Technology

CloudMoyo Selects Kabir Sheikh as General Manager in APAC Expansion

Published

2 weeks ago

November 7, 2024

BELLEVUE, Wash., Nov. 7, 2024 /PRNewswire/ — CloudMoyo announces Kabir Sheikh as General Manager – Solutions Sales & Client Engagement, APAC. With strategic plans to expand into the Asia-Pacific (APAC) region, Sheikh brings invaluable expertise in driving CloudMoyo’s mission of growth and innovation forward.

According to a report by the IMF, growth has remained resilient and in 2023, contributed to nearly 2/3 of global growth.

APAC is a steadily growing economy. According to the Regional Economic Outlook report by the International Monetary Fund, growth has remained resilient and in 2023, contributed to nearly two-thirds of global growth.

An award-winning digital engineering firm, CloudMoyo provides contract intelligence, digital, and artificial intelligence solutions to customers across diverse industries for a variety of leaders in the procurement, supplier management, and legal spheres, to name a few. Their teams have decades of expertise in Microsoft, Snowflake, and Icertis solutions, as well as building a portfolio of generative AI solutions like CloudMoyo Intelligent Legacy Migration and CloudMoyo Document Analyze – a tailored software to accelerate time to value with existing contracts, documents, and data.

Kabir Sheikh joins the CloudMoyo team with 20+ years of experience working across the IT industry, including Deloitte, SAP, Accenture, and Infosys. He has held versatile roles in cloud innovation, strategy & GTM, sales & business development, partner channel & alliances, customer success, and delivery & consulting.

“We’re excited to continue CloudMoyo’s global expansion, bringing our innovative contract intelligence, digital, and AI solutions to companies in the APAC region,” says Manish Kedia, co-founder and CEO of CloudMoyo. “The addition of Kabir Sheikh will help accelerate our growth and continue building excellent B2B relationships with new and existing customers.”

At CloudMoyo, Kabir Sheikh will be responsible in leading solution sales and client engagement across Asia-Pacific. He’ll play a key role in developing and establishing CloudMoyo’s practice in the APAC region.

Kabir Sheikh will continue to strengthen CloudMoyo’s long-standing partnership with Icertis. “Contract intelligence continues to fuel rapid growth in APAC by enabling businesses to optimize spending, capture greater value, and scale more efficiently leveraging AI and contract data. Icertis and CloudMoyo partner to deliver these strategic outcomes for joint customers, and we look forward to transforming business relationships for even more enterprises across the region,” says Neeraj Athalye, VP & Head – APAC & US Growth Market at Icertis.

CloudMoyo consistently delivers results for their customers. For five years, they’ve ranked Seattle Business Magazine’s Top Places to Work. In 2024, they earned the Highest Delivery NPS – Partner of the Year at the Icertis Partner Summit with an NPS score of 73. They also earned the 2021 Icertis Partner of the Year Award, reflecting their collaborative approach to building tailored solutions.

Media Contact

Joy Bartolome, Senior Marketing Executive

joy.bartolome@cloudmoyo.com

About CloudMoyo

CloudMoyo is a global digital engineering firm headquartered in Bellevue, WA, with an innovation center in Pune India. We’re at the intersection of cloud and AI for enterprises across manufacturing, technology, retail, transportation, distribution, and more.

We work with various partners to deliver innovative solutions. With Icertis, we utilize our domain expertise to accelerate end-to-end, organization-wide contract intelligence business solutions, empowering our clients in self-governance, automatic risk and compliance monitoring, and AI-based legacy migration, as well as utilizing Icertis ExploreAI in implementations to bring the power of generative AI to contracting. Our partnership with Microsoft allows us to empower our clients in democratizing data, infusing operations with AI, innovating with cloud-native applications, and integrating solutions at litepeed using our CloudMoyo Application-Analytics Framework (CAF). With our Azure expertise, our teams can bring the power of OpenAI to any enterprise application. Our customer-focused approach dedicates SMEs and engineers to create a unique team to serve you.

Trusted by our customers to address their unique business needs, whether strategy and design or implementation, CloudMoyo is fueled by the fast-evolving and innovative world of cloud, data, AI/ML, and digital engineering platforms. We’re determined to continue supporting our customers in transforming with resilience and thriving despite the challenging macroeconomic outlook ahead. Our track record includes developing enterprise solutions for a variety of clients, including several Fortune 1000 companies.

As a reflection of our FORTE values, CloudMoyo was honored as the Icertis Partner of the Year – Forte Values in 2021. They were also awarded the 2024 Highest Delivery NPS Award at the 2024 Icertis Partner Summit. CloudMoyo is recognized by Seattle Business Magazine as a “Top Company to Work For” for the fifth consecutive year, ranking again on the prestigious list for 2023.

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SOURCE CloudMoyo

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

2 hours ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

6 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

6 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

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