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KS&C and Nexxiot Transform South Korea into a Hub for Intelligent Logistic Assets

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SEOUL, South Korea and ZURICH, May 28, 2024 /PRNewswire/ — Nexxiot, a leading provider of Asset Intelligence solutions, has entered into a strategic partnership with KS&C, a key player in shipping, freight forwarding, container trading and port equipment sales in the Korean market.

Nexxiot and KS&C have entered into a strategic partnership to transform South Korea into a hub for intelligent logistics

This collaboration aims to enhance the freight transportation sector in Korea by accelerating the digitalization of shipping containers, ports, and vessels, thereby increasing operational efficiency and significantly improving the experiences of beneficial cargo owners.

South Korea is recognized as one of the essential shipping and logistics markets across multiple transportation categories. KS&C is already a prominent and active player within the freight transportation market and now extends into logistic technology. Through this partnership with Nexxiot, KS&C aims to further deliver innovation and set new benchmarks in logistical operations.

Nexxiot will provide state-of-the-art IoT hardware and data cockpits for decision-makers in the industry. This collaboration empowers KS&C to offer its clients advanced technology that leverages real-time data for asset location and status monitoring, optimizing routes and improving cargo safety and security.

Kyoung Yun Lee, CEO of KS&C, said, “Partnering with Nexxiot allows us to expand our technology portfolio and offer unparalleled Asset Intelligence and data services to our clients. We are committed to delivering leading industry innovation to the Korean market.”

Stefan Kalmund, CEO of Nexxiot, said: “South Korea’s geographic characteristics establish it as a pivotal hub for international trade. Having personally spent many years in Korea, I recognize its importance as a key market for our expansion into Asia. Our collaboration with KS&C marks a significant step towards enhancing safe and secure cargo transportation in East Asia, and we are thrilled about the transformative impact this partnership will bring.”

About KS&C:

KS&C is a Korean company with a tradition of approximately 20 years, composed of members with extensive experience in marine-related industries such as container manufacturing, maritime transportation, and logistics.

Based on this diverse experience, we are engaged in businesses such as Shipping Agency, Freight Forwarding, Container trading, and Port Equipment Sales. Each of these business areas acts as a factor that maximizes synergy within the shipping industry. We are also committed to actively responding to create new values for the development of the shipping industry, aiming to lead the trends in the rapidly changing shipping market.

KS&C considers investing in the infinite possibilities of the shipping industry as its highest value and always strives to become a globally recognized shipping powerhouse beyond the domestic market.

About Nexxiot:

Nexxiot is digitalizing freight asset management with technology that now oversees the world’s most extensive network of connected intermodal containers and railcars.

Clients gain access to unparalleled real-time data, which streamlines fleet management and automates logistics processes. Nexxiot devices, built for resilience, withstand extreme conditions and provide long-term, detailed insights into cargo events, including impacts, delays, safety and security incidents, and loading activities.

Based in Zurich, Switzerland, Nexxiot’s influence extends globally. Our team, comprised of industry experts, operates from offices in Europe and North America and maintains a presence in a majority of depots, ports, and rail yards.

To learn more about how Nexxiot is leading the value generation for the rail industry, please visit www.nexxiot.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ksc-and-nexxiot-transform-south-korea-into-a-hub-for-intelligent-logistic-assets-302156926.html

SOURCE Nexxiot

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SAFE Brings Unprecedented Speed and Transparency to Risk Management for Cyber Insurance; 4 Wins at Cyber Insurance Awards Validate Role in Transforming Insurance Underwriting

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PALO ALTO, Calif., April 10, 2025 /PRNewswire/ — The SAFE platform is rapidly gaining acceptance by the insurance industry as the new standard for efficient and transparent cyber risk management for underwriting, enabling insurance brokers and carriers to optimize risk selection and underwriting efficiency while introducing unique policy incentives and premium discounts directly correlated to an organization’s cyber risk posture in SAFE.

SAFE recently swept the Cyber Insurance Awards USA 2025 with four wins: Cyber InsurTech of the Year, Cyber Underwriting Technology of the Year, and Cyber Insurance Technology Provider of the Year, with SAFE’s Insurance Leader, Steven Schwartz Highly Commended as a “Rising Star in Cyber Insurance.”

“SAFE stood out from their peers in 2024 in innovation and thought leadership,” the Cyber Insurance Awards judges commented. “They have continued to push the bounds in risk quantification and cyber and underwriting through their partnerships with brokers and carriers to the benefit of clients and the market.”

Key Points about SAFE’s Solution for the Insurance Industry

–Transforms cyber insurance underwriting with AI-powered, continuous cyber risk management via its innovative SAFE One platform.

–Revolutionizes cyber insurance by providing objective, real-time “inside-out” risk assessments, replacing outdated processes like questionnaires and exterior scans.

–Enables significant time and cost savings for insurers and insurance buyers, reducing weeks-long processes to minutes and enabling buyers to save up to 30% on premiums.

–Built on global standards like FAIR and MITRE, SAFE’s platform applies transparent, defensible methodologies trusted by over 50% of the Fortune 1000.

SAFE Is the Leader in AI-powered, Continuous Cyber Risk Management

Our SAFE One platform enables CISOs and cyber risk leaders to proactively and continuously quantify, prioritize, and manage cyber risks across the entire enterprise attack surface, including third parties.

The platform also enables insurance brokers and carriers to quantitatively assess and underwrite cyber insurance more efficiently and effectively, leveraging SAFE’s AI-automation and transparency that underpins each risk analysis.

How SAFE Transforms Cyber Insurance Underwriting 

The standard underwriting process for cyber insurance today is broken, depending on two indirect and outmoded methods.

–”Outside-in” scans that paint a partial picture of the enterprise’s cybersecurity controls and will always be subject to false positives

–Lengthy, subjective questionnaires that consume 4-8+ weeks of time across multiple security, operations, and financial stakeholders.

SAFE empowers a streamlined cyber risk and insurance assessment, leveraging read-only API integrations to more than 100 cloud, SaaS, and cybersecurity solutions.

In a matter of minutes, an organization can obtain an objective, real-time understanding of its cyber risk posture and any specific vulnerabilities and misconfigurations with prioritized recommendations on remediation.

SAFE’s transparency and underwriting efficiency enables our underwriter and broker partners to reduce hours into minutes while obtaining more meaningful, objective risk insights that empower SAFE’s carrier partners to offer significant policy incentives.

Cyber Insurance Buyers Achieve Discounts of Up to 30%

SAFE platform users qualify for discounts with leading insurance brokers and carriers that partner with SAFE, such as Chubb, Mosaic Insurance, Zurich Insurance, and more.

“With SAFE and their partnership with Mosaic, we were able to obtain increased limits with a premium savings of more than 20% while saving about 100 hours compared to the traditional renewal process on our technology E&O cyber insurance policy,” said Jay Modh, Founder and CEO, Intuitive Cloud. “In a matter of minutes we were able to obtain preferential terms with continuous visibility into our prioritized recommendations and findings from SAFE.”

Learn how SAFE can transform your cyber risk management – and earn you major savings on cyber insurance premiums – contact us.

About Safe

SAFE is the leader in AI-powered, continuous cyber risk management. SAFE empowers CISOs and Cyber Risk Leaders to become indispensable partners to the business, by enabling real-time quantification, prioritization, and mitigation of cyber risks, to support digital growth initiatives and ensure organizational resilience in the face of evolving threats. Visit https://safe.security/.

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SOURCE SAFE

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Telpay Now Listed in the Intuit QuickBooks App Store

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WINNIPEG, MB, April 10, 2025 /CNW/ – Telpay, a member of the Intuit Developer platform, is excited to announce that its payment solution is now available in the Intuit QuickBooks App Store. This new listing makes it easier than ever for businesses using QuickBooks Online (QBO) to sync Telpay to their workflows and streamline their payments.

Building on Telpay’s long-standing integration with QuickBooks products, the App Store listing offers QBO customers with a faster, more accessible way to discover and connect with Telpay. Businesses can now enjoy a seamless integration that simplifies payments, enhances control, and improves financial management.

Benefits for Businesses
Businesses that use the combined power of Telpay and QuickBooks can experience several benefits that help them save time, be more efficient, and improve their cashlfow.

Streamlined Payments and Approvals – Pay bills, employees and government remittances while managing receivables—all in one secure platform. With multiple approvers for payment authorization, businesses can enjoy faster processing and greater control.

Seamless Synchronization – Automatically sync payables, receivables, vendors and payroll. Payments are instantly reflected in QBO, reconciling accounts in real-time and saving hours of manual updates.

Improved Cash Flow Management – Schedule and control payments to optimize finances.

“We’re thrilled to bring Telpay to the QuickBooks App Store, making it easier for QBO customers to discover and connect with our powerful payment solution,” said Paul Vieira, VP & Chief Experience Officer at Telpay. “Telpay’s integration eliminates time-consuming manual tasks and provides a secure, automated workflow that businesses can trust.”

How to Get Started

QuickBooks Online customers can explore Telpay’s listing in the QuickBooks App Store by visiting our webpage.

For more information, visit https://www.telpay.ca/quickbooks/

About Telpay

Telpay is an all-in-one payment solution that simplifies how businesses manage their payables, receivables, and payroll. With robust automation, secure workflows, and seamless integration with QuickBooks Online, Telpay empowers businesses to save time, reduce costs, and focus on growth.

Intuit and QuickBooks are registered trademarks of Intuit Inc. Used with permission.

SOURCE TelPay Incorporated

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Worldwide Telecom Capex to Decline at a 2 percent CAGR, According to Dell’Oro Group

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Capital Intensity to Reach 14 percent by 2027

REDWOOD CITY, Calif., April 10, 2025 /PRNewswire/ — According to a recently published report from Dell’Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, telecom operators scaled back wireless and wireline investments in 2024. The high-level relationship between carrier revenues, capex, and telecom equipment was mostly stable, as both telecom capex and telecom equipment revenues tanked in 2024. Preliminary findings show that worldwide telecom capex, the sum of wireless and wireline/other telecom carrier investments, declined 8 percent in 2024 (telecom equipment manufacturing revenues for the six programs tracked at the Dell’Oro Group declined 11 percent over the same period).

“With some of the larger fiber and 5G builds now in the past, the different risk profiles across the carrier spectrum become more pronounced,” said Stefan Pongratz, Vice President of RAN and Telecom Capex research at Dell’Oro Group. “While some operators prefer a more growth-oriented approach and consider elevated capital intensity levels as essential to gain a competitive edge and be better prepared for the next technology transition, the majority of the operators believe the pie is mostly fixed and focusing on efficiency improvements is considered less risky to this group,” continued Pongratz.

Additional highlights from the April 2025 Telecom Capex report:

Investment conditions are expected to stabilize in 2025, though it will still be a challenging year from a capex and telecom equipment revenue perspective.The near-term investment outlook is less favorable – carrier capex is expected to decline at a 2 percent CAGR over the next 3 years.With carrier revenues on track to advance slightly (+1 percent CAGR), capex/revenue is projected to approach 14 percent in 2027, down from 16 percent in 2024.Wireless capital intensity is projected to approach 12 to 13 percent in 2027, down five to six percentage points since the 5G peak.

About the Report

The Dell’Oro Group Telecom Capex Report provides in-depth coverage of more than 50 telecom operators highlighting carrier revenue, capital expenditure, and capital intensity trends.  The report provides actual and 3-year forecast details by carrier, by region by country (United States, Canada, China, India, Japan, and South Korea), and by technology (wireless/wireline). To purchase this report, please contact by email at dgsales@delloro.com.

About Dell’Oro Group

Dell’Oro Group is a market research firm that specializes in strategic competitive analysis in the telecommunications, security, enterprise networks, security, and data center infrastructure markets.  Our firm provides in-depth quantitative data and qualitative analysis to facilitate critical, fact-based business decisions.  For more information, please contact Dell’Oro Group at +1.650.622.9400 or visit www.delloro.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/worldwide-telecom-capex-to-decline-at-a-2-percent-cagr-according-to-delloro-group-302425142.html

SOURCE Dell’Oro Group

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