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iRobot Names Michael J. Loparco to Board of Directors

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BEDFORD, Mass., Aug. 12, 2024 /PRNewswire/ — iRobot Corp. (NASDAQ: IRBT), a leader in consumer robots, announced the addition of Michael J. Loparco to its board of directors. Mr. Loparco brings to the board extensive public company and global technology leadership experience in areas including consumer product and smart home innovation, manufacturing, global supply chain, mergers and acquisitions, design, enterprise IT, retail and robotics.

Mr. Loparco is a seasoned CEO and consumer-focused leader with more than 25 years experience building and growing highly technical and cross-border manufacturing businesses. Most recently, he served as CEO of Symbotic, an AI and software-enabled warehouse robotics and automation company where he led the company’s successful IPO. Prior to Symbotic, Mr. Loparco spent more than two decades at Jabil Inc., where he rose through the ranks to become CEO of the Electronics Manufacturing Services (EMS) segment in 2020 with responsibility for more than $22 billion in global operations. Prior to that, he served as CEO of the Engineered Solutions division beginning in 2014. In these roles, Mr. Loparco ultimately led enterprise supply chain and operations across 25 countries with a workforce of more than 80,000 employees. During his tenure at Jabil, he was responsible for driving growth, innovation, digital transformation, operational efficiencies, establishing technology roadmaps, transforming complex supply chains and working with sophisticated OEM/JDM partners in a diverse array of end markets including robotics, smart home appliances and broader consumer electronics. He is also very familiar with iRobot’s product portfolio having worked closely with the company during his time at Jabil. Additionally, Mr. Loparco currently serves on the boards of directors at E2IP Technologies and Illumus, is strategic advisor to the Israeli-Canadian based Awz Ventures, and has additional public and private company board experience. He holds a JD with honors from Stetson University College of Law and BA, International Business, from Eckerd College.

“We welcome Michael to iRobot’s board of directors and are are enthusiastic about working with him and the company’s leadership team moving forward,” said Andrew Miller, chairman of the board at iRobot. “Michael’s established track record of business leadership, his familiarity of iRobot’s product and unique combination of manufacturing, supply chain and IT experience will be tremendous assets to the company as it continues to make progress on its transformation and strategic initiatives.”

“Having worked with iRobot while at Jabil and knowing the consumer benefits its products provide, I am honored to begin contributing to the company as it charts a new path forward,” said Michael Loparco. “I believe my past experiences will be valuable to iRobot’s continued success and am excited to work with the board and leadership team to address and capitalize on the many opportunities that lie ahead.”

About iRobot Corporation
iRobot is a global consumer robot company that designs and builds thoughtful robots and intelligent home innovations that make life better. iRobot introduced the first Roomba robot vacuum in 2002. Today, iRobot is a global enterprise that has sold more than 50 million robots worldwide. iRobot’s product portfolio features technologies and advanced concepts in cleaning, mapping and navigation. Working from this portfolio, iRobot engineers are building robots and smart home devices to help consumers make their homes easier to maintain and healthier places to live. For more information about iRobot, please visit www.irobot.com.  

For iRobot Investors
This press release contains “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding the Company’s implementation of its operational restructuring plan and related restructuring charges (including the timing thereof), the Company’s business plans, strategies, priorities and initiatives and the expected business and financial impacts thereof (including anticipated cost savings), expected product launches and the impact thereof, and anticipated business enhancements and expected benefits to the Company’s products and business therefrom. These forward-looking statements are based on the Company’s current expectations, estimates and projections about its business and industry, all of which are subject to change. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “could,” “seek,” “see,” “will,” “may,” “would,” “might,” “potentially,” “estimate,” “continue,” “expect,” “target,” similar expressions or the negatives of these words or other comparable terminology that convey uncertainty of future events or outcomes. All forward-looking statements by their nature address matters that involve risks and uncertainties, many of which are beyond our control, and are not guarantees of future results. These and other forward-looking statements are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statements. Accordingly, there are or will be important factors that could cause actual results to differ materially from those indicated in such statements and, therefore, you should not place undue reliance on any such statements and caution must be exercised in relying on forward-looking statements. Important risk factors that may cause such a difference include, but are not limited to: the Company’s ability to implement its business plans and strategies; the Company’s ability to achieve the anticipated benefits of its operational restructuring plan; the Company’s ability to successfully navigate its leadership transition; the ability of the Company to retain and hire key personnel; legislative, regulatory and economic developments affecting the Company’s business; general economic and market developments and conditions; the impact of various global conflicts on the Company’s business and general economic conditions; the evolving legal, regulatory and tax regimes under which the Company operates; unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism or outbreak of war or hostilities; supply chain challenges including constraints in the availability of certain semiconductor components used in the Company’s products; the financial strength of the Company’s customers and retailers; the impact of tariffs on goods imported into the United States; and competition. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” in the Company’s most recent annual and quarterly reports filed with the SEC and any subsequent reports on Form 10-K, Form 10-Q or Form 8-K filed from time to time and available at www.sec.gov. The forward-looking statements included herein are made only as of the date hereof. The Company does not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. 

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SOURCE iRobot Corporation

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Beijing, September 26: China Arbitration Summit 2024 & China MENA Arbitration Summit

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September 23, 2024

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BEIJING, Sept. 23, 2024 /PRNewswire/ — The China Arbitration Summit 2024 & China-MENA Arbitration Summit will be held on 26 September 2024 at China World Summit Wing, Beijing. The Summit is co-hosted by China International Economic and Trade Arbitration Commission (CIETAC), United Nations Commission on International Trade Law (UNCITRAL), International Federation of Commercial Arbitration Institutions (IFCAI), and All China Lawyers Association (ACLA).  

Being the flagship event of the China Arbitration Week, the Summit is themed with “International Arbitration Transcending Eras”, inviting arbitration and legal experts from across the world to share their views on frontier and topical issues in the new era, explore the future direction of international arbitration, and jointly develop the international arbitration that transcends eras. Concurrently with the Summit, the China-MENA Arbitration Summit will be held to further strengthen communication and cooperation in international commercial arbitration, and to promote collaboration in dispute resolution between China and the MENA (Middle East and North Africa) region. 

The Summit will be a one-day event, with simultaneous interpretation of Chinese and English. The Summit will take the form of a hybrid event with global livestreaming, providing a communication platform for participants from home and abroad.  

The summit was organized by Guangxi CA Panorama Group.

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Digital Banking Platform Market to Reach $168.3 Billion, Globally, by 2032 at 20.9% CAGR: Allied Market Research

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55 mins ago

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September 23, 2024

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The digital banking platform is experiencing growth due to several factors such as surge in the number of Internet users, growth in a shift from traditional banking to online banking and rise in demand for personalized banking services.

WILMINGTON, Del., Sept. 23, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Digital Banking Platform Market by Component (Solutions and Services), Deployment Model (On-Premises and Cloud), Type (Retail Banking and Corporate Banking), and Mode (Online Banking and Mobile Banking): Global Opportunity Analysis and Industry Forecast, 2024-2032″. According to the report, the digital banking platform market was valued at $30.4 billion in 2023, and is estimated to reach $168.3 billion by 2032, growing at a CAGR of 20.9% from 2024 to 2032.

Get a Sample Copy of this Report: https://www.alliedmarketresearch.com/request-sample/5539 

Prime determinants of growth 

The global digital banking platform is experiencing growth due to several factors such as surge in the number of Internet users, growth in a shift from traditional banking to online banking and rise in demand for personalized banking services. However, security and compliance issues in digital banking platforms, lack of digital literacy in emerging countries, and technical concerns associated with new technology integration and legacy systems hinder the market growth. Moreover, growth in the usage of machine learning and artificial intelligence in digital banking platforms, along with the increase in innovative banking services offer remunerative opportunities for the expansion of the global digital banking platforms market. 

Report coverage & details:

Report Coverage

Details

Forecast Period

2024–2032

Base Year

2023

Market Size in 2023

$30.4 billion 

Market Size in 2032

$168.3 billion

CAGR

20.9 %

No. of Pages in Report

250

Segments covered

Component, Deployment Model, Type, Mode, and Region

Drivers

•  Surge in the number of Internet users 

•  Growth in a shift from traditional banking to online banking 

•  Increase in demand for personalized banking services

Opportunities

•  Growth in the usage of machine learning and artificial intelligence in digital banking platforms 

•  Increase in innovative banking services

Restraints

•  Security and compliance issues in digital banking platforms

•  Lack of digital literacy in emerging countries 

•  Technical concerns associated with new technology integration and legacy systems

Enquire Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/5539 

Segment Highlights

The solution segment is expected to lead the market during the forecast period.

By component, the solution segment held the highest market share in 2023, accounting for nearly three-fourths of the global digital banking platform market. Increase in focus on customer acquisition among bankers, rising investment in for solutions loan processing, and the effective management of established communication among bank professionals and customers are expected to drive the demand for the solution segment in the digital banking platform market.

The cloud segment is expected to lead the market during the forecast period.

By deployment mode, the on-premises segment held the highest market share in 2023, accounting for more than half of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The on-premises model is considered widely useful in large enterprises, as it involves a significant investment and organizations need to purchase interconnected servers, as well as software to manage the system, which is expected to drive market growth.

However, the cloud segment is projected to attain the highest CAGR between 2023 and 2032, owing to the adoption of a cloud strategy delivers several numbers of key benefits for businesses in the digital banking industry, such as the ease of implementation, low cost, and unlimited accessibility, which propels the growth of the cloud segment.

The retail banking segment is expected to garner the highest CAGR during the forecast period.

By type, the retail banking segment held the highest market share in 2023, accounting for almost two-thirds of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The growth is attributed to a surge in the customer base who are willing to shift towards online methods of banking, as it provides easy and convenient access to banking services. In addition, the increase in internet penetration globally contributes to this segment’s growth.

The mobile banking segment is expected to garner the highest CAGR during the forecast period.

By mode, the online banking segment held the highest market share in 2023, accounting for nearly three-fourths of the global digital banking platform revenue and is likely to retain its dominance during the forecast period. The growth is driven by an increase in preference for digitization & automation, rise in usage of Fintech, which are computer programs, and financial services supported by technology drive the growth of this segment.

However, the mobile banking segment is projected to attain the highest CAGR between 2023 and 2032, owing to the technological advancements in mobile banking such as the delivery of personalized real-time customer service through smart bots, rise in usage of mobile devices allowing users to obtain instant customer assistance, drive the market growth.

Request Customization: https://www.alliedmarketresearch.com/request-for-customization/5539 

North America to maintain its dominance by 2032

Based on region, North America held the highest market share in terms of revenue in 2023, accounting for almost two-fifths of the global digital banking platform revenue and is expected to rule the roost in terms of revenue during the forecast timeframe. The growth is driven by the constant advancements in information technology causing increased development of interactive and consumer-friendly user interfaces of the websites and applications that have led to changes in the preference of consumers for banking services.

Players

AppwayCor Financial Solution Ltd.EdgeverveFIS GlobalFiserv, Inc.nCino Inc.Oracle CorporationSAP SETemenosVsoft Corporation

The report provides a detailed analysis of these key players in the global digital banking platform. These players have adopted different strategies such as new product launches, collaborations, expansion, joint ventures, agreements, and others to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to showcase the competitive scenario.

Key Benefits for Stakeholders

This report provides a quantitative analysis of the digital banking platform market segments, current trends, estimations, and dynamics of the digital banking platform market analysis from 2024 to 2032 to identify the prevailing digital banking platform market opportunity.The market research is offered along with information related to key drivers, restraints, and opportunities.Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.In-depth analysis of the digital banking platform market segmentation assists to determine the prevailing digital banking platform market opportunities.Major countries in each region are mapped according to their revenue contribution to the global market.Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.The report includes the analysis of the regional as well as global digital banking platform market trends, key players, market segments, application areas, and market growth strategies.

Digital Banking Platform Market Report Highlights

By Component

SolutionsServices

By Deployment Model

On-PremisesCloud

By Type

Retail BankingCorporate Banking

By Mode

Online BankingMobile Banking

By Region

North America (U.S., Canada, Mexico)Europe (France, Germany, Italy, Spain, UK, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Thailand, Malaysia, Indonesia, Rest of Asia-Pacific)LAMEA (Brazil, South Africa, Saudi Arabia, UAE, Argentina, Rest of LAMEA)

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington,
New Castle,
Delaware 19801 USA.
Int’l: +1-503-894-6022
Toll Free: +1-800-792-5285
UK: +44-845-528-1300
India (Pune): +91-20-66346060
Fax: +1-800-792-5285
help@alliedmarketresearch.com 

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ZeroedIn Launches New Analytics Platform User Experience, Offering a 360° View of Workforce Data

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55 mins ago

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September 23, 2024

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LINTHICUM, Md., Sept. 23, 2024 /PRNewswire/ — ZeroedIn is thrilled to announce the launch of its new decision intelligence user experience, designed to support customers at every stage of their analytics journey. This new platform transforms workforce data into clear, actionable insights, enabling smarter, faster, and more strategic decision-making across the organization. With its 360° view of workforce data, organizations can now make well-informed, data-driven decisions by utilizing predictive insights and generative AI, while ensuring regulatory compliance.

ZeroedIn’s platform integrates seamlessly with multiple data sources, turning raw data into actionable strategies. By simplifying complex data visualizations, it enables businesses to improve productivity, enhance decision-making, and drive sustainable change. This upgraded platform not only meets organizations where they are in their analytics journey, but also provides them with the advanced tools to unlock the power of decision intelligence.

“As part of our relentless commitment to delivering the best solutions, we are heavily investing in platform architecture and security,” said Chris Moore, Chief Technology Officer of ZeroedIn. “We are in the final stages of a SOC 2 audit, with full compliance expected by year’s end. Additionally, we’ve initiated the FedRAMP certification process, reinforcing our dedication to upholding the highest security and compliance standards, particularly for government organizations.”

“Our mission is to equip organizations with cutting-edge tools that proactively foster decision intelligence while directly addressing today’s complex compliance challenges,” said Jim Gill, CEO of ZeroedIn. “This launch is a pivotal milestone in helping businesses create a culture that prioritizes data-driven, informed decision-making.”

ZeroedIn’s platform is particularly well-suited for businesses in compliance-driven industries such as healthcare, financial services, credit unions/banks, and government organizations (SLED/FED), providing them with the insights needed to navigate regulatory requirements while optimizing workforce performance.

ZeroedIn will unveil this new platform at HR Tech 2024, where CEO Jim Gill will participate in interviews with RedThread Research’s Tech Consortium/Moveable Feast and Stacey Harris of Sapient Insights Group on the Spilling the Tea on HR Tech Podcast. Attendees are also invited to a live demo session on September 26, from 12:30 to 1:30 PM PT in Demo Theater 2 on the HR Tech expo floor. This interactive session will offer an in-depth look at the platform’s innovative features and demonstrate its transformative potential.

Key Features and Benefits

Unified Source of Truth: ZeroedIn aggregates data from HRMS, surveys, performance metrics, and more, providing a holistic view of workforce data for businesses in compliance-driven sectors.Dynamic Dashboards with Predictive Modeling: Tailored to each user, the platform delivers personalized insights to enable leaders to make strategic decisions about employee engagement, productivity, and leadership development.Leader Blind Spot Identification: A new feature designed to highlight gaps in accountability and span of control, which are often overlooked in traditional platforms.Succession Planning and Leadership Growth: ZeroedIn goes beyond standard succession planning by using predictive modeling to anticipate future leadership needs based on span of control, organizational growth, and other key metrics.

A Diagnostic Tool for Leadership Development

One of ZeroedIn Analytics’ standout capabilities is its diagnostic tool, which helps organizations identify gaps in leadership structure and development. By integrating diverse datasets, the platform not only addresses data integration challenges but also provides actionable insights that enable leadership teams to make more informed decisions about organizational structure and talent development.

A Vision Rooted in Innovation and Security

ZeroedIn is committed to pushing the boundaries of decision intelligence by unifying workforce data and delivering predictive insights that drive actionable outcomes. With a platform designed to meet organizations wherever they are in their analytics journey, ZeroedIn offers:

Democratized, actionable insights across the entire organizationTools to empower data-driven decision-making at all levelsEnhanced employee engagement, productivity, and performance through personalized predictive modeling

By breaking down data silos, ZeroedIn enables organizations to unlock the full potential of their workforce, driving inclusive, sustainable, and long-lasting change.

“I’ve been following ZeroedIn for many years, and I’m excited about the momentum they have with their new user experience and product team” said Stacey Harris, Chief Research Officer and Managing Partner at Sapient Insights Group “It’s great to see them focused on meeting the needs of customers at any point in their journey. With over 40% of organizations stating that current solutions aren’t meeting their business needs, many are looking for more guidance and support.”

The new ZeroedIn Analytics platform is now available to businesses looking to transform their workforce data into a strategic asset.     

About ZeroedIn

ZeroedIn is a leading provider of people analytics solutions, helping organizations in highly regulated industries optimize talent management and improve business performance. With cutting-edge AI-driven insights, ZeroedIn empowers businesses to make smarter, data-driven decisions that fuel employee engagement, productivity, and long-term success,

For more information, visit zeroedin.com or contact marketing@zeroedin.com.

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SOURCE ZeroedIn Technologies

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