SANTA CLARA, Calif. , Nov. 18, 2024 /PRNewswire/ — Tuya Inc. (“Tuya”) (NYSE: TUYA; HKEX: 2391), a global leading cloud platform service provider, today announced that a definitive agreement has been entered into in respect of a strategic investment by 65 Equity Partners through its purchase of an approximate 13% of Tuya’s total issued shares from New Enterprise Associates (“NEA”).

65 Equity Partners is an independently managed wholly-owned investment platform of Temasek dedicated to supporting founders in their growth journey. The firm focuses on investing in family-owned and entrepreneur-led businesses in Southeast Asia, Europe and the United States across the technology, business services, consumer, industrials and healthcare sectors.

Tan Chong Lee, CEO of 65 Equity Partners said: “This investment via the Anchor Fund aligns strategically with our mandate of supporting high quality businesses seeking a listing on the SGX. We are pleased to support Tuya in its next phase of growth.” Karan Saraf of 65 Equity Partners added: “Tuya is the global leader in the smart solution developer ecosystem, with a highly differentiated competitive positioning across smart cloud-based software and device solutions. We are thrilled to be part of Tuya’s exciting journey where its strong leadership, brand and ethos of innovation have attracted a highly diverse global customer base.”

Jerry Wang, Founder and CEO of Tuya, stated: “We are delighted to welcome 65 Equity Partners as a significant shareholder of Tuya. This investment reflects their confidence in our vision to capture growing international markets as the key enabler of global AIoT, intelligent devices, commercial and industry applications, by empowering over one million developers worldwide with our unique cloud platform. The Asia-Pacific region, particularly Southeast Asia, represents an enormous opportunity for us as it is a fast-growing emerging market. We believe the investment from 65 Equity Partners aligns seamlessly with our international expansion strategy and offers possibilities for a future additional listing on the SGX, which will further enhance Tuya’s presence in the global capital markets. We also deeply appreciate NEA’s support throughout our journey and value their continued role as an important shareholder of Tuya.”

“NEA is proud to have been a key stakeholder in Tuya since its founding in 2014”, said Carmen Chang, Partner and Head of Asia at NEA. “We are pleased to remain a significant shareholder as the company continues to execute on its strategic priorities.”

For more information, visit the Tuya Investor Relations website.

About New Enterprise Associates (NEA)

New Enterprise Associates, Inc. (NEA) is a global venture capital firm focused on helping entrepreneurs build transformational businesses across multiple stages, sectors and geographies. Founded in 1977, NEA has more than US$25 billion in assets under management as of June 30, 2024 and invests in technology and healthcare companies at all stages in a company’s lifecycle, from seed stage through IPO. The firm’s long track record of investing includes more than 280 portfolio company IPOs and more than 465 mergers and acquisitions. For more information, please visit www.nea.com

About 65 Equity Partners

65 Equity Partners is an independently managed wholly-owned investment platform of Temasek which focuses on providing equity and structured capital solutions to established companies with regional or global aspirations in Southeast Asia, Europe and the United States. In Southeast Asia, 65 Equity Partners invests in leading companies and new economy businesses, ahead of their eventual listing in Singapore, and provides capital solutions to Singapore based local enterprises with fundamentally sound businesses that are well-positioned to scale globally. For more information, please visit www.65equitypartners.com

About Tuya

Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading cloud platform service provider with a mission to build a cloud developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built cloud developer platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, Software-as-a-Service, or SaaS, and smart solutions for developers of smart device, commercial applications, and industries. Through its cloud developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness. For more information, please visit https://ir.tuya.com/overview/default.aspx

Disclosure Information

Tuya uses the https://ir.tuya.com/overview/default.aspx website as a means of disclosing material non-public information and for complying with its disclosure obligations under Regulation FD.

Forward-Looking Statements

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about Tuya’s beliefs, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. In some cases, forward-looking statements can be identified by words or phrases such as “may”, “will”, “expect”, “anticipate”, “target”, “aim”, “estimate”, “intend”, “plan”, “believe”, “potential”, “continue”, “is/are likely to” or other similar expressions. Further information regarding these and other risks, uncertainties or factors is included in Tuya’s filings with the SEC. The forward-looking statements included in this press release are only made as of the date hereof, and Tuya disclaims any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances, except as required by law. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty.

Investor Relations Contact 

Tuya Inc.
Investor Relations Email: ir@tuya.com 

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SOURCE Tuya Inc.

OANDA completes broker integration with TradingView across global markets, allowing mutual clients to trade with OANDA directly from TradingView charts.

NEW YORK, Nov. 18, 2024 /PRNewswire/ — OANDA, a global leader in online multi-asset trading services, has announced the extension of an existing partnership with TradingView to its OANDA Global Markets division, allowing mutual clients to trade with OANDA directly from TradingView charts.

This milestone completes OANDA’s global integration with TradingView, the world’s largest charting platform and trading social network for traders and investors.

Through this partnership, OANDA’s clients across a range of markets including Taiwan, Thailand, Hong Kong, Malaysia and many more, now have access to over 1700 instruments on TradingView, allowing them to spot, evaluate, and trade opportunities directly through their OANDA account without leaving the TradingView platform.

Commenting on the partnership, Philip Waters, Managing Director, Asia Pacific and Emerging Markets at OANDA, said: “With this final step in OANDA’s comprehensive broker integration with TradingView, we can provide expanded trading options for our clients in a variety of emerging markets. These clients now have the convenience of trading directly from the world’s leading charting platform while taking advantage of OANDA’s best-in-class execution and competitive costs.”

In addition to the TradingView integration, traders serviced by OANDA Global Markets now also have access to a variety of powerful data-led tools, such as the OANDA Order Book and Position Book. The tool consists of open orders and open position information, which shows how OANDA traders are currently positioned in the market, providing valuable insight for developing a strong trading strategy.

For more information about the TradingView integration, please visit the TradingView page on the OANDA website.

About OANDA

Founded in 1996, OANDA is one of the world’s leading online trading groups, offering multi-asset trading, currency data, and analytics to retail and corporate clients around the globe.

From its roots providing free exchange rate data on the Internet to launching a forex trading platform that helped pioneer web-based currency trading, OANDA remains dedicated to building smarter trading experiences.

With regulated entities in many of the world’s most active financial markets, including New York, Toronto, London, Warsaw, Singapore, Tokyo and Sydney, OANDA enables retail clients to trade in a variety of asset classes on an award-winning trading platform. Depending on geographical location, these may include derivatives of global market indices, equities, commodities, treasuries, precious metals, forex, and cryptocurrencies.

For more information visit https://www.oanda.com/group  or follow OANDA on LinkedIn.

About TradingView

TradingView is the world’s most popular charting platform for traders and investors. Powered by global real-time data, TradingView’s market-leading visuals and data analysis software is used by more than 80 million traders.

Visit www.tradingview.com or download the free TradingView mobile apps for iOS and Android to discover over 200 markets right at your fingertips.

Contact: pr@oanda.com 

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SOURCE OANDA

Through a new partnership with Infinigate Cloud, Guardz will help to secure SMBs and support the MSP community across EMEA

MIAMI, Nov. 18, 2024 /PRNewswire/ — Guardz, the cybersecurity company empowering MSPs and IT professionals to deliver comprehensive, AI-powered cyber protection for small businesses (SMBs), today announced its expansion in EMEA to enable MSPs to secure and insure SMBs with its tailor-made, unified cybersecurity platform. Marking a significant partnership in the region, Guardz and Infinigate Cloud, the expert business unit of the Infinigate Group, specializing in secure cloud solutions, have joined forces to make Guardz’s solution available to MSPs across EMEA.

Small businesses represent 99% of all EU businesses – and these companies are highly susceptible to service disruption, reputational damage, revenue loss, and even the permanent shuttering of doors as the result of a cyber-attack. As the backbone of their local economies, these businesses not only require end-to-end cybersecurity protection, but also personnel with the expertise to proactively manage their security stack. With limited resources available to manage this challenge themselves, SMBs often turn to Managed Service Providers (MSPs) to improve their cybersecurity hygiene and manage their IT. These local service providers are crucial to ensure SMBs’ cyber needs are met and that incidents are detected and remediated in a timely manner.

Guardz’s EMEA expansion will offer significant support for the local MSP markets and their customers. MSPs will additionally benefit from Guardz’s variety of MSP-focused initiatives, including its Growth Hub, which supports MSPs in boosting business conversions and success, and its complimentary Community Shield plan, which allows MSPs to strengthen their own cybersecurity posture. The expansion will also be supported by strategic hires, including a regional director in the UK, where Guardz has established a physical presence.

“SMBs are crucial to ensuring the security and smooth operation of services and infrastructure across EMEA and MSPs are a key piece of the puzzle. We are thrilled to be expanding to better protect these businesses through their valued MSP partners,” said Dor Eisner, CEO and Co-Founder of Guardz. “We are also delighted to partner with Infinigate Cloud, combining our cybersecurity prowess with their 25+ years of experience and world-class solutions. We look forward to supporting the local MSP communities as we together fulfill our vision of making the digital world a more secure place for millions of small businesses and the people who rely on them.”

The partnership will make the Guardz solution available to Infinigate Cloud’s extensive network of partners and go-to-market pipeline. The platform will be fully integrated and available from the Infinigate Cloud marketplace to Infinigate channel partners across EMEA. Infinigate Cloud will also support Guardz’ channel growth through complementary professional services – from technical training, market intelligence, professional marketing, and more.

“We are extremely honored to have been chosen as primary Guardz value added distributor in EMEA, as it demonstrates that our unique role as Managed Security Services Distributor fits the go to market strategy of the next generation of cybersecurity vendors who are focusing on the MSP/MSSP segment. We look forward to generating new incremental growth for both Guardz and our 6,000 channel partners, leveraging Guardz’ innovative cybersecurity platform, a great addition to the rapidly growing Infinigate Cloud portfolio of Managed Security Services,” said Denis Ferrand-Ajchenbaum, Chief Growth Officer at the Infinigate Group.

Guardz’s unified, AI-powered platform is purpose-built for MSPs to secure SMBs against ever-evolving threats across users, cloud applications, emails, and devices. Delivering real-time monitoring and remediation, the easy-to-manage Guardz solution enables MSPs to handle more clients efficiently while maintaining continuous and robust security from a single pane of glass.

For more information click here.

About Guardz

Guardz is an AI-powered, Unified Detection and Response platform designed to empower Managed Service Providers (MSPs) to secure and insure small businesses against advanced cyber threats. By protecting critical assets like identities, emails, endpoints, cloud, and sensitive data, Guardz helps businesses strengthen their defenses and thrive in a secure digital landscape.

Media Contact
Allison Grey
allison@headline.media
US: +1 323 283 8176
UK: +44 203 807 4482

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SOURCE Guardz