WHR Group, Inc. Becomes WHR Global

Global Employee Relocation Management Company Operates Under New Name to Reflect Global Presence

MILWAUKEE, June 07, 2022 (GLOBE NEWSWIRE) — WHR Group, Inc. (WHR), a leader in the global employee relocation industry, announced today that the company will begin operating under a new name and will be known as WHR Global (WHR). This name change reflects how WHR has grown from being a US relocation management company to a global mobility brand, with offices also in Singapore and Switzerland. WHR’s global expansion was critical to serve its clients’ ever-growing needs for worldwide global relocation services.

The Switzerland office supports clients and their transferees in Europe, the Middle East and Africa, while the Singapore office supports the Asia-Pacific region. These international offices provide a range of services including pre-assignment, transition, on assignment and repatriation services to multi-language expatriate transferees. Overseas staff bring a variety of foreign languages including French, German, Spanish, Japanese, Malayalam, Lithuanian, Russian, Bahasa, Malay and Mandarin. Along with its U.S. headquarters in Milwaukee, Wis., WHR helps some of the largest global organizations and has relocated hundreds of thousands of employees to over 120 countries worldwide. WHR specializes in providing each expatriate with a dedicated relocation team, white glove service and 24/7 availability for their entire relocation journey.

WHR CEO Roger Thrun believes it’s a client obsession that has helped WHR become so successful. “We always make sure the client and their transferees come first. We believe that working in our clients’ best interests pays big benefits,” says Thrun. “Our number one objective is to provide the very best service that our clients and their employees will ever receive. Our niche is to make employees happier and more productive through a really stressful time in their lives by providing superior relocation services.”

This name rebranding does not change WHR’s ownership since its founding in 1994. As an independent organization, WHR does not have affiliations or partnerships with other organizations which allows WHR to act as a fiduciary to its clients. This ensures only the highest quality supply chain partners are utilized.

About WHR Global
WHR Global (WHR) is a private, client-driven global relocation management company distinguished by its best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in Milwaukee, Wis., Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted leader in global employee relocation. WHR lives by its vision and passion for Advancing Lives Forward® and Making the Complex Simple. To learn more about WHR, visit http://www.whrg.com, or follow on LinkedInTwitter and Facebook.

Media Contact: Mindy Stroiman, Corporate Writer
Mindy.Stroiman@whrg.com
262.523.7510

Tank cake influencer Austin Li ‘set up’ by his enemies: business associate

Beauty influencer Austin Li, part of a generation of younger Chinese people who know little of the June 4, 1989 Tiananmen massacre, may have been set up by a rival when he displayed a tank-shaped ice-cream dessert on his livestream, prompting censors to pull the plug immediately, RFA has learned.

Li’s livestream was taken off air on Jun. 3 shortly after he showed an ice-cream dessert in the shape of a tank, one day ahead of the 33rd anniversary of the crackdown. Public commemorations of the massacre are banned in China.

But a close business associate of Li’s, Sun Mei, said the young man was raised in an era where nobody mentioned the massacre.

The ruling Chinese Communist Party (CCP) says the mass protests of 1989 were a “counterrevolutionary rebellion” and that then supreme leader Deng Xiaoping was justified in sending in the People’s Liberation Army (PLA) to mow down unarmed civilians with guns and tanks.

Online references to the events of June 4, 1989, including images of tanks, are swiftly deleted by government censors.

“He’s not doing too well right now,” Sun told RFA. “He has offended a lot of people, some of whom were looking to mess with him. He was set up.”

Sun dismissed online rumors that Li is being held by the authorities for tax evasion.

“Li Jiaqi paid off his taxes; he paid out a lot of money — far too much, but he wanted to buy peace, and the tax evasion incident is over,” he said.

Unaware of history

Sun described Li as a loyal patriot who “usually responds to directions from the CCP very well,” expecting to be protected in return.

“His office resembles a party-building operation, and he has had a lot of interaction with the district and municipal party committees,” he said.

So, how did a loyal party follower come to display the controversial tank dessert on his live show?

Sun said Li’s generation lacks exposure to his country’s own recent history.

“He is a victim of the information blackout [around that topic] because … he is very young,” he said. “He has a lot of fans … now everyone is talking about what happened on June 4, 1989, and more and more people are coming to know about it.”

Sun said some 100 million fans may already have heard of the Tiananmen massacre, but plenty more were now likely planning to find out about it as a direct result of Li’s tank dessert debacle.

Settling ‘old and new scores’

Meanwhile, authorities in the eastern province of Zhejiang have detained a former leader of the 1989 protest movement at Hangzhou University on suspicion of “picking quarrels and stirring up trouble,” after he protested the confiscation of his mobile phone by police.

Xu Guang was detained on suspicion of the charge, which is frequently used to target peaceful critics of the CCP, by the Xihu branch of the Hangzhou police department last week, fellow dissident Zou Wei told RFA.

“The Xihu district state security police and officers from Yuquan police station came to his door and told him not to go out or make comments online around June 4,” Zou said.

“Then they took Xu Guang’s two mobile phones away. The next day, Xu Guang went to Yuquan police station to get his phone back, but the police refused to give it back,” he said.

Xu, 54, went to complain in person but was detained when he showed up at the police station.

“The state security police told Xu Guang that … this time he would get a heavy sentence, because old and new scores were being settled all at once,” Zou said. “All we know is that Xu has been on hunger strike since his arrest, but we don’t know the specific details.”

Xu has previously served a five-year jail term after trying to formally register the China Democracy Party (CDP) as a political party in 1998, and has repeatedly called on the CCP to overturn the official verdict on the 1989 protests.

He is currently being held in the Xihu Detention Center.

Translated and edited by Luisetta Mudie.

Sumo Logic Introduces Threat Labs Unit for Advanced Detection and Expanded Security Community Contribution

Establishes Sumo Logic Threat Labs Unit to deliver accelerated detection for modern threats at cloud scaleThreat Labs

Sumo Logic Introduces Threat Labs Unit for Advanced Detection and Expanded Security Community Contribution

SAN FRANCISCO, June 07, 2022 (GLOBE NEWSWIRE) — RSA Conference – Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today unveiled Sumo Logic Threat Labs, a threat research and security detection unit. The Threat Labs unit is among the expanded services and tools from Sumo Logic to help customers modernize security operations and achieve greater cyber-resilience. Sumo Logic will showcase the functionality of its security intelligence solutions from Booth #5463 at the RSA Conference 2022 this week in San Francisco.

The Sumo Logic Threat Labs Unit is built to deliver a continuous stream of deep detection content, rapid response guidance, and actionable best practices to Sumo Logic security customers. The team is staffed with domain experts with backgrounds in forensics, incident response, and red/blue teaming, as well as offensive and defensive cyber operations in the United States military and intelligence services. Informed by deep human expertise, the Threat Labs Unit will also play a larger role in contributing advanced detection logic and best practices to the security community to help collectivize the defense.

Dave Frampton, VP/GM, Sumo Logic Security Business Unit:
“Our Threat Labs Unit will contribute actionable insights to our customers from leading-edge threat research, we will also share insight with the community to improve the industry’s collective defense. Our deep and diverse practitioner expertise translates into advanced detection coverage delivered in a unique SaaS model which combines real-time global updates with deployment customization for individual customers.”

Translating Threat Research into Proactive Defense
Modern threat surfaces also encompass application security at every layer of the stack. Customers need end-to-end workflows coordinated across detection, investigation and response efforts. Threat Labs insights are delivered across the Sumo Logic security portfolio, ranging from detection and investigation in Cloud SIEM to automated threat response in Cloud SOAR. In its SaaS delivery platform, Sumo Logic updates detection content for all customers at least twice weekly, to shorten the cycle time from research to concrete defense adaption in environments where every minute counts.

Sumo Logic Threat Labs in Action
As first reported in the media in April, the very first malware exploiting serverless computing was found in the wild creating crypto-miner instances in AWS Lambda. Called Denonia, this cutting-edge malware requires a holistic approach to detection, investigation, and response. The Threat Labs Unit performed research and detection engineering on the Sumo Logic platform. The team then generated content for detection in Cloud SIEM, delivered analysis and hunting across the platform, and orchestrated the response in Cloud SOAR all in one workflow.

Learn about the latest contributions from the Sumo Logic Threat Labs Unit:

About Sumo Logic
Sumo Logic, Inc. (NASDAQ: SUMO) empowers the people who power modern, digital business. Through its SaaS analytics platform, Sumo Logic enables customers to deliver reliable and secure cloud-native applications. The Sumo Logic Continuous Intelligence Platform™ helps practitioners and developers ensure application reliability, secure and protect against modern security threats, and gain insights into their cloud infrastructures. Customers around the world rely on Sumo Logic to get powerful real-time analytics and insights across observability and security solutions for their cloud-native applications. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contact
Carmen Harris, Sumo Logic
charris@sumologic.com
(469) 534-3069

Jenna Shikoff
RH Strategic
SumoLogicPR@RHStrategic.com
(267) 300-7190

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9d6c55f8-3c74-4166-b2c6-4a7fd91be42a

TrueCommerce Appoints Randy Curran as CEO to Lead Company Through Next Phase of Growth

Veteran technology leader will further align the company to drive increased value for global customers

FLORHAM PARK, N.J., June 07, 2022 (GLOBE NEWSWIRE) — TrueCommerce, a global provider of trading partner connectivity, integration, and unified commerce solutions, announced today that Randy Curran has been appointed as Chief Executive Officer and a member of the Board of Directors, effective June 1, 2022.

“We’re incredibly proud of the growth TrueCommerce has experienced,” said Ryan Harper, General Partner for Welsh, Carson, Anderson & Stowe (WCAS) and member of the TrueCommerce Board of Directors. “We’re confident TrueCommerce will accelerate this upward trajectory under Randy’s guidance. He is a proven leader with an extensive background in leading companies into their next stages of growth and operational excellence.”

TrueCommerce’s growth is attributed to several factors. With its acquisition of DiCentral, the company doubled its headcount, increased its customer base by 40%, and expanded its presence across the Americas, Europe, and Asia Pacific. It also invested in its global platform and product development, experiencing a 24% increase in total connections to its global network year over year and a 25% increase in overall data volume on the TrueCommerce Commerce Network compared to 2020.

Mr. Curran is a long-time technology leader with decades of experience transforming and propelling high-growth, international companies to success. He most recently served as an Operating Partner for WCAS, a leading U.S. private equity firm and majority stakeholder of TrueCommerce. Prior to Welsh Carson, Mr. Curran served as CEO for OHL, Inc. (later purchased by GEODIS), the fourth-largest third-party logistics warehouse (3PL) in the U.S., where he created alignment among the management team and led the enhancement of information systems that serviced customers and employees. Mr. Curran also held CEO roles at ITC^Deltacom, Inc. (now Deltacom), ICG Communications, and Thermadyne Holdings, Inc. He graduated from DePauw University with a B.A. in Economics and has an MBA from Loyola University.

“TrueCommerce is at the forefront of the supply chain technology market, and in a global economy that necessitates reliable, seamless supply chain solutions, the growth opportunities for the company are tremendous,” said Mr. Curran. “I’m honored to join this talented team to drive home the alignment of customer success, implementation, support, and making TrueCommerce a destination employer.”

About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: healthcare and technology. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives, and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit www.wcas.com.

About TrueCommerce
TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We’ve revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross-functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 160,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner-specific mapping, labeling changes, and communications monitoring. That’s why thousands of companies—ranging from startups to the global Fortune 100, across various industries—rely on us.

TrueCommerce: Do business in every direction
For more information, visit https://www.truecommerce.com.

Media Contact
Yegor Kuznetsov
Director, Marketing Communications
1-703-209-0167
yegor.kuznetsov@truecommerce.com

TIS Secures €50 Million Debt Facility From Kreos Capital

Enterprise B2B payments leader TIS announces the successful arrangement of a new debt facility with Kreos Capital providing access to €50 million for growth.

Featured Image for TIS

Featured Image for TIS

HEIDELBERG, Germany, June 07, 2022 (GLOBE NEWSWIRE) — Today, enterprise B2B payments leader Treasury Intelligence Solutions (TIS) announced the successful arrangement of a new debt facility with Kreos Capital that will provide up to €50 million in financing. Kreos Capital, the leading growth debt provider in Europe, facilitated the deal to provide TIS with additional funding to execute a variety of strategic initiatives involving new product innovations, potential acquisitions, and continued geographic expansion.

The debt financing, closed in early May, gives TIS access to an attractive pool of liquidity that will be deployed to sustain their continued expansion plans and comes on top of $40 million in equity financing raised previously. The decision was approved unanimously by TIS’ Board and institutional shareholders.

According to Erik Masing, CEO of TIS, “Working with Kreos creates the ideal conditions for pursuing the company’s aggressive business objectives. The funding comes at the perfect time for TIS as we look to expand our geographic footprint, push into new verticals, and extend core platform capabilities. We look forward to working with Kreos on executing our strategy.”

TIS CFO Bastienne Foeller echoed Erik’s sentiments, commenting, “Approval of this loan facility by TIS’ board and financial sponsors reflects a high level of confidence in the strength of our business, the capabilities of our team, and our overall strategy. With Kreos as our financing partner, TIS will have the ability to swiftly execute our strategic initiatives while having the flexibility to respond to new opportunities as they arise.”

For Kreos Capital, TIS represents both an early investment from Kreos’ seventh investment fund, and an ideal business partner to support with financing due to their consistent track record of growth. Highlighting TIS’ solid track record and prospects for future success, Sean Dunne, General Partner of Kreos Capital, added, “TIS is an industry leader in enterprise B2B payments, cash management, and fraud prevention solutions and continues to gain widespread market traction. We look forward to working with the management team to achieve their growth objectives.”

For more information regarding this announcement, please contact TIS.

Press Contact

Jennifer Knutel, VP Marketing U.S.
Treasury Intelligence Solutions (TIS)
+1 978.875.2085
jennifer.knutel@tispayments.com

About Kreos Capital

Kreos Capital is the leading growth debt provider in Europe and Israel, backing high-growth companies through every stage of their life cycle. Kreos targets investments in all areas of the Technology and Healthcare sectors and, to date, has committed in excess of €3.9 billion in more than 690 portfolio company transactions, across 17 countries. With over €2.0 billion in current funds under management, Kreos can invest between €2 million and €100 million per transaction in both public and private companies across stages. Learn more at www.kreoscapital.com.

About TIS

TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize outbound payments. Corporations, banks, and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyze cash flow and compliance data, and improve critical outbound payment functions. With $2 trillion in payments processed annually, the TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain a strategic advantage, and ultimately achieve enterprise payment optimization. Visit us for more information at www.tispayments.com.

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COVID test scandal topples two Vietnam Communist Party high officials

It’s always a sign when the Vietnam Communist Party (VCP) calls for an emergency session of its Central Committee. Following a late May report by the Central Inspection Discipline Commission that detailed the wrong doing and bribe taking by the country’s Minister of Health and the Chairman of the Hanoi Party Committee, the Central Committee voted to expel the two men from the communist party. A third individual, the Deputy Minister of Science and Technology, but not a member of the Central Committee, was also expelled from the party.

Expulsion from the party is in itself a major deal. Party investigators have four levels of discipline: reprimand, warning, demotion and expulsion. No longer protected by their elite party status, their legal jeopardy just went up a few notches. Now that the party’s inspection has concluded, they will now be passed on the prosecutors for trial and an almost certain conviction.

While the investigation of Central Committee members is not unheard of (indeed two members of the 12th Politburo were expelled), this is an incredibly elite body of 180 members and 20 alternate members in a country of 100 million people.

So what was the scandal about?

This was no run of the mill corruption scandal involving payments to regulators or misuse of public funds. This was a through, year-long  investigation, a sign of how importantly the VCP is taking the scandal.

One has to recall that in the first year of the pandemic, Vietnam was the international gold standard or response. They sealed their borders, imposed quarantines, waged a public health campaign, and rallied the population. But Vietnam soon faltered. The Delta and Omicron variants hit the country hard. Vietnam had been so successful in containing the virus that they failed to secure vaccines. Vietnam tried to develop four separate vaccines rather than concentrating its efforts on one or partnering with foreign firms. And following the 13th Party Congress in January 2021, a new leadership team was slow to find its footing. By May 2021, Ho Chi Minh City, the country’s economic engine was in lockdown.

In February 2020, the elite Military Academy of Medicine and Viet-A received an $830,000 grant for a pilot project to produce. In a significant breakthrough, they developed an effective, accurate, and cost-effective test within a month and then quickly moved into commercial production. The Ministry of Health authorized the purchase of the kits at $21 apiece.

But then the dodginess began. In April 2020, the Ministry of Science and Technology announced that the World Health Organizations had authorized the Viet-A test kit, with the expectation of massive sales overseas. Communist Party Chief Nguyen Phu Trong publicly awarded the company with a medal for its achievements in March 2021. Not only did the WHO not recognize the Viet-A test, they rejected it.

That should have set off some alarm bells, but Viet-A made up for the loss of overseas sales by inflating the price at home. A 45 percent markup netted the firm some $175 million.

Calls for investigations mounted in the latter half of 2021. And perhaps with the walls closing in, the company’s Chairman, Phan Quoc Viet, increased the bribes and kickbacks. By the time of his arrest in December 2021, he acknowledged paying bribes of over VND500 billion, roughly $22 million.

His arrest was just the beginning: 21 people have been investigated and VND1.6 trillion in assets were seized.

In March 2022, two senior colonels from the Military Medical Academy were arrested. The director of the Military Medical research Institute was arrested for embezzlement and abuse of power, while the head of the Equipment and Supplies Department was investigated for “violating regulations on bidding, causing serious consequences.” Both were expelled from the party. 

 In April, Lieutenant-General Do Quyet, director of Vietnam Military Medical University and his deputy, Major General Hoang Van Luong, were investigated for their institution’s role in the scandal. In May, authorities arrested the deputy head of the price management division of the Drug Administration of Vietnam.

That month, the Central Committee’s Central Inspection Committee released their report that culminated with a recommendation for disciplinary actions against the Hanoi party chief Chu Ngoc Anh, who had previously been the Minister of Science and Technology, and current Health Minister Nguyen Thanh Long for their lax oversight and corruption within their ministries.

A health worker waits amidst empty stools at a Covid-19 coronavirus vaccination centre for youths between the age of 12 to 17 in Hanoi, Nov. 23, 2021. Credit: AFP
A health worker waits amidst empty stools at a Covid-19 coronavirus vaccination centre for youths between the age of 12 to 17 in Hanoi, Nov. 23, 2021. Credit: AFP

Does it Matter?

Vietnam is a $271 billion economy, and growing quickly. Even by Vietnamese corruption scandals, the Viet-A scandal wasn’t that large. Yes, bribes were paid, but bribes are paid every day in Vietnam.

But this scandal seems to have stung the leadership a little bit more. In part there was the direct link between the firm and the senior leadership. General Secretary Nguyen Pho Trong had egg on his face.

But more importantly, Vietnam’s response to the pandemic was really quite exemplary. Even after the omicron wave rocked the country in mid-2021, they handled it well, and more importantly, had an extremely effective vaccine rollout. Vietnam’s handling of the pandemic was critical in keeping the economy humming. In 2020 as every other economy in Southeast Asia contracted, Vietnam,’s economy grew, though at a modest 2.9 percent. Growth slowed to 2.58 percent in 2021, but is set to grow rapidly in 2022. Public health is seen as essential to economic growth, especially as Vietnam seeks to benefit from decoupling from China and supply chain diversification.

The scandal has also hit the vaunted Vietnam People’s Army, an institution that enjoys the highest levels of trust in the country. Vietnam has largely avoided the major kickback procurement scandals in their military modernization program that plagues many other countries. But it is far from immune to corruption. And one only has to look to Russia to see how pervasive corruption can hollow out a fighting force even after two decades of concerted modernization efforts.

Finally, anti-corruption has been the hallmark of General Secretary Nguyen Phu Trong’s tenure. Trong has wielded anti-corruption as he believes that the country’s endemic corruption threatens the VCP’s legitimacy. But he also has wielded it as a tool against political rivals. And many in the country will see this as just that: elite political infighting.

Now in his third term, there are expectations that Trong, who suffered a stroke in 2020, will step down before the 14th party congress in early 2026. But as long as he believes that corruption is still reaching the senior most ranks, he’ll fight to stay on, convinced that others will take the issue of corruption as seriously.

Zachary Abuza is a professor at the National War College in Washington and an adjunct at Georgetown University. The views expressed here are his own and do not reflect the position of the U.S. Department of Defense, the National War College, Georgetown University or RFA.