Connect with us
Prague Gaming & TECH Summit 2024

Artificial Intelligence

Quadient unveils the second phase of its “Back to Growth” strategic plan, aimed at delivering sustainable value  

Published

on

Quadient unveils the second phase of its “Back to Growth” strategic plan, aimed at delivering sustainable value

Key highlights

  • “Back to Growth – Transform” (phase 1 of the plan) successfully completed
    • Software and parcel locker solutions revenue up from 18% of total revenue in 2018 to 27% in 2020
    • Promising acquisitions (Parcel Pending, YayPay, Beanworks) and several divestments achieved, resulting in circa €105 million net cash spent in M&A over the period
    • Circa €100 million of revenue and cost synergies generated in 2020
    • Subscription-related revenue accounting for 69% of 2020 sales within Major Operations
  • “Back to Growth – Drive Sustainable Value” (phase 2 of the plan) sets new ambitious organic targets over the next 3-year period
    • Minimum 3% organic revenue CAGR over 2021-23, with minimum 2% organic revenue growth in 2021
    • Minimum mid-single digit organic current EBIT1,2 growth over 2021-23, with 4-6% organic current EBIT growth in 2021
    • Leverage ratio excluding leasing below 1.75x in 2023, post repayment of ODIRNANE
    • Dividend policy maintained at minimum 20% net income payout, with a floor of €50cts dividend per share

Paris, 30 March 2021

Quadient (Euronext Paris: QDT), a leader in helping businesses create meaningful customer connections through digital and physical channels, holds today a Capital Markets Day during which management unveils the second phase of its “Back to Growth” strategic plan, setting new profitable and sustainable growth ambitions for the next three years. This strategic update results from an in-depth review of the company’s current status, a thorough analysis of market trends and customer needs, as well as a complete assessment of invested capital with a view to maximize value for shareholders as well as benefits for all stakeholders.

“The thorough execution of the first phase of our Back to Growth strategic plan has laid strong foundations, putting Quadient in a position to deliver sustainable value for its shareholders and all stakeholders over the next three years and beyond,” said Geoffrey Godet, Chief Executive Officer of Quadient. “We have deeply changed our operating model, simplified our organization and reshaped our portfolio, and having completed acquisitions in the business areas that we had targeted. In the meantime, we have successfully developed our software and parcel locker activities, constrained the decline of our mail-related business, increased the proportion of subscription-related revenue and generated significant synergies.”

“As we are entering the second phase of Back to Growth, we are confident in our capacity to leverage our leading positions to reap the benefits of a further digitization of the economy and an increasingly high volume of parcel deliveries while maintaining our highly cash-generative mail business. Our new profitable growth trajectory is primarily based on organic initiatives, ranging from investments delivering high returns, the deployment of our end-to-end SaaS/cloud intelligent communication automation software portfolio and the generation of further synergies. In the meantime, we will continue to assess the effectiveness of our invested capital and will deploy our excess cash to additional potential organic initiatives, bolt-on M&A opportunities and/or share buybacks within the limit of our deleveraging targets.”

“Back to Growth” key achievements

Implemented early 2019, “Back to Growth” strategic plan involved both a strong refocus of Quadient’s solutions portfolio and a major transformation of its operating model. Quadient aimed at building leading market positions in highly growing businesses that are synergistic with its foundational mail-related activities. Customer communication and experience management, business process and document workflow automation, as well as automated parcel locker solutions were selected to be the company’s growth engines while continuing to benefit from Quadient’s strong position in the highly profitable and cash generative mail-related business. Gradually increasing the part of these growth engines within Quadient’s total revenue has been set as a critical metric of Quadient’s transformation: in two years, combining organic growth initiatives and targeted acquisitions, the software and parcel locker solutions went up from 18% of total revenue in 2018 to 27% in 2020.

In line with these strategic directions, Quadient has been actively reshaping its portfolio, reinforcing its positions in selected markets through organic developments and bolt-on acquisitions while undergoing some divestments. Early 2019, Quadient acquired Parcel Pending, a leading US player in parcel lockers and has been scaling this business, successfully expanding into the US retail market and now exporting its franchise in the residential property market in new geographies such as the UK and France. Quadient has also acquired YayPay and more recently Beanworks, two leading North American FinTech respectively specialized in the automated management of Accounts Receivables and Accounts Payables, bolstering Quadient’s software offer. In the meantime, Quadient has divested its data quality business (Satori Software and Human Inference, both in 2019), significantly reduced its shipping software activities (disposal of ProShip and shutdown of Temando, both in 2020) and recently sold its graphics activities in Australia and New Zealand. M&A transactions have been conducted with rigorous financial discipline. The net cash spent in M&A over the period amounts to c. €105 million, including c. €195-200 million spent in acquisitions and c. €90-95 million received from divestments.

In the meantime, Quadient has profoundly changed its organization to simplify its operating model, gain efficiency and unite the entire company under a unified brand and a strong common culture. The executive team has been renewed with new talents hired to lead the transformation, leaner management layers were put in place with a strong regional focus, and centers of excellence were established to streamline internal tools and processes, and better leverage the teams’ expertise.

From the outset of the plan, fostering synergies has been set as a central objective. Thanks to commercial cross-selling between the solutions, Quadient has successfully generated around €70 million in revenue synergies in 2020. And with its new integrated organization in place, €25 to 35 million were saved in costs synergies, including centralized marketing and administrative functions, back-office efficiencies, mutualized R&D as well as integrated supply chains and logistics.

Another key direction of “Back to Growth” has been to favor across all its solutions – whether smart hardware or software – a resilient value-creation model based on recurring revenues. In 2020, subscription-related revenue accounted for 69% of sales within Quadient’s Major Operations3, with increasing services attached to the sale or rental of hardware solutions and a swift transition towards SaaS/Cloud models for software solutions.

The improvement in Quadient’s financial performance was obviously slowed down in 2020 in the context of the Covid pandemic which has interrupted a series of seven consecutive quarters of organic growth. Quadient has however demonstrated the strong resilience of its business model in the first part of 2020 and recorded a sharp rebound in the second part of the year, boding well for organic growth to resume in 2021, combining solid growth in software and parcel lockers solutions together with a contained decline in mail-related solutions. In the meantime, despite the impact of the Covid crisis, Quadient has maintained a sound profitability level, generated strong free cash-flows and kept a healthy balance sheet (please refer to the separate press release dedicated to Quadient’s full-year 2020 results published today).

Further convergence of Quadient’s software businesses

The phase two of “Back to Growth” will encompass further changes in Quadient’s operating model. While the Covid crisis is accelerating digitization, the needs for customer communications management, customer experience management, Accounts Receivable (AR) and Accounts Payable (AP) automation solutions are increasingly converging. Quadient has therefore decided to combine its Customer Experience Management and Business Process Automation software solutions into a true end-to-end cloud-based global business communications platform named “Intelligent Communication Automation”.

This best-of-breed suite of business communications management software, which addresses the needs of customers of all size, features Quadient Inspire, Quadient Impress as well as Quadient’s comprehensive SaaS AP/AR automation offer which has been strengthened by the recent acquisitions of YayPay and Beanworks. Based on 2020 figures, Intelligent Communication Automation already represents €183 million in revenue, including 59% of subscription-related revenue, the latter having increased by 13% in 2020.

This integration will allow Quadient to generate further cost synergies between Customer Experience Management and Business Process Automation on product management and marketing and go-to-market. It will bring technology and R&D synergies to the next level, knowing for instance that Quadient Inspire and Quadient Impress already enjoy more than 60% of shared source code. Innovation will be stimulated to provide Quadient’s customers with additional services and features, leveraging cloud, and Artificial Intelligence. Intelligent Communication Automation will also bring scale for Quadient to become a more established software provider, the company being already the third largest French horizontal software publisher. This more holistic, integrated and simplified value proposition will benefit both clients and partners, driving further revenue synergies within each customer segment.

New metrics and specific targets set by solution to drive growth and profitability

Following “Back to Growth” strategic direction, Quadient will continue focusing on markets driven by the acceleration of digitization, the explosion of e-commerce and declining but still large and resilient mail volumes. To drive its three core solutions even more efficiently, Quadient has set KPIs for each solution which will help the company monitoring its growth trajectory as well as its profitability.

To address the challenge of building an even more recurring SaaS/cloud business model, the monitoring of Intelligent Communication Automation (€183 million in sales within Major Operations3 in 2020 based on Quadient’s new reporting) will focus on:

  • the number of SaaS/subscription customers over the total number of customers (65% in 2020, up from 56% in 2019);
  • the annualized revenue to be generated by its subscription-related revenue streams (€132 million at the end of 2020, up 11% from the end of 2019);
  • the share of this subscription-related revenue over the total revenue of the solution (59% in 2020, up from 50% in 2019).

Regarding Mail-Related Solutions (€653 million in sales within Major Operations3 in 2020 based on Quadient’s new reporting), Quadient will monitor:

  • the share of new generation smart devices among total number of devices in the total installed base (4.9% at the end of 2020, up from 1.1% at the end of 2019) to size the upside potential for upgrading its installed base, in line with Quadient’s commitment to invest in its offering to gain market share and maximize value over time;
  • the spread between the evolution of supplies revenue and the total revenue of the solution to measure the resilience of its model regardless of the usage of its installed base (this resilience index stands at 5.2% in 2020, up from 1.7% in 2019);
  • the share of subscription-related revenue over the total revenue of the solution to ensure that Mail-Related Solutions continue to provide a high level of recurring cash-flows (up from 72% in 2019 to 74% in 2020).

Finally, for Parcel Locker Solutions (€83 million in sales within Major Operations3 in 2020 based on Quadient’s new reporting), Quadient will monitor:

  • the size of its lockers’ installed base (up from 7,000 lockers at the end of 2018 to 13,000 lockers at the end of 2020);
  • the usage rate of its lockers (up from c.25% in 2018 to c.65% in 2020);
  • the year-over-year growth in subscription-related revenue (up from €16 million in 2018 to €42 million in 2020).

In addition, Quadient is introducing a new profitability metric per solution to monitor the financial performance of its three Major Solutions in a consistent and comparable way. These solution profit margins will be calculated as revenues minus cost of goods sold as well as all sales, services, marketing, product and R&D expenses. Based on Quadient’s new reporting, solution profit margins stand in 2020 at 21.3% for Intelligent Communication Automation, 45.3% for Mail-Related Solutions and 5.6% for Parcel Locker Solutions (including a 25-30% profit margin of the parcel lockers installed base).

As part of the new trajectory defined for the Phase Two of “Back to Growth”, Quadient has set specific targets for each solution aimed at reaching an ambitious profile by the end the 2021-2023 three-year period, ensuring that each solution effectively contributes to sustainable value creation at company level:

  • Intelligent Communication Automation:
    • Over 20-25% subscription-related revenue CAGR over the three-year plan;
    • Around 30% solution profit margin on a full-year basis by the end of the three-year plan.
  • Mail-Related Solutions:
    • Better than -5% organic CAGR revenue decline over the three-year plan;
    • High solution profit margin in the range of 43-45% on a full-year basis by the end of the three-year plan.
  • Parcel Locker Solutions:
    • More than 25,000 lockers installed by the end of the three-year plan;
    • Around 30-40% profit margin of the installed base on a full-year basis by the end of the three-year plan.

A robust, sustainable and profitable organic growth trajectory, supported by a clear and efficient capital allocation policy

Going forward, Quadient will continue to build on its strengths to roll out the second phase of its “Back to Growth” strategic plan. With a clear focus on innovation and technology, Quadient will continue to leverage its leadership positions and its strong software and hardware installed base to generate additional growth of its highly contributive subscription-related revenue and further deploy cross-selling opportunities and value-creation synergies across its solutions.

On this basis, Quadient aims at achieving a minimum 3% organic revenue CAGR over 2021-2023, with a minimum 2% organic revenue growth in 2021. Quadient also aims at delivering a minimum mid-single-digit organic current EBIT4 CAGR5 over 2021-2023, with 4-6% organic current EBIT growth in 2021.

Focusing its growth trajectory on organic opportunities, Quadient will bolster the investments to support its operations as long as they offer attractive risk-adjusted returns. Quadient plans to maintain its R&D and maintenance capital expenditures (CAPEX) within a controlled range of approximately €70 to 80 million (including IFRS 16) per year over 2021-2023. In the meantime, its rented equipment CAPEX should reach €40 million or more per year over 2021-2023, depending on opportunities to accelerate the deployment of the rented parcel lockers installed base.

While continuing to generate recurring cash-flows, Quadient aims at maintaining a healthy, yet efficient balance sheet by bringing down its net debt excluding leasing/EBITDA excluding leasing below 1.75x in 2023, post repayment of ODIRNANE bonds6.

Quadient’s strategic approach will continue to be based on an ongoing assessment of its invested capital in order to maximize long term value for its shareholders. This involves that Quadient continuously ensures that it is the best owner of its various businesses in terms of value creation, not excluding potential divestments or spin-offs, provided that capital could be re-deployed more effectively. Quadient may consider potential opportunistic bolt-on acquisitions applying strict criteria, including covering cost of capital by year 3 post closing. As part of its portfolio management, Quadient will keep on restructuring its Additional Operations (€110 million in revenues in 2020 representing 11% of total revenue) with a view to either grow, improve or exit these businesses.

Finally, Quadient is leaving its dividend policy unchanged, maintaining a minimum 20% net income dividend payout with a floor of €50cts dividend per share. As part of its shareholder return policy Quadient will additionally consider using yearly excess cash available for share buybacks, subject to value-creation criteria.

Strong ESG commitments

In line with its commitment to Corporate Social Responsibility (CSR), Quadient has recently joined the United Nations Global Compact, the world’s largest corporate sustainability initiative, aligning its CSR policy with the UN Global Compact’s ten universal principles on human rights, labor, environment and anti-corruption.

Quadient’s approach to corporate responsibility is based on improving working conditions, promoting a culture of integrity, reducing its environmental footprint, providing innovative, reliable and sustainable solutions, and supporting the communities in which the company operates. These pillars have been aligned with the UN Global Compact principles that Quadient commits to respect, support and promote by joining the initiative. Becoming a signatory member also implies taking action to advance the UN Sustainable Development Goals (SDGs), eight of which Quadient is already committed to.

In order to drive sustainable value, Quadient has set itself precise objectives to be reached by or before 2023 as part of the second phase of its “Back to Growth” strategic plan (for more details on these objectives, please refer to slides 115, 116 and 117 of Quadient’s Capital Markets Day presentation).

CONFERENCE CALL & WEBCAST

Quadient will host a conference call and webcast today at 2:00 pm Paris time (1:00 pm London time).

To join the webcast, click on the following link: Webcast.

To join the conference call, please use one of the following phone numbers:

  •      France: +33 (0) 1 70 37 71 66;
  •      United States: +1 202 204 1514;
  •      United Kingdom (standard international): +44 (0) 33 0551 0200;

Password: Quadient.

A replay of the audio webcast will be available for a period of one year.

***

CALENDAR

 ·26 May 2021: Q1 2021 sales release (after close of trading on the Euronext Paris regulated market).

***

About Quadient®

Quadient is the driving force behind the world’s most meaningful customer experiences. By focusing on three key solution areas, Intelligent Communication Automation, Parcel Locker Solutions and Mail-Related Solutions, Quadient helps simplify the connection between people and what matters. Quadient supports hundreds of thousands of customers worldwide in their quest to create relevant, personalized connections and achieve customer experience excellence. Quadient is listed in compartment B of Euronext Paris (QDT) and is part of the CAC® Mid & Small and EnterNext® Tech 40 indices.

For more information about Quadient, visit https://invest.quadient.com/.

Contacts

APPENDIX

New reporting

In million euros FY 2020 Organic Change
 vs. 2019
FY 2020
  Sales Solution Profit Margin(a)
Major Operations 919 -5.9% 36.9%
Intelligent Communication Automation 183 -3.5% 21.3%
Parcel Locker Solutions 83 +36.1% 5.6%
Mail-Related Solutions 653 -10.3% 45.3%
Additional Operations 110 -17.6% 15.4%
Group total 1,029 -7.3% 34.6%
(a) Unaudited figures
In million euros FY 2020 Organic Change
vs. 2019
Major Operations 919 -5.9%
North America 501 -1.5%
Main European countries 367 -12.5%
International 51 +4.7%
Additional Operations 110 -17.6%
Group total 1,029 -7.3%

1 Based on 2020 current EBIT excluding earn-out reversal related to the Parcel Pending acquisition.
2 Current EBIT = current operating income before acquisition-related expenses.

3 Major Operations includes Intelligent Communication Automation, Mail-Related Solutions and Parcel Locker Solutions in Quadient’s main geographies, accounting for 89% of total sales in 2020.
4 Current EBIT = current operating income before acquisition-related expenses.
5 Based on 2020 current EBIT excluding earn-out reversal related to the Parcel Pending acquisition.
6 ODIRNANE bonds amount to €265 million, maturing in 2022. Since there is no contractual obligation to repay the nominal or to pay coupons to holders of the bonds, ODIRNANE bonds have been recognized as an equity instrument.

Attachment

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

XtalPi Unveils XtalGazer: A Comprehensive AI-Driven Polymorph Selection Platform

Published

on

xtalpi-unveils-xtalgazer:-a-comprehensive-ai-driven-polymorph-selection-platform

CAMBRIDGE, Mass., March 28, 2024 /PRNewswire/ — XtalPi Inc., a leading global technology company in integrating artificial intelligence (AI) and robotics to advance the discovery of groundbreaking medicine and innovative materials, announced today the launch of its proprietary comprehensive solid form discovery and selection platform, XtalGazer. This advanced platform aims to significantly improve the polymorph selection process for the pharmaceutical industry by integrating AI- and automation-powered experimental and computational approaches.

XtalGazer provides a total solution for delivering high-quality polymorph screening and selection methods to expedite drug development and mitigate risks. It represents a paradigm shift in solid-state research, moving from the traditional trial-and-error approach to a data-driven, design-led methodology. The platform provides an expansive suite of foundational tools to accelerate polymorph discovery, characterization, and selection process, empowering pharmaceutical companies to conduct thorough research with less active pharmaceutical ingredient (API) in shorter development cycles.
A key component of XtalGazer is XtalCSP, a crystal structure prediction platform to perform global searches of crystal structures for target molecules and the other optional components in the corresponding searching space, offering a deep insight into possible stable forms. Furthermore, crystallization strategy recommendations will provide AI-backed experimental design to help avoid human bias. XtalGazer also utilizes MicroED to rapidly elucidate crystal structures from powder samples, reducing the need for growing single crystals.
XtalPi’s launch of XtalGazer marks another significant step in the company’s ongoing exploration of solid-state research. From crystal structure prediction platforms being one of the first products to launch at XtalPi, to today’s comprehensive polymorph selection platform, XtalPi will keep fulfilling its promise to solving challenging problems in this space. XtalPi will continue to deliver faster, more accurate, and more comprehensive approaches to building an ecosystem for the R&D process in solid-state, pre-formulation and crystallization.
For more information about XtalPi, please visit www.xtalpi.com.
About XtalPi:
XtalPi is an innovative technology company powered by artificial intelligence (AI) and robotics. Founded in 2015 on the MIT campus, XtalPi is dedicated to driving intelligent and digital transformation in the life science and new materials industries. With tightly interwoven quantum physics, AI, cloud computing, and large-scale clusters of robotic workstations, XtalPi offers a range of technology solutions, services, and products to accelerate and empower innovation for biopharmaceutical and new materials companies worldwide.
Media Contact: Vivienne [email protected]
Logo – https://mma.prnewswire.com/media/632519/XtalPi_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/xtalpi-unveils-xtalgazer-a-comprehensive-ai-driven-polymorph-selection-platform-302102794.html

Continue Reading

Artificial Intelligence

ICIS and Base Oil News Announce Partnership to Enhance Market Insights

Published

on

icis-and-base-oil-news-announce-partnership-to-enhance-market-insights

LONDON, March 28, 2024 /PRNewswire/ — ICIS, a global source of commodity intelligence, is pleased to announce a strategic partnership with Base Oil News, a premier news outlet founded by industry expert Iain Pocock that provides in-depth coverage of the base oils and lubricants market. This collaboration marks a significant milestone in the dissemination and exchange of critical market data and insights.

With more than two decades of journalism experience at Bloomberg, Reuters, and Argus Media, Iain Pocock brings unparalleled expertise to this partnership. His deep understanding of illiquid energy markets makes him a credible and influential figure in the industry. Since November 2023, Iain has been working closely with ICIS to share and exchange valuable data and insights, enhancing the services both platforms offer to the base oils and lubricants market.
Through the collaboration, Iain integrates ICIS’ extensive content and data resources in Base Oil News market coverage. In return, he contributes market insights to ICIS News, including expert and exclusive analysis of supply and demand dynamics, price margins, and other critical market drivers. This exchange ensures that subscribers of both ICIS and Base Oil News have access to the most comprehensive, timely, and accurate market information, empowering them to make informed decisions.
“It’s a very exciting partnership – where we leverage each other’s strengths and provide actionable insights to our customers,” said Iain Pocock, Founder of Base Oil News. “The market is the winner.”
“As ICIS is already the world’s most trusted pricing benchmark for base oils, this collaboration with Iain Pocock and Base Oil News provides an even stronger and deeper service to our customers,” said Stephen Burns, Editorial Director at ICIS. “Iain’s expertise and extensive industry connections are invaluable, and we have established a fruitful partnership that benefits the market at large.”
For the latest insights from Iain Pocock on ICIS News, visit ICIS News.  
About ICIS
ICIS – Independent Commodity Intelligence Services – helps businesses through seamlessly delivering data and analytics, across the chemical, fertilizer and energy markets. A trusted source and benchmark for price information and insight across key commodities markets worldwide. Our independent, transparent market intelligence informs thousands of quality decisions every day, taking the pressure out of negotiations and giving customers space for more innovative thinking, through published datasets including price assessments, price forecasts, supply and demand fundamentals and more.
Over 150 years of shaping the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.
ICIS is part of RELX, a FTSE15 company with a market cap of £64bn and an employee base of over 30,000 experts across 40 countries.
About RELX
RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £64bn | €75bn | $81bn.
Logo: https://mma.prnewswire.com/media/619935/4277787/ICIS_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/icis-and-base-oil-news-announce-partnership-to-enhance-market-insights-302102782.html

Continue Reading

Artificial Intelligence

Trianz Welcomes Israel Abraham as Vice President of Services for Extrica.ai – The Data to AI Platform

Published

on

trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extrica.ai-–-the-data-to-ai-platform

SANTA CLARA, Calif., March 28, 2024 /PRNewswire/ — Digital transformation technology & services company Trianz is pleased to announce the appointment of Israel Abraham as Vice President of Extrica Platform Services.

Trianz has embarked on a transformative journey, redefining its value proposition with an ‘IP Led’ model, with a commitment to deliver the fastest time to value, lowest human dependence, and highest ROI. Central to this approach are our hyper-automated platforms, Concierto.Cloud, Extrica.AI, and Pulse, driving industry-leading transformations in cloud, data and analytics, AI, and the digital workplace.
Israel Abraham is a very well-known pioneer and industry leader in AI, data management, and analytics systems, with over three decades of experience. He joins as the services leader for Extrica- the Trianz Data to AI platform, which productizes data, provides data a face and purpose, and accelerates time to insights and AI by 50% or more. In the role of Extrica Services leader, Israel will lead the shaping, visioning, and delivery of Extrica.ai based enterprise wide datamesh, BI, and AI solutions for customers worldwide.
“We are thrilled to welcome Israel Abraham to the Trianz family,” said Sri Manchala, CEO of Trianz and author of Crossing the Digital Faultline. “He is a leader in modernization as well as conceptualization of data platforms anew. Israel’s prior background in the industry with financial services and insurance giants underscores our commitment to securing top-tier talent that brings real-world experiences and needs to our technology platforms. As we continue to broaden our footprint in the digital transformation space, Israel’s visionary leadership and practical experience will serve as the cornerstone in accelerating insights and AI to deliver transformative value to our clients.”
Having played pivotal roles in highly reputed and large organizations such as Liberty Mutual Insurance, MassMutual, Safeco, and CNA Insurance, Israel has garnered recognition as a seasoned leader in big data and AI cloud implementations. His accolades include the prestigious 2014 Ventana Research IT Innovation Award, the 2009 Informatica MDM Innovation Award, and three filed Data Engineering patents in the last four years.
“Trianz has been at the forefront of digital innovation, and Extrica.ai is a paradigm shifting data to AI platform that completely changes how analytics and AI are delivered- much faster, taking business ahead of change. I am excited to scale the adoption of the Extrica platform, which has attracted attention from giants across the industry and hyperscalers,” said Israel Abraham. “I look forward to engaging with customers, bringing my own experiences, and collaborating with the talented team at Trianz to further enhance the capabilities of the Extrica Platform Services to transform data & AI strategies, execution, and outcomes for customers.”
About Trianz
Trianz is a leading-edge technology platforms and services company that accelerates digital transformations at Fortune 100 and emerging companies worldwide in data & analytics, digital experiences, cloud infrastructure, and security. Our ‘IP Led Transformations’ approach, informed by insights from a recent global study spanning 20+ industries and 5000+ companies, addresses challenges posed by the rapid pace of AI-driven transformation, digital talent scarcity, and economic uncertainty. Our IP and platforms, including Concierto, Extrica, and Pulse, revolutionize cloud adoption, data analytics, and AI insights, empowering organizations to navigate the complexities of digital transformation seamlessly.
Founded in California and with an organization of over 2,000 associates across the United States and India, Trianz is a Premier Partner of AWS, consistently rated #1 by clients for value delivery over the past five years. Trianz has been ranked as one of the best Consulting Firms by Forbes and has been certified as a Great Place to Work for three years in a row. To learn more about Trianz, email [email protected] or visit www.trianz.com.
Watch Trianz CEO Sri Manchala’s insightful interview with Bloomberg on Partner | Crossing The Digital Faultline & Leading Towards Transformative Success – YouTube and delve deeper into his book Crossing the Digital Faultline at Crossing the Digital Faultline | Trianz.
Trianz Media [email protected] +1-408-387-5800
Logo: https://mma.prnewswire.com/media/626944/1199800/Trianz_Logo.jpg
 

View original content:https://www.prnewswire.co.uk/news-releases/trianz-welcomes-israel-abraham-as-vice-president-of-services-for-extricaai–the-data-to-ai-platform-302102589.html

Continue Reading
Advertisement

Latest News

Trending