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Daily Archives: June 3, 2019

Taconic Biosciences is First and Only Animal Vendor to Announce All Commercial Mouse Colonies Free of New Pathogen

RENSSELAER, N.Y., June 03, 2019 (GLOBE NEWSWIRE) — Taconic Biosciences, a global leader in providing genetically engineered rodent model solutions, announces that all commercial mouse colonies and contract mouse breeding barriers are free of a newly discovered pathogen.  Taconic is the first and only commercial animal vendor to exclude mouse kidney parvovirus from its animals at all health standards.

In an October 2019 Cell paper, an Australian and American research consortium announced the discovery of a novel mouse parvovirus, named mouse kidney parvovirus or MKPV (https://www.cell.com/cell/fulltext/S0092-8674(18)31029-8).  The report states this highly infectious pathogen causes inclusion body nephropathy and eventual renal failure and death in immunodeficient mice.

Utilizing a diagnostic assay developed by a testing partner, Taconic screened all commercial mouse locations for the agent and is pleased to announce that all commercial mouse colonies and contract breeding barriers are negative for MKPV. Taconic credits these results to a strong biosecurity program, which includes practices and procedures to prevent entry or spread of viral contaminants.

“We attribute our negative results for mouse kidney parvovirus to Taconic’s strict bioexclusion practices,” shares Dr. Jeffrey Lohmiller, DVM, MS, DACLAM, vice president animal welfare and compliance at Taconic Biosciences.  “Taconic has a history of embracing the highest quality standards in the industry.  As the first vendor to address this new pathogen, we continue this strong legacy.”

Taconic routinely evaluates its health testing program, refining it based on scientific findings and customer feedback.  Because this agent has significant clinical impact in immunodeficient mice and may cause mild nephropathy, even in immunocompetent mice, Taconic has added MKPV to the exclusion list for all Taconic health standards.  Regular testing will commence starting in July 2019, and MKPV test results will start appearing on health reports on June 4, 2019.

To learn more about Taconic Biosciences’ industry-leading health standards, please visit the Animal Health webpage, or contact the company at 1-888-TACONIC (888-822-6642) in the US, +45 70 23 04 05 in Europe or email info@taconic.com.

About Taconic Biosciences, Inc.

Taconic Biosciences is a fully-licensed, global leader in genetically engineered rodent models and services. Founded in 1952, Taconic provides the best animal solutions so that customers can acquire, custom-generate, breed, precondition, test, and distribute valuable research models worldwide. Specialists in genetically engineered mouse and rat models, microbiome, immune-oncology mouse models, and integrated model design and breeding services, Taconic operates three service laboratories and six breeding facilities in the U.S. and Europe, maintains distributor relationships in Asia and has global shipping capabilities to provide animal models almost anywhere in the world.

Media Contact:

Kelly Owen Grover
Director of Marketing Communications
(518) 697-3824
kelly.grover@taconic.com

Hitachi and Virtusa Partner to Advance AI in Financial Services

New Joint Development Team to be Based in Silicon Valley

SOUTHBOROUGH, Mass., June 03, 2019 (GLOBE NEWSWIRE) — Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The agreement to collaborate on these digital solutions was signed in April 2019.

Increasingly, financial services companies need to implement emerging technologies like AI to stay competitive, identify new clients, and serve new markets. Combining deep domain expertise with digital solutions that use advanced technologies including AI can help financial services organizations accelerate customer acquisition rates, increase revenue by anticipating customer needs, and deliver personalized offerings at the right time and at the right location.

As part of the agreement, the two companies have established a dedicated joint team based in Silicon Valley. The team will develop new AI-based solutions that combine Hitachi’s advanced digital technology and leading R&D capabilities with Virtusa’s deep financial services industry knowledge and digital engineering expertise.

Hitachi and Virtusa plan to launch the first jointly developed AI solutions to financial services organizations in the United States by early 2020.

The two companies will jointly market these new AI solutions to both existing and new customers. Hitachi and Virtusa will also collaborate on sales, delivery, and maintenance activities.

“The establishment of a new joint team in Silicon Valley will accelerate the global expansion of digital solutions, taking advantage of both companies’ strengths,” said Tsugio Yamamoto, vice president, and executive officer Hitachi. “Hitachi will accelerate the expansion of our solution menu working together with Virtusa, as well as the enhancement of global delivery capabilities.”

“AI is an imperative for our clients to gain a competitive advantage,” Kris Canekeratne, chairman and CEO, Virtusa. “Financial services organizations have a significant opportunity to leverage and deploy AI to gain significant competitive advantages. With this partnership and through our deep digital capabilities we can help more clients benefit from AI faster.”

In 2016, Hitachi and Virtusa agreed on a strategic partnership in the global IT solution field.* This newly signed partnership starts with the joint development of AI solutions for financial services. Plans call for Hitachi and Virtusa to expand AI solution development into additional industries and develop other digital solutions in the next phase.

*  News Release (March 29, 2016)
Hitachi and Virtusa Enter into Strategic Global Partnership to Offer Best of Breed, Disruptive Business Solutions
https://www.virtusa.com/news-room/press-releases/article/2848/

About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business combining its operational technology, information technology, and products. The company’s consolidated revenues for fiscal 2018 (ended March 31, 2019) totaled 9,480.6 billion yen ($85.4 billion), and the company has approximately 296,000 employees worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors, including Mobility, Smart Life, Industry, Energy, and IT, to increase our customer’s social, environmental, and economic value. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business transformation, digital engineering, and information technology (IT) outsourcing services. Using a combination of digital strategy, business implementation, and IT platform modernization services, Virtusa helps clients drive profitable growth and lead market disruption through digital first client experiences. Founded in 1996 and headquartered in Southborough, Mass., Virtusa serves Global 2000 companies in the banking, financial services, insurance, healthcare, telecommunications, media, entertainment, travel, manufacturing and technology industries. For more information, visit: www.virtusa.com.

© 2019 Virtusa Corporation.  All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive, and Productization are registered trademarks of Virtusa Corporation.  All other company and brand names may be trademarks or service marks of their respective holders.

Contact:
Kirsten Paragona
Virtusa
kparagona@virtusa.com
978-434-7319

Ron Favali
Conversion Marketing
ron@conversionam.com
727-512-4490

Hitachi and Virtusa Partner to Advance AI in Financial Services

New Joint Development Team to be Based in Silicon Valley

SOUTHBOROUGH, Mass., June 03, 2019 (GLOBE NEWSWIRE) — Hitachi, Ltd. (TSE: 6501, Hitachi) and Virtusa Corporation (NASDAQ GS: VRTU) a global provider of digital strategy, digital engineering, and IT outsourcing services that accelerates business outcomes for its clients, today announced a new partnership to capitalize on the rapidly growing adoption of AI in financial services. The agreement to collaborate on these digital solutions was signed in April 2019.

Increasingly, financial services companies need to implement emerging technologies like AI to stay competitive, identify new clients, and serve new markets. Combining deep domain expertise with digital solutions that use advanced technologies including AI can help financial services organizations accelerate customer acquisition rates, increase revenue by anticipating customer needs, and deliver personalized offerings at the right time and at the right location.

As part of the agreement, the two companies have established a dedicated joint team based in Silicon Valley. The team will develop new AI-based solutions that combine Hitachi’s advanced digital technology and leading R&D capabilities with Virtusa’s deep financial services industry knowledge and digital engineering expertise.

Hitachi and Virtusa plan to launch the first jointly developed AI solutions to financial services organizations in the United States by early 2020.

The two companies will jointly market these new AI solutions to both existing and new customers. Hitachi and Virtusa will also collaborate on sales, delivery, and maintenance activities.

“The establishment of a new joint team in Silicon Valley will accelerate the global expansion of digital solutions, taking advantage of both companies’ strengths,” said Tsugio Yamamoto, vice president, and executive officer Hitachi. “Hitachi will accelerate the expansion of our solution menu working together with Virtusa, as well as the enhancement of global delivery capabilities.”

“AI is an imperative for our clients to gain a competitive advantage,” Kris Canekeratne, chairman and CEO, Virtusa. “Financial services organizations have a significant opportunity to leverage and deploy AI to gain significant competitive advantages. With this partnership and through our deep digital capabilities we can help more clients benefit from AI faster.”

In 2016, Hitachi and Virtusa agreed on a strategic partnership in the global IT solution field.* This newly signed partnership starts with the joint development of AI solutions for financial services. Plans call for Hitachi and Virtusa to expand AI solution development into additional industries and develop other digital solutions in the next phase.

*  News Release (March 29, 2016)
Hitachi and Virtusa Enter into Strategic Global Partnership to Offer Best of Breed, Disruptive Business Solutions
https://www.virtusa.com/news-room/press-releases/article/2848/

About Hitachi, Ltd.
Hitachi, Ltd. (TSE: 6501), headquartered in Tokyo, Japan, is focusing on Social Innovation Business combining its operational technology, information technology, and products. The company’s consolidated revenues for fiscal 2018 (ended March 31, 2019) totaled 9,480.6 billion yen ($85.4 billion), and the company has approximately 296,000 employees worldwide. Hitachi delivers digital solutions utilizing Lumada in five sectors, including Mobility, Smart Life, Industry, Energy, and IT, to increase our customer’s social, environmental, and economic value. For more information on Hitachi, please visit the company’s website at http://www.hitachi.com.

About Virtusa Corporation
Virtusa Corporation (NASDAQ GS: VRTU) is a global provider of digital business transformation, digital engineering, and information technology (IT) outsourcing services. Using a combination of digital strategy, business implementation, and IT platform modernization services, Virtusa helps clients drive profitable growth and lead market disruption through digital first client experiences. Founded in 1996 and headquartered in Southborough, Mass., Virtusa serves Global 2000 companies in the banking, financial services, insurance, healthcare, telecommunications, media, entertainment, travel, manufacturing and technology industries. For more information, visit: www.virtusa.com.

© 2019 Virtusa Corporation.  All rights reserved.

Virtusa, Accelerating Business Outcomes, BPM Test Drive, and Productization are registered trademarks of Virtusa Corporation.  All other company and brand names may be trademarks or service marks of their respective holders.

Contact:
Kirsten Paragona
Virtusa
kparagona@virtusa.com
978-434-7319

Ron Favali
Conversion Marketing
ron@conversionam.com
727-512-4490

New Investex Partner Program Launch

New Investex Partner program designed to reward introducers

ST. VINCENT and the GRENADINES, June 03, 2019 (GLOBE NEWSWIRE) — Investex unveils its brand-new Partner program, which streamlines and simplifies the ways affiliates engage with Investex and customers. A low barrier to entry combined with a competitive volume-based rebate structure make Investex Partner program a solution for introducers of all sizes.

Investex Partner program offers daily payouts of commissions, fast automated withdrawals, personal bank accounts for introducers, 0% commission on deposits and withdrawals, and multilingual support of a personal account manager. There are two reward plans available at the moment: Commission rebates plan for introducers aiming at a long-term partnership with a regular income, and Exclusive CPA program available for certain partners on special conditions.New Investex Partner Program Launch

With Commission rebates plan partners receive up to $7 per lot from their customers, and 5% from their sub-affiliates earnings. Introducers on Exclusive CPA program get up to $700 per referred client.

Business development manager of Investex shared a comment: “Our new Partner program is a clear reflection of our intent to expand further. We enhanced the terms and now offer more opportunities to create new revenue streams for introducers, and attract more customers to our company.”

Investex Bank, previously known as B2B Bank, is a privately held international bank, registered and operating in St. Vincent and the Grenadines since 2012. The Bank is regulated by SVGFSA, and operates strictly according to the STP trading model. It’s focusing on the Asian markets and provides private bank accounts for traders and investors from around the world with direct access to global financial markets. Now Investex is available in 5 languages – English, Arabic, Malay, Chinese, and Japanese, with the support team working 24/5.

CONTACT Walt Clarke                               
COMPANY Investex Bank Limited                       
PHONE +44 208 068 5820
EMAIL info@investex.com
WEB https://www.investex.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/548723d4-c3ab-4f69-81a7-c34d951b0483

Bombardier Concludes Sale of the Q Series Aircraft Program to Longview

MONTRÉAL, June 03, 2019 (GLOBE NEWSWIRE) — Bombardier (TSX: BBD.B) confirmed today the closing of the previously announced sale of the Q Series aircraft program assets to De Havilland Aircraft of Canada Limited (formerly Longview Aircraft Company of Canada Limited), an affiliate of Longview Aviation Capital Corp., for gross proceeds of approximately $300 million. Net proceeds are expected to be approximately $250 million after the assumption of certain liabilities, fees, and closing adjustments.

Longview will carry on the production of Q400 aircraft at the Downsview Facility in Toronto, and will continue performing aftermarket services for Q Series aircraft. Bombardier will provide transitional services and will license certain intellectual property to Longview to facilitate a seamless transition of the Q Series aircraft program.

About Bombardier
With over 68,000 employees, Bombardier is a global leader in the transportation industry, creating innovative and game-changing planes and trains. Our products and services provide world-class transportation experiences that set new standards in passenger comfort, energy efficiency, reliability and safety.

Headquartered in Montreal, Canada, Bombardier has production and engineering sites in 28 countries as well as a broad portfolio of products and services for the business aviation, commercial aviation and rail transportation markets. Bombardier shares are traded on the Toronto Stock Exchange (BBD). In the fiscal year ended December 31, 2018, Bombardier posted revenues of $16.2 billion US. The company is recognized on the 2019 Global 100 Most Sustainable Corporations in the World Index. News and information are available at bombardier.com or follow us on Twitter @Bombardier.

Bombardier is a trademark of Bombardier Inc.

For Information

Simon Letendre
Manager, Media Relations and Public Affairs
Bombardier Inc.
+514 924 4893
Patrick Ghoche
Vice President, Investor Relations
Bombardier Inc.
+514 861 5727

Blue Zebra Insurance Deploys the MGA Agility Suite from Xceedance

BOSTON, June 03, 2019 (GLOBE NEWSWIRE) — Xceedance, a global provider of insurance consulting, managed services, technology, data sciences, and blockchain solutions, today announced that Blue Zebra Insurance (Blue Zebra) has successfully deployed the company’s MGA Agility Suite to modernize policy lifecycle management processes.

Blue Zebra required a flexible insurtech platform with modern functionality to compete effectively in today’s market. The Australia-based managing general agent (MGA) also required a partner with deep insurance knowledge to help minimize system implementation costs and operational risk.

“The MGA Agility Suite elevates our personalized, advice-driven service model, especially with its end-to-end broker and underwriter portal, and a configurable rating/pricing engine,” said Blair Nicholls, CEO of Blue Zebra. “This unique platform empowers our personal lines and small-to-medium enterprise (SME) business with highly-automated workflows and a streamlined policy lifecycle, which creates transactional efficiencies for our brokers while enhancing customer-centricity in our mutual operations. On a related note, at the recent Insurance Business Australia Awards, Blue Zebra was honored as the underwriting agency with the best digital strategy, in part due to the strengths of our platform.”

Engineered as an insurtech accelerator for established and startup program administrators, MGAs, and managing general underwriters (MGUs), the Xceedance MGA Agility Suite is a highly-configurable platform designed for rapid deployment and as-needed scalability. The MGA Agility Suite incorporates on-demand insurance operations services from Xceedance, to boost dexterity and responsiveness in managing dynamic policyholder requirements.

“Both startup and established MGAs need hands-on partners who can facilitate time-to-market and rapid growth, while alleviating risks associated with launching, scaling, and managing operations,” said Arun Balakrishnan, CEO of Xceedance. “For growth-oriented MGAs, Xceedance provides an engagement model that minimizes fixed costs. Also, we correlate our success with the advancement of MGAs — by structuring relationships where Xceedance is compensated when our MGA partners succeed and profit in their markets.”

The MGA Agility Suite creates value for program administrators through intelligent technologies, process optimization, advanced analytics, and strategic operations support. The integrated technology, managed services, and strategic consulting approach of Xceedance simplifies the entire insurance process from broker onboarding, submission, quote and issuance, to policy service and billing.

“Xceedance has significant experience in supporting a variety of insurance organizations worldwide, and we excel at helping MGAs fulfill technology implementations and realize operational excellence,” said Amit Tiwari, chief technology officer at Xceedance. “We congratulate Blue Zebra for winning a prestigious digital strategy award, and it’s gratifying to see the company and its broker network achieve process optimization and growth in a demanding market. Additionally, we’re excited about the availability and flexibility of the MGA Agility Suite for diverse MGAs, looking to scale and transform the way they do business.”

About Xceedance
Xceedance is a global provider of strategic consulting and managed services, technology, and data sciences to insurance organizations. For more information, please visit www.xceedance.com.

Media Contact:
Jennifer Overhulse
St. Nick Media Services
+1 859-803-6597
jen@stnickmedia.com

Speedhome targets 50,000 listings by year-end

KUALA LUMPUR, Speedhome, an end-to-end direct property transactional platform, is targeting about 50,000 listings by end of this year.

Chief executive officer Wong Whei Meng said as of June 2019, Speedhome had achieved 300,000 app downloads and about 20,000 listings.

Growth continues to be strong as the team expands along with the business.

Additionally, since partnering with Allianz Malaysia Bhd in 2017 to roll out the No Deposit but Insurance scheme (whereby landlords will be compensated if tenants cannot pay rent on time), we have helped users save an estimated RM1.8 million in deposits, he told reporters after the official launch of Speedhome by Housing and Local Government Minister Zuraida Kamaruddin here today.

The company has found that rental collection is a point of contention for landlords.

According to its survey, rental collection is another huge problem for landlords. To resolve this, we use automation to remind tenants to pay the rent on time (via mobile phone), and we are looking to offer this service to the public in the future, Wong said.

On top of their core business of property rental, Speedhome also allows for property sale and purchase with zero per cent commission to ease the financial burden of local homebuyers.

Speedhome (formerly Speedrent) is an app that is a free ‘no deposit and no commission’ automated platform connecting landlords directly to quality tenants providing rental protection and house-purchasing services.

Source: BERNAMA (News Agency)