Digitalization Archives - Page 26 of 50

CleverTap launches Scribe, an OpenAI integrated content creation assistant

CleverTap, the World’s #1 retention cloud, today announced the integration of OpenAI with the CleverTap platform and launched its AI-generated content creator Scribe. The AI content feature can generate campaign creatives, analyze emotions, and rewrite them keeping in mind a specific emotion that resonates with the brands’ users. The feature will be rolled out to customers in April.

Scribe can interpret the emotion of messages and suggest the best alternative that users are more likely to engage with. Growth marketers can now auto-generate emotionally relevant copies and expedite content development by using just a few keywords on Scribe. The technology enables brands to automatically determine the tone of their messages. Marketers can leverage user engagement data based on emotion analysis to develop hyper-personalized content that is consistent with the brand, and also resonates with the user. Scribe is currently available to CleverTap Enterprise Customers on an invite basis.

Based on studies showing how much more value an emotionally connected customer adds, CleverTap has identified five fundamental emotions in MarTech. Namely, fear of missing out (FOMO), anticipation, trust, joy, and surprise — that are integral parameters in the digital world. Scribe has the capacity to produce and analyze content taking these factors into account. For digital-native businesses aiming to boost conversions with the aim of emotionally intelligent content, this will be a game-changer — driving increased visits, swipes, and spending.

Although marketers can personalize the way their customers connect with a brand, they will be able to go a step further with Scribe and customize the emotion of the messages marketers send out. Consider the following two examples of messages that have the same meaning but vastly different emotion scores – ultimately appealing to different audiences.

1. 50% off on shoes! Offer ends tonight!

2. Hurray! You have won 50% off on shoes. Coupon is valid today.

“Studies show that marketers only have 2 seconds to capture users’ attention in the digital realm. This gives marketers a very brief window to engage their users by tapping into the right emotions and AI enables brands to build these customized campaigns. These advancements in AI will open up the next frontier for marketers and bring back the ‘tech’ in MarTech.” said Jacob Joseph, Vice President Data Science, CleverTap, “We’re excited to launch Scribe – our very own OpenAI powered AI content creator to help our customers generate personalized, emotionally relevant messaging to stay connected with users and strengthen digital relationships.”

About CleverTap

CleverTap is the World’s #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It’s the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product.

The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.

CleverTap is trusted by 2000 customers, including Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.

Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter.

Forward-Looking Statements

Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.

Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.

For more information:

SONY SHETTY
Director, Public Relations, CleverTap
+91 9820900036
sony@clevertap.com

IPSHITA BALU
Consultant
Archetype
+91 9590111798
ipshita.balu@archetype.co

Content Remains King in the Future of Video in India

The Asia Video Industry Association’s (AVIA) Future of Video India conference opened to a full house with a keynote conversation with Shri Apurva Chandra, Secretary, Ministry of Information and Broadcasting (MIB). Secretary Chandra stated that with OTT, Indian content has become more accessible and more acceptable to a global audience. “Quality of content has always been very good in India, but now it is easier for Indian content to travel across the world. OTT has helped it in a big way,” said Chandra. He also reiterated the need for OTT to continue with a soft touch approach, as the three tier self- regulatory system has been working well. While there were concerns that light touch regulation has led to less desirable content, he remained of the view that the industry needed to be more self-aware so that the government need not step in. Chandra also shared that a National Broadcasting Policy has been in the works, as the industry was becoming more fragmented. However, this would take time in order to balance the conflicting interests of all the disparate parties.

With the explosive growth of OTT and original content in India, the MIB also remained committed to the fight against piracy. “The new Cinematograph Bill that is underway seeks to protect the entertainment industry from piracy. We are ready to take action against not only those who record the content illegally, but even those who are transmitting it online. The websites which stream pirated content will be blocked,” said Chandra.

This focus on content was a theme that followed throughout the conference. Sushant Sreeram, Country Director, Prime Video India, talked about the importance of authenticity in a market as diverse as India. “By being locally authentic, it provides the best opportunity for regional and global success,” noted Sreeram. India also maintained the second largest development slate after North America, signalling Prime Video’s commitment to the market.

Similarly, Sajith Sivanandan, Head of Disney+ Hotstar India, said, “We are building for all India. There is no one India, there are many India’s and it is important that we speak to all of them.” However, much greater interactivity with the content was on his wishlist for the future, as well as the ability to serve the masses but at a scale of one. “Creative and technology should be working together to serve every single person to get the content they want,” he added.

Meeting the digital consumers’ demand was also part of the vision for Viacom18. “We have a digital-first mindset for the foreseeable future. We want to back the digital India vision and put our might behind it,” said Jyoti Deshpande, CEO, Viacom18, with most of the money spent on content going to digital and not TV. “All formats will co-exist for the foreseeable future. The consumer should be free to interact with content the way they please,” added Deshpande. Sameer Nair, Managing Director, Applause Entertainment, also noted that ‘streamers have done a great service to the content industry, making content more easily available to consumers.’ “We are in the business of creating mass-distraction,” quipped Nair.

Vikram Sahay, Joint Secretary (Policy & Administration), MIB, who participated in a content panel with some of the industry’s top content leaders, also said that the best thing about OTT was the democratisation of talent. “The greatest thing is the democratisation of talent which this industry has allowed across all parts of the creative content chain,” said Sahay.

However, the jury is still out on the best way to monetize the content that is flooding the Indian market. For Arghya Chakravarty, COO, Shemaroo Entertainment, advertising was highly dependent on the economic climate, as the advertising markets changed. Hence the sweet spot was always somewhere in the middle, and for long term sustainability, it would require a mix of both. Praveen Chaudhury, Director, Retention, Engagement & Growth Strategy, DTC Marketing, Warner Bros Discovery, APAC, also noted that the high cost of direct customer acquisition meant aggregation and partnerships remained key.

As the fragmentation of advertising delivery was continuing to put huge downward pressure on rates, the role of operator bundling was also super important, said Prasad Sanagavarapu, Chief Business Officer, INVIDI. With very rich first party data sitting with the aggregator at a level dwarfing what any individual OTT service could manage, they had a crucial role to play in advertising, added Sanagavarapu.

The very important issue of female representation in the television and entertainment industry was discussed by a distinguished panel of female industry leaders. Smriti Mehra, CEO – Business News, Network18, highlighted the fact that all too often workplaces had defining gender roles and too many talented former colleagues had dropped out of the industry. There were societal issues at play as well of course, but there was much positive action that could be taken within the corporate context. Earlier in the day. Jyoti Deshpande had defined it as the search for equity, not just equality.

Wrapping up the conference, Mihir Shah, VP, India, Media Partners Asia (MPA), said that India’s growth story remained intact amidst global turmoil, with macro tailwinds and digitalization propelling growth for video advertising, and digital penetration now on par with television.

Content spend was also expected to double to US$10bn in the next five years, with online video content investments catching up with pay TV. Shah also noted that mergers and acquisitions will continue to fuel scale and profitability for the major incumbents. And with Connected TV adoption on the rise, premium inventory will fuel the growth for the AVOD segment. “Content is king, and it’s reigning supreme,” summarised Shah.

The Future of Video India is proudly sponsored by AKAMAI, Bharucha & Partners, INVIDI, Magnite, MEASAT, PubMatic and Samsung Ads.

About the Asia Video Industry Association

The Asia Video Industry Association (AVIA) is the trade association for the video industry and ecosystem in Asia Pacific. It serves to make the video industry stronger and healthier through promoting the common interests of its members. AVIA is the interlocutor for the industry with governments across the region, leads the fight against video piracy through its Coalition Against Piracy (CAP) and provides insight into the video industry through reports and conferences aimed to support a vibrant video industry.

For media enquiries and additional background information, please contact:
Charmaine Kwan
Head of Marketing and Communications
Email: charmaine@avia.org
Website: www.avia.org
LinkedIn: www.linkedin.com/company/asiavideoia
Twitter: @AsiaVideoIA

Trintech Announces Appointment of Darren Heffernan as New CEO

Teresa Mackintosh to become Executive Chair of Board of Directors

Trintech, a leading global provider of cloud-based financial close solutions for the Office of Finance, today announced that Darren Heffernan, President & Chief Operating Officer, will become the company’s next Chief Executive Officer, effective May 1, 2023. Heffernan will succeed Teresa Mackintosh, who will transition to Executive Chair of the Trintech Board of Directors, after a successful seven-year tenure leading the company.

Heffernan, who has been with Trintech since 2001, has held a number of strategic and corporate development roles throughout his tenure at the company. He has been instrumental in driving significant growth in his capacity as CFO and President & COO, as well as through his involvement in the company’s international business expansion. Heffernan’s diverse experience and deep industry knowledge will inform his stewardship of Trintech’s continued focus on the company’s operational excellence and commitment to client service, partnership and growth.

Prior to Trintech, Heffernan held various finance and operational positions, driving innovation with companies like GE, Paramount / Universal Studios, IAWS and Anglo American.

As Executive Chair, Mackintosh will continue to work closely with Heffernan and Trintech’s leadership team to ensure a smooth and successful transition. She is steadfast in her commitment to advancing Trintech’s position as a leading global SaaS provider for the Office of Finance.

“I am incredibly proud of all that we have accomplished over the past seven years,” said Mackintosh. “The team’s unwavering commitment to serving our customers and supporting our partners has been astounding. I am excited to now welcome Darren as Trintech’s next CEO. Darren has been critical in driving Trintech’s growth for over twenty years, and his passion for innovation and deep understanding of our company culture is unmatched. Darren’s focus on operational excellence will help us to meet and exceed the evolving needs of our expanding client base while also driving Trintech’s growth trajectory. I look forward to our continued partnership in my new role as Executive Chair.”

“On behalf of the Board of Directors, I want to extend my sincerest gratitude to Teresa for her exemplary leadership throughout these past seven years,” said Pete Rottier, Managing Director of Summit Partners. “Under her leadership, Trintech tripled its revenue, solidifying its position as a leader and trusted partner in the global SaaS market for the Office of Finance. The Board is looking forward to Trintech’s continued growth under Darren’s leadership. With his strong strategic, financial, and operational background, and clear dedication to the company’s business and customers, we believe Darren is the ideal person to lead Trintech forward in the years to come.”

“It is a tremendous honor to serve as Trintech’s next CEO,” said Heffernan. “Teresa has been an incredible leader and colleague, and I am privileged to have worked alongside her for the past several years. I want to thank both Teresa and the entire Board for their support and confidence. I look forward to continuing our commitment to deliver better solutions and innovative services for our clients, collaborating with our global partners, expanding our business with exciting new opportunities for growth and building the company with the help of our tremendous employees.”

About Trintech
Trintech, a leading global provider of cloud-based, integrated reconciliation and financial close solutions for Finance & Accounting departments. From high volume transaction matching, to automating and managing balance sheet reconciliations, intercompany accounting, journal entries, close management tasks, to governance, risk and compliance – Trintech’s portfolio of financial solutions, including its Cadency(R) Platform (for large enterprises) and Adra(R) Suite (for mid-market organizations), help manage all aspects of the reconciliation and financial close processes. Trintech’s excellence in both innovation and client support have been recognized with a variety of awards over the years including most recently “Easiest to Do Business With” and “Fastest Implementation” in G2’s Fall 2022 Report. Over 3,500 clients worldwide – including the majority of the Fortune 100 – rely on Trintech’s solutions to enable their F&A operation to become a strategic partner to the business by controlling risk, driving efficiencies, and providing strategic insights.

Headquartered in Plano, Texas, Trintech has offices located across the United States, United Kingdom, Australia, Singapore, France, Germany, Ireland, the Netherlands, and the Nordics, as well as strategic partners in South Africa, Latin America, and the Asia Pacific. To learn more about Trintech, visit www.trintech.com or connect with us on LinkedIn, Facebook, Twitter and Instagram.

Media Contact:
Kelli Shoevlin
Director, Global Corporate Marketing & Communications
kelli.shoevlin@trintech.com

SOURCE: Trintech

Pioneering a More Collaborative Future for Manufacturing: weavix is Exhibiting at Hannover Messe 2023

weavix(TM) is set to showcase the latest innovations to its communications and productivity platform on April 17-21 at Hannover Messe 2023, a leading international conference specializing in industrial transformation for manufacturers.

weavix and Microsoft Teams integration – walt smart radio showing the integration with Microsoft Teams

weavix will highlight its integration with Microsoft Azure Private 5G Core, which enables its platform to deliver enterprise-vital solutions, thus supporting the Internet of Workers platform with integration with Azure services, enhanced security, low latency and dependability.

Following the company’s collaboration with Microsoft at Mobile World Congress earlier this year, weavix is rolling out its integration with Microsoft Teams(R). The goal is to leverage the connectivity and solutions provided by Azure Private 5G Core to allow for collaboration between office and frontline workers and address efficiency issues more directly.

“Microsoft has a long and tremendous history with communication technology for office workers,” said Ben Burrus, Chief Product Officer at weavix. “The interoperability between Teams and weavix helps to break down the overt communication barriers that exist between the two distinct groups of workers and, in turn, makes the other 80% of the workforce more accessible. This pairing allows for a seamless and direct route for office workers to communicate using audio and video to frontline workers via the walt(TM) smart radio.”

“Modernizing and empowering frontline workers represent a big opportunity in the evolution and advancement of the manufacturing industry,” said Shriraj Gaglani, VP of Product Development, Microsoft. “Manufacturing personnel must be able to effectively communicate on-site and off to continue producing at optimal levels, and we are pleased to see weavix growing their portfolio of solutions using Azure private MEC and adding Microsoft Teams integration to address this opportunity and unmet need.”

At the conference, manufacturing professionals and attendees can operate and test the walt smart radio and experience a complete demonstration of the platform’s communication and productivity solutions.

Hannover Messe is an international hotspot for the latest in technological advances for industry, drawing in an estimated 200,000 manufacturing professionals, exhibitors, decision-makers and industrial pioneers.

weavix is exhibiting alongside Microsoft’s other co-innovation partners in Hall 17 as part of the Intelligent Factory sector. To meet with weavix at Hannover Messe 2023 in Hannover, Germany, schedule a time here. https://weavix.com/schedule-a-meeting/

About weavix
weavix, the Internet of Workers(TM) platform, revolutionizes frontline communication and productivity on a global scale. Since its founding, weavix has shaped the future of work by introducing innovative methods to better connect and empower the frontline workforce, like Enterprise-Vital Push-to-Three (EVPT3) communication. weavix transforms enterprise by providing data-driven insights into facilities and teams to maximize productivity and achieve breakthrough results. weavix is the single source of truth for both workers and executives. Our mission is to empower workers around the world with disruptive technology. Visit https://weavix.com/ for more information.

Contact Information
Monica Poe
Marketing Director, weavix
mpoe@weavix.com
3165195912

Justin Nickel
Chief Marketing Officer, weavix
jnickel@weavix.com
3168662955 ext. 533

SOURCE: weavix

Society Pass Inc. (Nasdaq: SOPA)’s Travel Platform, NusaTrip, Acquires Vietnam’s VLeisure, Marks its First Acquisition Outside of Indonesia

NusaTrip (“NusaTrip”), a leading Jakarta-based, IATA-licensed Online Travel Agency (“OTA”) and the travel vertical of Society Pass Inc (Nasdaq: SOPA), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem, today announces the acquisition of VLeisure, a Ho Chi Minh City, Vietnam-based online B2B hotel platform servicing small-to-medium size hotels in Vietnam and empowering online and offline travel agencies to manage and distribute travel products and services. The VLeisure acquisition extends NusaTrip’s base of operations and geographical reach outside of Indonesia for the first time. Going forward, NusaTrip will continue to acquire online and offline travel agencies in SEA as it builds a regional travel platform servicing the booming SEA travel market.

The VLeisure acquisition comes at an opportune time for NusaTrip with the dramatic rebound in the SEA travel market from the depths of the Covid pandemic. The marked increase in demand is driven by strong government initiatives to boost tourism, the rise of SEA’s burgeoning middle class and strong internet penetration, which enables more Southeast Asians to more easily book flights and hotels through OTAs. According to Web In Travel, gross bookings in 2025 will reach 94% of the record 2019 levels. And according to the Vietnam National Administration of Tourism, the tourism sector expects to welcome 110 million tourist arrivals in 2023, valued at US$27 billion, representing 5.7% of Vietnam’s projected 2023 GDP of US$469 billion.

Leveraging on SoPa’s capital and NusaTrip’s technology, VLeisure will market its hotel management SaaS products to small-to-medium size hotels initially in Vietnam and then to the rest of SEA. In addition, NusaTrip now acquires an operational foothold to significantly expand its B2C and B2B businesses in Vietnam. Phan Le, VLeisure Founder and Managing Director, comments, “I am honoured to join the SoPa ecosystem and Nusatrip. With SoPa’s rapid growth in 2021 and 2022 and NusaTrip’s position as a leading IATA-licensed travel platform in Indonesia, VLeisure now is able to access our parent companies’ infrastructure of capital, technology, marketing, and customer support, allowing VLeisure to better serve our Vietnam-based customers and accelerate growth in our hotel business. VLeisure’s trip planning, booking capabilities, hotel technology expertise complements Nusatrip’s existing travel services to deliver a more personalised user experience. Furthermore, as a Vietnamese, I am proud to join the first Vietnam-based company to be listed on Nasdaq. SoPa’s Nasdaq IPO in November 2021 is truly an historical event for Vietnam’s economy and an inspiration for all Vietnamese entrepreneurs.”

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure empowers Vietnamese, regional and international OTAs by distributing their travel products. Travel agents access to VLeisure’s extensive inventory of over 650,000 registered hotels. It is also a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions.

Dennis Nguyen, Society Pass Founder, Chairman and Chief Executive Officer and NusaTrip Chairman, expounds, “We happily welcome VLeisure into our ever-expanding NusaTrip ecosystem. VLeisure seamlessly blends into our user and merchant growth strategy. We combine NusaTrip’s robust flight B2B technology and B2C operational breadth with VLeisure extensive hotel management software solutions. With Phan’s significant experience and knowledge of the Vietnamese travel sector, I appoint him as the Managing Director of Nusatrip Vietnam. As Head of our Hotel Business, his expertise in hotel technology allows him to create unique travel goods and services that meet the demands of Vietnamese travellers.”

Mr. Nguyen further explains, “As a Vietnamese, I am especially proud to continue to finance and support Vietnam’s start-up sector with this VLeisure acquisition. I believe that our Vietnamese entrepreneurs will continue to be an example for the rest of SEA. We look no further than the example of Phan Le.”

About VLeisure

Founded in 2011 as a Ho Chi Minh City, Vietnam-based online marketplace for hotels, airlines, and travel agencies, VLeisure is a hotel technology platform servicing small-to-medium size hotels with customer booking and revenue collection software solutions. In addition, travel agents access to the company’s extensive inventory of over 650,000 registered hotels. VLeisure is now an integral member of NusaTrip. For more information, please visit: https://www.vleisure.com.

About NusaTrip

Founded in 2013, NusaTrip is a Jakarta, Indonesia-based, IATA-licensed online travel agency that serves both local and global customers and partners by optimizing cutting-edge technology and providing 24/7 customer-centric support team-as-a-service. With its first mover advantage, NusaTrip has onboarded +1.2 million registered users, +500 airlines and +200,000 hotels around the world as well as connected with over 80 million unique visitors. NusaTrip is now an integral member of Society Pass (Nasdaq: SoPa) ecosystem. For more information, please visit: https://www.nusatrip.com.

About Society Pass Inc.

Founded in 2018 as a data-driven loyalty, fintech and e-commerce ecosystem in the fast-growing markets of Vietnam, Indonesia, Philippines, Singapore and Thailand, which account for more than 80% of the SEA population, and with offices located in Angeles, Bangkok, Ho Chi Minh City, Jakarta, Manila, and Singapore, Society Pass Incorporated (Nasdaq: SOPA) is an acquisition-focused holding company operating 6 interconnected verticals (loyalty, digital media, travel, telecoms, lifestyle, and F&B), which seamlessly connects millions of registered consumers and hundreds of thousands of registered merchants/brands across multiple product and service categories throughout SEA.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 650,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; VLeisure, a Vietnam-based hotel technology platform; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

For more information on Society Pass, please visit:
Website at https://www.thesocietypass.com or
LinkedIn at https://www.linkedin.com/company/societypass or
Facebook at https://www.facebook.com/thesocietypass or
Twitter at https://twitter.com/society_pass or
Instagram at https://www.instagram.com/societypass/.

Cautionary Note Concerning Forward-Looking Statements

This press release may include “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. All statements other than statements of historical fact included in this press release are forward-looking statements. When used in this press release, words such as “anticipate”, “believe”, “estimate”, “expect”, “intend” and similar expressions, as they relate to us or our management team, identify forward-looking statements. Such forward-looking statements are based on the beliefs of management, as well as assumptions made by, and information currently available to, the Company’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors detailed in the Company’s filings with the SEC. All subsequent written or oral forward-looking statements attributable to us or persons acting on our behalf are qualified in their entirety by this paragraph. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and prospectus relating to the Company’s initial public offering filed with the SEC. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Media Contacts:
Rosa Milyarna – NusaTrip
rosa@nusatrip.com

Cority’s Hygiene Essentials Solution Wins Prestigious 2023 OH&S Industrial Hygiene Award

Recognition marks third Occupational Health & Safety platinum honor for global EHS software provider

Cority‘s Hygiene Essentials Solution, which helps companies reduce industrial and occupational risks and boost compliance, has earned a prestigious 2023 Occupational Health & Safety (OH&S) Industrial Hygiene Award in the category of Risk Assessment and Management, which helps companies reduce industrial and occupational risks to boost compliance. These awards honor the outstanding product development achievements of health and safety manufacturers whose products or services significantly improve industrial hygiene.

Cority’s award for its Hygiene Essentials Solution marks the third time OH&S has recognized the leading global Environment, Health & Safety (EHS) software provider for its innovation in product development. In 2021, Cority won an OH&S Industrial Hygiene Award in the category of Auditing & Compliance for its Compliance Management Solution. OH&S also named Cority’s Ergonomics Management Solution a New Product of the Year in 2018.

“This recognition validates Cority’s position as an innovative and trusted powerhouse in the industry, delivering to organizations people-first EHS solutions,” said Amanda Smith, Cority’s vice president of solutions marketing and enablement. “With our strong expertise in Industrial Hygiene and Safety, we are focused on building solutions that not only help organizations achieve operational excellence and protect their employees effectively but make better decisions that lead to a safer, healthier, and more sustainable future in the long run.”

According to International Labour Organization (ILO), workplace diseases and occupational injuries are responsible for more than 2 million fatalities annually on a global scale. Despite having industrial hygiene programs in place, organizations are facing challenges due to budget constraints and a shortage of hygiene experts, making it difficult to manage these exposures effectively.

The Hygiene Essentials solution responds to these market needs by providing automated monitoring plans and data transfer, mobile capabilities, employee cohort tracking, and reporting tools for driving data-driven decisions for effective hygiene risk management.

“Our team’s extensive background in industrial hygiene and safety, combined with our expertise in designing and configuring solutions for customers, has enabled us to build an unparalleled knowledge base into our software,” added Smith. “This means that our customers can benefit from our advanced knowledge and solutions which are designed to be user-friendly and accessible to all.”

Cority’s Hygiene Essentials Solution allows businesses to digitize their industrial hygiene management programs quickly, easily, and affordably. Like all of Cority’s Essentials packages, this purpose-built solution combines industry best practices and proven workflows in a ready-to-use, rapid time-to-value offering with scalability for future program expansion. The solution enables organizations to manage all their quantitative and qualitative hygiene exposure assessment data in one centralized place, helping them identify hazards, evaluate and manage risks and develop a comprehensive hygiene program to protect their workforce.

Hygiene Essentials is a standardized version of Cority’s comprehensive Industrial Hygiene solution under the Cority Health Cloud. It is also part of CorityOne(TM), the company’s integrated EHS SaaS-based platform, which provides a scalable and seamless path for future growth. Building on an organization’s industrial hygiene program, clients can easily unify all their EHS programs into a single comprehensive platform to uncover key insights and create a single, accurate, and holistic view of EHS performance.

To determine the winners among those nominated in 21 categories, an independent panel of highly qualified judges carefully reviewed and scored each entry. The judges’ combined scores dictated the winners of each category.

Contact Information:
Meredith Schweitzer
mschweitzer@66and.co
347-698-9196

SOURCE: Cority Software Inc.

HotelRunner Introduces ‘Elite’: An Exclusive Path to Efficiency and Profitability

HotelRunner, the leading hospitality and travel technologies platform, has launched HotelRunner Elite, an exclusive service designed to add exponential value to independent and chain hotels, helping them overcome the challenges of strategic positioning and yield management.

In a highly competitive landscape, HotelRunner Elite is designed to help accommodation businesses thrive by offering data-driven, innovative, state-of-the-art technology solutions, and dedicated consulting. Analyzing demand, tracking competitors, and charting a roadmap for efficient yield management, Elite allows hospitality professionals to realize a property’s true potential and makes sure they are always winning.

In line with its trailblazing persona, the company shifted gears to develop more data-driven and AI-powered platforms like the recently announced Insights and Autopilot. Today, on top of HotelRunner’s end-to-end stellar technology, Elite leverages a suite of additional products, including but not limited to Rate Intelligence, Autopilot, and Insights. All these products and the platform feed on HotelRunner’s immense data and evolve with the help of AI and machine learning.

What makes these benefits truly valuable is encapsulated in three concise yet powerful words: profitability, efficiency, and exclusivity. Members of HotelRunner Elite reap the benefits of cutting-edge technology infrastructure, coupled with the expertise of dedicated revenue managers and hospitality experts who scrutinize vast amounts of data to provide actionable insights and strategic guidance. This exclusive offering provides an unparalleled experience within a select community consisting of a group of best-in-class hospitality professionals.

“At HotelRunner, we’re dedicated to providing innovative solutions that drive growth for the hospitality industry,” said Arden Agopyan, Founder and Managing Partner of HotelRunner. “HotelRunner Elite is a true reflection of our commitment to providing the best service possible by pushing the boundaries. With a suite of data-driven platforms and privileged consultancy, Elite offers a unique value to independent and chain hotels, helping them automate their operations, enhance profitability, and beat the competition. We’re excited to see the incredible results it delivers.”

“HotelRunner has always been a leader in hospitality and travel technologies. Each of the products and features we have recently developed is part of a much larger vision and HotelRunner Elite is an extension of it,” said Ali Beklen, Founder and Managing Partner of HotelRunner. “With this launch, we’re taking our offerings to the next level as part of our commitment to creating a bigger travel economy. Elite is designed to help accommodation businesses with large revenue volumes with a tailor-made solution, unlike any other. We’re confident it will be a game-changer for our partners.”

As in the past decade, HotelRunner is committed to providing maximum value to its partners. The new service is tailored to the unique requirements of the industry, addressing the definitive demands of large and enterprise hotels. With a singular offering, Elite delivers optimal results with a combination of a powerful technology platform, AI, and human touch.

HotelRunner Elite has been in the closed beta program for almost a year and has already been increasing profitability and efficiency of its members. For more information about HotelRunner Elite, visit https://hotelrunner.com/elite

Contact Information
Suheyla van Taarling
Head of Brand
suheyla@hotelrunner.com
00905314010303

SOURCE: HotelRunner

InfoComm Asia 2023: Innovative AudioVisual Technologies for a Digital Future

InfoComm Asia 2023 returns from 24 to 26 May with a 38% larger show floor filled with more AudioVisual (AV) technologies and solutions to explore; and even more industry and technology-focused learning sessions at its Summits. It is also where Asia’s AV professionals will meet – to connect, share ideas, discuss opportunities, and rekindle friendships.

SHOW FLOOR: Explore Even More Solutions for Digital Innovation and Transformation

This year, with a 38% increase in show floor at Queen Sirikit National Convention Centre (QSNCC), the Show will deliver a bigger display of the world’s latest in Professional AudioVisual technology and solutions. Major brands visitors can look out for at InfoComm Asia 2023 include AVCIT, Audio Technica, BOE, Bose, Christie, Dahua, Danacoid, Harman, Jabra, Kramer, Lenovo, Leyard, Planar, MaxHub, Sennheiser, Shure, Unilumin, Vega and many more. This year’s Show will feature more than 40 first-time exhibitors, including Akusanet, AVCIT, BARCO,Dahua, Danacoid, Datapath, Hikvision, ScreenBeam, Sennheiser, Unilumin andYeastar.

LEARNING PLATFORMS: Deeper Insights with Summits and Technical Tour

InfoComm Asia presents InfoComm Asia Summit and NIXT Summit – the former being the pre-eminent educational platform for everything AV, and the latter providing a peak into how industries are engaging the power of emerging tech to secure their future. This year, delegates will have access to some 35 free-to-attend sessions. Professional AV and Transformative Solutions experts and industry leaders will deliver these sessions across different tracks, each with a distinct focus.

Visitors will also have the opportunity to join the popular AV Technical Tour to see in-person digital signage systems installed within the newly-constructed QSNCC.

PRE-SHOW: Discover the solutions you are looking for, even before you arrive at the Show

To help solution-seekers make their time at InfoComm Asia 2023 efficient and productive, a series of engagement tools on the Show website facilitate self-personalized engagement with solution providers. The comprehensive tools include an intuitive solution matching system, the information-rich vBooth (every exhibitor has a one-page microsite to showcase their full and on-show offerings), a business card drop function and a meeting appointment scheduler.

REGISTRATION IS OPEN: Admission is Free

One of the world’s most attractive destinations, Bangkok, Thailand is all set to host AV and IT Professionals, and vertical market buyers from all over Asia to gather, network and exchange knowledge on the latest AV trends and developments in Asia and beyond. It will also be a treasure trove of solutions for every organization’s needs in preparing themselves for a digital future.

InfoComm Asia 2023 will take place at QSNCC from 24 to 26 May. Admission is free. Visitors can register their visit and get the latest Show updates at www.infocomm-asia.com.

About InfoCommAsia

InfoCommAsia Pte. Ltd. is the region’s preeminent organizer of tradeshows for the Professional AudioVisual (Pro-AV) and Transformative Solutions industries. Through industry-leading shows in China, India and Asia, InfoCommAsia connects global and regional solution providers, vertical market end-users and the supply chain with the most important markets of Asia Pacific.

Additional information is available at:

infocomm-china.com | nixt-china.com | infocomm-india.com | infocomm-asia.com

For more information, please contact:

Rest of the World
Angie Eng
Marketing Director
InfoCommAsia Pte Ltd
angieeng@infocommasia.com

Thailand
Kanokwan Sukchaisri
Managing Director
Expo Inter Co., Ltd
kanokwan.infocommasia@expointer.net

Maxim: Society Pass (Nasdaq: SOPA) Compelling Valuation; 4Q22 EBITDA Beats Forecast; Positive on Organic Growth & M&A

Maxim Group LLC (“Maxim”) issues research report on Society Pass Inc. (Nasdaq: SOPA) (“SoPa”), Southeast Asia’s (SEA) next generation, data-driven, loyalty, fintech and e-commerce ecosystem.

Click Here ( https://tinyurl.com/3cakppp on Maxim research website) or Here ( https://tinyurl.com/5fh5vnyr on Society Pass website) to view the full Maxim research report.

Summary Points:

– 4Q22 results highlight early stages of growth – SoPa’s 4Q22 revenue of $2.6M increased significantly from $0.4M in the prior year quarter. Thoughtful Media (TMG) accounted for over 50% of quarterly revenue at $1.4M, followed by Leflair at $0.7M and NusaTrip online ticketing and reservation at $0.5M. SoPa has restructured several of its businesses to improve revenue and profitability and is focusing on the relatively higher margin segments.

– Metrics – SoPa ended ’22 with over 3.3M registered customers and 205K merchants and brands. During 2022, there were over 48K lifestyle purchases, 88K F&B deliveries and 178K travel bookings.

– Diversification – 2022 represented a period of significant diversification with SoPa now operating 6 verticals in 5 countries (Singapore, Vietnam, Philippines, Indonesia, and Thailand). Maxim believes TMG can market SoPa’s other brands and the businesses can be expanded geographically. Maxim has a positive view on the SEA market due to increasing mobile and ecommerce penetration, younger populations, travel coming back, and the opportunity to consolidate smaller companies.

– Outlook – Maxim narrows its EBITDA loss estimate for 2023, primarily due to factoring in better expense control. Maxim expects loyalty points to launch in June ’23, and full year contributions from all announced acquisitions. Maxim has not modeled any contributions from any acquisitions that have not yet been announced or closed, however, it is likely that management will continue to opportunistically acquire companies in their verticals of focus.

– Healthy balance sheet – SoPa ended 2022 with unrestricted cash of $18.9M (representing >1/2 of SoPa’s market cap), down from $23M at the of end of September ’22, and no material amount of debt. In February ’23, SoPa authorised a $2M stock repurchase program. With expense reduction plans and newer businesses, along with the launch of the Loyalty program, Maxim expects the cash burn to decline and that current levels of cash are sufficient to fund organic growth over the next two years.

– Society Pass is in the early stages of building an SEA e-commerce company with six verticals:

1) Lifestyle. Leflair provides luxury goods online in Vietnam. Leflair generated ~$2M in revenue in ’22, up from $500K in ’21. Sales from online ordering was $0.7M in 4Q22, up 73% y/y. Maxim anticipates management will focus on expanding geographically and in other retail categories in 2023. Leflair changed its platform in February 2023 to improve customer experience and drive sales.

2) Digital Advertising. Thoughtful Media Group is a Thailand based social media company acquired in July ’22. Business has been expanded to Vietnam, Indonesia, and Thailand. Digital advertising should have relatively higher margins among SOPA’s other segments, in part due to lower labour costs. In October ’22, TMG signed a partnership with Onlive.site, a live-streaming and digital content channel platform based in Spain. Onlive’s technology allows livestreaming, live video shopping, interactive video and online TV channel platform tools. The company announced the acquisition of More Media, an Indonesia based digital design and branding agency. Revenue in this segment was $1.4M for 4Q22 and $2.6M for the full year. Maxim notes that this only includes one half of results as the deal closed in 3Q22.

3) Online Travel. NusaTrip is an Indonesia based online travel platform acquired in August ’22. Maxim views Online Travel as one of the areas of key focus for growth both organically and through M&A. In February ’23, a partnership was announced with LuxUrban (LUXH – Buy) to drive SE Asian traffic to LuxUrban’s US based hotels. NusaTrip signed an MoU with PT Kerata Cepat Indonesia-China to be the preferred online ticket sales partner for Kereta Cepat Jakarta-Bandung, the first fast train service between Jakarta and Bandung. Revenue was $0.5M for the quarter and $0.7M for the year.

4) Telecom. Acquired June ’22, Gorilla is a Singapore based blockchain telecom offering local and travel e-SIM services. Although a small revenue contributor, it provides blockchain and Web 3.0 technology that can be expanded to other areas, such as social media interactions on websites.

5) Online Food and beverage delivery. Handycart (Vietnam), Pushkart (Philippines), and Mangan (Philippines). F&B is small contributor today but is strategic in terms of users that can be monetized in other verticals. For ’23, Maxim anticipates management will focus on combining their offerings.

6) Loyalty. Loyalty plan was soft launched in June ’22 with a hard launch across all verticals targeted for June ’23. Stripe, a digital wallet, is a partner for payments. While adoption is not certain, Maxim expect Loyalty to be the higher margin of SOPA’s verticals.

– Compelling valuation – reiterate Buy. SOPA trades at an EV/revenue multiple of 0.4x our 2024 revenue estimate with over half of its market cap in cash vs. the peer average of 2.8x. Maxim’s price target is $2.75 supported by our 10-year DCF analysis, which utilizes a 22% discount rate (unchanged), 13x terminal multiple (prior 15x), and 3% terminal growth rate (unchanged). This equates to an EV/revenue multiple of 2.0x. A discount to the peer average is warranted, in our view due to SOPA’s smaller size and acquisition integration risk. Our positive outlook is supported by the attractive SE Asian markets and opportunities to consolidate smaller companies.

About Society Pass Inc.

Society Pass completed an initial public offering and began trading on the Nasdaq under the ticker SOPA in November 2021. SOPA shares were added to the Russell 2000 index in December 2021.

SoPa acquires fast growing e-commerce companies and expands its user base across a robust product and service ecosystem. SoPa integrates these complementary businesses through its signature Society Pass fintech platform and circulation of its universal loyalty points or Society Points, which has entered beta testing and is expected to launch broadly at the beginning of 2023. Society Pass loyalty program members earn and redeem Society Points and receive personalised promotions based on SoPa’s data capabilities and understanding of consumer shopping behaviour. SoPa has amassed more than 3.3 million registered consumers and over 205,000 registered merchants and brands. It has invested 2+ years building proprietary IT architecture to effectively scale and support its consumers, merchants, and acquisitions.

Society Pass leverages technology to tailor a more personalised experience for customers in the purchase journey and to transform the entire retail value chain in SEA. SoPa operates Thoughtful Media Group, a Thailand-based, a social commerce-focused, premium digital video multi-platform network; NusaTrip, a leading Indonesia-based Online Travel Agency; Gorilla Networks, a Singapore-based, web3-enabled mobile blockchain network operator; Leflair.com, Vietnam’s leading lifestyle e-commerce platform; Pushkart.ph, a popular grocery delivery company in Philippines; Handycart.vn, a leading online restaurant delivery service based in Vietnam; and Mangan.ph, a leading local restaurant delivery service in Philippines.

Cautionary Note Concerning Forward-Looking Statements

Media Contacts:
PRecious Communications
sopa@preciouscomms.com

Coming soon this April: The MarTech Summit Singapore 2023

The MarTech Summit series aims to bring together the best minds in marketing technology from a range of industries through a number of diverse formats and engaging events.

Here come the 2-day flagship event of The MarTech Summit in Singapore! A brand new speakers line-up and agenda filled with panel discussions, keynote presentations, fireside chats, in-summit roundtables & more. We are splitting into tracks to deep-dive into MarTech latest trends, the power of data-driven marketing as well as customer/client digital experience! Come and join us for a learning and networking experience with the likes of CMOs, Heads, Directors, etc. Register now and get ready to take your marketing game to the next level.

This summit is designed for senior level executives in functions such as:

The MarTech Summit Singapore will be taken place following the motto Accelerate Success with Your MarTech Stack: Leaner, Smarter & Richer. The summit will be held in person on 25 & 26 April 2023 at Raffles City Convention Centre (80 Bras Basah Road, Singapore 189560).

Find out more information at: https://themartechsummit.com/singapore

You can contact us at: hello@themartechsummit.com