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NSEIT Technology Business Rebrands as NuSummit, Ushering in a New Era of Global Innovation

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NuSummit holds strong expertise in business modernization for the BFSI sector, besides other industries, using AI, data, applications, cloud and cybersecurity solutions.

MUMBAI, India, Dec. 19, 2024 /PRNewswire/ — A leading technology solutions provider NSEIT today announced the rebranding of its technology business to NuSummit, marking a transformative milestone in the company’s evolution as a strategic services provider with deep domain expertise. NuSummit, backed by leading global alternative investment firm Investcorp, aims to establish itself as a modern, global technology powerhouse committed to driving digital transformation across the BFSI sector and other industries.

This rebranding is part of a journey that began with the National Stock Exchange’s (NSE) divestment of NSEIT’s technology business to Investcorp in April 2024. The transaction excludes the digital examinations business that is also housed inside NSEIT. The launch of NuSummit will lay out the foundation for a powerful, unified brand with strengths in advanced cybersecurity, cloud transformation, app modernization, AI and data-driven solutions. Aujas Cybersecurity, an acquisition by NSEIT specializing in providing end-to-end cybersecurity services and solutions across industries, will now operate as ‘A NuSummit Company’.

Announcing the brand’s new identity, Mr Anantharaman Sreenivasan, Managing Director & Group Chief Executive Officer, NuSummit, said, “NuSummit symbolizes our commitment to helping clients achieve their peak potential. We are not just rebranding; we are reimagining how technology can orchestrate meaningful and measurable outcomes that empower businesses to meet and capitalize on the opportunities presented by the digital and AI-driven business landscape. With a strong focus on cybersecurity, we ensure that businesses remain secure while advancing their digital transformation. Backed by Investcorp’s strategic vision and resources, NuSummit is now positioned to enter new geographies and industries. We aspire to be the strategic technology partner for companies worldwide, trusted for delivering business-critical services and solutions. Our customers can rely on us to deliver future-ready, thorough, and robust systems and processes that enhance efficiency and scalability.”

Mr Varun Laul, Partner at Investcorp, added, “We are pleased to be NuSummit’s partner in their ambitious goals to unlock transformative value through technology. NuSummit is uniquely positioned in the market with its cutting-edge solutions. We will be closely working with the NuSummit team as they explore newer geographies offering innovative and tailored solutions to modernize their IT landscapes, with a focus on tangible business outcomes.”

NuSummit is a leading provider of advanced digital transformation and cybersecurity services across industries. Its core focus is on global customers in capital markets, insurance, and banking. NSEIT has a strong presence in India, North America, and the Middle East.

Over the next five years, NuSummit aims to be the partner of choice, particularly for BFSI organizations that aim to leverage technology as a business differentiator by adopting AI-led modernization and digital transformation, and zero-trust cybersecurity.

About NuSummit 

As NuSummit, we’ve solidified our position as a premier provider of cutting-edge digital transformation and cybersecurity solutions. With a global clientele spanning capital markets, insurance, banking, and other industries, we’re proud to partner with over 300 businesses, including 22 Fortune 500 and 5 Fortune 50 clients. Our strong track record, recognized by numerous technology and culture awards, is a testament to our commitment to excellence. Backed by Investcorp, our team of dedicated professionals empowers organizations to orchestrate outcomes that help navigate the complex digital landscape with confidence.

About Investcorp 

Investcorp is a global investment manager, specializing in alternative investments across private equity, real estate, credit, absolute return strategies, GP stakes, infrastructure, and insurance asset management. Since our inception in 1982, we have focused on generating attractive returns for our clients while creating long-term value in our investee companies and for our shareholders as a prudent and responsible investor.

Investcorp has today 14 offices across the US, Europe, GCC, and Asia, including India, China, Japan, and Singapore. Currently, Investcorp Group has over $52 billion in total AUM, including assets managed by third-party managers, and employs approximately 500 people from 50 nationalities globally across its offices.

For further information, visit www.investcorp.com and follow us @Investcorp on LinkedIn, Twitter and Instagram.

For more information, please visit nusummit.com

Logo: https://mma.prnewswire.com/media/2585009/NuSummit_Logo.jpg

 

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Management change at X-CAGO: Ingo Kästner takes over the reins

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December 19, 2024

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BERLIN and ROERMOND, Netherlands, Dec. 19, 2024 /PRNewswire/ — On 1 January, Ingo Kästner, Managing Director of PMG Presse-Monitor, will also take over the management of X-CAGO. The Dutch company is a leading international specialist for data and content conversion in the international publishing industry. The previous Managing Director and founder, Koos Hussem, will be taking his well-deserved retirement at the turn of the year, but will continue to be available to the company with his expertise.

Ingo Kästner has headed PMG Presse-Monitor since 2019. He played a leading role in initiating the acquisition of X-CAGO in 2021. Since then, he has been responsible for the Dutch company’s business together with Koos Hussem.

Olivera Kipcic, Chairwoman of the PMG shareholders’ meeting and shareholder representative of Frankfurter Allgemeine Zeitung, emphasises:

“Ingo Kästner is an accomplished manager and expert in digital content marketing. In recent years, he has created new opportunities to successfully market high-quality content digitally. Under his leadership, PMG and X-CAGO have become a strong strategic unit. His takeover of the management is the next logical step in continuing this success story.”

Ingo Kästner bids Koos Hussem farewell with the following words: “I would like to thank Koos warmly for the trusting collaboration over the last few years. With his commitment and vision, he has made X-CAGO one of the most sought-after providers of content management and data conversion since it was founded in 2000. It is an honour for me to continue on this successful path.

Together with his first-class team, we will continue to expand X-CAGO’s role as a technical pioneer and offer content producers worldwide perfect solutions for successful digital marketing.”

About PMG Presse-Monitor GmbH & Co. KG and X-CAGO B.V.

With the largest daily updated press database in the German-speaking world, PMG Presse-Monitor GmbH & Co. KG is a leading provider of digital media monitoring, press review creation and media analysis.

PMG markets the content and rights of around 900 newspaper and magazine publishers. Of over 4,000 print and online sources, around 3,000 are available digitally in the PMG press database. The company supplies over 5,000 customers from companies, associations, public institutions, media monitoring services and PR agencies from its base in Berlin.

Founded in 2001, PMG is a joint venture of German newspaper and magazine publishers with the shareholders Axel Springer, Frankfurter Allgemeine Zeitung, Gruner + Jahr, Handelsblatt Media Group, Hubert Burda Media, Spiegel-Verlag, Süddeutsche Zeitung as well as the Bundesverband Digitalpublisher und Zeitungsverleger and the Medienverband der freien Presse.

In 2021, PMG is taking a major step towards becoming a central data hub for content publishers with the acquisition of Dutch data converter X-CAGO B.V. The company is internationally successful in converting and standardising a wide variety of content formats. ArchiveExpress, X-CAGO’s digital archive solution, is used by publishers worldwide as a distribution platform for their content.

– Picture is available at AP –

Press contact
PMG Presse-Monitor GmbH & Co. KG
Roger Dormeier
Marketing | Kommunikation | PR
roger.dormeier@presse-monitor.de 

 

View original content:https://www.prnewswire.co.uk/news-releases/management-change-at-x-cago-ingo-kastner-takes-over-the-reins-302336178.html

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Togetherwork acquires PetExec, expanding its industry leading footprint in serving pet care businesses with quality software and payments solutions

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14 minutes ago

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December 19, 2024

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Togetherwork, the leader in software and payments for pet care businesses, is excited to announce the acquisition of PetExec software, a leading solution for pet care businesses to streamline daily operations, CRM, and booking.

ATLANTA, Dec. 19, 2024 /PRNewswire-PRWeb/ — Togetherwork, the leader in software and payments for pet care businesses, is excited to announce the acquisition of PetExec software, a leading solution for pet care businesses to streamline daily operations, CRM, and booking.

“I’m very excited to announce that PetExec has joined the Togetherwork family,” said Togetherwork Chief Product Officer, Ken McDonald.

As a provider of cloud-based software for pet businesses, PetExec has a history of helping its customers manage and grow their businesses. With this acquisition Togetherwork is deepening its presence and commitment to the pet care industry by adding PetExec to its family of products serving pet care businesses.

PetExec will join Gingr and Revelation Pets in Togetherwork’s pet care product offering, which serves over 7,000 customers. The PetExec team will continue to operate and support PetExec customers, while enabling Togetherwork to offer additional compelling software and payments solutions to the entire pet care community.

“I’m very excited to announce that PetExec has joined the Togetherwork family,” said Togetherwork Chief Product Officer, Ken McDonald. “The entire PetExec team shares our passion for pet business owners and the software that enables them, and we couldn’t be more pleased to bring the Gingr and PetExec teams together. We believe that this acquisition will help us provide even better products, solutions, support, and innovation to all our customers.”

About PetExec
PetExec was founded in 2006 and has grown to serve a multitude of pet care business including doggie daycares, pet boarding facilities, groomers, and dog trainers. PetExec empowers you to streamline daily operations, customer relationship management, and booking with industry-leading tools and support from our experts at every step, so you can focus on your business, your clients, and, of course, your pets.

About Togetherwork
Togetherwork is a leader in group engagement software and financial tools for organizations of all kinds, helping them grow, become more efficient, increase revenues, and provide excellent service to their members and customers. Togetherwork focuses on customized solutions that address the specific needs of various industries, associations, and interest groups. By leveraging technology, collaboration, and a passion for community-building, we provide advanced digital and mobile platforms designed for your unique use cases and evolving requirements. Togetherwork has more than 700 employees and is a portfolio company of GI Partners.

Media Contact

Jacob Fabbri, Togetherwork, 202-803-5199, jfabbri@togetherwork.com, www.Togetherwork.com

View original content:https://www.prweb.com/releases/togetherwork-acquires-petexec-expanding-its-industry-leading-footprint-in-serving-pet-care-businesses-with-quality-software-and-payments-solutions-302335963.html

SOURCE Togetherwork

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OLEDWorks’ Second-Generation Atala OLED Lighting is Now Available for Vehicle Integration

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14 minutes ago

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December 19, 2024

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OLEDWorks Unveils Digital OLED 2.0 Technology from the Atala Brand, Elevating Innovative Design and Communication Solutions

ROCHESTER, N.Y., Dec. 19, 2024 /PRNewswire-PRWeb/ — OLEDWorks, the global leader in automotive organic light emitting diode (OLED) technology, is pleased to announce the market release of digital OLED 2.0 technology, the second generation of automotive-certified OLED lighting by OLEDWorks’ automotive brand Atala. This advanced technology is now available for vehicle manufacturers and Tier 1 suppliers.

The launch of Digital 2.0 technology opens up a new realm of possibilities, redefining how design and communication integrate seamlessly in lighting solutions.

Redefining Automotive Communication and Design

Building upon the foundation of first-generation Atala technology, digital OLED 2.0 significantly enhances functionality, flexibility, and customization to meet the ever-changing demands of the automotive industry.

With an increased number of individually controlled segments—ranging from 10 to a maximum of 128—digital OLED 2.0 delivers unparalleled functionality and performance. Increasing the number of digitally controlled segmentation enables brand-differentiating design capabilities, and crisp symbology for Vehicle-to-Everything (V2X) communication.

Unmatched Design Flexibility

Digital OLED 2.0 panels offer full customization to meet the unique needs of automotive manufacturers. Customers can tailor the panel’s shape, size, segmentation count, and style to integrate into their current lamp designs, or create a new, unique light language for their vehicles. Additionally, the technology supports further design elevation through crisply defined brand-specific imagery and logos.

One of the most innovative features of the technology is its ability to create hidden images and symbols through adjustable gaps between segments. These images remain invisible until illuminated, unlocking new creative possibilities for designers and delivering a distinctive aesthetic edge.

The first vehicle to include digital OLED 2.0 technology is the Audi Q6 e-tron, which was released in 2024 and contains six taillight panels with 60 individually controlled segments each.

“The release of digital OLED 2.0 technology is something we have eagerly anticipated,” said John Rubens, Vice President of Strategy & Partnerships at OLEDWorks. “With this technology, our customers have more design freedom than ever before with the added dynamic functionality capabilities for advanced V2X communication, and the same reliability and performance that they have come to expect from Atala products.”

Future-Ready Automotive Innovation

By combining advanced functionality with bold design capabilities, digital OLED 2.0 represents a transformative step forward. This OLED technology empowers automakers to enhance safety, communication, and branding, by capturing driver attention more effectively and conveying clear messages for enhanced road safety, driving the industry into an exciting new era of innovation.

Visit the Atala by OLEDWorks booth at CES 2025 from January 7-10, 2025, at Booth #4466 in the West Hall of the Las Vegas Convention Center where OLEDWorks will showcase their most advanced lighting technology, and digital OLED 2.0 in the Audi SQ6 e-tron.

About OLEDWorks

OLEDWorks is the global leader in the development and production of automotive qualified organic light-emitting diode (OLED) technology. Its Atala product line offers the brightest, most reliable, and longest lasting automotive OLED lighting on the road today. Meticulously crafted to meet the needs of designers and engineers, Atala enables unparalleled design freedom with ultra-thin, flexible, and highly segmented OLED lighting. From the size and shape of segments and panels to dynamic display-like animations and symbology for superior communication, Atala can be customized to match any design vision. Elevate your brand and personalize the human experience with automotive OLED technology that seamlessly blends aesthetics with functionality.

Atala OLED lighting solutions combine American and German innovation and engineering to meet and exceed automotive industry standards. Founded in 2010, OLEDWorks is headquartered in Rochester, NY, and has a prestigious manufacturing facility in Aachen, Germany. OLEDWorks’ state-of-the-art manufacturing facility is IATF 16949 and ISO 9001, 14001, 45001 certified with full traceability via a factory MES system.

To learn more about Atala OLED technology, visit http://www.atala.oledworks.com. Learn more about OLEDWorks, the company behind the technology, at http://www.oledworks.com.

Media Contact

Kathleen Miller, OLEDWorks, 3392229303, kmiller@oledworks.com, www.oledworks.com

View original content to download multimedia:https://www.prweb.com/releases/oledworks-second-generation-atala-oled-lighting-is-now-available-for-vehicle-integration-302335953.html

SOURCE OLEDWorks

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