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LO TING-FAI APPOINTED AS PRESIDENT, WARNER MUSIC APAC
Prnewswire· 2025-08-07 11:27
Core Insights - Lo Ting-Fai has been appointed as President of Warner Music APAC, effective August 11, 2025, and will report to CEO Robert Kyncl [1][2] - Lofai's previous experience includes CEO of MakerVille and COO of Viu, showcasing his background in content creation and digital streaming [2] - Warner Music Group aims to enhance its presence in the Asia-Pacific region, focusing on artist development and market share growth [2][4] Company Overview - Warner Music Group operates in over 70 countries and includes a diverse range of renowned labels and a music publishing arm with over one million copyrights [4] - The company is committed to supporting independent artists and enhancing its services through its artist services division, WMX [4]
Earnix and Sapiens Partner to Unlock Operational Efficiency for P&C Insurers in EMEA and APAC
Prnewswire· 2025-08-06 10:51
Core Insights - The Earnix Price-It™ Connector for Sapiens IDITSuite offers an integrated pricing and rating solution aimed at optimizing operations for insurers [1][2][3] - This solution is specifically designed for insurers in the EMEA and APAC regions, facilitating product definition and rate building within Earnix while integrating seamlessly into Sapiens IDITSuite workflows [3][4] Company Overview - Sapiens International Corporation is a leading global provider of software solutions for the insurance industry, serving over 600 customers in more than 30 countries [5] - Earnix specializes in intelligent decision-making across pricing, underwriting, and product personalization, with a customer base in over 35 countries [7][8] Partnership Benefits - The partnership between Sapiens and Earnix aims to enhance pricing, rating, and policy management processes through seamless data flow, enabling real-time premium calculations and quote generation [4][3] - The integration allows insurers to respond quickly to market demands, make informed pricing decisions, and improve profitability [4][3] Strategic Goals - The collaboration is focused on addressing the evolving needs of customers by delivering technology that optimizes operations and enhances pricing strategies [4] - Both companies emphasize the importance of operational efficiency and value creation in rating engine flexibility and lifecycle policy processing [4]
OMS Energy Technologies Inc. to Share Strategic Insights at the Third Annual ORY APAC-US Conference on Long-Term Growth
GlobeNewswire News Room· 2025-07-03 10:00
Core Insights - OMS Energy Technologies Inc. is a growth-oriented manufacturer specializing in surface wellhead systems and oil country tubular goods for the oil and gas industry [1][5] - The CEO, Mr. How Meng Hock, will participate in a leadership panel at the Third Annual ORY APAC-US Conference, focusing on sustainable business practices [2][4] - OMS has been operational since 1972 and has established itself as a trusted partner in key energy markets across Asia Pacific, MENA, and West Africa [3] Company Overview - OMS Energy Technologies Inc. was founded in 1972 and has grown to serve critical energy markets in Asia Pacific, MENA, and West Africa [3] - The company has 11 strategically located manufacturing facilities that ensure rapid response times and customized solutions [5] - OMS focuses on deepening customer relationships and investing in advanced manufacturing and R&D to drive innovation and sustainable growth [3][5] Recent Developments - Mr. How Meng Hock has been the CEO since 2014 and oversaw the company's successful Nasdaq listing in May 2025 [3] - Following the IPO, OMS continues to accelerate its growth, supported by strong operational capabilities and a commitment to engineering excellence [3] - The conference co-hosted by Ortoli Rosenstadt LLP and the Nasdaq Stock Market aims to foster global collaboration and dialogue on innovation and capital market strategy [4]
Sapiens Wins Top Honours from Celent for IDITSuite Excellence in EMEA and APAC
Prnewswire· 2025-05-07 10:25
Core Insights - Sapiens International Corporation has been recognized as a Luminary by Celent in its 2025 Policy Administration System reports for EMEA and APAC, highlighting its excellence in functionality and technical capabilities [1][2] - The company also received the XCelent Award for Breadth of Functionality and Customer Service in the EMEA edition of the report, showcasing its commitment to customer-centric solutions [1][2] Product Features - Sapiens IDITSuite for Property & Casualty is an AI-powered, end-to-end insurance software solution that supports various functions including customer acquisition, billing, finance, claims, and renewals [4] - The platform features a modern user interface, embedded Power BI charts for data visualization, and comprehensive API capabilities, enhancing user experience and operational efficiency [3][4] Strategic Partnerships - Sapiens leverages strategic partnerships with Microsoft and OpenAI to integrate advanced technologies into its solutions, providing valuable insights and streamlining processes [3] - The application of GenAI within the platform allows for document interrogation and prompt-based summaries, further enhancing functionality [3] Market Position - Sapiens has maintained its Luminary status across all core Property & Casualty domains since the introduction of the Luminary category, reflecting its sustained leadership and innovation in the market [3] - The company has consistently won Celent's XCelent awards annually since 2018, underscoring its market leadership and commitment to innovation [3]
Verizon's 2025 Data Breach Investigations Report: System Intrusions Behind 80% of APAC Breaches
GlobeNewswire News Room· 2025-04-23 04:01
Core Insights - The 2025 Data Breach Investigations Report (DBIR) by Verizon Business highlights a significant increase in system intrusions in the Asia-Pacific region, with 80% of data breaches attributed to such attacks, up from 38% the previous year [1][2][3] Key APAC Findings - Malware incidents rose dramatically from 58% to 83% year-over-year in the Asia-Pacific region, with ransomware now accounting for 51% of breaches [2][9] - The report indicates a concerning trend of espionage-motivated attacks particularly affecting the Manufacturing and Healthcare sectors, while the Education, Financial, and Retail industries continue to face persistent threats [6] - The involvement of third parties in breaches has doubled, emphasizing the risks associated with supply chains and partner ecosystems [9] Key Global Findings - The report analyzed over 22,000 security incidents, including 12,195 confirmed data breaches across 139 countries, underscoring the global nature of the cybersecurity threat landscape [2] - The median ransom payment to cybercriminals was reported at US$115,000, which poses a significant financial burden for small and medium-sized businesses (SMBs) [7] - A notable increase in breaches due to exploitation of vulnerabilities was observed, with a 34% rise, particularly focusing on zero-day exploits targeting perimeter devices and VPNs [9]
Qualcomm Unveils AI Program to Boost On-Device Innovation in APAC
ZACKS· 2024-12-26 14:30
Group 1: Qualcomm's AI Initiative - Qualcomm has launched the Qualcomm Artificial Intelligence Program for Innovators (QAIPI) 2025 in the Asia-Pacific region, aimed at empowering developers and startups in Japan, Singapore, and South Korea to create on-device AI solutions across mobile, compute, and IoT sectors [7][15] - Applications for QAIPI 2025 are open until April 15, 2025, with the program divided into two phases: Phase 1 focuses on edge-AI model development, while Phase 2 supports shortlisted startups with end-to-end use case development on Qualcomm hardware [8][14] - Participants in QAIPI will receive various incentives, including online training, digital badges, mentorship, Qualcomm hardware access, a $5,000 participation stipend, and up to $5,000 for patent filing [2][14] Group 2: Financial Performance and Market Position - For Q1 fiscal 2025, Qualcomm expects GAAP revenues between $10.5 billion and $11.3 billion, driven by market stabilization and recovery in demand [4] - Qualcomm's shares have increased by 9.3% over the past year, compared to the industry's growth of 27.3% [11] - The company is well-positioned to meet long-term revenue targets, with a focus on transitioning from a mobile communications firm to a connected processor company, potentially expanding its total addressable market to approximately $900 billion by 2030 [16] Group 3: 5G Technology and Market Leadership - Qualcomm is committed to retaining its leadership in the 5G chipset market, with technological achievements that support broad and fast 5G adoption [10] - The company is the only chipset vendor with 5G system-level solutions across both sub-6 and millimeter wave bands, and it is one of the largest RF front-end suppliers [10] - Qualcomm's investments in building a licensing program in mobile are benefiting from the accelerated rollout of 5G technology [16]
Ping An's MSCI ESG Rating Upgraded to AA, Tops APAC Multi-line Insurers & Brokers for Third Straight Year
Prnewswire· 2024-12-06 06:48
Group 1 - Ping An Insurance has been upgraded to an AA ESG rating by MSCI, marking the third consecutive year it leads the Multi-Line Insurance & Brokerage Industry in the Asia-Pacific region [1][2] - The company outperforms industry averages in five key indicators: human capital development, privacy & data security, financing environmental impact, responsible investment, and climate change vulnerability [2] - Ping An is committed to sustainable development as a long-term strategic priority, integrating sustainability into its corporate strategy with a scientific management system and transparent governance structure [3] Group 2 - The company maintains a customer-centric approach and is advancing a technology-driven "integrated finance + healthcare and senior care" strategy [4] - Ping An aims to enhance corporate governance and risk management while promoting green finance initiatives to create sustainable long-term value for stakeholders [4] - As of September 2024, Ping An had over RMB 12 trillion in total assets and ranked 29th in the Forbes Global 2000 list and 53rd in the Fortune Global 500 list [5]
Leading International Law Firms to Host Webinar on November 28, 2024 at 2:30PM AEDT on Going Public in the US for APAC Companies
GlobeNewswire News Room· 2024-11-22 10:10
Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand [4] - The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions [4] - Globavend provides integrated cross-border logistics services, including pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [4] Webinar Announcement - Globavend will present a live webinar on "Going Public in the US – an APAC Experience" on November 28, 2024, at 2:30 p.m. AEDT [1] - The webinar will feature insights from Nasdaq and industry experts regarding the benefits and strategies of going public in the US, particularly for APAC companies [2] - Key presenters include Neil Waldron from Nasdaq, Frank Yau (Chairman and CEO of Globavend), and partners from leading international law firms [3] Strategic Importance - Frank Yau, Chairman and CEO of Globavend, emphasized the importance of Nasdaq as a platform to boost company growth and expressed satisfaction with the collaboration for the webinar [3]
Apollo Opens Seoul Office and Names Jay Hyun Lee Head of Korea as Part of Continued APAC Expansion
GlobeNewswire News Room· 2024-11-18 00:00
Company Expansion - Apollo has opened a new office in Seoul, South Korea, and appointed Jay Hyun Lee as Partner and Head of Korea to support its growth plans in the market [1][4] - The firm has a successful track record in the Asia Pacific region, having established its presence in major cities such as Tokyo, Sydney, Hong Kong, Mumbai, and Singapore since 2006 [2] Leadership and Strategy - As Head of Korea, Lee will focus on driving Apollo's capital formation strategy, building institutional relationships, and expanding the team in South Korea [3] - Lee brings 25 years of financial services experience, previously serving as Senior Executive Vice President at Samsung Securities and holding key roles at Goldman Sachs, BNP Paribas, J.P. Morgan, and KPMG Korea [5] Market Opportunity - Apollo views South Korea as a leading financial hub with significant opportunities to serve investors and retirees, addressing the growing demand for flexible and creative capital solutions [4] - The firm aims to collaborate with pensions, insurers, and other institutions to provide yield-oriented solutions for individuals and savers seeking duration-matched income products [4] Academic Collaboration - Apollo has appointed Dr. Sam Young Chung, a professor at Yonsei University, as an Academic Advisor in Asia Pacific to leverage his expertise in retirement solutions and alternative assets [6] Company Overview - Apollo is a high-growth global alternative asset manager with approximately $733 billion in assets under management as of September 30, 2024 [7]
Bob Iger Says Disney EMEA & APAC Content Investments “Slowing” But Will Continue On “Selective” Basis: “We're Being Careful Until We Get The Technology Right”
Deadline· 2024-11-14 15:12
Group 1 - Disney's content investment in EMEA and APAC has "slowed down" due to technology challenges and strong performance of Hollywood movies in local markets [1] - The CEO indicated a mixed outlook for international spending, highlighting "opportunities" for selective investments outside the U.S., but cautioning that these should not be seen as "enormous" [2] - Local success of billion-dollar movies like Deadpool & Wolverine and Inside Out 2 suggests less need for locally-produced content compared to other regions [2][3] Group 2 - Disney is being cautious with international investments until technology issues are resolved, though specifics on these issues were not disclosed [4] - In India, Disney has formed a new $8.5 billion joint venture with Reliance Industries, where Reliance will own two-thirds of the shares and manage the business [5] - The deal merges Disney's Star India TV and Disney+ Hotstar with Reliance's JioCinema and Viacom18, with Disney retaining an ownership stake in the high thirties [6]