Category: Pakistan

Chargebee Raises Another $250M to Meet Surging Demand from Growing Subscription and SaaS businesses

Post author By admin
Post date February 1, 2022

Funding led by Tiger Global and Sequoia more than doubles valuation to $3.5B in just 9 months

SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital. This round follows a previous round in April raising $125 million at a $1.4 billion valuation, bringing the total investment in the company to $470 million.

More businesses are becoming or being born as recurring revenue businesses. UBS financial services firm predicts that this “subscription economy” will grow to $1.5 trillion by 2025, more than doubling its current $650 billion estimate. As the market grows, so does the opportunity for Chargebee’s global customer base. The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current and future subscription businesses, as well as strategic corporate growth initiatives.

“We built Chargebee to solve infrastructure issues facing high-growth subscription businesses with a product roadmap laser focused on replacing in-house systems orchestrating the complex parts of revenue intelligence like billing and payments. As subscription offerings continue to rapidly evolve, our focus remains on providing a flexible growth engine to power, capture and understand revenue, all in real time,” said Krish Subramanian, CEO and co-founder of Chargebee. “This round of funding will drive innovation to empower the next generation of businesses leveraging subscription billing models to quickly start, scale and transform.”

Chargebee manages revenue operations for subscription-based businesses ranging from early-stage startups to larger enterprises, including Freshworks, Calendly, Doodle and Pret a Manger. Through simple and seamless integrations, Chargebee captures the entire revenue lifecycle from first interaction to the closing of the books each month, empowering teams to make business growth decisions with confidence.

“We believe every company will be a subscription company in the future. The predictability of a subscription business model is extremely attractive, and Chargebee is the leading revenue management partner for the subscription economy. Its platform offers customers a real-time 360-degree view into revenues and user behavior and the intelligence they can use to quickly adapt and make better business decisions. Sequoia’s investment reflects the growing market need and belief in the Chargebee team,” said Tejeshwi Sharma, MD, Sequoia India.

The company recently expanded offerings to build a unified revenue management platform with strategic acquisitions of leaders in revenue recognition (RevLock) and churn deflection and retention (Brightback). In the last year, the platform also added capabilities to optimize revenue growth with new payment methods and gateways, support for one-time payments to meet local tax and e-voicing regulatory and compliance requirements, enhanced reporting and analytics and updated integrations with ERPs (Netsuite and Microsoft Dynamics) and CRMs (Hubspot and Zoho) to support more complex sales motions. The company has also expanded globally with new offices and investments in Australia and India and partnerships with industry leaders including GoCardless, Salesforce, Hubspot and PayPal.

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com

Media Contact
Penny Desatnik
penny@chargebee.com

Africa MENA Pakistan Press Releases South Africa

Lantronix Launches Application-Specific Industrial IoT Solutions Based on Its New G520 Series Cellular Gateways

Post author By admin
Post date February 1, 2022

Solutions target three verticals: Industry 4.0, Security and Transport

IRVINE, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced its launch of application-specific industrial IoT solutions that address concerns in Industry 4.0, Security and Transport markets with its G520 Series Smart cellular IoT devices and services. Now available are the G520 Industrial, a competitive cellular industrial protocol converter router; and G520 Security, a high-speed LTE CAT13 and 5G communication router to reduce cybersecurity threats. G520 Transport will be launched later in 2022.

The G520 industrial and security gateways offer a complete solution and comes pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management, which increases operational efficiency by providing a single pane from which to manage remote assets. It also comes pre-configured for Lantronix Connectivity Services, which provide North American and global cellular data plans and VPN security with an easy-to-use cloud platform to manage SIMs and services.

“In response to the rapidly growing Industrial IoT market, Lantronix delivers competitive solutions that address and solve the market’s challenges,” said Paul Pickle, CEO of Lantronix. “Our offerings of software, hardware and connectivity services provide our customers with the proven integration and ease-of-use needed for success in today’s IoT-driven world.”

According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.

Now available are:

G520 Industrial, which is an industrial-grade competitive Protocol conversion router with LTE communication, multiple interfaces and Fieldbus protocol conversions (e.g., Modbus, DNP3 and IEC) that are provisioned in minutes using the ConsoleFlow platform.
G520 Security, which supports high-speed LTE cat13 and 5G, reducing the possibility of cyberattacks with its dedicated quantum Security chip and Lantronix’s proprietary InfiniShield™ software suite while its small form factor and Power Over Ethernet function simplify deployment.

Coming soon is:

G520 Transport, which delivers the ultimate hybrid solution based on Lantronix’s 25 years of experience in telematics gateways and Wi-Fi mobile routing. With Wi-Fi on vehicle, location base, sensor enabled and CAN bus reading, G520 Transport is an easy-to-deploy and safely managed solution.

For more information, visit https://www.lantronix.com/products/g520/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2021, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

MENA Pakistan Press Releases

Bahrain Secretary General of Higher Education Council – Exemption of RCSI Bahrain graduates from exams to practice medicine in the United Kingdom is a testament to the quality of higher education in Bahrain

Post author By admin
Post date February 1, 2022

Manama, Bahrain, Feb. 01, 2022 (GLOBE NEWSWIRE) — The General Medical Council (GMC) in the United Kingdom has given approval for the medical graduates of the Royal College of Surgeons in Ireland – Medical University of Bahrain (RCSI Bahrain) to apply for registration to practice in the United Kingdom, without having to undertake the Professional and Linguistic Assessments Board (PLAB) licensing examinations. PLAB examinations are administered by the General Medical Council to ensure that doctors who have received qualifications from abroad have the correct level of knowledge and skills to practice medicine in the UK.

RCSI Bahrain medical graduates can now apply for registration with the GMC through the Relevant European Qualification (REQ) pathway, thanks to the recognised medical degree awarded to them under the governance of RCSI in Dublin. This significant milestone will ease the process of accessing internship and postgraduate training opportunities for all RCSI Bahrain medical graduates in the UK, regardless of their nationality. Currently, 170 medical alumni are based in the United Kingdom, either working or training to international standards and availing of extended learning opportunities.

On this occasion, Her Excellency Dr Shaikha Rana bint Isa bin Duaij Al Khalifa, Bahrain’s Secretary General of the Higher Education Council (HEC) and Deputy Chair of the HEC Board of Trustees, affirmed the approval received as global recognition of the quality of higher education in the Kingdom of Bahrain, under the care of His Majesty King Hamad bin Isa Al Khalifa and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. RCSI Bahrain’s achievement also testifies to the policies enforced by the HEC Board of Trustees to advance higher education outcomes, encourage Bahraini institutions to obtain international accreditations for their academic programmes and accomplish the initiatives of the national strategy for higher education.

President of RCSI Bahrain, Professor Sameer Otoom commented, “Providing easier access to medical training in the United Kingdom is of great advantage for the numerous benefits it brings to our students, alumni and all healthcare facilities. Over the years, a number of our alumni have returned to their home country with unparalleled experiences and have made great strides in their fields of expertise. Creating a diverse body of internationally-trained medical professionals will enhance the knowledge base, research and quality of healthcare services for the benefit of all patients in the Gulf Cooperation Council (GCC) countries.”

About RCSI Bahrain

RCSI Bahrain is a constituent university of RCSI, which was established in Dublin, Ireland, in 1784. RCSI Bahrain, an independent private university, opened its doors to a cohort of 28 medical students in 2004. It is a not-for-profit health sciences institution focused on education and research to drive positive change in all areas of human health worldwide. Today, the purpose-built campus is home to a student body of more than 1,300 across Schools of Medicine; Nursing and Midwifery and Postgraduate Studies and Research.

For more information, please visit www.rcsi.com/bahrain

RCSI Bahrain Instagram

RCSI Bahrain Facebook

RCSI Bahrain LinkedIn

Attachments

Doaa Magdy
Royal College of Surgeons in Ireland - Medical University of Bahrain (RCSI Bahrain)
+97316660194  /  +973 39929700
dmagdy@rcsi-mub.com

Africa MENA Pakistan Press Releases South Africa

Sweegen Blazes New Territory in Sugar Reduction with Forward Progress in Brazzein

Post author By admin
Post date February 1, 2022

Rancho Santa Margarita, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Sweegen, a pioneer in wellness ingredient technologies and innovations, announced today the commercialization of its newest advancement in sweetness, the high-intensity sweetener brazzein. Starting this month, food and beverage brands seeking new ways to create better-for-you and reduced sugar products can begin product development activities with Sweegen’s Ultratia™ brazzein.

Samples are ready for brands interested in expanding their sugar reduction toolkits with cost-competitive ingredients to sugar. Brazzein is 500 to 2,000 times sweeter than regular sugar and low-calorie, making it an excellent alternative to sugar, artificial sweeteners, and old generation nature-based sweeteners such as stevia rebaudioside A.

“In 2021, Sweegen launched our Taste Blazer concept, which is a promise to the food and beverage industry that we will help forge a new path for creating truly better-for-you foods,” said Sally Aaron, senior vice president of marketing. “Sweegen’s Ultratia™ brazzein is a key tool to help brands explore entirely new ways to improve the health profile of existing and new products.”

Brazzein is a protein sweetener that promises little to no bitter aftertaste and helps reduce sweet linger, thereby reducing the taste challenges that have historically been a problem in the natural sweetener space. Brazzein is ideal for sugar reduction across various food and beverage applications.

“With Sweegen’s growing and proprietary portfolio of Signature Sweetness Solutions, product developers have more creative possibilities for developing mainstream reduced sugar foods and beverages, as well as innovations for popular diets such as Keto and low-to-no carbohydrate lifestyles,” said Aaron. “With Sweegen’s Ultratia™ brazzein, coupled with our portfolio of advanced stevia sweeteners, and our Flavors for Taste Modulation, featuring bitter blocking technology, brands now have modern tools for creating great-tasting products with consumer appeal,” said Aaron.

The pressure for mainstream food and beverage products to migrate to a healthier sugar and calorie profile has never been greater. Just last month, the World Health Organization (WHO) European Region announced a new, voluntary Member State-led Sugar and Calorie Reduction Network to promote healthier diets and reduce overweight and obesity levels across the European region. The United Kingdom, which will lead the Network in its first three-year term, reports that sugar intake exceeds recommendations across all age groups in the country. The WHO reports that excess sugar consumption is true in many other countries in the European region.

“We’re charting new territory in sugar reduction solutions by bringing Sweegen’s Ultratia™ brazzein to market,” said Steven Chen, chief executive officer.

Brazzein’s extraordinary qualities enable it to join the ranks of other high-intensity sweeteners in a highly competitive way. Still, the quest to scale and commercialize has proven difficult until now. Found sparingly in nature, brazzein derives from the West African climbing plant’s fruit, oubli. To scale brazzein sustainably, Sweegen uses a proprietary precision fermentation process, a technology that produces clean and sustainable ingredients. In addition to scaling the manufacturing process, Sweegen is currently pursuing a range of global regulatory approvals.

“The launch of Sweegen’s Ultratia™ brazzein demonstrates our prioritized commitment to opening access to groundbreaking sugar reduction solutions for the global food and beverage industry,” said Chen. “We envision a better world through the lens of better foods for health and wellness.”

About Sweegen
Sweegen provides sweet taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce the sugar and artificial sweeteners in our global diet. Partnering with customers, we create delicious zero-sugar products that consumers love. Our portfolio has the best modern sweeteners, such as Bestevia® Rebs B, D, E, I, M, and N, and Ultratia™ brazzein, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

For more information, please contact info@sweegen.com and visit Sweegen’s website, www.sweegen.com.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of Sweegen, Inc.

Relevant risks and uncertainties include those referenced in the historic filings of Sweegen, Inc. with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and therefore should be carefully considered. Sweegen, Inc. assumes no obligation to update any forward-looking statements due to new information or future events or developments.

Attachments

Ana Arakelian
Sweegen
949-709-0583
ana.arakelian@sweegen.com

Africa MENA Pakistan Press Releases South Africa

WPP’s Gain Theory Named A Leader in Marketing Measurement and Optimization Solutions

Post author By admin
Post date February 1, 2022

NEW YORK, Jan. 31, 2022 (GLOBE NEWSWIRE) — Gain Theory, a global foresight consultancy that accelerates growth for ambitious brands, has been named a Leader in The Forrester Wave™: Marketing Measurement and Optimization Solutions, Q1 2022.

The Forrester MMO wave evaluates and benchmarks the most significant marketing measurement and optimization providers against current offering, strategy, and market presence. Forrester categorizes providers as either Leaders, Strong Performers, Contenders or Challengers.

The Forrester report states that “Large global enterprises with complex marketing budgets in search of high-touch services should put Gain Theory on their short list” and notes that Gain Theory’s “services offering really shines among the competitive set.”

Gain Theory received the highest scores possible across 13 criteria, defined as superior relative to other vendors in the evaluation. Gain Theory’s highest scores include the use case criteria of ‘Brand Portfolio Management’, ‘Omnichannel Marketing Strategy and Planning’ and ‘Insights Driven Business’. Full marks were also given to Gain Theory in the criteria of ‘Unified Measurement Methodology’, ‘Marketing Strategy Consulting’, ‘Business Strategy Consulting’ and ‘Change Management Consulting’.

Of note is the top mark possible given to Gain Theory in ‘Unified Measurement Methodology’. The report states “Gain Theory’s long-term approach is to advance its planning and optimization recommendations by incorporating more customer behaviors and data signals.”

With regard to Gain Theory’s ability to advise on enterprise-wide business growth levers, top marks were also given in the ‘Business Strategy Consulting” criterion which evaluated vendors’ ability to apply its measurement and optimization capabilities across areas such as customer churn analysis, pricing analysis, demand generation analysis and other functional insights.

“At a time of unprecedented change and uncertainty, organizations need a more holistic and future-facing approach to accelerating growth. We have enabled our clients to do this by activating smart business strategies that fuse hindsight, insight, and foresight. We are delighted about our position as a Leader in Forrester’s Wave report,” said Gain Theory Global CEO, Manjiry Tamhane, “It confirms for us the unique value that we deliver to our clients globally who trust us to focus on what matters the most, simplify the complex at speed, and ultimately make a meaningful difference to their business performance.”

About Gain Theory

Gain Theory is a global foresight consultancy, focused on accelerating growth for ambitious brands.

Our experts in data, advanced analytics, technology and consultancy fuse hindsight, insight, and foresight to improve investment decisions and activate growth at speed.

Available in 62 markets, our award-winning solutions and highly specialized vertical expertise support clients via four measurement and optimization pillars: Foundations for Growth, Data Excellence, Growth Accelerators and Activating for Growth.

To focus on what matters the most for clients, Gain Theory’s proprietary Marketing Effectiveness Index evaluates and benchmarks marketing effectiveness maturity – establishing critical gaps standing in the way of accelerated growth. Built on data, the Marketing Effectiveness Index benchmarks against sector and industry to help inform transformational roadmap priorities.

Gain Theory is a WPP agency (NYSE: WPP).

Find out more at www.gaintheory.com and follow our social channels via LinkedIn or Twitter.

For press queries please contact:
Claudia Sestini
Global CMO, Gain Theory
claudia.sestini@gaintheory.com

MENA Pakistan Press Releases

ROSEN, A TOP RANKED LAW FIRM, Encourages Cloopen Group Holding Limited Investors with Losses to Secure Counsel Before Important February 8 Deadline in Securities Class Action – RAAS

Post author By admin
Post date January 29, 2022

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Cloopen Group Holding Limited (NYSE: RAAS): (i) pursuant and/or traceable to the registration statement and prospectus (collectively, the “Registration Statement”) issued in connection with the Company’s February 2021 initial public offering (the “IPO”); and/or (ii) between February 9, 2021 and May 10, 2021, inclusive (the “Class Period”), of the important February 8, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Cloopen securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Cloopen class action, go to http://www.rosenlegal.com/cases-register-2223.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 8, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers

DETAILS OF THE CASE: According to the lawsuit, the Registration Statement was false and misleading and defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Cloopen’s growth strategy was not working; (2) Cloopen’s existing customers were abandoning the Company; (3) an increasing number of Cloopen’s customers were refusing to pay; (4) as a result, the Company was forced to record massive increases in its accounts receivables and allowance for doubtful accounts; (5) Cloopen was weighed down by huge liabilities related to the fair value of certain recently-granted warrants; (6) defendants continued to misrepresent the Company’s expansion strategy; and (7) Cloopen’s dollar-based net retention rate had tumbled in 4Q 2020. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Cloopen class action, go to http://www.rosenlegal.com/cases-register-2223.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com

MENA Pakistan Press Releases

ROSEN, A GLOBALLY RECOGNIZED FIRM, Encourages FirstCash Holdings, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – FCFS

Post author By admin
Post date January 29, 2022

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of the securities of FirstCash Holdings, Inc. (NASDAQ: FCFS) between February 1, 2018 and November 12, 2021, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 15, 2022.

SO WHAT: If you purchased FirstCash securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the FirstCash class action, go to http://www.rosenlegal.com/cases-register-2219.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 15, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) FirstCash had made more than 3,600 loans to over 1,000 active-duty members of the military and their families at usurious interest rates above 36% – and often exceeding 200% – in violation of the Military Lending Act (“MLA”) and a consent order (the “Order”) with the Consumer Financial Protection Bureau (“CFPB”); (2) FirstCash had failed to implement the remedial measures imposed by the Order; (3) FirstCash’s financial results were, in substantial part, the product of FirstCash’s violations of the MLA and the Order; and (4) as a result, FirstCash was exposed to a material undisclosed risk of legal, reputational, and financial harm if FirstCash’s violations of the MLA and the Order were ever publicly disclosed. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the FirstCash class action, go to http://www.rosenlegal.com/cases-register-2219.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

MENA Pakistan Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Desktop Metal, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – DM

Post author By admin
Post date January 29, 2022

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Desktop Metal, Inc. (NYSE: DM) between March 15, 2021 and November 15, 2021, inclusive (the “Class Period”) of the important February 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Desktop Metal securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Desktop Metal class action, go to http://www.rosenlegal.com/cases-register-2205.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) there were deficiencies in EnvisionTEC’s manufacturing and product compliance practices and procedures; (2) the foregoing deficiencies presented a material risk to the commercialization of EnvisionTEC’s products; and (3) as a result of the foregoing, defendants’ positive statements about Desktop Metal’s business, operations, and prospects were materially misleading and/or lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Desktop Metal class action, go to http://www.rosenlegal.com/cases-register-2205.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Contact Information:

MENA Pakistan Press Releases

ROSEN, GLOBAL INVESTOR COUNSEL, Encourages Arrival SA Investors to Secure Counsel Before Important February 22 Deadline in Securities Class Action – ARVL

Post author By admin
Post date January 29, 2022

NEW YORK, Jan. 29, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Arrival SA (NASDAQ: ARVL) between November 18, 2020 and November 19, 2021, inclusive (the “Class Period”), of the important February 22, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Arrival securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Arrival class action, go to http://www.rosenlegal.com/cases-register-2231.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than February 22, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) Arrival would record a substantially greater net loss and adjusted EBITDA loss in the third quarter of 2021 compared to the third quarter of 2020; (2) Arrival would experience far greater capital and operational expense to operate and deploy its microfactories and manufacture EV vehicles than it had disclosed; (3) Arrival would not capitalize on or achieve profitability or provide meaningful revenue in the time periods disclosed; (4) Arrival would not achieve its disclosed production and sales volumes; (5) Arrival would not meet the disclosed production rollout deadlines; (6) accordingly, Arrival materially overstated its financial and operational position and/or prospects; and (7) as a result, defendants’ public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Arrival class action, go to http://www.rosenlegal.com/cases-register-2231.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

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BigPanda Announces Global Expansion and Midsize Enterprise Presence Fueled by Explosive Demand for AIOps

Post author By admin
Post date January 27, 2022

BigPanda Leverages Recent Investment of $190 Million to Bring in New EMEA Leader and Double-down on New Segments

SAN FRANCISCO, Jan. 27, 2022 (GLOBE NEWSWIRE) — BigPanda, Inc., the leader in AIOps Event Correlation and Automation, today announced the company has opened an office in London, led by Ben Sekhon, to provide on-the-ground support for both existing and new customers across the EMEA region. In addition, BigPanda has created a business unit dedicated to helping address needs from midsize enterprises to scale IT with AIOps.

Intensified Support in EMEA
The EMEA market is on par with the U.S. in terms of AIOps demand, particularly as customers move away from aging on-premises infrastructure towards cloud and cloud-native environments. The business will be led by Ben Sekhon, a 20-year sales veteran who had a successful track record at SAP, Gigya and Experian.

“I am delighted to join BigPanda,” said Ben Sekhon, VP of EMEA Sales and Channels. “EMEA represents a huge addressable market, so the timing of this investment helps us maintain the same level of focus and quality we deliver to our existing customers while addressing the growing demand for BigPanda’s market-leading AIOps platform.”

“We’re very excited to welcome BigPanda to Europe to further build on our relationship and the high level of support the team has already provided,” said Harvey Shaw, Senior IT Director at News Corp. “The company has proven to be a vital partner, and we’re confident that its on-the-ground presence will help us accelerate our AIOps strategy.”

EU Region Platform Availability
To support BigPanda’s EMEA customers, BigPanda is also expanding its platform availability with an instance hosted in Germany. This BigPanda instance will conform to leading international security and privacy standards and address European data residency requirements to store customer data in Europe.

Addressing Demand in Midsize Enterprises
Over the course of several years, BigPanda has built a base of midsize enterprise customers. With the launch of BigPanda University and the continued focus on self-service capabilities within the BigPanda platform, the team is poised to expand its ability to deliver AIOps to the midsize enterprise.

“While a focus for most IT Ops vendors is the largest of enterprises, the reality is that midsize enterprises also need to improve app experiences by scaling through technology, making AIOps a foundational element of their roadmap,” said Isaac Sacolick, President of StarCIO, author, and digital transformation influencer. “In recent research, 70 percent report it typically takes three hours or longer to resolve major incidents, and the right solution leverages AIOps to improve IT performance. BigPanda is putting its energy in all the right places to serve this market segment well.”

BigPanda’s AIOps Turbo Pack is a customized offering that gives IT Ops teams within midsize organizations a quick path to success. It includes flexible, tiered, consumption-based licensing along with a standard set of integrations and implementation services to get them up and running in a matter of weeks. To learn more about the AIOps Turbo Pack for fast-growing IT Ops, please visit BigPanda for Midsize enterprises.

About BigPanda

BigPanda keeps businesses running with AIOps that transform IT data into insight and action. With BigPanda’s AIOps platform, businesses prevent IT outages, improve incident management and deliver extraordinary customer experiences. Without BigPanda, IT Ops, NOC, and DevOps teams struggle with a tsunami of data and highly-manual, reactive incident response processes that are poorly suited for the scale, complexity and velocity of modern IT environments. This results in painful outages, unhappy customers, growing IT headcount and the inability to focus on innovation.

BigPanda’s AIOps Event Correlation and Automation platform helps Fortune 500 enterprises such as Intel, Cisco, United, Abbott, Marriott and Expedia take a giant step towards Autonomous IT Operations. BigPanda is backed by Advent International, Insight Partners, Sequoia Capital, Mayfield, Battery Ventures, Glynn Capital, Mayfield, Greenfield Partners and Pelion. Visit www.bigpanda.io for more information.

Media contact:
Sammy Totah
BOCA Communications for BigPanda
bigpanda@bocacommunications.com