Day: July 13, 2021

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Africa MENA Press Releases South Africa

Bambu acquires investment management technology provider Tradesocio to accelerate global growth

The acquisition of Tradesocio will extend Bambu’s digital wealth capabilities, doubling the number of employees to 130 and further accelerating global expansion

SINGAPORE, July 13, 2021 /PRNewswire/ — Bambu is pleased to announce the acquisition of Tradesocio, a WealthTech company with 65 employees, specialising in investment management and trading technologies with offices in Singapore, India, and Dubai. This acquisition significantly strengthens the combined business’ competitiveness globally. Bambu will have a presence in all major financial hubs and expanded digital wealth capabilities covering stock trading and cryptocurrencies.

Bambu acquires investment management technology provider Tradesocio to accelerate global growth.

Through the acquisition, Tradesocio brings years of experience delivering and operating high-volume trading platforms across various asset classes. The acquisition puts Bambu in a unique position that will provide customers greater agency through broader system capabilities that go beyond the offerings of existing robo advisor platforms. In addition, Tradesocio’s presence across EMEA and India, along with an existing portfolio of clients, is set to further Bambu’s reach in a rapidly expanding and evolving global digital wealth market.

Ned Phillips, CEO of Bambu, said, “After five years of building solid foundations, Bambu is now entering a phase of rapid growth. This deal helps us in three key areas: it expands our product offering into stocks and crypto, it gives us a wider global footprint and enables us to scale our team effectively to match exponential demand. We believe this positions us well for our Series C and ambitions of becoming the global leader in WealthTech.”

This is unlikely to be Bambu’s last acquisition as they foresee acquiring more companies that strengthen their product mix and global reach to impact the digital wealth industry.

About Bambu

Bambu is a leading global digital wealth technology provider for financial institutions. We enable companies to make saving and investing simple and intelligent for their clients. The cloud-based platform is powered by our proprietary algorithms and machine learning tools. The company serves over 20 financial institutions globally. Founded in 2016, Bambu is headquartered in Singapore with a subsidiary in the United Kingdom and the United States and EMEA representatives. For more information, visit https://bambu.co/ and follow us on LinkedIn and Twitter.

About Tradesocio

Tradesocio provides Digital Technology that helps Financial Investment institutions manage, offer and access secure and profitable financial services. We allow financial institutions to attract a wider clientele, ranging from the retail to the high-net-worth institutional investor, and offer them access to a variety of financial services, bringing equal opportunities to the world. We offer tailored digital investment management solutions to the wider investment management community that are reducing costs and increasing revenue potential.

We provide the complete end-to-end financial management solution, from development, hosting and maintenance, to security and post-sales technical support.

Photo – https://mma.prnewswire.com/media/1571703/Bambu_acquires_investment_management_technology_provider_Tradesocio_accelerate_global_growth.jpg

Categories
Africa MENA Pakistan Press Releases South Africa

Martin Bernstein Joins Synchronoss Board of Directors

B. Riley Executive Brings Strong Financial Acumen to the Board

BRIDGEWATER, N.J., July 12, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital solutions, is pleased to announce that Martin Bernstein has joined its Board of Directors, effective immediately.

Bernstein was appointed to the Board in connection with the recent recapitalization of Synchronoss, and serves as a representative of B. Riley Financial, Inc. (NASDAQ: RILY) (B. Riley), the company’s largest shareholder.

“On behalf of our entire Board, I am pleased to welcome Marty to our team,” said Stephen Waldis, Founder and Executive Chairman of the Synchronoss Board of Directors. “Marty’s extensive experience in capital allocation strategies, corporate governance and financing will serve our organization well. I have no doubt that his impressive knowledge and extraordinary track record will not only benefit our already strong board, but I fully expect his impact will be key to helping Synchronoss achieve its strategic growth objectives.”

Bernstein represents B. Riley Principal Investments, an affiliate of B. Riley that makes direct investments in companies with proven platform technologies with significant near-term growth potential. He currently serves as Head of Private Investments at B. Riley and is responsible for sourcing, underwriting and managing company investments in addition to leading distribution to the firm’s syndication partners. Bernstein has extensive experience leading investments across technology, transportation, automotive, aerospace, manufacturing, power, infrastructure, and other sectors.

Bernstein commented, “It is an honor to join the Synchronoss board after working closely with Steve, Jeff, and the entire Synchronoss team on the recent recapitalization. I share management’s excitement and vision for the company, rooted in continued innovation and a best-in-class suite of white label products for leading telecom customers. We believe the Synchronoss business is at an inflection point and is well-positioned to execute on its growth strategy following the refinancing. I look forward to continuing to work with the team as a member of the board as we endeavor to create value for stakeholders and customers.”

Prior to joining B. Riley in March 2021, Bernstein was with Anchorage Capital responsible for leading investments across capital structures, including public equities, private equity, performing credit, bank debt and distressed debt, and restructuring situations. He previously worked as an analyst at Bocage Capital, and was on the investment team for the endowment at Howard Hughes Medical Institute. Bernstein earned an AB in history from Dartmouth College. He is based in Connecticut.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

Contacts

Media
Anais Merlin, CCgroup (International)
Diane Rose, CCgroup (North America)
synchronoss@ccgrouppr.com

Investors
Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc.
investor@synchronoss.com

Categories
Arabic MENA Press Releases

‫ YuppTV تطلق أقوى منصة بث “SonyLIV” في الأسواق العالمية

ستُذاع برامج SonyLIV  الأصلية المميزة والبرامج التلفزيونية عبر YuppTV  في المملكة المتحدة وأستراليا وكندا ونيوزيلندا والشرق الأوسط وأوروبا

أتلانتا، 13 يوليو/تموز 2021 /PRNewswire/ — أطلقت منصة YuppTV -التي تُعد المنصة الرائدة على مستوى العالم في بث المحتوى الجنوب آسيوي عبر الإنترنت- SonyLIV في المملكة المتحدة وأستراليا وكندا ونيوزيلندا والشرق الأوسط وأوروبا بتاريخ 1يوليو/تموز. وتتيح هذه المنصة للمشاهدين مشاهدة مجموعة متنوعة من المحتويات الترفيهية بمختلف اللغات الأصلية، كالأفلام الأصلية الشهيرة والبرامج التلفزيونية ومختلف فئات الأفلام.

YuppTV SonyLIV Logo

كما توفر SonyLIV مجموعة متنوعة من محتويات الفيديو حسب الطلب (VOD) بما في ذلك برامج SonyLIV الأصلية المميزة وأبرز البرامج التلفزيونية والأفلام. ومع إطلاق SonyLIV على منصة YuppTV في المملكة المتحدة وأستراليا وكندا ونيوزيلندا والشرق الأوسط وأوروبا، سيتمكن مستخدمو YuppTV من الاستمتاع بمجموعة واسعة من العروض والأفلام بمختلف الفئات.

علّق السيد Uday Reddy (أوداي ريدي)، مؤسس YuppTV ورئيسها التنفيذي، قائلًا “يسعدنا أن نضيف SonyLIV إلى مكتبتنا الواسعة حتى نتمكن من توسيع نطاق بصمتنا الترفيهية ليشمل المزيد من المشاهدين على مستوى العالم. ونعد مشاهدينا بالاستمتاع بأحدث وأروع الخيارات من SonyLIV عبر منصتنا. وهذه الأسواق توفر إمكانات هائلة لمشاهدي التلفزيون الهندي بدءًا من البرامج الهندية ووصولًا إلى أفلام جنوب الهند. وهذه المنصة ستمثل حلقة الوصل بين كليهما. ولأن YuppTV تثري برامج المنصة بأفضل المحتويات، فإنها تبدي التزامًا شديدًا تجاه مجال البث عبر الإنترنت في السوقين العالمي والهندي.”

وصرّح السيد Manish Aggarwal (مانيش أغاروال)، رئيس قسم النمو وتحقيق الدخل، الأعمال الرقمية، في SonyLIV، “نحن نتطلع بشدة إلى توسيع بصمتنا إلى خارج البلاد وتقديم عدد ضخم من المحتويات الثرية والمتنوعة إلى مجموعات أوسع من الجماهير مع YuppTV. ومن دواعي سرورنا أن نتعاون ونتمكن من مواصلة نقل سمات الترفيه الهندي إلى العالم. وهذا التعاون سيساعدنا على جعل الوصول إلى محتوانا أكثر سهولة وضمان توفير تجربة سلسة لمشاهدينا.”

فحتى العروض الأكثر شهرة مثل ‘Scam 1992 – The Harshad Mehta Story’ (“الاحتيال 1992 – قصة هارشاد ميهتا”) وMaharani (الملكة) وAvrodh (الحاجز)، يمكن للمستخدمين الوصول إلى عدد لا حصر له من برامج SonyLIV عبر منصة YuppTV. كما سيحصل المستخدمون على مجموعة متنوعة من البرامج بمختلف اللغات، مثل الهندية والماراثية والبنغالية، بالإضافة إلى محتويات جنوب الهند المدبلجة باللغة الهندية.

تفضل بزيارة https://www.yupptv.com لمزيد من المعلومات.

 شعار: https://mma.prnewswire.com/media/1571734/YuppTV_SonyLIV_Logo.jpg

Categories
Government Policy

UAE Presidential Advisor begins visit to Washington, DC

Beginning his week-long visit to Washington, Dr. Anwar Gargash, Diplomatic Advisor to UAE President, highlighted the strength and continuity of the UAE-US partnership while intensifying cooperation on pressing global challenges like climate, COVID-19, and nuclear proliferation.

“The US and UAE are close friends and important allies who share the same outlook for a more peaceful and prosperous Middle East,” Dr. Gargash said. “The UAE will work with the US and other allies to pursue diplomatic solutions to our shared challenges.”

In briefings with senior Biden Administration officials, Members of Congress, and foreign policy analysts, Dr. Gargash will reinforce the UAE’s firm commitment to de-escalation and diplomacy in a common quest for a more peaceful and prosperous region. Now representing the UAE before a fourth US President, UAE Ambassador to the United States Yousef Al Otaiba, will join Dr. Gargash throughout his visit.

Dr. Gargash and US officials will also consider ways to deepen cooperation in order to resolve conflicts and address pressing global challenges, such as climate change, global COVID-19 vaccine distribution and economic recovery efforts. Along those lines, increasing bilateral trade and investment is a key priority for the UAE, which is already the US’ largest export destination in the Middle East, and a significant investor in the US.

His visit to Washington will be the first by a senior UAE diplomat since the signing of the Abraham Accords last fall, which normalized UAE relations with Israel. Dr. Gargash will discuss ways to strengthen and expand upon the accords with his US counterparts.

On Thursday, Dr. Gargash, a former UAE Minister of State for Foreign Affairs, will speak at the Johns Hopkins University School of Advanced International Studies (SAIS). UAE Permanent Representative to the United Nations and Assistant Minister for Political Affairs Lana Nusseibeh will join Dr. Gargash at the event to announce a new diplomatic training initiative with SAIS.

Source: Ministry of Foreign Affairs & International Cooperation

Categories
Government Policy

Emirati delegation discusses enhancing cooperation with Estonian officials

A delegation from the UAE, led by Abdulnasser Al Shaali, Assistant Minister for Economic and Trade Affairs at the Ministry of Foreign Affairs and International Cooperation, has visited the Republic of Estonia to explore bilateral trade, investment, and economic opportunities.

The delegation included representatives from the Ministry of Economy, Ministry of Environment and Climate Change, Ministry of Education, Chambers of Commerce and Industry, UAE Space Agency, the Sharjah Investment and Development Authority (Shurooq), and the Fujairah Chamber of Commerce and Industry.

During the three-day visit, Al Shaali underlined the UAE’s aspiration to further build upon its positive relations with Estonia.

“Estonia is an important and rapidly emerging trading partner for the UAE in Europe. We are confident this visit has provided a constructive platform for the further development of our ties with the Estonian public and private sectors. It is clear that significant complementarities exist between the UAE and Estonia across several cutting-edge sectors, which we should seek to leverage to the mutual benefit of both our countries,” he noted.

The UAE delegation convened meetings with several Estonian government officials, including Andres Rundu, Under-Secretary of the Estonian Ministry of Foreign Affairs; Jaan Reinhold, Estonian Ambassador to the UAE; Margus Rava, Head of Business Diplomacy at the Estonian Ministry of Foreign Affairs; Ando Leppiman, Secretary-General at the Ministry of Economic Affairs and Communications; and Daniel Erik Schaer, Commissioner-General of the Estonia Pavilion at Expo 2020 Dubai.

Meetings touched upon the desire of both sides to increase engagement across all areas of the UAE-Estonia trade and economic relations, with a focus on cutting-edge sectors such as artificial intelligence, space, information technologies, as well as sustainable agricultural development.

The two sides also agreed to investigate the establishment of a UAE-Estonia Business Council.

The UAE delegation also participated in the UAE-Estonia Business Seminar and engaged in dialogue with leading Estonian private sector companies, where the substantial investment opportunities that exist in both the UAE and Estonia were highlighted.

The delegation, upon the invitation of the former President of Estonia, Toomas Hendrik Ilves, also participated in the ninth Estonian Friends International Meeting.

Source: Ministry of Foreign Affairs & International Cooperation

Categories
Health

UAE sends 500,000 COVID-19 vaccine doses to Tunisia

The UAE has dispatched an aircraft carrying 500,000 doses of the COVID-19 vaccine to Tunisia to curb the spread of the virus.

This urgent response comes in line with the directives of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to enhance the health conditions of the Tunisian people during the pandemic.

Rashid Mohammed Al Mansouri, UAE Ambassador to Tunisia, stated that the leadership’s directives to send the COVID-19 vaccine doses are in line with the UAE’s support for the Tunisian people during the difficult circumstances Tunisia is facing now as a result of the pandemic.

He added that in November 2020, the UAE sent a plane to Tunisia carrying 11 tonnes of medical diagnostic equipment, ventilators, mobile breathing units and PPE (personal protective equipment) to enhance the efforts of frontline workers.

Earlier this week, His Highness Sheikh Mohamed bin Zayed received a phone call from President Kais Saied of Tunisia, wherein they discussed the latest developments of COVID-19 and its health, humanitarian and social impacts.

Source: Ministry of Foreign Affairs & International Cooperation