Connect with us
European Gaming Congress 2024

Artificial Intelligence

Giza Arabia Expands Portfolio with Majority Stake Acquisition of Logical Applications for Business Solutions (LABS)

Published

on

giza-arabia-expands-portfolio-with-majority-stake-acquisition-of-logical-applications-for-business-solutions-(labs)

RIYADH, Saudi Arabia, Aug. 12, 2024 /PRNewswire/ — Giza Arabia, a subsidiary of Giza Systems and owned by solutions by stc, the leading enabler of digital transformation in Saudi Arabia, announces its successful acquisition of a majority stake in LABS (Logical Applications for Business Applications Co.), the preeminent SAP Gold Partner in the Middle East. This strategic move represents a significant leap forward in Giza Arabia’s growth strategy and solutions.

Renowned for its expertise in delivering SAP solutions to organizations of all sizes across diverse industries, LABS will now operate as an integral part of Giza Arabia’s expanding operations. This acquisition strengthens Giza Arabia’s position as a digital transformation enabler, enhancing its ability to cater to the evolving needs of clients seeking seamless digital transformation journeys while showcasing its commitment to innovation and market expansion.
Osama Sorour, CEO of Giza Systems, stated, “We are thrilled to welcome LABS into the Giza Systems family. Their distinguished track record as a SAP Gold Partner perfectly aligns with our commitment to delivering innovative and impactful solutions to our clients. This acquisition expands our market presence in key regions such as KSA and Egypt, complements our offerings, and ensures that we continue to support our clients’ digital transformation journeys.”
Mahmoud Deyab, CEO at LABS, said, “Collaborating with Giza Arabia opens up exciting prospects for LABS and our clients. We are confident that this strategic alliance will empower us to deliver even greater value and innovation to our customers, leveraging our combined strengths in SAP solutions and digital transformation.”
Headquartered in Jeddah and operating across KSA, Egypt, Bahrain and UAE, LABS brings over 10 years of experience in assisting organizations in identifying, acquiring, implementing, servicing, supporting, and optimizing SAP solutions tailored to their specific needs. With a comprehensive suite of SAP Business Management Applications, Business Profitability & Growth Analytics, Enterprise Mobility, and Database & Technology-related services, LABS contributes significantly to enhancing Giza Arabia’s capabilities to better support clients and expand its market reach.
The partnership with LABS opens doors for exploring new sectors and customer segments, particularly in the government sector in KSA, while enabling Giza Arabia to leverage their combined expertise to provide customers with comprehensive 360 degrees solutions encompassing SAP and cloud technologies. Through the implementation of the renowned SAP Analytics Cloud across all clients’ SAP and non-SAP systems, Giza Arabia aims to deliver real-time insights, empowering clients to make data-driven decisions and drive greater efficiency and growth.
This strategic partnership not only underscores Giza Arabia’s commitment to innovation and market expansion but also highlights solutions by stc’s pivotal role as a driving force in the digital transformation landscape in Saudi Arabia.
About Logical Applications for Business Solutions – LABS
Logical Applications for Business Solutions (LABS) is a leading SAP Partner and a certified SAP Partner Center of Expertise (PCOE) specializing in providing innovative digital transformation solutions to businesses across the MENA region. With a team of over 100 highly skilled SAP consultants across the entire suite of SAP solutions. Their unwavering commitment to excellence has earned them numerous awards and glowing client testimonials and a proven track record of success, LABS is dedicated to helping clients achieve their business goals through the power of technology.
For more information, please visit: https://www.labs-is.com/home/en.
About Giza Arabia
Giza Arabia is a subsidiary of Giza Systems, the leading digital transformation enabler and systems integrator in the MEA region. It designs and deploys industry-specific technology solutions for asset-intensive industries such as the Telecoms, Utilities, Oil & Gas, Smart Mobility and other market sectors. Giza Arabia helps its clients streamline their operations and businesses through their portfolio of solutions, managed services, and consultancy practice. Giza Arabia’s team of over 600 professionals present in the KSA, and serving over 3 countries, is part of Giza Systems team of 2,400 professionals spread throughout the MEA region with anchor offices in Cairo, Riyadh, Dubai, Doha, Nairobi, Dar es Salaam, Kampala and New Jersey, allowing the Company to service an ever-increasing client base in over 25 countries.
In 2022, Giza Systems Group was acquired by solutions by stc.
For more information, please visit: https://gizaarabia.com.
About solutions by stc
solutions by stc is the Kingdom’s leading enabler of digital transformation and the number one IT service provider in the Kingdom, enabling the public and private sectors to transform, reach and scale into a new digital age.
solutions by stc provides clients integrated technology solutions through a broad portfolio that enhances their day-to-day operations. Its core ICT services are designed to enable, manage and scale businesses. 
Solutions launched its operations over decades ago and to date has serviced almost 24,000 clients across 35 cities in Saudi Arabia and in key sectors, including financial services, healthcare and education. solutions by stc has approximately 1,500 employees with over 1,000 certified on key technologies and business domains. 
For more information, please visit: https://solutions.com.sa.

View original content:https://www.prnewswire.co.uk/news-releases/giza-arabia-expands-portfolio-with-majority-stake-acquisition-of-logical-applications-for-business-solutions-labs-302219741.html

Continue Reading
Advertisement

Artificial Intelligence

G42 Collaborates with NVIDIA to Deliver Next-Generation Climate Solutions Using Earth-2

Published

on

g42-collaborates-with-nvidia-to-deliver-next-generation-climate-solutions-using-earth-2

ABU DHABI, UAE, Sept. 20, 2024 /PRNewswire/ — G42, a leader in AI and cloud computing, today announced that it is partnering with NVIDIA to advance climate technology with a focus on developing AI solutions aimed at dramatically enhancing the accuracy of weather forecasting globally.

The collaboration builds on NVIDIA’s Earth-2, an open platform that accelerates climate and weather predictions with interactive, AI-augmented, high-resolution simulation. G42 and NVIDIA will initially focus on a square-kilometer resolution weather forecasting model that improves the accuracy of meteorological predictions.
Key to this initiative is the establishment of a new operational base and Climate Tech Lab in Abu Dhabi. This state-of-the-art facility will serve as a hub for research and development, driving forward both companies’ commitment to environmental sustainability. This facility will also mobilize the creation of tailored climate and weather solutions that leverage over 100 petabytes of geophysical data assets.
Peng Xiao, Group CEO of G42, said, “This initiative with NVIDIA is a testament to our commitment to applying AI in ways that not only innovate but also solve critical global challenges. Establishing the Earth-2 Climate Tech Lab in Abu Dhabi allows us to leverage our unique capabilities and insights to foster a sustainable future for the world.”
In addition to fostering innovation in climate technology, the initiative will focus on building a robust framework for integrating enhanced weather prediction capabilities with comprehensive data metrics and visualization. This will assist organizations worldwide in achieving their sustainability goals through well-informed, data-driven environmental strategies.
“Our collaboration with G42 marks a pivotal step toward harnessing AI to understand and predict climate phenomena with unprecedented accuracy,” said Jensen Huang, founder and CEO of NVIDIA. “The Earth-2 Climate Tech Lab will propel environmental solutions using the most advanced accelerated computing and AI technology to benefit millions of people around the world.”
By uniting G42’s AI expertise with NVIDIA’s computational acumen, this partnership aims to deliver transformative climate solutions that combine scientific accuracy with real-world applicability, driving impactful change across industries and ecosystems.
About G42
G42 is a technology holding group, a global leader in creating visionary artificial intelligence for a better tomorrow. Born in Abu Dhabi and operating worldwide, G42 champions AI as a powerful force for good across industries. From molecular biology to space exploration and everything in between, G42 realizes exponential possibilities, today. To know more visit www.g42.ai.
Media contactsMedia and PR Team, [email protected]

View original content:https://www.prnewswire.co.uk/news-releases/g42-collaborates-with-nvidia-to-deliver-next-generation-climate-solutions-using-earth-2-302253818.html

Continue Reading

Artificial Intelligence

GEEKOM releases a perfect mini PCs with dual 2.5Gbps Ethernet ports – GEEKOM GT1 MEGA

Published

on

geekom-releases-a-perfect-mini-pcs-with-dual-2.5gbps-ethernet-ports-–-geekom-gt1-mega

TAIPEI, Sept. 20, 2024 /PRNewswire/ — GEEKOM, a Taiwanese tech company also known as the Green Mini PC Global Leader, recently released a strong lineup of flagship mini PCs with Intel Core Ultra processors and dual Ethernet ports, making it possible for users to enjoy impeccable performance and superb networking functionalities at the same time.

One of these mini PCs is the GEEKOM GT1 Mega, which employs a beautiful aluminum chassis with plenty of I/O, including two full-function 40Gbps USB4 Type-C, six USB Type-A, 2 HDMI2.0, a 3.5mm audio jack, an SD card reader and dual Ethernet ports. The two Ethernet jacks are both of 2.5Gbps standard, which not only delivers high-speed and reliable internet connection for people’s daily computing chores, but also enables the mini PC to serve more sophisticated networking functionalities as a soft router, a virtual machines, a hardware firewall, or even a home server. Besides, dual Ethernet ports can separate internal and external network connections, providing logical and physical separation of trusted and untrusted network traffic and keeping data safe from potential cyber-attacks.
The GT1 Mega is powered by Intel’s latest and smartest Core™ Ultra processor (up to CoreTM U9-185H) and dual-channel DDR5-5600MHz RAM. Thanks to the new CPU, GPU, and NPU three tier multi-processing architecture, the mini PC is ready to harness the superpowers of Artificial Intelligence. It is compatible with more than 500 AI models across 20+ categories and supports high-performance low-power processing in a wide range of computing scenarios, which include enhancing facial features and blurring the background during video calls, removing the vocals from songs to create karaoke tracks, and generating large-scale images based on texts or voice commands. Basically, the GT1 Mega allows users to finish tasks that used to take hours or even days through only a few keystrokes!
The GEEKOM GT1 Mega,is now available on GEEKOM’s official website.
Photo – https://mma.prnewswire.com/media/2508472/image_5019393_24175809.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/geekom-releases-a-perfect-mini-pcs-with-dual-2-5gbps-ethernet-ports—geekom-gt1-mega-302253057.html

Continue Reading

Artificial Intelligence

Lucinity Partners with Sift for Unified Fraud and AML Case Management

Published

on

lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management

SAN FRANCISCO, Sept. 19, 2024 /PRNewswire/ — Lucinity and Sift have announced a partnership, unifying fraud and Anti-Money Laundering (AML) into Lucinity’s integrated FinCrime compliance platform for case management, agent-enabled workflow automation, and Generative AI.

Sift is an AI-powered fraud platform securing digital trust for leading global businesses. Its Global Data Network analyzes more than 1 trillion events and identity signals per year to prevent fraud across the entire consumer journey. Lucinity and Sift formed this new partnership to address the challenges of fragmented fraud and AML systems, aiming to centralize and enhance financial crime investigations.
Sift’s AI-powered solution will now be integrated into Lucinity’s platform. This collaboration enhances Lucinity’s ability to provide a seamless and efficient compliance solution. It allows teams to review and manage fraud alerts more effectively through Lucinity’s unified Case Management system, thanks to the native integration between the systems. Key benefits to Lucinity’s users include:
Real-Time Fraud Screening: Payments are screened for potential fraud in real time, utilizing Sift’s fraud detection capabilities.Automatic Payment Holds: Payments suspected of fraud are temporarily held, ensuring verification before processing.Streamlined Reviews: Compliance teams can conduct thorough reviews of flagged payments within Lucinity’s Case Management solution.Risk Level Adjustments: Fraud detection parameters can be customized to adjust sensitivity levels, adapting to emerging fraud trends and risk appetites.This partnership also enables users to leverage Lucinity’s Generative AI capabilities through the Luci copilot to investigate fraud cases more efficiently.
Udi Nessimyan, President and Chief Revenue Officer of Lucinity, comments, “One of the greatest challenges in fighting financial crime is fragmented systems and data. Our partnership with Sift helps address this challenge by providing a centralized platform for various case types, including AML, fraud, sanctions, and ad hoc cases. Our collaboration significantly enhances the productivity of investigation teams, reducing the time spent on cases from hours to minutes.”
Sift’s Chief Marketing Officer, Armen Najarian, emphasizes the collaborative effort to enhance financial crime prevention, stating, “Cybercriminals are increasingly leveraging AI to bypass traditional anti-money laundering and fraud controls, creating sophisticated and dynamic threats. To combat these evolving risks, companies must adopt a ‘fight fire with fire’ approach by leveraging AI-powered solutions. Through Sift’s partnership with Lucinity, businesses can stay ahead of fraudsters, ensuring robust protection against abuse and enabling fearless growth.”
About Sift: https://sift.com About Lucinity: https://lucinity.com
Media contact:Celina [email protected] +354 792 4321

View original content:https://www.prnewswire.co.uk/news-releases/lucinity-partners-with-sift-for-unified-fraud-and-aml-case-management-302253487.html

Continue Reading
Advertisement
Advertisement

Latest News

Trending