CHARGEBEE ENABLES SUBSCRIPTION BUSINESSES TO COMBAT ECONOMIC TURMOIL WITH 2022 SUMMER PRODUCT RELEASE

New Product Launch Leans Heavily on Customer Retention, Monetization and Streamlining Revenue Operations

San Francisco, Calif., July 29 (Bernama-GLOBE NEWSWIRE) -- Chargebee, the leading subscription management platform, today announced its Summer 2022 Product Release. The slate of new products and features is focused on enabling high-performing subscription businesses to monetize their existing customers and fend off the growing threats of a tumultuous economy. These new products help businesses build their cash reserves and maintain their customer base at a time when many businesses - and their customers - are struggling with the realities of inflation and drying up of venture capital, the lingering effects of COVID-19 and a decimated global supply chain. 

The centerpiece of Chargebee’s Summer 2022 Product Release is Chargebee Retention, formerly Brightback, which along with Chargebee Receivables (numberz), and RevRec (RevLock), all acquired by Chargebee over the last 18 months, represent Chargebee’s initial foray into becoming a true multi-product company. 

Chargebee Retention allows businesses to focus on keeping the customers they already have at a time when both businesses and consumers are being forced to evaluate everything in their portfolios and make difficult decisions. Chargebee Retention enables businesses to customize cancellation experiences with offers geared towards continuing the customer relationship and allows businesses to test out personalized retention-magnet strategies to minimize voluntary churn and strengthen customer lifetime value with an ROI of as much as 800%. 

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YILI BECOMES DAIRY PARTNER FOR THE G20 INDONESIA SUMMIT

KUALA LUMPUR, July 22 (Bernama) -- Yili Group has become the dairy partner for the G20 Indonesia Summit to be held this year.

Joyday, produced by PT Yili Indonesia Dairy, will bring the cool taste of ice cream to participants from worldwide, it said in a statement today.

This is Yili’s second collaboration with the G20 summit since the 2016 G20 Hangzhou Summit, and it is in keeping with the company's commitment to achieving “World Integrally Sharing Health” and values shared with the G20 Committee.

The Yili Indonesia Dairy Production Base, which opened in December 2021, manufactures Joyday brand ice cream for the Indonesian and Southeast Asian markets.

On completion of its second phase, the production base will become the country's largest ice cream factory, with a daily production capacity of four million ice cream products.

“As one of the world's top five dairy companies and Asia's largest player in the industry, Yili has been actively embracing resources, markets and talent across the globe and fostering synergies and collaborations throughout the global industrial chain,” the group said.

Currently, Yili owns 74 production bases and 15 global innovation and research and development centres globally and has established partnerships with more than 2,000 enterprises in 39 countries and regions.

Yili adheres strictly to its New Vision for Value Creation in its global development. The company continues to innovate in order to provide high-quality dairy products and services to global consumers while meeting their nutritional needs and inspiring healthier lifestyles.

On July 13, Yili announced a new collaboration agreement with the G20 Committee to jointly support coral reef conservation in the Komodo National Park of Indonesia, covering reef restoration, beaches and underwater cleaning.

Yili has been actively assisting local communities, both domestic and global, in combating the pandemic, providing preferential subsidies to local partners' businesses and donating masks and dairy products to help safeguard people's physical and emotional health.

-- BERNAMA

SAINT LUCIA REPOSITIONING CITIZENSHIP BY INVESTMENT PROGRAMME UNDER NEW SLOGAN

KUALA LUMPUR, July 15 (Bernama) -- The Saint Lucia Citizenship by Investment Programme Unit, a statutory body of the government is marketing and repositioning the programme under a new slogan called “Beyond the Passport”.

The Citizenship by Investment Programme (CIP) of Saint Lucia is one of the youngest economic citizenship programmes in the Caribbean, according to a statement from CS Global Partners.

The head of the CIP Unit, Mc Claude Emmanuel said the unit is making the programme more effective for locals as well as for investors.

He noted that the funds generated by the CIP of Saint Lucia are used for the development of the country, and the impact must benefit every Saint Lucian.

“Funds generated by the CIP are important for Saint Lucia. The government generates revenue from the donation offered through the programme, which is then spent on different development projects island-wide. The revenue benefits social sectors, such as schools, healthcare, roads and housing,” said Mc Claude Emmanuel.

The government has set up a dedicated Citizenship by Investment Board that oversees all the operations and assists investors while facilitating unmatched benefits for the country and its people.

Saint Lucia has been moving ahead with plans to position itself as a notable alternative to global investors in the investment mobility industry.

An investor can apply for alternative citizenship of Saint Lucia through the National Economic Fund Investment, most commonly known as the Fund Option under which the investors contribute to the country's socio-economic development.

-- BERNAMA

JUNIPER RESEARCH: IDENTITY & ACCESS MANAGEMENT SPEND TO REACH $26 BILLION GLOBALLY BY 2027; DRIVEN BY SUBSCRIPTION MODEL GROWTH

 

BASINGSTOKE, England, July 4 (Bernama-BUSINESS WIRE) -- A new study from Juniper Research has found that global spend on identity & access management solutions will rise from $16 billion in 2022 to $26 billion by 2027; representing an absolute growth of 62% over the next 5 years.

Identity & access management includes B2B security solutions that enable the monitoring and management of users’ access to an enterprise’s applications, databases and IT services.

• Key Drivers: The increasing demand for identity & access management will originate from small businesses which, until the proliferation of the subscription model, were often unable to afford comprehensive suites of identity & access management services.
• New research report: Identity & Access Management: Vendor Strategies, Vertical Analysis & Market Forecasts 2022-2027
• Free whitepaper: Identity & Access Management ~ The SaaS Takeover

Service Providers Must Target Small Businesses for Revenue Growth

The new research found that 94% of global identity & access management spend will be attributable to the subscription model by 2027; rising from 60% in 2022. It anticipates that the use of the subscription model will become increasingly popular amongst small businesses, by minimising the initial acquisition cost of identity & access management services.

Additionally, the subscription model will enable service vendors to provide regular software updates that continually improve the value proposition of their platforms. The research found that annual spend on identity & access management solutions by small businesses via subscription models will surpass $370 million globally by 2027, up from $178 million in 2022. In turn, identity & access management vendors must capitalise on this growth by developing flexible pricing models that appeal to the small business sector.

Regulatory Compliance Represents Key Opportunity for Software Vendors

Furthermore, as enterprise adoption of cloud computing infrastructure increases, so too will the demand for effective cybersecurity policies to prevent revenue losses. The report anticipates that identity & access management solutions will represent a significant cornerstone of corporate cybersecurity initiatives, as firms seek to meet increasingly stringent regulatory compliances; driving market growth.

View Identity & Access Management market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/identity-access-management

Download the whitepaper: https://www.juniperresearch.com/whitepapers/identity-access-management-the-saas-takeover

Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.

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Contact

For further details contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com

Source : Juniper Research

Qianhai Becomes 'Dream Big Place' For Youths Integrating Into Greater Bay Area

KUALA LUMPUR, June 29 (Bernama) -- On June 27, ‘2022 Qianhai Guangdong-Hong Kong-Macao-Taiwan Youth Innovation and Entrepreneurship Competition’ was officially kicked off, marking the start of series of activities ‘Shenzhen-Hong Kong Cooperation to Create the Future’0 to celebrate the 25th anniversary of the return of Hong Kong to the motherland, according to Authority of Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone.

For many ambitious young people, this promises more opportunities and a better start, according to a statement.

Sunny Zhou, a young lady from Guangdong, is director of a Macao-funded company. Her project won the silver medal in the finals of the competition last year. "The contest has provided us an opportunity to meet many industry experts and entrepreneurial partners from different places, and has brought us new ideas for entrepreneurship," she said.

To provide greater support to participants, this year's competition is fully upgraded. The winning projects can directly advance to the Industry Finals of China (Shenzhen) Innovation and Entrepreneurship Competition. Professional mentors are introduced to provide one-on-one counselling.

Besides, the winners can be given priority to settle in Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (QSHKYIEH) and enjoy relevant preferential policies. The competition has set four sub-regions, with a total prize of more than CNY7 million.

The event has been held for six consecutive years since 2016, taking in altogether about 6,000 entries, including nearly 3,000 from Hong Kong, Macao and other places. By promoting the transformation of relevant scientific and technological achievements, Qianhai has become a ‘dream-big place’ for many youths.

Lee Jee Bong from Hong Kong, who has once taken part in the contest, is one of such entrepreneurs in Qianhai. Last year, the project of his company was awarded the silver prize in the Enterprise Growth Category of the competition finals.

"The technical requirements of our product are high, and we need plenty of professional talents. Qianhai has policies and services appealing to talents, so excellent heads and minds gather. It is easy to get access to the Greater Bay Area and the broader domestic market. That's why we are based here," he said.

"QSHKYIEH is where our dream started and will be the place where we can fulfill our dream," said Lee Jee Bong.The QSHKYIEH he mentioned is well-renowned in Hong Kong's entrepreneurial youth circle and considered by many Hong Kongers as the first choice to start a business.

"Qianhai is the bridgehead of Hong Kong-Shenzhen cooperation and the first stop for Hong Kong youth to develop in the mainland. I hope more Hong Kong youth can pursue their dreams and fulfill them in Qianhai and the Greater Bay Area," said Kenneth Fok Kai-kong, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Hong Kong Legislative Council, at the launch ceremony.

-- BERNAMA

PURE HARVEST SMART FARMS SECURES USD $180.5 MILLION FROM GLOBAL INVESTORS TO FUND EXPANSION

 

• 
  Funding takes total capital raised to-date to $387.1 million, fortifying the company’s position among the best-funded startups in the MEASA region.

• Ambitious growth plan includes high-tech hybrid smart farms across the GCC and Asia.

• A diverse, global investor base supports Pure Harvest’s mission to democratize access to high-quality, sustainably-grown, fresh fruits and vegetables.

ABU DHABI, United Arab Emirates, July 1 (Bernama-BUSINESS WIRE) -- Pure Harvest Smart Farms (Pure Harvest), a world-leading, sustainable technology-enabled agribusiness headquartered in the United Arab Emirates, raised USD $180.5 million in their latest growth funding round. The financing was embraced by a consortium of key global investors, including Metric Capital Partners, UK, IMM Investment Corp, Korea, and Olayan Group, KSA, joined by several existing investors and management. The company will utilize the capital, together with various forms of debt financing, to invest in research and development, to expand its footprint across the GCC, and to open new markets in Asia.

This represents the largest-ever convertible financing in the MEASA region. The funding round was vastly oversubscribed, and a few strategic investors are still in discussions for further upsizing, underscoring the strong institutional investor appetite for Pure Harvest. The growth capital cements Pure Harvest’s role as the MEASA region’s champion within the fast-emerging, global high-tech agriculture ecosystem.

Sky Kurtz, Co-Founder and CEO at Pure Harvest Smart Farms, said: “We are humbled by this investment from an esteemed group of global investors, backing our mission: to harness the wonders of science, the power of nature, and the passions of people to provide tasty, affordable, sustainably-grown fresh produce anywhere. At Pure Harvest we have demonstrated we can reliably deploy our high-tech farming solutions across the GCC. Now it is time to enter new markets that share similar challenges to our own – fast-growing populations, seasonal import-dependence, and an awareness of the crippling effects that short-term crises (e.g. COVID-19, Russia-Ukraine conflict), and climate change, are having on our global food system. The future of farming is here… now, we have the resources to bring our solution to the world.”

Metric Capital Partners, the London headquartered, pan-European private equity investor providing capital solutions to mid-sized companies across a wide variety of industries, was a co-lead investor. Bjørn Tessiore, Partner at Metric Capital Partners said: “We are delighted to support the continued growth of Pure Harvest. It’s clear that controlled-environment agriculture is becoming increasingly important as a solution to food security issues while also mitigating the environmental impact of food production. We believe Pure Harvest is extremely well positioned to thrive in this growing market driven by its excellent team, innovative approach, and proven track record of building and operating at scale in a region characterized by difficult climatic conditions for agriculture.”

Commenting for IMM Investment Corp, the leading alternative investment firm in Korea, who announced an initial USD $50 million investment in Pure Harvest in October, Hyun-Chan Cho, Partner at IMM commented: “Due to our longstanding successful investment in Farm8 (PlanTFarm), we knew the CEA space well. With Pure Harvest, we saw a complementary solution that let us double-down on an investment thesis that we continue to believe in, and that tangibly contributes to global food security, water conservation, economic diversification, and sustainability objectives. We are proud to actively support Pure Harvest as it brings its solution to Asian markets.”

The Olayan Financing Company, a Saudi company holding and managing the Olayan Group’s Middle Eastern assets, was another key investor in this round of fundraising. A spokesperson for the company, discussed their recent investment: “Pure Harvest’s character aligns closely to our own: they saw an impending global food security crisis and have taken an important step to solve it. The climate and water challenges Pure Harvest works to overcome is vital to the global economy. Pure Harvest has proven its ability to deliver incredibly high-quality, safe, sustainable products at affordable prices, and they’ve shown an openness to partner with others to achieve their mission. I believe this funding will allow them to unleash significant potential, and to meet growing food demands in many new markets. We are pleased to be joining the company at this critical point in their journey, transitioning from a regional leader to a global one.”

This latest round of fundraising cements Pure Harvest’s leadership position as the pioneer in CEA in harsh climates. This fundraise, together with the sizable research and development incentives secured from the Abu Dhabi Investment Office in 2020, will allow Pure Harvest to accelerate its growth plans, deploying growing systems in new markets and increasing research and development investments. The company is also investigating a number of new growth initiatives, including product extensions and water-efficient CEA solutions for fodder production.

Citigroup served as exclusive financial advisor to Pure Harvest.

This announcement is not for publication or distribution, directly or indirectly, in or into the United States of America. This announcement is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States, except pursuant to an applicable exemption from registration. No public offering of securities is being made in the United States.

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Contact

Media Enquiries
David Caldwell
pureharvest@cw8-communications.com

Source : Pure Harvest

MCO LAUNCHES KNOW YOUR RISK (KYR) TO PROVIDE FINANCIAL SERVICES FIRMS WITH COMPREHENSIVE COMPLIANCE GOVERNANCE AND OVERSIGHT

New offering allows firms to develop a complete view of compliance risk and assurance over time

DUBLIN, June 29 (Bernama-BUSINESS WIRE) -- Global conduct risk and compliance technology provider MCO (MyComplianceOffice), announced today the launch of its new Governance and Oversight suite, Know Your Risk (KYR). KYR is a modular solution that enables firms to set regulatory priorities, identify policy and procedure gaps, and deliver proof of adherence with metrics and documentation.

The acquisition of Governor software served as the genesis for KYR. Full integration with the MyComplianceOffice platform, including access to the same data sources as other MCO products, provides firms with a complete overview of their organization’s risk profile.

“Chief Compliance Officers need to be agile and forward looking to manage both their current portfolio of risk along with emerging threats. KYR provides compliance teams with an understanding of the gaps and overlaps in the firm’s policy and control framework, as well as the ability to prove assurance of compliance,” said Richard Pike, Managing Director at MCO. “KYR effectively empowers CCOs to better understand the relationship between the first line activities of the business and the oversight activities of compliance.” 

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THE EUROPEAN UNION SUPPORTS DOMINICA'S EFFORTS TO BECOME CLIMATE-RESILIENT

 Roseau, July 1 (Bernama-GLOBE NEWSWIRE) -- The Financial Secretary of the Commonwealth of Dominica had a discussion with the European Union (EU) dignitaries in Brussels, Belgium, on 23 June 23, to discuss Dominica's journey to becoming the world's first climate-resilient nation.

Denise Edwards represented the country during the discussions with the European Member of Parliament (MEP) – Stéphane Bijoux, and the new MEP from Martinique Max Orville.

MEP Stéphane Bijoux lauded Dominica's efforts to become a climate-resilient nation and to promote eco-tourism. He also assured support for the country as it forges ahead with a number of initiatives that will enable it to realise this goal and establish resilient infrastructure to withstand natural catastrophes.

Furthermore, Bijoux asserted, "Climate change is a severe threat that impacts everyone regardless of creed or stature – sadly, Small Island Developing States such as Dominica are bearing the brunt of catastrophic weather patterns. It is our responsibility to partner with developing countries as solidarity is needed in the fight against climate change."

Dominica has garnered appreciation for promoting as well as encouraging sustainable tourism and preserving its natural assets. The country has been at the frontline of the war against natural disasters, including hurricanes, tropical storms, and cyclones. Additionally, Bijoux mentioned that the country is recovering very well from the global crisis caused by the COVID-19 pandemic. 

Dominica has been shattered by various hurricanes and tropical storms, and the country has been building back better after 90 percent of its infrastructure was devastated by Tropical Storm Erika (2015) and Hurricane Maria (2017).

The EU provided €8.9 million in financial assistance under the European Development Fund (EDF) to Dominica at the time Tropical Storm Erika hit the country in 2015. In addition to that, the European Commission's Civil Protection and Humanitarian Aid department also provided €250,000 in emergency humanitarian aid to Dominica following the severe destruction caused by Hurricane Maria, which devastated the island in 2017.

Further, Dominica has also signed the CARIFORUM-EU Economic Partnership Agreement (EPA), which emphasises development cooperation.

The island nation of Dominica is making the right strides in its quest to become a climate-resilient nation. The construction of its geothermal plant is almost complete.

The plant will enable the country to reduce its reliance on fossil fuels.

In 1992 the United Nations made an urgent call to all countries to tackle climate change amongst other issues and, in 2015 the 17 Sustainable Development Goals (SDGs) were developed.

Dominica is already on its way to achieving six of the 17 SDGs for its nation, these include No Poverty; Good Health and Wellbeing; Affordable and Clean Energy; Industry, Innovation, and Infrastructure; Sustainable Cities and Communities, and Climate Action.

As hurricanes become more frequent and more intense, Dominica and other small islands are seeking new opportunities which lie in decarbonisation and renewable energy technologies to aid more sustainable forms of tourism and digitisation of the economy.

The country, which can be counted among the few nations that can be termed "carbon neutral" is enhancing its resilience agenda by utilising resources on the island to generate energy.

The geothermal plant will ensure that the country is powered by renewable energy, reducing energy costs and carbon emissions while simultaneously creating jobs.

Along with the geothermal plant, the island is ensuring that all infrastructure on the island is developed with sustainability and resilience in mind – all buildings from homes to hospitals, are built to withstand weather disasters.

Dominica's tourism sector is also witnessing a green revitalisation, thanks to the introduction and construction of boutique environmentally sensitive villas and resorts.

As the country moves towards complete climate resilience, visitors can be confident that their trip helps preserve and boost the environment. Those who fall in love with the country can be pleased to know that they can make it their ideal second home. 


PR Dominica
Commonwealth of Dominica
001 (767) 266 3919
cbiusecretary@dominica.gov.dm

SOURCE : Commonwealth of Dominica