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UST Acquires Leading Australian Process Transformation Company, Leonardo

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Strategic acquisition further strengthens UST’s position in the dynamic ANZ market

MELBOURNE, Australia and BENGALURU, India, Feb. 21, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has announced the strategic acquisition of Leonardo, a leading provider of business process improvement, automation, and integration services, in the Australia and New Zealand (ANZ) region. The acquisition by UST will empower Leonardo to expand its market reach and enhance its service offerings for clients, combining Leonardo’s in-depth process expertise with UST’s technology leadership, digital transformation capabilities, and global credentials, and strengthening UST’s position in the Australian market.

UST has been supporting clients across industries in the Australian market for the last 8 years, providing digital transformation solutions focused on customer experience and operating model design, product engineering, organizational efficiencies through process transformation, Gen AI and data services, SaaS, cloud, intelligent automation, and cyber security solutions. Leonardo strengthens UST’s organizational efficiency offering, by bringing in its expertise, client references, and local partnerships.

Headquartered in Melbourne, Leonardo’s 70+ team, with an established presence across key Australian cities, will join UST to strengthen their combined capability of delivering comprehensive digital solutions, at scale, throughout the ANZ region. This acquisition amplifies Leonardo’s existing expertise in business process improvement, automation, and integration and bolsters UST’s strategic alliances with key regional technology partners, further enriching their service offerings to clients across diverse industries.

Leonardo, a trusted partner of Red Hat, Software AG, Automation Anywhere, Workato, and UiPath, excels at driving comprehensive intelligent process improvements using cutting-edge technology. Leonardo has flourished over the past two decades since its inception in a humble Brisbane home in 1999, extending its presence across Melbourne, Sydney, and Perth.

“We are thrilled to join forces with UST, a significant milestone for Leonardo. Our partnership with UST opens a realm of new possibilities. We are excited about the expanded digital services we can offer our clients. This collaboration signifies our commitment to growing alongside our customers, providing them with unparalleled digital solutions, and harnessing the power of AI to unlock new levels of productivity and insight into their business,” said Stephen Chetcuti, Chief Executive Officer, Leonardo.

“We are delighted to announce the integration of Leonardo into UST’s Australian team. For over 25 years, Leonardo has been a reliable partner to its clients in the ANZ community, especially in the process transformation area. Their deep-rooted understanding and experience in these areas is invaluable. For UST, improving organisational efficiencies and thereby uplifting productivity for our clients is a key pillar within our transformation agenda. I am excited that Leonardo will lead this offering and enable us to support our clients in their growth agenda. Leonardo will strengthen our global intelligent automation consulting capabilities further and help grow the UST SmartOps platform business in the ANZ region. The acquisition is an important step in our efforts to continue growth in the Australian market, as we work to meet rapidly emerging demand and build upon UST’s position as a market leader,” said Kumaran CR, Managing Director of Australia, UST.

The union of UST’s comprehensive digital capabilities with Leonardo’s specialised process expertise is expected to create a powerful synergy, driving innovation, and offering improved services to clients across ANZ.

About Leonardo

Leonardo is a process transformation company, driving intelligent end-to-end process improvement through technology. We help our clients rebuild their processes for the digital age by combining process-centric strategic thinking with the rigour and precision of enabling technologies that support their transformation. Over the past two decades, Leonardo has helped their clients both in local and international, take manual, outdated, broken processes and reimagine them for the digital age — ensuring that the business strategies are embedded, automated and integrated into the systems and platforms that drive better experiences with customers and stakeholders. To learn more, visit: https://www.leonardo.com.au/.

Daniel Weatherhead
+61 424 160 635
d.weatherhead@leonardo.com.au

About UST

For more than 24 years, UST has worked side by side with the world’s best companies to make a real impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Through our nimble approach, we identify their core challenges, and craft disruptive solutions that bring their vision to life. With deep domain expertise and a future-proof philosophy, we embed innovation and agility into our clients’ organizations — delivering measurable value and lasting change across industries, and around the world. Together, with over 30,000 employees in 30+ countries, we build for boundless impact — touching billions of lives in the process. Visit us at www.UST.com.

Media Contacts, UST:

Tinu Cherian Abraham
+1 (949) 415-9857

Merrick Laravea
+1 (949) 416-6212

Neha Misri
+91-9284726602

Roshni Das K
+91 7736795557
media.relations@ust.com

Media Contacts, U.S.:

S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com 

Media Contacts, U.K.:

FTI Consulting
UST@fticonsulting.com

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg

 

View original content:https://www.prnewswire.com/in/news-releases/ust-acquires-leading-australian-process-transformation-company-leonardo-302065840.html

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Xthings Empowers Subsidiary U-tec with Strategic Upgrade and Brand Revamp, Ushering in a New Era of Smart IoT

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UNION CITY, Calif., Nov. 15, 2024 /PRNewswire/ — Xthings, a global leader in IoT solutions, has announced a comprehensive brand revamp and strategic upgrades for its subsidiary U-tec. This initiative aims to solidify its leadership in the smart IoT market by enhancing brand positioning, product competitiveness, and promoting innovations in smart electronic technologies.

Strategic Upgrade 

As U-tec’s parent company, Xthings will provide extensive support to elevate U-tec’s product and service offerings. This strategy encompasses:

Data-Driven Product Optimization: Utilizing Xthings’ advanced data analytics capabilities, U-tec will gain deeper insights into consumer needs, driving superior product performance and functionality.New Product Launches: U-tec will introduce an expanded range of smart devices, including locks, doorbells, cameras, control systems, and personal electronic products, all powered by the Xthings IoT platform.Enhanced Compatibility through Connectivity Standards Alliance (CSA) Collaboration: By adopting the Matter standard, Xthings ensures its products are seamlessly compatible with leading platforms such as U home, Apple Home, Google Home, Amazon Alexa, and SmartThings, thereby enhancing user experiences.

Brand Revamp 

Since its inception, U-tec has earned market recognition for its innovative smart home solutions, including smart locks, cameras, and lighting control systems. With Xthings’ support, the brand revamp will include:

Brand Image Refresh: A modernized logo and visual identity that reflect innovation and leadership in smart home and consumer electronics industry.Revised Brand Positioning: A renewed focus on providing smarter, safer, and more convenient home solutions while expanding its personal electronic consumer products.Enhanced Market Promotion: Through Xthings’ support, U-tec will bolster brand visibility and market penetration via multi-channel marketing initiatives.

Market Outlook 

This revamp and strategic upgrade underscore a deep synergy between technology and branding for Xthings and U-tec, reflecting the immense growth potential in the smart home market. Market projections indicate rapid expansion, with the global market size expected to reach $250 billion by 2028.

Matthew Brown, Xthings’ Chief Strategy Officer, remarked, “We are excited to support U-tec’s brand transformation and strategic evolution. This initiative showcases our technological expertise and shared vision, as we remain committed to delivering smarter, better user experiences.”

About U-tec Group Inc.

U-tec Group Inc. is a leader in smart home innovation, known for its superior product design and user experiences. Its portfolio includes smart lighting, security, and personal accessories, beloved by consumers worldwide.

About Xthings Inc. 

Xthings Inc. has driven advancements in IoT technology since its founding. With a track record of innovation in smart security, Xthings aims to improve quality of life, accelerate AIoT industry growth, and promote the intelligent transformation of society.

View original content:https://www.prnewswire.com/news-releases/xthings-empowers-subsidiary-u-tec-with-strategic-upgrade-and-brand-revamp-ushering-in-a-new-era-of-smart-iot-302306534.html

SOURCE Xthings

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Gaudio Lab Secures CES Innovation Award for Third Consecutive Year: “AI Audio Technology Capturing the World’s Attention”

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SEOUL, South Korea, Nov. 15, 2024 /PRNewswire/ — Gaudio Lab, a leader in AI audio technology, has won the CES 2025 Innovation Award with its comprehensive audio solution, “Gaudio Music Placement,” designed to address challenges in video content production and distribution. With this accolade, Gaudio Lab has marked its third consecutive year of CES Innovation Award wins, bringing its total to four awarded products over this period, further proving its position at the forefront of AI audio technology on the global stage.

Gaudio Music Placement: Revolutionizing Video Content Production

The award-winning “Gaudio Music Placement” offers a comprehensive solution that addresses various challenges in video content production and distribution. By simply uploading a video, the AI engine efficiently handles tasks such as background music selection and placement, music replacement, dubbing, subtitles, sound effects, noise reduction, and dialogue isolation – significantly reducing the time needed for these labor-intensive processes. Currently, an early version with select features, “Gaudio Music Replacement,” is commercially available, with the complete version set for release in the first half of next year.

A Solution to Copyright Challenges in Global Contents Distribution

Gaudio Music Replacement tackles the prevalent background music copyright issues that arise in video content distribution. Traditionally, resolving this required manual replacement of background music, but Gaudio’s AI quickly replaces original music with high-quality, copyright-free options that closely match the original, thus greatly accelerating the workflow. The solution leverages world-class audio separation technology to isolate and enhance dialogue, provides automated foreign language dubbing, and simplifies the application of various sound effects. Leading broadcasters in Korea have already adopted this solution, and discussions are underway with broadcasters in Japan.

Gaudio Lab’s CEO, Henney Oh, expressed his enthusiasm, stating, “We are thrilled to receive the CES Innovation Award for three consecutive years, affirming our AI audio technology as world-class. As global demand for cross-border content continues to grow, we will keep refining our products to enable fast and easy access to content distribution worldwide.”

Gaudio Lab at CES 2025

Gaudio Lab will showcase its award-winning and other AI audio products at CES 2025 in Las Vegas this January. During CES 2024, Microsoft CEO Satya Nadella visited Gaudio Lab’s booth, garnering significant attention. At CES 2025, Gaudio Lab will host a booth in the Global Pavilion, exhibiting a range of innovative AI audio solutions.

[About Gaudio Lab]

Gaudio Lab is a leading AI audio technology start-up that was founded in 2015 following the company’s spatial audio technology for headphones was adopted as the binaural renderer for the ISO/IEC MPEG-H Audio standard in 2014. Ever since its establishment, the company has worked to develop technologies to deliver superior audio experiences wherever there is sound, gaining the attention and support from top global strategic investors such as SBVA, Samsung Venture Investment and Naver Corp. Across and between reality and virtual reality, Gaudio Lab’s solutions will continue to provide optimized audio on a diverse range of platforms such as earbuds, smartphones, VOD, VR/AR, theaters, automotives and more. Gaudio Lab secured three consecutive CES Innovation Awards (2025/2024/2023, 4 products), finalist nominated for the SXSW Innovation Award 2024, adopted the ANSI/CTA international standard (2022), and obtained recognition through the adoption of the ISO/IEC MPEG-H international standard (2018, 2013). The company was also honored with the VR Awards for the Best VR Innovation Company in London (2017).

 

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SOURCE Gaudio Lab

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Intelligent.com Survey Finds 1 in 5 Managers Have Considered Quitting Due to Stress of Overseeing Gen Z Employees

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Managers report stress, increased workload, and challenges adapting to the expectations of younger workers

SEATTLE, Nov. 15, 2024 /PRNewswire-PRWeb/ — Intelligent.com, a platform dedicated to helping young professionals navigate the future of work, has released new findings on the challenges managers face overseeing Generation Z employees. In a survey conducted in October 2024, 1,000 U.S. managers shared their experiences, revealing high levels of stress and frustration with the newest workforce cohort.

“Managers may need to adjust their approach, acting more as coaches than traditional supervisors to better support and guide younger workers.”

Among key findings, 18% of managers report they have considered quitting due to the strain of managing Gen Z workers.

The survey highlights specific challenges in managing Gen Z employees, including excessive phone use, poor work ethic, and communication issues that impact team cohesion and productivity. Over half of the managers surveyed report increased workload and the need for additional resources to manage Gen Z employees, with many saying these workers require more guidance and attention than previous generations.

The survey found that 51% of managers experience frustration and 44% feel stress in managing Gen Z employees, with issues like workload increase (27%) and productivity declines (20%) among their top concerns. Additionally, 20% feel overwhelmed and 16% report burnout due to the demands of managing this group.

“Part of the frustration comes from a misalignment in expectations,” says Huy Nguyen, Intelligent.com’s chief education and career development advisor. “Gen Z employees often bring strong technical skills but may lack the soft skills that develop through hands-on experience, which many missed out on during the pandemic. Managers may need to adjust their approach, acting more as coaches than traditional supervisors to better support and guide younger workers.”

The majority of managers (65%) have adjusted their management style to better accommodate Gen Z employees. This includes providing more frequent feedback (44%), micromanaging (38%), and allowing more time for tasks (32%). Three-quarters of managers feel that Gen Z requires more time and resources to manage effectively compared to older generations, with 54% having experienced inappropriate communication from Gen Z employees.

Over half of managers (52%) report that Gen Z employees create tension with older generations, primarily due to differences in workplace attitudes, communication styles, and priorities. Additionally, 54% of managers say Gen Z work habits lower team productivity.

Given these challenges, 50% of managers have fired a Gen Z employee, and 27% would avoid hiring Gen Z if possible. Despite this, managers cite filling junior roles, cost-effectiveness, and concerns over ageism as reasons to continue hiring Gen Z.

This online poll was commissioned by Intelligent.com and conducted on Pollfish in October 2024. A total of 1,000 U.S. managers completed the survey. Demographic criteria and screening questions were used to ensure qualified respondents. To view the complete report, please visit: https://www.intelligent.com/1-in-5-managers-have-considered-quitting-due-to-stress-of-overseeing-gen-z-employees/

ABOUT INTELLIGENT.COM
Intelligent.com stands at the forefront of innovation, empowering young professionals to navigate the rapid technological advancements shaping our world and the future of work. The platform is dedicated to unlocking each individual’s unique potential, guiding them toward achieving their career ambitions, and maximizing their financial prospects. To learn more, please visit https://www.intelligent.com/.

Media Contact
Hannah Hayes, Intelligent.com, 0000000, hannah@intelligent.com

View original content:https://www.prweb.com/releases/intelligentcom-survey-finds-1-in-5-managers-have-considered-quitting-due-to-stress-of-overseeing-gen-z-employees-302306725.html

SOURCE Intelligent.com

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