CLOUD INFRASTRUCTURE MANAGEMENT

MORAI to Introduce Cloud-Enabled Autonomous Driving Simulation Technology at CES 2022

MORAI | January 03, 2022

MORAI, the principal creator of full-stack autonomous driving simulation technology, declared today that it will reveal MORAI SIM Cloud, which leverages the cloud to build a wide range of simulation ecosystems without hardware limitations and allows simultaneous testing, at CES 2022.

MORAI SIM Cloud is the Software as a Service (SaaS) application of the prevalent MORAI autonomous driving simulator, MORAI SIM, that will enable users to execute simulation tests in the cloud environment without the the need for any software installation on their local computers. The cloud-enabled process will play a major role in improving test efficiency as it allows users to run a plethora of simulation tests demanding multiple computers to run on a single computer concurrently.

MORAI SIM Cloud will also provide a test automation feature, which automatically allocates test cases in a cloud environment to execute tests and generate ultimate results.

"Based on the cloud-based simulation technology, we announce Cloud-based Autonomous Driving Simutation Technology at  CES 2022.  MORAI will dynamically expand domestic and global business opportunities. We will also use in-person engagement at this year's CES as a prospect to further build global partnerships and actively engage in sharing autonomous driving simulation technologies."

- Jiwon Jung CEO of MORAI

MORAI is the only creator and distributor of a full-stack autonomous driving simulation environment in South Korea, with more than 100 clients, including Naver Labs, Hyundai Mobis and Samsung Engineering. In 2021, the company has acquired around two billion KRW through a bridge funding round. As a result, they were nominated as a future unicorn company by the Ministry of Science and ICT of Korea. They have also received the Hong Dae-yong Award for Patent Technology. MORAI has received additional recognition, such as the Korea Institute of Startup & Entrepreneurship Development Award in the Youth Enterprise Sector and the Prime Minister's Commendation.

Spotlight

Cloud technology is evolving rapidly and offering compelling opportunities for businesses to move their processes into a cloud-based deployment model. This is especially true for cloud communications. When deciding what communication technology is right for your needs, it’s important to know VoIP and UC trends and how these trends impact the cloud as the right deployment model. J Arnold & Associates monitors the communications technology landscape extensively, and has identified three “hot button” trends organizations need to know when selecting the right communications technology.


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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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Zurich North America Selects Yellowbrick’s Cloud Data Warehouse Solution

Yellowbrick | April 29, 2022

Yellowbrick Data, the leader in Distributed Data Cloud architecture for data warehousing, today announced that Zurich North America (Zurich), one of the largest providers of insurance solutions and services, selected Yellowbrick to replace its legacy on-premise data warehouse with a robust cloud-based architecture. Yellowbrick has enabled Zurich to decrease the time to produce business-critical, end-of-month reports by 55%. Zurich was also able to accelerate SAS processes from hours to minutes. “In choosing a cloud data warehouse provider, we were focused on two main things: price for performance and ease of migration. Yellowbrick met our needs in both key areas and has begun to establish a strong relationship with us,” said Denise Birdsell, Head of IT Data Management at Zurich at Zurich North America. “We run complex workloads that require Postgres compatibility, seamless integrations with Informatica, and hybrid cloud flexibility. Our choice to move forward with Yellowbrick benefits our large-scale, end-of-month reporting needs and allows us to update our risk models and reporting environment faster than ever before.” Zurich offers property, casualty, and life insurance products and services. Its customers range from individuals to small, mid-sized, and multinational companies. The company sought a solution that could synthesize its massive quantity of multinational datasets for day-to-day use and company-wide reporting. Yellowbrick set itself apart by running complex test queries on an 80TB dataset, with 100+ concurrent reports executing simultaneously. Yellowbrick outpaced Zurich’s current solution, delivering results in seconds as opposed to days. “As a leading insurance provider, Zurich’s key focus areas include optimizing monthly reporting and claims-handling processes and protecting against the next risk. Yellowbrick’s elastic data warehouse helps Zurich gain critical business insight from their data including validating insurance pricing and evaluating data on policies sold and claims made. With our low acquisition and operating costs combined with high performance, we are fundamentally changing the economics of enterprise data warehousing. We look forward to seeing continued results and evolving with Zurich’s business.” Neil Carson, CEO and Co-founder at Yellowbrick About Zurich Zurich North America is one of the largest providers of insurance solutions and services to businesses and individuals. Our customers represent industries ranging from agriculture to technology. Zurich North America is part of Zurich Insurance Group (Zurich), a leading multi-line insurer serving more than 55 million customers – both people and businesses – in more than 210 countries and territories. Founded 150 years ago, Zurich is transforming insurance. In addition to providing insurance protection, Zurich is increasingly offering prevention services such as those that promote wellbeing and enhance climate resilience. Reflecting its purpose "to create a brighter future together," Zurich aspires to be one of the most responsible and impactful businesses in the world. It is targeting net-zero emissions by 2050 and is one of the world's most sustainable insurers, as shown by the S&P Global Corporate Sustainability Assessment. In 2020, Zurich launched the Zurich Forest project to support reforestation and biodiversity restoration in Brazil. The Group has about 56,000 employees and is headquartered in Zurich, Switzerland.

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Five9 and Deloitte Canada Team Up to Deliver Cloud-Based Contact Center Solutions to the Canadian Market

Five9 | April 22, 2022

Five9, Inc. (NASDAQ: FIVN), a leading provider of the intelligent cloud contact center, announced an enhanced strategic agreement with Deloitte Canada, an independent firm under the Deloitte brand that provides a broad range of integrated services and world-class capabilities to public and private clients spanning multiple industries. The expanded collaboration will drive customer experience transformation, as Five9 continues to expand its international footprint, and closely aligns Five9 and Deloitte Canada’s proven success in partnering with Canadian companies to meet the growing demand for digital age networking and Cloud Contact Center as a Service (CCaaS). Deloitte Canada will feature the Five9 Intelligent Cloud Contact Center as part of its Future of Service Practice, providing end-to-end contact center solutions and services across strategy, architecture, and implementation. The Five9 platform will provide Deloitte Canada’s clients access to digital channels, contact center analytics, workflow automation, workforce optimization, and practical AI to help create more human customer experiences, engaged and empowered contact center agents, and ultimately help deliver tangible business results. Deloitte Canada is a leader in customer experience implementation, and Five9 is highly rated by customers for its solutions and superior after sales quality of service and customer satisfaction. This strategic agreement will amplify existing sales and solutions enablement resources in the Canadian market, and Deloitte Canada will invest in building a Five9 Center of Excellence within Canada focused on leveraging the Five9 platform to drive innovation for the contact center of the future. “Contact centers have become a vital channel for organizations to strengthen their customer relationships and accelerate business transformation,” said Bruce Derraugh, Canadian Practice Leader, Deloitte. “We are expanding our Canadian Future of Service Consulting team that is dedicated to helping our clients leverage modern CCaaS solutions, and we look forward to working closely with Five9 to help our clients maximize the value of their CX solutions and drive successful transformation outcomes to meet their business objectives.” There is a growing demand for CCaaS solutions, and this strategic agreement builds on recent investments Five9 has made to support its rapidly growing Canadian customer base. In 2020, Five9 rolled out two new Canadian data centers that support local data privacy regulations and augment the already available data centers in North America and EMEA. The Five9 field services teams have expanded to include additional Canadian-based Sales, Support, Professional Services, Cloud Infrastructure, Partner Ecosystem, and Customer Success teams that are helping Canadian companies embrace cloud innovation and meet the increased demand to deliver exceptional customer service. “Canadian businesses have more choice than ever when it comes to cloud-based contact center services, and our partnership with Deloitte Canada will extend our ability to deliver a differentiated, secure, world-class experience for our customers,” said Steve Plunkett, Vice President, Global Systems Integrators, Five9. “We are excited about our partnership with Deloitte Canada and the business outcomes we will jointly drive for local enterprises’ ongoing success.” About Five9 Five9 is an industry-leading provider of cloud contact center solutions, bringing the power of cloud innovation to more than 2,500 customers worldwide and facilitating billions of call minutes annually. The Five9 Intelligent Cloud Contact Center provides digital engagement, analytics, workflow automation, workforce optimization, and practical AI to create more human customer experiences, to engage and empower agents, and deliver tangible business results. Designed to be reliable, secure, compliant, and scalable, the Five9 platform helps contact centers increase productivity, be agile, boost revenue, and create customer trust and loyalty.

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MANAGED IT SERVICES FIRM INTELITECHS ACQUIRES TOTAL CLOUD IT

INTELITECHS | January 18, 2022

INTELITECHS, a Utah-based managed IT services provider, is pleased to announce its acquisition of Total Cloud IT. The acquisition opens the door to expansion by INTELITECHS into serving a broader group of small to mid-sized businesses across the country with both managed IT and cloud computing services. "We are pleased to be able to augment our proven model of delivering managed IT services to a larger group of clients across the country. It's a win/win – our regional clients now have access to expanded cloud services, and at the same time, previous cloud services-only clients can now benefit from the more comprehensive services INTELITECHS offers in the areas of managed IT and data security," founder Jake Hiller With today's home-based work force, there is a higher level of concern with data access and end-user security. "So many companies now have more employees working from home than in the office using company and non-company devices to access sensitive data," said Eric Sessions, co-founder. "We see a significant increase in need for our services like Office 365 security, directory synchronization, multi-factor authentication, SPAM filtering and DMARC/DKIM/SPF configuration and monitoring," he added. INTELITECHS provides managed IT services and IT department staff augmentation by serving as its customer's outsourced IT department. Its goal is to become clients' "geek-speak-translators" and to use IT to drive business growth and profitability. The company serves clients across the country with managed IT services, managed backups, 24/7/365 monitoring, and a wide variety of other sophisticated security services. The company also assists clients with hardware sales, cloud-based computing, server migration and Office 365 support. What sets INTELITECHS apart from other technology companies is its focus on partnership with clients versus just being an IT vendor. With its home office in Salt Lake City, UT, the company now serves small to medium-sized businesses across the country.

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Spotlight

Cloud technology is evolving rapidly and offering compelling opportunities for businesses to move their processes into a cloud-based deployment model. This is especially true for cloud communications. When deciding what communication technology is right for your needs, it’s important to know VoIP and UC trends and how these trends impact the cloud as the right deployment model. J Arnold & Associates monitors the communications technology landscape extensively, and has identified three “hot button” trends organizations need to know when selecting the right communications technology.

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