CIO

AWS to Launch an Infrastructure Region in Mexico

Retrieved on: 
Monday, February 26, 2024

Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced plans to launch an AWS infrastructure Region in Mexico by early 2025.

Key Points: 
  • Amazon Web Services (AWS), an Amazon.com, Inc. company (NASDAQ:AMZN), today announced plans to launch an AWS infrastructure Region in Mexico by early 2025.
  • The upcoming AWS Mexico Region is the latest in AWS’s ongoing investments in Mexico to provide customers with advanced and secure cloud technologies.
  • With today’s announcement, AWS has plans to launch 15 more Availability Zones and five more AWS Regions in Malaysia, Mexico, New Zealand, Thailand, and the AWS European Sovereign Cloud.
  • AWS expanded its infrastructure footprint in Mexico again in 2023 with the launch of AWS Local Zones in Queretaro.

CI Financial Reports Financial Results for the Fourth Quarter of 2023

Retrieved on: 
Friday, February 23, 2024

Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.

Key Points: 
  • Month-end USD/CAD exchange rates of 1.3250, 1.3582, 1.3248, 1.3515, and 1.3540 for December 2023, September 2023, June 2023, March 2023, and December 2022, respectively.
  • Fourth quarter net loss attributable to shareholders was $63.5 million compared to a net loss of $12.4 million in the third quarter of 2023.
  • Fourth quarter total net revenues increased 16.1% to $715.6 million in the quarter from $616.5 million in the third quarter of 2023.
  • Fourth quarter total expenses increased 26.5% to $753.7 million in the quarter from $595.9 million in the third quarter of 2023.

Pennymac Promotes Senior Executives and Invests in its Servicing and Digital Future

Retrieved on: 
Tuesday, March 5, 2024

Meanwhile, Mr. Hogan will take over for Lior Ofir as Chief Information Officer, who departed from Pennymac to pursue other opportunities.

Key Points: 
  • Meanwhile, Mr. Hogan will take over for Lior Ofir as Chief Information Officer, who departed from Pennymac to pursue other opportunities.
  • “Jim’s dynamic leadership, talent and strategic acumen position him to lead Pennymac into a new era of technological advancement and ingenuity,” said David Spector, Chairman and CEO at Pennymac.
  • Lior has been with us since the beginning and his strategic leadership has allowed Pennymac to differentiate itself through significant technological innovations.
  • “Pennymac is committed to leading the charge of digital transformation and continuously evolving to meet the ever-changing needs of our customers and partners,” said Jim Follette, Chief Digital Officer at Pennymac.

Valkyrie Launches 2x Leveraged Bitcoin Futures ETF, Offering Investors a Way to Gain Exposure to Bitcoin’s Price Action

Retrieved on: 
Thursday, February 22, 2024

Valkyrie Investments Inc. (“Valkyrie”), a specialized digital asset investment management company, is excited to announce the launch of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX)(the “Fund”), which is advised by Valkyrie’s registered investment adviser subsidiary, Valkyrie Funds LLC .

Key Points: 
  • Valkyrie Investments Inc. (“Valkyrie”), a specialized digital asset investment management company, is excited to announce the launch of Valkyrie Bitcoin Futures Leveraged Strategy ETF (NASDAQ: BTFX)(the “Fund”), which is advised by Valkyrie’s registered investment adviser subsidiary, Valkyrie Funds LLC .
  • The Fund is a leveraged Bitcoin futures ETF that seeks to provide daily investment results, before fees and expenses, that corresponds generally to two-times the daily performance of the S&P CME Bitcoin Futures Index (USD) Excess Return (Ticker: SPBTCFUE)(the “Index”), for a single day, not for any other period, primarily through its investments in Bitcoin futures contracts.
  • The launch of BTFX comes after Valkyrie’s successful launch of Valkyrie Bitcoin Fund (Nasdaq: BRRR), a spot Bitcoin exchange traded product which provides investors with direct, unleveraged exposure to Bitcoin.
  • “The launch of BTFX represents our commitment to bringing investors innovative options for accessing Bitcoin and the digital asset ecosystem as a whole,” said Leah Wald, CEO of Valkyrie.

Hooters of America, LLC Selects PAR Technology to Redefine Excellence in Table Service

Retrieved on: 
Wednesday, February 21, 2024

As an existing customer of PAR’s leading loyalty solution, PAR Punchh® , Hooters sought to expand its existing tech stack with a proven partner.

Key Points: 
  • As an existing customer of PAR’s leading loyalty solution, PAR Punchh® , Hooters sought to expand its existing tech stack with a proven partner.
  • PAR Data Central’s Inventory Module offers Hooters a single source of truth for all its data to help elevate table service by improving inventory accuracy, reducing food waste and lowering food costs.
  • "The Hooters team has loved working with PAR because its technology matches our company vision and where we believe the restaurant industry is heading," said Jeff Caplan , CIO of Hooters.
  • Hooters showcases the adaptability of PAR's products for various restaurant formats, including enterprise-level establishments with a strong emphasis on table service.

The Root Group Grows 379% in A Single Year

Retrieved on: 
Tuesday, February 20, 2024

The Root Group, the official user group for Rootstock Manufacturing ERP, today celebrates a year of extraordinary achievement and growth.

Key Points: 
  • The Root Group, the official user group for Rootstock Manufacturing ERP, today celebrates a year of extraordinary achievement and growth.
  • "More than just an increase in members, we’ve seen deep user engagement,” said Chad Wright , CIO at Boston Dynamics and chairman of The Root Group .
  • The Root Group has served as the voice of the customer, and we at Rootstock continue to provide complete support for the group and its member-driven goals.
  • Our goal is to ensure every member finds value and support in The Root Group .

Round13 Digital Asset Fund (DAF) Posts Over 40% Gains Since Inception Amid Turbulent Crypto Market

Retrieved on: 
Tuesday, February 20, 2024

Round13 Digital Asset Fund (DAF), Canada's only crypto native fund with a unique open-ended structure, today announced gains in excess of 40% since its launch in April 2022, amid a challenging market environment.

Key Points: 
  • Round13 Digital Asset Fund (DAF), Canada's only crypto native fund with a unique open-ended structure, today announced gains in excess of 40% since its launch in April 2022, amid a challenging market environment.
  • Its portfolio companies span several key segments of the crypto market including AI, gaming and Metaverse, identity, and infrastructure.
  • Round13 DAF is a dedicated fund which invests in the emerging blockchain and digital asset market.
  • “Our bullish forecast for the market is that over the next two years, BTC will be a $150,000+ asset and ETH will be a $10,000+ asset.”

Most Enterprises Will Begin to Address Customer Experience Visibility by 2027, ISG Expert Says

Retrieved on: 
Tuesday, February 20, 2024

Two-thirds of organizations will begin to streamline analytics, performance and customer data integration efforts by 2027 for better visibility into customer experience and to boost customer loyalty and value, says an expert with leading global technology research and advisory firm Information Services Group ( ISG ) (Nasdaq: III ) and chair of an upcoming ISG event.

Key Points: 
  • Two-thirds of organizations will begin to streamline analytics, performance and customer data integration efforts by 2027 for better visibility into customer experience and to boost customer loyalty and value, says an expert with leading global technology research and advisory firm Information Services Group ( ISG ) (Nasdaq: III ) and chair of an upcoming ISG event.
  • “Customer engagement has often been viewed as a costly necessity that needs to be contained, when, in reality, customer experiences have a direct impact on revenue,” said Keith Dawson, ISG research director and chair of the upcoming ISG Xperience Summit.
  • “AI has already established itself as a powerful presence in the customer experience.
  • By 2025, our research finds seven in 10 customer service interactions will be some combination of automated conversational self-service and live agents.

Supply & Demand Chain Executive names Nulogy CEO Jason Tham as 2024 Pros to Know Award winner for Lifetime Achievement

Retrieved on: 
Friday, March 8, 2024

TORONTO, March 8, 2024 /PRNewswire/ - Nulogy , a leading provider of supply chain collaboration solutions, is excited to announce today that CEO Jason Tham has been named a Supply & Demand Chain Executive 2024 Pros to Know winner for the Lifetime Achievement category.

Key Points: 
  • TORONTO, March 8, 2024 /PRNewswire/ - Nulogy , a leading provider of supply chain collaboration solutions, is excited to announce today that CEO Jason Tham has been named a Supply & Demand Chain Executive 2024 Pros to Know winner for the Lifetime Achievement category.
  • As an innovative, forward-thinking industry leader, Tham has been invited to speak at conferences such as McKinsey's Supply Chain Executive Academy, Gartner's Supply Chain Conference and the BGSA Supply Chain Conference, and contributes his expertise to the Foundation for Supply Chain Solutions (F4SS) and the Contract Packaging and Manufacturing Association (CPA).
  • They've spent the last year (and more) creating safer, more efficient supply chains," says Marina Mayer, editor-in-chief of Food Logistics and Supply & Demand Chain Executive.
  • Go to www.SDCExec.com/awards to learn more about other Supply & Demand Chain Executive awards.

Providence and Microsoft Enable AI Innovation at Scale to Improve the Future of Care

Retrieved on: 
Friday, March 8, 2024

BURLINGTON, Mass., March 8, 2024 /PRNewswire/ -- Nuance Communications, Inc., a Microsoft Company, and Providence, a not-for-profit health system serving the Western U.S., have announced that the organizations are working to accelerate AI innovation at scale, propel in-house solutions development, advance clinical research and spur further collaborations between health systems and healthcare IT vendors.

Key Points: 
  • "Microsoft and Nuance's unparalleled expertise, depth of AI applications, and scale enables us to uplevel our innovation, with each organization bringing tremendous value to the partnership," said BJ Moore, Executive Vice President and CIO at Providence.
  • The Azure-based cloud platform also helps expand secure, privacy-protected data access to accelerate the development and adoption of AI solutions at scale across the industry.
  • Providence has been piloting Copilot for Microsoft 365, providing employees with real-time intelligent assistance to enhance productivity and creativity across key Microsoft 365 apps.
  • The Nuance and Microsoft healthcare solutions are built on a foundation of trust and Microsoft's Responsible AI principles .