CLOUD APP DEVELOPMENT
American Virtual Cloud Technologies, Inc. | January 04, 2022
American Virtual Cloud Technologies announced that it has filed a resale registration statement on Form S-3 as part of several initiatives to raise growth capital and improve liquidity through an increased share float. Pursuant to its recent S-3 filing, AVCtechnologies has completed the registration of 37,916,668 shares which underlie warrants that were previously issued in accordance with previously announced financing transactions. These financings are a critical step in the company’s fundraising plan and will enable it to execute on its strategic growth initiatives such as the recently announced partnerships with Braidio and Etisalat.
If all the warrants issued in the previously announced financing transactions are exercised, AVCtechnologies would receive approximately $41 million in incremental cash on its balance sheet, based on the warrant exercise prices, which currently range from $1.50 to $2.00 per share. To date, the Company has already raised approximately $35 million from the previously announced financing transactions. Full exercise of these warrants would also increase the public float of AVCtechnologies stock by nearly 19 million shares, as only half of the registered shares will actually be issued absent any adjustments to the terms of the warrants. The resale registration statements filed in connection with the financing transactions have registered 200% of the number of shares currently issuable upon exercise of the warrants, to comply with obligations under the transaction documents to “over-register” shares to provide for potential repricing of warrant strike prices without the need for additional registration statement filings. No dilution will occur from any non-issued registered shares.
“With the latest S-3 filing, Phase I of our funding plan is complete and the Company will benefit from increased liquidity in the marketplace to the extent the remaining warrants are exercised. We are now in position to execute on Phase 2 of our funding strategy, the planned divestiture of Computex Technology Group, the proceeds from which, coupled with the Phase 1 proceeds, are expected to completely eliminate the Company’s debt and fully fund our plan.”
Larry Mock, Chairman of the Board of AVCtechnologies
Darrell J. Mays, CEO of AVCtechnologies, said, “Any additional capital received from the sale of these securities will be beneficial as we continue to expand our product offerings and accelerate our existing growth strategies with large enterprise customers.” AVCtechnologies previously announced that revenues of its Kandy Business Unit are projected to grow from $14.3 million in 2020 to approximately $18.8 million in 2021 and to more than $37 million in 2022.
About American Virtual Cloud Technologies, Inc.
American Virtual Cloud Technologies, Inc. is a premier global IT solutions provider offering a comprehensive bundle of services including unified cloud communications, managed services, cybersecurity, and enhanced connectivity. Our mission is to provide global technology solutions with a superior customer experience. In 2020, American Virtual Cloud Technologies, Inc., acquired Computex Technology Group and Kandy Communications.
CLOUD COMPLIANCE AND AUDIT
UiPath | May 10, 2022
UiPath (NYSE: PATH), a leading enterprise automation software company, today introduced Automation Cloud Robots alongside a wealth of other powerful new capabilities as a part of the UiPath 2022.4 platform release. The new release provides enterprises with an even more comprehensive automation foundation to achieve fast and accurate outcomes. The new SaaS robots—along with added features that simplify how developers create automations, uplevel security and governance, and expand access to automation to Mac—deepen the reach of automation in the enterprise.
It is clear that automation is the technology of choice for developers who need to rapidly build applications that drive the business forward,” said Ted Kummert, Executive Vice President, Products & Engineering at UiPath. “We are seeing more customers selecting cloud and our customer-focused innovation continues to strengthen our leadership in the automation market. Our Automation Cloud Robots bring customers the full benefit of the cloud as they scale their automation programs. This release also expands use cases for automation professionals and citizen developers alike and provides numerous enterprise-grade performance and security improvements.”
New features now available in the UiPath Platform 2022.4 release include:
Automation Cloud™ Robots:SaaS robots hosted in the UiPath Automation Cloud™ allow customers to deploy unattended robots instantly without IT, resources, or infrastructure. A VM Automation Cloud Robot is a Windows virtual machine created on-demand in Automation Cloud. It provides an unattended robot that can incorporate customers’ software and configurations and will scale as needed. The new Serverless Automation Cloud Robot is part of a ‘ready-when-you-are’ pool of robots that will immediately and securely run selected automation jobs on demand. With simple browser-based access, Windows, Mac, or Linux users can send work to Automation Cloud Robots and immediately execute in Automation Cloud.
Frictionless development: With speedier performance, expanded integration options, and low code tools and templates, this release removes friction and complexity from the development process. Automation professionals can now leverage the power of UiPath Integration Service to quickly develop trigger-based automations; access more than 40 API-based connectors to automate processes involving common applications such as Slack, Salesforce Marketing Cloud, Mulesoft, and others; and reduce custom coding to streamline app development with new controls and templates in UiPath Apps. Meanwhile, citizen developers get new, simplified access to AI-powered tools like Forms AI, Document Understanding, and Task Capture to automate more tasks.
Automation access for all: For the first time, Mac users get API and web automation, plus support for UiPath Assistant. Linux robots now support long-running workflows, expanding automations that can run cross-platform. Automation Center of Excellence leaders can preview Automation Launchpad, a new tool which can help them evangelize and scale their program to more users. Users will benefit from a vastly expanded set of ready-to-go automations for a variety of tasks in UiPath Marketplace and Assistant. Finally, developers can create end-user-friendly automations with the UiPath Attended Framework through best practices and development processes for providing an engaging user experience, maximizing automation performance, and simplifying the development process.
Enhanced Security and Compliance: Security and compliance upgrades in 2022.4 include every UiPath service now in scope for SOC 2 and Automation Cloud™ HIPAA attestation to facilitate UiPath cloud solution adoption with confidence. Both user and device access controls are strengthened, with expanded role-based controls for managing users and IT governance for conditional access to ensure only managed devices are used. In addition, every customer’s data is now co-located in a single data center to simplify meeting government and enterprise data sovereignty requirements.
“In the post-pandemic world, enterprises must become more agile and practice enterprise acceleration. Robots have been a welcome and effective tool for developers and business leaders who must create that acceleration,” said Holger Mueller, Vice President and Principal Analyst at Constellation Research. “By making robot usage a cloud offering via Automation Cloud™ Robots, UiPath is providing enterprises an easy way to create and operate bots, democratizing automation even further.”
In addition, UiPath is expanding its monetization offering on its Marketplace by introducing end-to-end business solutions that address business challenges across areas such as accounting, supply chain, manufacturing, insurance, and sales. It opens another gateway for UiPath partners and independent vendors to monetize their automation solutions, attract a wider audience, and unveil greater revenue opportunities through UiPath Marketplace. Vendors can take their business further by offering additional implementation and customization services. Initial vendors launching their business solutions on the Marketplace include: AuraPlayer, Base64.ai, DRUID AI, Element Blue, Int4 AG, INVOKE, KTern.AI, Kanverse.ai, and WonderBotz.
UiPath has a vision to deliver the fully automated enterprise™, one where companies use automation to unlock their greatest potential. UiPath offers an end-to-end platform for automation, combining the leading Robotic Process Automation (RPA) solution with a full suite of capabilities that enable every organization to rapidly scale digital business operations.
Ingram Micro Cloud | May 19, 2022
Ingram Micro Cloud today announced that it has expanded the scope of its multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services, Inc. (AWS), to include focused initiatives to accelerate the development of Ingram Micro's channel partners’ capabilities in supporting public sector customers. With this multi-year collaboration, Ingram Micro Cloud will expand its AWS solutions and service offerings to federal, state, and local government, healthcare, education, research, and other government institutions, as well as non-profit organizations across U.S., Latin America, Canada and Caribbean (LCC), European Economic Area (EEA), and Asia Pacific Japan (APJ) regions
Ingram Micro Cloud plans to focus on enabling Software and Services partners to become go-to-market ready Public Sector AWS Partners through: 1) Deep developmental engagement and proven practice build frameworks, 2) Innovating and developing new offerings on AWS, 3) Scaling and training its resources to better support channel partners across a wide range of services including, sales enablement, practice development, technical enablement, professional services, and business and financial support.
“Ingram Micro Cloud is thrilled to continue strengthening our relationship with AWS in a way that brings more opportunity for our partners servicing customers in the public sector,” said Victor Baez, senior vice president, global cloud channel sales, Ingram Micro Cloud. “There’s never been a better time for us to focus intensely on our core cloud solutions business, and this SCA with AWS further underpins our commitment to driving accelerated growth for our partners.”
We are pleased to expand our relationship with Ingram Micro Cloud. Through the SCA, we’re looking forward to helping thousands of companies and customers grow and transform their business, accelerate their AWS development journey, and launch new solutions that will help public sector organizations meet their mission.”
Jeff Kratz, general manager, worldwide public sector (WWPS) partners, AWS.
Ingram Micro Cloud and AWS first signed a global Strategic Collaboration Agreement in March 2021. This latest expansion comes as both companies work towards further scaling Ingram Micro Cloud’s capabilities with public sector customers across more than 20 countries.
“Insight has uniquely positioned with Ingram Micro to meet the challenges of an ever-expanding cloud services market, with worldwide end-user spending on public cloud services forecasted to grow 20.4% in 2022 to a total of $494.7 billion, and U.S. Federal Cloud investments projected to grow to 11.4B by FY 2023, with an annual CAGR of 10.9%,” said Scott Friedlander, senior vice president, US Public Sector, Insight. “Our partnership with Ingram Micro is helping us keep pace with and accelerate the adoption of cloud technology, while enabling us to continue to support the critical security, performance, and mission requirements of our public sector clients with the most economical and effective solutions.”
Ingram Micro Cloud is an AWS Advanced Services Partner and AWS Distributor with AWS Well-Architected Partner Program status as well as DevOps Consulting and Cloud Management Tools ISV Competencies. Ingram Micro Cloud has built an AWS Cloud Center of Excellence (CCoE) team with more than 250 combined AWS validated qualifications.
Ingram Micro Cloud also provides end-to-end engagement models to assist AWS Services Path Partners as well as AWS Software Path Partners with their journey on the AWS cloud.
About Ingram Micro Cloud
Ingram Micro Cloud brings together innovators and problem solvers to help the world accomplish more. It facilitates and manages the cloud’s complex digital value chain—all powered by CloudBlue technology. With unmatched global reach, easy access to automated go-to-market and integration tools, deep technical expertise, and a curated selection of scalable SaaS and IaaS solutions, Ingram Micro Cloud helps vendors, resellers, and managed service providers by offering More as a Service.
CLOUD APP DEVELOPMENT
Guidewire | January 13, 2022
Guidewire announced that SGI CANADA has subscribed to Guidewire InsuranceSuite and Guidewire Live Predict on Guidewire Cloud to power its core operations.
SGI CANADA will use the cloud-based InsuranceSuite application to house their corporation’s insurance products. As a cloud-based solution, Guidewire provides increased flexibility and configurability to adapt to changing market needs and customer expectations. In addition, Guidewire Live Predict will provide SGI CANADA actuaries build insights into the company’s business, providing SGI CANADA with a competitive advantage in the market.
“By moving to Guidewire, we’re taking a giant step toward a technology solution that will enable SGI to become a true digital insurer. In the competitive market, we sell our products exclusively through our network of broker partners. Our partnership with Guidewire will allow us to best support our brokers in meeting customer expectations and responding to their changing needs.”
SGI CANADA Vice President of Digital and Corporate Projects Darlene Schultz
Schultz continued, “A cloud-first approach has always been paramount for our digital strategy. What sets SGI CANADA apart from our competitors is our commitment to our broker partners and our strong customer focus. The customer truly is at the center of our business. We see great opportunities to improve and enhance the customer experience.”
“We are pleased to welcome SGI CANADA to the Guidewire customer community and Guidewire Cloud,” said Guidewire Group Vice President of Americas Sales Ken Shapiro. “We are humbled by the company’s confidence in our cloud services capabilities to help it adapt to the demands of a rapidly changing marketplace in order to pursue their vision of transforming the insurance experience to promote peace of mind and safer communities.”
Guidewire PartnerConnect Consulting member Deloitte is leading the implementation project, leveraging its InsurCloud platform accelerator to implement InsuranceSuite and Live Predict in Guidewire Cloud. Deloitte Canada Industry Solutions partner David Kerr said, “We are honored that SGI CANADA is putting its trust in Deloitte and Guidewire as the foundation for the next phase of their business transformation.”
InsurCloud is pre-configured for the Canadian insurance industry and is built to improve speed to market in personal lines, farm, and small commercial product lines, while reducing costs and risk.
About SGI CANADA
SGI CANADA is the trade name of the property and casualty insurance division of SGI, which offers products in five of Canada's provinces. It operates as SGI CANADA in Saskatchewan, British Columbia, Alberta, Manitoba, and Ontario, and also as Coachman Insurance Company in Ontario. Products are sold through a network of independent insurance brokers.
About Guidewire Software
Guidewire is the platform P&C insurers trust to engage, innovate, and grow efficiently. We combine digital, core, analytics, and AI to deliver our platform as a cloud service. More than 450 insurers, from new ventures to the largest and most complex in the world, run on Guidewire.
As a partner to our customers, we continually evolve to enable their success. We are proud of our unparalleled implementation track record, with 1,000+ successful projects, supported by the largest R&D team and partner ecosystem in the industry. Our marketplace provides hundreds of applications that accelerate integration, localization, and innovation.