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NearForm Acquires Formidable To Expand Global Software Offering

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The strategic acquisition is another significant leap for NearForm, following investment from Columbia Capital.
DUBLIN, Oct. 10, 2023 /PRNewswire/ — NearForm, an Irish-founded team of engineers, designers and strategists who build digital capability and software solutions for enterprises, has acquired Formidable, a global design and engineering consultancy founded in Seattle, Washington.

Formidable has established itself as a global leader in product design and engineering. Their collaborative, innovative approach has made them the go-to services business for top-tier enterprises and with a deep thought leadership and expertise in the retail space. Formidable clients include Puma, Lululemon, Starbucks, and Walmart.
Alongside Formidable, NearForm will continue to define, design and build platforms and future-ready products that modernise organisations and connect communities, whilst upholding its unwavering commitment to championing and nurturing exceptional engineering talent. 
Ciarán Cosgrave will remain as Chief Executive Officer of NearForm, and welcome Ryan Roemer, Chief Executive Officer and Co-Founder of Formidable, to the NearForm Executive Leadership team.
The announcement of Formidable’s acquisition is a strategic leap forward for NearForm, who have gained significant momentum over the past three years, following the December 2020 investment from Columbia Capital, the 2022 appointment of Satty Bhens (ex-McKinsey & Company Digital Partner) to the NearForm Executive Board, and most recently in May, the appointment of Koby Avital (former EVP of Technology Platforms at Walmart) as Strategic Advisor.
Commenting on the transformative partnership, Ciarán Cosgrave, Chief Executive Officer at NearForm said, “Bringing NearForm and Formidable together felt like a natural fit from the start; we share a common heritage in the craft of design and engineering and a firm belief in the power of code to be a force for good and deliver enduring positive outcomes for our people, our clients and our communities. Our collaboration combines the artistry of expertly-crafted code with a relentless commitment to innovation that will empower a broader spectrum of enterprises. Together, we’re in a strong position to become one of the leading premium independent creators of software solutions.” 
“NearForm joining forces with Formidable brings two pioneers of the open source web platform together to make a professional services powerhouse – we’re so excited for what happens next,” added NearForm founder Cian O’Maidin. NearForm serves clients including Condé Nast, Uber, Virgin Media O2, and Aer Lingus.
“Partnering with NearForm will allow us to elevate our existing strengths in providing top-notch engineering and product/design expertise with an amazing, unified team with extensive capabilities. By harnessing our collective technical acumen, industry insights and service partnerships, we’re set to deliver elevated product integrations. Together, our open-source synergy reinforces our unwavering commitment to nurturing and advancing the technical community. This is a thrilling opportunity to elevate our people while providing clients with new innovative solutions,” commented Ryan Roemer, Chief Executive Officer at Formidable.  
Clients and partners of NearForm and Formidable can expect the same high standards of service, deep expertise, and dedication to excellence that they have come to rely on, now with an expanded geographic footprint and broader industry offering set. The acquisition represents a commitment to delivering even more value and innovation in the digital solutions arena.
About NearFormNearForm is an independent team of engineers, designers and strategists who build digital capability and software solutions for ambitious enterprises and organisations seeking sustained business impact. We define, design and build platforms and future-ready products that bring together people, process and technology to modernise organisations and connect communities. Through a combination of expertly crafted code, enhanced capability and collaboration, we empower our partners to deliver great user experiences and create enduring value. 
About FormidableFormidable is a global design and engineering consultancy, and open-source software organisation, specialising in digital products and transformation. Since 2013, Formidable’s growing team has worked with companies ranging in size from startups to Fortune 100s to build quality digital products and level-up engineering and design teams.
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ZTE highlights building solid foundations with full-stack intelligent computing solution at MWC Shanghai 2024

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SHANGHAI, June 26, 2024 /PRNewswire/ — ZTE Corporation (0763.HK / 000063.SZ), a global leading provider of integrated information and communication technology solutions, will present innovative solutions and success cases in connectivity, computing power, industrial digitalization, and terminal devices at MWC Shanghai 2024, committed to building solid foundations with its full-stack and full-scenario intelligent computing solution.

In addition to exhibitions, ZTE will participate in various forums, sharing insights on trending topics, including AI, 5G, digitalization, etc. Meanwhile, the company will be hosting a series of launch events, showcasing its AI-powered eyewear-free 3D products and the Nebula Telecom Large Model.
Adhering to its “connectivity + computing” strategy, ZTE aims to create a dynamic ecosystem with industry partners, emphasizing openness and decoupling. Through continuous innovation, ZTE seeks to unfold an intelligent future.
Computing Power: Full-Stack Intelligent Computing as Efficient Foundation
ZTE provides a full-stack and full-scenario intelligent computing solution involving computing power, networks, capabilities, intelligence, and applications. With a full series of servers, high-performance storage products, lossless networks, and green data centers, ZTE has created a robust engine for diverse intelligent computing centers.
Connectivity: A New Era of 10Gbps Experience
Together with industry partners, ZTE continues to explore innovations in 5G-A technologies across different scenarios and industries, and empowers diversified new B2B and B2C services based on 10Gbps+ experience. Meanwhile, ZTE is also leading in global OTN technologies, and actively driving the evolution of all-optical connectivity, building 10Gbps networks for cities, and empowering smart life based on intelligent computing.
Industry: Phygital Convergence for Innovative Development
ZTE proposes the solution of “intelligent computing infrastructure + Digital Nebula,” facilitating phygital innovation and boost productivity in the intelligent era. ZTE has developed hundreds of exemplary projects in key sectors and ZTE Digital Nebula 3.0 has become the “super brain” of industrial digitalization, enabling customers and industry partners to foster a sustainable and intelligent ecosystem.
ZTE Mobile Devices: AI Full-Scenario Intelligent Ecosystem 3.0
With “AI for All” product strategy, ZTE has launched a full range of AI devices, including smartphones, tablets, laptops, PCs, and mobile internet products, dedicated to building AI Full-Scenario Intelligent Ecosystem 3.0. Emerging as a pioneer in cloud PCs, ZTE possesses a global user base of over 3 million.
For more information about ZTE’s highlights at MWC Shanghai 2024, please visit: https://www.zte.com.cn/global/about/news/zte-highlights-building-solid-foundations-with-full-stack-intelligent-computing-solution-at-mwc-shanghai-2024.html
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Email: [email protected]

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Comviva named a Visionary in the 2024 Gartner® Magic Quadrant™ for AI in CSP Customer and Business Operations Report

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NEW DELHI, June 26, 2024 /PRNewswire/ — Comviva, the global leader in customer experience and data monetization solutions, today announced that it has been named a Visionary in the 2024 Gartner Magic Quadrant for AI in CSPs Customer and Business Operations report.

Gartner defines the market of AI in communications service provider (CSP) customer and business operations as commercial off-the-shelf (COTS) products. They are either capabilities embedded in CSP-specific operational technology (OT) applications (such as channels, CRM and other business support system [BSS] applications) or industry-agnostic horizontal applications delivering AI/machine learning (ML)-based customer and business operations to CSPs. CSP customer and business operations refer to marketing, sales, customer acquisition, customer journey, billing and revenue management, revenue assurance, and related risk management. The scope of AI products covers data readiness, life cycle management of algorithms and their application to CSP customer and business operations.
Comviva’s vision is to revolutionize the telecommunications industry by harnessing the transformative power of AI and Generative AI. With AI use cases across its MobiLytix™ and BlueMarble solutions, Comviva is enabling businesses to create, manage, and deliver real-time personalization, contextualized customer experiences, and intelligence-driven commerce at scale. Comviva has been noted for its strength in content creation, natural language generation, decision intelligence and machine learning.
“To thrive in today’s digital economy, businesses must accelerate the adoption of AI and related digital technologies. Comviva’s greatest strength has been our intelligent platforms that deliver personalized experiences and engagement across the customer journey,” said Rajesh Chandiramani, CEO at Comviva. “We are excited by this recognition as we believe that this affirms our strategic direction and leadership in revolutionizing telecommunications with AI. Comviva’s strong position in the quadrant validates our commitment and progress toward leveraging next-gen technologies in our solutions to deliver exceptional customer experiences.”
Comviva integrates state-of-the-art AI technologies across its comprehensive product portfolio, driving innovation, enhancing customer experiences, and optimizing business operations for Communications Service Providers (CSPs) around the world.
Source: Gartner Magic Quadrant for AI in CSP Customer and Business Operations, by Pulkit Pandey, Amresh Nandan, Peter Liu, 4 June 2024.
GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally, MAGIC QUADRANT is a registered trademark of Gartner, Inc. and/or its affiliates and are used herein with permission. All rights reserved.
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Sundeep Mehta, +91()9910030732, [email protected] 
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Jacobi releases Model Portfolio Tech to help investment firms capitalise on booming opportunity

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The search for technology to support model portfolio management and portfolio construction services is increasing as companies look to centralise and scale their model portfolio management and compete in a rapidly growing market.
LONDON, June 26, 2024 /PRNewswire/ — The utilisation of model portfolios among financial advisers has emerged as a transformative force, with staggering growth in model portfolios projected to continue over the next decade. And with good reason, they offer an efficient method for diversification, risk management, and portfolio construction, with personalisation features to match the unique financial goals and risk tolerances of clients.

Financial advisers are also increasingly turning to asset managers for assistance in managing the model portfolios they build and maintain for clients. Jacobi’s model management technology enables asset managers to scale the portfolio construction services they offer financial professionals. The technology enables a platform that can centralise performance and risk analytics, integrate investment workflows, and produce professional reports to share with clients.
An early adopter of Jacobi’s model technology, leading asset manager T. Rowe Price has seen improved process efficiencies and enhanced engagement with clients.
Chris Augelli, Head of Advisor Engagement & Portfolio Construction Solutions at T. Rowe Price, says:
“Jacobi’s technology has enabled us to work faster and handle the increasing demand for our portfolio construction services. Having the team on one common platform through Jacobi has facilitated collaboration in real-time, which has supported our effectiveness in meeting clients’ needs.”
Tanya Bartolini, Chief Revenue Officer at Jacobi, says:
“Our technology helps us partner with asset managers such as T.Rowe Price to scale and connect workflows, driving enormous efficiencies – and ultimately increasing their market distribution.”
About Jacobi
Jacobi Inc. is a global investment technology provider that streamlines multi-asset investment processes and enables portfolio design, analysis, and client engagement. Its unique “open architecture” platform allows users to tailor the platform by integrating their own code, models, data, analytics, and applications.
Founded in 2014, Jacobi provides its technology to top-tier investors across the globe, including some of the world’s leading asset and wealth managers, pension funds, asset owners, and investment consultants. 
About T.Rowe Price 
Founded in 1937, T. Rowe Price helps people around the world achieve their long-term investment goals. As a large global asset management company known for investment excellence, retirement leadership, and independent proprietary research, the firm is built on a culture of integrity that puts client interests first. Investors rely on the award-winning firm for its retirement expertise and active management of equity, fixed income, alternatives, and multi-asset investments. T. Rowe Price manages $1.54 trillion in client assets as of May 31, 2024, and it serves millions of clients globally.
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