Connect with us

Technology

Empyrion Digital expands regional footprint with Tokyo entry

Published

on

Investment marks Empyrion Digital’s maiden entry into Japan, partnering with a Japanese diversified financial services group Aligned with focus to establish presence in key locations within core Asia markets and create the most competitive digital infrastructure platform in the region

SINGAPORE and TOKYO, Sept. 2, 2024 /PRNewswire/ — Empyrion Digital, a next-generation digital infrastructure platform, today announced it has signed a binding agreement with one of Japan’s largest diversified financial services groups, to develop a 25MW AI-ready data centre (JP1) in Tokyo.

This strategic move marks Empyrion Digital’s maiden entry into Japan and underscores its focus to expand its presence in core Asia markets where the demand for digital infrastructure is robust, yet the availability of land and power are constrained. By strategically leveraging our local partner’s network in Japan, the JP1 Tokyo data centre will be built in a network-dense location that meets the stringent requirements of our clients in terms of location, power requirements and a rich ecosystem of cloud and connectivity players.

Japan is one of the world’s largest Tier 1 data centre markets. Within Japan, Tokyo is the primary hub for data centre activities with current capacity of 904 MW[1] and its co-location market is projected to grow at a CAGR of 9.2% from 2023 to 2028[2], reflecting significant expansion driven by increased demand for artificial intelligence (AI) and 5G deployments, cloud services, fintech and e-commerce.

AI-ready and green by design facility

Strategically located with excellent fibre connectivity within 5km from Otemachi, the Internet Exchange and Tokyo CBD, the JP1 Tokyo data centre will be a 5-storey building that spans 21,000 square metres. With power secured, JP1 Tokyo is designed to be AI-ready to support Generative AI and High Performance Computing workloads. The Tier III, carrier neutral facility will also be equipped with advanced cooling technologies to improve energy and water usage efficiency and reduce environmental impact.

Mr. Mark Fong, CEO of Empyrion Digital said: “Entering the Japan market is a significant milestone for Empyrion Digital. Japan is a key market for digital innovation in Asia, and we are excited to contribute to its growth with JP1 in Tokyo. Our expansion into Japan signifies our commitment to providing world-class, future ready digital infrastructure that meets the diverse needs of our hyperscale and enterprise customers while continually improving sustainability and innovation.”

Mr. Fong added, “Our goal is to create the most competitive digital infrastructure platform in Asia to serve the growing needs of our customers. With a proven track record of owning and operating an award-winning data centre in Singapore and the construction of our Korea KR1 data centre in Gangnam, Seoul, well underway, we are well-positioned to build on this Tokyo investment and capitalize on future opportunities in Tokyo and Osaka.”

Mr. James Chern, Managing Partner and CIO of Seraya Partners commented: “As the fourth largest economy in the world, Japan continues to be an important destination for infrastructure investments. Seraya is excited to support Empyrion in securing trophy assets like JP1 Tokyo, demonstrating our team’s abilities in originating and developing these highly differentiated projects.”

Construction for the JP1 Tokyo data centre is expected to commence in 2025 and the data centre is targeted to be operational by late 2027.

In 2021, Empyrion Digital was launched by Seraya Partners, a leading Asia infrastructure fund. The platform currently operates a 7.7 MW data centre in Singapore and is constructing a 29.4 MW data centre in Seoul, South Korea, with more markets under development.

[1] Source: CBRE. Based on historical IT Capacity as of Q4 2023

[2] Source: Structure Research

About Empyrion Digital

Empyrion Digital is a next-generation digital infrastructure platform committed to sustainability and the highest standards of responsible operating performance. Green by design, we develop and operate robust, scalable and carrier-neutral data centres for hyperscale and enterprise customers across Asia.

Headquartered in Singapore, Empyrion Digital is a portfolio company of Seraya Partners, a leading Asia infrastructure fund with USD 800 million of assets under management as of 31 Dec 2023. 

For more information, visit www.empyriondigital.com.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/empyrion-digital-expands-regional-footprint-with-tokyo-entry-302234898.html

SOURCE Empyrion DC

Continue Reading
Click to comment

Leave a Reply

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

Technology

INTOUCH INSIGHT ANNOUNCES Q3 2024 FINANCIAL RESULTS

Published

on

By

OTTAWA, ON, Nov. 21, 2024 /CNW/ – Intouch Insight Ltd, (“Intouch” or “the Company”) (TSXV: INX) (OTCQX: INXSF) a leader in customer experience measurement solutions, today announced financial results for the quarter ended September 30, 2024.

Key highlights for Q3 2024

Revenue increased 18% to $6,656,664 compared to $5,634,594 in Q3 2023.Recurring services revenue increased 23% to $5,761,966 from $4,678,154 the prior year Q3.Gross margin increased to 48.2% from 41.7% in Q2 2024 due to the shift in product mix.SaaS revenues grew 9% organically.Operating expenses have grown 7% compared to prior year’s Q3 as acquisition integration efforts continue.Adjusted EBITDA remained positive increasing to $575,889 compared to $296,515 in Q2, 2024 and $509,762 in prior year Q3.

“Our financials illustrate that Intouch is a growing, profitable and financially self-sufficient business.  Sales and marketing efforts are building on our thought leadership and improving brand recognition, particularly in the key target market segments of Quick Serve Restaurants and Petro Convenience, as evidenced by recent mainstage speaking invitations for four industry events,” said Cameron Watt, President & Chief Executive Officer of the Company.

“This year will mark the second year in a row with revenues over $25 Million and we expect growth to continue well beyond this level into the future,” said Watt.

Consolidated Statements of Operations

Q3 2024

Q3 2023

Revenue

$    6,656,664

$    5,634,594

Cost of services

3,445,180

2,719,682

Gross margin

3,211,484

2,914,912

Total operating expenses

2,844,721

2,656,381

Income from operating activities

366,763

258,531

Non-operating (expenses) income 

87,297

(83,076)

Income tax recovery (expense)

Net income (loss)

$       454,060

$       175,455

About Intouch Insight

Intouch Insight offers a complete portfolio of customer experience management (CEM) products and services that help global brands delight their customers, strengthen brand reputation and improve financial performance. Intouch helps clients collect and centralize data from multiple customer touch points, gives them actionable, real-time insights, and provides them with the tools to continuously improve customer experience. Founded in 1992, Intouch is trusted by over 300 of North America’s most-loved brands for their customer experience management, customer survey, mystery shopping, mobile forms, operational and compliance audits, geolocation data capture and event marketing automation solutions. For more information, visit intouchinsight.com.

Certain statements included in this news release contain forward looking statements that are made of the date hereof, which by their nature are necessarily subject to risks and uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.  Such statements reflect the Company’s current views with respect to future events, including the acquisition, future revenues and references to the Company’s expansion and growth of the business and operations, and are based on information currently available to the Company and on hypotheses which it considers to be reasonable; however, management warns the reader that hypotheses relative to future events which are beyond the control of management could prove to be false, given that they are subject to certain risks and uncertainties. Please refer to the risks set forth in the Company’s most recent annual MD&A and the Company’s continuous disclosure documents that can be found on SEDAR at www.sedar.com.   The Company does not intend, and disclaims any obligation, except as required by law, to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Intouch Insight Ltd.

Continue Reading

Technology

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Published

on

By

HUNTINGTON BEACH, Calif., Nov. 21, 2024 /PRNewswire/ — Beacon Healthcare Systems, is pleased to announce the appointment of Ayman Mohamed as its new Chief Technology Officer, effective November 18, signaling a new direction in innovation and technology leadership. With over 20 years of senior leadership, strategic, and operational product management experience, Ayman brings a wealth of knowledge and expertise to the role.

Beacon Healthcare Systems Expands Leadership Team with Addition of Ayman Mohamed as Chief Technology Officer

Ayman Mohamed is a seasoned technology leader with a proven track record of launching innovative products in new and existing markets, generating significant revenue streams, and creating profitable enterprises. His passion for building high-quality products and commitment to servant leadership have earned him a reputation for building trust and fostering collaborative, high-performing teams.

Throughout his career, Ayman has demonstrated a deep understanding of software architecture and broad hands-on technical skills. He has successfully helped organizations succeed, with experience spanning startups and larger companies in the San Francisco Bay and Washington DC metro areas. In his new role at Beacon Healthcare Systems, Ayman will lead engineering and delivery teams, develop a product roadmap, and lead technology development, testing, and implementation efforts.

“We are thrilled to have Ayman join Beacon Healthcare Systems at this pivotal time. Our vision is to harness cutting-edge technologies to enhance our products, implementations, and continue to give our clients the level of quality they expect,” said Todd Petersen, CEO.

Ayman Mohamed’s previous roles include leadership positions at Amazon Web Services, American Well, Avizia, Intersections Inc, Zumetrics, Moasis Global, and Ultra Zoom Technologies. His strategic and operational skills, combined with his ability to thrive in dynamic environments and his bias for action, make him an invaluable asset to Beacon Healthcare Systems.

About Beacon Healthcare Systems. Beacon Healthcare Systems streamlines the business of healthcare through reliable innovative SaaS technology delivered by industry experts. With a focus on appeals and grievances, compliance, and analytics, Beacon HCS is the first place health plans turn when looking for a trusted, experienced partner that can help them reduce costs, grow revenue, and achieve their strategic goals. Founded in 2011, Beacon HCS is a privately held California-based company. Visit our website at www.beaconhcs.com

Media Contact: 9048744189 | Dkroog@beacon@beaconhcs.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/beacon-healthcare-systems-expands-leadership-team-with-addition-of-ayman-mohamed-as-chief-technology-officer-302313686.html

SOURCE Beacon Healthcare Systems

Continue Reading

Technology

NASA Awards Test Operations Contract

Published

on

By

WASHINGTON, Nov. 21, 2024 /PRNewswire/ — NASA has selected Sierra Lobo, Inc. of Fremont, Ohio, to provide for test operations, test support, and technical system maintenance activities at NASA’s Stennis Space Center near Bay St. Louis, Mississippi.

The NASA Stennis Test Operations Contract is fixed-price, level-of-effort contract that has a value of approximately $47 million. The performance period begins July 1, 2025, and extends three years, with a one-year base period and two one-year option periods.

The contract will provide test operations support for customers in the NASA Stennis test complex. It also will cover the operation and technical systems maintenance of the high-pressure industrial water, high-pressure gas, and cryogenic propellant storage support areas, as well as providing welding, fabrication, machining, and component processing capabilities.

NASA Stennis is the nation’s largest propulsion test site, with infrastructure to support projects ranging from component and subscale testing to large engine hot fires. Researchers from NASA, other government agencies, and private industry utilize NASA Stennis test facilities for technology and propulsion research and developmental projects.

For information about NASA and other agency programs, visit:

https://www.nasa.gov

View original content to download multimedia:https://www.prnewswire.com/news-releases/nasa-awards-test-operations-contract-302313691.html

SOURCE NASA

Continue Reading

Trending