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(BUSINESS WIRE) -- FourQuest Energy Inc. has acquired privately owned Dubai, UAE-based Caley Energy FZCO. Founded in 2014 by Charlie Topp, Caley Energy FZCO is a leading provider of specialist equipment and personnel to the major service providers of the process and pipeline industry throughout the Middle East, Africa, and Caspian region.

“We are very pleased to be acquiring Caley Energy FZCO as we continue to expand our services in strategic global markets,” said Nik Grgic, President of FourQuest Energy Inc. “Having previously operated in these markets with many of the same personnel, we’re excited to be back providing our world-class engineering and industry-leading field execution throughout the oil, gas, petrochemical, and power industries.”

Derek Grimley, Director of Caley Energy, has been appointed the Regional Manager for the newly formed Middle East, Africa, and Caspian region of FourQuest Energy, said, “We are very proud t ... Read more »

(BUSINESS WIRE)--Intelligent power management company Eaton today announced its Vehicle Group is offering its array of customizable low-voltage electrical components that fulfill growing power and control requirements for off-highway applications, including the construction and agriculture industries. Eaton’s low-voltage product portfolio will be on display at the CONEXPO-CON/AGG construction trade show March 14-18 in Las Vegas.

“There are stair-step requirements to reduce nitrogen oxides and particulates in the commercial vehicle space and it is expected the off-highway segment will have to adhere to similar regulations in the near future,” said Craig Pytel, product manager, Vehicle Controls and Wireless, Eaton’s eMobility business. “Manufacturers are striving to electrify all aspects of vehicles and are in various stages of the technology curve. Eaton’s low-voltage products are rugged and able to withstand harsh environments, making them ... Read more »

NEW YORK & BANGALORE, India - Tuesday, 28. February 2023

The new model sharpens focus on strategic growth areas: cloud, enterprise technology and business transformation, engineering, and consulting

(BUSINESS WIRE)--Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading technology services and consulting company, today announced four strategic global business lines (GBLs) to deepen alignment to clients’ evolving business needs and capitalize on emerging opportunities in high-growth segments of the market.

Under the new model, Wipro will now deliver capabilities to clients through four GBLs organized around cloud, enterprise technology and business transformation, engineering, and consulting. The new model reflects the company’s continued pivot toward strategic bet areas and its focus on leveraging the power of ‘One Wipro’ to deliver on clients’ entire spectrum of business and technology transformation goals. The change ... Read more »

Video software company Milestone Systems celebrated its 25th anniversary this month. The Danish-based company was founded in 1998 by engineers John Blem and Henrik Friborg Jacobsen. The pair started the business from a basement and had 80,000 DKK (roughly €10,000 - 38,000+ AED) in seed funding. Today, Milestone generates an annual turnover of over 1 billion DKK (523 billion AED) and employs more than 1,200 people around the world.

The first version of XProtect® – Milestone’s open-platform video management software and core product – was sold in 2002 to an end user in Canada. Since then, Milestone’s technology has been deployed in more than 500,000 installations through a network of distributors and resellers. The technology is used by a variety of end users, from airports to hospitals to tourist attractions. It can be integrated with the vast majority of cameras and other devices.

Modern video software

From 2003, Milestone exp ... Read more »

(BUSINESS WIRE) -- On March 1, Huawei held a "Digital Leadership Seminar" during Mobile World Congress (MWC) 2023 in Barcelona, Spain, attended by more than 60 high-level customers from global carriers, government enterprises, and KOL. Professors from HEC, ESCP business school, and leading carriers shared insights on digital transformation leadership and exploring the path to success. Huawei successfully linked global wisdom to the pursuit of digital transformation, making this seminar a significant milestone in its efforts to drive digital progress.

Mr. Bill Tang, President of Huawei Global Technical Service Dept (GTS), delivered an opening speech.

Mr. Bill Tang said, "Digital transformation is a comprehensive and structured organizational process that necessitates enterprise leaders to be proactive and develop strategic plans based on technology and business trends. Leadership is essential in driving digital transformation within organizations. Drawi ... Read more »

ITASCA, Ill. - Thursday, 02. March 2023 AETOSWire Print 

Supply chain solutions leader’s new downtown Seoul facility will collaborate closely with life sciences logistics teams worldwide

(BUSINESS WIRE) -- Global freight forwarder AIT Worldwide Logistics is proud to announce its debut facility in the world's 10th largest economy with the opening of the company's Seoul location, the first of several planned AIT offices in South Korea.

According to AIT’s Senior Vice President, Asia, Wilson Lee, expanding AIT’s footprint to South Korea builds upon the company’s existing reputation in the nation for pharmaceutical shipping excellence.

"The strategic decision to open offices in South Korea is the culmination of years of experience successfully serving AIT customers shipping in this region,” Lee said. “It’s also a natural fit for our continued growth plans in not only the life sciences marke ... Read more »

LOS ANGELES - Friday, 03. March 2023 AETOSWire Print 

New version of InvestCloud White is an FMB+ solution, integrating technology and investment operations for front, middle and back office

(BUSINESS WIRE)--InvestCloud, the global leader in digital transformation for the financial industry with over $6 trillion in assets, has today announced the release of the next evolution of InvestCloud White, called InvestCloud White FMB+. The new product offering includes integrated front, middle and back-office InvestCloud solutions, plus simple multi-channel wealth management services to provide comprehensive tools to advisors and other wealth managers.

The front-to-back InvestCloud solution marks InvestCloud’s continued investment to support greater operational efficiency and simplify the complexity of business as usual for wealth management clients. FMB+ includes the best of InvestCloud’s apps for client communication, planning, trading and accounti ... Read more »

LAS VEGAS - Friday, 03. March 2023

 

New suite of professional services delivered by highly specialized team of global experts for Oracle, SAP and Salesforce systems

(BUSINESS WIRE) -- Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products, and a Salesforce partner, announced the launch of ... Read more »

AWS Region will enable customers to run workloads and securely store data in Malaysia while serving end users with even lower latency

New Region reflects AWS’s commitment to meeting high demand for cloud services in Malaysia and across Southeast Asia

AWS plans to invest $6 billion (approx. MYR 25.5 billion) in Malaysia by 2037

(BUSINESS WIRE) -- Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced plans to launch an AWS infrastructure Region in Malaysia. The new AWS Region will give developers, startups, entrepreneurs, and enterprises, as well as government, education, and nonprofit organizations, greater choice for running their applications and serving end users from data centers located in Malaysia. As part of its commitment to the region, AWS is planning to invest $6 billion (approx. MYR 25.5 billion) in Malaysia by 2037. For more information about AWS Global Infrastructure, visit aws.amazon.com/about-aws/global-infr ... Read more »

WASHINGTON - Friday, 03. March 2023 AETOSWire

EIG’s Breakwater Energy acquires stake for $4.8 billion

(BUSINESS WIRE) -- EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced the completion of its acquisition of a 25% interest in Repsol Upstream, a newly-formed, gas-weighted exploration & production company comprising Repsol’s entire global upstream oil and gas business.

Breakwater Energy, a wholly owned subsidiary of EIG, acquired the 25% interest in Repsol Upstream for total consideration of approximately $4.8 billion, including debt, with Repsol holding the remaining 75%.

Repsol Upstream owns and operates Repsol’s globally diversified portfolio of upstream assets, comprising more than 600,000 boe/d of production and operations in 15 countries, including the United States. The portfolio generates significant free cash flow that should support a meaningful dividend, while also mai ... Read more »

(BUSINESS WIRE) -- During MWC23 in Barcelona, Huawei and leading Saudi Arabian telecommunications operator Zain KSA signed a strategic cooperation Memorandum of Understanding (MoU) for "5.5G City" joint innovation project. The MoU was signed during MWC23 held in Barcelona from February 27 to March 2.

Under the MoU, both parties will work together to promote technological innovation for 5.5G evolution and expand scalable offerings to individual, enterprise, and government customers. Additionally, they will strengthen the digital infrastructure and build a global 5.5G evolution pioneer network, providing a strong engine to achieve the national digitalization goals outlined in Saudi Vision 2030.

Zain KSA and Huawei will collaborate to enhance technological innovation, improve user experience, and develop new use cases. The collaboration will involve providing a seamless gigabit experience in both indoor and outdoor scenarios through the large-scale deployment ... Read more »

DALLAS - Friday, 03. March 2023 AETOSWire 

(BUSINESS WIRE) -- Iconic beauty and entrepreneurship company Mary Kay Inc. recently announced the appointment of James Whatley as Chief Information Officer. In his new role, Whatley will champion Mary Kay’s digital innovation efforts, including revolutionizing Mary Kay Independent Beauty Consultants’ ability to unleash their full potential through tools and technology.

“Through the development of digital technology, tools, and applications, we’re improving not only the experience for the independent sales force, but for their customers around the world,” said Deborah Gibbins, Chief Operating Officer at Mary Kay Inc. “James is a change champion. He understands how to equip the independent sales force to compete—and provide exceptional service—in our always-on, always-connected world. We’re excited to see how his passion for innovation will transform our digita ... Read more »

(BUSINESS WIRE)--Z Capital Group, L.L.C. ("ZCG") today announced it has signed as a Team Partner to Scuderia Ferrari for the 2023 season. Through this partnership, ZCG’s logo will appear on the SF-23 livery starting at the Bahrain Grand Prix, the first round of the 2023 Formula 1 World Championship.

“ZCG shares Scuderia Ferrari’s steadfast commitment to innovation and excellence,” said James Zenni, Founder, President and Chief Executive Officer of ZCG. “This is a unique opportunity to partner with one of the sport’s most iconic brands and to engage with millions of fans and Formula 1 enthusiasts around the world. Ferrari has been a central player throughout Formula 1’s long and storied history. We are thrilled to support the team as it enters the 2023 season in pursuit of its record 17th championship.”

“Operating at the highest level in the world of motorsport we are always looking for partners who share ... Read more »

HILLSBORO, Ore. - Friday, 03. March 2023

Industry-leading media server will support unique call handling requirements in Kontron Transportation's mission-critical product suite

(BUSINESS WIRE)--Radisys® Corporation, a global leader of open telecom solutions, announced that Kontron Transportation, a global leading supplier of dedicated end-to-end communication solutions for mission-critical networks, has selected Radisys’ Engage Media Server to complement its in-house mission critical (MCX) product suite. The Radisys solution provides a comprehensive and seamless media management capability that will streamline Kontron Transportation’s operations and drive efficiency while ensuring secure and reliable audio transmission between railway dispatchers and train operators.

Radisys’ Engage Media Server will support unique call handling requirements for Kontron Transportation, delivering software that is compatible with the Kontron Transport ... Read more »

(BUSINESS WIRE) -- Sports company PUMA kicked off the 2023 Formula 1 season with a special panel discussion to celebrate its legacy in Motorsport culture and discuss the importance of innovations in racewear production. It was the first of a series of events to mark PUMA’s 75th anniversary. Founded in 1948, PUMA has been at the forefront of innovation throughout its history, pushing the boundaries of what is possible in performance, functionality, and design. PUMA's rich history in motorsport dates back to 2001, when JORDAN GRAND PRIX became the first Formula 1 racing team that PUMA supplied with both footwear and clothing. Since then, PUMA has collaborated with some of the biggest names in the sport, including Michael Schumacher and Lewis Hamilton, and produced the best product for the best teams like Mercedes-AMG Petronas F1, Scuderia Ferrari and Red Bull Racing. The panel talk was held in Bahrain on March 1 and was moderated by Noemi de Miguel, a sports journalist and television p ... Read more »

 (BUSINESS WIRE) -- Sports company PUMA has redesigned its legendary KING football boot by introducing its new K-BETTER™ technology to deliver exceptional performance without kangaroo leather.

The PUMA KING has been worn by legendary players such as Johan Cruyff, Diego Maradona, Eusébio, Lothar Matthäus and Pelé, who dominated international football for decades. Now the KING is returning to the pitch supercharged with the latest PUMA technology and for the first time ever made with K-BETTER™, a completely new, non-animal based upper material. The upper contains at least 20% recycled material as a step toward a better future.

K-BETTER™ has proven to outperform the previous KING K-Leather in testing for touch, comfort, and durability. PUMA is so convinced by the performance characteristics of K-BETTER™ that it will stop producing football boots with kangaroo leather altogether this year.

“The PUMA KING is PUMA’s most ico ... Read more »