Vancouver Scanning Company Wants Clients to Know They Provide Much More Than Replication Services
VANCOUVER, BC – Micro Com Systems is a Vancouver scanning company that specializes in document digitization, image scanning, and data capture. With decades of experience, they support businesses from many different industries. Recently, Micro Com Systems decided to share some of their lesser known services in the spirit of helping their clients to streamline operations. For more information, go to http://www.microcomsys.com/solutions/additional-services/
Not many people realize that Micro Com Systems is a Fujitsu-certified scanner repair facility, and they stock parts for the latest Fujitsu scanners. They also have trained Canon repair technicians for document and cheque scanners, and they can repair and maintain almost any legacy reader printer ever made.
Finally, Micro Com Systems is a vendor for printer supplies as well as scanner consumables and parts. They stock genuine toner and supplies for Alos/Minolta and other reader printers, Fuji microfilm and processing chemistry, spools, reel cartridges, calibration targets, lamps and duplicating film. MCS also maintains a supply of Fujitsu ScanAid kits, consumable parts, supplies and mechanical parts.
With these supplemental products and services, MCS allows clients to reduce the hassle of dealing with multiple vendors. Instead, they have the opportunity to consolidate different services, thereby increasing the overall efficiency of their offices.
About the Company
Since 1975, Micro Com Systems has been providing local businesses with Document Management Solutions. Their list of products and services includes: Document Imaging & Management, Archival & Book Scanning, Medical Imaging, OCR, Large Format Scanning, Microfilm/microfiche Scanning, Aperture Card Scanning, Enterprise Report Management (ERM), Capture Software, and Capture Equipment.
For more information, please visit http://www.microcomsys.com/ or call (604) 872-6771.
Satisfies Data Residency Requirements and Underscores Global Growth
PALO ALTO, Calif. – Adaptive Insights, the leader in cloud corporate performance management (CPM), today announced it has opened two new data centers in Australia located in Sydney and Melbourne. The new locations allow Adaptive Insights to respond to the data center residency requirements of the region, while providing increased capacity for the company's growing customer base in Australia and New Zealand. Adaptive Insights already has a significant presence in the region, with over 150 customers across a wide range of vertical market segments including food, utilities, education, government, professional services, nonprofit and health. The new data centers expand the company's global data center network, which currently has locations in the United States, Canada and Europe.
"As more and more customers embrace corporate performance management software, we continue to expand and adapt our organization to the needs of our 3000+ global customers," said Robert S. Hull, founder and chairman of Adaptive Insights. "With these new data centers, Adaptive Insights continues to demonstrate its longstanding commitment to the Australia and New Zealand markets and lays a foundation for continued strong growth in the region."
Adaptive Insights currently has offices in Sydney, Melbourne, and Brisbane and a network of partners throughout Australia and New Zealand.
"Establishing in-country data centers enables our government customers to continue to leverage the industry's leading CPM software and remain in compliance with recent regulations governing data," said Greg Clarke, CEO of ABM, an Adaptive Insights reseller based in Sydney. "More important, it allows us to continue to expand access to this critical financial planning and analysis platform so that companies across Australia and New Zealand can maximize the performance of their businesses."
Adaptive Insights' prominent customer base in the region includes Cochlear, a provider of implantable hearing solutions; Roy Hill, an iron ore mining project; and Thiess, an integrated engineering and services provider. New customers include Bellamy Organic, Australia's leading producer of organic baby food; and Trustpower, a leading power and telecommunications company in New Zealand.
Adaptive Insights is the leader in cloud corporate performance management (CPM). Via its software as a service (SaaS) platform, the company offers capabilities for budgeting, forecasting, reporting, consolidation, dashboards, and analytics that empower finance, sales, and other business leaders with insight to drive true competitive advantage. The Adaptive Suite is sold direct or is available through Adaptive Insights' robust cloud CPM channel ecosystem of 200+ partners, including Accenture, Armanino, BDO, Cohn Reznick, Intacct, KPMG, McGladrey, Plex Systems, and Workday. NetSuite also offers Adaptive Planning as its NetSuite Financial Planning Module.
More than 3,000 companies in 85 countries use Adaptive Insights. These range from midsized companies and nonprofits to large corporations, including AAA, Boston Scientific, CORT, Epcor, Konica Minolta, NetSuite, Philips, P.F. Chang's, and Siemens. Adaptive Insights is headquartered in Palo Alto, Calif. For more information, visit www.AdaptiveInsights.com, the Adaptive Insights Blog, and follow Adaptive Insights on LinkedIn, Twitter, Facebook, and YouTube.
Fast-Growing Not-for-Profit Healthcare Organization Rolls Out Always-On IT Network to Power Several Urgent-Care Clinics
SANTA CLARA, Calif. – Today's on-demand economy continues to revolutionize every sector, including healthcare, where thousands of full-service urgent care centers have sprung up in the U.S. -- including several from ProMedica. To support the healthcare organization's growth and demands from today's consumers, the not-for-profit is using Avaya Networking technology to connect its hospitals and full-service urgent-care centers located throughout Northern Ohio and Southern Michigan.
Prior to its network upgrade, ProMedica faced a number of challenges including the increase in network-dependent needs such as urgent-care sites, electronic health records and multicast applications. In addition, today's patient monitors and devices demand IP multicast capabilities that traditional networks are not equipped to handle. Finally, ProMedica's network engineers were challenged to perform maintenance while maintaining a fully operational network.
Avaya Fabric Connect created significant value for ProMedica while solving various challenges and opening doors for new opportunities:
- Improved patient service and safety, with the ability to use a single network to efficiently support multiple, bandwidth-intensive applications, such as the public address system, tracking vital signs on bedside monitors, video surveillance, EHR and more.
- Higher productivity and improved service in the contact center, where real-time dashboards now run flawlessly.
- Rapid recovery when the company experienced a fiber cut -- requiring six hours to repair -- traffic routed automatically without users ever noticing.
- Cost savings with the ability to connect two data centers, Fabric Connect saved the organization from buying eight more links -- saving $18,000 to $20,000 monthly.
- Faster configuration and time to service as the organization integrates newly acquired sites in under a week.
Read the case study: Smart Healthcare -- the remedy for better patient care at ProMedica
With this network infrastructure, the network team has peace of mind that it can easily accommodate the hospital's future demands while providing excellent patient care today.
"When we first investigated Avaya Fabric Connect, we thought it sounded too good to be true. There wasn't any of the traditional complexity, but it promised to deliver all the resiliency we needed. Crucially, the way that it handles multicast was very exciting because we knew that we needed to do something different; business as usual was not an option for ProMedica."
Bruce Meyer, Technical Coordinator of Network Engineering at ProMedica
"As we were tasked with evaluating the value of our other network provider and Avaya, we found speed to delivery and cost more favorable with Avaya, making the decision clear that Avaya is the right way to go for all our networking needs."
Ben Vickers, Director of IT at ProMedica
Tags: Avaya, ProMedica, networking, healthcare, business communications, contact center, patient safety, patient care, technology
ProMedica is a mission-based, not-for-profit healthcare organization serving northwest Ohio and southeast Michigan. The 13-hospital system has more than 16,000 employees, 2,300 physicians with privileges, and more than 800 healthcare providers employed by ProMedica Physicians. Additionally it offers a health plan, Paramount, which serves 320,000 members including more than 225,000 members in the statewide Medicaid plan. Driven by its Mission to improve your health and well-being, ProMedica offers a full range of diagnostic, medical and surgical specialties in areas such as emergency medicine and trauma, behavioral health, heart and vascular, oncology, orthopaedics, neurology, and women's and children's services. The health system has been nationally recognized for its advocacy programs and efforts to raise awareness about hunger as a health issue.
Avaya is a leading provider of solutions that enable customer and team engagement across multiple channels and devices for better customer experience, increased productivity and enhanced financial performance. Its world-class contact center and unified communications technologies and services are available in a wide variety of flexible on-premises and cloud deployment options that seamlessly integrate with non-Avaya applications. The Avaya Engagement Environment enables third parties to create and customize business applications for competitive advantage. The Avaya fabric-based networking solutions help simplify and accelerate the deployment of business critical applications and services. For more information please visit www.avaya.com.
Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or other similar terminology. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these are reasonable, such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors may cause our actual results to differ materially from any future results expressed or implied by these forward-looking statements. For a list and description of such risks and uncertainties, please refer to Avaya's filings with the SEC that are available at www.sec.gov. Avaya disclaims any intention or obligation to update or revise any forward-looking statements.
All trademarks identified by ® , TM , or SM are registered marks, trademarks, and service marks, respectively, of Avaya Inc. All other trademarks are the property of their respective owners
Collaboration Creates End to End Solution for Cloud Transformation
SAN ANTONIO, Texas – Rackspace® (NYSE: RAX) and Cloud Technology Partners (CTP) announced a strategic relationship to deliver professional and managed services for enterprises leveraging the leading cloud platforms.
The combination of Fanatical Support® with CTP's best-of-breed services provides enterprise customers with a holistic solution for cloud adoption by addressing:
- Cloud strategy and economics
- Security and governance
- Application portfolio assessment
- Application modernization, migration and development
- DevOps and automation
- Ongoing cloud operations and managed services
"We are seeing increasing demand from enterprises that are seeking help moving to AWS and Azure, and then successfully managing their environments once deployed," said Taylor Rhodes, chief executive officer of Rackspace. "CTP is a recognized leader in helping enterprises move to the cloud and is a natural complement to our managed services expertise. Together, we provide the market leading solution that helps enterprises accelerate their realization of cloud benefits."
Many enterprises want the agility and cost-efficiency of cloud, but are slowed by complex transformation efforts. Cloud adoption for these enterprises typically requires a staged solution, encompassing different platform and technology options, along with professional and managed services. A combined Rackspace and CTP offer is the ideal solution for enterprises facing these challenges.
CTP provides professional services and software for enterprises moving to AWS, Google, Microsoft and other leading cloud platforms. CTP's Cloud Adoption Program brings together technologies and services to accelerate enterprise-wide cloud adoption. This comprehensive framework for moving to the cloud has been applied to hundreds of enterprise engagements, helping customers achieve business results faster no matter where they are in their cloud journey.
Rackspace brings 16 years of experience in operating cloud infrastructures and application environments at massive scale, side-by-side with two-thirds of the Fortune 100. Rackspace experts, possessing more than 280 AWS associate and professional certifications, manage the day-to-day work so customers can focus on their core mission.
"Working with Rackspace was an obvious fit based on their managed cloud leadership and our shared emphasis on supporting customers through every phase of their cloud journey," said Chris Greendale, chief executive officer of Cloud Technology Partners. "Our prescriptive approach to public cloud adoption has been hugely successful for enterprise customers and we are very excited at the opportunity these combined services provide for both companies."
In addition to becoming CTP's exclusive managed cloud service partner, Rackspace will invest in CTP's Series C funding round and join its Board of Directors.
For more information about Rackspace's strategic relationship with CTP, please visit www.rackspace.com/ctp.
For more information about Fanatical Support for AWS, please visit www.rackspace.com/aws.
For more information about Cloud Technology Partners, please visit www.cloudtp.com.
Rackspace (NYSE: RAX), the #1 managed cloud company, helps businesses tap the power of cloud computing without the complexity and cost of managing it on their own. Rackspace engineers deliver specialized expertise, easy-to-use tools, and Fanatical Support® for leading technologies developed by AWS, Google, Microsoft, OpenStack, VMware and others. The company serves approximately 300,000 businesses worldwide, including two-thirds of the FORTUNE 100. Rackspace was named a leader in the 2015 Gartner Magic Quadrant for Cloud-Enabled Managed Hosting, and has been honored by Fortune, Forbes, and others as one of the best companies to work for. Learn more at www.rackspace.com.
Forward Looking Statement
This press release contains forward-looking statements that involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Rackspace Hosting could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements concerning expected development, performance or operational results related to any particular customer or customers of our customers associated with our hosting solutions; any other statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Risks, uncertainties and assumptions include issues relating to the performance of a customer's configuration caused by forces outside of the control of Rackspace; changes in the economy, technological and competitive factors, regulatory factors, and other risks that are described in Rackspace Hosting's Form 10-K for the fiscal year ended December 31, 2015 filed with the SEC on February 25,2016. Except as required by law, Rackspace Hosting assumes no obligation to update these forward-looking statements publicly, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.
Run Capital leads £1m+ round to fund continued expansion of Rezatec’s global sales of satellite-driven data analytics to customers in the Utilities, Agribusiness and Energy sectors
HARWELL, Oxfordshire – Rezatec, the leading provider of satellite-driven data analytics for users in the Utilities, Agribusiness and Energy sectors, announced today completion of a £1m+ seed financing round. Run Capital led the round with support from the Harvard Business School Alumni Angels and existing shareholders. Rezatec will use the capital secured to expand its sales and marketing teams worldwide as it continues to expand its global customer base.
The financing follows a number of contract awards for subscription to the Company’s unique landscape intelligence portal by customers seeking to enhance their corporate predictive and forecasting capabilities around their land based assets. Application of Rezatec’s data analytics can significantly improve landscape asset yields through enhanced commodity crop productivity in the Agribusiness sector and reduced network infrastructure costs in the Utilities domain.
“We are making clear headway with commercial sales of satellite-derived data analytics in a number of sectors worldwide,” said CEO Patrick Newton. “The support of our investors in this round is key to our expansion plans into this new and fast developing segment of big data analytics.”
Andrey Romanenko, Managing Partner of Run Capital commented, “We are very pleased to have led on this round of investment in Rezatec. We believe the Company is well placed to capitalise on its leadership position in this fast developing data analytics sector. The rapid growth in the availability of satellite raw imagery combined with Rezatec’s proprietary technology offers up substantial commercial opportunity in a number of markets worldwide.”
Cornel Riklin of the Harvard Business School Alumni Angels and Caphaven Partners, who joined the Board of Rezatec on completion of the round, added “Rezatec delivers substantial value add to a whole range of sensor data inputs above and beyond raw satellite imagery. Its proprietary processing of these inputs can generate advanced analytics for a much broader range of verticals and geographies than its current area of operations. The scale of this market opportunity available to the Company was a critical factor behind our investment decision.”
Neeshu Lukha, Board Member of the Harvard Business School Alumni Angels concluded, “A number of our members were very excited by the Rezatec proposition and were keen to be involved in this round. Many of our members consider earth observation data analytics to be a true big data proposition and see a very substantial market opportunity for Rezatec in the period ahead.”
Rezatec proprietary algorithms process data inputs from satellite, airborne and ground sensors to predict outcomes for key assets in a number of industry verticals. Users access Rezatec analytics through subscription to the Rezatec landscape intelligence portal. Amongst its solution sets, Rezatec enables yield optimisation for commodity crops in the Agribusiness sector; water catchment pollution and soil erosion forecasts in the Water Utilities sector; and pipe bursts and subsidence movements in the Energy and Utilities sectors. Rezatec users include major UK utilities, agribusinesses, consulting partners and government.
Rezatec™ helps businesses better manage their land-based assets by making use of the increasingly sophisticated but complex array of Earth Observation (EO) imagery and data available. We do this by aggregating large amounts of diverse data from satellites, airborne sensors and ground instruments, applying our proprietary algorithms and modelling to deliver high value, unique critical decision support for our customers. We deliver our data analytics through subscription based access to our landscape intelligence portal. For more information about Rezatec visit www.rezatec.com.
About Run Capital
Run Capital, established in 2014, is a venture capital firm with focus on early stage tech companies. The firm is managed by a prominent Russian entrepreneur Andrey Romanenko (co-founder of QIWI plc). For more information about Run Capital visit www.runcapital.vc.
System to Provide Florida Residents, Businesses and Visitors with Location-Based, Event-Specific Life-Safety Messaging
Everbridge, a global enterprise software company that provides applications which automate the delivery of critical information to help keep people safe and businesses running, today announced that the Florida Division of Emergency Management (FDEM) has selected Everbridge as the service provider for the development and implementation of AlertFlorida, a landmark initiative which will provide statewide emergency alert and notification services to Florida residents, businesses and visitors.
“Ensuring the safety of all Floridians is the Division’s top priority,” said FDEM Director Bryan W. Koon. “The selection of Everbridge as the AlertFlorida vendor marks a milestone toward providing the State’s Emergency Managers with a standardized system to communicate critical emergency information to every resident, business and visitor in Florida.”
AlertFlorida services are currently being implemented in several counties during an initial phase, with additional deployment phases continuing throughout 2016. Each participating jurisdiction will be able to customize the categories of alerts available in their community through a local opt-in portal. The system also will provide automated notifications of flash floods, tornados and other watches and warnings issued by the National Weather Service.
AlertFlorida is expected to be the most comprehensive and coordinated statewide emergency notification program in the country. Once fully deployed, users will be able to select their preferred language and methods for receiving alerts, including SMS text messaging, e-mail, voice calls, TDD/TTY messaging and mobile device apps for AndroidTM, Apple® and Windows® mobile devices. The system will also allow users to post alerts to social media channels and will interface directly with existing broadcast-based alerting systems.
“The state of Florida continues to demonstrate strong leadership in emergency management, and this statewide critical communications program will improve Florida’s overall preparedness and resiliency during severe weather disasters and manmade emergencies,” said Jaime Ellertson, CEO of Everbridge. “We applaud the state of Florida for this initiative and we are delighted to partner with FDEM to help ensure that all individuals and organizations in the state are safe and informed.”
Everbridge provides critical communication services to over 2,700 global customers. Everbridge’s large public sector clients include eight of the ten largest U.S. cities and all but one of the top 25 busiest airports in North America. Everbridge’s communications platform can deliver billions of messages each year across multiple languages and device types.
For additional information about the Florida Division of Emergency Management, visit Floridadisaster.org. FDEM also features an extensive social media presence. Follow FDEM on Twitter at @FLGetAPlan, Instagram at @FLGetAPlan and Facebook at Facebook.com/FloridaDivisionofEmergencyManagement and Facebook.com/KidsGetAPlan.
Company Continues To Expand Its Footprint In Louisiana
DALLAS – COPsync, Inc. (NASDAQ: COYN), which operates the nation's only law enforcement in-car, real-time information sharing and data communication network and the COPsync911™ threat alert service for schools and other potentially at-risk facilities, announced today that the COPsync911 threat-alert system will be implemented in all of the 14 building locations within the Iberville Parish School District in Plaquemine, Louisiana.
Iberville Parish School District, located south of Baton Rouge and serving students pre-K-12, joins a growing number of schools across Louisiana and the nation that are using the COPsync911 service to safeguard their schools. The COPsync911 system is activated by school faculty and staff when a threatening situation arises and allows them to send an immediate and silent alert to all other employees within the facility, the local law enforcement dispatch center, the closest patrol officers – directly to them in their patrol cars – and to their mobile devices, even if they are away from their patrol car. The COPsync911 system has the ability to inform patrol officers and dispatch of a threat potentially faster than dialing 9-1-1. The system also provides responding officers a map and facility diagram to hasten response time thereby saving minutes when seconds count.
Mr. Ronald A. Woessner, Chief Executive Officer of COPsync, Inc., stated, "As we continue to expand our footprint in Louisiana, we are pleased to add the Iberville Parish School District to the growing number of educational systems that have chosen the COPsync911 threat-alert system to enhance the safety of their students, staff, and faculty. We look forward to serving their 14 locations as we continue to establish our Company as the leading provider of real-time threat alert systems for schools and other potentially at-risk facilities."
During the March 14, 2016, School Board meeting, Superintendent Edward Cancienne, commented, "Over the years, the Iberville Parish School Board has fully supported our efforts to provide a safe environment for the students and staff of Iberville Parish schools. In approving the COPsync911 project, the Board is again supporting that commitment and recognizes that COPsync911 can be another key safety tool to help save the lives of our students and staff, and our local law enforcement, if a critical safety situation did indeed occur at one of our schools or administrative sites."
About COPsync, Inc.
COPsync, Inc. (NASDAQ: COYN) is a technology company that improves law enforcement communication in a manner that saves officers' lives and helps them prevent and respond more quickly to crime. Officers have instant access to actionable, mission-critical data, share information, and communicate in real-time with other officers and agencies, even those hundreds and thousands of miles away. The COPsync Network™ also eliminates manual processes and increases officer productivity by enabling officers to write electronic tickets, accident reports, DUI forms, arrest forms and incident and offense reports. COPsync's threat-alert system, COPsync911™, enables schools, courts, hospitals, and other potentially at-risk facilities to automatically and silently send emergency alerts directly to local law enforcement officers in their patrol cars during a crisis, thereby speeding first responder response times and saving minutes when seconds count. The company also sells VidTac®, a law enforcement software-driven in-vehicle video system. Visit www.copsync.com and www.copsync911.com for more information.
Preservica v5.6’s rich set of new features include easy “drag & drop” collection re-arrangement, support for virtual collections, recoverable delete, advanced catalog synchronization with ArchivesSpace, public access faceted search and new digital preservation tools including migration of video files to web-friendly HTML-5
BOSTON, Mass. – Preservica, a world leader in digital preservation, has announced the latest release (v5.6) of its Digital Preservation and Access software. The new features build on Preservica’s active post-ingest file format migration and storage management to give libraries, museums, archives and businesses new levels of control and flexibility over how they manage, arrange, migrate, share and store their valuable digital content overtime - as needs, demands and technologies change.
Preservica’s collection arrangement and explorer view has been significantly enhanced with “drag-and-drop” making it easy to create and re-create alternative hierarchies, collections or archival structures. In addition, v5.6 introduces easy to build Virtual Collections to enable the rapid creation of temporary exhibitions or new ways of discovering and searching the collection or archive.
Preservica v5.6 also adds recoverable delete giving greater control over the removal of content overtime and protecting the collection or archive from accidental or malicious deletions.
Version 5.6 also uses Preservica’s proven catalog synchronization framework to add support for ArchivesSpace. Developed in collaboration with Yale University Library the new synchronization simplifies the ingest and preservation of digital content and enables institutions to maintain a single catalog view across both physical and digital assets by automatically synchronizing catalog hierarchy and metadata between ArchivesSpace and Preservica, maintaining synchronization even after ingest.
Preservica’s easy to customize Universal Access has also been enhanced with faceted search, a new capability developed in collaboration with The Trustees of Reservations which will be followed by further advanced search capabilities in future releases.
Finally, v5.6 extends Preservica’s core digital preservation tool set – which already supports over a 1000 different file formats and 300 migration pathways – adding Handbrake for easy video file migration to web-friendly HTML-5 format, as well as new easy-to-use preservation registry search functions.
Jon Tilbury, CEO Preservica adds “The majority of the new features in v5.6 are down to the valued input of the growing Preservica user community who work closely with us and each other to simplify the challenge of ensuring their valuable digital content remains findable and accessible into the future”.
Euan Cochrane, Digital Preservation Manager at Yale University Library adds “Collaborating with Preservica to develop and deliver the ArchivesSpace synchronization and the new Virtual Collection capability in such a short space of time is the reason why we chose a flexible digital preservation platform that can adapt and scale as our archiving needs grow and change overtime. It is also very satisfying to know that these new features are now available to other Preservica users as part of a well-supported product roadmap”.
All Preservica Editions (cloud and on premise) will include the new functionality, and will be available to existing Preservica customers through their regular maintenance and update program.
New features included in Preservica v5.6 (all Editions)
- New Core Digital Preservation Tools
– easily migrate video files to web-friendly HTML-5 format
- “Drag and Drop” Collection Arrangement
– quickly and easily arrange and re-arrange records, hierarchies and collection structures
- Virtual Collections
– rapidly build temporary exhibitions and provide alternative ways of searching, discovering and accessing digital content
- Recoverable Delete
– safely remove unwanted content overtime and protect the archive from malicious or accidental deletions
- ArchivesSpace Catalog Synchronization
– automatically synchronize metadata and hierarchy between ArchivesSpace and Preservica, during and at any time after ingest
- Public Access Faceted Search
– simplify collection and archive discovery and search
Preservica are also running a product briefing & demo webinar:
Preservica v5.6 Overview of New Collection Arrangement Tools & Demonstration of Catalog Synchronization with ArchivesSpace
Thursday, 28th April 2016, 11am-12pm, EST, 3pm-4pm UK
Preservica is a world leader in digital preservation software, consulting and research. Our active preservation solutions are used by leading businesses, archives, libraries, museums and government organisations globally, to safeguard and share valuable digital content, collections and electronic records, for decades to come. These include the UK National Archives, the Met Office, Texas State Archives, Wellcome Library, Associated Press and HSBC, to name a few.
Available on premise or in the Cloud, Preservica’s award-winning digital preservation and access software is a complete, standards-based (OAIS ISO 14721) trusted repository that includes connectors to leading Enterprise Content and Records Management systems to ensure long-term usability, trustworthiness and preservation of vital digital records, emails and content.
LONDON – EDF Energy, one of the UK’s largest energy companies and the largest producer of low-carbon electricity, is using Tinubu Square’s Risk Analyst service to carry out credit risk assessments which are helping the company to win deals where speed of response is critical.
EDF Energy produces around one-fifth of the nation's electricity from its nuclear power stations, wind farms, coal and gas power stations and combined heat and power plants. Today, the company employs over 15,000 people across the UK - from Torness in Scotland right down to Exeter in Southern England.
Adrian Wijay, Mass Market Credit Risk Manager at EDF Energy explained the challenge that the company faced:
“In the B2B market, we quote on hundreds of thousands of counterparties. The associated credit risk assessments vary in detail dependent on deal size. SME size deals primarily make use of standard bureau auto scores, whilst the largest deals make use of public credit ratings and in depth internal investigations. The middle ground often presents the challenge; where lack of easily attainable information and significant exposure exist.”
Tinubu Square’s Risk Analyst service combines quick and comprehensive credit risk assessments and reports with access to a team of experienced risk analysts. The service can deliver information on any buyer in any country, and supplement this with on-call expert opinions to match a client’s own risk parameters.
Having assessed the service offered by Tinubu Square, and after deciding that it could be a useful resource to help with specific requirements with a view to providing a trusted additional view, EDF Energy requested its first risk analysis report.
“The first report came back and we immediately noticed the degree of detail, and the way that the language was pitched at the right level,” commented Adrian Wijay. “It provided us with a lot more than a standard credit check, which provides a useful tool for my team.”
EDF Energy primarily uses the Tinubu Risk Analyst service to provide it with a level of detail that it would find hard to secure elsewhere. The company appreciates the format of the reports which can be passed on and utilized by the internal credit management team, and the explanatory style which clarifies all the key issues.
“We know what depth the reports will go into, which supports our internal resources and the intelligence included saves us a great deal of time and effort, so they are operationally very useful,” continued Wijay. “What we also like is the option to talk to Tinubu’s analysts; this gives us additional context when we are assessing a credit request, because the decision making is not always straightforward.”
EDF Energy also benefits from the account management that it receives from Tinubu, and believes the access to expertise, on-hand second opinions and a willingness to go the extra mile makes the Risk Analyst service good value for money.
A recent deal with a global manufacturer was ably supported by Tinubu’s service. Quick responses on potential group guarantors allowed EDF Energy to win this large supply contract, where the risk / return decision was highly complex.
Since using the Tinubu service, Wijay says that the service has helped to win deals where speed of response is critical.
“As a Credit Risk team, we are here to support our commercial team in securing business in line with our risk appetite” Wijay said. “To continue to do this, in what is an increasingly competitive environment, we are likely to need more help from Tinubu because their analysis is useful, particularly in less straightforward cases and where we are on a short deadline. If we see a contradiction between standard credit checks or with own internal detailed checks, we know we can go straight to Tinubu for a valued additional view.”
About Tinubu Square
A fintech innovation flagship for 15 years, Tinubu Square is the leading European expert in trade credit risk management. Thanks to a high-level knowledge of credit risk, Tinubu enables organizations across the world to significantly reduce their risk, financial, operational and technical costs with best-in-class SaaS solutions and services.
With its innovative technological approach, Tinubu Square provides IT solutions and services to different businesses including multinational corporations, credit insurers and receivables financing.
Sopra Steria awarded exclusive contract by Financial Conduct Authority to provide a ground-breaking regulatory platform
LONDON – Sopra Steria, a European leader in digital transformation, has today announced that it has been selected by the Financial Conduct Authority (FCA) to deliver a new digital regulatory market data processing platform. The exclusive six-year contract will see Sopra Steria supply a complete solution, which ensures investment firms’ trading reporting activity remains compliant.
Based in a major international financial centre, the FCA has a critical role in maintaining the integrity of global capital markets. As part of this, the new market data processing platform will support the FCA’s on-going regulation of firms, as well as encompassing new requirements under the forthcoming EU regulation entitled the ‘Markets in Financial Instruments Directive' (MiFID II). Under MiFID II trading venues and investment firms will be required to submit market data on a wide range of financial instruments to the FCA. In order to meet stringent validation times and deliver value for money by reducing implementation and running costs, the FCA required an innovative offering utilising the latest digital technology.
Following a competitive tender process, the FCA chose Sopra Steria’s Regulatory Support Service solution which incorporates best-of-breed industry partners. The platform is a big data solution using cutting-edge open source application components and hosted on Amazon Web Services (AWS). It will be able to handle millions of transactions per day, the receipt and delivery of which are guaranteed by Axway which assures the exchange of files between submitting entities, the FCA and other stakeholders. Powered by DataStax Enterprise Max it will validate and store all transaction reports, ensuring they meet the MiFID II rules.
It is estimated that the Regulatory Support Service will store billions of transaction reports over the initial six-year term of the deal. Its reporting warehouse facility will interrogate large amounts of data with the purpose of giving the FCA greater transparency, and therefore a larger breadth and scope of information on reported transactions. The solution has been designed to be multi-tenanted to enable others to benefit from the platform.
John Torrie, UK Chief Executive, Sopra Steria, said: “This strategic big data solution will not only offer a ground-breaking service to a key client of Sopra Steria, but also the potential to reduce the cost of financial regulation in both the UK and around Europe.”
Georgina Philippou, Chief Operating Officer, FCA, said: “Having reliable, robust and scalable market data processing solutions is critical to our role in regulating capital markets. Following a rigorous selection process, we have chosen Sopra Steria to help us meet our rapidly changing requirements in this area, and we very much look forward to working with them.”
Melba Foggo, Managing Director of Sopra Steria Financial Services, said: “This contract is a key win for my team and further supports our already strong relationship with the FCA. This deal, with an initial six-year term, has now placed us at the forefront of MiFID II developments, cementing our aim to become one of the prime providers of regulatory trading solutions. The high-speed data ingestion and processing capability has far-reaching implications for the investment industry. It will allow us to explore adjacent MiFID II opportunities, such as providing a validation service directly to investment firms who need to report to the FCA.”
About Sopra Steria
Sopra Steria, a European leader in digital transformation, provides one of the most comprehensive portfolios of end-to-end service offerings on the market: consulting, systems integration, software development, infrastructure management and business process services. Sopra Steria is trusted by leading private and public-sector organisations to deliver successful transformation programmes that address their most complex and critical business challenges. Combining high quality and performance services, added value and innovation, Sopra Steria enables its clients to make the best use of digital technology. With over 38,000 employees in more than 20 countries, Sopra Steria had revenue of €3.6 billion in 2015.
For more information, visit us at www.soprasteria.com
Info ComFI : Sopra Steria Group (SOP) is listed on Euronext Paris (Compartment A) - ISIN: FR0000050809
About the Financial Conduct Authority
On the 1 April 2013 the Financial Conduct Authority (FCA) became responsible for the conduct supervision in the UK of all regulated financial firms and the prudential supervision of those not supervised by the Prudential Regulation Authority (PRA).The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this it has three operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers. Find out more information about the FCA.