Artificial Intelligence
Cann-Is Capital Corp. Provides Update on Qualifying Transaction with CWE European Holdings Inc.
TORONTO, Nov. 11, 2020 (GLOBE NEWSWIRE) — Cann-Is Capital Corp. (“Cann-Is” or the “Corporation”) (TSX-V: NIS.P) is pleased to provide certain updates from its press release dated September 23, 2020 in regards to the Corporation’s proposed qualifying transaction (the “Transaction”) with CWE European Holdings Inc., a company incorporated under the laws of the Province of Alberta (“CWE”), pursuant to which the Corporation will acquire all of the issued and outstanding shares in the capital of CWE. When completed, the Transaction will constitute the Corporation’s Qualifying Transaction, as such term is defined in the policies of the TSX Venture Exchange (the “Exchange”). The Transaction is subject to compliance with all necessary regulatory and other approvals and certain other terms and conditions. The parties executed a binding engagement agreement on September 23, 2020, which was amended on November 4, 2020.
SUMMARY OF THE TRANSACTION
It is currently anticipated that Cann-Is will acquire CWE by way of a three-corner amalgamation, share exchange, plan of arrangement or other similar form of transaction as agreed by the parties to ultimately form the resulting issuer (the “Resulting Issuer”). The final structure of the Transaction is subject to the receipt of tax, corporate and securities law advice for both Cann-Is and CWE. Upon completion of the Transaction, the Resulting Issuer will carry on the business of CWE. The parties have agreed that for the purposes of the Transaction, the valuation of Cann-Is will be $624,266 and CWE will be $3,000,000.
The Transaction is not a Non-Arm’s Length Qualifying Transaction, as such term is defined in the polices of the Exchange and consequently the Transaction will not be subject to approval by Cann-Is’ shareholders.
Cann-Is held a meeting of its shareholders on November 10, 2020 (the “Cann-Is Shareholders Meeting”) in order to pass resolutions approving among other things, (i) the appointment of a new slate of directors and (ii) approving an amendment to the articles of the Corporation to change the name of the Corporation to “HANF Inc.” or to such other name as the board of directors of the Corporation, in its sole discretion, deem appropriate (the “Name Change”). At the Cann-Is Shareholders Meeting, the shareholders approved among other things, the new slate of directors and the Name Change, such changes to take effect upon completion of the Transaction.
Prior to completion of the Transaction and the Financing (as hereinafter defined), the parties have agreed that CWE will complete a 25:1 stock-split (the “Stock Split”). Currently, CWE has 1,000,000 common shares issued and outstanding and no convertible securities issued and outstanding and after effecting the Stock Split, CWE will have 25,000,000 common shares issued and outstanding (the “Post-Split CWE Shares”).
As part of the Transaction, CWE will complete a concurrent financing of a minimum of $1,000,000 to meet the initial listing requirements of the Exchange (the “Financing”). CWE has engaged Florence Wealth Management Inc. (the “Agent”) to act as agent in connection with the Financing and the Agent may appoint a selling group consisting of other co-agents or sub-agents who are registered dealers. The Financing will be comprised of a minimum of 8,333,333 units in the capital of CWE (each a “Unit”) at a price of $0.12 per Unit. Each Unit will be comprised of one (1) Post-Split CWE Share and one (1) Post-Split CWE Share purchase warrant (each a “Warrant”). Each Warrant entitles the holder thereof to acquire one (1) Post-Split CWE Share at a price of $0.25 per Post-Split CWE Share for a period of twenty-four (24) months following the closing of the Financing.
In connection with the Financing, the parties will pay to the Agent a cash commission equal to 10% of the aggregate gross proceeds of the Financing (excluding gross proceeds raised from a president’s list for which the cash commission shall be 2%); and broker warrants (“Broker Warrants”) equivalent to 10% of the underlying securities sold in the Financing (provided that funds raised from the president’s list subscribers will give rise to a reduced number of Broker Warrants, equal to 2% of the number of securities sold under that portion of the Financing). Each Broker Warrant will be exercisable into one Unit at a price of $0.12 per Unit for a period of twenty-four (24) months following the closing of the Financing.
Pursuant to the Transaction: (i) holders of issued and outstanding Post-Split CWE Shares will receive one (1) common shares in the capital of the Corporation (“Cann-Is Shares”) for each Post-Split CWE Share (the “Exchange Ratio”) held by them; and (ii) all options and warrants convertible into CWE Shares shall be exchanged, based on the Exchange Ratio, for similar securities to purchase Cann-Is Shares on substantially similar terms and conditions.
In connection with the Transaction, CWE has entered into a finder’s fee agreement (the “Finder’s Fee Agreement”) with an arm’s length party (the “Finder”) for the Finder’s introduction of CWE to the Corporation. Pursuant to the terms of the Finder’s Fee Agreement, the parties have agreed, subject to the approval by the Exchange, to pay the Finder a fee of 1,937,600 Resulting Issuer Shares or such greater number of Resulting Issuer Shares that is permissible under the polices of the Exchange, subject to a maximum of 2,000,000 Resulting Issuer Shares, to be issued upon closing of the Transaction.
Upon completion of the Transaction and on an undiluted basis, it is expected that (i) the former shareholders of CWE will hold approximately 61.8% of the common shares in the Resulting Issuer (each a “Resulting Issuer Share”) (on a non-diluted basis), (ii) the former shareholders of Cann-Is will hold approximately 12.9% of the Resulting Issuer Shares, (iii) the investors in the Financing will hold, assuming completion of the minimum Financing, 20.6% of the Resulting Issuer Shares, and (iv) the Finder will hold 4.8% of the Resulting Issuer Shares.
Closing of the Transaction will be subject to a number of conditions precedent, including, without limitation:
a) completion of mutual satisfactory due diligence investigations of CWE and Cann-Is;
b) approval of the Transaction by the boards of directors of CWE and Cann-Is;
c) execution of a definitive agreement effecting the Transaction;
d) completion of the Financing;
e) receipt of all regulatory approvals with respect to the Transaction and the listing of the Resulting Issuer Shares on the Exchange;
f) approval of the Transaction by CWE shareholders,
g) approval of the Name Change, and the approval of new directors by the Cann-Is shareholders; and
h) confirmation of no material adverse change by CWE and Cann-Is.
It is anticipated that the Resulting Issuer will qualify as a Tier 2 Issuer pursuant to the requirements of the Exchange.
SPONSORSHIP
Sponsorship of a Transaction of a capital pool company is required by the Exchange unless exempt in accordance with Exchange policies. The Corporation intends to apply for a waiver from the sponsorship requirement in accordance with Exchange Policy 2.2.
HISTORY OF CWE
CWE was incorporated under the Business Corporations Act (Alberta) on May 6, 2019 as a private corporation with wholly-owned subsidiaries that operate a seed to sale Hemp business in Germany in compliance with applicable laws. CWE is selling an organic, health conscious lifestyle based on Hemp products, some containing CBD.
CWE is seeking to become the largest Hemp offline and online retailer in Germany building a controlled access to customers by opening retail locations in Germany. Currently CWE owns and operates ten (10) stores in the State of Bavaria in Germany through three (3) German subsidiaries. CWE has developed a private label Hemp derived CBD brand which makes up 50% of offline retail sales. The stores are operated under the brand name “HANF” in Germany.
The Corporation’s three (3) subsidiaries are as follows:
- DCI Cannabis Institute GmbH (“DCI”), incorporated in Germany on December 1, 2016. CWE acquired 89.4% of the share capital of DCI on July 4, 2019 pursuant to an agreement with four (4) shareholders of DCI. The balance of the share capital, 10.6%, is owned by an arm’s length German company. DCI owns and operates six (6) shops in Germany.
- CWE Trading UG (“CWE-UG”) incorporated in Germany on April 16, 2020 as wholly owned subsidiary. CWE-UG owns and operates two (2) shops.
- CWE Trading EINS UG (“CWE-E-UG”) incorporated in Germany on August 16, 2020 as wholly owned subsidiary. CWE-E-UG owns and operates one (2) shops.
SELECTED FINANCIAL INFORMATION OF CWE
The following table sets out historical financial information of CWE, in each case, for the periods ended and as of the dates indicated. The selected financial information of CWE has been derived from the unaudited consolidated financial statements of CWE for the years-ended December 31, 2019 and 2018 and the unaudited consolidated interim financial statements of CWE for the eight-month period ended August 31, 2020:
Balance Sheet Account | As at December 31, 2019 (C$) | As at December 31, 2018 (C$) |
Current Assets | 802,337 | 326,186 |
Total Assets | 983,476 | 611,962 |
Total Liabilities | 898,561 | 611,962 |
Total Shareholder’s Equity | 84,915 | 0 |
Income Statement | Year ended, December 31, 2019 (C$) |
Eight months ended, August 31, 2020 (C$) |
Revenue | 1,581,698 | 922,921 |
Total Expenses | 1,361,372 | 679,073 |
Net Income (Loss) | 220,396 | 243,847 |
EBITDA | 243,847 | 219,463 |
MANAGEMENT, BOARD OF DIRECTORS AND INSIDERS OF THE RESULTING ISSUER
Upon closing of the Transaction, the board of directors of Cann-Is shall be reconstituted, to be comprised of the nominees of CWE, subject to the minimum residency requirements under the Business Corporations Act (Ontario), to consist of at least three (3) members. Upon closing of the Transaction, the management, board of directors and insiders of the Resulting Issuer will be as set forth below. CWE intends to select a Chief Financial Officer in due course.
Jörn J. Follmer – Chief Executive Officer and Director
Jörn Follmer is a serial entrepreneur that has sold his company to a NASDAQ firm in 1999, built up another company to take it public at the EU-regulated market General Standard segment of Deutsche Börse in 2005. As co-founder of DCI, Jörn has consulted with Wenzel Cerveny since they met in 2016 on the campaign trail. In 2008, Jörn became an investment banker, who has since taken public more than 40 companies as official listing partner of various exchanges. Similar to his position in CWE, Jörn takes financial positions in emerging market companies. Having served on the board of directors of listed companies in Europe, he has relevant experience in going public transactions and continuous disclosure obligations. Mr. Follmer received an M.B.A. degree in 1991 from Texas Christian University.
Daryl S. Fridhandler, Q.C., LLM (NYU), ICD.d, Q.Arb, Q.Med – Director
Daryl Fridhandler is a partner with the law firm of Burnet, Duckworth & Palmer LLP and practices as a member of the firm’s corporate, securities, mergers and acquisitions and commercial transactions groups. Mr. Fridhandler has assisted on organization, reorganization and governance advisory matters for many corporations. He has been active as a founder, director, officer or legal counsel of numerous for profit (public and private) and not for profit organizations, including government related entities. Mr. Fridhandler’s board experience includes serving on and chairing numerous audit committees.
Mr. Fridhandler received a BA from McGill University (1980), a law degree from Dalhousie University (1983), an LLM from New York University (2016) and is a graduate of the Institute of Corporate Directors program (2006) with their ICD.d designation. In 2016, he received his Q. Med and Q. Arb designations from the ADR Institute of Canada. In 2004, he was appointed Queen’s Counsel and in 2005, he received the Alberta Centennial Medal for community service.
James Lanthier – Director
Mr. Lanthier is the Chief Executive Officer of Mindset Pharma Inc., a drug discovery and development business focused on developing novel drugs for neuropsychiatric conditions. Mr. Lanthier has held executive positions at a number of technology enabled companies; prior to Mindset, Mr. Lanthier helped found Future Fertility, a provider of artificial intelligence tools to infertility physicians. Mr. Lanthier was a member of the founding management team of Mood Media (“Mood”), the world’s largest in-store media business. Mr. Lanthier was the Chief Operating Officer of Mood from 2008 to 2013 and a non-executive Director of Mood from 2013 – 2016. Prior to Mood, Mr. Lanthier co-founded FUN Technologies, a casual games business that he helped lead as Chief Financial Officer through its initial public offering on the Toronto and London Stock Exchanges through its eventual sale to Liberty Media. Mr. Lanthier has held board positions at a number of public companies. Mr. Lanthier serves as a member of the board and audit committee of Water Ways Technologies Inc. and a member of the board of Cann-Is. Mr. Lanthier holds an MBA from the Rotman School of Management at the University of Toronto and a BA (Honors) from Queens University.
Ronnie Jaegermann – Director
Mr. Jaegermann has been a Venture Partner at Beyond-Ventures, an Israeli Venture Capital and Investment Advisory Firm since September 2019. Prior to that Mr. Jaegermann was the Chief Executive Officer and Head of Investment Banking Advisory at Aloni Haft, a Tel Aviv-based boutique investment bank focused on fundraisings for Israeli companies in international capital markets since 2014. He has led multiple businesses in growing them from start-up to profitable companies that became take-out targets and was involved in fundraisings and public offerings for Israeli technology companies both in Europe and the USA. Mr. Jaegermann has owned a few retail and online ventures including a retail chain of 26 Lingerie shops in Israel. Mr. Jaegermann holds a BA in Economic and Political Science from Tel Aviv University. Mr. Jaegermann serves as Chief Financial Officer of Cann-Is, an independent member of the board of directors of Adcore Inc. and a member of the board and audit committee of Water Ways Technologies Inc.
Wenzel Cerveny – Founder and Majority Shareholder
Wenzel Cerveny, a seasoned restaurant owner & event organizer after an apprenticeship with Hilton Hotels, spent most of his career in the hospitality industry. In 2017, the new legal act on the legalization of Medical Cannabis in Germany came in effect, with Wenzel having contributed more than decimally to this. In 2018 Wenzel became a delegate in the elections to the Bavarian Parliament for the Liberal Party, which were held in October. Wenzel’s activism gave tremendous media coverage to him and CWE, in fact making him one of the top 5 names in the German Cannabis legalization arena, however him emphasizing mainly the Medical side to Cannabis use, lesser the recreational ones. In 2017. Wenzel turned to concentrate full-time on the development of HANF retail stores.
NON-OFFERING PROSPECTUS
In connection with the Transaction and pursuant to the requirements of the Exchange, Cann-Is will file on SEDAR (www.sedar.com) a non-offering prospectus which will contain details regarding the Transaction, Cann-Is, CWE and the Resulting Issuer.
ABOUT CANN-IS CAPITAL CORP.
The Corporation is a Capital Pool Company (“CPC”). It has not commenced commercial operations and has no assets other than a minimum amount of cash. Except as specifically contemplated in the CPC Policy, as defined in the final prospectus, until Completion of the Transaction, the Corporation will not carry on any business other than the identification and evaluation of assets or businesses with a view to completing a proposed Transaction.
ADDITIONAL INFORMATION
Completion of the Transaction is subject to a number of conditions, including but not limited to, Exchange acceptance and if applicable pursuant to Exchange requirements, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the Transaction, any information release or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.
The TSX Venture Exchange Inc. has in no way passed upon the merits of the Transaction and has neither approved nor disapproved the contents of this press release.
NEITHER THE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including statements relating to the Transaction and certain terms and conditions thereof, the ability of the parties to complete the Transaction, the Stock Split, the Financing, the Exchange Ratio, the Name Change, the Resulting Issuer’s ability to qualify as a Tier 2 Issuer, the Corporation receiving a waiver from the Exchange for sponsorship requirements, shareholder, director and regulatory approvals, future press releases and disclosure, and other statements that are not historical facts. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. As a result, the Corporation cannot guarantee that the Transaction will be completed on the terms described herein or at all. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
Cann-Is Capital Corp.:
Jonathan Graff, Chief Executive Officer
Telephone: (416) 862-3558
Email: [email protected]
CWE European Holdings Inc.:
Jörn J. Follmer, President and Co-Chief Executive Officer
Telephone: +49 (172) 390-1107
Email: [email protected]
Artificial Intelligence
CleverTap launches Clever.AI, the AI-Driven Edge for Customer Engagement & Retention
Clever.AI will help brands achieve 66% higher conversion rates and 35% boost in operational efficiency
SAN FRANCISCO and MUMBAI, India, May 3, 2024 /PRNewswire/ — CleverTap, one of the leading all-in-one customer engagement and retention platforms, today announced the launch of Clever.AI, its AI engine. With Clever.AI, CleverTap seeks to enable brands with the next generation of AI capabilities required to build human-like understanding of customers and deliver personalized experiences efficiently that resonate with them, ultimately maximizing customer lifetime value.
Clever.AI is built on the foundation of three core AI pillars – Predictive, Generative, and Prescriptive. Clever.AI propels these three pillars to transform the way brands engage with customers and make customer interactions more intelligent, and efficient.
Clever.AI enables brands to become:
Insightful: With Predictive AI capabilities, it forecasts precise business outcomes, helping brands to anticipate customer needs. Clever.AI’s insights are powered by CleverTap’s proprietary TesseractDB™ which ensures data granularity with an extended lookback period, making predictions more accurate, and enabling brands to make informed decisions, resulting in improved marketing ROIEmpathetic: Taking GenAI forward, Clever.AI merges creativity with emotional intelligence, crafting content that resonates on a human level. This empathetic approach helps brands drive higher conversions and engages customers with hyper-personalized experiencesActionable: Leveraging Prescriptive AI capabilities, it provides actionable recommendations to maximize conversions throughout the customer journey by helping brands identify the optimal engagement strategies in real-timePeter Takacs, Digital Product Manager, Burger King said, “I would rate it 10 for its ease of use and numerous possible use cases. We uplifted our marketing campaigns by easily experimenting with multiple possibilities and quickly converging on the optimum one. It opens up a new era of continuous experimentation for us.”
Anand Jain, Co-founder and Chief Product Officer, CleverTap said, “We’re thrilled to unveil Clever.AI, a testament of our pursuit over the last several years in leading the way in adopting the latest tech to transform customer engagement. We will continue to innovate CleverTap’s All-in-One engagement platform with Clever.AI enhancing its precision in predictions, its ability to prescribe intelligent customer experiences strengthened by advanced product analytics and deeper persona profiling to ensure brands can build highly personalized experiences, and campaigns more effectively, ensuring every customer interaction is personalized and outcome driven.”
With Clever.AI, brands have already experienced a boost in conversion with significantly higher operational efficiency. They witnessed a 66 percent increase in conversion rates, 35% boost in operational efficiency and a 3x improvement in click-through rates (CTRs), with an increase across metrics such as purchases, and average order values (AOVs). Moreover, Clever.AI enhanced operational efficiency by simplifying campaign roll-outs, content creation, and experimentation at scale. Clever.AI has helped leading brands like TouchnGo, Swiggy, Burger King add efficiency to their campaigns.
CleverTap will unveil its new AI capabilities through its Spring Release ’24 event slated from 6th May to 9th May, through a series of thought-provoking sessions on how AI can make campaigns more intelligent, efficient, and engaging for brands.
About CleverTap
CleverTap is the all-in-one engagement platform that helps brands unlock limitless customer lifetime value by helping them create personalized experiences to retain their most valuable customers. The platform empowers businesses to orchestrate experiences for individuals across their lifecycles and design personalized journeys that span a lifetime. It offers analytics that encompasses every aspect of the lifecycle, enabling businesses to measure and optimize each experience in real-time. Its unique AI capability is insightful, empathetic, and prescriptive, facilitating smarter and faster decisions. The all-in-one platform unifies experiences from every touchpoint, paving the way for a new era of customer engagement.
The platform is powered by TesseractDB™ – the world’s first purpose-built database for customer engagement, offering both speed and economies of scale.
CleverTap is trusted by 2000 customers, including Electronic Arts, TiltingPoint, Gamebasics, Big Fish, MobilityWare, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa John’s, and Tesco.
Backed by leading investors such as Peak XV Partners, Tiger Global, Accel, CDPQ, and 360 One, the company is headquartered in San Francisco, California, with presence in New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Bangalore, Delhi, Singapore, Jakarta, and Ho Chi Minh.
For more information, visit clevertap.com or follow us on: LinkedIn: https://www.linkedin.com/company/clevertap/X: https://twitter.com/CleverTap
Forward-Looking Statements
Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release.
Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness, or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction.
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Artificial Intelligence
Appian Named a Leader in the 2024 Gartner® Magic Quadrant™ for Process Mining Platforms Report
LONDON, May 3, 2024 /PRNewswire/ — Appian (Nasdaq: APPN) today announced it has been named a Leader by Gartner in its 2024 Magic Quadrant for Process Mining Platforms report. The report evaluated 18 vendors and their product offerings. For more information, download a complimentary copy of the Gartner Process Mining 2024 report.
Gartner defines Process Mining platforms as tools that deliver visibility and insights to technology innovation leaders that enable smart decision making and strong performance on an organisation’s critical priorities. Features that make Appian a leader in Process Mining, include:
Faster data prep that eliminates complex transformation with always-ready data from multiple sources.Automated process analysis and intelligent recommendations for where and how to take action.A low-code experience for measuring, monitoring, and optimising process performance—all within one platform.”We believe that Appian’s recognition in the Gartner Process Mining Platforms Magic Quadrant underscores our dedication to process excellence. Through Process HQ, we integrate data fabric, process mining, machine learning, and generative AI to streamline manual data prep, enabling businesses to gain insights swiftly and implement improvements easily,” said Michael Beckley, CTO and Founder of Appian. “Our unified approach merges Process Mining with AI-driven process automation, setting a new standard for efficiency and intelligence.”
Business users need greater visibility into the full breadth of their enterprise data and processes in order to maximise operational efficiency and strategic decision-making. By combining the latest technologies in data fabric, process mining, machine learning, and generative AI, Process HQ helps monitor and improve every business process built on Appian. Process HQ makes it easy to reduce costs, risks, and delays, improve compliance, and drive better business outcomes, without the need for costly and time-consuming data collection efforts.
Appian is now an industry leader across its value proposition to Design, Automate, and Optimise the most complex business processes. In addition to today’s announcement, Appian was named a Leader in the 2023 Gartner® Magic Quadrant™ for Enterprise Low-Code Application Platforms report, and was ranked #1 for the Business Workflow Automation with Integration Use Case in the 2023 Gartner® Critical Capabilities for Enterprise Low-Code Application Platforms (LCAP) report.
To access the report and to learn more about Appian’s positioning, visit https://ap.pn/3y2ClZy. Register for our upcoming webinar Process Intelligence Made Easy: The Key to Better Business Decisions on June 20, 2024 at 12pm EST to discover how Process HQ can improve business processes.
Gartner disclaimerGartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant is a registered trademark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.
About Appian
Appian is a software company that automates business processes. The Appian AI Process Platform includes everything you need to design, automate, and optimise even the most complex processes, from start to finish. The world’s most innovative organisations trust Appian to improve their workflows, unify data, and optimise operations—resulting in better growth and superior customer experiences. For more information, visit appian.com. [Nasdaq: APPN]
Follow Appian: LinkedIn, X, and X (UK).
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Artificial Intelligence
Innodisk Introduces iCAP Air: Advancing Air Quality Management through Autonomous Decision-Making
TAIPEI, May 3, 2024 /PRNewswire/ — Innodisk, a global leader in AI solutions, has taken a pivotal step forward in environmental sustainability with the launch of its latest innovation, the “iCAP Air” air quality management solution. This solution empowers businesses worldwide to enhance air quality, sustainability, and human health. Additionally, business can benefit from monthly AI-generated air quality data report, providing valuable insights for informed decision-making.
Leveraging its expertise in edge computing and software and hardware integration, along with the expertise of its subsidiary Sysinno in air quality detection, Innodisk has achieved the development of the “iCAP Air” air quality management solution. This solution integrates advanced technology, including the innovative “iAeris7” air quality detector from Sysinno, to deliver accuracy in detecting temperature, humidity, fine suspended particles (PM2.5), suspended particles (PM10), carbon dioxide (CO2), formaldehyde and total volatile organic compounds (TVOC). It can also be customized to detect NO2, SO2, CO, NH3, and other air factors. At the same time, the iAeris7 device is known for its reliability, patented technology, and various international certifications, including those from SGS and FCC/CE/RoHS/NCC/BSMI.
The solution also includes the “iCAP Air Server,” designed to manage large-scale deployment and data from up to 100 air quality detectors, ensuring seamless integration and efficient operation, even in complex environments. Additionally, iCAP Air provides a user-friendly air quality management platform, enabling organizations to monitor air quality in real-time via a mobile app or internet browser, receive automatic alerts, and optimize air purification or exhaust ventilation system.
iCAP Air is a comprehensive solution that simplifies air quality management for users. It is tailored for medium to large-sized sites or densely populated, enclosed spaces such as medical institutions, smart manufacturing facilities, public transportation hubs, indoor parking facilities, and department stores. Innodisk’s “iCAP Air” air quality management solution represents a milestone for all businesses committed to leveraging technology for the greater good of air quality and society.
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