Tag: MENA

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VoltDB Reveals Key Features to Optimize 5G, Cloud, and Edge

Leading Enterprise-Grade Data Platform Announces New Enterprise Capabilities

BARCELONA, Spain, June 28, 2021 /PRNewswire/ — VoltDB, the leading enterprise-grade data platform built to enable fast-data decisioning, today announced the release of V10.2 of its data platform at Mobile World Congress. The latest version of the VoltDB Data Platform adds important improvements that allow enterprises to take full advantage of 5G, cloud, and edge technologies, including enhanced integrations for Kafka and Kubernetes, improved cross datacenter replication, and an opportunity to bypass Kafka completely.

“Now with our complete cloud-native features, an enterprise or an operator can take advantage of VoltDB in environments such as AWS Outposts, Wavelength, and of course, the cloud,” said VoltDB CEO & President, David Flower. “This gives them a huge advantage when it comes to deploying latency-dependent applications that need both speed and data accuracy.”

The VoltDB Data Platform empowers companies to fully leverage new technologies and paradigms such as 5G and edge computing to get the most out of their latency-dependent applications. VoltDB’s core capability is powerful, real-time contextual decisioning via a simplified stack layer that manages data ingestion to action in under 10 milliseconds.

The latest version of the VoltDB Data Platform offers a number of improvements, including:

  • Topics, which provides the ability to publish event data directly to VoltDB without an intermediate messaging layer like Kafka.
  • Kafka API compatibility, which allows developers to use either VoltDB native APIs or Kafka APIs to process real-time events.
  • An improved Kubernetes Operator, which includes multiple enhancements and improvements based on various mission-critical deployments at tier 1 communication service providers (CSPs).
  • Multiple performance enhancements to the platform’s active-active-active cross datacenter replication based on feedback on the first generation of deployments.

These new capabilities enable current and future customers to take full advantage of their edge, cloud, and 5G investments today and in the future. MWC21 visitors, whether physical or virtual, can learn more by visiting VoltDB at stand #2060 in Cloud City (Hall 2) and by interacting with our onsite robots.

For more information on why organizations across all industries are choosing VoltDB to power their operations, visit https://www.voltdb.com/.

About VoltDB

VoltDB empowers enterprise-grade applications to ingest, process, and act on data in single-digit milliseconds to tap into new revenue streams and prevent revenue loss. With industry-leading customers in telecommunications, finance, gaming, and many other verticals, The VoltDB Data Platform is uniquely positioned to be the go-to technology for any company seeking to take full advantage of 5G, IoT, and whatever comes next.

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Synchronoss Technologies, Inc. Announces Pricing of $125 Million Public Offering of Senior Notes

BRIDGEWATER, N.J., June 25, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of $125 million aggregate principal amount of 8.375% senior notes due 2026, including the exercise in full by the underwriters of the underwriters’ option to purchase an additional $5 million aggregate principal amount of senior notes. The offering is expected to close on or about June 30, 2021, subject to satisfaction of customary closing conditions.

Synchronoss and the senior notes both received a rating of BB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. The Company has applied to list the senior notes on the Nasdaq Global Select Market under the symbol “SNCRL” and expects the notes to begin trading within 30 business days of the closing date of the offering, if approved.

All of the senior notes in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of common stock and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility.

B. Riley Securities, Inc. (“BRS”) is acting as the sole book-running manager for the offering. Northland Capital Markets, Aegis Capital Corp. and EF Hutton, division of Benchmark Investments, LLC are acting as lead managers for the offering.

Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $100 million of shares of its common stock. In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The senior notes described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the closing of the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
diane@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

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TRACE Foundation Announces Recipients of the 2021 TRACE Prize for Investigative Reporting

ANNAPOLIS, Md., June 25, 2021 /PRNewswire/ — The TRACE Foundation, a non-profit organization established to support projects that encourage greater commercial transparency, today announced the winners of the 2021 TRACE Prize for Investigative Reporting. The annual award recognizes journalism that uncovers business bribery or related financial crime.

Zorayda Gallegos Valle, a freelance journalist writing for El País in Mexico, won the TRACE Prize for her investigation that uncovered the Mexican Army’s scheme to divert at least $156 million of public resources through hundreds of shell companies contracted to complete infrastructure projects.

“I am grateful to the TRACE Foundation for supporting investigative journalism because it plays an important role in the transparency and accountability of governments worldwide,” Valle said. “Investigative journalism has become more relevant in Mexico and all over the world. It helps to disclose unlawful activities that authorities want to keep secret, and oversee their actions.”

The second recipient of this year’s TRACE Prize is the FinCEN Files reporting team, which included BuzzFeed News, the International Consortium of Investigative Journalists (ICIJ) and more than 100 media partners. The team undertook a 16-month long investigation, reviewing thousands of financial intelligence documents. They uncovered a flawed oversight process that allowed global banks to profit from suspect transactions. Their reporting has resulted in new reforms and investigations in multiple countries.

“The FinCEN Files investigation exposed how some of the world’s biggest banks play an integral role in the global flow of dirty money,” ICIJ Director Gerard Ryle said. “Our findings have helped push forward important anti-money laundering reforms in some of the globe’s key financial centers, and this recognition from TRACE will help keep the issue in the spotlight.”

ICIJ also earned an honorable mention, along with the rest of the Luanda Leaks team, which includes FRONTLINE, the New York Times and 34 other media partners, for their work exposing the kleptocracy of Isabel dos Santos, daughter of Angola’s former president. They revealed how Western professionals play a vital, little-examined role in the blighting of the lives of countless Angolans.

Ferdinand Ayite of L’Alternative magazine in Togo earned an honorable mention for his Pétrolegate investigation, which found serious financial malpractice among Togolese government officials in charge of importing and pricing petroleum products.

“Even in the face of 2020’s chaotic circumstances, investigative journalists persisted,” TRACE President Alexandra Wrage said. “We commend the important work they do: their bravery, resolve and ingenuity. The TRACE Foundation extends its gratitude to our judges and admiration for our 2021 Prize for Investigative Reporting recipients and their important work.”

The judging panel for the 2021 TRACE Prize for Investigative Reporting included William Gumede, Diana B. Henriques, Rosebell Kagumire, Peter Klein, Donatella Lorch and Jorge Luis Sierra.

The TRACE Foundation will begin accepting submissions for the 2022 TRACE Prize for Investigative Reporting in the fall of 2021. For more details, visit traceinternational.org/investigative-reporting.

About the TRACE Foundation

The TRACE Foundation was established to promote, support and fund research, investigative journalism, publications, videos and related projects that encourage greater commercial transparency and advance anti-bribery education. For more information, visit traceinternational.org/tracefoundation.

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Synchronoss Technologies, Inc. Announces Pricing of $100 Million Public Offering of Common Stock

BRIDGEWATER, N.J., June 25, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of 38,461,538 shares of its common stock at a public offering price of $2.60 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by Synchronoss, are expected to be $100 million. In addition, Synchronoss has granted the underwriters a 30-day option to purchase up to 3,846,154 additional shares of common stock at the public offering price, less the underwriting discounts and commissions.

All of the shares in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. The offering is expected to close on or about June 29, 2021, subject to satisfaction of customary closing conditions.

B. Riley Securities, Inc. (“BRS”) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.

Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $120 million aggregate principal amount of senior notes due 2026 (the “Senior Notes”). In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.

The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.

This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Synchronoss

Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market.

Safe Harbor Statement

This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the closing of the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Media

Diane Rose
CCgroup
synchronoss@ccgrouppr.com

Investors

Todd Kehrli/Joo-Hun Kim
MKR Investor Relations, Inc.
investor@synchronoss.com

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Expert optimistic about China’s chipmaking industry

BEIJING, June 25, 2021 /PRNewswire/ — A news report by China.org.cn on Expert optimistic about China’s chipmaking industry.

The development of China’s domestic chipmaking industry is looking promising as advanced 28 and 14 nanometer (nm) processes are expected to enter mass production by the end of this year and next year respectively, an expert predicted.

Wen Xiaojun, head of the Electronic Information Institute at the China Center for Information Industry Development (CCID), told China’s news portal huanqiu.com, that he was seeing more encouraging signs in China’s chipmaking industry despite technological challenges.

orld Semiconductor Conference & Nanjing International Semiconductor Expo, opens in Nanjing, capital city of east China's Jiangsu province, on June 9. [Photo/VCG]

The country’s 14 nm process has navigated many technology difficulties with significant improvements to manufacturing techniques, packaging technologies and key equipment materials, signaling that the technology for this particular node is going to mature and enter mass production by next year, Wen explained.

“This means that China’s complete reliance on overseas supply chains is coming to an end,” he argued.

According to statistics, the global semiconductor market made around $200 billion in sales in the first half of 2019. The 14 nm chipmaking process accounted for 65% of those sales as it is widely used in fields like high-end consumer electronics, high-speed computing, artificial intelligence and automobiles.

The production lines for 14 nm and 12 nm chipmaking are believed to be critical in the semiconductor industry, as the 14 nm process and above can meet almost 70% of the industry demand for chips, and the 12 nm node can meet the requirements for most mid-end 5G chips.

With cautious optimism, Wen noted that although China’s chipmaking industry is delivering impressive results regarding the 14 nm node, domestic industry stakeholders still need to play catch-up with other global giants in order to bridge the technology gap, which, in his words, “calls for devoting more time, investment, and human resources.”

In an interview earlier in May with weiot.net, a media outlet focused on the Internet-of-Things (IoT) industry, Ni Guangnan, an academician of the Chinese Academy of Engineering, also stressed the importance of staying at the forefront of the advanced chipmaking industry to catch up with other leading countries.

Ni said new technology breakthroughs in the 28 nm and more advanced 14 nm nodes will raise morale in China’s semiconductor industry, and facilitate growth in cutting-edge sectors like new energy vehicles and artificial intelligence.

The World Semiconductor Conference kicked off in Nanjing, capital city of east China’s Jiangsu province, on June 9 this year, showcasing the innovative technology and applications in the semiconductor industry from home and abroad.

Industry leaders such as Taiwan Semiconductor Manufacturing Company (TSMC), Semiconductor Manufacturing International Corporation (SMIC), Synopsys Inc and Montage Technology participated in the conference together with over 300 exhibitors.

According to a report by China Daily, statistics show that the global sales volume of semiconductor products reached $123.1 billion in the first quarter, up 17.8% year-on-year.

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