Here is IT Digest’s weekly roundup of the top news from global markets. In this fast-paced world, breaking down information helps readers grasp the nuances that follow the news.
In 5G Technology news this week…
HFCL announces the launch of 5G Lab-as-a-Service. HFCL Limited (HFCL), a leading telecom equipment manufacturer and technology provider , announced the launch of 5G Lab-as-a-Service to accelerate rollout of 5G solutions and services.
Telecom operators are adopting multi-vendor networks based on cloud-native technologies for faster and cost-effective rollout of 5G services and for improved user experience. There is also a need to support multiple frequency bands (sub-6 GHz, millimeter wave) and various deployment scenarios to realize diverse 5G use cases for Consumer, Enterprise and Industry Verticals.
BEC Technologies Announces the AirConnect® 8231 5G CBRS Outdoor Router. BEC Technologies Inc., a leading developer and manufacturer of LTE and 5G wireless broadband network connectivity solutions, announced the launch of its latest addition to the AirConnect® Series 5G portfolio. The AirConnect® 8231 5G CBRS Outdoor Router enables 5G standalone (SA) network connectivity over n48 CBRS, an industry first.
In Cloud Computing news this week…
CyberRatings.org Invites Industry Participation in Forthcoming Enterprise Firewall and Data Center Firewall Tests. CyberRatings.org, the non-profit entity dedicated to providing transparency on cybersecurity product efficacy, will begin testing Enterprise Firewalls and Data Center Firewalls this fall with group test scores and ratings to be released in 2023. Test methodologies have been published at CyberRatings.org and are provided at no charge.
CyberRatings invites all leading vendors to submit their offerings to be tested for free. Products with significant market share, as well as challengers with innovative technologies, will be included at CyberRatings’ discretion. The scope of the methodologies includes security effectiveness, performance, stability and reliability, and total cost of ownership.
Shell plc chooses LRS Managed Services to enable Cloud Print and Scan Management. Levi Ray & Shoup, Inc. announced that Shell plc (“Shell”) has selected the LRS® Enterprise Cloud Printing Service, a fully managed service provided by LRS Output Management, to provide and run their print and scan management for approximately 90,000 Shell end-users for the duration of a five-year agreement.
Using the LRS cloud printing service, Shell’s internet-only connected end-users will be able to print and/or scan using Shell’s four strategic end-user device platforms including Windows, Mac, iOS and Android.
In Computer Science news this week…
Deloitte Acquires SFL Scientific’s Business to Enhance Cutting Edge AI and Science-based Capabilities. Deloitte announced that it has acquired the business of SFL Scientific, a leading, award-winning artificial intelligence (AI) strategy and data science consulting firm. This acquisition underscores Deloitte’s commitment to investing in the capabilities that public and private sector clients need to transform their businesses for future success. Combining SFL Scientific’s deep science and analytics knowledge with Deloitte’s breadth of AI capabilities and industry depth and experience further positions Deloitte as an AI leader, advances its ability to deliver AI-fueled transformations for clients, and accelerates the growth of its AI market share.
MICLEDI Microdisplays and Kura Technologies Announce Partnership on Custom Micro-LED Display for Ultra High-Performance AR glasses. MICLEDI Microdisplays, a leading developer of microLED displays for augmented reality (AR) glasses, and Kura Technologies, a world leading innovator in AR headsets announced a collaboration to manufacture AR glasses. The new glasses are designed by Kura and incorporate MICLEDI’s unique 300mm microLED displays to achieve the performance required for Kura’s next generation of AR glasses. Based upon Kura’s proprietary architecture from the chip level up, these next generation glasses feature groundbreaking performance capabilities.
In FinTech news this week….
Jingle Pay, the Financial Super-App, Announces a Strategic Partnership and a Minority Investment from MoneyGram. MoneyGram International, Inc., a global leader in the evolution of digital P2P payments, and Jingle Pay, a financial super-app based in the United Arab Emirates (UAE), announced a partnership to enable convenient and fast global money transfers through the Jingle Pay app. Consumers in the UAE can use the Jingle Pay app – powered by MoneyGram’s global payment rails and near real-time capabilities – to send money to over 200 countries and territories around the world.
MoneyGram has also announced the completion of a minority investment in Jingle Pay. Alex Holmes, MoneyGram Chairman and CEO, has joined the Jingle Pay Board of Directors as Chairman to help guide Jingle Pay’s strategic path forward.
Glenbrook Partners Expands to Meet Demand for Payments Strategy and Risk Management services. Glenbrook Partners, a leading strategy consulting firm focused exclusively on the payments industry, is pleased to announce Chris Uriarte and Samantha Gordon have joined to expand the Payments Strategy and Risk Management practices.
“Chris is an outstanding leader with the rare combination of deep payments, security, and risk management knowledge” said Yvette Bohanan, a partner at Glenbrook. “His background will bring a trifecta of expertise to our clients.”
In HealthTech news this week…
InVita Healthcare Technologies Acquires BloodHub to Expand Capabilities of Connected Software Solutions for Blood Centers. InVita Healthcare Technologies, a leading software solutions provider to healthcare, blood centers, public health, and public safety organizations, and BloodHub, a leader in blood and biologics supply chain automation solutions, today announced that BloodHub is joining InVita’s Blood Management Division to form the most complete provider of connected software solutions to blood centers in North America.
The combined entity’s solution portfolio supports every major process critical to blood center operations from the moment donors are recruited until blood products are ordered, collected, manufactured, tested, and delivered to hospitals.
Wheeler Bio Announces Initial Closing of Series A Round Supporting New Biologics Drug Substance GMP Expansion In Oklahoma. Wheeler Bio, a contract development and manufacturing organization (CDMO) specializing in small batch clinical production of biologics and GMP-grade reagents using their open-source platform, Portable CMC™, announced the first closing of their Series A financing round. The round was co-led by Charles River Laboratories and Echo Investment Capital with participation from ATUM, Floating Point Advisors, Plains Venture Partners (a subsidiary of i2E), and Pine Ridge Ventures.
Wheeler Bio is solving for the typical momentum drop between discovery and development. This early “translation gap” poses significant challenges for emerging biotechs adding technical, financial, and regulatory risks. Wheeler Bio believes that this gap can be minimized through efficient partnering and democratization of standardized manufacturing platforms.
In Information and Communications news this week…
SecurityScorecard Announces Distribution Agreement with Wordtext Systems to Expand Access to World-Class Security Solutions Throughout Asia. SecurityScorecard, the global leader in cybersecurity ratings, announced a strategic distribution partnership with Wordtext Systems, Inc. (WSI), one of the Philippines’ largest and leading IT distributors, to transform how organizations in the region navigate cyber risk.
The partnership gives organizations in the region access to SecurityScorecard’s proprietary ratings system. Using easy-to-understand A-F graded scorecards, the company and its team of industry experts provide organizations with deep analysis of cyber threat intelligence and comprehensive monitoring and assessment tools to manage third-party risk, ensure compliance reporting is accurate, and help foster more informed decisions.
VICUNA Metaverse, Digital-Life Experience Like Never Before. OSTD is a UAE-based licensed technology company that has launched a multidimensional project, VICUNA, which will bring real-life experiences in e-commerce. The project has been introduced with a vision to solve prevalent issues of e-commerce platforms to enable a better experience.
Scheduled for release in the fourth quarter of 2022, the VICUNA ecosystem offers users VINA FitNet, which uses modern technology to allow online buyers to try a product on their virtual selves before buying it and earn by any action related to perfume/fashion industry. The VR with smell further enhances the shopping experience. The platform features buyers, sellers, and reviewers who will have the opportunity to earn through their participation in multiple activities happening on the VICUNA FitNet.
