Connect with us

Technology

UST Acquires ISG Automation

Published

on

Strategic move strengthens UST’s presence in the dynamic intelligent automation market while laying the foundation for further growth amidst new demand

ALISO VIEJO, Calif., Oct. 2, 2024 /PRNewswire/ — UST, a leading digital transformation solutions company, has acquired the automation unit of Information Services Group (ISG), strengthening its position in the intelligent automation space and positioning the company for future growth in a dynamic market. The acquired unit is a leading provider of intelligent automation solutions, utilizing artificial intelligence (AI), robotic process automation (RPA), and automation technologies to help clients across a range of industries optimize their business processes, enhance the customer experience, and reduce operational costs.

Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, said it has sold its automation unit to UST for $27 million in an all-cash transaction. Initially founded in 2017, the unit offers RPA software implementation, support, and licensing services. The unit has over 120 senior automation consultants and technologists across US, UK, India, Canada, and Germany. As a long-standing leader in the market, the acquired unit boasts strong partnerships with leading automation vendors such as Automation Anywhere, UiPath, and Blue Prism, and offers end-to-end services ranging from strategy and design to implementation and support. Furthermore, the acquisition will strengthen UST’s partner ecosystem in the intelligent automation space and allow the company to deliver a broader set of services to its clients.

This significant investment strengthening UST’s position in a critical sector that has the potential to transform industries, enhance productivity, improve customer experiences, and further build on diverse revenue streams. The move comes at a time when enterprises are seeking to scale and optimize automation across the enterprise and leverage these benefits for broader business transformation.

As the role of generative AI in enterprise automation expands, the acquisition will allow UST to continue meeting client needs while driving innovation and cost optimization. As part of the agreement, UST will onboard highly experienced intelligent automation consultants globally.

“Building on the success of the UST SmartOps platform as well as our current services and partnerships, this strategic acquisition represents a significant step forward for the UST Automation team, enabling greater intelligent automation consulting capabilities and allowing us to broaden our partner ecosystem. The move strengthens our ability to deliver a larger set of services to our clients, including business transformation, automation-powered BPaaS and cost take out capabilities. As the intelligent automation space continues to grow, UST is committed to expanding its portfolio of automation platforms, accelerators and AI-based solutions to meet the constantly evolving needs of clients and partners,” said Sajesh Gopinath, General Manager, UST Automation.

“Our former automation unit will benefit from being part of a larger technology services organization, UST, a company that we have known and respected for years – and one that has the resources and scale to compete in the intelligent process automation space,” said Michael P. Connors, Chairman and Chief Executive Officer, ISG.

About ISG
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.

Media Contacts, ISG:
Will Thoretz, ISG
+1 203 517 3119
will.thoretz@isg-one.com

About UST
Since 1999, UST has worked side by side with the world’s best companies to make a powerful impact through transformation. Powered by technology, inspired by people, and led by our purpose, we partner with our clients from design to operation. Our digital solutions, proprietary platforms, engineering expertise, and innovation ecosystem turn core challenges into impactful, disruptive solutions. With deep industry knowledge and a future-ready mindset, we infuse innovation and agility into our clients’ organizations—delivering measurable value and positive lasting change for them, their customers, and communities around the world. Together, with 30,000+ employees in 30+ countries, we build for boundless impact—touching billions of lives in the process. Visit us at www.UST.com.

Media Contacts, UST:
Tinu Cherian Abraham
+1 (949) 415-9857

 Merrick Laravea
+1 (949) 416-6212

Neha Misri
+44-7341787926

Roshini Das K
+91-7736795557
media.relations@ust.com

Media Contacts, India:
Adfactors PR
ust@adfactorspr.com 

Media Contacts, U.S.:
S&C PR
+1-646.941.9139
media@scprgroup.com

Makovsky
ust@makovsky.com

Media Contacts, U.K.:
FTI Consulting
UST@fticonsulting.com

Logo: https://mma.prnewswire.com/media/1422658/UST_Logo.jpg  

View original content:https://www.prnewswire.com/news-releases/ust-acquires-isg-automation-302265958.html

SOURCE UST

Continue Reading
Click to comment

Leave a Reply

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

Technology

Operation HOPE Lands in Alabama to Help Boost Financial Literacy and Empower Communities Across the State

Published

on

By

“UPLIFT” and the “American Aspiration Tour” Aim to Improve Economic Mobility in Birmingham and Montgomery

ATLANTA, Oct. 2, 2024 /PRNewswire/ — Operation HOPE is proud to announce the arrival of The American Aspiration Tour (AAT) and UPLIFT, multi-city initiatives aimed at transforming financial literacy across the nation. Spearheaded by John Hope Bryant, founder and CEO of Operation HOPE, the events seek to empower individuals and communities through actionable financial education, equipping underserved communities with the tools and knowledge to enhance economic mobility and close the wealth gap.

The events in Birmingham and Montgomery will take place on October 3, 2024. Each is open to the public at no cost. To register, click HERE.

“Our goal with The American Aspiration Tour and UPLIFT is to bridge the financial literacy gap, one city at a time. By creating opportunities for meaningful discussions, we aim to not only inspire change but equip communities with the skills they need to build brighter financial futures,” said John Hope Bryant. “We’re addressing the root causes of economic inequality by empowering individuals with the tools to succeed in today’s economy.”

Alabama’s financial literacy challenge is clear. According to HOPE’s Community Credit Index (CCI), the average credit score in the state is 692—one of the lowest in the nation. UPLIFT and AAT aim to tackle overarching issues head-on.  By providing residents with the knowledge and tools to better manage credit, save, and invest, Operation HOPE aims to build a more financially resilient community. Other HOPE CCI data reveals the positive impact of HOPE’s local programs, including:

Birmingham:

Average beginning credit score for clients – 587Average increase in credit score for clients – +44 pointsMedian reduction of client debt – –$1,064Median increase in client savings – +$915

Montgomery:

Average beginning credit score for clients – 583Average increase in credit score for clients – +36 ptsMedian reduction of client debt – $496Median increase in client savings – +$1000

In addition to Alabama, the tours will make stops in other states including Georgia, Missouri, North Carolina and Ohio, among others. Each will feature thought-provoking conversations with local leaders about financial empowerment, economic justice, and the role of financial literacy in building a more equitable society. AAT events will also spotlight Financial Literacy for All, the best-selling book by Mr. Bryant, which explores critical solutions for creating widespread economic prosperity.

“Operation HOPE is exactly the kind of forward-thinking partner our community needs,” said Mayor Randall Woodfin of Birmingham. “Financial literacy is the foundation of economic success, and I am excited that Birmingham is part of this impactful movement.”

“Money won’t solve everything, but I believe increasing financial literacy can go a long way in improving outcomes for our citizens,” said Montgomery Mayor Steven Reed.  “We want to improve the financial health of families and individuals in a manner that leads to long-term economic success. Our partnership with Operation HOPE is key to achieving this goal.”

With financial inclusion at its core, Operation HOPE is determined to ensure that every event participant leaves inspired, with a deeper understanding of budgeting, investing, homeownership, and credit management— all of which are key pillars to building generation wealth.

About the American Aspiration Tour
The American Aspiration Tour (AAT) is a multi-city event designed to increase financial literacy across the United States. This tour, led by Operation HOPE, will empower individuals and communities through financial education, with the ultimate goal of enhancing economic mobility and closing the wealth gap. AAT includes a series of meaningful conversations with leaders across the nation. It will also serve as a platform to highlight “Financial Literacy for All,” the latest book by Operation HOPE founder, John Hope Bryant. Visit https://operationhope.org/american-aspiration-tour/ for more info.

About HOPE UPLIFT
UPLIFT, an acronym for ‘Understanding, Promoting, and Leveraging Financial Tools,’ embodies Operation HOPE’s commitment to equipping individuals and communities with the knowledge and resources needed to achieve financial well-being. Through a series of engaging events hosted by HOPE and other dedicated local partners, such as the US Small Business Administration, UPLIFT aims to introduce and educate communities about its ongoing programs nationwide.

About Operation HOPE, Inc.
Since 1992, Operation HOPE has tirelessly pursued its mission of advancing economic empowerment and opportunity across America. Through innovative programs like HOPE Inside, recognized by American Banker magazine, the organization has impacted over 4 million individuals and facilitated nearly $4 billion in economic activity in underserved communities. Its initiatives have transformed lives by transitioning check-cashing customers to banking, renters to homeowners, and minimum wage workers to living wage earners. Recently honored with Fast Company’s World Changing Ideas Award and maintaining a top 4-star charity rating from Charity Navigator, Operation HOPE remains steadfast in its commitment to transparency, accountability, and driving entrepreneurship. Join the organization in leveling the economic playing field through The 1865 Project. Learn more at OperationHOPE.org and join the conversation on social media at @operationHOPE.

Contacts:
Kevin Boucher, for AAT
kevin.boucher@operationhope.org

Lance Triggs, for HOPE UPLIFT
lance.triggs@operationhope.org

Lalohni Campbell, Operation HOPE
LA@persemediagroup.com
(404) 593-7145

View original content to download multimedia:https://www.prnewswire.com/news-releases/operation-hope-lands-in-alabama-to-help-boost-financial-literacy-and-empower-communities-across-the-state-302266170.html

SOURCE Operation HOPE, Inc.

Continue Reading

Technology

USPACE Technology Group Announces Board Changes and Adopts New Company Logo

Published

on

By

Appoint AICTO General Director H.E. Mohamed Ben Amor as Executive Director and Chairman of the Board

Mr. Sun Fengquan Transitions to Honorary Chairman and Remains as CEO

Enhance the Global Representation of the Board and Seize the Opportunities in the Global Aerospace Market

HONG KONG, Oct. 3, 2024 /PRNewswire/ — USPACE Technology Group Limited (“USPACE ” or “the Group”; Stock Code: 1725.HK) announces that with effect from 2 October 2024, the Group has appointed H.E. Mohamed Ben Amor, general director of the Arab Information and Communications Technologies Organization(AICTO), as executive Director and chairman of the Board. Following Mr. Sun Fengquan’s resignation as executive Director and chairman of the Board, Mr. Sun has been appointed as the honorary chairman of the Company and remains as Chief Executive Officer. The Group has also appointed Mr. Boris Tadić, a former President of Serbia, as independent non-executive Director. These changes optimize the Board structure, enhance corporate governance, and facilitate the Group’s international business development. Additionally, the Group has adopted a new company logo, refreshing its corporate image and marking a new phase of development.

USPACE said both the Group’s newly appointed executive Director and chairman of the Board, H.E. Ben Amor, and independent non-executive Director, Mr. Tadić, possess extensive experience and expertise in the aerospace sector. Their global vision and extensive networks are expected to significantly enhance the Group’s international competitiveness, facilitating the expansion of its global cooperation network and enabling it to better capitalize on development opportunities in the global aerospace market.

H.E. Ben Amor obtained his Master’s degree in International Project Management and Human Resources from the National Conservatory of Arts and Crafts, Paris, in 2011. H.E. Ben Amor has more than 10 years of experience in project management, technical operations, telecommunications and ICT development and policy, and ICT infrastructure development. H.E. Ben Amor is currently the general director of the Arab Information and Communication Technologies Organization (AICTO), a specialized Arab governmental organization working under the aegis of the Arab League which aims to promote development of ICT in the Arab region, a position he held since 2016. From 2011 to 2015, H.E. Ben Amor was Special Advisor to the Minister of the Tunisia Ministry of Information and Communication Technologies, where he was in charge of the International Cooperation Bureau. Prior to the above, H.E. Ben Amor held various positions in the Tunisia Telecommunications Research and Studies Agency for over 10 years, he last held the position of Director General from 2009 to 2011.

Mr. Tadić received an Honorary Doctorate from Dimitrie Cantemir Christian University in 2009. Mr. Tadić was formerly the President of Serbia from 2004 to 2012. Prior to that he served as the Minister of Defense of Serbia and Montenegro from 2003 to 2004 and the Minister of Telecommunications of Serbia and Montenegro from 2000 to 2003.

The changes to the Group’s Board of Directors include that with effect from 2 October 2024, Professor Guo Huadong has resigned from his office of non-executive Director, Dr. Mazlan Binti Othman has resigned from her office of non-executive Director, and Professor Wang Jianyu has resigned from his office of independent non-executive Director. Each of Professor Guo, Dr. Othman and Professor Wang has confirmed that he/she has no disagreement with the Board and that there is no matter in relation to their respective resignation that needs to be brought to the attention of the Stock Exchange.

USPACE’s globalization strategy continues to make substantial progress. The Company is gradually building a complete aerospace ecosystem, while innovating and creating core satellite products.

— End —

About USPACE Technology Group Limited (USPACE)

USPACE Technology Group Limited (USPACE) is headquartered in Dubai, United Arab Emirates and Hong Kong, China. The Company is committed to using outer space technology and application services to promote the sustainable development of the Earth and the progress of human society, aiming to become a leading provider of outer space technology and Earth application services.

The Group focuses on satellite manufacturing as the core of its business development, building an integrated commercial aerospace ecosystem, including satellite component manufacturing, precision electronics manufacturing, satellite data applications, satellite measurement and control, satellite launches, and the operation and management of the Abu Dhabi Space Eco City in the United Arab Emirates.

For further information, please visit https://www.uspace.com/

or contact: 

iPR Ogilvy Limited
Callis LauLorraine Luk
Tel: (852) 2136 6952 / 2169 0467
Fax: (852) 3170 6606
Email: callis.lau@iprogilvy.com / lorraine.luk@iprogilvy.com

Logo – https://mma.prnewswire.com/media/2521917/4947673/UPSPACE_Logo.jpg

 

 

View original content:https://www.prnewswire.co.uk/news-releases/uspace-technology-group-announces-board-changes-and-adopts-new-company-logo-302265836.html

Continue Reading

Technology

Tabs Continues Rapid Product Development with Official Launch of Intelligent Collections

Published

on

By

Tabs, the market leader in Revenue Automation, announced the release of Intelligent Collections, a feature designed to help B2B companies manage unpaid invoices, prioritize collections, and improve cash flow visibility, to address the unique challenges of managing receivables in high-growth environments.

NEW YORK, Oct. 2, 2024 /PRNewswire-PRWeb/ — Tabs, the market leader in Revenue Automation, today announced the release of Intelligent Collections, a feature designed to help B2B companies manage unpaid invoices, prioritize collections, and improve cash flow visibility. The release addresses the unique challenges of managing receivables in high-growth environments.

“The platform takes away the burden of recurring invoices, including custom partner invoices, and aging reports,” says Neha Narkhede, Co-Founder & CEO of Oscilar, a leading provider of cutting-edge risk technology solutions to fintechs and financial institutions.

Intelligent Collections reimagines Finance by bringing it the first Kanban intuitive interface that centralizes all aspects of collections. CFOs can now easily:

Prioritize unpaid invoices: Tabs’ dashboard allows users to filter and sort invoices by due date, customer, or amount, enabling finance leaders to focus their efforts on high-priority accounts. By removing the need for manual tracking through spreadsheets or fragmented tools, finance teams can ensure no invoices fall through the cracks.Send automated reminders: With customizable settings, Tabs enables users to send tailored reminder emails directly from the platform. These reminders can be scheduled based on pre-set intervals, eliminating manual follow-up and improving the likelihood of prompt payments.Track customer payments: Real-time payment tracking ensures users have an up-to-date view of which customers have made payments, allowing them to act quickly on any payment discrepancies.

In addition to its core functionality, the Collections Workflows feature also provides valuable insights by comparing current invoices against historical data, helping finance leaders identify trends in customer payment behavior. This historical perspective can be instrumental in predicting cash flow, spotting recurring late payments, and adjusting collection strategies.

Beyond Intelligent Collections, Tabs has recently launched a suite of additional enhancements aimed at further streamlining revenue operations for growing B2B companies. The updates include:

Renewal AI: Leveraging AI to manage contract renewals, this feature helps finance teams automatically track critical contract dates and identify upsell opportunities by flagging escalation clauses or contract value increases.Revenue Reporting: Beyond recognizing revenue in accordance with ASC 606, Tabs also launched ARR reporting. This helps finance teams get a sense of their overall business health. Further enhancements to reporting include time series analysis to visualize revenue and ARR trends by customer and category.Credit Card Fees Automation: Allow you the option to pass through credit card fees to invoices, enabling companies to pass fees directly to customers while offering flexible payment options.

Each of these features is designed to complement Tabs’ broader mission of providing a fully unified platform for revenue management. From billing and collections to contract renewals, Tabs ensures that all revenue processes can be automated and managed within a single system, eliminating the need for fragmented point solutions.

Streamlining Receivables for B2B Companies

Tabs’ Revenue Automation platform is built with the unique needs of SaaS startups in mind. As companies scale, managing revenue processes becomes increasingly complex, particularly as they deal with larger customer bases, more frequent renewals, and a growing volume of invoices. Tabs offers CFOs and finance teams a streamlined solution that automates these critical processes, enabling them to focus on strategic growth rather than manual administrative tasks.

“The platform takes away the burden of recurring invoices, including custom partner invoices, and aging reports,” says Neha Narkhede, Co-Founder & CEO of Oscilar, a leading provider of cutting-edge risk technology solutions to fintechs and financial institutions. “The Tabs’ product release velocity has gone unmatched these last few months since coming out of stealth. The team continues to make their vision for revenue automation a reality by churning out high impact features on a weekly basis.”

About Tabs

Tabs is a leader in Revenue Automation, offering an integrated platform that helps SaaS companies manage their revenue processes from contract signing to cash collection. By automating collections, billing, revenue recognition, and renewals, Tabs empowers finance teams to optimize cash flow and focus on business growth.

Media Contact

Andre Fuochi, Tabs, 1 469-394-7274, andre@tabsplatform.com, https://tabs.inc

View original content to download multimedia:https://www.prweb.com/releases/tabs-continues-rapid-product-development-with-official-launch-of-intelligent-collections-302266165.html

SOURCE Tabs

Continue Reading

Trending