Digiday awards Best Publisher Platform to Sophi.io, a suite of artificial intelligence-powered automation, optimization and prediction tools developed by The Globe and Mail
TORONTO, June 29 (Bernama-GLOBE NEWSWIRE) -- Sophi.io, The Globe and Mail’s artificial intelligence-based automation and prediction engine, won the 2021 Digiday Media Award for Best Publisher Platform, which recognizes technology that is most successful in helping publishers achieve their goals. “AI is an essential technology for helping publishers add authentic value to stories — extending their measure of success beyond page views and virality. For example, Sophi is able to provide data on how much each article on The Globe and Mail contributes to subscriber retention, acquisition, registration potential and advertising dollars. Additionally, to effectively deploy machine learning, around 10% of The Globe and Mail’s workforce is now data scientists and engineers, hired to develop Sophi and grow the strategy even further,” Digiday said. The awards honour companies, technologies and campaigns that have stood out throughout the media over the past year. “This year, the competition was fierce and the programs robust. Innovation and big ideas expanded the playing field for many of the winners, even in a year when quarantines limited where and how people could work — and play,” according to Digiday. Phillip Crawley, Publisher and CEO of The Globe and Mail, commented: “It’s an honour to be chosen as the winner of Digiday’s Media Award for Best Publisher Platform. We aren’t often up against companies in both the media and marketing industries but our investments in Sophi have been driven by the understanding that our technology can directly drive performance and economic growth for companies across a large range of industries.” The other finalists in the Best Publisher Platform category were: Piano, Connatix, Insticator, Duration Media and Adapex LLC. Sophi is an artificial-intelligence system that helps publishers identify and leverage their most valuable content. It has powerful predictive capabilities – using natural language processing, Sophi Dynamic Paywall is a fully dynamic, real-time, personalized paywall engine that analyses both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone. Sophi Site Automation autonomously curates digital content to find and promote the most valuable articles. It places 99% of the content on all of The Globe and Mail’s digital pages, including its homepage and section pages. Sophi has been so successful that it is now being used for print laydown as well. Sophi is available to publishers across the globe to enable their content producers to focus on creating the best content possible. Earlier this month, Sophi won the 2021 International News Media Association (INMA) Global Media Awards for Best in Show in North America and Best Use of Data to Automate or Personalize. Sophi has also won the Online Journalism Award (OJA) for Technical Innovation in the Service of Digital Journalism, handed out by the Online News Association (ONA), and both the World Digital Media Award and the North American Digital Media Award awarded by The World Association of News Publishers (WAN-IFRA) in the category of Best Digital News Start-up. About Sophi.io Sophi.io (https://www.sophi.io) is a suite of AI-powered optimization and prediction tools that helps content publishers make important strategic and tactical decisions. Sophi solutions range from Sophi Site Automation and Sophi for Paywalls to Sophi Analytics, a decision-support system for content publishers. Sophi is designed to improve the metrics that matter most to any business, such as subscriber retention and acquisition, engagement, recency, frequency and volume. Contact Jamie Rubenovitch Head of Marketing, Sophi.io The Globe and Mail 416-585-3355 [email protected] Source: The Globe and Mail --BERNAMA
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This funding will allow VRChat to grow and empower VRChat’s community
SAN FRANCISCO, June 28 (Bernama-BUSINESS WIRE) -- VRChat, a social virtual reality (VR) platform that allows users to create, publish, and explore virtual worlds with other users around the globe, announced a Series D investment round of $80 million. The round was led by Anthos Capital, alongside participating investors Makers Fund, GFR Fund and others. VRChat is the leading social VR platform with millions of users, hundreds of thousands of worlds and over ten million unique avatars. It’s the top free VR application on both the Steam and Oculus Rift store, with over 40,000 concurrent users. Thanks to the creative freedom of VRChat’s tools, users have turned VRChat into a unique cultural phenomenon, tied closely to internet memes, events and culture. It has also become a virtual hangout for online events and communities. “VRChat hosts a vibrant, creative, and engaged community that has played a critical role in shaping its continued development. We’re excited to work with our investment partners to further grow and empower our community at an accelerated pace,“ says Graham Gaylor, Cofounder and CEO, VRChat. This investment provides VRChat the resources to expedite development of a creator economy where members can earn, an enhanced social discovery system for more meaningful experiences, and expansion to more platforms. These enhancements will contribute to VRChat’s rapid growth and allow more people to access this virtual universe. “We are proud to partner with VRChat as it further revolutionizes social experiences. As the market for virtual reality grows, VRChat is primed for significant expansion and growth as the leading platform for virtual worlds,” says Brian Ames, Managing Director at Anthos Capital. “VRChat's passionate and talented team has been building the most immersive creator-led and community-first platform,” says Jay Chi, Founding Partner at Makers Fund. “At Makers we look for innovative companies with great leaders; we are true believers in VRChat's mission to deliver a user generated VR experience, connecting people around the world and are very excited to continue on the journey with them.” To experience VRChat and join the community visit www.vrchat.com. VRChat is hiring! Visit the careers page to apply. About VRChat Founded in 2014, VRChat offers an immense collection of social VR experiences built by its users. Players can explore, socialize, and create with others from around the world. The platform allows users to personalize their own VR experiences, including custom avatars, worlds, games, hangouts, events, and more. VRChat is available on Steam, Oculus Rift, Oculus Quest, and VIVEPORT, with additional platforms on the way. View source version on businesswire.com: https://www.businesswire.com/news/home/20210625005073/en/ Contact Media inquiries: Jason Camillo, [email protected] & Press Kit Source : VRChat --BERNAMA SYNCHRONOSS TECHNOLOGIES, INC. ANNOUNCES PRICING OF $125 MILLION PUBLIC OFFERING OF SENIOR NOTES28/6/2021 BRIDGEWATER, N.J., June 28 (Bernama-GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of $125 million aggregate principal amount of 8.375% senior notes due 2026, including the exercise in full by the underwriters of the underwriters’ option to purchase an additional $5 million aggregate principal amount of senior notes. The offering is expected to close on or about June 30, 2021, subject to satisfaction of customary closing conditions.
Synchronoss and the senior notes both received a rating of BB- from Egan-Jones Ratings Company, an independent, unaffiliated rating agency. The Company has applied to list the senior notes on the Nasdaq Global Select Market under the symbol “SNCRL” and expects the notes to begin trading within 30 business days of the closing date of the offering, if approved. All of the senior notes in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of common stock and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. B. Riley Securities, Inc. (“BRS”) is acting as the sole book-running manager for the offering. Northland Capital Markets, Aegis Capital Corp. and EF Hutton, division of Benchmark Investments, LLC are acting as lead managers for the offering. Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $100 million of shares of its common stock. In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering. The senior notes described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing [email protected]. This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction. About Synchronoss Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Safe Harbor Statement This release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to statements regarding the closing of the public offering and the anticipated use of the proceeds thereof. These forward-looking statements are subject to a number of risks, including the satisfaction of customary closing conditions related to the public offering and the risk factors set forth from time to time in Synchronoss’ SEC filings, including but not limited to the risks that are described in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections (as applicable) of Synchronoss’ Annual Report on Form 10-K for the year ended December 31, 2020 and Quarterly Report on Form 10-Q for the period ended March 31, 2021, which are on file with the SEC and available on the SEC’s website at www.sec.gov. In addition to the risks described above and in Synchronoss’ other filings with the SEC, other unknown or unpredictable factors also could affect Synchronoss’ results. No forward-looking statements can be guaranteed and actual results may differ materially from such statements. The information in this release is provided only as of the date of this release, and Synchronoss undertakes no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law. Media Diane Rose CCgroup [email protected] Investors Todd Kehrli/Joo-Hun Kim MKR Investor Relations, Inc. [email protected] Source: Synchronoss Technologies, Inc. --BERNAMA KUALA LUMPUR, June 25 (Bernama) -- Synchronoss Technologies Inc (Synchronoss), a global leader and innovator in cloud, messaging and digital products and platforms, announced that the Company intends to offer and sell, subject to market and other conditions, US$100 million of shares of its common stock in an underwritten public offering. (US$1 = RM4.155)
Synchronoss also expects to grant underwriters a 30-day option to purchase up to an additional US$10 million in shares of common stock sold in the offering, at the public offering price, less the underwriting discounts and commissions. There can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering, according to a statement. All shares in the offering are to be sold by Synchronoss, with net proceeds of the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock, expected to be used to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. B. Riley Securities Inc (BRS) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering. Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, US$120 million aggregate principal amount of senior notes due 2026 (the Senior Notes). In addition, B. Riley Principal Investments LLC (BRPI), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase US$75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering. The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on Aug 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering will be filed with the SEC and will be available on the SEC’s web site, while the final terms of the proposed offering will be disclosed in a final prospectus supplement to be filed with the SEC. -- BERNAMA KUALA LUMPUR, June 25 (Bernama) -- Caisse de dépôt et placement du Québec (CDPQ), was recently recognised as one of the best places to work in Singapore for 2021.
The Canada-based global investment group active in major financial markets, private equity, infrastructure, real estate and private debt, received outstanding scores across several aspects of its workplace, including creating an environment that offers support, hospitality, and sense of pride to all the employees. According to a statement, Best Places to Work is an international certification programme, considered the ‘Platinum Standard’ in identifying and recognising top workplaces globally. It provides employers the opportunity to learn more about the engagement and satisfaction of their employees and honour those delivering an outstanding work experience with the highest standards in regards to working conditions. “In our collaborative and high-performing environment, your talent, drive and creativity will contribute to building sustainable businesses – while also having opportunities for stimulating professional development – over the long term,” said Luli Xing, Associate in the Private Equity team. For more information, visit www.bestplacestoworkfor.org. -- BERNAMA |
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