Legal & Compliance

Indian Convention is a platform of B2B conferences and awards ceremonies which are organized annually for the various corporate fields like Marketing, Advertising, HR, Start-Ups and Finance and also in the field of social work specifically related to women.

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‘Art for Freedom’ Invites People’s Participation in a Nationwide Challenge for a Big Social Transformation

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Encouraged by active participation of youth & civil society, #DNAFightsRape–Save the Evidence awareness campaign launches a nationwide creative challenge called ‘Art for Freedom’. The initiative seeks to transform the way our society deals with survivors of rape & sexual violence, shifting the accountability from the survivor to the perpetrator.

Published on : https://www.businesswireindia.com/news/fulldetails/art-freedom-invites-peoples-participation-nationwide-challenge-big-social-transformation/71863

Andersen Global Enters Georgian Market; Adds MG Law Office

Andersen Global Enters Georgian Market; Adds MG Law Office

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San Francisco, United States:  

Andersen Global enters the Georgian market through a Collaboration Agreement with Tbilisi-based law firm MG Law Office, further expanding the organization’s coverage in the region.

 

MG Law, ranked Tier 1 by Legal 500, provides legal services to local and foreign companies, financial institutions, investment funds, governments and public enterprises. Led by its Founder and Managing Partner Archil Giorgadze and Co-Founder Nicola Mariani, the full-service firm focuses on corporate and M&A, banking, finance, energy tax and customs, arbitration and litigation, labor and employment, competition, infrastructure and real estate. The firm’s capabilities also include R&E, trading, blockchain and fintech.

 

“Our track record and our ability to provide best-in-class and innovative solutions with competitive fees adapted to the local market sets us apart from any other firm in Georgia,” Archil said. “Our success is attributed to our diverse group of professionals that have been working together for years and who are some of the market’s leading professionals.”

 

Nicola added, “Our collaboration with Andersen Global was the next logical step for our firm as it connects us and our clients to global resources as we continue to expand our capabilities.”

 

“MG Law leads the market with their unique expertise and experience in international legal advice,” Andersen Global Chairman and Andersen CEO Mark Vorsatz said. “Their commitment to stewardship and client service aligns with our organization’s core values. We look forward to establishing a synergistic relationship with Archil and his team and developing comprehensive solutions for our clients as we continue our expansion in the region.”

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 219 locations through its member firms and collaborating firms.

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/andersen-global-enters-georgian-market-adds-mg-law-office/70640

Andersen Global Enters Armenia

Andersen Global Enters Armenia

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San Francisco, United States:  

Andersen Global initiates expansion in Armenia through a Collaboration Agreement with TK & Partners, a full-service law firm based in Yerevan.

 

The firm, founded in 2012, is led by Office Managing Partner Varoujan Avedikian and operates with five Partners and 17 professionals, serving international and local clients. The firm provides advisory and legal services in the areas of corporate, banking and finance, antitrust and competition, intellectual property, real estate, bankruptcy, tax, energy and labor.

 

“Our firm’s success has been built on our commitment to stewardship and our ambition of being the benchmark organization for quality in the industry,” Varoujan said. “As we plan to expand our international presence and capabilities, our collaboration with Andersen Global opens doors to new growth opportunities as we will be able to provide our clients with tax and legal services that are not confined geographically.”

 

“TK & Partners has grown tremendously and will continue to expand its international presence and capabilities,” Andersen Global Chairman and Andersen CEO Mark Vorsatz said. “Varoujan and his team have a proven track record for innovation and delivering best-in-class services to clients. Our collaboration was not a difficult decision as we were very impressed by their experience, industry knowledge, chemistry and bandwidth, all of which will strengthen our ability to seamlessly deliver the highest quality solutions globally.”

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 213 locations through its member firms and collaborating firms.

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/andersen-global-enters-armenia/70262

Andersen Global Signs Collaboration Agreement with Belarus’ Largest Law Firm

Andersen Global Signs Collaboration Agreement with Belarus’ Largest Law Firm

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San Francisco, United States:  

Andersen Global expands its platform in Eastern Europe with the addition of collaborating firm REVERA, one of the top tier law firms in Belarus, broadening the organization’s coverage as it bolsters its foothold in the region.

 

Founded in 1998, the Minsk-based firm provides corporate, commercial, litigation, labor, antitrust, real estate and intellectual property law, focusing on tax and private client services. Led by Managing Partner Dmitry Arkhipenko, REVERA’s team of more than 50 lawyers represents a number of multinational companies and often participates in Belarus’ legislative process. Additionally, the firm has been recognized by Chambers Europe, Legal 500, IFLR 100 and Best Lawyers.

 

“For over 20 years, our firm has built a respectable reputation through our commitment to stewardship and independence, and our ability to provide clients with best-in-class solutions,” Dmitry said. “We look forward to working with the member firms and collaborating firms of Andersen Global as we continue to build a market-leading global organization.”

 

“Dmitry and his team set the standard for legal services in Belarus and will complement our existing capabilities in Eastern Europe to meet the growing needs of our clients,” Andersen Global Chairman and Andersen CEO Mark Vorsatz said. “This collaboration further represents our commitment to provide synergistic tax and legal services in a seamless manner globally. It is also an important milestone for our expansion strategy in the region and provides a solid platform for future growth as we continue to expand East.”

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 208 locations through its member firms and collaborating firms.

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/andersen-global-signs-collaboration-agreement-with-belarus-largest-law-firm/70004

GLEIF Defines new Validation Agent Role for Banks & Financial Institutions to Simplify and Accelerate Client Lifecycle Management

GLEIF Defines new Validation Agent Role for Banks & Financial Institutions to Simplify and Accelerate Client Lifecycle Management

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Basel, Switzerland:  

The Global Legal Entity Identifier Foundation (GLEIF) has today announced that financial institutions (FIs) worldwide can realize a variety of cost, efficiency and customer experience benefits by assuming a new ‘Validation Agent’ role within the Global LEI System. FIs acting as Validation Agents simplify LEI issuance for their clients, reduce time-to-revenue, and future proof their institutions for digital innovation. The Validation Agent Framework is a new operational model in the Global LEI System.

 

By leveraging their know-your-customer (KYC), anti-money laundering (AML) and other regulated ‘business-as-usual’ onboarding processes, Validation Agents can now obtain an LEI for their customers when verifying a client’s identity during initial onboarding or during a standard client refresh update. Until now, labor intensive and time consuming legal document and data collection procedures, which are conducted as standard to verify the identity of a client entity within a bank’s onboarding process, have been replicated within the Global LEI System by a Local Operating Unit (LOU), as part of the LEI issuance process.

 

By becoming Validation Agents, FIs can spare their clients from these duplicative processes and deliver a faster and more convenient customer experience. Validation Agents can also capitalize on additional opportunities to add client value and achieve market differentiation. By expanding their LEI issuance beyond those that require an LEI for financial compliance, a Validation Agent can equip its whole business client base with globally recognized identities, which can be used across borders with any counterparty or supplier around the world.

 

In addition to these client benefits, the new operating model will allow FIs to enhance their internal data management capabilities and reduce costs. It also paves the way for FIs to expand their usage of the LEI beyond capital markets to encompass all banking business lines, an opportunity anticipated to save the industry U.S.$2-4 billion annually in client onboarding costs alone. Furthermore, widespread usage of the LEI better prepares the FI for the digitization of customer onboarding, payments, transactions, and contract signing. This new level of efficiency created by the Validation Agent role will remove numerous points of redundancy from the LEI issuance process, resulting in a more streamlined Global LEI System which supports GLEIF’s vision for increased voluntary adoption of LEIs by the banking sector across non-regulatory use cases.

 

The Validation Agent Framework has been introduced following extensive consultation with GLEIF’s Globally Important Financial Institutions (GIFI) Relationship Group, which comprises representatives of large banks, global asset management firms, insurance companies, and other FIs. The group facilitates communication between GLEIF, banks, FIs and other key LEI stakeholders and has given its full support to the Framework.

 

“GLEIF is committed to supporting the banking industry’s widespread implementation of the LEI beyond mandated requirements,” comments Stephan Wolf, GLEIF CEO. “The Validation Agent role helps financial institutions to improve their operations and enable their customers to more quickly achieve their desired financial transactions. By becoming Validation Agents financial institutions can streamline, accelerate and diversify their use of the LEI, and ensure their autonomy as they look to digitize their business processes. Considering that from a macro level, broader LEI usage and increasing volumes translate into more efficient financial transactions – from digitally signing contracts to financial markets participation – Validation Agents contribute to growth across the entire ecosystem, which will benefit all financial ecosystem stakeholders, as well as the global economy.

 

“As a next step, GLEIF is actively engaging with the global banking community to support trials of the Validation Agent Framework and to ensure that the Global LEI System continues to meet the sector’s needs. Our LEI issuer network plays an important role in supporting financial institutions to easily connect to the global financial ecosystem. LEI issuers, also known as Local Operating Units (LOUs) bring local knowledge to the Global LEI System and understand the needs of small and mid-sized financial institutions in the jurisdictions in which they operate. Their efforts, combined with GLEIF’s, will undoubtedly generate some interesting pilot projects over the next twelve months, and these will be critical to the advancement of LEI adoption across banking portfolios.”

 

For more information on the Validation Agent role, please visit the GLEIF website.

 

– ENDS –

 

Full resolution images and logos can be downloaded via this link
https://www.gleif.org/en/newsroom/gleif-graphics-images

 

Relevant link
https://www.gleif.org/en

 

Source:
Global Legal Entity Identifier Foundation, St. Alban-Vorstadt 5, 4052 Basel, Switzerland
Chairman of the Board: Steven Joachim, CEO: Stephan Wolf
Commercial-Register-No.: CHE-200.595.965, VAT-No.: CHE-200.595.965MWST
LEI: 506700GE1G29325QX363

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/gleif-defines-new-validation-agent-role-banks-financial-institutions-simplify-accelerate-client-lifecycle-management/69747

AiMeD Unveils Figure of Growth Rate of Indian Medical Device Industry During COVID-19 Pandemic

AiMeD Unveils Figure of Growth Rate of Indian Medical Device Industry During COVID-19 Pandemic

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As India geared up to fight the COVID-19 crisis, the Association of Indian Medical Device Industry relentlessly worked at the fore front to combat the crisis. Mr. Rajiv Nath, Forum Coordinator, AiMED on behalf of the Indian Medical Device industry was in regular consultation with the Govt & assured Commerce Minister, Shri Piyush Goyal & Govt. full support to the Govt’s spirited fight against COVID-19 crisis. Huge efforts were put into increase medical device manufacturing capacity by AiMeD through its Members and beyond by reaching out to Garment Manufacturers, Automakers, Auto Component Manufacturers and Electronic Component Manufacturers as a preparedness for possible unprecedented, unpredictable demands.

 

AiMeD is an Umbrella Association of Indian Manufacturers of Medical Devices covering all types of Medical Devices including Consumables, Disposables, Equipment’s, Instruments, Electronics, Diagnostics, and Implants. With a Primary Membership of over 350 Manufacturers and additionally of over 200 Associate Members representing the interest of over 1200 Manufacturers of Medical Devices however, with over 2000 products AiMeD should be over 7000 factories and bigger than Pharma to address the manufacturer’s problems.

 

Mr. Rajiv Nath recognized that the government interventions under the able leadership of Cabinet Secretary, Shri Rajiv Gauba and DOP Secretary, Dr. P D Vaghela helped the Medical Devices industry scale up production during the pandemic. AiMeD worked closely with Govt. of India i.e. Dept. of Pharmaceuticals, Ministry of Commerce, NPPA & CDSCO etc. as a Facilitator between the Govt. and the Manufacturers of Medical Devices e.g. Gloves, Masks, Sanitizers, Ventilators, Diagnostic & Testing Kits for COVID-19 etc. for ramping up capacity and addressing Production bottlenecks in this National Emergency to fight against COVID-19 pandemic during the complete lockdown period.

 

AiMeD provided the Indian Govt., a single point of contact access to Domestic Manufacturers and on behalf of Manufacturers provided them various services like Advocacy on policy issues, Information services, Regulations for Medical Devices, Education and Training services, Testing Assistance and guidance for Quality Certification (ISO, CE, ICMED QMS), Lobbying for funding for R&D from the Govt, encourage innovations from member units, Improve clinician and patient access to the modern, innovative and reliable Medical Device technologies through organizing and supporting Meetings, Seminars, Symposia, Exhibitions and Demonstration, to promote global harmonization and make India a MedTech superpower & also strengthen India to be the 2nd factory in world for Medical Devices & a dependable Manufacturer of quality products in Global supply chain.

 

The Government of India through its flagship “Make in India” initiative relied heavily on the Indian manufacturers to meet the rising demand of essential healthcare equipment’s for the country, pushing the Indian medical devices sector to become self-reliant especially for the essential 39 COVID Medical Devices. AiMeD worked with QCI to expedite finalization of ICMED Plus Certification as well as with Consultants Consortium to provide online training on Quality Management System Certification to new entrepreneurs from Automakers, Garments, Textile, Auto parts Industry who had ventured into Medical Devices manufacturing to build capacity & capabilities to meet QCIs ICMED Certification and Regulatory Compliance so that they could have confidence to seek Global Certification of CE and US FDA Compliance for enabling Global Competitiveness. 4 batches of over 115 Manufacturers or their representatives were intensely trained over 7 modules over 11 sessions spread over 2 weeks in April &May 2020.

 

Before the outbreak of COVID-19, there were only 20 firms manufacturing 62 lacs PPE kits per year, but within two-three months, the number of manufacturers listed with AiMeD increased to 140 with 25.55 Crore annual capacity.

 

Similarly, the number of Indian firms manufacturing, ventilator manufacturers went up from 8 to 17, mask manufacturers from 30 to 108, swab manufacturers from zero to five and sanitizer manufacturers from 35 to 49 and RT PCR Kit manufacturer from 0 to 8.

 

Find the comparison sheet of the growth rate before & after COVID-19 with annual capacity below:

 

Comparison sheet of the growth rate of Medical Device Industry before & after COVID-19

 

AiMeD ensures convergence at one common platform, when needed, for ensuring overall growth of Indian Medical Devices Industry and further address the needs of all members of the Medical Device Industry irrespective of their affiliation or their company size. It also helps in wider dissemination of information to each player of the industry. AiMeD has been horizontally divided into common working groups like – R&D and Product Development, Legal & Tax Issues, Export Related Issues, Medical Device Regulatory Issues common to all vertical groups of different families of product lines with Zonal Representations and Cluster Heads.

 

“COVID-19 crisis has shown that Indian medical devices sector can rise to the challenge. When imports got disrupted, specific devices detailed with quantified production shortages and a focused Inter-Ministry Group coordinating with domestic manufacturers via AiMeD had addressed production bottlenecks and challenges so that not only capacity got utilized but also ramped up rapidly,” said Mr. Rajiv Nath.

 

About Mr. Rajiv Nath

Mr. Rajiv Nath, Forum Coordinator of the Association of Indian Medical Device Industry (AiMeD) is also the Board Member of Kalam Institute of Healthcare Technology & Member National Medical Device Promotion Council & Ex-Chairman IPC Committee on Medical Device Standard & Chairman – Technical Committee – ICMED Certification by QCI as well as Member of Expert Advisory Group (EAG) for Biomedical Device and Technology Development (BDTD) by Dept. of Science & Technology & Member of Medical Devices – Expert Advisory Group to CDSCO for Regulation in India. He also serves as Advisor to Haryana Govt. and to U.P Govt for their forthcoming Medical Device Park.

 

Mr. Rajiv Nath is also the Managing Director of Hindustan Syringes & Medical Devices Ltd.; Trustee – Safe Point India – a CSR Initiative of HMD (Hindustan Syringes & Medical Devices Ltd.) He is also the President of All India Syringes and Needles Manufacturers Association (AISNMA).

Published By : http://newsvoir.com/index.php?option=com_content&view=release&rid=14730

97% of PeopleSoft Licensees Believe Current Releases Meet Their Needs

97% of PeopleSoft Licensees Believe Current Releases Meet Their Needs

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Las Vegas, United States:  

Rimini Street, Inc. (Nasdaq: RMNI), a global provider of business software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today revealed significant findings from its recent survey of Oracle PeopleSoft licensees, which was conducted to better understand licensees’ software product and release roadmap strategies, current challenges and application support and operating plans. The survey highlights that an overwhelming 97% of respondents believe their current PeopleSoft releases meet all or most of their business needs. Further, many licensees are taking steps to maximize the value and extend the lifespan of their robust and mature current releases, including moving their PeopleSoft software to a cloud hosting platform, utilizing Application Management Services and switching their annual support to third-party support providers like Rimini Street.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200930005176/en/

 

97% of PeopleSoft Licensees Believe Current Releases Meet Their Needs (Graphic: Business Wire)

97% of PeopleSoft Licensees Believe Current Releases Meet Their Needs (Graphic: Business Wire)

Oracle licensees who responded to the Rimini Street survey include a mix of CIOs and VPs of IT, IT directors and managers, application managers, application leads and Oracle administrators across a variety of industries including Financial Services, Retail, Manufacturing, Education, Telecommunications, Building and Construction, Government, Transportation and Logistics, Pharmaceutical and Life Sciences, Insurance, and Oil and Gas.

 

To access a copy of Rimini Street’s report, “Survey Report: Licensees’ Insights into the Future of Their PeopleSoft Roadmaps,” click here.

 

Licensees Maximizing the Value and Extending the Lifespan of Current Releases

 

Instead of investing significant time, resources and capital to perform what they view as expensive, low ROI release upgrades or full migrations to Oracle Cloud ERP, many PeopleSoft licensees are taking steps to maximize the value and extend the lifespan of their current, robust and mature releases.

 

For example, despite PeopleSoft 9.2 being generally available since March 20131, 64% of respondents are still running at least part of their business on PeopleSoft 9.1 or earlier releases, which are no longer fully supported by Oracle. Currently, less than 50% of respondents have indicated any definitive plans to upgrade their PeopleSoft applications.

 

Vendor Support is Expensive and Provides Low Value for PeopleSoft 9.1 or Earlier Releases

 

For PeopleSoft licensees who are continuing to utilize their current PeopleSoft 9.1 or earlier release and have chosen not to upgrade to PeopleSoft 9.2, they are now in Oracle Sustaining Support and no longer get access to new fixes, critical patch updates or tax, legal and regulatory updates. Despite the reduced service breadth, 72% of respondents running PeopleSoft 9.1 or earlier releases are still paying Oracle for expensive and low value Sustaining Support that does not meet their full support needs, resulting in 43% of these same PeopleSoft licensees also paying Oracle additional fees for supplemental critical tax, legal and regulatory updates, and 39% having to allocate their own resources to help fill the service gap by self-supporting their PeopleSoft environments.

 

PeopleSoft 9.2 Provides Limited Additional Business Value and ROI

 

Of those licensees who are currently planning to eventually upgrade to PeopleSoft 9.2, nearly 85% indicated they are doing so primarily for support reasons and not to implement or leverage the benefits of any new features or functional enhancements. In fact, according to a poll by the Quest Oracle Community, nearly half of PeopleSoft 9.2 licensees have rolled out zero new features to end users2.

 

Of the respondents who are running PeopleSoft 9.2, 53% indicated that they did not leverage strong innovation on a consistent basis from new Oracle PeopleSoft 9.2 updates. However, despite the updates providing a seemingly low ROI and value, 96% indicated it can be very expensive and time-consuming to apply the Oracle PeopleSoft 9.2 updates, taking up to six weeks to test, validate and apply just one update, requiring an average of three-to-five resources during that time to perform the work.

 

Despite these significant cost and resources needed to complete an Oracle PeopleSoft 9.2 update, the majority of PeopleSoft 9.2 survey respondents appear to stay current with Oracle’s updates primarily to ensure that they retain access to Oracle full support.

 

PeopleSoft Licensees are Leveraging the Cloud to Extend the Lifespan of Current Releases

 

The survey also revealed that cloud continues to play an integral role in the future of licensees’ PeopleSoft roadmaps, with 87% of all respondents currently evaluating, actively moving to, or already running some or all their PeopleSoft applications on a cloud platform. Migrating their PeopleSoft system to a cloud environment can eliminate the need for significant capital investments in data center server refreshes, reduce operating costs and provide better user performance. In fact, 29% of respondents indicate that they have already migrated their PeopleSoft system to a cloud hosting provider. Lifting and shifting existing PeopleSoft software to a cloud environment provides the cloud-related benefits noted above, while allowing the respondents to extend the lifespan of their proven, current software releases for many additional years without having to address aging hardware infrastructure challenges.

 

Challenges with Oracle Support Persist

 

Finally, the survey underscores that challenges persist with regard to Oracle annual maintenance and support in comparison to the perceived benefit of that support, consistent with findings from a 2019 survey. The number one issue surfaced in the current survey, cited by 56% of all respondents, is the high annual maintenance and support fees charged by Oracle. Additionally, 43% of respondents cited dissatisfaction with the time it takes for Oracle to respond to issues, 43% of respondents noted that they have to escalate priority tickets to get the right expertise, and 16% of respondents were dissatisfied that Oracle annual maintenance and support does not provide support for customizations as a standard feature.

 

Rimini Street Helps Organizations Take Back Control of PeopleSoft Roadmaps

 

Rimini Street enables clients to maximize the value and extend the lifespan of current PeopleSoft releases by saving 50% on vendor annual support fees and up to 90% on the total cost of maintenance for PeopleSoft, while supporting their existing PeopleSoft releases for a minimum of an additional 15 years without any forced upgrades or updates. Clients enjoy faster, more comprehensive support including 10-minute response SLAs for critical P1 issues, the industry’s fastest Legislature-to-LiveTM tax, legal and regulatory updates, and support for custom code and integrations, all at no extra cost. With Rimini Street, IT organizations running PeopleSoft are able to leverage immediate budget and time savings to focus on the strategic priorities of their business, without Oracle dictating their roadmap decisions or timing.

 

“While our PeopleSoft 9.2 software release more than meets our business needs, we were struggling to justify the cost required to support the platform. In comparison to the cost, time and resources required for us to keep up to date on the vendor’s forced updates just to remain in full support, we were not getting sufficient support from the vendor in return,” said Ho Lee, HR and IT Service Team Leader, Kolon Benit. “We moved to Rimini Street Support and now save significantly on our annual maintenance, plus we are guaranteed a minimum of 15 years’ support for our current PeopleSoft software release. This has enabled us to free up significant resource and budget to focus on more strategic initiatives within the business.”

 

“Our PeopleSoft survey indicates an overall trend that many PeopleSoft licensees are taking steps to maximize the value and extend the useful life of their current PeopleSoft releases, but they need a better support solution that provides more value at a lower cost, and doesn’t require any forced upgrades or updates for years to come,” said Frank Reneke, group vice president and general manager, Oracle Services, Rimini Street. “PeopleSoft licensees who switch to Rimini Street Support can extend the lifespan of their existing release for a minimum of 15 years with no required updates, upgrades or migrations at up to a 90% total maintenance and support cost savings. Tax, legal and regulatory updates and full customization support are included at no additional charge. They can also leverage Rimini Street Application Management Services for PeopleSoft to run their system – creating an efficient, managed ‘turnkey’ solution that integrates operations and support into a single offering, provided by a single, fully-accountable vendor.”

 

For more information on Rimini Street Support for PeopleSoft click here.

 

About Rimini Street, Inc.

 

Rimini Street, Inc. (Nasdaq: RMNI) is a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner. The Company offers premium, ultra-responsive and integrated application management and support services that enable enterprise software licensees to save significant costs, free up resources for innovation and achieve better business outcomes. To date, more than 3,500 Fortune 500, Fortune Global 100, midmarket, public sector and other organizations from a broad range of industries have relied on Rimini Street as their trusted application enterprise software products and services provider. To learn more, please visit http://www.riministreet.com, follow @riministreet on Twitter and find Rimini Street on Facebook and LinkedIn.

 

Forward-Looking Statements

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “may,” “should,” “would,” “plan,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “seem,” “seek,” “continue,” “future,” “will,” “expect,” “outlook” or other similar words, phrases or expressions. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, the duration of and economic, operational and financial impacts on Rimini Street’s business of the COVID-19 pandemic, as well as the actions taken by governmental authorities, clients or others in response to the COVID-19 pandemic; catastrophic events that disrupt Rimini Street’s business or that of its current and prospective clients, changes in the business environment in which Rimini Street operates, including inflation and interest rates, and general financial, economic, regulatory and political conditions affecting the industry in which Rimini Street operates; adverse developments in pending litigation or in the government inquiry or any new litigation; Rimini Street’s need and ability to raise additional equity or debt financing on favorable terms and Rimini Street’s ability to generate cash flows from operations to help fund increased investment in Rimini Street’s growth initiatives; the sufficiency of Rimini Street’s cash and cash equivalents to meet its liquidity requirements; the terms and impact of Rimini Street’s outstanding 13.00% Series A Preferred Stock; changes in taxes, laws and regulations; competitive product and pricing activity; difficulties of managing growth profitably; the customer adoption of Rimini Street’s recently introduced products and services, including its Application Management Services (AMS), Rimini Street Advanced Database Security, and services for Salesforce Sales Cloud and Service Cloud products, in addition to other products and services Rimini Street expects to introduce in the near future; the loss of one or more members of Rimini Street’s management team; uncertainty as to the long-term value of Rimini Street’s equity securities; and those risks discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on August 5, 2020 and as updated from time to time by other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

© 2020 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

1 Marketwire: Oracle Releases Oracle’s PeopleSoft 9.2, March 18, 2013: https://yhoo.it/2Cj1VwV

 

2https://questoraclecommunity.org/learn/blogs/peoplesoft-selective-adoption-panel-customer-poll-results/

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/97-percent-peoplesoft-licensees-believe-current-releases-meet-their-needs/69732

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Masala King Dr. Dhananjay Datar Upholds India’s Prestige

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Mumbai, Maharashtra, India:  A big salute to Masala King Dr. Dhananjay Datar, CMD, Al Adil Trading Co. LLC. UAE for his all-out efforts to free 700 detained Indian workers in Kingdom of Saudi Arabia’s (KSA) Jeddah city and offer them food, medical help, and logistical support to return to their homeland. Dr. Datar, with this noble work, not only proved himself ‘A friend in need is a friend indeed’, but also upheld India’s prestige. All these evacuated workers, after landing in India recently, expressed their gratitude with tearful eyes by saying, ‘He is truly Al Adil (A good soul).’

The pathetic story of these 700 Indian workers began taking shape just 4 months ago when the onset of the COVID-19 pandemic gripped the world. These workers were stranded in Jeddah city of KSA due to the frequent lockdowns. Some of them were continuing their stay even after visa expiry; some, after losing their jobs, were working elsewhere on the previous permit to make ends meet, and some jobless and penniless workers were even begging for food and money as they had been left with no other option. Since these actions are considered illegal as per the law of the land, they were apprehended by the local police and sent to the detention centre. The group was waiting desperately to be freed and return to India. Their plight came to light recently when the media published reports of the same.

Dr. Datar realised their grief and vowed to free them from the detention centre as early as possible to send them back to India safely. Besides, another fact which made him quite uneasy was that some of India’s neighbouring countries like Nepal, Bangladesh, Pakistan, and Sri Lanka had already evacuated their workers well in time and on the other hand hundreds of jobless and penniless Indian workers were facing undue confinement for some insignificant reasons. He, along with his company team, swung into action. It was not an easy task to manage everything remotely and regularly follow up as UAE and KSA are two different countries, but his resolution was rock hard. He communicated with the Indian Consulate in Jeddah through the Indian Consulate in Dubai and expressed his willingness to help the detained workers. He proposed that if the KSA authorities release the poor workers on humanitarian grounds, he would sponsor their entire air tickets and medical test expenditure besides providing logistical facilities.

At last the mediation and joint efforts of Dr. Datar and the Indian Consulate in Jeddah worked out and KSA authorities not only released the Indian workers, but also extended a helping hand. Since the air traffic between India and KSA has not resumed yet, they facilitated the air travel of these workers to India through Saudia- their official airline- and sponsored the tickets. Dr. Datar and his team ensured the medical tests, logistic support and food facility to these workers. Two flights of Saudia, from Jeddah airport carrying a total of 451 passengers recently landed at the Delhi International Airport and all passengers were sent to quarantine facilities in Delhi and Bhatinda. The third flight carrying the remaining passengers landed at the Kochi International Airport.

Dr. Datar expressed his happiness over hearing the news of safe arrival of these passengers to India and smilingly said, “Our Al Adil group, under its CSR initiative, has been implementing a drive to help the stranded and penniless Indian workers to return home safely. We are sponsoring the entire expenditure of their air tickets, food and medical tests. As of now we have successfully sent more than 5000 stranded Indian workers across the GCC region. Besides business, I have been active in promoting Indian culture in the Gulf countries. I haven’t done anything special. It is the duty of every person to help his brethren in such difficult times. This is what the Indian culture teaches us. I am happy that these workers are united with their family and are safe.”

Published on : https://www.businesswireindia.com/news/fulldetails/masala-king-dr-dhananjay-datar-upholds-india-s-prestige/69727

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INDSOM Chamber of Commerce Inaugural by Shri. Jayesh Ranjan IAS

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Hyderabad, Telangana, India

The INDSOM Chamber of Commerce is non-government, not-for-profit organisation, it has been set up by pioneering businessmen from India and Somalia who saw the need to provide a dynamic institutional link for the promotion of commercial goodwill, and economic relation between India & Somalia, and further acts as a catalyst for export import activities (close to Billion $), technology transfers and joint ventures.

 

Dr. Lion Y Kiron (Founder) & Shri Jayesh Ranjan (IAS) during Press Conference

 

Trade between India and the Horn of Africa dates back to the Ancient times, bilateral trade between Somalia & India totalled US$ 600 Million per year in recent years, India has emerged as the fastest growing major economy in the world and is expected to be one of the top three economic powers over the next 10-15 years.

 

Somalia is on its way to economic recovery and is a huge potential market for most modern services. The country aims to exploit the natural resources of petroleum and fisheries while the agriculture, livestock and manufacturing require very sophisticated production activities and huge investment in both domestic and international levels. Based on this aspect, recent business related legal reforms and establishing an attractive environment created a good opportunity for investors and the business sector.

 

“The Momentum is already built into growth trajectory and the underlying potentials between Our two economies makes INDSOM Chamber of Commerce the perfect platform that offers informal and institutional investors investable businesses by sourcing, selecting and preparing SME’s for an investment and will encourage young enthusiastic entrepreneurs to do business in both countries,” says Dr. Lion Y. Kiron, Founder of INDSOM Chamber of Commerce.

 

Chief Guest of the event Shri. Jayesh Ranjan IAS Principal Secretary of the Industries & Commerce (I&C) and (IT) Departments of the Telangana Government Told that the Government of Telangana will support the INDSOM Chamber of commerce in promoting Trade and commerce.

 

INDSOM Chamber of Commerce “inaugural” event held on 30/09/2020 at Park Hyatt Hyderabad, India.

Published By : http://newsvoir.com/index.php?option=com_content&view=release&rid=14723

SMITHS DETECTION INTRODUCES COMPACT X-RAY SCANNER FOR VERSATILE COMMERCIAL SECURITY APPLICATIONS

SMITHS DETECTION INTRODUCES COMPACT X-RAY SCANNER FOR VERSATILE COMMERCIAL SECURITY APPLICATIONS

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Edgewood, Md., United States:  

Smiths Detection announces its newest X-ray inspection system, HI-SCAN 5030C, that addresses a critical gap in commercial security screening solutions with its optimal size, durability and mobility.

 

Combined with a market-leading HiTraX 3 electronic platform for superior image quality, the HI-SCAN 5030C is specifically designed to enhance security screening operations from courthouses to corporate campuses. Its compact size and lightweight construction enable it to fit seamlessly into checkpoints and mailrooms. Vibration absorbers make it possible to transport HI-SCAN 5030C between various locations without requiring re-calibration, providing maximum flexibility.

 

The HI-SCAN 5030C is Smiths Detection’s smallest X-ray inspection system and offers a wide variety of options including stainless steel castors, storage compartment, 24” monitor, newly designed keyboard with image manipulation keys, and foldable input/output conveyors. It can be upgraded with add-on software packages for training and detection support.

 

Matt Clark, Vice President, Technology, Smiths Detection said, “Our mission is to deliver the right solutions to help our customers achieve safety and security no matter what size or scale of their operations. The HI-SCAN 5030C fulfills an important role for a wide range of commercial applications, helping improve security with ease and efficiency. Engineering the HI-SCAN 5030C for mobility further maximizes its utility and versatility, enabling customers to share it or relocate it as required.”

 

For more information on HI-SCAN 5030C, please visit: https://www.smithsdetection.com/products/hi-scan-5030c/

 

###

 

About the HI-SCAN 5030C

 

Smiths Detection’s HI-SCAN 5030C X-ray inspection system screens a range of items such as, mail, small packages, and personal belongings at checkpoints and any location within a facility. The system is compact and mobile, which makes it ideal for customers who have space limitations of the need to move the system quickly between multiple locations.

 

About Smiths Detection

 

Smiths Detection, part of Smiths Group, is a global leader in threat detection and screening technologies for aviation, ports and borders, defence and urban security markets. Our experience and history across more than 40 years at the frontline, enables us to deliver the solutions needed to protect society from the threat and illegal passage of explosives, prohibited weapons, contraband, toxic chemicals and narcotics.

 

Our goal is simple – to provide security, peace of mind and freedom of movement upon which the world depends.

 

For more information visit http://www.smithsdetection.com/

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/smiths-detection-introduces-compact-x-ray-scanner-versatile-commercial-security-applications/69714

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CStone, Pfizer Enter into Strategic Collaboration to Address Oncological Needs in China

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Suzhou, China:  

  • Pfizer to invest $200 million in CStone shares and license CStone’s late-stage oncology asset sugemalimab (CS1001, PD-L1 antibody) in mainland China
  • CStone to receive up to $280 million in milestone payments for sugemalimab, and additional royalties
  • CStone and Pfizer to develop and commercialize additional late-stage oncology therapies in Greater China 

CStone Pharmaceuticals (“CStone”, HKEX: 2616)] and Pfizer Investment Co. Ltd. (“Pfizer Investment“) and Pfizer Corporation Hong Kong Limited (“Pfizer Hong Kong“) (both of which are subsidiaries of Pfizer Inc. (NYSE: PFE)) announced today the formation of a strategic collaboration that encompasses a $200 million equity investment by Pfizer Hong Kong in CStone, collaboration between CStone and Pfizer Investment for the development and commercialization of CStone’s sugemalimab (CS1001, PD-L1 antibody) in mainland China, and a framework between CStone and Pfizer Investment to bring additional oncology assets to the Greater China market.

 

This collaboration provides financing to support CStone’s development of sugemalimab, a potential best-in-class PD-L1 antibody that is being developed for high-incidence cancer indications in China, including lung, gastric and esophageal cancers, among others. Pfizer will in-license and exclusively lead commercialization of sugemalimab in China, harnessing its industry-leading capabilities to help doctors and patients across a far wider range of regions gain greater access to this treatment. The collaboration positions CStone and Pfizer to develop and commercialize additional oncology assets for the Greater China market.

 

“Pfizer’s investment in CStone is a statement of its confidence in the potential of our anti-PD-L1 treatment and recognition of our research and development capabilities,” said Frank Jiang, M.D., Ph.D., Chairman and Chief Executive Officer of CStone. “By joining forces with Pfizer and leveraging its commercialization infrastructure, we will ensure that patients across a vastly expanded number of markets in China have quicker access to our highly differentiated PD-L1 treatment. In addition, we have advanced our transformation into a full-fledged biopharmaceutical company by forging a collaboration that will enable us to accelerate development and commercialization of globally innovative therapies for Chinese patients.”

 

“Our company has an extensive and proud history of bringing innovative medicines to patients in China,” said Pierre Gaudreault, Acting President of Pfizer Biopharmaceuticals Group China. “This collaboration with CStone builds on that history by helping to develop a potential best-in-class PD-L1 treatment that we can commercialize upon approval. It also fosters our collaboration with a partner that has exceptional clinical development capabilities that can help us meet the clear need for novel oncology treatments in China.”

 

Key Components and Financial Terms of the Collaboration

 

  • Pfizer obtains exclusive commercialization rights to sugemalimab in mainland China, while CStone continues to lead clinical development and regulatory strategy for five selected indications.
  • CStone is entitled to receive up to $280 million in milestone payments for sugemalimab and additional tiered royalties.
  • CStone retains all development and commercialization rights to sugemalimab outside mainland China.
  • Pfizer will invest $200 million, consisting of 115,928,803 CStone shares at a price of US$1.725 per share (approximately HK$13.37 per share). As a result of its equity investment, Pfizer will hold a 9.90 percent stake in CStone.
  • CStone and Pfizer will together select late-stage (post proof-of-concept) oncology assets for co-development in the Greater China market. These assets may come either from Pfizer’s pipeline or through joint in-licensing.
  • CStone and Pfizer may pursue on a selected basis joint in-licensing arrangements for additional oncology assets for the Greater China market.

The transaction has received the necessary internal approvals of both companies. Closing is not subject to approval by CStone’s shareholders.

 

Goldman Sachs & Co. LLC is acting as financial advisor to CStone, and Cooley LLP served as legal advisor. Clifford Chance LLP served as Pfizer’s legal advisor.

 

Investor Presentation Information

 

CStone will host a live webcast at 11:00am (Hong Kong time) on September 30th, 2020. Please find the access information as below.

 

All other regions: https://event.webcasts.com/starthere.jsp?ei=1380037&tp_key=735ccdf3e4
Mainland China: https://event.gmwebcasts.cn/starthere.jsp?ei=1380037&tp_key=735ccdf3e4
Password (case sensitive): CStone

 

About Sugemalimab

 

Sugemalimab is an investigational anti-PD-L1 monoclonal antibody discovered by CStone. Authorized by a company based in the U.S., Ligand Pharmaceuticals Inc. (NASDAQ: LGND), sugemalimab is developed using the OmniRat® transgenic animal platform, which can generate fully human antibodies in one stop. As a fully human, full-length anti-PD-L1 monoclonal antibody, sugemalimab mirrors the natural G-type immunoglobulin 4 (“IgG4”) human antibody, which may reduce the risk of immunogenicity and toxicities in patients, a potentially unique advantage over similar drugs.

 

Sugemalimab has completed a Phase I dose-escalation study in China. During Phase 1a and 1b stages of the study, sugemalimab showed antitumor activity in multiple tumor types and was well-tolerated.

 

Currently, sugemalimab is being investigated in a number of ongoing clinical trials. In addition to a Phase I bridging study in the U.S., the clinical programs in China include one multi-arm Phase Ib study for several tumor types, one Phase II registrational study for lymphoma, and four Phase III registrational studies, respectively, for stage III/IV non-small cell lung cancer, gastric cancer, and esophageal cancer.

 

About CStone

 

CStone is a biopharmaceutical company focused on developing and commercializing innovative immuno-oncology and precision medicines to address the unmet medical needs of cancer patients in China and worldwide. Established at the end of 2015, CStone has assembled a world-class management team with extensive experience in innovative drug development, clinical research, and commercialization. With a strategic emphasis on immuno-oncology combination therapies, the Company has built an oncology-focused pipeline of 15 drug candidates, including five late-stage candidates at pivotal trials or registration stages. With an experienced team, a rich pipeline, a robust clinical development-driven business model and substantial funding, CStone’s vision is to become globally recognized as a leading Chinese biopharmaceutical company by bringing innovative oncology therapies to cancer patients worldwide. For more information about CStone, please visit: www.cstonepharma.com.

 

About Pfizer: Breakthroughs and innovations to change the lives of patients

 

At Pfizer, we apply science and our global resources to improve health and well-being at every stage of life. We strive to set the standard for quality, safety and value in the discovery, development and manufacturing of medical and health products (including innovative drugs and vaccines) for people. Every day, Pfizer colleagues from the developed and emerging markets work to advance wellness, prevention, treatments and cures that challenge the most feared diseases of our time. Consistent with our responsibility as the world’s leading biopharmaceutical company, we also collaborate with healthcare providers, governments and local communities to support and expand access to reliable, affordable health care around the world. For more than 170 years, Pfizer has worked to make a difference for all who rely on us. For more information, please visit www.pfizer.com.cn.

 

Forward-looking Statement

 

The forward-looking statements made in this article relate only to the events or information as of the date on which the statements are made in this article. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. You should read this article completely and with the understanding that our actual future results or performance may be materially different from what we expect. In this article, statements of, or references to, our intentions or those of any of our Directors or our Company are made as of the date of this article. Any of these intentions may alter in light of future development.

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/cstone-pfizer-enter-into-strategic-collaboration-address-oncological-needs-china/69715

Redouble efforts against ‘global scourge’ of gender-based violence, intensified by pandemic: Guterres 

Redouble efforts against ‘global scourge’ of gender-based violence, intensified by pandemic: Guterres 

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“Millions of women are living in fear, with long-term consequences for families and communities, and for all our efforts for peace and security, human rights and sustainable development”, Secretary-General António Guterres said in a video message to a virtual high-level GBV event in the context of COVID-19. 

Against the backdrop of his global call for a ceasefire and an end to all violence – from war zones to people’s homes – he acknowledged that some 146 Member States had increased resources and acted to protect women and girls but flagged that those measures were not enough. 

“We urgently need new thinking and momentum on this critical issue”, Mr. Guterres upheld, underscoring the need to increase accountability, question attitudes that enable violence and provide resources for front-line women’s civil society organizations. 

On the horizon 

In the coming months, the UN chief said that he would launch a new push for progress, including by building the Spotlight Initiative and European Union (EU) partnership, to help end all forms of violence against women and girls. 

“Together, let us redouble our efforts to end gender-based violence during COVID-19 and beyond”, he advocated. 

Putting words into action 

UN Women Executive Director Phumzile Mlambo-Ngcuka maintained that everyone has a role to play in ending GBV in the context of COVID19. 

“The pandemic has forced us to think differently and rebuild better, and that is what we need to spell out in much more detail…in the context of violence against women”, she stressed. 

Ms. Mlambo-Ngcuka noted that the Generation Equality Action Coalition on Gender-Based Violence – the first ever multi-participant, inter-generational platform to create political consensus and drive long-term change – brings together a range of interested parties, from UN agencies to Member States and the private sector.  

“In 28 countries, for instance, we worked with Governments to integrate gender-based violence measures into their COVID-19 responses and fiscal stimulus packages”, she elaborated, adding, “we supported 44 countries to continue legal and policy reforms on violence against women and harmful practices”. 

Ms. Mlambo-Ngcuka also highlighted that their offices around the world have partnered with tech giants such as Google, Twitter, and Facebook, to address GBV. 

Turning to the UN Trust Fund to End Violence against Women, she announced it has rapidly been supporting its network of 144 civil society organizations – 59 per cent of which are women’s organizations – across 69 countries. 

“They are made up of women from all walks of life, who are female phenomena”, she elaborated. 

While acknowledging “many significant actions”, she said, she also noted “just as many challenges”, which is why the UN Women chief maintained that everyone needs “to contribute, to collaborate and to expand our work”.  

 “UN Women is here to work together through the long haul”, she assured. 

Stop reversal of progress 

In their joint statement, leaders of the Action Coalition called upon all actors to immediately respond with targeted and effective actions to multiple forms of gender-based violence, saying they will “work to stop any reversal of the hard-won progress on advancing gender equality…due to the COVID-19 pandemic”. 

Meanwhile Zahra Al Hilaly of the Youth Affairs Council, and a member of UN Women’s Beijing+25 Youth Task Force, underscored that women and girls “must challenge the power structure”, saying, “we live within a world that has never within history, truly benefited young women and girls”. 

Nor resting on laurels 

Diene Keita, Assistant Secretary-General and Deputy Executive Director of the UN Population Fund (UNFPA) said that “data and evidence form the backbone of global and national response to COVID-19 in general and gender-based violence in particular”. 

“We need to act as one, together in a coherent and evidence driven manner”, she asserted. 

Baroness Liz Sugg, Minister for Foreign and Development Affairs and Special Envoy for Girls’ Education of the United Kingdom emphasized that “violence is preventable”. 

“We all need to collectively challenge ourselves to do more. This needs to stop. Now”, she spelled out. 

Agência Brasil/Elza Fiuza

The COVID-19 pandemic has created even more obstacles on the path to gender equality and exacerbated pre-existing inequalities, according to UN Women.

Published on : https://news.un.org/feed/view/en/story/2020/09/1074222

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Andersen Global Strengthens Caribbean Presence with Addition of Templar Chambers

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San Francisco, United States:  

Andersen Global enters a Collaboration Agreement with Templar Chambers, one of the largest law firms in Guyana, providing additional coverage for the organization’s Caribbean platform.

 

The full-service law firm was founded in 2004 and provides legal expertise across a wide spectrum of practice areas including banking and finance, corporate, contract and commercial, energy, mining, oil and gas, real estate, litigation as well as intellectual property. The firm brings in a highly experienced team of four attorneys and seven staff members, providing services to local and international clients doing business in Guyana.

 

“Our firm is proud of the key role that we play in supporting Guyana’s development by helping new business enterprises grow and international companies enter the Guyanese market,” Office Managing Partner Glenn Hanoman said. “As one of Guyana’s leading commercial and business law firms, we are committed to providing our clients with best-in-class solutions. Our values and vision align strongly with Andersen Global, and we look forward to working together to provide our clients with the most comprehensive, seamless service.”

 

“The Caribbean is a diverse region and an important market for global business, and it is critical to our success in this region that we collaborate with firms that are committed to stewardship and transparency,” said Andersen Global Chairman and Andersen CEO Mark Vorsatz. “We have ambitious plans to continue our expansion in the region and collaborating with the respected Templar Chambers team further strengthens an already solid Caribbean platform.”

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax and legal professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 6,000 professionals worldwide and a presence in over 203 locations through its member firms and collaborating firms.

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/andersen-global-strengthens-caribbean-presence-with-addition-templar-chambers/69711

Most countries failing to protect women from COVID-19 economic and social fallout

Most countries failing to protect women from COVID-19 economic and social fallout

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And women have often become victims of domestic violence “locked down with their abusers, as unpaid caregivers in families and communities, and as workers in jobs that lack social protection”, adds the Executive Director of UN Women, Phumzile Mlambo-Ngcuka.

New data released by gender agency and the UN Development Programme (UNDP) taken from the COVID-19 Global Gender Response Tracker, reveal that most countries are not doing enough to protect women and girls from the economic and social fallout being caused by the virus.

Lacking support

The analysis signals that one-fifth of the 206 countries analyzed, or 42 States, had no gender-sensitive measures in place to respond to the pandemic.

And only 25 countries have introduced measures aimed at tackling violence against women and girls (VAWG), support unpaid care and strengthen women’s economic security. 

These may include helplines, shelters or legal support to counter the surge in violence; cash transfers directly targeted at women; or childcare services and paid sick leave.

“The COVID-19 crisis provides an opportunity for countries to transform existing economic models towards a renewed social contract that prioritizes social justice and gender equality”, said UNDP Administrator Achim Steiner. “This new gender response tracker can help accelerate policy reform by guiding on gaps in national efforts and funding and highlighting best practices”.

Breakdown

Across 135 countries, the tracker identified 704 measures to prevent and/or respond to VAWG. Of these, 63 per cent focused on strengthening essential services, such as shelters, helplines and other reporting mechanisms. 

However, only 48 countries, less than a quarter of those analyzed, treated VAWG-related services as an integral part of their national and local COVID-19 response plans – with very few adequately funding these measures.

At the same time, social protection, care crisis and jobs response has been largely blind to women’s needs, with only 177 measures in 85 countries explicitly aimed at strengthening women’s economic security, and just 60 taking action to support unpaid care and strengthen care services for children, older persons or persons with disabilities.

Varying responses

The tracker also shows that gender actions vary widely across countries and regions. 

According to the analysis, Europe is leading the response on addressing VAWG and unpaid care – accounting for almost 32 per cent of all violence measures and 49 per cent of all unpaid care measures. 

Meanwhile, the Americas has the largest number of measures aimed at strengthening women’s economic security, followed by Africa.

“The Global Tracker supports Governments in making the right policy decisions by sharing good practices and monitoring progress in care policies and measures to address violence against women”, said UN Women Executive Director Phumzile Mlambo-Ngcuka. 

Published on : https://news.un.org/feed/view/en/story/2020/09/1073982

NTT Com Demonstration Test to Link GAIA-X Platform’s “IDS Connector” Technology and SDPF Based on Data Trust®

NTT Com Demonstration Test to Link GAIA-X Platform’s “IDS Connector” Technology and SDPF Based on Data Trust®

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TOKYO, Japan:  

NTT Communications Corporation (NTT Com), the ICT solutions and international communications business within the NTT Group (TOKYO:9432), announced today that beginning October 1 it will collaborate with the International Data Spaces Association (IDSA)1 in a demonstration test as the first phase of contributing to the development of a secure, global data-management platform2 that assures interoperability between data platforms built and managed in countries worldwide.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200927005006/en/

 

The test environment image (Graphic: Business Wire)

The test environment image (Graphic: Business Wire)

The test environment for sharing highly confidential data securely will include IDS Connectors3, the core technology of GAIA-X4, a federated data infrastructure for Europe, and NTT Com’s Things Cloud® IoT platform and Smart Data Platform (SDPF)5, the later incorporating Data Trust®6 policies. The demonstration, in addition to assessing the practicality and operability of a new structure for appropriately controlling the access rights of each data based on related laws and contracts, will shed new light on the requirements, etc. of platforms designed for international data management. The results are expected to lead to the establishment of global data management platforms that smoothly link local data platforms in countries across the globe.

 

In the demonstration, a test environment will be built to test various cases of international data sharing, such as remote monitoring of machines overseas, etc., to verify the practicality and operability of data sharing. Initially, in collaboration with the NTT Software Innovation Center,7 IDS Connector and SDPF will be deployed in a test environment in Japan to test system interoperability and the management of specific data-usage rights. The test environment in Japan will then be connected to IDSA’s test environment in Germany and a separate test environment at the Swiss nonprofit Switzerland Innovation Park Biel/Bienne8 to test the system’s practicality and operability in controlling data access rights internationally via NTT Com’s networks.

 

Thereafter, NTT Com will proceed with further verification and testing by applying the current test’s findings in a test operation environment (test bed), aiming to verify the interoperability of various hardware and software using the IDS Connector. The new global data management platform will be jointly developed by Japanese and overseas companies and organizations. At the same time, NTT Com will determine concrete requirements for the platform together with various organizations and companies active in Japan and overseas, including the Robot Revolution & Industrial IoT Initiative.9 Going forward, NTT Com hopes to support the formulation of basic specifications through public-private-academic collaboration. Ultimately, NTT Com aims to contribute to the realization of a smart world by developing and providing a platform for broad sharing and usage of data in wide-ranging fields worldwide.

 

Technologies for IoT, artificial intelligence and data utilization are increasingly being applied in diverse fields, including manufacturing, logistics, transportation, medical care, energy, cities and government. To facilitate advanced, multipurposed data use, systems are needed to ensure the safe, reliable exchange of data among industries, businesses and countries. Simultaneously, the rights of data providers and users must be protected and observed by managing when, where, who, why and under what conditions specific data can be used. Currently, legal systems and technologies are being developed worldwide to create such data infrastructure. Eventually, data exchange in international business may require compliance with data-infrastructure specifications according to the laws and regulations of relevant countries.

 

1

The International Data Spaces Association (IDSA), originating in Europe, has defined a reference architecture and a formal standard to be used for creating and operating virtual data spaces. The International Data Spaces (IDS) Architecture is based on commonly accepted data governance models facilitating secure exchange and easy linkage of data within business ecosystems. IDSA counts over 120 member organizations from 21 countries.

2

Global data-management platform is a function for mutually linking data platforms across borders so that each country can internationally distribute data safely, fairly and appropriately while protecting national assets and human rights.

3

IDS Connector provided by IDSA is the core element of a data ecosystem designed to facilitate the secure exchange of data between trusted parties. Deployed in the GAIA-X infrastructure as well as in clouds, on edge computers or on devices, etc. that send and receive data, it provides settings for managing access to specific data based on laws and contracts.

4

GAIA-X is an initiative announced by the German and French governments in October 2019 to build decentralized data infrastructure for data sharing and utilization protected by European data laws.

5

Smart Data Platform (SDPF) is NTT Com’s next-generation platform that offers comprehensive, one-stop functions for corporate digital transformation (DX).

6

DATA Trust® is a registered trademark of Nippon Telegraph and Telephone Corporation (NTT).

7

The NTT Software Innovation Center is an NTT laboratory engaged in researching and developing IT infrastructure technologies, such as DX acceleration, software infrastructure, AI infrastructure and next-generation computers, that are becoming important infrastructure.

8

Switzerland Innovation Park Biel/Bienne is a Swiss private nonprofit organization that carries out and supports primarily industry-oriented applied research and development.

9

The Robot Revolution & Industrial IoT Initiative is a private organization established in 2015 at the initiative of the Japanese government to facilitate the use of industrial IoT, robots, etc. NTT Com has been active as the secretariat of the Global Data Management Platform Sub-Working group since October 2019.

About NTT Communications

 

NTT Communications solves the world’s technology challenges by helping enterprises overcome complexity and risk in their ICT environments with managed IT infrastructure solutions. These solutions are backed by our worldwide infrastructure, including industry leading, global tier-1 public and private networks reaching over 190 countries/regions, and more than 500,000m2 of the world’s most advanced data center facilities. Our global professional services teams provide consultation and architecture for the resiliency and security required for your business success, and our scale and global capabilities in technology world are unsurpassed. Combined with NTT Ltd., NTT Data, and NTT DOCOMO, we are NTT Group.
www.ntt.com | [email protected] Com | [email protected] Com | [email protected] Com

 

 

Published on : https://www.businesswireindia.com/news/fulldetails/ntt-com-demonstration-test-link-gaia-x-platforms-ids-connector-technology-sdpf-based-data-trust/69689

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Spirit of Wipro Run Brings Together Thousands of Participants Globally

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East Brunswick, New Jersey, United States & Bangalore, Karnataka, India:  Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, today organized the 15th edition of the ‘Spirit of Wipro’ (SOW) Run globally with thousands of participants across 35 countries, running separately, yet together in spirit, at a time of their choosing.
 
The theme for this year’s Run was “United. Unstoppable”, which celebrated camaraderie, resilience and a shared sense of community among several thousands of Wipro employees, their friends and families, alumni, customers, partners and suppliers.

The SOW Run is an annual, global tradition at Wipro and has been held every year since its inception. This year too, the Run was organized on schedule despite the pandemic induced constraints. The runners strictly adhered to the local COVID-19 guidelines and safety protocols in various countries while participating in the event.

Commenting on the Run, Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited said, “We are connecting in a new way — gathering with technology rather than in person. But the Spirit of Wipro Run still stands for everything it has represented since it began: our passion for client success, respect for others, global responsibility, and unyielding integrity.”
 
Saurabh Govil, President and Chief Human Resources Officer, Wipro Limited said, “Despite the changed circumstances, the tradition remains alive, our purpose remains unchanged. The Run is a testament to the spirit of togetherness of Wiproites in these extraordinary times and a celebration of all that we stand for. We expect the proceeds from the Run to benefit communities that we operate in.”
 
Each year the proceeds from the SOW Run are used towards social causes identified by the locations, globally. The funds raised by the runners are matched 100% by Wipro Limited and are utilized by Wipro Cares, the community initiatives arm of Wipro Limited. In the United States, where Wipro has a significant presence, the funds will be used to support educational programmes in underserved communities. 

About Wipro Limited

Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 180,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future. 
  
Forward-Looking Statements

The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at www.sec.gov. We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf.

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Deloitte Launches < "The Next Wave" Emerging Digital Life in South and Southeast Asia > Report At Ant Group’s INCLUSION Fintech Conference

Deloitte Launches < "The Next Wave" Emerging Digital Life in South and Southeast Asia > Report At Ant Group’s INCLUSION Fintech Conference

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Shanghai, China:  

Deloitte launched <“The Next Wave” Emerging Digital Life in South and Southeast Asia > Report today at the INCLUSION Fintech Conference, organized by Ant Group and Alipay to foster a global dialogue on building a more inclusive, green, and sustainable world through digital technology.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200924005941/en/

 

(Graphic: Business Wire)

(Graphic: Business Wire)

Through an extensive survey conducted across age groups in eight countries in South and Southeast Asia, specifically Singapore, Malaysia, Thailand, Indonesia, the Philippines, India, Bangladesh and Pakistan, the report showed that consumers aged between 21 and 40 years old are the leading force enabling the rapid adoption of a digital life in the region in the post Covid-19 world.

 

Speaking at one of the media forums on Day 2 of INCLUSION, Taylor Lam, Technology, Media & Telecommunications Industry Leader at Deloitte China, said: “Young and vibrant economies in South and Southeast Asia are rapidly becoming the ‘next wave’ of future leaders in digital economy. The combination of a relatively large, young, unbanked and underbanked population, high mobile penetration and supportive local governments has helped the region leapfrog in its digital infrastructure and innovations, which has accelerated the adoption of digital payment and the expansion of daily digital life scenarios in the region.”

 

“Through our research, we have seen great potential for these digital economies to continue maturing and become more inclusive, more convenient and secure, and more sustainable, which will benefit their recovery from the impact of the Covid-19 pandemic.”

 

Key regional insights:

 

1. Digital payment as a key enabler is creating and connecting the digital life for consumers, making a fundamental shift in how people live, work and play.

 

  • Since the outbreak of Covid-19, about 78% of the research participants indicated that they have experienced some increases in the usage of digital services, in which 41% indicated a surge.
    • Bangladesh, the Philippines and Indonesia are the top three countries seeing the highest increase in usage.
  • Singapore, the Philippines and Indonesia are the top three most active countries in using digital payment.
  • Top three most common daily life scenarios where consumers choose to use digital payment are:
    • e-commerce/m-commerce (70%)
    • peer-to-peer transfer (69%)
    • in-store purchase (62%)
  • Majority of digital payment transactions are small in value, 67% of research participants indicated that the average value per transaction is less than USD30 per person. This indicates that digital payment has penetrated consumers’ daily life and has become the mainstream to meet their everyday needs.
  • Top three reasons why consumers opt to use e-wallet include:
    • Convenience (77%)
    • Contactless (69%)
    • Value-added benefits and promotions (9%)

2. Consumers in South and Southeast Asia enjoy the breadth and depth of daily life scenarios supported by digital services.

 

  • Top five most popular mobile apps among consumers in the region are:
  • Entertainment
    • Social media (79%)
    • Music/video streaming (50%)
  • E-commerce/m-commerce (74%)
    • Convenience, Product variety and Low price are the top three reasons for consumers to choose to shop online
  • Daily life services (59%)
    • Ride-hailing, News and Books and Workplace Collaboration are the top three most often used mobile apps in the category
  • Financial services (45%)
    • Mobile banking and digital payment are the most used mobile apps in the category

3. Driven by the rising digital payment adoption and richness in daily digital life scenarios, South and Southeast Asia region is presenting an exciting digital future.

 

Regional Digital Life Index is developed based on the research and on a series of parameters including mobile penetration, internet maturity and penetration, digital payment maturity, e-commerce maturity, social media activeness and local government support.

 

  • Singapore, Malaysia and Indonesia are the “Digital Life Leaders”, leading the race across all parameters
  • Thailand and the Philippines stood out as the “Digital Life follower”
    • Thailand shows a high level of mobile penetration, social media activeness, digital payment and e-commerce maturity
    • The Philippines is leading in digital payment adoption, especially peer-to-peer transfers and gaming industry
  • India is classified as the “Digital Life Potential”, leading in the space of cybersecurity
  • Bangladesh and Pakistan are considered “Digital Life Catcher “

This report is produced by Deloitte in partnership with the INCLUSION Fintech Conference. Assembled at the event are the leading enterprises, experts and scholars of the financial and technology communities, to discuss global cooperation and innovations in the fields of finance, economy, commerce and environment.

 

About Deloitte

 

Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”). DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which cannot obligate or bind each other in respect of third parties. DTTL and each DTTL member firm and related entity is liable only for its own acts and omissions, and not those of each other. DTTL does not provide services to clients. Please see www.deloitte.com/about to learn more.

 

Deloitte is a leading global provider of audit and assurance, consulting, financial advisory, risk advisory, tax and related services. Our global network of member firms and related entities in more than 150 countries and territories (collectively, the “Deloitte organization”) serves four out of five Fortune Global 500® companies. Learn how Deloitte’s approximately 312,000 people make an impact that matters at www.deloitte.com.

 

Deloitte Asia Pacific Limited is a company limited by guarantee and a member firm of DTTL. Members of Deloitte Asia Pacific Limited and their related entities, each of which are separate and independent legal entities, provide services from more than 100 cities across the region, including Auckland, Bangkok, Beijing, Hanoi, Hong Kong, Jakarta, Kuala Lumpur, Manila, Melbourne, Osaka, Seoul, Shanghai, Singapore, Sydney, Taipei and Tokyo.

 

The Deloitte brand entered the China market in 1917 with the opening of an office in Shanghai. Today, Deloitte China delivers a comprehensive range of audit & assurance, consulting, financial advisory, risk advisory and tax services to local, multinational and growth enterprise clients in China. Deloitte China has also made—and continues to make—substantial contributions to the development of China’s accounting standards, taxation system and professional expertise. Deloitte China is a locally incorporated professional services organization, owned by its partners in China. To learn more about how Deloitte makes an Impact that Matters in China, please connect with our social media platforms at www2.deloitte.com/cn/en/social-media.

 

This communication contains general information only, and none of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms or their related entities (collectively, the “Deloitte organization”) is, by means of this communication, rendering professional advice or services. Before making any decision or taking any action that may affect your finances or your business, you should consult a qualified professional adviser.

 

No representations, warranties or undertakings (express or implied) are given as to the accuracy or completeness of the information in this communication, and none of DTTL, its member firms, related entities, employees or agents shall be liable or responsible for any loss or damage whatsoever arising directly or indirectly in connection with any person relying on this communication. DTTL and each of its member firms, and their related entities, are legally separate and independent entities.

 

© 2020. For information, contact Deloitte China.

 

About Inclusion Fintech Conference

 

The INCLUSION Fintech Conference was officially announced in January 2020 to bring together the global financial and technology communities, to envision a world that is more inclusive, green, and sustainable through digital technology. The inaugural three-day conference in Shanghai, to be held September 24-26, 2020, will feature over 40 forums, with keynotes and panels covering major themes such as the global digital economy, digital finance, innovative technology, and sustainability.

   

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Indian Women Convention And Women Leadership Awards 2019: Experience Sharing by Ms. Nabomita Mazumdar

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About Ms. Nabomita Mazumdar

Ms. Nabomita Mazumdar is the Founder of Nabomita.com. She is the winner of 100 Women Achievers Award by Ministry of Women and Child Development, India. She was invited for a lunch with the Honorable President of India, at the Rashtrapati Bhawan. S has attained her MBA degree in HR from XLRI Jamshedpur. She is a Human Resources (HR) industry leader and amongst top 10 thought leader in future of workin the world by BlueJeans Community. She is well-regarded as an expert to the HR community, lifecycle management, work place design management with a blend of relevant experience in industry and with new-age internet startups in HR in India. Nabomita has been awarded various honors such as ‘Rajmata Samman during Rajmata Vijay Raje Scindia Birth Centenary celebration in Delhi, Top 25 Influential Women on Twitter’ ,‘Top 100 Tech Influencers’ and many more. She served as a Partner of Cite Communities, a bootstrapped online community.

She has executed the growth strategy of the community successfully, leading the product to top-three in HR Communities in the world from 2010 to 2016 as per Alexa (while she was at the helm).Cite Communities offers an online knowledge base and a discussion forum connecting the organization owners and its employees. It finds nearly 2 lakh professionals visiting the site daily to seek solutions related to their work. The community further offers a free-to-use database that includes information one might need at the office, right from manuals to forms to any document to refer for legal and official work. There are no subscription or membership charges applicable for any of this support. It’s entirely a ‘free-to-use’ community. CiteHR.com (part of Cite.Co) is one of the largest online HR communities in the world. The online site is involved with connecting people to solutions through live and virtual interactions and therefore impacting careers and companies resulting in a positive revenue flow.

Because of her social media presence, HR expertise and community management experience, Ms. Mazumdar evolved into a major influencer in the start-up area. She has used her influence on social media and tech domain to cement herself as one of the most prominent voices of women and children empowerment in India. Today, she is a brand to reckon with, as is evident with a large number of visitors she gets on her site every day. In July 2016, she founded Nabomita.com where she shares meaningful messages with society using different formats of media. Currently, she is working to build an HR compliance community called Comply4HR. This site is valuable for both corporates and employees as the entire content is written by people in authority in HR governance and therefore, highly validated and curated. comply4HR contains acts, rules, minimum wages, forms, schedules, notifications and other information for most states in the country.

In addition, she was a part of ‘SHEROES’ – A platform for women with ambition and aspirations. SHEROES offers a career world with opportunities, high growth career resources, mentorship, skills and support. A community built around principles of learning, growth and sharing.

INDIAN WOMEN CONVENTION 2019 and Women Leadership Awards 2019: Adv. Dr. Shivangi Zarkar

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About Adv. Dr. Shivangi Zarkar

Adv.Dr.Shivangi is Young Dynamic Advocate and Extremely Auditory Legal Orator, who utilized her passion of Communication and Concerned nature into her Profession of Advocacy and legal business Consultation Industry, who has seen dream to start Innovation in Legal as well as Business Field. Adv. Dr.Shivangi Zarkar born on Day 20th October 1981. She is the only child of Late. Kamalakar Zarkar and Smt. Pooja Zarkar. After completing her Degree in Computer Engineering from Shah and Anchor Engineering College, Mumbai, She joined IT Industry.

And she started her Educational Management Journey upto Ph.D. After That She completed her LL.B. from MCT college of Law,  Mumbai University. She is intelligent , creative And Visionary at the same time; she is very soft spoken, target oriented and Techno- savvy too. She is Strong yet social behavioral woman. Due to these characteristics, she got reputation, respect and lime light from companies with whom she worked like trainer, coach, mentor and Business legal Consultant before. She has immensely innovative mind so she started Pioneer concept as a Hon.

Virtual CEO in Business Consultancy earlier. She called herself as a Business Legal Coach, who discovers new business legal strategies.She is innovative speaker for Legal Model in start up,  Medicine law lectures for health care and Media Law for Advertising Industry. She is the face that has launched a multiple consultancy like DSBM,  Udyogmegh Infotech,  BizTycoon and All India Employment and Skill Development Organization. She was Ex- Management Partner for Ayush Yoga Festival, Delhi. Almost 10000+ Entrepreneurs from India took her training and Coaching. She is prolific writer and a columnist; she turns out numerous articles and write-up for several publications with Lokmat, Prahar Newspaper, Arthsanket – E-Newspaper,  Smart Udyojak, Nav Arth Kranti.

DXC Technology Announces Leadership Appointments to Support the “new DXC"

DXC Technology Announces Leadership Appointments to Support the “new DXC”

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Tysons, Va., United States:  

DXC Technology (NYSE:DXC) today presented its latest leadership appointments further strengthening the DXC leadership team, the majority being new to DXC within the last year. This team is bringing the “new DXC,” which is focused on its customers and its people, to the market as it executes the company’s transformation journey.

 

DXC Customer Portfolio Leadership

 

Over the past year, CEO Mike Salvino has recruited new IT services industry leaders who bring formidable experience delivering for customers, inspiring people, and running and growing businesses. DXC announces the following appointments and changes to the team that will run DXC’s business and lead execution of the DXC transformation journey:

 

  • Americas will be led by Jim Brady and David Swift. Jim joined DXC in June 2020 from Accumen, where he was the COO and previously worked at Accenture and Honeywell. David Swift joined DXC in November 2019 from Accolade where he was Chief Service Officer and previously worked at Aon Hewitt and Accenture.
  • Asia Pacific will be led by Seelan Nayagam. Seelan has been with DXC for six years leading Australia/New Zealand (ANZ) and will now also lead Asia as one integrated business.
  • Europe, Middle East & Africa will be led by Tom Pettit and Steve Turpie. Tom joined DXC in June 2020 from Accenture where he spent 25 years, most recently as a Senior Managing Director in Accenture’s Health and Public Services business. Steve joined DXC in November 2019 and previously held senior roles in strategic sourcing and procurement at QBE Insurance Group Ltd. and Zurich Insurance Company.
  • DXC/Luxoft Analytics & Engineering will be run as a business unit under the leadership of Dmitry Loschinin, who was the CEO of Luxoft. Dmitry will now lead the combined DXC/Luxoft Analytics & Engineering business that has been a growth area for DXC.
     

Corporate Functions

 

DXC continues to strengthen the leadership and operations of its Corporate Functions that support the businesses with the following appointments:

 

  • Marketing & Communications will be led by Shari Wenker, whowill focus on rebuilding the brand externally and internally as Chief Marketing & Communications Officer. Shari joined DXC in April 2020 from Accenture, where she spent 24 years and most recently led marketing & communications for Accenture Technology.
  • Legal will continue to be led by DXC veteran Bill Deckelman, General Counsel and Secretary for 12 years. Bill will transition his Secretary responsibilities to Zafar Hasan, Head of Corporate Legal, who joined DXC three years ago.
     

“I am very pleased with the leadership team that we have been able to create to drive the ‘new DXC’,” said Salvino. “We have attracted some outstanding industry talent and combined with the existing leaders have created a leadership team that has a strong track record of delivering for customers and people. I am looking forward to personally working with this team to continue to execute on our transformation journey.”

 

About DXC Technology

 

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy our enterprise technology stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology.

 

Forward-Looking Statement

 

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent DXC’s intentions, plans, expectations and beliefs, and are subject to risks, uncertainties and other factors many of which are outside DXC’s control. Many factors could cause actual results to differ materially from such forward-looking statements with respect to the transaction announced above, including risks relating to: the completion of the transaction on anticipated timing, including obtaining regulatory and third-party approvals; conditions in the credit markets; anticipated tax treatment for the proposed transaction; unforeseen liabilities; loss of revenues; the potential impact of announcement or consummation of the proposed transaction on relationships with third parties, including clients, employees and competitors; and the delay or business disruption caused by difficulties in separating the divested business from DXC’s remaining businesses. For a written description of the factors that could cause actual results of DXC’s business to differ materially from these forward-looking statements, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2020, as updated in subsequent SEC filings including the Company’s Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2020, which readers are urged to review in detail, as it contains important information regarding risks, uncertainties and other factors that could cause actual results to differ from the plans, expectations and other matters described in this press release. No assurance can be given that any goal or plan set forth in any forward-looking statement can or will be achieved, and readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. DXC disclaims any intention or obligation to update these forward-looking statements whether as a result of subsequent events or otherwise, except as required by law.

 

 

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