SYDNEY, Nov. 18, 2024 /PRNewswire/ — Activeport Group Ltd (ASX:ATV) has sealed a $4 million perpetual licence agreement with Radian Arc Limited for Activeport’s cutting-edge cloud gaming software.

Highlights

Radian Arc will pay $4 Million for a perpetual licence of Activeport’s cloud gaming orchestration software.Radian Arc will continue enhancing this software to address its global Telco market requirements. The companies will continue to work together from a business development perspective across cloud gaming, AI and network orchestration in the Telco sector.

With this latest licence deal coming quickly on the back of the recent Rights issue,  Activeport is now fully capitalised and ready to accelerate its recurring revenue growth from network orchestration licences and SaaS for Telco’s and data centres.

This licence deal highlights the value Activeport’s engineering expertise in bare-metal orchestration. The software developed for Radian Arc uses AMD CPU, GPU and encoder ASICs to deliver high performance, low-cost game streaming on distributed servers at scale and is being deployed to more than 80 Telco’s globally to deliver cloud gaming across their 5G networks.

Activeport Chairman and CEO Peter Christie commented “We are proud to have developed a world-class platform for the emerging cloud gaming industry. As the gaming experience evolves from consoles and PCs to the Cloud, Radian Arc will be there to catch a significant portion of that market with our software”

Radian Arc CEO David Cook says “Activeport’s software engineering expertise was instrumental in facilitating Radian Arc’s launch into Cloud Gaming. We’re now at a point where we feel comfortable taking the development tasks in-house and broadening our focus into virtual computing and AI applications”.

About Activeport

Headquartered in Australia, Activeport develops automation software and customer self-service portals for global telecommunication providers. The Activeport product suite enables network automation, minimising operational costs, accelerating ‘time to revenue; and improving customer experience. 

For more information: https://www.activeport.com.au 

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SOURCE ActivePort

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STOCKHOLM, Nov. 17, 2024 /PRNewswire/ — EQT has today set the hard cap for investor commitments of USD 14.5 billion for EQT Private Capital Asia’s BPEA Private Equity Fund IX (“BPEA IX”). A hard cap refers to an upper limit on the amount of investor commitments accepted as part of the fund. The actual fund size is dependent on the outcome of the fundraising process. As previously communicated, the target fund size for BPEA IX is USD 12.5 billion. 

Contact

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EQT Press Office, press@eqtpartners.com, +46 8 506 55 334

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SEOUL, South Korea, Nov. 18, 2024 /PRNewswire/ — After 5 years of establishment in Korea, NTQ Korea has gained significant positions thanks to a dedication to raising Korean businesses’ competitiveness through its pioneering Global Collaboration model. 

On 14th November, NTQ Korea celebrated its fifth anniversary in Seoul, hosting esteemed clients and partners in a special ceremony that highlighted the company’s journey from a small venture to becoming a trusted partner for numerous major South Korean companies across various industries.

The secret behind NTQ Korea’s remarkable success lies in its strategy to focus on multiple dimensions of business development. Aside from a sole focus on tech service offerings, NTQ Korea stands out for its unique Global Collaboration strategy, which has been instrumental in helping South Korean businesses unlock new opportunities in emerging markets like Vietnam and beyond.

Global Collaboration – NTQ Korea’s Approach To Leverage Korean Businesses In The Competitive Landscape

As part of maintaining its position as a global innovation leader, South Korea has actively expanded ICT collaboration with countries worldwide to strengthen its supply chain networks. Vietnam, one of the nations that has a strategic partnership with South Korea, has contributed significantly to this strategy.

“Realizing the needs for globalization of Korean businesses and the long-lasting bilateral relation between Vietnam & Korea, NTQ Korea chooses to foster service offerings & business development strategy around the “Global Collaboration” – A model that enables NTQ to build sustainable partnership values with clients”, said Mr. Pham Thai Son, CEO of NTQ Solution.

As the name suggests, “Global Collaboration” is NTQ Korea’s unique strategy model that aims to enhance clients’ capabilities to enter global markets through digital transformation. NTQ’s Global Collaboration consists of two critical objectives: leveraging clients’ competitiveness in the Korean market and committing to accompany clients on their journey to expand business globally.

Dedicated resources of more than 1300 employees globally, diverse tech stack capabilities & global experiences are the solid foundation of NTQ Korea’s Global Collaboration. NTQ Korea acts as an IT Service Provider, while providing a powerful source of technical expertise, know-how & experiences that allow clients to access markets where NTQ has a presence, including Vietnam, Japan, the US, Europe, Hong Kong, and many other countries/regions.

“With the help of NTQ’s tech powerhouse and global experiences, Korean clients will both achieve global expansion goals and strengthen their competitive edge in the domestic market at the same time”, said Mr. Pham Thai Son, CEO of NTQ Solution.

To effectively execute its Global Collaboration strategy, NTQ Korea employs: (1) a Global Development Center (GDC) model with advanced workforce management, developing dedicated IT resources that support Korean enterprises’ growth, (2) end-to-end services combining hardware and software to bring clients’ solutions to life, meeting diverse global demands, and (3) emerging technologies like up-trending GenAI and Blockchain, providing solutions that enhance Korean companies’ competitiveness, boosting growth through improved productivity, communication, and learning efficiency. These innovations address Korean businesses’ evolving needs, creating a robust foundation for sustainable international expansion.

Ready For A Greater Leap!

The resilience towards Global Collaboration has contributed to NTQ Korea’s remarkable achievements in both service development and market expansions. Looking ahead, NTQ Korea is pursuing a 5-year strategy toward future growth. This includes the goals of achieving 100 employees in Korea, deploying GDCs with 2000 – 3000 dedicated talents specialized for the Korean market, and granting top positions in the Korean ICT Market.

Along with other global subsidiaries, NTQ Korea is striving for the NTQ Solution’s 2026 goals, including 3000 employees milestones, $100M in revenues & achieving the Top 5 IT company in Vietnam!

About NTQ Korea: NTQ Korea is one of the international branches of NTQ Solution, a Global IT Service Provider with more than 13 years of experience in harnessing digital transformation for businesses worldwide. Founded in 2019, NTQ Korea has become a trusted IT partner of leading Korean companies, contributing to leveraging the position of Vietnam’s ICT competency in the market.

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SOURCE NTQ Solution