Lionbridge Augments Artificial Intelligence Offering Through Acquisition of Gengo and Gengo.ai

Lionbridge | January 16, 2019

Today, Lionbridge, one of the world’s most trusted global communications platforms, announced its acquisition of Gengo, a Tokyo-based, leading edge technology company providing crowdsourcing, machine learning and localization services to global customers. Lionbridge has a 20-year history of leveraging its 500,000 linguistic experts to help the world’s largest companies expand their businesses on the global stage by providing machine learning data to make their platforms and products smarter and create content for a variety of industries. The acquisition of Gengo will strengthen Lionbridge’s position in the machine learning and content relevance markets. This purchase includes Gengo.ai, the company’s platform that provides AI training-data services delivered by a fast and efficient crowdsourced network of highly specialized contributors. “Gengo is a key acquisition for us that immediately complements our core strategic initiatives,” said John Fennelly, Lionbridge CEO. “It will accelerate our ability to penetrate new markets in the artificial intelligence space; it bolsters our human capital pool by bringing an extremely talented team assembled by Matthew Romaine into our company; and Gengo’s advanced technology platform will become a key part of our localization delivery system. In addition to those very tangible benefits, we’ll add to our already formidable capabilities in Asia, and this will give us a deeper set of technology tools to increase our market share in the local games and life sciences markets.”

Spotlight

As compliance and security considerations have ameliorated, enterprises have begun moving workloads into the public cloud in addition to building feature-rich private clouds. The combination of both – the hybrid cloud – will become the dominant infrastructure model in 2018 and beyond.


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CLOUD APP DEVELOPMENT

Equifax to Acquire Efficient Hire

Equifax Inc. | February 01, 2022

Equifax® announced that it has signed a definitive agreement to acquire Efficient Hire, a provider of cloud recruiting, onboarding and HR management solutions. This acquisition will enable Equifax Workforce Solutions to bring employers more of the services and insights they need to help them manage amidst a rapidly changing hiring and employment landscape. "The Efficient Hire acquisition demonstrates our commitment to reinvesting our 2021 outperformance in bolt-on acquisitions that further position Equifax for diversified growth. Efficient Hire will enhance our robust suite of employer services, and bolster our largest and fastest-growing business: Workforce Solutions. As the only cloud-native company of our kind, we will leverage the Equifax Cloud™ to rapidly integrate Efficient Hire's solutions into the Equifax portfolio, helping us to drive innovation and provide customers with unique access to more capabilities, product suites and services." Mark W. Begor, CEO of Equifax Efficient Hire offers a portfolio of solutions that is specially tailored to meet the needs of hourly employers, with an emphasis on helping firms in the restaurant, staffing, building services, senior care and hospitality industries quickly and efficiently scale their workforces. Its offerings include HR management solutions for areas such as I-9/E-Verify, the Work Opportunity Tax Credit (WOTC) and the Affordable Care Act (ACA). "Now more than ever, employers are in a battle for talent," said Joe Muchnick, Senior Vice President of Employer Services and Talent Solutions for Equifax Workforce Solutions. "The addition of Efficient Hire further demonstrates our commitment to helping employers attract and retain the talent they need to help grow their businesses." Based in Denver, Efficient Hire serves customers nationwide. Its leaders and employees will join the Equifax Workforce Solutions business once the transaction has closed. "Over the past 13 years, Efficient Hire has helped hourly employers hire more than 6.6 million new employees, and provided the tools to help them create a consistent and more efficient hiring process," said David Kenney, Founder and CEO of Efficient Hire. "Our team is invigorated by the opportunities that lie ahead, as we leverage Equifax's renowned capabilities in analytics and technology for the benefit of our customers." The transaction is subject to customary closing conditions and is expected to close in February 2022. The acquisition is not anticipated to have a material impact on Equifax's 2022 financial results. ABOUT EQUIFAX INC. At Equifax we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by more than 13,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region.

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AWS INFRASTRUCTURE

CAST Partners with Google Cloud to Accelerate Application Modernization

CAST | April 08, 2022

Today CAST announced a new arrangement with Google Cloud to help accelerate the migration and application modernization programs of customers worldwide, complementing the Google capabilities already available through the Google Cloud Application Modernization Program (CAMP). “Enterprises and software vendors are increasingly looking to take advantage of the agility, efficiency, and rich catalog of Google Cloud for complex custom-built applications, which are mostly designed for different environments and need to be modernized or refactored for cloud,” said Marc Zablit, Executive Vice President Business Development at CAST. “Typically, there is no accurate intelligence available about their actual architecture or what needs to be changed inside.” CAST products provide insights into the inner workings and structural condition of custom-built applications, essential for speeding up and de-risking their migration and modernization to cloud: CAST Highlight can analyze hundreds of applications in a week to pinpoint what needs to change in the source code, the effort required, the best-suited Google Cloud services to use, and the best migration path to take. CAST Imaging then automatically reverse engineers the actual architecture of a given application into interactive application maps to help architects and developers navigate key modernization steps, such as re-platforming, re-architecting, framework or database replacement, breaking monoliths into services. Once in the cloud, continuous use of CAST ensures the applications remain agile, safe, and resilient. “Technologies that provide new ways for enterprises to analyze the inner workings of complex software applications have become increasingly important to organizations’ modernization roadmaps,” said Erwan Menard, Global Director, Infrastructure and Applications Modernization Solution Engineering at Google Cloud. “We’re pleased to partner with CAST to provide customers with the products and expertise they need to plan, accelerate and de-risk complex migrations and application modernization programs.” Hundreds of enterprises and leading system integrators, such as Accenture, BAH, CGI, DXC, IBM Services, Infosys, LTI, Wipro, already use CAST products to enable safer and faster migration to cloud. About CAST CAST, the software intelligence category leader, provides technology that automatically generates insights into the inner workings of software applications, with MRI-like precision - composition, architecture, transaction flows, cloud readiness, structural flaws, legal and security risks. It’s becoming essential for faster modernization for cloud, raising the speed and efficiency of Software Engineering, better open source risk control, and accurate technical due diligence.

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CLOUD APP DEVELOPMENT

AVCT Announces Securities Purchase Agreement

American Virtual Cloud Technologies, Inc. | March 01, 2022

American Virtual Cloud Technologies, Inc. announced that it has entered into a securities purchase agreement for a sale of equity securities to an institutional investor. The net proceeds, after original issue discount, will total $15 million initially, plus an additional $5 million subject to the satisfaction of certain conditions, including receipt of stockholder approval pursuant to Nasdaq listing rules. AVCT will issue shares of a new series of convertible preferred stock, together with warrants, pursuant to the terms of the securities purchase agreement. AVCT previously announced a definitive agreement to sell its Computex business to Calian Group Ltd. a move that will transition AVCT to a pure-play cloud communications and collaboration company, centered on its premium Kandy cloud-based, real-time communications platform. The Company expects that this security sale and the expected net proceeds from its planned divestiture of its Computex business will be used to retire all of its existing debt. “Any additional capital received from the sale of these securities and the Computex sale will be used to support the growth of our Kandy business unit.” Darrell J. Mays, AVCT CEO Northland Capital Markets served as sole placement agent in the transaction. About American Virtual Cloud Technologies, Inc. American Virtual Cloud Technologies, Inc. is a premier global cloud communications offering proprietary UCaaS, CPaaS, and CCaaS capabilities. Our mission is to provide global technology solutions with a superior customer experience. About Kandy Kandy is a cloud-based, real-time communications platform offering proprietary UCaaS, CPaaS, CCaaS, Microsoft Teams Direct Routing as a Service, and SIP Trunking as a Service capabilities. Kandy enables service providers, enterprises, software vendors, systems integrators, partners, and developers to enrich their applications and services with real-time contextual communications, providing a more engaging user experience. With Kandy, companies of all sizes and types can quickly embed real-time communications capabilities into their existing applications and business processes.

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CLOUD APP DEVELOPMENT

TGS Announces New Extensive Regional 2D-cubed Reprocessing Project in Indonesia

TGS | January 10, 2022

TGS, a global provider of energy data and intelligence, announced a project designed to help drive exploration across the South Makassar and North East Java regions. Processing has begun on the East Java Sea 2D-cubed project. This project will utilize 2D-cubed technology to integrate all existing seismic data across a 270,000 square kilometer area to create a one-stop tool for regional evaluation. The dataset will combine over 120,000 kilometers of 2D seismic data from over 80 legacy surveys into a single exploration tool and create a well data package comprising 88 wells. The final multi-client product, supported by Ditjen Migas, Pusdatin ESDM, SKK Migas and Pertamina, will be unrivaled in its coverage. A single conformable seismic volume will allow customers to develop structural and geological models in their pre-study evaluation process. This project covers significant acreage in the 2nd 2021 Indonesian License round, including the Agung-I and Agung-II blocks. Early project deliverables are expected from Q2 2022. 2D-cubed is a unique technology from TGS that generates a 3D seismic volume from a set of 2D lines. It uses an advanced structurally conformable interpolation algorithm to maximize the potential of existing 2D multi-vintage and 3D data. The resultant volume can be used for both regional interpretation and the optimization of subsequent 3D and 2D survey designs. TGS has undertaken similar large-scale projects in other Asia Pacific basins in places such as Timor-Leste and Australia to industry acclaim. This technology has also been applied offshore Sakhalin, Russia, and throughout the Norwegian and UK North Seas. "TGS is committed to developing multi-client seismic projects that help drive exploration in Indonesia. This regional product will enable exploration companies to efficiently assess hydrocarbon prospectivity and initiate studies on vast volumes of data in unprecedented timeframes." Kristian Johansen, CEO at TGS This project is supported by industry funding. About TGS TGS provides scientific data and intelligence to companies active in the energy sector. In addition to a global, extensive and diverse energy data library, TGS offers specialized services such as advanced processing and analytics alongside cloud-based data applications and solutions.

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Spotlight

As compliance and security considerations have ameliorated, enterprises have begun moving workloads into the public cloud in addition to building feature-rich private clouds. The combination of both – the hybrid cloud – will become the dominant infrastructure model in 2018 and beyond.

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