Daily Archives: July 17, 2019

Bizagi goes from Stealth to Hyper Growth Delivering Digital Transformation for World Leading Brands

From Adidas and Audi to Ikea and the U.S. government, Bizagi’s unique Intelligent Process Automation helping organizations harness the power of RPA and AI to speed transformation

SANTA CLARA, Calif., July 17, 2019 (GLOBE NEWSWIRE) — Bizagi, the world’s leading Intelligent Process Automation platform provider, today announced significant growth in the U.S. and abroad driven by its success enabling digital transformation for world leading brands such as DHL, Gap, Citizens Bank, AON and numerous U.S. government agencies including the Departments of Agriculture, Defense, Energy, HHS, Homeland Security and many others. Bizagi’s growth is based on enterprise adoption of its unique Intelligent Process Automation, enabling companies to better leverage digital and robotic processes, along with artificial intelligence, to improve customer interaction, speed operations and build revenue.

This news follows the company’s recognition last month as a leader in The Forrester Wave™: Software for Digital Process Automation (DPA) for Deep Deployments, Q2 2019 and new office expansions in Singapore as well as Washington, D.C. and New York to complement the company’s San Francisco U.S. headquarters. Bizagi has also made several key executive hires, including the company’s first chief revenue officer, Richard Dufty, who is responsible for its global go-to-market business with a mandate to provide an amazing unified journey and experience for customers.

“Since our $48M funding in 2017 Bizagi has largely flown under the radar, yet our relentless focus on customer success is paying massive dividends, with the company experiencing 100 percent year-over-year growth in the U.S. last year and on track to grow 200 percent in 2019,” said Bizagi CEO Gustavo Gomez. “Our platform’s ability to deliver deep digital process automation while driving broad, fast, business-friendly adoption is remaking how these organizations think about digital transformation.”

BUSINESS AND IT COLLABORATION
A recent Bizagi survey found that nine in 10 businesses see digital transformation as a significant challenge. To address this pain point, the company’s agile, connected, engaging platform is enabling true collaboration between business and IT.

“We selected Bizagi because it provides us a low-code DPA platform that enables even our process analysts to implement business process workflows to a reasonable extent,” said Stefan Wenzel, VP, Center for Digitization, with Deutsche Post DHL. “That’s critical to us as it will allow us to accelerate our digital transformation. In addition, new components like Bizagi Sites help us in creating user-centric digital services.”

BUILDING ON RPA
Bizagi is unique in its native integrations with leading robotic process automation (RPA) platforms, allowing organizations to better leverage these robotic processes throughout the enterprise.

“Bizagi will help unlock opportunities for RPA by digitizing the ingestion of data so that robotics can be implemented more broadly in our commercial operations,” said Matt Lavoie, VP, Head of Automation and iBPMS Development for Commercial Banking with Citizens Financial Group. “Automated execution and workflow will speed processing, create efficiencies, and give our colleagues more time to focus on value added activity that enhances our clients’ experience. Bizagi’s ease of use will continue to help our workforce embrace and expand this digital strategy.”

In naming Bizagi as a leader, the recent Forrester Wave report states: “Bizagi balances deep DPA functionality with a platform designed to go wide.” Similarly, in its Magic Quadrant for Intelligent Business Process Management Suites report earlier this year, Gartner characterized Bizagi as the most intuitive tool on the market.

“Having a key technology partner identified as a market leader is amazing confirmation of the UiPath ecosystem,” said Dave Marcus, VP Product and Alliance Management at UiPath. “The Bizagi partnership is important to delivering on our Automation First mission.”

DRIVING DIGITAL TRANSFORMATION
Bizagi has a unique product approach that allows organizations to model and pilot DPA scenarios for free, and only pay for deployment in a production environment. To date, users have downloaded Bizagi’s software more than 3 million times, which is driving tens of thousands of digital automations at more than 500 organizations worldwide.

U.S. growth in particular is notable in financial services and government agencies, where organizations are succeeding in digital automation with Bizagi despite statistics that show the overwhelming majority of digital transformations fail. Most of these organizations are challenged by processes sitting in systems that are costly, disconnected and slow to change. Bizagi works with existing systems to make them more agile and connected for a more engaging customer experience.

“Bizagi works like an intelligent information conveyor belt, allowing legacy systems to build on the efficiency of robotic processes and the context and intent of artificial intelligence to automate and digitize organizational processes,” explains Bizagi’s Gomez. “Welcome to the age of intelligent automation.”

To fuel this growth, the company recently hired Dufty as its chief revenue officer. Previously with Symantec, Dufty oversaw sales for the Norton brand representing more than $1 billion in annual revenue. As the first leadership hire at AppDirect, he grew sales from $1 million to $100 million in less than five years.

“Richard is a proven leader joining Bizagi after incredibly successful track records growing revenue exponentially for a Fortune 500 company and a Silicon Valley unicorn,” Gomez said. “We’re thrilled to have Richard on the team as we look to scale operations in the U.S. and globally.”

About Bizagi
Bizagi helps organizations to transform into digital businesses. Its process automation platform connects people, applications, devices and information to deliver the engaging experience that today’s customers demand. Fueled by a community of 1 million users, Bizagi powers enterprises worldwide including adidas, BAE Systems and Old Mutual. For more information visit www.bizagi.com.

Media Contact
Steve Smith
ssmith@voxuspr.com
o: 253.444.5477
m: 425.753.1653

Madison Realty Capital Provides $225 Million Construction Loan on The Residences at Mandarin Oriental, Boca Raton

Financing allows the borrower to complete a 12-story, 288,000 saleable-square-foot luxury condominium

NEW YORK, July 17, 2019 (GLOBE NEWSWIRE) — Madison Realty Capital has provided a $225 million construction loan on The Residences at Mandarin Oriental, Boca Raton, a planned 12-story, 580,000-square-foot luxury condominium tower in Boca Raton, Florida.

The financing will allow owner/developer Penn-Florida Companies to complete the 12-story, 288,000 saleable-square-foot luxury condominium tower with an additional 22,000 square feet of retail. This will be the third and final tower at the 2 million-square-foot Via Mizner resort, a world-renowned resort destination in the heart of the internationally-recognized Southeast Florida community.

The construction of the condominium tower commenced several months ago along with the new 164-room Mandarin Oriental Hotel, which will give condo owners unparalleled access to the hotel and Via Mizner’s extensive amenity package.

The condominium will join a growing list of nearly 20 current and upcoming The Residences at Mandarin Oriental properties located across the globe—from Bali to Bangkok, Moscow to Munich—while also giving the Boca Raton community a unique product that has been well-received and is achieving significant presale activity driven by international interest.

“The significant presale activity, premier sponsor and limited product of this nature in the Boca Raton market made this financing opportunity particularly attractive,” said Josh Zegen, Co-Founder and Managing Principal of Madison Realty Capital. “This was an opportunity to get involved in a project that is already under development from a planning and construction standpoint. In addition, we are excited to become a part of a growing global network of highly-regarded The Residences at Mandarin Oriental-branded products, which will help to further establish Madison Realty Capital as a lender with capabilities that stretch across the globe.”

The Residences at Mandarin Oriental, Boca Raton will offer a collection of 92 custom homes with breathtaking ocean and golf course views. Condo owners will be given preferred access to the Mandarin Oriental and its plethora of amenities, as well as membership to the Via Mizner Golf & City Club, which is being designed by golf icon Jack Nicklaus.

The Residences will be connected to the Mandarin Oriental Hotel by way of a two-story underground parking garage as well as an upper-level bridge featuring a fitness center, spa and meeting space. In addition to the hotel and condo components, Via Mizner will include a 366-unit luxury apartment building and 60,000 square feet of retail.

Anthony Orso, President of Newmark Capital Market Strategies, arranged the financing along with Bill Weber and Henry Stimler of the same firm.

About Madison Realty Capital (MRC)
Madison Realty Capital (MRC) is a New York City-based real estate private equity firm focused on real estate debt and equity investment strategies. Founded in 2004, MRC has invested in excess of $10 billion in the multifamily, retail, office, industrial and hotel sectors. The firm manages investments in the United States on behalf of a global investor base consisting of corporate and public pension funds, sovereign wealth funds, university endowments, foundations, fund of funds, family offices, and high net worth individuals. MRC is a fully integrated firm with over 70 employees across all real estate investment, development, and property management disciplines. Debt strategies include construction and acquisition lending, special situation financing and debt acquisitions; equity real estate strategies include opportunistic and value-add investments as well as ground-up development. Among other industry recognitions, MRC has been named to the Commercial Observer’s prestigious “Power 100” list of New York City real estate players and is consistently cited as one of the industry’s top construction lenders.

Media inquiries, contact
Great Ink Communications: (212) 741-2977
Tom Nolan – tom@greatink.com
Al Barbarino – al@greatink.com

SoftBank Corp. Leads VANTIQ Series B Investment Round

VANTIQ and SoftBank Corp. form a strategic partnership to address today’s rapidly evolving business needs

SAN FRANCISCO, July 17, 2019 (GLOBE NEWSWIRE) — VANTIQ, the company that powers the real-time business, today announced a three-pronged strategic partnership with SoftBank Corp. (“SoftBank”) encompassing the following components:

  1. SoftBank and VANTIQ will jointly integrate their existing and future technologies to address rapidly growing market opportunities for real-time systems involving IoT and AI. The combined solutions will be marketed by SoftBank to systems integrators (SIs) and independent software vendors (ISVs) for building next-generation applications.
  2. VANTIQ and SoftBank have initiated the joint development of applications for SoftBank’s Smart Building and Smart City initiatives. According to IDC, “Global spending on smart cities initiatives will reach $189.5 billion by 2023.”1
  3. To solidify this strategic partnership, SoftBank will lead VANTIQ’s Series B investment round. As part of that transaction, Mr. Hironobu Tamba, VP and Head of SoftBank’s Smart IoT and AI Division, will join the VANTIQ Board of Directors. This will ensure a strong relationship between SoftBank and VANTIQ and assist in synchronizing both companies’ business strategies.

“Fields such as smart buildings and smart cities are expected to gain substantial momentum in the coming years. In such areas, full-scale complex processing of vast amounts of data in real-time has become absolutely imperative,” said Junichi Miyakawa, Representative Director & CTO of SoftBank Corp. “The collaboration with VANTIQ makes it possible for SoftBank to design, build and deploy real-time, event-driven applications in a field with large-scale data exchange requirements. This unlocks high-demand customer use cases, leading to further business expansion. With this strong partnership, we aim to make significant advances in the IoT industry.”

VANTIQ CEO and co-founder Marty Sprinzen commented, “In 2019 we have gained significant market momentum globally across a wide range of industries that are actively reinventing themselves with digital transformation. The strategic partnership with and investment from SoftBank will enable VANTIQ to further accelerate its position as the most advanced real-time, event-driven application platform. We view SoftBank as one of the strongest companies we could partner with and we believe that combining our individual strengths creates a very powerful and unique opportunity.”

Integrated Solution to Be Showcased at SoftBank World 2019
VANTIQ will be featured in the SoftBank exhibit at SoftBank World 2019, taking place July 18 and 19 in Tokyo. Demonstrations will include a number of new applications built with VANTIQ related to smart building and smart city operations.

About VANTIQ
VANTIQ, the company that powers the real-time business, provides the only truly agile platform for creating transformative, event-driven applications. Founded in 2015 by renowned tech industry veterans Marty Sprinzen and Paul Butterworth, VANTIQ enables significantly lower development and maintenance costs, and provides maximum agility in response to constantly-changing business requirements. For more information, visit www.vantiq.com

1 IDC Press Release, Smart Cities Initiatives Forecast to Drive $189 Billion in Spending in 2023, According to a New Smart Cities Spending Guide from IDC, June 2019

Media contact:
VANTIQ
Dana Dye
+1-415-928-1310
ddye@vantiq.com

PNG keen to observe Merauke’s rice and fishing boats: official

Jayapura, Papua (ANTARA) – Papua New Guinea’s (PNG’s) government looks to include Merauke’s rice and fishing boats on the country’s imported products’ list as revealed by the PNG cabinet minister’s visit to Indonesia’s town, a local government official stated.

PNG’s Vice Minister of Foreign Affairs and Trade Sekie Agisa undertook the visit on Tuesday to closely review Merauke’s rice production potential, Suzana Wanggai told ANTARA here on Wednesday.

“Mr Sekie Agisa is keen to observe the rice fields in Merauke,” Wanggai, tasked with intensifying border and overseas cooperation at the Papua provincial administration, noted.

Agisa had also expressed keenness to purchase fishing boats produced at the local people’s shipyards in Merauke. “May the PNG government’s keenness to buy Merauke’s rice and fishing boats soon be realized,” she remarked.

During his two-day visit, apart from observing the agricultural centers and the local people’s shipyards in Merauke, Agisa also visited the PNG-Indonesia border area of Sota, she revealed.

In connection with the PNG-Indonesia efforts to strengthen their bilateral trade ties, both nations’ ministers have held regular meetings.

PNG is also recorded as one of Indonesia’s main export destinations in the Pacific apart from Australia, New Zealand, Timor Leste, and Fiji, with several commodities and products, ranging from palm oil and tobacco to tires and electronic components.

As part of Indonesia’s efforts to forge deeper cooperation with countries in the Pacific, Indonesian Foreign Minister Retno Marsudi had paid a visit to Auckland for the First Pacific Exposition held on July 12-14, 2019.

The Indonesian government facilitated 30 companies engaged in various businesses, including food and beverage, textile and fashion, energy, infrastructure, and services, finance, skilled labor agencies, hotels, and aesthetics, during the expo.

They showcased their products during the expo with the intention of matching their businesses with that of their Pacific counterparts as well as building a network with potential buyers.

A total of 50 companies from 20 Pacific nations, including Indonesia, participated in the First Pacific Exposition held by the Indonesian Embassy in Wellington.

Source: ANTARA News