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Josys Saas Management Secures $100 Million in Venture Debt

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Financing to Fund 10X Acceleration in Development Speed

PALO ALTO, Calif., Oct. 7, 2024 /PRNewswire/ — Josys, the SaaS Management platform that simplifies how IT works, has successfully secured $100 million in venture debt. This latest financing, combined with the $125 million Josys has previously raised, gives the company the strongest financial backing of any SaaS Management company in the world. Today, Josys is announcing plans to make large-scale investments in product development in both its Silicon Valley and Bangalore office locations and expects to increase the speed of development tenfold over the next two years. 

 

This latest financing gives the company the strongest financial backing of any SaaS Management company in the world

Since Josys’ Series B round in September 2023, the company has multiplied revenue by 3X, doubled its customer count in Japan, and successfully expanded globally by gaining customers in the United States, Australia, and Southeast Asia. This new financing positions Josys for its next stage of growth as the leader in SaaS Management, where it aims to serve the needs of enterprises that are struggling with the security and cost challenges that sit at the core of SaaS operations.

Josys is also launching two new services this month to help customers dramatically improve the efficiency and effectiveness of their SaaS Management efforts. In a recent Josys survey, 79% of respondents admitted that their current processes for managing and governing SaaS licenses are too painful. Another 63% mentioned that they are still using spreadsheets as their primary approach for managing all of their SaaS applications. With time-consuming manual processes being the default solution for most organizations, it’s no surprise that 91% of survey respondents confirmed their interest in purchasing a SaaS management solution within the next 18 months.

To ensure the successful implementation and deployment of SaaS Management best practices, Josys is opening the world’s first SaaS Operations Excellence Center to help customers fully realize the value of critical SaaS Management tasks such as shadow IT detection, security optimization, license rationalization, and employee lifecycle management. Josys’ new 10,000 square foot Center is located in Kaihin-Makuhari, Chiba City, just outside of Tokyo and currently staffed by 30 SaaS operations analysts and technicians. With the aim of further developing and scaling its expertise to help customers strengthen their SaaS security posture and reduce IT overhead, Josys plans to expand the team to 100 by the end of 2025.

Josys is also announcing the general availability of its Multi-Tenant Portal, a SaaS Management module that allows centralized IT teams to manage the SaaS ecosystem and security posture of an entire group of companies. This solution is particularly useful for visualizing potentially weak security configurations of M&A targets and overseas subsidiaries, enabling real-time monitoring of shadow IT, privileged account status, and the detection of inactive employee accounts. With the Josys Multi-Tenant Portal, companies can respond swiftly to cross-company SaaS security risks and build a defense system that proactively identifies issues before they become problems.

To learn more about Josys, please visit josys.com or contact us here for more information.

About Josys
Josys is the SaaS Management Platform that simplifies how IT works. Our holistic approach equips IT teams with 360-degree control over their SaaS applications by making it easier to visualize user access, analyze utilization trends, and automate provisioning processes that will make IT operations run more efficiently.

Contact: pr@josys.com

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SOURCE Josys

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ATFX Announces Strategic Investment in Spark Systems to Enhance Institutional Offerings

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23 mins ago

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October 8, 2024

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LONDON, Oct. 8, 2024 /PRNewswire/ — ATFX is pleased to announce its strategic investment in Spark Systems, a next generation, institutional-grade eFX trading platform based in Singapore serving clients in Asia and globally. ATFX is entering into this partnership with Spark Systems via a Series C investment. Spark Systems investors include leading venture capital companies and also global banks including Citibank and HSBC. This partnership is aimed at enhancing ATFX’s institutional services and will explore synergies between both organizations.

The investment in Spark Systems creates opportunities to leverage ATFX Connect liquidity within the platform, this builds on ATFX group’s commitment to enhance its trading infrastructure which is evidenced by previous milestones. These initiatives have positioned ATFX as a leading player in the industry, providing clients with cutting-edge trading solutions and improved market access.

“Investing in Spark Systems aligns with our strategic vision to enhance our institutional offerings and drive innovation in the eFX space,” said Joe Li, Group Chairman at ATFX. “We believe that this will benefit both organisations and provide our clients with improved trading solutions, especially in the Asian region.”

Joo Seng Wong, Founder & CEO of Spark Systems stated, “This collaboration with ATFX represents a significant step forward in our mission to deliver exceptional trading solutions. Together, we will empower ATFX clients with enhanced access to liquidity and offer advanced trading capabilities.”

ATFX looks forward to exploring this partnership further and is committed to building a mutually beneficial relationship with Spark Systems to enhance its market presence in Asia and beyond.

About ATFX

ATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities including the UK’s FCA, Australian ASIC, Cypriot CySEC, UAE’s SCA, Hong Kong SFC and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit ATFX website https://www.atfx.com.

About ATFX Connect

ATFX Connect is a trading name of AT Global Markets (UK) Limited (authorised and regulated by the FCA),  AT Global Markets (Australia) Pty Limited (authorised and regulated by ASIC), and AT Global Financial Services (HK) Limited (authorised and regulated by the SFC). Connect is the Institutional arm of the wider ATFX Group.

ATFX Connect offers Institutional and Professional traders an extensive range of services for both Agency PB and Margin accounts, provides bespoke aggregated liquidity in Spot FX, NDFs, indices, Commodities and Precious Metals to a wide range of institutional clients from hedge funds, Tier 1 global and regional banks, high net worth investors, asset managers, family offices and other brokers. 

ATFX Connect’s liquidity pool is constructed from Tier 1 banks and non-bank providers that it has partnered with, trading in both sweepable and full amount forms. 

Agency PB Clients can connect via direct FIX API, external technology solutions or via our own trading platform. For margin clients, ATFX Connect provides market access via the group’s MT4/MT5 platform and provides a bridge solution for those who wish to connect via FIX API. 

For further information on ATFX, please visit ATFX website https://www.atfxconnect.com.

About Spark Systems

Founded in 2016, Spark Systems builds next generation high speed trading platforms. Spark Systems has developed robust eFX trading platforms and the company is uniquely designed to support both buy-side and sell-side clients. The firm has to date received investments from leading global and regional institutions including Citibank, HSBC, Philips Venture, Vickers Venture, Integra Ventures, FengHe, Jubilee CM, Farquhar Venture Capital, 5X Capital, OSK  etc. Spark Systems is a grant recipient of Monetary Authority of Singapore FSTI grant. Spark Systems focus is on building state of the art trading technology and infrastructure. The company is connected with all global top 20 FX liquidity providers and eFX non-bank hedge funds as well as major primary markets/ECNs. Today Spark Systems already serves leading banks in Asia. This positions the company for sustained and exponential growth in the FX market; the world largest and most liquid marketplace. For further information on Spark Systems, please visit the company’s website www.sparksystems.sg.

View original content:https://www.prnewswire.co.uk/news-releases/atfx-announces-strategic-investment-in-spark-systems-to-enhance-institutional-offerings-302268725.html

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Han’s Robot to Showcase its Innovative Collaborative Robots at Industrial Transformation ASIA-PACIFIC (ITAP) in Singapore

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23 mins ago

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October 8, 2024

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SHENZHEN, China, Oct. 8, 2024 /PRNewswire/ — From October 14-16, Han’s Robot, a leading player in collaborative robotics, will participate in Industrial Transformation ASIA-PACIFIC (ITAP) 2024 at the Singapore EXPO. ITAP is the premier event in the Asia-Pacific region for businesses adopting and scaling Industry 4.0 (I4.0) solutions. Following its successful appearance at the 24th China International Industry Fair in Shanghai, Han’s Robot will further expand its global presence at ITAP with an exhibit at Hall 3, Booth RS11.

Strategic Growth in Southeast Asia

With Singapore being a key regional business hub and a gateway to the ASEAN market, ITAP marks an important step for Han’s Robot in extending its international reach. The company will present its latest robotic innovations, tailored to address the demands of the Southeast Asian market, supported by its strong R&D capabilities.

Key Solutions to be Highlighted at ITAP 2024:

Automated Welding Cobot: Designed with advanced motion control algorithms, Han’s welding cobot offers high precision, stability, and ease of use. It is built to operate in high-temperature welding environments, providing a robust solution for automated welding tasks.

CNC Loading and Unloading Cobot: A notable collaboration with industry partners, this cobot automates the loading and unloading process for CNC machines, improving operational speed by over 30%. Its precision and reliability are designed to optimize manufacturing efficiency.

STAR Mobile Manipulator: This intelligent mobile robot combines a robot arm, mobile robot, vision system, and gripper to perform mobile operations such as material pick and place, handling, assembly, and inspection. Offering strong scalability and cost efficiency, the STAR mobile manipulator is well-suited to support smart manufacturing applications.

Han’s Robot’s exhibit at Hall 3, Booth RS11 will feature these solutions and more. Further details and updates will be shared through the company’s official social media channels throughout ITAP.

About Han’s Robot

Han’s Robot is a high-tech enterprise dedicated to developing, promoting, and applying intelligent robots in industry, healthcare, logistics, services, etc.

For more information about Han’s Robot, please visit:

Website: https://www.hansrobot.net/
LinkedIn: https://www.linkedin.com/company/hansrobot
YouTube: https://www.youtube.com/c/hansrobot
Tiktok: https://www.tiktok.com/@hans_robot

Media Contact

Company Name: Shenzhen Han’s Robot Co., Ltd.
Address: 6/F, Building 3, Han’s Laser Global Intelligent Manufacturing Industry Base,
Bao’an District, Shenzhen City, Guangdong, China
Email: hansrobot_international@hanslaser.com 

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SOURCE Shenzhen Han’s Robot Co., Ltd.

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Sungrow PowerTitan 2.0 Wins the Storage Product Innovation Award at Solar & Storage Live Awards 2024

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23 mins ago

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October 8, 2024

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BIRMINGHAM, UK, Oct. 8, 2024 /PRNewswire/ — Sungrow, the global leading PV inverter and energy storage system provider, is proud to announce that its PowerTitan 2.0 energy storage system has won the Storage Product Innovation Award at the Solar & Storage Live Awards 2024. The event, that held in Birmingham on Tuesday 24th of September, first day of the Solar & Storage Live UK 2024 exhibition, is a premier platform for recognizing advancements in the renewable energy and storage sectors.

The PowerTitan 2.0 is a professional integration of Sungrow’s power electronics, electrochemistry, and power grid support technologies. It stands out due to its groundbreaking innovations, providing an efficient and with the utmost levels of safety energy storage solution. Sungrow recognizes that developing Energy Storage Systems (ESS) is crucial for grid stability, maximizing renewable energy use, and advancing the energy transition towards a sustainable future. To address these needs, Sungrow has introduced the PowerTitan 2.0, a cutting-edge Liquid-Cooled ESS designed for utility-scale projects. The PowerTitan 2.0 features a fully liquid-cooled design and integrated Power Conversion System (PCS) within a standard 20-foot, 5MWh container. Its modular configuration allows for scalable 10MWh systems, overcoming traditional scalability and efficiency challenges while optimizing CAPEX and OPEX.

“We are deeply honored to receive the Storage Product Innovation Award for our PowerTitan 2.0 at Solar & Storage Live 2024,” said Mr. Lewis Jindong Li, President of Sungrow Europe. “This first award for the PowerTitan 2.0 in Europe reflects our commitment to delivering pioneering, efficient, and safe energy storage solutions. Sungrow remains dedicated to supporting the global energy transition while providing unparalleled customer support. We look forward to driving further innovation and along with our partners bridge to a sustainable future.”

Sungrow’s innovative solution has already begun making an impact in Europe. The first units of the PowerTitan 2.0 have been recently delivered to the 100MW/330MWh energy storage project in Bramley of Penso Power’s and BW ESS, while several new contracts have been secured, including a major 230MWh Energy Storage project in Germany by Nofar Energy. These projects highlight the growing demand for advanced energy storage systems that maximize efficiency and minimize operational costs.

For further information on the PowerTitan 2.0 and other cutting-edge energy solutions, visit Sungrow’s official website: 

https://uk.sungrowpower.com/ProductsHome/20?cid=42

About Sungrow

Sungrow, a global leader in renewable energy technology, has pioneered sustainable power solutions for over 27 years. As of June 2024, Sungrow has installed 605 GW of power electronic converters worldwide. The Company is recognized as the world’s No. 1 on PV inverter shipments (S&P Global Commodity Insights) and the most bankable Asian energy storage company (BloombergNEF). Its innovations power clean energy projects in over 170 countries, supported by a network of 490 service outlets guaranteeing excellent customer experience. At Sungrow, we’re committed to bridging to a sustainable future through cutting-edge technology and unparalleled service. For more information, please visit www.sungrowpower.com

Media Contact: Mina Zhang, mina.zhang@cn.sungrowpower.com 

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