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Microsoft is All Set to Launch its Dedicated Xbox Cloud Gaming Hardware

Microsoft | June 11, 2021

Microsoft announced the launch of a dedicated device for game streaming. It is also working with several television manufacturers to develop the Xbox experience right into their internet-connected screens. Microsoft even plans to bring cloud gaming to the PC Xbox app later this year, emphasizing play-before-you-buy conditions.

Although the appearance (look) of these new game streaming devices is not clear yet because Microsoft did not provide any further details, there are speculations that it can be either a Chromecast-like streaming stick or a small Apple TV-like box. So far, we also do not know the television manufacturing partners.

As it is known to all that Microsoft is a giant in cloud gaming. For example, Xbox Game Pass Ultimate is already making it an avenue for its subscribers to play more than 100 console games on Android, streamed from the Azure cloud. It will make cloud gaming available in the Edge, Chrome, and Safari browsers in a few weeks, for all Xbox Game Pass Ultimate subscribers (which is currently in limited beta). And later this year, it is bringing Game Pass Ultimate to Australia, Brazil, Mexico, and Japan.

Microsoft segregates gaming from the hardware in several ways — similar to what Google is attempting with Stadia and Amazon with Luna. However, the significant advantage of Microsoft is the extensive library of popular games, something that is generally missing on competing services, apart from Nvidia’s GeForce Now platform.  Though, Nvidia’s GeForce Now platform has a different business model since its emphasis is not on the subscriptions but on letting you play the games you buy in third-party stores like the Epic or the Steam.

Microsoft deliberately wants to expand the overall Xbox ecosystem, even if it sells fewer dedicated high-powered consoles. The company relates this to the music industry’s transition to cloud-powered services supported by all-you-can-eat subscription models.

Microsoft Xbox head Phil Spencer said, “We believe that games are interactive entertainment and not really about hardware and software. It is also not about pixels. It is about people. Games bring people together, build bridges, and nurture bonds, generating mutual empathy among people worldwide.  Joy and community — that is why we are here.”

Although Microsoft says it is not doing away with dedicated hardware, it is already working on the next generation of its console hardware. But do not expect a brand-new Xbox console anytime soon.

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Trusted since 1986, Asigra provides organizations around the world the ability to recover their data now from anywhere through a global network of partners who deliver cloud backup and recovery services as public, private and/or hybrid deployments. As the industry's first enterprise agentless cloud-based recovery software to provide data backup and recovery of servers, virtual machines, endpoint devices, databases and applications, SaaS and IaaS based applications, Asigra lowers the total cost of ownership, reduces recovery time objectives, eliminates silos of backup data by providing a single consolidated repository, and provides 100% recovery assurance.


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AVCtechnologies Announces Filing of Resale Registration Statement as Part of Funding Plan

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.

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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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Otava Adds Managed Azure Cloud to Robust Hybrid Cloud Portfolio

Otava | April 27, 2022

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Bullhorn Acquires Able to Deliver an Incredible Talent Experience For the Modern Worker

Bullhorn | January 12, 2022

Bullhorn®, the cloud computing company that helps staffing and recruiting organizations transform their businesses, announced that it has acquired Able, a longstanding Bullhorn Marketplace partner and the provider of market-leading candidate engagement and onboarding solutions. This acquisition is the latest major investment by Bullhorn in helping staffing agencies around the world to transform their businesses in an era of continued digitization. The combination of Able’s candidate engagement and onboarding solutions with Bullhorn enables agencies to efficiently meet complex onboarding requirements, reduce candidate drop-out, and get candidates on assignment faster, all while delivering an incredible candidate onboarding experience. The labor market is experiencing a shortage and trends including the ‘great resignation’ on the back of the global pandemic have created the perfect talent storm. In fact for 2022, Talent attraction has been identified as the top challenge for staffing firms in Bullhorn’s recent Global Recruitment Insights and Data (GRID) report. Compounding this challenge, the expectations of the modern worker have changed. These digital natives want flexibility, expect to interact on their terms, and look for a high-touch, high-tech experience in everything they do, and their expectations of Staffing Firms have shifted. Over 90% of talent surveyed in the annual GRID survey wished that the process of finding jobs was easier; 93% of freelance workers indicated the experience of working with online platforms is easier; and, over 50% had given up on a job as the process took too long. Ultimately, the staffing firms that will win in this new world of work are those who prioritize and have invested in developing and maintaining a future-focused candidate experience. Able is trusted by some of the largest staffing agencies in the world to streamline complex hiring workflows and compliance challenges. Able solutions are uniquely designed to simplify, improve, and automate the candidate journey as well as enabling recruiters to configure and automate entire onboarding workflows to the specific needs of each job while ensuring that data flows seamlessly between the systems that recruiters use the most. Able forms management capabilities allows agencies to seamlessly meet government, client, and agency compliance standards. By streamlining the onboarding process, Able clients maximize efficiency and onboard candidates significantly faster, all while freeing up time for recruiters. Additionally, Able offerings are purpose-built for staffing agencies using the Bullhorn platform. “We’re excited to continue to enhance our capabilities in delivering an incredible candidate experience with the acquisition of Able. The product is tightly integrated with Bullhorn, and we have close to 100 joint customers. Already, we’re improving the way we put the world to work everyday through a better talent experience, and we will further this investment with the addition of both Gerald Hetrick, CEO of Able, and Dustin Brewer, Chief Product Officer, who will join our leadership team focused specifically on this mission.” Matt Fischer, president and COO of Bullhorn “Since the very beginning, we have pioneered the way in making sure that every employee has a seamless experience starting a new job. We’re thrilled to be joining the Bullhorn team with whom we’ve worked for many years, have shared values in delivering an excellent customer experience and see enormous opportunity for growth globally,” said Gerald Hetrick, CEO of Able. “As companies face increased demand from the strong job market, our joint solution will help our customers deliver a more scalable onboarding experience, improving fill rates and increasing talent loyalty.” About Able Able allows recruiters to simplify and automate the onboarding processes that prevent new employees from getting to work, from the most straightforward to the diabolically complex, so they can do what they were hired to do sooner. We believe that no matter who someone is, what job they do, whether they’re temporary or permanent, every employee can and should be able to have a great first day. About Bullhorn Bullhorn is the global leader in software for the staffing industry. More than 10,000 companies rely on Bullhorn’s cloud-based platform to power their staffing processes from start to finish. Headquartered in Boston, with offices around the world, Bullhorn is founder-led and employs more than 1,300 people globally.

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Trusted since 1986, Asigra provides organizations around the world the ability to recover their data now from anywhere through a global network of partners who deliver cloud backup and recovery services as public, private and/or hybrid deployments. As the industry's first enterprise agentless cloud-based recovery software to provide data backup and recovery of servers, virtual machines, endpoint devices, databases and applications, SaaS and IaaS based applications, Asigra lowers the total cost of ownership, reduces recovery time objectives, eliminates silos of backup data by providing a single consolidated repository, and provides 100% recovery assurance.

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