Technology

HGC Advances Shared Vision in Southeast Asia, Achieves Milestone Data Center Interconnect Launch in the Philippines

Published

9 hours ago

November 26, 2024

HONG KONG and MANILA, Philippines, Nov. 26, 2024 /PRNewswire/ — HGC Global Communications Limited (“HGC” or “the Company”), a full-fledged Global Telco and ICT service provider, unveils a new Data Center Interconnect (“DCI”) solution which connects eight data centers in the Philippines as part of its overall vision to build digital infrastructure as a shared network philosophy in Southeast Asia (“SEA”). HGC DCI’s recently held launch ceremony was graced by the Philippines’ Department of Information and Communications Technology (DICT) Secretary Ivan John E. Uy as the guest of honor alongside international and local telecommunications companies, and corporate leaders.

HGC launched its shared network philosophy model with the initiation of a shared backbone network construction across the Philippines for the Telcos’ shared use in 2020. This innovative approach aimed to lower costs and enhance service levels. The groundbreaking digital infrastructure built on Horizontal Directional Drilling (HDD) technology, a top international standard for fiber cut protection, ensures a more reliable and uninterrupted connectivity.

The launch of DCI service comes in response to the growing demands for data center-to-data center connectivity from the region into the Philippines, and growing cloud and content hosting to the data centers. The surge is seen by the Company as closely tied to the emerging trend in advanced technologies such as AI and cybersecurity, underscoring the critical importance of their development of digital economy and social advancement in the Philippines. HGC continues steadfast in its dedication to support the Philippines’ digital transformation.

A key feature of the DCI service is the establishment of direct data center-to-data center connectivity with no other nodes in-between, resulting in lowest latency and eliminating additional points of failure. HGC Philippines’ Premium DCI service offers a fast and reliable express route between data centers, ensuring smooth data transfers with minimal latency. The DCI also continuous the model of shared network infra for telcos to interconnect and lower their cost of investment and enjoy the access for their service portfolio enhancement.

This DCI cluster is poised to connect with HGC DCI clusters in Hong Kong (China), Singapore, Malaysia, Thailand on single connected network and will be expanded to include more Southeast Asian countries to accommodate the latest technology trends. This expansion will significantly bolster digital capabilities in the Philippines to elevate its status as an emerging international network hub.

HGC joins forces with esteemed partners to revolutionize its DCI service. Strategically co-located within the Philippines’ major data center alongside Digital Edge, Digital Halo, STT GDC Philippines, Total Information Management, VITRO Inc., this collaboration ensures close proximity to both valued customers and strategic partners, setting the stage for unparalleled connectivity and innovation.

Andrew Kwok, Chief Executive Officer of HGC, expresses his optimism for the DCI launch in the Philippines. “We are excited to announce our launch in the Philippines, coinciding with the country’s significant digital transformation initiatives. HGC has been dedicated to expanding in SEA, with a strong focus on deepening our presence in the Philippines over the past few years. We are committed to investing in the Philippines, recognizing it as a rapidly growing hub in the global landscape and as demand for stable connectivity increases, driven by a heavy reliance on advanced technology. HGC will enhance our connectivity offerings to strengthen connection between the Philippines and other key regions, such as Hong Kong and Singapore. We will continue to invest in telecommunications infrastructure and advance AI-powered ICT services to boost digital capabilities across various sectors in the Philippines for their digital advancements.”

Michael De Castro, First Vice President – In-Country Project Investment of International Business of HGC and President of DWIC, echoes Andrew’s positive outlook for this development. “HGC is looking forward to establish a superior DCI service in the Philippines that will cater to the growing need for premium and reliable data center-to-data center connectivity and deliver real time and high-speed traffic in the rapidly digitalizing region. Our service is backed by reputable partners and customers who believe in the strong capability of the group as proven by its international success. We are excited to bring innovative ICT solutions in the Philippines and to strengthen our presence as a key enabler in the country’s digital ecosystem”.

About HGC Global Communications Limited

HGC Global Communications Limited (HGC) is a leading Hong Kong and international telecom operator and ICT solution provider. The company owns an extensive network and infrastructure in Hong Kong and overseas and provides various kinds of services. HGC has 21 global offices and staff presence in 33 cities worldwide. It provides telecom infrastructure service to other operators and serves as a service provider to corporate and households. The company provides full-fledged telecom, data center services, ICT solutions and broadband services for local, overseas, corporate, SME and mass markets. HGC owns and operates an extensive fibre-optic network, five cross-border telecom routes integrated into tier-one telecom operators in mainland China and connects with hundreds of world-class international telecom operators. The company is committed to further investing and enriching its current infrastructure and, in parallel, adding on top the latest technologies and developing its infrastructure services and solutions. In 2019, HGC Group completed the acquisition of Macroview Telecom Limited (Macroview), a leading digital technology solution and managed services provider. The addition of Macroview further accelerates HGC Group’s digital transformation path and positioning as a pioneering ICT and digital services leader. HGC is a portfolio company of I Squared Capital, an independent global infrastructure investment manager focusing on energy, utilities, transport, social infrastructure, digital infrastructure, and environmental infrastructure in North America, Europe, Latin America and Asia.

To learn more, please visit HGC’s website at: www.hgc.com.hk

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SOURCE HGC Global Communications Limited

Technology

Human-I-T Launches Digital Beats & Skills Workshop for Detroit Youth

Published

12 minutes ago

November 26, 2024

Ft Local Detroit Lions Producer P.L. aka Terry Fox

DETROIT, Nov. 25, 2024 /PRNewswire/ — Human-I-T, a nonprofit at the forefront of bridging the digital divide, is launching the dynamic Digital Beats & Skills Workshop. This transformative program will equip local youth with the tools and inspiration to explore careers in the music industry, igniting their potential and amplifying Detroit’s rich musical legacy.

The inaugural workshop, held at Human-I-T’s Digital Equity Center on 7 Mile on Wednesday, December 4 from 5:00 – 7:00 PM invites youth ages 13-19 to learn from legendary producer, P.L. aka Terry Fox, whose work has been featured on FOX Sports, NBC’s NBA broadcasts, and the NFL Network’s “Gameday” theme. P.L. will share his career-defining techniques, offering a rare opportunity for aspiring young musicians.

“As a leader in digital equity, our mission is to create as many opportunities as possible for the Detroit metro area. The Digital Beats and Skills Workshop is just the beginning of initiatives designed to spark creativity and open doors to new career pathways for children and young adults. By equipping young minds with the tools to think creatively, we hope to inspire the next generation of artists, innovators, and musicians to emerge from Detroit,” reported Graeme Jackson, Marketing and Content Manager at Human-I-T.

Programming will be curated by Class Act Detroit, a non-profit known for empowering youth through music and arts education; the workshop will challenge and engage all attendees. Executive Director Rashad Dobbins, whose work has been featured in projects like The Walking Dead and The Hunger Games: Mockingjay, aims to foster a sense of community and future growth through hip-hop.

The workshop curriculum includes:

Introduction to Beat MakingOverview of Hip-Hop ProductionHistory and Impact of Detroit Hip-Hop

Human-I-T will provide all attendees with their own free Apple Ipad tablets and music production software, ensuring they have the tech tools to continue their journey in music creation. With limited spots available, the workshop is expected to fill quickly.

View original content to download multimedia:https://www.prnewswire.com/news-releases/human-i-t-launches-digital-beats–skills-workshop-for-detroit-youth-302316612.html

SOURCE Human-I-T

Technology

Dye & Durham Announces CEO Succession Plan

Published

12 minutes ago

November 26, 2024

Matthew Proud to step down as CEO after transition periodComprehensive CEO selection process will be initiated to identify a successorBoard and management team will continue to execute on Dye & Durham’s Value Creation Plan

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) board of directors (the “Board”) today announced that Matthew Proud has decided to step down from his role as Chief Executive Officer of the Company. Mr. Proud will remain in his role for approximately three months or until the Board-led search for his successor is completed. The Board is grateful to Mr. Proud for his contributions and his ongoing support as Dye & Durham transitions to new leadership and a new era of growth for the Company. Under Mr. Proud’s leadership, Dye & Durham has grown from a small regional single product company with an enterprise value of approximately $4 million, to a global legal technology leader worth over $2.56 billion in enterprise value.

“On behalf of the Company and the entire Dye & Durham Board, I would like to thank Matt for his invaluable contributions to the Company,” said Colleen Moorehead, Chair of the Board. “Since becoming CEO of our predecessor company in 2014, Matt’s leadership has been instrumental in Dye & Durham’s exceptional growth and position in the legal technology market, navigating the Company through its successful IPO and the completion of multiple, value-accretive acquisitions and partnerships to date. We look forward to working collaboratively with Matt and the senior leadership team during this interim period, ensuring a smooth transition, and continuing to execute on our Value Creation Plan.”

“I am incredibly proud of the Company we have built together, and I would like to thank the outstanding Dye & Durham team, the Board, and our partners for their support. The senior leadership team is focused and energized and will provide continuity through and following the succession transition,” said Mr. Proud. “Over the past several years, we have grown Dye & Durham into a remarkable, global SaaS legal tech business that has revolutionized the legal software industry. We have strategically and deliberately expanded our solutions suite, geographical presence and customer base since founding, and now through our Unity global platform we offer law firms everything they need to run their practice in a central location. With Dye & Durham well-positioned for a new era of growth, I believe that this is the best time to evolve our leadership to a new CEO who will inspire our next stage of growth and keep our momentum going. I plan to remain a stakeholder and advocate for Dye & Durham.”

Dye & Durham provides premier practice management solutions and vital data insights software that supports critical risk management decisions empowering legal professionals every day. The Company remains committed to executing on its recently published ‘Value Creation Plan’ to continue driving sustainable long-term value for all stakeholders. Details on the Value Creation Plan can be found in the Investors section of the Company’s website and on SEDAR+ under the Company’s profile at www.sedarplus.ca.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

Technology

Dye & Durham Releases Letter to Shareholders and Files Management Information Circular Ahead of Upcoming Annual Meeting

Published

12 minutes ago

November 26, 2024

Dye & Durham’s highly qualified Board and management team are focused on driving value for all stakeholders Engine Capital threatens to disrupt the Company’s progress, opposes the consideration of strategic alternatives, and would destroy shareholder value if its nominees are electedDue to postal disruption, shareholders encouraged to contact Carson Proxy if they require assistance in voting or to receive replacement proxy materialsBoard urges Dye & Durham shareholders to vote FOR all of Dye & Durham’s nominees on the GOLD Proxy or GOLD VIF to protect and maximize shareholder value

TORONTO, Nov. 26, 2024 /CNW/ – Dye & Durham Limited (“Dye & Durham” or the “Company”) (TSX: DND) today announced that it has issued a Letter to Shareholders (the “Letter”) and filed its Management Information Circular (the “Circular”) with the Canadian Securities Administrators on SEDAR+ under the Company’s profile at www.sedarplus.ca in connection with the Company’s 2024 annual and special meeting of shareholders (the “Annual Meeting”) scheduled for December 17, 2024. The Letter and Circular are also available on the company’s website.

Due to the Canadian postal disruption, shareholders are encouraged to contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com, for assistance in voting their shares, or to obtain replacement proxy materials.

These materials provide compelling, important information on the business of the Annual Meeting, including Dye & Durham’s board of directors (the “Board”), as well as related matters such as voting procedures, how to attend the Annual Meeting, details on the Company’s strong track record of value creation and why Dye & Durham’s director nominees are best positioned to continue the Company’s track record of outperformance. Shareholders are urged to vote the GOLD proxy or GOLD VIF for the renewed Board to sustain Dye & Durham’s momentum and continue driving extraordinary, compounded value for shareholders.

The Letter and Circular also detail Engine Capital LP’s (together with affiliates, “Engine”) campaign to disrupt the Company’s progress, opposition to the consideration of strategic alternatives, its zero-premium takeover attempt, its track record of poor capital allocation, and its reckless plan to displace the Board and the management team. In addition, the Board details why it believes that the election of Engine’s poorly qualified nominees and the pursuit of Engine’s agenda will be value destructive for shareholders.

The Company encourages you to vote your GOLD proxy or GOLD VIF FOR each of Dye & Durham’s director nominees well before the proxy deadline on December 13, 2024 at 10:30 a.m. (Toronto time). If you have any questions or need help voting your shares, please contact Carson Proxy at 1-800-530-5189, text 416-751-2066, or email info@carsonproxy.com.

Advisors

Dye & Durham has retained Goldman Sachs, as its strategic advisor, Goodmans LLP and Groia & Company as its legal advisors, Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors, and Carson Proxy as its proxy solicitor.

About Dye & Durham Limited

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

SOURCE Dye & Durham Limited