OSLO, Norway, March 22, 2018 /PRNewswire/ --
Reference is made to the stock exchange announcement from LINK Mobility Group ASA on the 26thof January 2018 regarding the signing of a term sheet for the acquisition of Italian mobile messaging company SMS Italia Srl (SMS.it). LINK Mobility has today signed a final Share Purchase Agreement for the acquisition of all shares in SMS Italia Srl from the seller A2P Ventures Ltd.
SMS.it is one of the leading mobile messaging providers in Italy. The Company was the first in the world to provide mobile Internet & Mobile messaging services on a global scale. Located in Milano, with offices in Bologna, SMS.it is a mobile operator owning an independent mobile network, fixed network, signalling and SS7 interconnection, and has in place interworking agreements with all the Italian mobile operators and the primary MVNO´s.
The Company doubled its revenues from 2015 to 2017 witnessing strong demand for its services in the Italian market.
"I am really happy to announce that we have now reached a final agreement with the sellers of SMS.it. The Italian market is growing strongly and the acquisition of SMS.it in Italy gives LINK a strong platform to continue growing the business and adding more innovative services to our existing and new customers." says Arild E.Hustad, Group CEO LINK Mobility.
The acquisition is based on an agreed enterprise value of EUR 10.371 million on a cash-free and debt-free basis. The enterprise value is based on a normalized EBITDA for 2017 of EUR 1.503 million multiplied by a factor of 6.9. The structure of the deal is as follows:
LINK has a solid cash position and the transaction will be fully financed through LINK´s corporate funds.
Aabø-Evensen & Co Advokatfirma AS, DLAPiper Italy and BDO Italy are acting as advisors to LINK in connection with the above mentioned transactions.
The transaction is expected to close 1st of June 2018.
For further information, please contact:
Arild Hustad, CEO
LINK Mobility Group ASA
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WASHINGTON, March 22, 2018 /PRNewswire/ -- Next-generation TV operators can cost-effectively take their customers to new levels of personalized consumer experience satisfaction as a result of collaboration between Ericsson (NASDAQ: ERIC) Media Solutions and Amlogic to make Ericsson's MediaFirst middleware available via Amlogic's chipsets.
Supported by its high performance central processing unit (CPU) and graphics processing unit (GPU), the integration of Amlogic's S905X chipset solution enables consumers to speedily access content, including High Dynamic Range (HDR) content, across MediaFirst set-top-boxes. Operators can also provide increased choice of content, as well as boosting engagement and personalization experiences for customers.
Ericsson Media Solutions is a leading provider of personalized and converged multiscreen TV solutions for pay TV operators. Amlogic is a leading provider of System-On-Chip (SOC) for video streaming and smart home devices. Amlogic's S905X chipset is operational in OTT and IP scenarios with major operators worldwide, offering high-end features at an optimized price. The integration with the MediaFirst middleware provides more choice and flexibility to operators.
The solution will be demonstrated by Ericsson Media Solutions at NAB Show 2018 in Las Vegas, Nevada, from April 7-12. It offers advanced media processing that enables operators to deliver high quality user experiences by utilizing complex HDR schemes alongside its high-performance CPU and GPU. Advanced security technologies ensure that high value content is securely managed to meet the needs of content owners worldwide. The solution is already commercially available through most MediaFirst set-top-box manufacturers.
Ericsson Media Solutions' MediaFirst TV Platform is an end-to-end media platform for the creation, management, and delivery of next-generation Pay TV. Built using leading-edge cloud-based architecture, it enables operators and content providers to deliver seamless, personalized and intuitive TV experiences to consumers anytime, anywhere and on any device.
James Xie, VP, Corporate Business Strategy, Amlogic, says: "The S905X chipset is ideally designed to meet operators' requirements and to enable a high-quality user experience with MediaFirst. MediaFirst takes full advantage of our SOC capabilities to deliver a seamless TV experience to operators at price points not possible using current solutions."
Marc Stauffacher, Head of Solution Area TV Platforms, Ericsson Media Solutions says: "Amlogic chipsets deliver an excellent user experience across all MediaFirst use cases, including Pay TV in-home and OTT services. By pre-integrating the MediaFirst TV Platform client with Amlogic we are adding more choice and value to Ericsson Media Solutions' holistic MediaFirst ecosystem, enabling our global partner operators to rapidly go to market."
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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 111,000 experts who provide customers in 180 countries with innovative solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2016 were SEK 222.6 billion (USD 24.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.
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MUNICH, March 22, 2018 /PRNewswire/ --
Owing to Wirecard's cooperation with Travel Easy, Chinese consumers benefit from direct value added tax refund at MCM boutiques - in addition to fully digital payments
Wirecard, one of the leading specialists in digital financial technology, has won a further customer for Alipay together with its solution partner Travel Easy. Together with Travel Easy, one of the leading experts for travel services connecting Europe and China, Wirecard will be offering European merchants an integrated payment and marketing approach for Alipay, the preferred payment solution in China. As a result of the partnership with Travel Easy, merchants will be able to expand their range of value-added services by integrating automatic 100% VAT refunds for Chinese customers at the point of sale.
The latest addition among the cooperation partners is MCM, the renowned brand for luxury travel goods and accessories. Wirecard will integrate China's leading mobile payment solution via the new digital platform Wirecard ePOS App into their existing payment infrastructure. The mobile app gives stationary merchants access to a wide selection of popular international payment methods as well as value-added services.
Due to the strategic partnership between Wirecard and Travel Easy, MCM will be able to offer Chinese customers more payment convenience as well as value added tax refunds in real-time. As an internationally recognized brand, with 500 stores in 39 countries, MCM accessories and travel items are popular products. Shopping of luxury goods is particularly popular with Chinese tourists and is an integral part of their holiday activities.
Giving Chinese tourists the opportunity to take advantage of their favorite and trusted payment method is an enhanced sales opportunity for retailers: With 520 million active users and more than 175 million transactions per day, Alipay is the world's largest mobile payment network. On account of a variety of technical solutions for the acceptance of Alipay provided by Wirecard, companies outside Asia can also benefit from this development. The experience of other Wirecard customers has proven that offering Alipay as a new payment method has led to a significant sales increase in transaction volume with travelers from China.
Ralf Kern, General Manager at Travel Easy, says: "Our strategic objective is to provide European retailers with exclusive insights into Chinese target groups, simultaneously offering Chinese consumers innovative value-added services. As payment is one of the key factors used to target Chinese travelers, we are delighted to align with such a strong partner as Wirecard."
Stephan Ritzenhoff, Team Lead Partner Management at Wirecard, adds: "There is a considerable potential for European retailers since Chinese are world champions in travel. Only in 2017, around 12.4 million Chinese tourists visited Europe. We are looking forward to supporting a brand like MCM to take a step forward in equipping their stores with an advanced, convenient payment method. In the future we are also planning to extend our collaboration with Travel Easy to further fields."
Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on twitter @wirecard.
About Travel Easy:
Travel Easy is one of the most innovative partner for travel services connecting Europe to China. We are building a network that adds value and potential for all members, enabling travel agencies, shops and tourists to benefit from a clear win-win synergy. In our headquarter in the heart of Europe's financial centre experts work around the clock on technological innovations and marketing strategies for "here & now" as well for the future. Smart solutions for small shops as well as for shopping malls, even better and faster options for Duty Free-Returns, more efficient processes and transactions. We build bridges between companies and people, between cultures and systems, between visions and reality. We are in the business of connecting, streamlining and improving.
Wirecard media contact:
World's largest international cable and internet provider leverages bots and AI for customer engagement, initially across six markets, with future expansion to all 29 million customers
LONDON, March 22, 2018 /PRNewswire/ -- LivePerson, Inc., (Nasdaq: LPSN) the leading provider of cloud mobile and online business messaging solutions, has announced a worldwide partnership with Liberty Global, the world's largest international cable and internet provider, to transform how customers connect to the brand in a new conversational era. This partnership, which initially launches in five countries, will offer conversational two-way messaging to all 29 million Liberty Global customers. It represents another major milestone in the industry's rapid shift to messaging, and away from legacy voice calls and IVR systems.
Messaging, primarily on smartphones, is overwhelmingly the chosen method of communication among consumers. As the current and clear channel of choice, it sits at the heart of Liberty Global's "digital-first" care programme. Live across the UK, Ireland, Germany, Austria, Switzerland, and the Netherlands, with Virgin Media, Unitymedia, UPC, and VodafoneZiggo, the LivePerson platform enables customers calling care centres to convert to messaging, allowing them to solve queries whenever and wherever they choose.
"We understand that the lives of our customers are fluid and demanding," says Melanie Longdon, VP, Customer Experience Operations at Liberty Global, a company with over 30,000 employees and in the top 100 of the Forbes Most Innovative Companies list. "We simply don't have time to wait for answers to our questions ? that's why we are messaging each other more than ever in our personal lives. Knowing this, we are using LivePerson's market-leading technology to ensure Liberty Global goes fully digital, and align with consumers, empowering them to use our services on their own terms and at their own pace, for a best-in-class experience."
"Conversational business is the future, and we're thrilled to be working with Liberty Global to deploy it for them at scale," said LivePerson CEO and founder, Rob LoCascio. "Consumers have had enough of calling customer service centres only to be put on hold. It's not the way we live today. With the option to text and message businesses just as they would friends and family, customers can finally solve queries at their own convenience.
"Companies implementing messaging have doubled agent productivity versus voice-based interactions, saved on labour costs, and significantly increased customer satisfaction scores - we're looking forward to seeing these benefits take effect within Liberty Global too."
LivePerson makes life easier by transforming how people communicate with brands. LiveEngage, the Company's enterprise-class platform, empowers consumers to stop wasting time on hold with 1-800 numbers, and instead message their favorite brands, just as they do with friends and family. More than 18,000 businesses, including Adobe, Citibank, HSBC, EE, IBM, L'Oreal, Orange, PNC and The Home Depot rely on the unparalleled intelligence, security and scalability of LiveEngage to reduce costs, increase lifetime value and create meaningful connection with consumers.
For more information about LivePerson (NASDAQ: LPSN), please visit www.liveperson.com.
MAIDENHEAD, England, March 22, 2018 /PRNewswire/ --
Industry Leaders Combine AI Innovations in First Solution Capable of Translating Audio and Visual Content
SDL (LSE:SDL), a leader in global content management, translation and digital experience, and Nuance Communications today announced a strategic partnership to jointly develop Artificial Intelligence (AI)-powered solutions that enable customers to convert, translate and gain insight from large volumes of voice and video content.
As Artificial Intelligence (AI) continues to disrupt our generation, SDL is ahead in this field of building AI applications through its innovations and patents in Natural Language Processing (NLP) for Machine Translation (MT). The partnership with Nuance, a pioneer and leader in Conversational Artificial Intelligence, launches with a co-developed solution based on SDL Enterprise Translation Server (ETS) and Nuance Automated Speech Recognition (ASR).
Combining SDL's patented AI technology - which analyses and translates large volumes of content - and Nuance's Conversational AI, the solution helps organizations quickly convert audio and video content into text for SDL ETS to securely translate with its state-of-the-art Neural Machine Translation (NMT) capabilities.
The solution also enables organizations to extract institutional knowledge from audio-based data for multiple purposes and applications, including eDiscovery, eLearning, Corporate Governance and security surveillance, while also helping to manage the growing use of video in enterprise training, marketing and communications.
"Governments and enterprises are overwhelmed with foreign language content, and gaining intelligence can be much like finding a needle in a haystack," said Thomas Labarthe, Chief Revenue Officer, SDL. "Our partnership with Nuance marks an exciting milestone as together we will develop tools like these to help brands gain insight - at a scale that's never been possible before."
"Nuance leverages deep neural networks and machine learning algorithms to ensure optimal transcription accuracy," said Robert Weideman, Executive Vice President and General Manager, Enterprise Division, Nuance. "Together with SDL we are enabling enterprises to speak and understand multiple languages through the power of AI."
Designed for governments and enterprises that need to rapidly translate large volumes of foreign language content, the integration will also help organizations comply with industry regulations - including the upcoming European General Data Protection Regulation (GDPR).
SDL and Nuance will host a webinar on March 29th, 2018, where experts will discuss how machine translation optimizes eDiscovery and the Corporate Governance processes to reduce time and improve the accuracy of search and analysis across multilingual content. To join the webinar, please register at http://bit.ly/2FIrp7j.
SDL (LSE: SDL) is the global innovator in language translation technology, services and content management. For over 25 years we've helped companies deliver transformative business results by enabling powerful, nuanced digital experiences with customers around the world. Are you in the know? Find out why 79 out of the top 100 global brands work with us at SDL.com and follow us on LinkedIn, Twitter and Facebook.
About Nuance Communications, Inc.
Nuance Communications is the pioneer and leader in conversational and cognitive AI innovations that bring intelligence to everyday work and life. The company delivers solutions that can understand, analyze and respond to human language to increase productivity and amplify human intelligence. With decades of domain and artificial intelligence expertise, Nuance works with thousands of organizations - in global industries that include healthcare, telecommunications, automotive, financial services, and retail - to create stronger relationships and better experiences for their customers and workforce. For more information, please visit http://www.nuance.com .
Trademark reference: Nuance and the Nuance logo are registered trademarks or trademarks of Nuance Communications, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners.