Month: April 2023

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Fluence completes 570 MW battery-based energy storage portfolio contributing to SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines

SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines

Fluence completes 570 MW battery-based energy storage portfolio contributing to SMC Global Power’s 1,000 MW Battery Storage Fleet Inauguration in the Philippines.

MANILA, Philippines, April 04, 2023 (GLOBE NEWSWIRE) — Fluence Energy, Inc. (“Fluence”) (NASDAQ: FLNC), a leading global provider of energy storage products and services, and cloud-based software for renewables and storage, announced the completion of a 570 MW battery-based energy storage portfolio supplied to SMC Global Power Holdings Corp. (SMCGP). The announcement was made during an inauguration ceremony held by SMCGP for its 1,000 MW / 1,000 MWh battery-based energy storage fleet in the Philippines.

Hosted by SMCGP Chairman, CEO, and President Ramon S. Ang, the ceremony marked the significance of the company’s 1,000 MW / 1,000 MWh energy storage portfolio as the first and largest within the Southeast Asia region. The SMCGP energy storage portfolio is strategically located across 32 sites throughout the Philippines to provide advanced grid stability as increasing amounts of intermittent renewable energy sources are added to the grid. President Ferdinand “Bongbong” Romualdez Marcos Jr. was joined by Secretary of Energy, Raphael Perpetuo M. Lotilla, Energy Regulatory Commission Chairperson, Monalisa Dimalanta, and several undersecretaries from various government departments of the Philippines. Senior officials from the Embassies of the United States and South Korea were among the foreign dignitaries to attend the event.

SMCGP is one of the biggest power suppliers in the Philippines, playing a significant role in the country’s power industry. As the largest customer of Fluence in the Philippines, SMCGP has been a key contributor in helping the country progress towards the achievement of its climate goals of 35 percent renewable energy generation in 2030 and 50 percent in 2040. Together, Fluence and SMCGP have deployed 570 MW of energy storage across 18 sites. These projects are providing critical grid stability services throughout the National Transmission Network in the Philippines including frequency response, reserve power, and voltage regulation. The deployment of these energy storage systems marks a significant milestone in the clean energy transition journey of the Philippines towards a cleaner, more resilient, and flexible grid.

“The inauguration of SMCGP’s energy storage system fleet is a key milestone for both SMCGP and Fluence in the ASEAN region. Our relationship with SMCGP began in 2018 when they started to explore energy storage and realized its visionary potential for the Philippines,” said Don H. Lee, GM Southeast Asia and East Asia and VP Service, APAC at Fluence. “The Masinloc energy storage project was the first project in the Philippines and one of the first grid-scale projects to enter Commercial Operations in Southeast Asia. Since delivering that project, we successfully passed grid compliance tests with National Grid Corporation of the Philippines (NGCP) in Kabankalan, Malita, Maco, San Manuel, Concepcion, Jasaan, Villanueva, Gamu, and Maapit, just to name a few. Fluence is excited to bring our more than 15 years of team experience together with our reliable and safe products and proven technology to the Philippines, enabling the success of our customers and the country’s energy transition.”

About Fluence

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader in energy storage products and services, and cloud-based software for renewables and storage. With a presence in over 40 markets globally, Fluence provides an ecosystem of offerings to drive the clean energy transition, including modular, scalable energy storage products, comprehensive service offerings, and the Fluence IQ Platform, which delivers AI-enabled SaaS products for managing and optimizing renewables and storage from any provider. The Company is transforming the way we power our world by helping customers create more resilient and sustainable electric grids.

For more information, visit our website, or follow us on LinkedIn or Twitter. To stay up to date on the latest industry insights, sign up for Fluence’s Full Potential Blog.

Forward-Looking Statements

The statements described herein that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the operational performance of SMCGP’s Battery-based Energy Storage sites. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “may,” “possible,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “targets,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative of these terms or other similar expressions. and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, such factors set forth under Part I, Item 1A. “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended September 30, 2022, filed with the Securities and Exchange Commission (“SEC”) on December 14, 2022 and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact

Adele Zhang, Head of Marketing & Communications, APAC
Email: Adele.Zhang@fluenceenergy.com
Phone: +61 406529688

Analyst Contact

Lexington May, Vice President of Investor Relations
Email: investorrelations@fluenceenergy.com
Phone: +1 (713) 909-5629

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b7b4e01d-fad9-4e88-ba69-e68490f173cc

GlobeNewswire Distribution ID 8801413

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Decision Intelligence Leader & AI Innovator Quantexa Raises Valuation to $1.8 Billion With Completion of Series E Funding Round

GIC leads funding round of $129 million with Warburg Pincus, Dawn Capital and other existing investors participating

Quantexa joins elite group of UK tech companies reaching breakout Unicorn status

LONDON and NEW YORK, April 04, 2023 (GLOBE NEWSWIRE) — Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced today that it has completed a $129 million Series E funding round. The latest investment round secures the British tech company’s unicorn status with a valuation of $1.8 billion and will accelerate the execution of its growth strategy within the *$230bn Decision Intelligence category.

The round was led by GIC, a global institutional investor, and existing investors also participated, including Warburg Pincus, Dawn Capital, British Patient Capital, Evolution Equity Partners, HSBC, BNY Mellon, ABN AMRO Ventures, and AlbionVC. This investment comes less than 18 months after Quantexa closed its $157 million Series D funding round in July 2021 and just weeks after its acquisition of Aylien, a Dublin-based leader in natural language processing (NLP) and advanced AI.

In what has been a difficult period for many tech companies, Quantexa continues to post impressive growth, having grown their ARR over 100% since closing their Series D round. In the same time period, Quantexa has seen robust growth in all regions, including a breakout performance in North America, with an increase in ARR of over 180%.

The success comes on the heels of Quantexa’s continued geographic expansion efforts which has seen the company grow from 500 to 650 employees over the past year and open new offices in New York City, the UAE, Amsterdam, and a new Technology and Analytics Hub in Malaga Tech Park, Spain, in November 2022. This new capital will ensure that Quantexa continues to grow its global presence and invest in its world-class engineering talent.

Quantexa also plans to use the funding to boost technology innovation efforts and strengthen its Decision Intelligence Platform capabilities in low-code data fusion, graph analytics, machine learning (ML), natural language processing (NLP) and artificial intelligence (AI). Additionally, Quantexa will increase focus on accelerating joint go-to-market efforts with its flagship partners which include Google, Moody’s, Accenture, KPMG, Deloitte, and EY.

Deployed in more than 70 countries, thousands of users across banking, insurance, telecoms industries, and within public sector, rely on Quantexa’s outcome-driven solutions to protect, optimize, and grow their organizations. Quantexa’s growing customer-base includes BNY Mellon, HSBC, Standard Chartered, Danske Bank, Vodafone, and The Public Sector Fraud Authority in the UK Cabinet Office.

Vishal Marria, CEO of Quantexa said, “After closing our Series D investment round, Quantexa has been on a transformational journey, accelerating the growth of our global software business and firmly establishing our leadership position in the emerging Decision Intelligence category. In a challenging market we have doubled our ARR, our user base, and continue to penetrate new markets and industries. This infusion of capital will fuel further innovation, diversification, and expansion, and opens exciting options for our future.

“It’s a real testament to our vision and trajectory to have such a significant contribution from our new investor, GIC and the majority of our Series D investors – in our latest round. We warmly welcome GIC and thank our existing investors for their continued confidence in our ability to generate growth and accelerate the path to profitability.”

*Total addressable market (TAM) estimate is based on Quantexa proprietary research with data from sources including IDC, Chartis, GreySpark (GS), Allied Market Research, and Inkwood Research.

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 600 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial future. As the manager of Singapore’s foreign reserves, GIC takes a long-term, disciplined approach to investing and is uniquely positioned across a wide range of asset classes and active strategies globally. These include equities, fixed income, real estate, private equity, venture capital and infrastructure. Its long-term approach, multi-asset capabilities and global connectivity enable it to be an investor of choice. GIC seeks to add meaningful value to its investments. Headquartered in Singapore, GIC has a global talent force of over 1,900 people in 11 key financial cities and has investments in over 40 countries. For more information, please visit www.gic.com.sg or follow on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000802066

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CORRECTION – Evident Acquired by Bain Capital: Partnership to Accelerate Future Growth and Innovation

TOKYO, April 03, 2023 (GLOBE NEWSWIRE) — In a release issued under the same headline earlier today by Evident Corporation, please note that the titles of Yuji Sugimoto and Stephen Thomas have been corrected to Partner, and the spelling of Stephen Thomas’s name has been revised. The corrected release follows:

Evident Corporation (“Evident”) announced today that it has been acquired by private equity firm Bain Capital Private Equity (“Bain Capital”) from Olympus Corporation (“Olympus”) pursuant to the definitive agreement signed on August 29, 2022.

Evident was newly established on April 1, 2022 as a wholly owned subsidiary of Olympus comprising the former Scientific Solutions business conducted by Olympus. Headquartered in Tokyo, Japan, Evident conducts business in 24 countries worldwide with more than 4,300 employees.

Supported by Bain Capital, Evident will attain a higher level of agility and faster decision-making to drive innovation-based growth in the life science and industrial markets. Building on a history of more than 100 years of innovation in imaging, instrumentation, and measurement solutions, Evident plans to further expand its portfolio of world-class products, solutions, and services.

Yoshitake Saito, the President and CEO of Evident said “We are very excited about our partnership with Bain Capital because we are convinced that it will enable us to even more strongly fulfill our purpose of becoming a preferred workflow solution partner for a broad range of customers in the life science and industrial markets.”

Yuji Sugimoto, Partner of Bain Capital in Japan, said “Bain Capital is committed to supporting Evident on its sustainable growth path to allow the company to foster an accelerated innovation process.”

Stephen Thomas, Partner of Bain Capital in North America, added “Evident is at the frontier of digital optical technology in the life science and industrial end markets, and has great potential to expand into new products, new customers, and new markets as an independent company.”

About EVIDENT

At Evident, we are guided by the scientific spirit—innovation and exploration are at the heart of what we do. Committed to making people’s lives healthier, safer, and more fulfilling, we support our customers with solutions that solve their challenges and advance their work—whether it’s researching medical breakthroughs, inspecting infrastructure, or exposing hidden toxins in consumer products.

Evident Industrial’s solutions range from microscopes and videoscopes to nondestructive testing equipment and X-ray analyzers for maintenance, manufacturing, and environmental applications. Backed by state-of-the-art technologies, Evident’s products are widely used for quality control, inspection, and measurement.

Evident Life Science empowers scientists and researchers through collaboration and cutting-edge life science solutions. Dedicated to meeting the challenges and supporting the evolving needs of its customers, Evident Life Science advances a comprehensive range of microscopes for pathology, hematology, IVF, and other clinical applications as well as for research and education.

For more information, visit www.EvidentScientific.com

About Bain Capital Private Equity

Bain Capital Private Equity has partnered closely with management teams to provide the strategic resources that build great companies and help them thrive since its founding in 1984. Bain Capital Private Equity’s global team of more than 280 investment professionals creates value for its portfolio companies through its global platform and depth of expertise in key vertical industries including healthcare, consumer/retail, financial and business services, industrials, and technology, media and telecommunications. Bain Capital has 23 offices on four continents. The firm has made primary or add-on investments in more than 1,100 companies since its inception. In addition to private equity, Bain Capital invests across multiple asset classes, including credit, public equity, venture capital and real estate, managing approximately $160 billion in total assets and leveraging the firm’s shared platform to capture opportunities in strategic areas of focus.

For more information, please visit www.baincapitalprivateequity.com.

Media Contact:
Tobias Ruckes, Global Corporate Communications
Tobias.Ruckes@EvidentScientific.com

GlobeNewswire Distribution ID 8801034

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April cosmic wonders to feature Mercury, eclipse and shooting stars

Astronomy buffs in Taiwan can look forward to promising celestial events throughout April — including a brighter-than-usual Mercury, a partial solar eclipse and a meteor shower — according to Taipei Astronomical Museum last week.

Mercury, which is often elusive because it is closest to the sun, will become brighter and well-separated from the star on April 12, the museum said.

That is when the planet is at its greatest elongation — as far as it ever gets from the sun as seen from Earth — the museum explained, advising stargazers to look west soon after sunset.

Meanwhile, a partial solar eclipse will take place on April 20, with those in southern Taiwan treated to a better view thanks to its proximity to the path of totality, which passes over parts of Indonesia and Australia, the museum said.

The eclipse will begin at 1:10 p.m. and last 36 minutes, with roughly 10 percent of the sun’s surface blocked at its peak, according to the museum.

Weather permitting, the phenomenon, described in ancient China as “a skydog swallowing the sun,” will be visible to the naked eye across the island, the museum said.

The event is rather rare as the next solar eclipse of any kind will not take place until 2030, it said, while cautioning sun gazers to wear protective glasses when viewing the partial solar eclipse.

Finally, the Lyrid meteor shower peaks on April 23, the museum said.

Skywatchers can expect to see dozens of bright shooting stars per hour during the peak period thanks to little interference from a crescent moon, according to the museum.

The meteor shower gets its name because its radiant is located near Alpha Lyrae, the brightest star in the constellation Lyra.

Source: Focus Taiwan

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Weather to turn cooler, rainy in northern Taiwan from Thursday

Temperatures will remain warm across much of Taiwan on Wednesday, but an incoming weather system will bring cooler weather and scattered rain showers in northern areas as the country returns from a long holiday weekend on Thursday, according to the Central Weather Bureau (CWB).

Daytime temperatures will reach 30-32 degrees Celsius in western Taiwan on Wednesday, with mostly cloudy to sunny skies forecast except in the north and the east, where there is a possibility of sporadic rain, CWB forecaster Yeh Chih-chun (???) told CNA.

From Thursday, however, an incoming weather front will cause temperatures to drop slightly nationwide, while bringing scattered rain showers to the north, according to Yeh.

As the front settles in on Friday, there is a chance of rain across Taiwan and temperatures in the north will turn noticeably colder, with daytime highs remaining around 19-22 degrees and overnight lows dropping to 16-17 degrees, Yeh said.

Temperatures will start gradually warming again from Sunday, with dry and mostly sunny conditions forecast for the beginning of next week, the CWB’s extended forecast shows.

Meanwhile, Yeh said, the CWB is currently tracking a weather system developing in waters near Guam, which could potentially strengthen into a tropical depression by this weekend.

Although the disturbance appears unlikely to become a tropical storm, if it does, it would be the first such storm in the Northwest Pacific Ocean this year, Yeh said.

Source: Focus Taiwan

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Terry Gou stresses technology as key to future in U.S. speech

Terry Gou (???), founder of Taiwan-based manufacturing giant Hon Hai Precision Industry Co., known as Foxconn globally, emphasized the importance of technology when he met with overseas Taiwanese in Los Angeles on Monday.

“(Whoever) stays on top of technology stays on top of the future,” he told those present, before wrapping up his trip to the U.S., four days earlier than expected.

Gou’s office said previously that he was scheduled to visit the U.S. from March 27 to April 7 in a bid to build a cooperation framework between Taiwan and the U.S. because he is concerned about the economic challenges and rapid changes in technology facing the world at a time of growing uncertainty.

During the gathering in Los Angeles, Gou did not explain why he decided to shorten the trip or take media questions on whether he will run for the 2024 presidential election in Taiwan.

However, he did say that Taiwan needs to focus on technology and economy to have a better future.

Gou also mentioned his dinner with OpenAI Chief Executive Officer Sam Altman and their discussions about artificial intelligence and ChatGPT, a generative AI tool capable of creating natural text based on prompts from the user.

Gou said he had invited Altman to visit Taiwan by mid-June.

Gou’s trip to the U.S. has drawn the attention of Taiwanese media as he has expressed an interest in returning to the opposition Kuomintang (KMT) to vie for its 2024 presidential race nomination.

Taiwan’s presidential hopefuls often take overseas trips, mostly to the U.S., to establish their foreign policy credentials early in a bid for office.

Source: Focus Taiwan

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Fixed investment in 2022 tops NT$6 trillion for first time in Taiwan

Fixed investment in Taiwan passed the NT$6 trillion (US$197 billion) mark for the first time in 2022, up more than 6 percent from a year earlier, with semiconductor suppliers keen to expand production and upgrade technologies and firms rushing to invest in 5G applications, according to the Ministry of Economic Affairs (MOEA).

MOEA said the increase in fixed investments also reflected moves by Taiwanese investors which have operations overseas to invest in Taiwan amid escalating tensions between the United States and China.

Data compiled by MOEA’s Department of Statistics showed the country’s fixed investments, referring to the accumulation of physical assets such as machinery, land, buildings, installations, vehicles, or technologies, totaled NT$6.27 trillion in 2022, up 6.2 percent from a year earlier after being adjusted for inflation.

From 2018-2022, fixed investment in Taiwan grew at a compound annual growth rate (CAGR) of 8.2 percent, well beyond the CAGR of 3.3 percent from 2013-2017, MOEA said.

In 2022, fixed investments accounted for 27.6 percent of Taiwan’s gross domestic product, up from 26.1 percent in 2021. With investment in Taiwan on the rise, the ratio was the highest since 1994, MOEA said.

Taiwan’s fixed investments made up 21.8-27.6 percent of the country’s GDP from 2018-2022, compared with 21.1-22.7 percent from 2013-2017, with the higher ratio over the past five years, indicating fixed investment served as a driver to local economic growth, the ministry said.

In 2022, MOEA data showed, semiconductor suppliers poured about US$36.3 billion into production equipment imports, up 13.1 percent from a year earlier. In addition, the US$36.3 billion accounted for 48.3 percent, the highest ever of Taiwan’s total capital equipment imports worth US$75.3 billion in 2022, indicating tech companies are keen to expand production and upgrade technology.

MOEA said the private sector served as the major source of fixed investment in Taiwan, adding that since 2014, private companies have accounted for more than 80 percent of Taiwan’s fixed investments.

From 2021-2022, the private sector accounted for 84.6 percent of total investment in the wake of an increase in investments by the semiconductor industry, while the public sector accounted for just 15.4 percent in 2022, MOEA said.

The manufacturing sector was the largest fixed asset investor in Taiwan with fixed investments hitting NT$2.77 trillion in 2021, up 25.7 percent from a year earlier, marking the third consecutive annual record high, while the manufacturing sector made up 48.8 percent of the country’s total fixed investments in 2021, up 5 percentage points from 2017, according to the ministry.

Looking ahead, MOEA said as the global economy faces uncertainty, it is possible enterprises in Taiwan could scale back their investments in 2023.

Source: Focus Taiwan

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CertiK Launches Skynet for Community Web3 Due Diligence Tool

New York, April 03, 2023 (GLOBE NEWSWIRE) —  CertiK, the leading provider of blockchain security solutions, is excited to announce the launch of Skynet for Community, an all-in-one security, due diligence, and insights platform for the Web3 ecosystem. Skynet for Community empowers users, investors, and community members to make informed decisions about Web3 projects by providing a comprehensive set of tools for research, analysis, and monitoring.

With thousands of Web3 projects creating millions of points of data every day, it’s easy to get lost in the noise. Skynet for Community’s rich data-driven insights help users to discover new projects, conduct due diligence on projects of interest, and keep up to date on the latest news and developments in the Web3 space. The platform aggregates a vast amount of data into Web3’s most accessible due diligence tool.

Skynet for Community puts security front and center, with the Security Leaderboard ranking projects according to their Security Score and market performance. The Verified Teams (KYC) Leaderboard lists and ranks projects based on the status of their CertiK KYC Badge, which is awarded to project teams that undergo a rigorous background investigation.

Skynet for Community evaluates the security of Web3 projects through both manual and automated measures. The platform covers the majority of all Web3 projects using transparent metrics, regardless of their relationship with CertiK.

Manual Signal Scores are determined by CertiK’s research analysts and security experts, who evaluate factors such as the quality of whitepapers, documentation, and other fundamental aspects of the project. Automatic Signal Scores are calculated in real-time by the underlying software and monitoring systems, which evaluate website cybersecurity, security incidents, and other factors. The signals are weighted based on their severity or potential impact, and the aggregate of qualitative and quantitative insights makes up the project’s final Security Score.

Skynet for Community also includes tools such as Exchange Analyzer, which allows users to conduct due diligence on centralized exchanges by displaying their on-chain asset holdings; Skynet Alerts, a system that provides timely notifications on rugpulls and exploits in the cryptocurrency space; and Wallet Analyzer, which provides insights on wallet addresses and makes it easy to visualize and decipher on-chain transactions between wallets.

“Skynet for Community is a revolutionary product that leverages CertiK’s expertise in blockchain security to provide an independent, transparent, and comprehensive evaluation of Web3 projects,” said Professor Ronghui Gu, co-founder and CEO of CertiK. “We are excited to launch this product and offer the Web3 community a powerful tool that makes it easy to do your own research.”

The launch of Skynet for Community marks a new era of transparency and accountability for the Web3 world as it provides a comprehensive evaluation of projects’ security in real-time. With its uniquely comprehensive approach of combining manual and automated measures, CertiK’s Security Score provides an independent lens through which all Web3 projects can be evaluated.

To learn more about Skynet Community and to try out the suite of due diligence tools, visit skynet.certik.com or follow along on Twitter at @CertiK and @CertiKCommunity.

About CertiK

CertiK is a pioneer in blockchain security, leveraging best-in-class AI technology and expert manual review to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK secures the Web3 world, by applying cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness. CertiK has audited more than 3,900 Web3 projects and secured hundreds of billions of dollars of market capitalization.

Alnura Belyalova 
Director of PR, Luna PR
alnura@lunapr.io

GlobeNewswire Distribution ID 1000801965

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Acronis Recognized for Growth and Innovation on Frost & Sullivan’s Frost Radar™ for DRaaS

Acronis disaster recovery as a service (DRaaS) recognized for its growth potential and insight in renowned analyst report

Acronis Cyber Protection

Acronis Recognized for Growth and Innovation on Frost & Sullivan’s Frost Radar™ for DRaaS

BURLINGTON, Mass., April 03, 2023 (GLOBE NEWSWIRE) — Acronis, a global leader in cyber protection, earned a distinction of “Company to Action” in Frost & Sullivan’s “Frost Radar™: Disaster Recovery as a Service, 2022” report. In a field of 12 other competitors, Acronis is placed prominently within the upper quadrant of growth and innovation. This placement praises Acronis as a company “to be considered first for investment, partnerships, or benchmarking.”

The Frost Radar is a benchmarking system and ratings report released yearly by Frost & Sullivan, a growth consulting firm. The DRaaS Radar, which was issued in November 2022, recognizes organizations that are best poised to take advantage of growth opportunities in their respective industries. Earning a plot on the radar means that the vendor demonstrates excellence in the following categories: growth potential, best practices, competitive intensity, customer value, and partner potential.

Along the Innovation X-axis, companies are graded on their understanding of disruptive trends and their ability to develop solutions to challenge those trends. The Growth Index along the Y-axis measures revenue, market share, vision, sales, and marketing. The chart represents a company’s track record of growth and showcases its healthy pipeline and sound vision to continue expanding its innovation.

In this evaluation, the Frost Radar compared the merits of disaster recovery as a service (DRaaS) providers. The Frost Radar highlighted Acronis Cyber Protect Cloud as a triumph in innovation, especially its advanced protection packs that enable customers to customize and expand their services. Adding powerful components based on a customer or service provider’s specific needs allows users to strengthen their services and control costs. The report also applauded Acronis for its skyrocketing recent growth: 260% year-over-year from 2021. Acronis’ heavy focus on investing in the partner ecosystem with attractive incentive programs that increase sales in the channel, along with the company’s successful acquisition history were other positive ticks in the growth category.

“We’re honored to receive the ‘Company to Action’ recognition in Front & Sullivan’s Frost Radar DRaaS report, but in the spirit of the benchmark, we’re not going to rest on our laurels,” said Candid Wüest, VP of Research at Acronis. “We’ll continue to innovate our products and partner programs to trailblaze in the cyber protection and DRaaS industries.”

The latest Acronis Cyberthreats Report: Year-end 2022 found that ransomware gangs were adding 200–300 new victims each month during the second half of 2022 as ransomware continues to be the number-one threat to big and medium-sized businesses. With ransomware incidents increasing 25% over the last five years and 40% of ransomware attacks leading to a criminal payday, fast-acting and effective DRaaS is crucial to any compliant and secure corporate cyber protocol.1

“The phrase ‘instrumental in advancing the industry into the future’ is what stuck out to me and excites me the most about the report,” added Wüest. “As long as cybercrime exists, there will still be work to be done. We hope to continue to push ourselves and our contemporaries to advance the DRaaS industry.”

Read the full “Frost Radar: Disaster Recovery as a Service, 2022” report, visit: https://www.acronis.com/en-us/lp/frost-report-dr/

Learn more about Acronis’ all-in-one cyber protection for service providers, businesses, and individuals at Acronis.com.

1Verizon, “2022 Data Breach Investigations Report”

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has more than 2,000 employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 18,000 service providers to protect over 750,000 businesses.

Acronis Media Contact:
Karl Bateson
Karl.Bateson@acronis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dc421933-9c85-44ab-8f84-330b8d825cb4

GlobeNewswire Distribution ID 8799925

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One Duck Creek Summit to celebrate its efforts across connection, culture and community

Boston, April 03, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, will host the One Duck Creek Summit, April 4-6, 2023, in Boston, Massachusetts, bringing leaders together to focus on connection, culture and community. The global attendees are credited for leading the various critical initiatives and programs that make Duck Creek a culture champion in the insurance and technology industries.

The diverse collection of people in attendance will spend their time together reflecting on past initiatives and planning future endeavors and setting goals to continue building upon the award-winning culture at Duck Creek. The One Duck Creek Summit will be kicked off by CEO Mike Jackowski, who will emphasize the significance of advancing strong company values around diversity, equity and inclusion (DE&I) and a positive employee experience at its core. Members of the Diversity Council, Employee Experience Council and six Employee Resource Groups (ERGs) will be joined by Nancy Harrington Jones, the first ever Chief Culture & Conduct Officer at Société Générale Americas, Isis Miller, a community and engagement manager, and KeyAnna Schmiedl, a Fortune 40-Under-40 social and environmental impact leader. These speakers will discuss career learnings, ERG insights and best practices, and equity, belonging, culture and how each impacts employee experience.

“We are excited to be joined at our headquarters in Boston by Ducks from India, the UK and the US, who are essential at making our various initiatives and programs so successful,” said Amy Bayer, Global Director, DE&I, Engagement & Culture. “The impact of our outreach across DE&I and employee engagement has created a culture of belonging and inclusion at Duck Creek. We always strive to be trailblazers in the insurance and technology industry.”

“Duck Creek recognizes and celebrates the different backgrounds, ideas and experiences of our employees, who enable us to serve our customers,” says Courtney Townsend, Chief People Officer at Duck Creek. “Duck Creek is a flexible-first, global workplace that cultivates exceptional employee experiences and growth opportunities. At our core, we are fanatical about belonging and inclusion.”

 

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1 (201) 962-6091
carley.bunch@duckcreek.com

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