Daily Archives: January 29, 2019

VistaJet Records a 31% Increase in New Members Globally as it Celebrates 15 Years in the Industry

The leading business aviation Unicorn ideally positioned to seize even larger market share in 2019

  • Number of flights increased by 25% globally and by 46% in North America in 2018
  • Outperforming the market in Europe – number of new Program customers grew by 105%
  • Aircraft utilization up by 20%, as each aircraft flew around the world 20 times
  • VistaJet now part of Vista Global Holding to further revolutionize the fragmented business aviation sector
  • Strengthening its global position and its fleet of over 70 long range aircraft, VistaJet is part of a global network of 116 owned business jets and over 1,500 aviation experts through Vista Global

NEW YORK, Jan. 29, 2019 (GLOBE NEWSWIRE) — VistaJet, the first and only global business aviation company, today announced another record year in 2018, with new Members and number of flights up prominently year on year. As it enters its 15th year, Malta based VistaJet made significant progress on its core strategic priorities, increasing market share worldwide.

VistaJet Global 6000

In line with the asset lite macro trend taking off globally, VistaJet saw new contracts of its flagship Program membership grow by 31% in 2018 and the number of flights increased by 25%. As demand for longer flights and comfort continues to increase across the industry, VistaJet’s utilization grew by 20% across its fleet of over 70 aircraft – now equating to enough hours to fly each aircraft around the world 20 times on average.

Regionally, Europe proved a significant market for corporates and individuals flying privately, accounting for 48% of total VistaJet flights in 2018. New Program Members grew significantly by 105% in the region, with the majority of growth coming from clients based in the UK which doubled its new contracts.

North America remained a key growth driver for VistaJet and accounted for the largest increase in flights in 2018, with a rise of 46%. To cater for the growing demand from customers in the region, 21% of VistaJet’s global fleet at any given time is in the market, with the Global 5000 fleet flying more than the Challenger aircraft during the year.

VistaJet continued to lead the market in terms of innovation and service. Adding to its global coverage and unique flight-hour subscription model, the company introduced new experiences for its Program Members, designed around their passions. Encompassing key partnerships with world leading art and sport partners such as Christie’s and British Polo Day, as well as the launches of the most extensive traveler’s programs for children and oenophiles in private aviation.

Other 2018 highlights include:

  • While the Middle East has seen some weakness in the industry, VistaJet’s customer base appears to be as strong as ever, with number of flights up by 38% and passengers by 24%. The UAE accounted for the majority of flights in the region at 29%, and the number of flight hours at 34%.
  • As Dubai continues to prove a significant global hub, VistaJet will open a larger sales office in the region in January 2019.
  • Strong numbers in Asia, with flights increasing by 26%. Reflective of economic forecasts for GDP, Singapore led the results with a 71% growth in the number of flights to and from the country.

Thomas Flohr, VistaJet’s Founder and Chairman, said:
“2018 was a further milestone year for VistaJet. Despite increasing economic and geopolitical headwinds, we anticipate resilience across our customer base for 2019.  As the world’s largest wealth region with over 34% of the globe’s UHNWI, we foresee the greatest growth opportunity to continue in the US. Now as part of Vista Global, VistaJet will be supported by XOJET to further service this strong market. I firmly believe that VistaJet and Vista Global will continue to revolutionize the aviation industry by providing a better alternative to aircraft ownership in this globalized and shared economy, and will unlock long term growth for our business and customers.”  

With an equity valuation of $2.65 billion achieved and publicized in 2017 and position as top a five Unicorn in Europe, VistaJet’s robust financial performance clearly demonstrates the company’s strong and resilient business model against a backdrop of complex economic and geopolitical challenges. VistaJet remains confident that it will continue to influence with industry leading services and challenge the business aviation sector’s offerings.

Note to Editors:
Statements in this release are based solely upon information available as of the date of this release, are not a comprehensive statement of the Company´s financial results or positions as of or for the 2018 full year, and have not been audited, reviewed, or compiled by independent registered accounting firm. Therefore, the financial information in this release is preliminary, unaudited and subject to revision upon completion of the Company’s closing and audit processes. The Company assumes no obligation to update any information contained herein, save for any information required to be disclosed by law.

Information
Jennifer Farquhar | VistaJet | T: +44 203 617 3077 | jennifer.farquhar@vistajet.com

About VistaJet 
VistaJet is the first and only global aviation company. On its fleet of over 70 silver and red business jets, VistaJet has flown corporations, governments and private clients to 187 countries, covering 96% of the world. Founded in 2004 by Thomas Flohr, the company pioneered an innovative business model where customers have access to an entire fleet whilst paying only for the hours they fly, free of the responsibilities and asset risks linked to aircraft ownership. VistaJet’s signature Program membership offers customers a bespoke subscription of flight hours on its fleet of mid and long-range jets, to fly them anytime, anywhere. Customers can also request Direct one-off flights through the industry’s first end-to-end booking app or a 24/7 global team.

VistaJet is part of Vista Global Holding – the world leader in business flight solutions, integrating a unique portfolio of companies offering asset lite solutions to cover all key aspects of business aviation.

More VistaJet information and news at vistajet.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/6f7e0ab4-bf15-4059-ae14-6fbb8faf986d

Collibra Raises $100 Million Led by CapitalG and Surpasses $1 Billion Valuation

Data governance and catalog leader to accelerate growth and double down on machine learning and artificial intelligence

NEW YORK and BRUSSELS, Belgium, Jan. 29, 2019 (GLOBE NEWSWIRE) — Collibra, a leader in enterprise data governance and catalog software, today announced $100 million in series E funding at a post-money valuation of more than $1 billion, bringing the company’s total venture funding to $233 million. CapitalG, Alphabet’s growth equity investment fund, led the round, with participation from existing investors ICONIQ Capital, Index Ventures, Dawn Capital and Battery Ventures.

The funding comes on the heels of a record revenue year, with an 80 percent increase in annualized recurring revenue and rapid expansion across the globe. The investment is expected to be used to fund the expansion of the product portfolio and to accelerate growth across the business. Collibra plans to extend its artificial intelligence and machine learning capabilities both within its cloud-native platform — building more automation into its smart catalog product — and in its support of data science teams for their own advanced analytics initiatives.

“Collibra is putting organizations back in control of their data, helping them comply with changing legislation, embrace emerging technologies and capture the information that will enable them to design services and solutions built for the future,” said Derek Zanutto of CapitalG. “We look forward to partnering with Collibra and marrying Google and Alphabet’s machine learning and AI expertise with Collibra’s leadership in data collaboration, workflow management and risk management.”

More than 300 global customers in industries ranging from financial services to healthcare, retail and technology, are leveraging Collibra’s platform to bolster their data-driven digital transformations. Collibra has become the de-facto choice for chief data officers tasked with implementing a strategic approach to their data and maximizing its value for their organizations.

“Now more than ever, we live in an economy where the most innovative companies are fueled by data. It has become our most valuable asset,” said Felix Van de Maele, CEO and co-founder of Collibra. “This investment is a testament to Collibra’s leadership and our ability to help customers transform their market proposition through data-driven insight. With this latest round, we are well-positioned to leverage our heritage in understanding data to help our customers utilize the most cutting-edge innovation to power their digital transformation journeys.”

Collibra continues to receive significant accolades from the data and technology community, and was recently named to Forbes’ Cloud 100 list for the second consecutive year. It was also named a leader in the Gartner Magic Quadrant for Metadata Management Solutions for the third consecutive year, as well as in The Forrester Wave™: Machine Learning Data Catalogs and The Forrester Wave™: Data Governance Stewardship and Discovery Providers.

About Collibra
As the leader in data governance and catalog software, Collibra helps organizations across the world gain competitive advantage by maximizing the value of their data across the enterprise. Collibra is the only solution purpose-built to address the gamut of data stewardship, governance, and management needs of the most complex, data-intensive industries. Our flexible and configurable cloud-based or on-premises solution puts people and processes first – empowering every data citizen to find, understand and trust the data to unlock business value. Learn more at www.collibra.com.

Contact:
Jennifer Harlan
Highwire PR
jennifer@highwirepr.com
248-701-6846

Epiq Debuts Cloud-Based eDiscovery at Legaltech

Intelligent Discovery Management with Epiq Discovery

NEW YORK, Jan. 29, 2019 (GLOBE NEWSWIRE) — Epiq, a global leader in the legal services industry, announced the release of its new cloud-based eDiscovery platform, Epiq Discovery. Epiq Discovery is a collection, processing, review, and production platform that delivers early case assessment, highly scalable processing, and the most efficient review and production of eDiscovery data.

Epiq Discovery equips users with end-to-end management of their data in an interactive, easy-to-use platform. Instant insight helps to save costs, reduce risks, and inform case strategy.

“To understand our clients’ needs for cloud-based eDiscovery, we went straight to the source – our clients,” explains Cliff Dutton, chief innovation officer at Epiq. “We heard repeatedly that they wanted us to create a platform that is easy to use from collection to production, from anywhere in the world. We also heard that they want the platform to be flexible and extensible. And they want the platform to power not only eDiscovery, but business intelligence about eDiscovery that empowers them to control scope and cost.”

With an easy-to-use dashboard, automatable workflows, and embedded tutorials Epiq Discovery provides users more control over the eDiscovery process. Comprehensive and dynamic reports deliver a holistic picture of data flow from the original data sources to what has been processed, reviewed and ultimately produced.

To learn more about Epiq Discovery or to request a demo, please visit https://www.epiqglobal.com/en-us/experience/ediscovery/technologies/epiq-discovery.

To watch a video about Epiq Discovery, visit https://go.epiqglobal.com/l/76132/2019-01-25/4lrkw2.

About Epiq
Epiq, a global leader in the legal services industry, takes on large-scale, increasingly complex tasks for corporate counsel, law firms, and business professionals with efficiency, clarity, and confidence. Clients rely on Epiq to streamline the administration of business operations, class action and mass tort, court reporting, eDiscovery, regulatory, compliance, restructuring, and bankruptcy matters. Epiq subject-matter experts and technologies create efficiency through expertise and deliver confidence to high-performing clients around the world. Learn more at www.epiqglobal.com.

Press Contacts
Jill Brown
Epiq
+1 713 933 2905

Ultra-Precision CAM Software Advances Optical Deterministic Capabilities

NanoCAM4 (N4), the highly-anticipated software release from Moore Nanotechnology Systems, is the result of decades of customer interactions, diamond-turning expertise and an understanding that the future of the ultra-precision diamond-turning industry requires a more comprehensive and easy-to-use programming package. N4 complements and expands the advanced-processing capabilities of Nanotech’s current and future products, it elevates ultra-precision programming skills for customers, and it enables ultra-precision diamond-turning machines to reach their highest level of potential.

SWANZEY, N.H., Jan. 29, 2019 (GLOBE NEWSWIRE) — Moore Nanotechnology Systems (“Nanotech”), a leading global supplier of ultra-precision machining systems, has released their next generation NanoCAM®4 software package with capabilities beyond any competing product on the market today.

Nanotech’s latest product release has been years in the making and there is nothing like it in the industry. Incredibly comprehensive, yet easy to use, NanoCAM4® (N4) brings an accuracy & programming functionality that has been absent from the ultra-precision optical market. Mark Boomgarden, Nanotech’s President and CEO, said, “We are excited to announce this very important milestone in our product offerings. With the release of NanoCAM4, our customers are able to design and directly transfer their complex optical surfaces seamlessly to Nanotech’s machine tools.” He continued, “Our engineering teams have worked for almost 3-years, and have invested over 20,000 man-hours, in the design, development and testing of this NanoCAM4 package.” Nanotech partnered with lead customers, technology institutions and software providers during the development cycle – providing opportunities to make incremental changes prior to the release. All previous CAM packages are viewed as “acceptable” for various programming needs, but they all have inherent weaknesses – often requiring intervention by third-party software to complete the task.  In other cases, they simply do not have the capability or functionality to program many of the very complicated and diverse optical-machining configurations required in today’s market.

Chris Morgan, Chief Development Engineer for Nanotech, shared, “NanoCAM4 is a completely new and superior CAM software package, developed with the goal of being the only ultra-precision programming software package customers will ever want or need.” He continued, “N4 enables improved form accuracies and direct importing / exporting of STEP, IGES or Point Clouds through the actual Non-Uniform Rational B-Splines (NURBS) raw data, thus eliminating the need for cumbersome and less-accurate point-cloud conversion.” The output provides a smooth form & surface definition beyond anything you have experienced before. Capable of generating a complete array of programs for diamond turning, micro-milling, ruling, rastering, diffractive / Fresnel, optical grinding and form correction, N4 is available in four different base modules.

Bob Cassin, Nanotech’s Vice President of Sales and Marketing, commented, “Finally, there is a full-featured, 5-axis CAM package for ultra-precision machine tools that was designed to handle the complexity of today’s optical surfaces. Markets like mobile, AR/VR/MR, imaging and automotive lighting are innovating quickly, and we are seeing more requirements for free-form optical elements. NanoCAM4 demonstrates our dedication to keep pace in these markets and support our customers.”

The list of value-added advancements contained within the N4 CAM package is extensive, which includes:

> Color-coded representations of exact acceleration and velocity values at every point on the surface enable up front program adjustments that result in reduced machine setup time and the most precise form accuracies.

> Tool path and machine simulations feature realistic 3D solid models, including any imported fixturing, to visually test and analyze tool geometries, programs and overall setup prior to taking a chip.

> An integrated Oscillating X Dseg advanced programming capability for cellphone camera mold-pin manufacturers.

> 30 embedded optical equations and surface precision of 1nm

NanoCAM4 is a “game changing” CAM software package that enables next-generation design and processing capabilities for all diamond-turning customers.

Moore Nanotechnology Systems (Nanotech) was founded in Keene, NH in 1997 as a stand-alone subsidiary of the Moore Tool Company. Nanotech is a world leader in the design, development and manufacture of state-of-the-art ultra-precision machine tools and associated processes (single point diamond turning, micro-milling, micro-grinding and glass press molding) for the production of advanced optical components in consumer electronics, defense, aerospace, lighting, medical and automotive sectors. Moore Tool, founded in 1924 and located in Bridgeport, Connecticut, has a long history in the precision and ultra-precision machine tool markets. Today, Moore Tool provides a complete line of high-performance CNC jig grinders, along with contract precision-manufacturing services certified to both ISO 9001:2008 and AS9100C. Moore Nanotechnology and Moore Tool are vertically integrated under the PMT Group.

Moore Nanotechnology Systems: www.nanotechsys.com
Moore Tool, Inc: www.mooretool.com

Photos accompanying this announcement are available at

http://www.globenewswire.com/NewsRoom/AttachmentNg/f4f374a4-8a2d-426d-9bd4-c37c0f5d5b8d
http://www.globenewswire.com/NewsRoom/AttachmentNg/af63340a-36d8-46fe-a383-833e782a1c19

For more information, contact sales@nanotechsys.com.