Connect with us

Technology

Deutsche Telekom Selects LotusFlare for its Magenta API Capability Exposure (MACE) Platform

Published

on

LotusFlare DNO Cloud will power the MACE Service Enablement Platform (SEP) to support the monetization of APIs.

SANTA CLARA, Calif., July 1, 2024 /PRNewswire/ — LotusFlare, Inc. announced today that it has signed an agreement with Deutsche Telekom to provide the underpinning platform for the advancement of Deutsche Telekom’s API capability for its Group companies. Deutsche Telekom will employ LotusFlare DNO™ Cloud as the cloud-native commerce and monetization engine to enable the onboarding of developers, publication of API products, their purchase, metering, and billing.

 

The partnership will enable Deutsche Telekom to deploy advanced monetization capabilities for the MagentaBusiness API service. This will allow developers and business customers to embed communication functions like video, voice, messaging and other capabilities into their products, applications, and workflows. MagentaBusiness APIs will lower the barriers to entry for network APIs and make the service available to small and medium enterprises as well as large corporate customers.

LotusFlare is an active participant in the GSMA Open Gateway, TMForum Open API (operator API), and the CAMARA Project, positioning itself at the cutting edge of assisting communications service providers (CSPs) to monetize their 5G networks through API exposure. The LotusFlare DNO Cloud as an API marketplace offers CSPs dynamic go-to-market channels, delivers a top-tier developer experience, and supports versatile monetization options.

“With Deutsche Telekom’s MagentaBusiness API service we are exposing our network capabilities for customers and developers to create new ways to generate value for their business,” said Peter Arbitter, Senior Vice President of MagentaBusiness API (MACE), Deutsche Telekom. “LotusFlare’s advanced monetization engine is allowing us to make the experience seamless for developers through simple self-service access and payment.”

“We are delighted to be chosen by Deutsche Telekom as the technology partner for API monetization. Deutsche Telekom’s new Service Enablement Platform (SEP) will accelerate its market-leading position in the API economy,” said Sam Gadodia, CEO and Co-Founder of LotusFlare. “LotusFlare is proud to partner with Deutsche Telekom and looks forward to continuing to simplify technology and customer experience.”

 

About LotusFlare
Based in the heart of Silicon Valley, LotusFlare’s mission is to design, build and continuously advance a digital commerce and monetization platform that simplifies technology and customer experience to deliver valuable outcomes to enterprises. Developed from “customer experience down”, LotusFlare DNO™ Cloud is a cloud-native business support system (BSS) for communications and media services providers, helping them achieve valuable outcomes, including the launch of new digital brands, creation of marketplaces to monetize APIs and 5G network assets, delivery of eSIM customer experience, the rollout of new digital fiber business and simplification of virtual network services.

LotusFlare serves T-Mobile, Globe Telecom, A1 Group, Deutsche Telekom, Singtel, CelcomDigi, Digicel and other leading communications and media services providers. LotusFlare is the creator of Nomad, the innovative connectivity marketplace for international travelers powered by eSIM.

LotusFlare News: https://lotusflare.com/news/
LinkedIn: https://www.linkedin.com/company/lotusflare

 

SOURCE LotusFlare

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

Deerfield Management Announces Collaboration with QIA as Part of its Fund of Funds VC Program and the Opening of a Regional Office in Doha

Published

on

By

Deerfield Management to collaborate with QIA as part of Fund of Funds venture capital programRegional office set to open in Doha in mid-2025Activities to include upskilling local entrepreneurs and fostering the Qatari innovation ecosystem via a healthcare startup accelerator

DOHA, Qatar and NEW YORK, Feb. 23, 2025 /PRNewswire/ — Deerfield Management today announced a collaboration with Qatar Investment Authority (QIA) as part of QIA’s Fund of Funds program.

The partnership unites Deerfield’s mission of advancing healthcare with QIA’s commitment to sustaining a vibrant startup ecosystem in Qatar and the wider MENA region.

QIA’s inaugural Fund of Funds venture capital program was launched in 2024 with a primary focus on technology and healthcare amongst other fast-growing sectors. The initiative is intended to boost economic diversification, support local development, and bring global best practices and capabilities to Qatar.

In support of this program, Deerfield is set to open a regional office in Doha by mid-2025. The office will seek to support the upskilling of local startups and entrepreneurs, coordinate educational programs, and serve as a resource hub for healthcare-focused ventures in the region. The partnership will foster international collaboration and champion technological creativity.

Deerfield, through the Cure, will additionally direct a healthcare startup accelerator program in which a cohort of global and local entrepreneurs will work to sharpen their understanding of business and financial modeling; learn to conduct and analyze market research; advance the development and design of healthcare products; practice delivering effective investor presentations; and more. The accelerator program will take place both virtually and on the ground in Doha and will culminate in a pitch competition wherein entrepreneurs have the opportunity to showcase their ideas to interested stakeholders.

Qatar’s rich cultural and economic environment makes the State a fertile environment for businesses to grow,” said James Flynn, Managing Partner at Deerfield. “In partnering with QIA, we hope to support local entrepreneurs and help a sustainable healthcare and life science ecosystem thrive.”

News of the partnership was announced at the 2025 Web Summit Qatar, an international gathering connecting thousands of entrepreneurs in the Middle East and beyond to investors, journalists, and technology professionals around the world.

About Deerfield Management

Deerfield is an investment management firm committed to advancing healthcare through investment, information, and philanthropy. The Firm works across the healthcare ecosystem to connect people, capital, ideas, and technology in bold, collaborative, and inclusive ways. For more information, please visit www.deerfield.com.

About QIA

QIA is the sovereign wealth fund of the State of Qatar. QIA was founded in 2005 to invest and manage the state reserve funds. QIA is among the largest and most active sovereign wealth funds globally. QIA invests across a wide range of asset classes and regions as well as in partnership with leading institutions around the world to build a global and diversified investment portfolio with a long-term perspective that can deliver sustainable returns and contribute to the prosperity of the State of Qatar.

About QIA’s Fund of Funds Program  

The Fund of Funds program aims to develop a strong startup and venture capital ecosystem in Qatar, attract venture capital firms and entrepreneurs to the region, and help close the current funding gap for local and regional entrepreneurs. The program, first announced in February 2024, will place a priority focus on the tech and healthcare sectors. The Fund of Funds program has a mandate that includes delivering a positive development impact on the Qatari venture capital ecosystem. 

Media Contact

Deerfield Management: Jessica Sagers, PhD, Head of Communications, jsagers@deerfield.com

Qatar Investment Authority: media@qia.qa

View original content to download multimedia:https://www.prnewswire.com/news-releases/deerfield-management-announces-collaboration-with-qia-as-part-of-its-fund-of-funds-vc-program-and-the-opening-of-a-regional-office-in-doha-302382736.html

SOURCE Deerfield Management Company, L.P.

Continue Reading

Technology

AirQtel secures $27M in funding from Venture and Governmental Partners to deploy global aerial surveillance network

Published

on

By

AirQtel, an advanced aerial surveillance platform comprising industry-first hardened hardware and software for military, government and commercial operation, today announced it has received $27M in Series A funding

WELLESLEY, Mass., Feb. 23, 2025 /PRNewswire-PRWeb/ — AirQtel, an advanced aerial surveillance platform comprising industry-first hardened hardware and software for military, government and commercial operation, today announced it has received $27M in Series A funding to expedite deployment of it’s aerial platform technology in partnership with multiple governmental entities. The investment follows an in-depth evaluation by both private and governmental partners. This funding highlights the critical role of AirQtel’s proven technology in unlocking ultra-high resolution aerial imaging in all weather conditions for foreign and domestic security agencies across all sectors.

This funding round will enable AirQtel to advance technology capabilities, reduce time to market and expand its market penetration into new sectors and geographies. The funding round comes following the successful prototype launch of AirQtel’s Looking Glass aerial network across four countries and in partnership with over 50 agencies. This investment will further support efforts to address ongoing threat developments, access alternative market segments, integrate AirQtel’s technology with existing and future partner networks and establish a stronger global presence for the company.

“This funding showcases the trust and technology validation our investors have in AirQtel’s proprietary technology, planned strategic growth and global market access,” said Vin Loccisano, Founder of AirQTel. “The need for ultra-high resolution aerial imaging is both existing and growing every day. Full wavelength imaging is needed by a broad variety of entities, from local businesses to the federal government, and the Looking Glass platform allows these entities the opportunity to readily deploy industry first technology across an almost unlimited geographic area. The AirQtel technology is suitable for the most demanding security agencies who require unparalleled safety and operational security. This investment will enable AirQtel to continue innovating, expand capabilities, and push product to market a year earlier than originally planned.”

Forward-Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on AirQtel’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate.

Media Contact

Vin Loccisano, AirQtel, 1 6178668850, vin@airqtel.com, www.airqtel.com

View original content:https://www.prweb.com/releases/airqtel-secures-27m-in-funding-from-venture-and-governmental-partners-to-deploy-global-aerial-surveillance-network-302382332.html

SOURCE AirQtel

Continue Reading

Technology

HTX Global Advisor Justin Sun Advocates Crypto Security Collaboration

Published

on

By

SINGAPORE, Feb. 23, 2025 /PRNewswire/ — In the wake of the recent $1.5 billion hack affecting a major cryptocurrency exchange, HTX hosted a live discussion on X and its Global Advisor Justin Sun addressed the growing security concerns in the cryptocurrency industry. The discussion, titled “Together Against Industry Crisis, Is There a Best Solution for the Security of the Crypto Industry?” featured insights from leading security firms SlowMist and GoPlus Security, as well as prominent KOLs.

Security: A Top Priority for HTX

Sun stressed that security is a “top priority”, demanding constant vigilance and learning. He illustrated how hacker tactics have evolved, from early hot wallet attacks to more sophisticated multi-signature wallet breaches, and declared that exchanges must continuously enhance their security protocol.

Sun emphasized that security is like personal health management, requiring internal efforts and a proactive approach. HTX has implemented multi-device login, remote login alerts, abnormal transfer alerts, and other security features, and has publicly disclosed Merkle Tree Proof of Reserve (PoR) for 28 consecutive months, maintaining reserve ratios exceeding 100%.

Sun’s Influence on Security Practices Across the Crypto Landscape

Sun’s commitment to security extends to his vision for HTX and his influential role in shaping security practices across the broader crypto landscape. He believes that the principle of security is considered fundamental to every business and product. He cited the early implementation of native multi-signature functionality in TRON as a successful example of proactive security design, demonstrating his commitment to building security into the foundation of his projects. He also highlighted the recent launch of USDD 2.0, emphasizing the deep understanding of stablecoin security risks that informed its development. “Just as exchanges should strengthen security mechanisms from the source in system design and operation, to maximize the prevention of security incidents,” Sun stated.

Sun also revealed that HTX collaborates with numerous white hat teams to conduct continuous penetration testing, security drills, and vulnerability mining. The platform actively monitors global cryptocurrency security incidents and studies hacker attack principles and methods for effective prevention.

Addressing the Situation and Industry Cooperation

Regarding the controversy surrounding CZ’s suggestion for the affected exchange to suspend withdrawals, Sun acknowledged the validity of the advice from an exchange perspective. He explained that the initial hours after a security breach are crucial for investigating the issue and ensuring safety. While suspending withdrawals is necessary to eliminate risks, the suspension period should be minimized to reduce user impact.

Sun called for closer cooperation between exchanges, security agencies, and the community to jointly address hacker threats, promote technological sharing, security innovation, and information exchange, and promote the healthy and sustainable development of the industry.

HTX’s Commitment to User Safety

HTX demonstrates its commitment to security through a proactive and continuously improving approach. The platform’s multi-faceted security strategy encompasses collaboration with leading security experts, rigorous ongoing monitoring, robust internal protocols, and a focus on enhancing multi-signature support, security alerts, and mitigating emerging threats such as hashtag scams. This comprehensive strategy reflects HTX’s dedication to safeguarding user assets and fostering a secure and reliable trading environment. This commitment was further emphasized by the specific security protocol requirements shared by Justin Sun at the February 21st Meetup in Hong Kong.

About HTX

Founded in 2013, HTX has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

As a world-leading gateway to Web3, we harbor global capabilities that enable us to provide users with safe and reliable services. Our growth strategy – “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance”, underpins our commitment to providing quality services and values to virtual asset enthusiasts worldwide.

For more information on HTX, please visit the HTX Square, or https://www.htx.com/, and follow X, Telegram, Discord. For further press enquiries, please contact glo-media@htx-inc.com

Contact Details
Ruder Finn Asia  
htx@ruderfinn.com 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/htx-global-advisor-justin-sun-advocates-crypto-security-collaboration-302382843.html

SOURCE HTX

Continue Reading

Trending