HONG KONG, Jan 25 (Bernama-BUSINESS WIRE) -- AM Best has affirmed the Financial Strength Rating (FSR) of A+ (Superior) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “aa-” of The Dai-ichi Life Insurance Company, Limited (DL) (Japan). The outlook of these Credit Ratings (ratings) is stable.
The ratings reflect DL’s balance sheet strength, which AM Best categorizes as very strong, as well as its strong operating performance, favorable business profile and appropriate enterprise risk management.
DL’s balance sheet strength is due in part to its risk-adjusted capitalization being at the strongest level, as measured by Best’s Capital Adequacy Ratio. In addition, financial leverage ratios at its holding company remain conservative, with adjusted debt leverage ratios generally under 25% on a consolidated basis.
DL’s operating performance over the most-recent five-year period consistently have been positive, generating ordinary profits in excess of JPY 250 billion per annum. Additionally, its key operating metrics, which include operating return on assets, also have been relatively stable, owing largely to the large mortality and morbidity gains from DL’s in-force portfolio, as well as stable net investment yields of approximately 2% over the five-year period.
DL is a wholly owned subsidiary of Dai-ichi Life Holdings, Inc., which is one of Japan’s largest life insurance groups in terms of premium income. Through its several insurance subsidiaries, the group maintains a strong competitive market position in Japan. The group also has a growing book of overseas insurance business, which accounts for approximately 40% of its premium revenue.
The stable outlooks reflect AM Best’s expectation that DL will maintain strong and consistent operating performance, supported by an in-force book that is expected to generate favorable returns on embedded value and a stable economic solvency ratio over the medium and long term.
Negative rating actions could occur if there is material deterioration in DL’s risk-adjusted capitalization or sustained deterioration in the company’s operating performance. Additionally, the ratings could be downgraded if a material deterioration in the credit profile of its ultimate parent occurs.
Ratings are communicated to rated entities prior to publication. Unless stated otherwise, the ratings were not amended subsequent to that communication.
This press release relates to Credit Ratings that have been published on AM Best’s website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best’s Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Understanding Best’s Credit Ratings. For information on the proper media use of Best’s Credit Ratings and AM Best press releases, please view Guide for Media - Proper Use of Best’s Credit Ratings and AM Best Rating Action Press Releases.
AM Best is a global rating agency and information provider with a unique focus on the insurance industry. Visit www.ambest.com for more information.
http://mrem.bernama.com/viewsm.php?idm=33687
Friday, 25 January 2019
Thursday, 24 January 2019
KYRIBA PURCHASES FIREAPPS TO CREATE MOST ROBUST END-TO-END SOLUTION FOR HELPING CFOS AND TREASURY EXECUTIVES BETTER MANAGE GLOBAL FX RISK
The inability to easily manage wild currency fluctuations costs global corporations at least $39B during the first half of 2018, highlighting the need for a single-vendor solution
NEW YORK, Jan 24 (Bernama-BUSINESS WIRE) -- Kyriba, the global leader in cloud treasury and finance solutions, today announced it has reached an agreement to acquire FiREapps, the leader in enterprise currency management, in a deal that creates the most advanced and effective solution for seamlessly managing the entire lifecycle of global foreign exchange (FX) risk.
The agreement will combine two global leaders in cloud treasury and risk management, and further enhance Kyriba’s capabilities for safeguarding its clients against the entire continuum of financial and operational risk, including FX exposures, payments fraud, regulatory risk and more.
“FX volatility is a major strategic challenge for treasury organizations,” said Kevin Permenter, senior research analyst for enterprise applications at IDC, a leading technology analyst firm. “Financial leaders doing business in multiple countries should be looking to adopt a more holistic approach to their global risk management strategies.”
The acquisition will create a highly advanced solution for managing global FX risk, including data gathering and consolidation, reporting, analytics, decision support, payments, hedge accounting and more. The combined result is a faster, more efficient way to manage FX exposures than using old school processes involving spreadsheets and manual data gathering across multiple systems.
In a published case study, treasury executives from a multibillion dollar US consumer goods company shared the results of using Kyriba and FiREapps to better manage their cash, liquidity, payments and currency exposure across 38 ERP systems, 25 different business units and dozens of global banks. The initial result was a dramatic reduction in foreign currency net losses, from $90M (cumulative) in 2013-2015 down to $2M in 2016, and a near doubling of cash visibility to 95 percent.
“The acquisition of FiREapps deepens our commitment to helping senior financial executives be more agile and efficient in managing all types of risk, including FX exposures,” said Jean-Luc Robert, chairman and CEO of Kyriba. “We are excited to welcome FiREapps customers, employees and partners into the Kyriba family.”
The FX market is one of the largest financial markets in the world, and has become increasingly volatile thanks to geo-political events such as Brexit, trade wars and continued pressure from hyper-inflationary economies. According to FiREapps data, global corporations lost at least $39 billion during the first half of 2018, up from $14 billion during the same period the year before. The analysis, from FiREapps’ “Q2 2018 Currency Impact Report,” sampled data from 1,200 publicly held multinational companies worldwide.
“The market has been asking for a single-vendor solution to manage the entire breadth of FX currency exposure,” said Wolfgang Koester, founder and CEO of FiREapps. “By joining with Kyriba, we fill that gap with a highly differentiated solution, while also aligning with world-class capabilities for cash and risk management, payments, working capital optimization and more.”
About Kyriba Corp.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and financial risk, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005318/en/
Contact
Kyriba
Daniel Shaffer, +1 (858) 263-2218
dshaffer@kyriba.com
Source : Kyriba Corp.
--BERNAMA
NEW YORK, Jan 24 (Bernama-BUSINESS WIRE) -- Kyriba, the global leader in cloud treasury and finance solutions, today announced it has reached an agreement to acquire FiREapps, the leader in enterprise currency management, in a deal that creates the most advanced and effective solution for seamlessly managing the entire lifecycle of global foreign exchange (FX) risk.
The agreement will combine two global leaders in cloud treasury and risk management, and further enhance Kyriba’s capabilities for safeguarding its clients against the entire continuum of financial and operational risk, including FX exposures, payments fraud, regulatory risk and more.
“FX volatility is a major strategic challenge for treasury organizations,” said Kevin Permenter, senior research analyst for enterprise applications at IDC, a leading technology analyst firm. “Financial leaders doing business in multiple countries should be looking to adopt a more holistic approach to their global risk management strategies.”
The acquisition will create a highly advanced solution for managing global FX risk, including data gathering and consolidation, reporting, analytics, decision support, payments, hedge accounting and more. The combined result is a faster, more efficient way to manage FX exposures than using old school processes involving spreadsheets and manual data gathering across multiple systems.
In a published case study, treasury executives from a multibillion dollar US consumer goods company shared the results of using Kyriba and FiREapps to better manage their cash, liquidity, payments and currency exposure across 38 ERP systems, 25 different business units and dozens of global banks. The initial result was a dramatic reduction in foreign currency net losses, from $90M (cumulative) in 2013-2015 down to $2M in 2016, and a near doubling of cash visibility to 95 percent.
“The acquisition of FiREapps deepens our commitment to helping senior financial executives be more agile and efficient in managing all types of risk, including FX exposures,” said Jean-Luc Robert, chairman and CEO of Kyriba. “We are excited to welcome FiREapps customers, employees and partners into the Kyriba family.”
The FX market is one of the largest financial markets in the world, and has become increasingly volatile thanks to geo-political events such as Brexit, trade wars and continued pressure from hyper-inflationary economies. According to FiREapps data, global corporations lost at least $39 billion during the first half of 2018, up from $14 billion during the same period the year before. The analysis, from FiREapps’ “Q2 2018 Currency Impact Report,” sampled data from 1,200 publicly held multinational companies worldwide.
“The market has been asking for a single-vendor solution to manage the entire breadth of FX currency exposure,” said Wolfgang Koester, founder and CEO of FiREapps. “By joining with Kyriba, we fill that gap with a highly differentiated solution, while also aligning with world-class capabilities for cash and risk management, payments, working capital optimization and more.”
About Kyriba Corp.
Kyriba empowers financial leaders and their teams with award-winning solutions for cash and risk management, payments and supply chain finance. Kyriba delivers a highly secure, 100 percent SaaS enterprise platform, superior bank connectivity and a seamlessly integrated solution set for tackling today’s most complex financial challenges. Thousands of companies, including many of the world’s largest organizations, rely on Kyriba to streamline key processes, protect against loss from fraud and financial risk, and accelerate growth opportunities through improved decision support. Technology analyst firm IDC recognized Kyriba as a global leader in its MarketScape for SaaS and cloud-enabled treasury and risk management applications for 2017-2018. Kyriba is headquartered in New York, with offices in San Diego, Paris, London, Tokyo, Dubai and other major locations. For more information, visit www.kyriba.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005318/en/
Contact
Kyriba
Daniel Shaffer, +1 (858) 263-2218
dshaffer@kyriba.com
Source : Kyriba Corp.
--BERNAMA
PAPA JOHN'S APPOINTS MARVIN BOAKYE AS FIRST CHIEF PEOPLE OFFICER
LOUISVILLE, Ky, Jan 24 (Bernama-BUSINESS WIRE) -- Papa John’s International, Inc., (NASDAQ: PZZA) one of the world’s largest pizza delivery companies, announced today the appointment of Marvin Boakye as its first Chief People Officer. He will serve as a member of the Papa John’s Executive Leadership Team and report to President and CEO Steve Ritchie.
Boakye has more than 20 years of human resources experience, as well as expertise in change management and culture transformation. He has held human resources leadership roles for organizations across the United States, Canada and Latin America. Boakye joins Papa John’s after serving as vice president of human resources at petroleum company Andeavor in San Antonio, Texas, which was recently acquired by Marathon Petroleum. Prior to Andeavor, he was chief human resources officer for MTS Allstream, a telecommunications company now part of Bell Canada, and held senior human resources positions at Goodyear, Pulte Group and The Home Depot.
“Boakye’s expertise will help us to continue to push Papa John’s forward in our transformation to become a better place to work for our 120,000 corporate and franchise team members,” said Papa John’s President and CEO Steve Ritchie. “In our search for a Chief People Officer, our goal was to identify a proven talent development leader with expertise in driving organizational change. Boakye’s impressive background will be an important asset to Papa John’s growth strategy, especially as we continue to focus on our business outside of North America.”
Boakye will play a critical leadership role in implementing the company’s talent management strategy, which includes overseeing people operations; compensation and benefits; and learning and development. He replaces Senior Vice President of People Operations Bob Smith, who retired from Papa John’s in August 2018 after serving 15 years with the company.
About Papa John's
Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world's third-largest pizza delivery company. In 2018, consumers rated Papa John’s No. 1 in product and service quality among national pizza chains in the American Customer Satisfaction Index (ACSI). For 17 of the past 19 years, consumers have rated Papa John's No. 1 in customer satisfaction among national pizza chains in the American Customer Satisfaction Index (ACSI).
For more information about the company or to order pizza online, visit Papa John's at www.papajohns.com.
Boakye has more than 20 years of human resources experience, as well as expertise in change management and culture transformation. He has held human resources leadership roles for organizations across the United States, Canada and Latin America. Boakye joins Papa John’s after serving as vice president of human resources at petroleum company Andeavor in San Antonio, Texas, which was recently acquired by Marathon Petroleum. Prior to Andeavor, he was chief human resources officer for MTS Allstream, a telecommunications company now part of Bell Canada, and held senior human resources positions at Goodyear, Pulte Group and The Home Depot.
“Boakye’s expertise will help us to continue to push Papa John’s forward in our transformation to become a better place to work for our 120,000 corporate and franchise team members,” said Papa John’s President and CEO Steve Ritchie. “In our search for a Chief People Officer, our goal was to identify a proven talent development leader with expertise in driving organizational change. Boakye’s impressive background will be an important asset to Papa John’s growth strategy, especially as we continue to focus on our business outside of North America.”
Boakye will play a critical leadership role in implementing the company’s talent management strategy, which includes overseeing people operations; compensation and benefits; and learning and development. He replaces Senior Vice President of People Operations Bob Smith, who retired from Papa John’s in August 2018 after serving 15 years with the company.
About Papa John's
Headquartered in Louisville, Kentucky, Papa John's International, Inc. (NASDAQ: PZZA) is the world's third-largest pizza delivery company. In 2018, consumers rated Papa John’s No. 1 in product and service quality among national pizza chains in the American Customer Satisfaction Index (ACSI). For 17 of the past 19 years, consumers have rated Papa John's No. 1 in customer satisfaction among national pizza chains in the American Customer Satisfaction Index (ACSI).
For more information about the company or to order pizza online, visit Papa John's at www.papajohns.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20190123005518/en/
Contact
Madeline Chadwick
Vice President of Communications
(O) 502.261.4189
Madeline_Chadwick@papajohns.com
Source : Papa John’s International, Inc.
Contact
Madeline Chadwick
Vice President of Communications
(O) 502.261.4189
Madeline_Chadwick@papajohns.com
Source : Papa John’s International, Inc.
Business leaders socially aware, new YPO survey shows
KUALA LUMPUR, Jan 23 (Bernama) – The YPO 2019 Global Leadership Survey held from Dec 23, 2018 – Jan 4, 2019 with the participation of over 2,200 chief executives and over 1,800 future business leaders showed that a vast majority believe that the purpose of business is to have an impact on society beyond profits and wealth.
Key findings available at YPO.org/Davos found that 93 per cent of the C-Suite from 110 countries and 92 per cent of the younger generation aged between 18 and 31 agree on this.
The study by the Young Presidents’ Organization (YPO) found that 74 per cent of the CEOs say their perspective on their role as a business leader has changed in the past five years with employees (43 per cent), colleagues (40 per cent) and their children (37 per cent) cited as some of the top influencers behind this.
They also said that they are much more inclined to make an impact through their business than by being involved in politics.
They pointed to government regulations (51 per cent) and taxation (27 per cent) as the biggest stumbling blocks to creating a greater impact through their business.
They also said that their top three concerns for the future are climate change (37 per cent), lack of quality education (37 per cent), as well as peace, justice and global institutions (30 per cent).
In addressing the concerns, 57 per cent are ensuring their business makes a positive difference, 49 per cent are creating jobs and prosperity for people, and 43 per cent are teaching/mentoring.
Additionally, reducing waste/environmental impact were key focal points for participants in Asia (44 per cent), Europe (44 per cent) and Africa (43 per cent).
Among the future business leaders, 37 per cent also said climate change was a big concern with 55 per cent wanting to reduce their environmental impact.
In contrast to the viewpoint of the CEOs on the barriers to becoming a force for good, the young respondents said corruption (42 per cent) and not being interested in doing more (32 per cent) are the impediments to positive impact.
YPO will be sharing the 2019 Global Leadership Survey findings at an upcoming panel discussion entitled Profit with Purpose: A New Global Model in Davos, Switzerland on Jan 24.
For details, visit https://www.ypo.org.
-- BERNAMA
Key findings available at YPO.org/Davos found that 93 per cent of the C-Suite from 110 countries and 92 per cent of the younger generation aged between 18 and 31 agree on this.
The study by the Young Presidents’ Organization (YPO) found that 74 per cent of the CEOs say their perspective on their role as a business leader has changed in the past five years with employees (43 per cent), colleagues (40 per cent) and their children (37 per cent) cited as some of the top influencers behind this.
They also said that they are much more inclined to make an impact through their business than by being involved in politics.
They pointed to government regulations (51 per cent) and taxation (27 per cent) as the biggest stumbling blocks to creating a greater impact through their business.
They also said that their top three concerns for the future are climate change (37 per cent), lack of quality education (37 per cent), as well as peace, justice and global institutions (30 per cent).
In addressing the concerns, 57 per cent are ensuring their business makes a positive difference, 49 per cent are creating jobs and prosperity for people, and 43 per cent are teaching/mentoring.
Additionally, reducing waste/environmental impact were key focal points for participants in Asia (44 per cent), Europe (44 per cent) and Africa (43 per cent).
Among the future business leaders, 37 per cent also said climate change was a big concern with 55 per cent wanting to reduce their environmental impact.
In contrast to the viewpoint of the CEOs on the barriers to becoming a force for good, the young respondents said corruption (42 per cent) and not being interested in doing more (32 per cent) are the impediments to positive impact.
YPO will be sharing the 2019 Global Leadership Survey findings at an upcoming panel discussion entitled Profit with Purpose: A New Global Model in Davos, Switzerland on Jan 24.
For details, visit https://www.ypo.org.
-- BERNAMA
BROADBAND TOWER SELECTS JUNIPER NETWORKS TO BUILD NEW 5G-READY DATA CENTER IN JAPAN
Powering Japan’s businesses in the 5G era through a simplified, flexible and automated network infrastructure
TOKYO, Jan 24 (Bernama-GLOBE NEWSWIRE) -- Juniper Networks (NYSE:JNPR), an industry leader in automated, scalable and secure networks, today announced that BroadBand Tower, one of Japan’s largest data center providers, has selected Juniper Network’s high-performing solutions to power its ‘Next-Gen 5G data center’ situated in the central Tokyo district of Otemachi, which will support the rapidly accelerating 5G mobile and next-generation ICT infrastructure demands of the densely-populated urban capital.
With this in place, BroadBand Tower will be able to offer data center services that accommodate the emerging 5G needs of their customers, including the demands for high-volume traffic and speed from major telcos, enterprises and OTTs, all while ensuring consistent high-speed connectivity to the end-user. To achieve this, BroadBand Tower required a network architecture that could provide both flexibility and programmability, which are crucial for the constantly evolving demands of the 5G era.
Through a stringent selection criteria, Juniper’s MX204 Universal Routing Platform was selected for its ultra-high density and throughput to enable high-speed and uninterrupted network access, while the QFX5200 and QFX5110 Ethernet Switches were deployed to achieve optimal versatility, operability and stability across the network to meet exponentially growing internet traffic and data volume. Additionally, by leveraging the scalability of Junos Fusion, BroadBand Tower was able to yield greater flexibility and control of various elements across its network through a single management plane, while the implementation of a single operating system through Junos OS enabled the unified configuration of all devices, thereby reducing overall network complexity and operational costs.
In further simplifying network management, BroadBand Tower selected Juniper as a single networking vendor for this project due to its proven track record of deploying high-performing and reliable networking solutions.
With the new 5G data center located in the heart of Japan’s financial and technology hub, BroadBand Tower plans to partner with other data operators housed in the same district to expand its services in the near future. The company is also looking to migrate the network infrastructure of its other existing data centers over to Juniper in order to better manage its network seamlessly across multiple locations.
Supporting Quotes
“We are pleased to have worked with Juniper Networks right from the start of the network design phase all the way through to implementation. Through the team’s dedication and commitment, we were able to successfully deploy a network that fit our specifications – one that was operationally simple, fault-tolerant and cost effective. We look forward to continuing our partnership with Juniper Networks as we work together to develop new solutions and services that meet our customers’ needs.”
- Akihiro Mizuochi, Director, System Design Group & Network Design Group, Technical Design Department, BroadBand Tower, Inc.
“Juniper is delighted to be able to play such a crucial role in the development of BroadBand Tower’s new 5G data center. This next-generation communications infrastructure that we’ve developed alongside BroadBand Tower will contribute significantly to the future of Japan’s businesses as they continue to advance into the 5G era. Through this, Juniper is yet again realizing its vision of Engineering Simplicity – bringing to life a simplified, automated and secure network for our customers.”
- Tomohiro Furuya, Japan Country Manager, Juniper Networks
Additional Resources:
TOKYO, Jan 24 (Bernama-GLOBE NEWSWIRE) -- Juniper Networks (NYSE:JNPR), an industry leader in automated, scalable and secure networks, today announced that BroadBand Tower, one of Japan’s largest data center providers, has selected Juniper Network’s high-performing solutions to power its ‘Next-Gen 5G data center’ situated in the central Tokyo district of Otemachi, which will support the rapidly accelerating 5G mobile and next-generation ICT infrastructure demands of the densely-populated urban capital.
With this in place, BroadBand Tower will be able to offer data center services that accommodate the emerging 5G needs of their customers, including the demands for high-volume traffic and speed from major telcos, enterprises and OTTs, all while ensuring consistent high-speed connectivity to the end-user. To achieve this, BroadBand Tower required a network architecture that could provide both flexibility and programmability, which are crucial for the constantly evolving demands of the 5G era.
Through a stringent selection criteria, Juniper’s MX204 Universal Routing Platform was selected for its ultra-high density and throughput to enable high-speed and uninterrupted network access, while the QFX5200 and QFX5110 Ethernet Switches were deployed to achieve optimal versatility, operability and stability across the network to meet exponentially growing internet traffic and data volume. Additionally, by leveraging the scalability of Junos Fusion, BroadBand Tower was able to yield greater flexibility and control of various elements across its network through a single management plane, while the implementation of a single operating system through Junos OS enabled the unified configuration of all devices, thereby reducing overall network complexity and operational costs.
In further simplifying network management, BroadBand Tower selected Juniper as a single networking vendor for this project due to its proven track record of deploying high-performing and reliable networking solutions.
With the new 5G data center located in the heart of Japan’s financial and technology hub, BroadBand Tower plans to partner with other data operators housed in the same district to expand its services in the near future. The company is also looking to migrate the network infrastructure of its other existing data centers over to Juniper in order to better manage its network seamlessly across multiple locations.
Supporting Quotes
“We are pleased to have worked with Juniper Networks right from the start of the network design phase all the way through to implementation. Through the team’s dedication and commitment, we were able to successfully deploy a network that fit our specifications – one that was operationally simple, fault-tolerant and cost effective. We look forward to continuing our partnership with Juniper Networks as we work together to develop new solutions and services that meet our customers’ needs.”
- Akihiro Mizuochi, Director, System Design Group & Network Design Group, Technical Design Department, BroadBand Tower, Inc.
“Juniper is delighted to be able to play such a crucial role in the development of BroadBand Tower’s new 5G data center. This next-generation communications infrastructure that we’ve developed alongside BroadBand Tower will contribute significantly to the future of Japan’s businesses as they continue to advance into the 5G era. Through this, Juniper is yet again realizing its vision of Engineering Simplicity – bringing to life a simplified, automated and secure network for our customers.”
- Tomohiro Furuya, Japan Country Manager, Juniper Networks
Additional Resources:
- Follow Juniper Networks online: Facebook | Twitter | LinkedIn
- Juniper Blogs and Community: J-Net
- Juniper 1on1 app: Keep up with all things Juniper from your smartphone. Download the app from iTunes and Google Play store today.
About Juniper Networks
Juniper Networks simplifies the complexities of networking with products, solutions and services in the cloud era to transform the way we connect, work and live. We remove the traditional constraints of networking to enable our customers and partners to deliver automated, scalable and secure networks that connect the world. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter, LinkedInand Facebook.
Juniper Networks, the Juniper Networks logo, Juniper and Junos are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.
Media Relations:
Amanda Seow
Juniper Networks
+65 6714 2408
amandase@juniper.net
SOURCE: Juniper Networks, Inc.
Juniper Networks simplifies the complexities of networking with products, solutions and services in the cloud era to transform the way we connect, work and live. We remove the traditional constraints of networking to enable our customers and partners to deliver automated, scalable and secure networks that connect the world. Additional information can be found at Juniper Networks (www.juniper.net) or connect with Juniper on Twitter, LinkedInand Facebook.
Juniper Networks, the Juniper Networks logo, Juniper and Junos are registered trademarks of Juniper Networks, Inc. and/or its affiliates in the United States and other countries. Other names may be trademarks of their respective owners.
Media Relations:
Amanda Seow
Juniper Networks
+65 6714 2408
amandase@juniper.net
SOURCE: Juniper Networks, Inc.
Wednesday, 23 January 2019
Y ANALYTICS LAUNCHES TO BRING TOGETHER CAPITAL AND RESEARCH FOR GOOD
Y Analytics will help capital allocators better understand, value, and manage social and environmental impact, increasing the effectiveness and reach of the capital we invest as a society
WASHINGTON & DAVOS, Switzerland, Jan 23 (Bernama-BUSINESS WIRE) --Today marks the launch of Y Analytics, a new, independent organization established to drive increased and more effective investment in creating social and environmental good by equipping capital allocators with the research basis to effectively understand the impact of their decisions. The organization, headquartered in Washington, D.C. and led by Maryanne Hancock, will help bridge the divide between the research community and capital allocators. Ultimately, this will ensure that capital directed at addressing the United Nations Sustainable Development Goals is used most efficiently, and more broadly, that we advance our abilities to direct capitalism towards solutions that have the potential to create real, tangible impact.
From Maryanne Hancock, CEO of Y Analytics: “We are building on the extensive effort of others, who have worked for decades to advance the world’s understanding of what creates impact. Y Analytics is built on the premise of learning from their work, utilizing research to understand what creates impact, building effective tools to predict, underwrite, and manage it, and sharing that work with others to drive better decision-making. Enabling better decisions around how the world directs capital towards change will be vital in achieving the progress we seek to make.”
From Bono, Co-Founder of The Rise Fund: “Capitalism isn’t immoral, but it is amoral and it needs direction. If capitalism is to be a force for good we have to be able to measure when it's doing good and when it's doing harm. To persuade the biggest institutional investors to commit their funds to tackling some of the world's most urgent challenges we need to be as confident about the impact returns as we are about the financial returns - fuzzy thinking just won’t cut it. We need cold hard facts - that's what Y Analytics has been created to provide.”
From Bill McGlashan, Co-Founder and CEO of The Rise Fund: “We face a daunting series of global economic and environmental challenges, and as the UN Sustainable Development Goals show, we have to activate the scalable engine of entrepreneurship to reach those heights. To do that, we need to help people better understand what creates real change and empower them to grow the solutions that work. Y Analytics will help inform capital in pursuit of change, ensuring that every dollar is used most effectively and providing a common language to pursue positive impact – narrowing the gap to reach the Sustainable Development Goals and advancing progress towards sustainability and economic inclusion.”
From Sir Ronald Cohen, Chair of the Global Steering Group for Impact Investment: “The launch of Y Analytics represents another step in the crucial effort to channel increasing investment to improve lives and the planet. It is a myth that impact is not capable of being reliably measured and compared. If impact investing is our rocket-ship to social improvement, impact measurement is our navigation system. I look forward to supporting Y Analytics efforts to accelerate the impact revolution’s advance.”
From Anders Strömblad, Head of External Management, AP2: “We support the Y Analytics mission in pursuit of a better understanding of how to drive positive social and environmental impact alongside market rate returns. For investors, impact cannot simply be a qualitative term, it should be intrinsic to and fully integrated in one’s business model and quantifiable. Y Analytics’ work to better understand and evaluate what creates impact and to track and assess it over time is vital; we all know why we need to consider social and environmental impact, but how we hold ourselves accountable to our goal is the crux of the issue.”
Y Analytics is an outgrowth of The Rise Fund and is informed in part by active investment experience, totaling nearly $2 billion across 25 investments in a variety of industry sectors and spanning markets around the world. Building on the work of The Rise Fund – in partnership with Bridgespan and KPMG – and staffed by a team of economists and researchers, Y Analytics will seek to translate research to help decision-makers evaluate impact at the front-end of the capital allocation process and manage impact rigorously thereafter. It will also collaborate with other organizations working creatively in this space and share its learnings to help advance knowledge in the field. It will focus on two primary streams of work:
WASHINGTON & DAVOS, Switzerland, Jan 23 (Bernama-BUSINESS WIRE) --Today marks the launch of Y Analytics, a new, independent organization established to drive increased and more effective investment in creating social and environmental good by equipping capital allocators with the research basis to effectively understand the impact of their decisions. The organization, headquartered in Washington, D.C. and led by Maryanne Hancock, will help bridge the divide between the research community and capital allocators. Ultimately, this will ensure that capital directed at addressing the United Nations Sustainable Development Goals is used most efficiently, and more broadly, that we advance our abilities to direct capitalism towards solutions that have the potential to create real, tangible impact.
From Maryanne Hancock, CEO of Y Analytics: “We are building on the extensive effort of others, who have worked for decades to advance the world’s understanding of what creates impact. Y Analytics is built on the premise of learning from their work, utilizing research to understand what creates impact, building effective tools to predict, underwrite, and manage it, and sharing that work with others to drive better decision-making. Enabling better decisions around how the world directs capital towards change will be vital in achieving the progress we seek to make.”
From Bono, Co-Founder of The Rise Fund: “Capitalism isn’t immoral, but it is amoral and it needs direction. If capitalism is to be a force for good we have to be able to measure when it's doing good and when it's doing harm. To persuade the biggest institutional investors to commit their funds to tackling some of the world's most urgent challenges we need to be as confident about the impact returns as we are about the financial returns - fuzzy thinking just won’t cut it. We need cold hard facts - that's what Y Analytics has been created to provide.”
From Bill McGlashan, Co-Founder and CEO of The Rise Fund: “We face a daunting series of global economic and environmental challenges, and as the UN Sustainable Development Goals show, we have to activate the scalable engine of entrepreneurship to reach those heights. To do that, we need to help people better understand what creates real change and empower them to grow the solutions that work. Y Analytics will help inform capital in pursuit of change, ensuring that every dollar is used most effectively and providing a common language to pursue positive impact – narrowing the gap to reach the Sustainable Development Goals and advancing progress towards sustainability and economic inclusion.”
From Sir Ronald Cohen, Chair of the Global Steering Group for Impact Investment: “The launch of Y Analytics represents another step in the crucial effort to channel increasing investment to improve lives and the planet. It is a myth that impact is not capable of being reliably measured and compared. If impact investing is our rocket-ship to social improvement, impact measurement is our navigation system. I look forward to supporting Y Analytics efforts to accelerate the impact revolution’s advance.”
From Anders Strömblad, Head of External Management, AP2: “We support the Y Analytics mission in pursuit of a better understanding of how to drive positive social and environmental impact alongside market rate returns. For investors, impact cannot simply be a qualitative term, it should be intrinsic to and fully integrated in one’s business model and quantifiable. Y Analytics’ work to better understand and evaluate what creates impact and to track and assess it over time is vital; we all know why we need to consider social and environmental impact, but how we hold ourselves accountable to our goal is the crux of the issue.”
Y Analytics is an outgrowth of The Rise Fund and is informed in part by active investment experience, totaling nearly $2 billion across 25 investments in a variety of industry sectors and spanning markets around the world. Building on the work of The Rise Fund – in partnership with Bridgespan and KPMG – and staffed by a team of economists and researchers, Y Analytics will seek to translate research to help decision-makers evaluate impact at the front-end of the capital allocation process and manage impact rigorously thereafter. It will also collaborate with other organizations working creatively in this space and share its learnings to help advance knowledge in the field. It will focus on two primary streams of work:
- Creation, Advancement, and Stewardship of Research-based Disciplines – Building mechanisms and methodologies that bridge the divide between research communities, capital allocators, and other key decision-makers. Y Analytics will actively share the approaches and learnings with the public to help advance the field.
- Impact Assessment and Analytics Services – Helping investors make more effective, evidence-based decisions using a rigorous approach that curates and translates research to inform estimations of net impact in economic terms that an investment creates across several impact pathways.
Y Analytics will actively engage with leaders across a wide range of disciplines to ensure that it brings multiple perspectives into its work. Its Editorial Advisory Board includes Helene Gayle (President and CEO of The Chicago Community Trust and former CEO of CARE), Lenny Mendonca (Senior Partner Emeritus, McKinsey and Company), Judith Rodin (former President, Rockefeller Foundation and President Emerita, University of Pennsylvania), Laura Tyson (Distinguished Professor of the Graduate School, Haas School of Business and Chair, Board of Trustees, Blum Center for Developing Economies, University of California, Berkeley), and Robert J. Zimmer (President, University of Chicago). It is forming partnerships with leading research institutions, such as the Abdul Latif Jameel Poverty Action Lab at MIT, the World Resources Institute and with leading researchers who will serve as a Research Advisory Council. These partners will help Y Analytics develop a more thorough understanding of potential impact pathways and continually advance its work.
Y Analytics will partner with and serve a variety of organizations and industries over time.
About Y Analytics: Y Analytics is a new independent public benefit corporation, where research and capital converge for good. Y Analytics bridges the divide between decision-makers and the research community, leveraging a research-based approach to help better understand the impact of capital allocation decisions. Y Analytics will enable the increasing efficiency and reach of every dollar invested and ultimately help catalyze a sustainable future. The organization, which includes an in-formation, affiliated nonprofit is headquartered in Washington DC and led by CEO, Maryanne Hancock.
Toshiba Memory unveils new lineup for flash memory devices
KUALA LUMPUR, Jan 23 (Bernama) -- The world leader in memory solutions, Toshiba Memory Corporation, has started sampling the industry’s first Universal Flash Storage (UFS) Ver. 3.0 embedded flash memory devices.
The new lineup utilises the company’s cutting-edge, 96-layer BiCS FLASH™ 3D flash memory and is available in three capacities: 128GB, 256GB and 512GB, a statement said.
The sequential read and write performance of the 512GB device are improved by approximately 70 per cent and 80 per cent, respectively, over previous generation devices.
The devices feature high-speed read or write performance and low power consumption which are suitable for applications such as mobile devices, smartphones, tablets, and augmented or virtual reality systems.
Additionally, the devices are compliant with JEDEC UFS Ver. 3.0, including HS-GEAR4, which has a theoretical interface speed of up to 11.6Gbps per lane (x2 lanes = 23.2Gbps) while also supporting features that suppress increases in power consumption.
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