Day: February 1, 2022

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ResMed Welcomes Urvashi Tyagi as New Chief Technology Officer

Urvashi Tyagi, ResMed Chief Technology Officer

Urvashi Tyagi, ResMed Chief Technology Officer

  • Tyagi brings over 25 years’ IT and leadership experience from ADP, American Express, Amazon, Microsoft, and IBM
  • Current CTO and SaaS President Bobby Ghoshal now transitions to SaaS full-time

SAN DIEGO, Feb. 01, 2022 (GLOBE NEWSWIRE) — ResMed (NYSE: RMD, ASX: RMD) today announced the appointment of Urvashi Tyagi as chief technology officer (CTO), effective today.

As CTO, Tyagi will lead ResMed’s Digital Health Technology team, driving the innovation and adoption of its world-leading cloud-based digital health platforms, as well as investments in emerging technologies like artificial intelligence and machine learning.

Tyagi has over 25 years’ experience in IT and mechanical engineering, user experience, finance, business development, and executive leadership. Before joining ResMed, she was chief technology officer and senior vice president for ADP. She was previously global head of commercial data engineering for American Express, and before that held senior roles at Amazon’s Audible business, Microsoft, and IBM.

“Urvashi brings world-class technology and engineering know-how, combined with senior leadership experience from other top fintech and consumer tech companies, that will help ResMed accelerate growth of our digital ecosystem, and achieve our goal of improving the lives of 250 million people in 2025,” said ResMed CEO Mick Farrell. “Urvashi has seen and developed best practices in technology across multiple industries, and her strong leadership and team development skills will help her infuse those learnings and practices into the market-transforming work we do here at ResMed.”

With Tyagi’s hire, previous CTO and current SaaS President Bobby Ghoshal now transitions full-time into leading ResMed’s SaaS business, which provides software solutions that enable thousands of out-of-hospital care agencies to work more efficiently to deliver personalized care.

“Bobby has done a tremendous job as ResMed’s first CTO, starting in that role in 2018,” Farrell said. “I’d like to thank Bobby for helping strengthen our Digital Health Technology team with world-class talent and leadership, and I am excited that he can now be laser focused on accelerating growth in our SaaS business, building on the work he did as the COO for Brightree in 2016. ResMed’s leadership in software as a service provides market-leading solutions for healthcare providers, whole healthcare systems, and most important, the tens of millions of patients, residents, and seniors who rely on out-of-hospital care every day.”

About ResMed
At ResMed (NYSE: RMD, ASX: RMD) we pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. Our digital health technologies and cloud-connected medical devices transform care for people with sleep apnea, COPD, and other chronic diseases. Our comprehensive out-of-hospital software platforms support the professionals and caregivers who help people stay healthy in the home or care setting of their choice. By enabling better care, we improve quality of life, reduce the impact of chronic disease, and lower costs for consumers and healthcare systems in more than 140 countries. To learn more, visit ResMed.com and follow @ResMed.

For media
Jayme Rubenstein
+1 858.836.6798
news@resmed.com		 For investors
Amy Wakeham
+1 858.836.5000
investorrelations@resmed.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f8c8bcd-cc85-4a41-8f68-a9e77c74f7f5

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Chargebee Raises Another $250M to Meet Surging Demand from Growing Subscription and SaaS businesses

Funding led by Tiger Global and Sequoia more than doubles valuation to $3.5B in just 9 months

SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital. This round follows a previous round in April raising $125 million at a $1.4 billion valuation, bringing the total investment in the company to $470 million.

More businesses are becoming or being born as recurring revenue businesses. UBS financial services firm predicts that this “subscription economy” will grow to $1.5 trillion by 2025, more than doubling its current $650 billion estimate. As the market grows, so does the opportunity for Chargebee’s global customer base. The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current and future subscription businesses, as well as strategic corporate growth initiatives.

“We built Chargebee to solve infrastructure issues facing high-growth subscription businesses with a product roadmap laser focused on replacing in-house systems orchestrating the complex parts of revenue intelligence like billing and payments. As subscription offerings continue to rapidly evolve, our focus remains on providing a flexible growth engine to power, capture and understand revenue, all in real time,” said Krish Subramanian, CEO and co-founder of Chargebee. “This round of funding will drive innovation to empower the next generation of businesses leveraging subscription billing models to quickly start, scale and transform.”

Chargebee manages revenue operations for subscription-based businesses ranging from early-stage startups to larger enterprises, including Freshworks, Calendly, Doodle and Pret a Manger. Through simple and seamless integrations, Chargebee captures the entire revenue lifecycle from first interaction to the closing of the books each month, empowering teams to make business growth decisions with confidence.

“We believe every company will be a subscription company in the future. The predictability of a subscription business model is extremely attractive, and Chargebee is the leading revenue management partner for the subscription economy. Its platform offers customers a real-time 360-degree view into revenues and user behavior and the intelligence they can use to quickly adapt and make better business decisions. Sequoia’s investment reflects the growing market need and belief in the Chargebee team,” said Tejeshwi Sharma, MD, Sequoia India.

The company recently expanded offerings to build a unified revenue management platform with strategic acquisitions of leaders in revenue recognition (RevLock) and churn deflection and retention (Brightback). In the last year, the platform also added capabilities to optimize revenue growth with new payment methods and gateways, support for one-time payments to meet local tax and e-voicing regulatory and compliance requirements, enhanced reporting and analytics and updated integrations with ERPs (Netsuite and Microsoft Dynamics) and CRMs (Hubspot and Zoho) to support more complex sales motions. The company has also expanded globally with new offices and investments in Australia and India and partnerships with industry leaders including GoCardless, Salesforce, Hubspot and PayPal.

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com

Media Contact
Penny Desatnik
penny@chargebee.com

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Lantronix Launches Application-Specific Industrial IoT Solutions Based on Its New G520 Series Cellular Gateways

Solutions target three verticals: Industry 4.0, Security and Transport

IRVINE, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced its launch of application-specific industrial IoT solutions that address concerns in Industry 4.0, Security and Transport markets with its G520 Series Smart cellular IoT devices and services. Now available are the G520 Industrial, a competitive cellular industrial protocol converter router; and G520 Security, a high-speed LTE CAT13 and 5G communication router to reduce cybersecurity threats. G520 Transport will be launched later in 2022.

The G520 industrial and security gateways offer a complete solution and comes pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management, which increases operational efficiency by providing a single pane from which to manage remote assets. It also comes pre-configured for Lantronix Connectivity Services, which provide North American and global cellular data plans and VPN security with an easy-to-use cloud platform to manage SIMs and services.

“In response to the rapidly growing Industrial IoT market, Lantronix delivers competitive solutions that address and solve the market’s challenges,” said Paul Pickle, CEO of Lantronix. “Our offerings of software, hardware and connectivity services provide our customers with the proven integration and ease-of-use needed for success in today’s IoT-driven world.”

According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.

Now available are:

  • G520 Industrial, which is an industrial-grade competitive Protocol conversion router with LTE communication, multiple interfaces and Fieldbus protocol conversions (e.g., Modbus, DNP3 and IEC) that are provisioned in minutes using the ConsoleFlow platform.
  • G520 Security, which supports high-speed LTE cat13 and 5G, reducing the possibility of cyberattacks with its dedicated quantum Security chip and Lantronix’s proprietary InfiniShield™ software suite while its small form factor and Power Over Ethernet function simplify deployment.

Coming soon is:

  • G520 Transport, which delivers the ultimate hybrid solution based on Lantronix’s 25 years of experience in telematics gateways and Wi-Fi mobile routing. With Wi-Fi on vehicle, location base, sensor enabled and CAN bus reading, G520 Transport is an easy-to-deploy and safely managed solution.

For more information, visit https://www.lantronix.com/products/g520/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2021, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2022 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

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Neology has been Appointed onto England’s National Highways Operational Technology Commercial Framework

SAN DIEGO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Neology UK Limited, a global innovator that is re-imagining mobility for smart cities and safer communities, today announced it has been appointed onto the National Highways Operational Technology Commercial Framework (OTCF). The OTCF is a commercial vehicle to support the delivery of the second roads investment strategy (RIS2) technology pipeline and meet the strategic aims of National Highways. Neology UK Limited will have the opportunity to provide its full, turn-key smart mobility services and solutions covering Transportation Systems, Data Services, Clean and Sustainable Transport Technologies to National Highways through the OTCF.

After National Highways’ rigorous, competitive procurement process, with companies participating from around the world, Neology UK Limited is qualified to provide solutions and services within the OTCF in the four specific Lots below:

  • Lot 1 – Detector Systems, which includes Neology’s ANPR and Average Speed Enforcement solutions
  • Lot 3 – Passive Systems, which includes Sustainable Transport Infrastructure solutions
  • Lot 4 – Operational Systems, such as Active Traffic Management Systems, Congestion Management/RUC, Incident Management and Bridge/Tunnel Control Systems solutions
  • Lot 5 – Operational Technology Consultancy Support

Neology UK Limited has extensive experience providing transportation and smart mobility solutions across the globe, and in particular the UK, that support sustainable growth. The company has deployed extensive traffic enforcement and road safety schemes for valued customers in the region, while leveraging its AI-powered solutions that can also advance National Highways’ Digital Roads 2025 Strategy.

“It’s exciting to have independent verification that Neology UK Limited meets the highest standards to ultimately deliver solutions and services to the citizens of the UK by helping advance safer roadways, create better end-to-end journeys, and provide good value to taxpayers,” said Luke Normington, Managing Director of Neology, Inc.

About National Highways

National Highways is the wholly government-owned company responsible for modernizing, maintaining and operating England’s motorways and major A roads.

About Neology, Inc.
Neology is re-imagining mobility to help our customers accelerate their vision for smart cities and safer communities. Our Mobility Platform™ is setting the industry standard through a unique combination of AI-powered adaptive solutions, a proven integration process, and unparalleled lifecycle support. Backed by a culture of innovation, our mobility experts work closely with global customers and a top-tier partner ecosystem to connect existing infrastructure assets with next-generation technology to modernize the way people move. To create safer, cleaner, more efficient mobility experiences, visit www.neology.net.

Neology Media Contact:
Alyssa Eggum
John Kelly Foster
858.688.2796
alyssa@johnkellyfoster.com

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Sweegen Blazes New Territory in Sugar Reduction with Forward Progress in Brazzein

Rancho Santa Margarita, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Sweegen, a pioneer in wellness ingredient technologies and innovations, announced today the commercialization of its newest advancement in sweetness, the high-intensity sweetener brazzein. Starting this month, food and beverage brands seeking new ways to create better-for-you and reduced sugar products can begin product development activities with Sweegen’s Ultratia™ brazzein.

Samples are ready for brands interested in expanding their sugar reduction toolkits with cost-competitive ingredients to sugar. Brazzein is 500 to 2,000 times sweeter than regular sugar and low-calorie, making it an excellent alternative to sugar, artificial sweeteners, and old generation nature-based sweeteners such as stevia rebaudioside A.

“In 2021, Sweegen launched our Taste Blazer concept, which is a promise to the food and beverage industry that we will help forge a new path for creating truly better-for-you foods,” said Sally Aaron, senior vice president of marketing. “Sweegen’s Ultratia™ brazzein is a key tool to help brands explore entirely new ways to improve the health profile of existing and new products.”

Brazzein is a protein sweetener that promises little to no bitter aftertaste and helps reduce sweet linger, thereby reducing the taste challenges that have historically been a problem in the natural sweetener space. Brazzein is ideal for sugar reduction across various food and beverage applications.

“With Sweegen’s growing and proprietary portfolio of Signature Sweetness Solutions, product developers have more creative possibilities for developing mainstream reduced sugar foods and beverages, as well as innovations for popular diets such as Keto and low-to-no carbohydrate lifestyles,” said Aaron. “With Sweegen’s Ultratia™ brazzein, coupled with our portfolio of advanced stevia sweeteners, and our Flavors for Taste Modulation, featuring bitter blocking technology, brands now have modern tools for creating great-tasting products with consumer appeal,” said Aaron.

The pressure for mainstream food and beverage products to migrate to a healthier sugar and calorie profile has never been greater. Just last month, the World Health Organization (WHO) European Region announced a new, voluntary Member State-led Sugar and Calorie Reduction Network to promote healthier diets and reduce overweight and obesity levels across the European region. The United Kingdom, which will lead the Network in its first three-year term, reports that sugar intake exceeds recommendations across all age groups in the country. The WHO reports that excess sugar consumption is true in many other countries in the European region.

“We’re charting new territory in sugar reduction solutions by bringing Sweegen’s Ultratia™ brazzein to market,” said Steven Chen, chief executive officer.

Brazzein’s extraordinary qualities enable it to join the ranks of other high-intensity sweeteners in a highly competitive way. Still, the quest to scale and commercialize has proven difficult until now. Found sparingly in nature, brazzein derives from the West African climbing plant’s fruit, oubli. To scale brazzein sustainably, Sweegen uses a proprietary precision fermentation process, a technology that produces clean and sustainable ingredients. In addition to scaling the manufacturing process, Sweegen is currently pursuing a range of global regulatory approvals.

“The launch of Sweegen’s Ultratia™ brazzein demonstrates our prioritized commitment to opening access to groundbreaking sugar reduction solutions for the global food and beverage industry,” said Chen. “We envision a better world through the lens of better foods for health and wellness.”

About Sweegen
Sweegen provides sweet taste solutions for food and beverage manufacturers around the world.

We are on a mission to reduce the sugar and artificial sweeteners in our global diet.  Partnering with customers, we create delicious zero-sugar products that consumers love.  Our portfolio has the best modern sweeteners, such as Bestevia® Rebs B, D, E, I, M, and N, and Ultratia™ brazzein, along with our deep knowledge of flavor modulators and texturants, Sweegen delivers market-leading solutions that customers want, and consumers prefer. Well. Into the Future.

For more information, please contact info@sweegen.com and visit Sweegen’s website, www.sweegen.com.

Cautionary Statement Concerning Forward-Looking Statements
This press release contains forward-looking statements, including, among other statements, statements regarding the future prospects for Reb M stevia leaf sweetener. These statements are based on current expectations but are subject to certain risks and uncertainties, many of which are difficult to predict and are beyond the control of Sweegen, Inc.

Relevant risks and uncertainties include those referenced in the historic filings of Sweegen, Inc. with the Securities and Exchange Commission. These risks and uncertainties could cause actual results to differ materially from those expressed in or implied by the forward-looking statements and therefore should be carefully considered. Sweegen, Inc. assumes no obligation to update any forward-looking statements due to new information or future events or developments.

Attachments

Ana Arakelian
Sweegen
949-709-0583
ana.arakelian@sweegen.com
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FACTBOX – Legal Cases Against Myanmar’s Aung San Suu Kyi

Myanmar’s former leader Aung San Suu Kyi will go on trial for election fraud next month, after being charged with influencing the election commission in the run up to a November 2020 ballot that was won in a landslide by her party.

 

The military overthrew the government of Suu Kyi a year ago, alleging unaddressed poll irregularities. She is on trial in more than a dozen cases that carry combined maximum sentences of more than 100 years in prison and denies all charges.

 

The following is a summary of the sentences and cases against Suu Kyi, 76, based on information available to Reuters:

– Intent to incite, after her party sent a letter in February to international organizations asking them not to recognize the military government (Penal Code, Article 505). Sentenced to two years in prison in December 6, 2021.

 

– Breaches of coronavirus regulations during her party’s election campaigning in September 2020 (Natural Disaster Management Law, Article 25). Sentenced to two years in prison Jan. 10, 2022, after a two-year sentence in December 2021 on a similar charge.

 

– Possession in February of unlicensed walkie-talkies and a set of signal jammers (Export and Import Law, Article 8). One case, maximum 3 years in prison. (Telecommunications Law, Article 67). Sentenced on Jan. 10 to two years and one year in jail, respectively, on the charges. The sentences are to be served concurrently.

 

– Obtaining, collecting, recording, or publishing or communicating secret information that could be useful to an enemy (Official Secrets Act). One case, maximum 14 years in prison.

 

– Influencing the Union Election Commission in the 2020 elections (Penal Code article 130-A). One case, maximum three years in prison and a fine.

 

– Violations of the anti-corruption law (Sections 55, 63). 10 cases, maximum 15 years in prison for each.

 

Allegations include:

 

* Misusing funds from the Daw Khin Kyi Foundation Suu Kyi chaired, to build a home.

 

* Leasing government-owned land at a discounted rate.

 

* Accepting bribes totaling $600,000 and 11.4 kg of gold bars.

 

* Misuse of state funds for lease of a helicopter.

 

 

Source: Voice of America