳动市场带来颠覆性变革的创新与技术。 For more information about ABI Research's services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com. Contact Info:GlobalDeborah Petrara Tel: +1.516.624.2558pr@abiresearch.com
HONG KONG, April 30, 2024 /PRNewswire/ -- Tencent Cloud, the cloud business of global technology company Tencent, has recently announced its strategic partnership with Metavision – a company dedicated to advancing the development and application of Metaverse technology. The partnership aims to foster comprehensive collaboration in immersive interactive spaces and AI technology on a global scale with the deep integration of technologies. Tencent Cloud will offer crucial infrastructure support and provide access to cutting-edge technologies such as audio & video processing, as well as AI capabilities such as AI-generated content (AIGC) solutions and others. These technological solutions will assist Metavision in expanding its overseas business operations, particularly in areas such as XR applications, intelligent spatial interaction, 5G international e-sports live streaming, and e-commerce cloud exhibitions. Xu Yiming, Vice President of Tencent Cloud and Lo Chi Sum, Founder and Chairman of the board of Metavision (from right to left) With spatial computing as its core concept, Metavision leverages its proprietary digital space integration interaction, 3D interactive display, and AIGC technology to provide three-dimensional interactive virtual reality application services to meet the new 3D visual and interaction experience needs across various industries. Currently, Metavision has already collaborated with numerous prominent enterprises in sectors such as social entertainment, cross-border e-commerce, and AI tools, creating immersive 3D visualizations and cross-space interactive experiences. Metavision's subsidiary, Digi Verse, is transforming multi-terminal users' remote access to immersive virtual spaces with its proprietary immersive spatial interaction engine, Fox Engine, and the advanced 3D digital space interactive conference system, Fox Space. These revolutionary technologies enable seamless interaction and communication through voice and body movements. Looking ahead, Digi Verse plans to develop consumer-based applications using head-mounted displays, thereby revolutionizing the way people engage with digital content through cutting-edge digital space fusion technology. Tencent Cloud, with data centers in 26 physical regions and 70 availability zones worldwide, provides leading global technologies and services in cloud computing, big data, and artificial intelligence. Through the partnership, Tencent Cloud will provide flexible, secure, and reliable IaaS underlying capabilities to support Metavision in building infrastructure foundations for systems such as Fox Engine. Furthermore, Tencent Cloud will also provide 3D space modeling capabilities in support of Metavision's construction of immersive spaces. Tencent Cloud AI Digital Human is also set to assist Metavision in generating cartoon avatars of participants and AI assistance in immersive conferences and multi-user scenarios, including XR. Additionally, Tencent Cloud will provide ultra-low latency real-time interaction for global users of Metavision's immersive spatial intelligent interaction through its real-time audio & video capabilities, streaming media transmission capabilities, and chat capabilities – supporting XR immersive interaction as well as 3D visual and interactive features. In terms of artificial intelligence, Tencent Cloud will leverage its AI capabilities, including Tencent automatic speech recognition (ASR) technology, text-to-speech (TTS) technology, and other AI-generated content (AIGC) solutions, to assist Metavision in meeting the needs of human-machine interaction and industrial AI quality inspection. The audio & video solutions developed by Tencent Cloud have been ranked first in the domestic audio & video market for six consecutive years, continuously supporting 90% of mainland Chinese audio & video customers in achieving cloud-based innovation. Moreover, Tencent Cloud has also established collaborations with overseas companies such as Korean gaming giant Nexon and Japanese live streaming platform MIXCHANNEL. Xu Yiming, Vice President of Tencent Cloud, said, "Tencent Cloud looks forward to fully utilizing its global capabilities, audio & video capabilities, and technological advantages in the field of AI to assist Metavision in exploring and building more immersive 3D visual interactive experiences. We will also leverage Tencent's over two decades of ecosystem-building experience in the internet space to provide comprehensive support for Metavision's global expansion and business innovation, making this partnership an important practice for Tencent Cloud in the direction of going global and the XR industry and further solidifying our technological capabilities in going global." Lo Chi Sum, Founder and Chairman of the board of Metavision, said, "Our strategic partnership with Tencent Cloud will allow both parties to leverage both our respective technological advantages in 3D visual interaction and artificial intelligence, focusing on immersive interactive spaces and AI empowerment. We aim to create disruptive solutions, accelerate the implementation of 3D virtual applications, lead industry transformation, create new boundaries for virtual reality interactive experiences, empower digital upgrades in various industries, and jointly build a new ecosystem for the metaverse industry. Through this partnership, we are thrilled to be demonstrating a new attitude towards open cooperation and create a new era of digital economy together with Tencent Cloud." About Tencent Cloud Tencent Cloud, one of the world's leading cloud companies, is committed to creating innovative solutions to resolve real-world issues and enabling digital transformation for smart industries. Through our extensive global infrastructure, Tencent Cloud provides businesses across the globe with stable and secure industry-leading cloud products and services, leveraging technological advancements such as cloud computing, Big Data analytics, AI, IoT, and network security. It is our constant mission to meet the needs of industries across the board, including the fields of gaming, media and entertainment, finance, healthcare, property, retail, travel, and transportation. About Metavision Shenzhen Metavision Technology Group Co., Ltd., ("Metavision") founded in 2021, is mainly engaged in providing 3D interactive virtual reality application services based on its self-developed digital space integration interaction, 3D interactive display, and AIGC technologies to clients among various industries. For now, Metavision has established certain subsidiaries including Shenzhen Digi Verse Technology Co., Ltd., and Shenzhen Zeus Space Technology Co., Ltd.
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