Daily Archives: May 28, 2020

Bombardier Releases its 2019 Activity Report, Highlighting Sustainability Milestones and Objectives

MONTREAL, May 28, 2020 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) today released its 2019 Activity Report, reaffirming its commitment to sustainability and highlighting the Company’s progress over the past year towards achieving its environmental, social and governance (ESG) goals.

“As a company entrusted to safely move millions of people around the globe every day, Bombardier is proud to be a leader in sustainable business practices,” said Éric Martel, President and Chief Executive Officer, Bombardier Inc. “Moreover, the current global health and economic crisis has demonstrated that sustainability is more important today than ever before. With this Activity Report, we hope to send a clear message reaffirming our commitment to pursuing ambitious ESG goals as we look to move beyond the current crisis.”

Recognized among Corporate Knights’ Global 100 Most Sustainable Corporations in the World, Bombardier is committed to developing efficient, cost-effective and innovative products, efficiently managing resources in its operations and across its supply chain, and transparently and annually reporting on its progress.

The Company also believes that the manner in which it delivers its results is as important as the results it achieves, which includes maintaining the highest ethical standards, creating a people-centric and healthy work environment and supporting the communities where it operates.

Bombardier’s 2019 Activity Report highlights the Company’s progress in integrating ESG considerations across the organization. Notable achievements from the past year include playing a leadership role in promoting the adoption and availability of sustainable aviation fuel (SAF) in business aviation; exceeding its goal of providing more than 1,000 paid internships in Canada and launching an updated Code of Ethics, Supplier Code of Conduct and enhanced ethics and compliance program.

In 2020, Bombardier expects to announce and deploy a renewed global sustainability strategy, overseen by its Board of Directors, to create value for stakeholders and further the company’s goal of building a world-class, sustainable business for the long-term.

Bombardier has published reports about its sustainability performance since 2008. Read the full 2019 report here: https://www.bombardier.com/en/sustainability.html

About Bombardier
With over 60,000 employees across two business segments, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montréal, Canada, Bombardier has production and engineering sites in over 25 countries across the segments of Aviation and Transportation. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2019, Bombardier posted revenues of $15.8 billion. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier is a registered trademark of Bombardier Inc. or its subsidiaries.

For Information
Jessica McDonald
Advisor, Media Relations
Bombardier Inc.
+514 861 9481
jessica.mcdonald@bombardier.com

International Spirits & Wellness Holdings Enters Joint-Venture Agreement with Official Distributor of Top-Selling Crypto Mining Equipment

Partnership draws on strengths of both parties to combine global brand management with innovative crypto mining solutions

ISW Holdings and Bit5ive Join Forces

Global brand management expertise from ISW Holdings combines with Bit5ive’s innovative crypto mining solutions

LAS VEGAS, May 28, 2020 (GLOBE NEWSWIRE) — International Spirits & Wellness Holdings, Inc. (OTC: ISWH) (“ISW Holdings” or the “Company”), a global brand management holdings company, announced its entrance into a new venture with Bit5ive LLC, a global leader in cryptocurrency mining and innovative turnkey mining solutions.

Bit5ive is an official distribution partner of Bitmain, the industry-leading fabless manufacturer of computing chips and distributor of Antminers to more than 30 countries in Latin America, Central America, and the Caribbean. In addition, Bit5ive is the producer and distributor of POD5 and Power Skid 2.5, the most efficient and successful infrastructure for crypto mining hardware. Bit5ive is quickly becoming one of the largest U.S.-based companies in the cryptocurrency mining and bitcoin farm industry. The joint venture with ISW Holdings is the latest in a string of successes for the Company and an indication of the growing interest in bitcoin and blockchain technologies.

“We have achieved considerable growth and hit several major milestones in the last three years, consistently growing our staff and honing our expertise along the way,” said Bit5ive CEO Robert Collazo. “It is important that we continue innovating and be over par with industry demand from every aspect.”

For more details and forward-looking statements, view the entire announcement: http://nnw.fm/ISWHoldingsBit5iveAnnouncement

The bitcoin technology market, valued at USD $293.66 million in 2019, is expected to reach USD $477 million by 2025, according to Mordor Intelligence.

“We are incredibly excited to expand our current portfolio and move into what we believe is a sector poised for strong technological and financial growth,” stated ISW Holdings President and Chairman Alonzo Pierce. “This new joint-venture agreement enables us to collaborate with the experienced team at Bit5ive to innovate the infrastructure needed to run profitable, efficient crypto mining projects, and to take advantage of the incredible growth projected for the crypto market.”

About Bit5ive

Bit5ive is a leader in crypto currency mining data centers with several projects currently in development in the United States. Bit5ive’s success lies in its commitment to its clients, hailing from a variety of industries and professions. Bit5ive’s corporate headquarters is based in Miami, Florida, from which it operates as a management hub for its data centers, sales and customer service.

For more information, visit www.Bit5ive.com

About ISW Holdings

ISW Holdings, Inc. (ISWH), based in Nevada, is a diversified portfolio company comprised of essential business lines that serve consumer product demands. Our expertise lies in strategic brand development, early growth facilitation, as well as brand identity through our proprietary procurement process. Together, with our partners, we seek to provide a structure that meets large scalability demands, as well as anticipated marketplace needs. We are able to meet these needs through a variety of strategic innovative processes.

ISWH is creating and managing brands across a spectrum of disruptive industries. It maneuvers its proprietary companies through critical stages of market development, which includes conceptualization, go-to-market strategies, engineering, product integration, and distribution efficiency. The company has also partnered with a well-known software development and consulting company, Bengala Technologies LLC, which is developing significant enhancements in the supply chain management space; and, the partnership has a vitally needed patent pending.

For more information, visit www.iswholdings.com

Company Contact:
Investor Relations
info@ISWHoldings.com

Wire Service Contact:
NetworkWire (NW)
New York, New York
www.NetworkWire.com
212.418.1217 Office
Editor@NetworkWire.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3bbfdd35-d7f7-4932-b3f1-05c9b7157dcd

Virtusa to Increase Speed, Reduce Costs of Critical Digital Transformation Initiatives

New Digital Transformation Studio Results in 30% Productivity Improvements

Virtusa’s New Digital Transformation Studio

An account team presenting productivity and performance improvements resulting from the new Virtusa Digital Transformation Studio.

SOUTHBOROUGH, Mass., May 28, 2020 (GLOBE NEWSWIRE) — Virtusa Corporation (NASDAQ GS: VRTU), a global provider of digital strategy, digital engineering, and IT services and solutions that help Global 2000 clients accelerate transformation through innovation engineering, today announced its new Digital Transformation Studio (DTS), a proprietary platform and approach designed to increase the delivery speed and dramatically reduce the costs of business critical digital transformation projects.

According to a past study by McKinsey, 84% of respondents say their organizations’ digital transformations have failed to improve performance or to sustain the transformational changes in the long term. To better understand causality, Virtusa led a multi-year research project to gain deeper insights into the anatomy of successful digital transformation initiatives across key industries, including Financial Services, Insurance, Healthcare, Life Sciences, Telecommunications, Technology, Media, and Entertainment. The research included extensive input from customers, industry experts, partners, and Virtusa front-line employees.

DTS was born from the research findings.  The platform was designed to mitigate many of the typical issues plaguing traditional digital transformation efforts, while enabling a 30% overall productivity improvement. DTS allows Virtusa teams to set specific performance goals with each client focused on areas including reducing technical debt, improving time to market, or reducing costs.

DTS includes three key components:

Engineering Tools that drive SDLC automation to improve quality, enable speed, and increase productivity. These include Smart Application Lifecycle Management tools to improve user stories and provide a story point estimation model; proprietary Gamified Dashboards to promote transparency, quality, and productivity metrics; and end-to-end CI/CD pipeline that automates code quality review, testing, and release management.

Reusable Industry Assets collected and improved through Virtusa’s Open Innovation Platform that strives for a near-zero approach to coding. These include AI Model Zoo and Data Lake with over thirty pre-trained AI/ML models trained on synthetic datasets with 10MM customers, and 500MM transactions; Cloud Native Middleware with prebuilt microservices, boilerplate code generators, and multiple legacy system connectors; and API Lifecycle Toolkits to manage onboarding, QoS, security, distributed tracing, and logging of deployed services.

Certified Teams pre-trained on agile processes, technology, domain, and Virtusa’s engineering tools and assets. A Developer Portal opens challenges and hackathons to a community of developers. Using an agile methodology, teams are configured in squads and tribes to promote scalability and growth. Teams also use a Solutions Assembly Sandbox to assemble Digital Solutions from the asset library.

“Given today’s challenges, enterprises need to maximize every dollar invested in digital transformation initiatives,” said Kris Canekeratne, chairman and CEO, Virtusa. “DTS was built from the ground up to increase the speed and success rate of these business critical projects dramatically. With gamified dashboards to promote transparency and improve performance, reuse of industry assets to save time and money, and pre-trained and certified teams with experience in key industries, we can predict digital transformation successes very early in engagements with clients.”

The impact of DTS is expanded by its integration with Virtusa’s Global Technology Office and xLabs, which combine design thinking and digital engineering to reduce the time and costs associated with identifying, evaluating, and exploiting new technologies to create a competitive advantage. Once new solutions are built, tested, and successfully deployed for clients in Global Technology Office and xLabs, those solutions are transferred to DTS for componentization and reuse.

To learn more about Virtusa’s Digital Transformation Studio, please visit: http://virtusa.com/dts

About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients accelerate transformation through innovation engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Contact:
Ron Favali
Conversion Marketing
727-512-4490
ron@conversionam.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95af2c34-b193-4fb7-b7b7-0ff3812a3136

Wasabi Builds on Explosive Growth with $30 Million Funding Round

 New investment to drive Wasabi’s global expansion as it meets infinite data storage demands of $90B public cloud storage market

Boston, May 28, 2020 (GLOBE NEWSWIRE) — Wasabi, the hot cloud storage company, today announced it has closed a $30 million financing round led by Forestay Capital, the technology innovation arm of Waypoint Capital, with participation from Wasabi’s previous investors. With today’s round, Wasabi has raised a total of $110 million.

Customers and partners are emphatically choosing Wasabi’s high performance and predictable, budget-friendly pricing models over cloud storage solutions from Amazon S3 and other first generation cloud providers. During this accelerated global migration to the cloud, the amount of new data Wasabi stores has grown by 4x over the same period last year. In 2019, Wasabi experienced 5x year-over-year revenue growth and tripled its customer base to nearly 15,000 organizations. Wasabi also grew its channel program to more than 2,300 partners during the program’s first 12 months.

The funding will be used primarily to expand Wasabi’s infrastructure and capacity to meet growing global demand for storage in the $90 billion public cloud storage market. Wasabi plans to extend its hot cloud storage service to Canada and additional markets in Europe, APAC and Latin America through Managed Service Providers (MSPs) and other channel partners.

“In an extremely difficult funding market, we’ve been able to raise money at a significant uptick in valuation,” said David Friend, Wasabi’s CEO and co-founder. “We focus 100% of our attention on doing one thing really, really well: storing data in the cloud.  Our investors recognize the power of our business model and the virtually limitless market opportunity that we are addressing,”

Wasabi is changing the economics of the cloud with a predictable pricing model that is 1/5th the cost of legacy cloud storage offerings with no fees for egress or API requests.

“In just three years, Wasabi has harnessed the complex technology that powers its storage and built a strong distribution channel in record time,” said Frederic Wohlwend, Managing Partner of Forestay Capital. “Technology decision-makers don’t want to be locked into a single cloud ecosystem — they want choice, and Wasabi is empowering them to choose limitless storage at an unbeatable price. We are proud to be leading this financing round, and excited by the company’s future prospects.”

About Forestay Capital:

Founded in 2017, Forestay invests in the tech sector and is focused on earlier stage novel, revenue-generating technology companies, in Europe, the USA and Israel, that challenge established models and the status-quo, primarily through software and data. It is part of Waypoint Capital, chaired by Ernesto Bertarelli, which supports a broad portfolio of leading investment businesses. (www.forestaycapital.com)

About Wasabi:

Wasabi provides simple, predictable and affordable hot cloud storage for businesses all over the world. It enables organizations to store and instantly access an infinite amount of data, tier-free and at 1/5th the price of competitors. Trusted by customers worldwide, Wasabi has been recognized as one of technology’s fastest growing and most visionary companies. Created by Carbonite co-founders and cloud storage pioneers David Friend and Jeff Flowers, Wasabi has secured $110 million in funding to date and is a privately held company based in Boston.

Follow and connect with Wasabi on Twitter, Facebook, Instagram and our blog.

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InkHouse for Wasabi
InkHouse
wasabi@inkhouse.com

Capgemini Press Release // Capgemini and Audi launch new Joint Venture: XL2

Capgemini and Audi launch new Joint Venture: XL2

  • New company to focus on SAP S/4HANA® and Cloud Services
  • XL2 to support the digital transformation of the automotive industry

Ingolstadt/Paris, May 28, 2020 – Capgemini and Audi today announced the launch of their joint venture – XL2. Following regulatory approvals, the company was founded at the end of April. It will provide digital technology and consulting services, namely in the fields of SAP S/4HANA® and cloud services primarily for Audi and the entire Volkswagen Group. XL2 combines an agile start-up culture reinforced by two global industry-leaders. The company’s goal is to expand its project business gradually and achieve a powerful workforce within the next five years.

XL2 was founded by Audi and Capgemini to support the automotive industry in digital transformation tasks. The joint venture that focuses on consulting and technology services for cloud and SAP S/4HANA® includes industry solutions such as SAP Leonardo®. XL2 is designed to enable end-to-end digital manufacturing, covering all central processes, including production planning, logistics, finance, maintenance, quality and materials management. Projects of the legally independent entity are to be carried out for Audi. The first focus areas are SAP projects for production and master data management, as well as development in the context of cloud-based applications.

XL2 embodies an agile innovative start-up culture backed by two global brands

Capgemini and Audi have a long-standing partnership in developing solutions for digital transformation and co-innovation. The new co-owned company strengthens this collaboration and leverages their joint capabilities. The formation of XL2 takes the partnership to a new level and continues the successful collaboration in developing solutions and co-innovations for digital transformation. XL2 will benefit from the combined experience and expertise of the two global leaders. Its independence and agility, combined with the rigor and breadth of the large organizations, aims to address the rapidly changing requirements of digital transformation in the automotive sector.

Frank Loydl, Chief Information Officer at AUDI AG:XL2’s flexible and scalable way of working and its focus on important key technologies is part of our vision and our needs in further advancing digital transformation. Our long-term relationship with Capgemini and its proven capabilities in the automotive and SAP sectors makes it the right partner.”

The joint venture will have dual leadership: by Géraldine Aubert, previously Vice President of Packaged Based Services at Capgemini, and Felix Spitznagel, previously Director SAP Acceleration Center at Audi. The goal of this agile, innovative company is to build a powerful workforce within the next five years in order to service more projects in the future. The company is now looking to recruit namely SAP consultants, software developers as well as analytics and data engineers, from graduates to established experts. XL2’s headquarters are located in Heilbronn in Germany, in close proximity to Audi’s production site in Neckarsulm. The vicinity of the Audi production site is noteworthy and an additional enrichment of the ecosystem. The Audi location in Neckarsulm also offers an ideal testing and application environment for IT solutions in the field of digital production.

Markus Winkler, Global Head of the Automotive Sector at Capgemini said: “XL2 is an exciting new brand that stands out from the market combining an agile start-up culture and the experience and capabilities of two industry leaders. Its employees will shape digital transformation in the automotive industry with key state-of-the-art technologies. For that, we are excited to join forces with Audi, a technology leader in its own industry.”

For more information on XL2:  www.xl2.de

About Capgemini
Capgemini is a global leader in consulting, digital transformation, technology and engineering services. The Group is at the forefront of innovation to address the entire breadth of clients’ opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year+ heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. Capgemini is driven by the conviction that the business value of technology comes from and through people. Today, it is a multicultural company of 270,000 team members in almost 50 countries. With Altran, the Group reported 2019 combined revenues of €17billion.
Visit us at www.capgemini.com. People matter, results count.

About Audi
The Audi Group, with its brands Audi, Ducati and Lamborghini, is one of the most successful manufacturers of automobiles and motorcycles in the premium segment. It is present in more than 100 markets worldwide and produces at 16 locations in 11 countries. 100 percent subsidiaries of AUDI AG include Audi Sport GmbH (Neckarsulm, Germany), Automobili Lamborghini S.p.A. (Sant’Agata Bolognese, Italy) and Ducati Motor Holding S.p.A. (Bologna, Italy).

In 2019, the Audi Group delivered to customers about 1.845 million automobiles of the Audi brand, 8,205 sports cars of the Lamborghini brand and 53,183 motorcycles of the Ducati brand. In the 2019 fiscal year, AUDI AG achieved total revenue of € 55.7 billion and an operating profit of € 4.5 billion. At present, 90,000 people work for the company all over the world, 60,000 of them in Germany. Audi focuses on sustainable products and technologies for the future of mobility.

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
© 2020 SAP SE. All rights reserved.

SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries.
Please see https://www.sap.com/copyright for additional trademark information and notices.

Attachment

Press contact Capgemini

Sam Connatty
Tel.: +44 (0) 370 904 3601
E-mail: sam.connatty@capgemini.com

Audi Corporate Communications
Lisa Niermann
Spokeswoman Finance & IT
Tel.: +49 841 982842
E-mail: lisa.niermann@audi.de
www.audi-mediacenter.com/en