Day: June 24, 2021

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JW Player Raises $100M in Series E To Help Fuel Growth in the Rapidly Expanding Digital Video Economy

Capital will help accelerate JW Player’s growth and expand its already robust platform, empowering customers with independence and control in the Digital Video Economy

NEW YORK, June 24, 2021 (GLOBE NEWSWIRE) — JW Player, the leading video software and data insights platform, today announced it has raised $100M in Series E funding from LLR Partners. The latest investment comes on the heels of record video streaming growth and strong profitability during the previous 12 months. With this financing, JW Player will accelerate product innovation to meet the rapidly changing demands of customers in today’s digital video environment, expand its global go-to-market footprint across sales, marketing and channel partnerships and continue to grow and invest in building a world-class team.

The funding round follows JW Player’s recent acquisition of VUALTO, a leading provider of live and on-demand video streaming and Digital Rights Management (DRM) solutions, that deepened the company’s offering to global broadcasters. In the days following the acquisition, JW Player has seen a material uptick and influx of sales and pipeline, especially in the LATAM and APAC regions.

Started as a hugely-popular open source video player, JW Player’s API-driven video platform now empowers hundreds of thousands of customers to independently control and operate their mobile, OTT and Web video applications at global scale. Importantly, JW Player includes unique data-driven services and knowledge so that customers can more effectively grow and engage their audiences and generate more incremental revenue from their video investments. In the last year alone, the company’s video streaming grew by nearly 200%, while its live streaming delivery increased by over 400%.

This financing arrives as the consumption of digital video continues its push to the mainstream. Video now comprises over 80% of all traffic on the internet, and according to JW Player data, people are consuming over two hours of digital video each day, a 40% increase since the beginning of 2020. As a result, a digital video strategy has become a ‘must have’ not only for media companies, but also for organizations of all types, including fitness, e-commerce, sports and e-learning businesses, among others. These organizations have a diverse range of needs, require a flexible video platform that allows them to engage with their audiences on the screens of their choice and demand a quantifiable ROI from their video investments. Given these dynamics, the addressable market is on target to grow from $14B today to $50B by 2027, a 20% CAGR.

“Video has entered into a golden age, and we now live in the Digital Video Economy. By combining our easy-to-use video platform technology with our unique consumption and contextual data insights, JW Player has a distinct advantage in helping customers grow their audiences, create world-class video experiences on any screen, and most importantly, generate more revenue,” said Dave Otten, CEO and co-founder of JW Player. “As we enter this next phase, we are thrilled to partner with LLR. LLR’s team brings decades of unmatched support and expertise in growing industry-changing software companies and will undoubtedly help us accelerate our success as we pursue this massive market opportunity together.”

“JW Player has been at the forefront of digital video innovation ever since founder Jeroen Wijering created YouTube’s original video player in 2008. Today, the company offers the most comprehensive technology, advertising and data analytics platform in the digital video ecosystem,” said David Reuter, Partner at LLR Partners. “We look forward to partnering with the JW Player team as they expand their platform and continue to elevate the way brands can host, stream and monetize video.”

About JW Player
JW Player is the leading video software and data insights platform that gives customers independence and control in today’s Digital Video Economy. Started in 2008 as a hugely popular open-source video player, JW Player ’s technology platform now powers digital video for hundreds of thousands of businesses, including half of the comScore top 50 sites in the US, leading broadcasters across EMEA, APAC and Latin America. Each month 1 billion viewers, or one third of all people on the Internet, consume video on JW Player’s technology across 2.7 billion devices, creating an unmatched and powerful consumption and contextual data graph that helps customers grow audiences and generate incremental video from digital video. The company is headquartered in New York, with offices in London and Eindhoven, visit http://www.jwplayer.com.

About LLR Partners
LLR Partners is a middle market private equity firm investing in technology and healthcare businesses. We collaborate with our portfolio companies to identify and execute on key growth initiatives and help create long-term value. Founded in 1999 and with more than $5 billion raised across six funds, LLR is a flexible provider of equity capital for growth, recapitalizations and buyouts. Learn more at https://www.llrpartners.com/.

Media Contacts:
Fatimah Nouilati
Scratch Marketing + Media for JW Player
fatimah@scratchmm.com

Kristy DelMuto
LLR Partners
kdelmuto@llrpartners.com

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Lantronix Announces SmartEdge Partner Program Award Winners

SmartEdge Partner Program Winners Are Tech Data, SHI, Presidio, Atlantik, Arki, Data Equipment, Acromax, Rahi System India and Enthu Technology Sdn. Bhd.

IRVINE, Calif., June 24, 2021 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM) offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware, today announced the winners of its SmartEdge™ Partner Program Awards. The awards were given at Lantronix’s 2021 SmartEdge Partner Summit held virtually on June 23, 2021.

Lantronix’s SmartEdge Partner Program Awards were given to winners in three categories: Distribution Partner, StrategicEdge Partner and Edge Partner covering three regions: North America, Europe/Middle East/Africa and Asia Pacific.

The winners are:
North America
North America Distributor Partner of the Year: Tech Data
North America StrategicEdge Partner of the Year: SHI
North America Edge Partner of the Year: Presidio

Europe/Middle East/Africa (EMEA)
EMEA Distributor Partner of the Year: Atlantik Elektronik
EMEA StrategicEdge Partner of the Year: Arki Technology
EMEA Edge Partner of the Year: Data Equipment

Asia Pacific (APAC)
APAC Distributor Partner of the Year: Acromax
APAC StrategicEdge Partner of the Year: Rahi Systems, India
APAC Edge Partner of the Year: Enthu Technology Sdn. Bhd.

“We are pleased to honor the SmartEdge Partner Program winners, all of which have exceeded our program requirements and expectations in driving sales and building long-term relationships with our mutual customers,” said Roger Holliday, VP of WW Sales at Lantronix.

SmartEdge Partner Program One-Year Anniversary

Lantronix celebrated the one-year anniversary of its new SmartEdge Partner Program in April 2021. “The Lantronix SmartEdge Partner Program has attracted the industry’s top channel partners,” said Jonathan Shipman, VP of Strategy at Lantronix. “With our SmartEdge Program, our channel partners offer Lantronix’s integrated offering of software, hardware and service solutions, providing their customers with everything they need to build robust, secure connectivity-based solutions.”

Lantronix Named to CRN Partner Program Guide

Lantronix’s SmartEdge Partner Program has been named to the industry’s leading partner program guide, the CRN Partner Program Guide. Published by CRN®, a brand of The Channel Company, this annual guide provides a conclusive list of the most distinguished partner programs from leading technology companies that provide products and services through the IT Channel. The 2021 Partner Program Guide is online at www.CRN.com/PPG.

About the SmartEdge Partner Program

Lantronix’s SmartEdge™ Partner Program was designed to help Value-Added Resellers (VARs) and Systems Integrators (SIs) drive revenues by differentiating their offerings with Lantronix’s innovative Industrial Internet of Things (IoT), Remote Environment Management (REM), Out-of-Band Management (OOBM) and Mobility/Connectivity solutions.
For more information on the Lantronix SmartEdge Partner Program, visit www.lantronix.com/partners.

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware. Lantronix enables its customers to provide reliable and secure solutions while accelerating their time to market. Lantronix’s products and services dramatically simplify operations through the creation, development, deployment and management of customer projects at scale while providing quality, reliability and security.

With three decades of proven experience in creating robust IoT technologies and OOBM solutions, Lantronix is an innovator in enabling its customers to build new business models, leverage greater efficiencies and realize the possibilities of the Internet of Things. Lantronix’s solutions are deployed inside millions of machines at data centers, offices and remote sites serving a wide range of industries, including energy, agriculture, medical, security, manufacturing, distribution, transportation, retail, financial, environmental and government.

Lantronix is headquartered in Irvine, Calif. For more information, visit www.lantronix.com. Learn more at the Lantronix blog, www.lantronix.com/blog, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit www.twitter.com/Lantronix. View our video library on YouTube at www.youtube.com/user/LantronixInc or connect with us on LinkedIn at www.linkedin.com/company/lantronix.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products are forward-looking statements. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2020, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2020, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2021 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark, and EMG and ConsoleFlow are trademarks of Lantronix Inc. Other trademarks and trade names are those of their respective owners.

© 2021. CRN is a registered trademark of The Channel Company, LLC. All rights reserved.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

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ACCA and P@SHA to join hands in promoting Pakistan as a knowledge economy

Islamabad, June 24, 2021 (PPI-OT):A Memorandum of Understanding (MoU) has been signed between P@SHA (Pakistan Software Houses Association for IT and ITES), Pakistan’s sole representative trade body for the IT and ITES sector, and ACCA (Association of Chartered Certified Accountants), the world’s leading body for professional accountants. Both organizations have committed to work together towards accelerating Pakistan’s inclusive economic growth through development of technology eco-system and digital acceleration.

Speaking at the signing ceremony in Islamabad, Head of ACCA Pakistan, Sajjeed Aslam, shared:

“We are really excited to partner with P@SHA to jointly promote technology development and digital acceleration of Pakistan into a knowledge economy and hub of shared services, making IT and ITES (including AI, Data Science, Blockchain, Fintech, Robotics process automation, Finance and Accounting etc.) the top contributor to Pakistan’s exports and job creation.

Key focus would remain to super connect the innovation value chain for the development of human capital and branding of Pakistan amongst globally recognized knowledge economies. This will amplify our contribution towards a better, fairer, more sustainable future for all.”

Sharing the details of the MoU, Barkan Saeed, Chairman, P@SHA, said:

“P@SHA, as the functional trade association for IT industry in Pakistan, continues to co-create policies and environment that help upskill the youth of Pakistan and enable sustainable IT industry growth (locally and internationally). With growing local and global influence, P@SHA’s collaboration with ACCA aims to develop future-ready human capital, infrastructure and connectivity through STZs, entrepreneurship, investment opportunities, policies/ regulations intervention and integrated joint research on digital transformation ecosystem. Other areas include mentorship and development of finance talent in P@SHA member organizations”.

For more information, contact:
Association of Chartered Certified Accountants Pakistan (ACCA)
Office No. 5, 2nd Floor, SNC Centre,
Fazal-ul-Haq Road, Blue Area, Islamabad, Pakistan
Tel: +92-51-111-222275
Fax: +92-51-2876605
Email: info@pk.accaglobal.com
Website: www.pakistan.accaglobal.com

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Sir Syed University presents certificates to successful trainees

Karachi, June 24, 2021 (PPI-OT):Sir Syed University of Engineering and Technology organized an impressive certificate distribution ceremony for the first batch of students of Prime Minister Hunarmand Pakistan Programme at the campus. Chief guest on the occasion, Nabeela Umer, DG NAVTTC, Sindh Region along with Vice Chancellor SSUET, Prof Dr Vali Uddin, Registrar SSUET, Syed Sarfraz Ali gave certificates to the students who successfully completed the vocational training.

DG NAVTTC Program, Nabeela Umer, met Chancellor Jawaid Anwar and Vice Chancellor Prof Dr Vali Uddin and discussed various proposals for further improvement of the program. Chancellor Jawaid Anwar presented the memento to Nabila Umer. Appreciating the performance of the Sir Syed University, DG NAVTTC Program, Nabeela Umer said, “The University managed this programme very efficiently and successfully. It is highly commendable that Sir Syed University has become a valued partner of NAVTTC.

She said that it was for the first time that government has launched free Hi-Tec courses for the students to increase the chances of employment. Time now demands us to focus on updating with the western world. Students are country’s asset who are the main source to enhance the resources of the country.

Speaking on the auspicious occasion, Vice Chancellor, Prof Dr Vali Uddin said, “According to an estimate, only 1.5% young population of the country can avail higher education at university level due to various socio-economic reasons. It seems that economic development can take place by promoting vocational training for the youth, especially those who are unable to get higher educations.”

He pointed out that the university seeks to integrate higher-level education and corporate sector’s demands to emerge as full-fledged metropolitan university oriented to address the social, economic, environmental and technological issues. Sir Syed University seeks to accomplish its mission in collaboration with the government and its public sector institutes. Moreover, the university has developed good linkage with the industry. It is, therefore, in a good position to provide internship and employment opportunities in diverse fields to its students through its partnering organizations.

Presenting the vote of thanks, Registrar SSUET, Syed Sarfraz Ali said, “Due to the remarkable efforts made by NAVTTC, the youth of Pakistan is now capable to come up with successful stories. Today is certainly an eventful occasion because the first batch of NAVTTC from SSUET are receiving their certificates. The students should be indebted to the government of Pakistan and especially NAVTTC for equipping them with skills that will make them stand out amongst others in practical life and future adventures.

Project Director, Dr. Tahir Fattani gave a very informative presentation. Muhammad Ali Chachar, Director NAVVTC, Azizullah Chandio, Deputy Director NAVVTC, Qadeer Sahoo, Asst. Director NAVTTC, Prof. Dr. Mir Shabbar Ali and others were also present on the occasion. The ceremony concluded with the distribution of certificates amongst the students of the first batch. Director NAVTTC, Muhammad Ali Chachar also spoke on the occasion.

For more information, contact:
Deputy Director Information,
Sir Syed University of Engineering and Technology (SSUET)
University Road, Karachi-75300, Pakistan
Mobile: 0333-2197581
Tel: +92-21-4988000-2, 4982393-474583
Fax: +92-21-4982393
Email: ahdaccani@gmail.com
Website: https://ssuet.edu.pk/

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Indonesian Consul General visits International Center for Chemical and Biological Sciences, University of Karachi

Karachi, June 24, 2021 (PPI-OT):The Indonesian Consul General in Karachi, D. June Kuncoro Hadiningrat has visited the International Center for Chemical and Biological Sciences (ICCBS) University of Karachi recently. In his visit, Dr Hadiningrat had a meeting with Prof. Dr M. Iqbal Choudhary, Director of the International Center for Chemical and Biological Sciences, and COMSTECH Coordinator-General, and discussed various topics of mutual interest. The spokesman of the ICCBS on Thursday said that the Indonesian Consul General also met with four scholars from the Airlangga University of Indonesia, pursuing their research work at the ICCBS – University of Karachi.

Following the MOU, signed between ICCBS – University of Karachi and Indonesian institutions, Indonesian scholars visit the international center to have research in a joint research program in the field of chemical and biological research. Dr Hadiningrat, while having a few words in praise of the research center, said that ICCBS – University of Karachi had passed various milestones on the road towards the area of research in chemical and biological sciences.

“The Indonesian government would like to see closer cooperation between Pakistani and Indonesian research and academic institutions,” he said and thanked the scientists at ICCBS for their cooperation with Indonesian scholars. In his speech, Prof. Choudhary welcomed the Indonesian official to the largest research establishment of Pakistan, and hoped that the joint research program between Pakistani and Indonesian scholars would pass another milestone on the way to mutual cooperation between the two countries.

He also hoped that cooperation with Indonesia can also include research and development of vaccines. ICCBS is the only institution in Pakistan that is not only certified by ISO but also became ‘UNESCO, WHO, OIC, and NAM- S and T Centre for Excellence’.

For more information, contact:
Public Relations Officer,
University of Karachi
Tel: +92-21-99261351 (Ext. 2294, 2306)
Fax: +92-21-99261330
Email: pro@uok.edu.pk
Website: www.uok.edu.pk

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UVAS arranges post-budget dialogue focusing livestock sector (especially poultry, dairy and meat)

Lahore, June 24, 2021 (PPI-OT):University of Veterinary and Animal Sciences (UVAS) Lahore arranged a ‘post-budget dialogue focusing livestock sector’ in which representatives from poultry, dairy and meat industries and senior university faculty discussed the budget implications especially on poultry, dairy and meat sectors here on Thursday.

UVAS Vice-Chancellor Prof Dr Nasim Ahmad and Vice-Chancellor University of Education Lahore Prof Dr Talat Naseer Pasha co-chaired the session. The dialogue participants recommended that dairy, poultry and meat should be included in the zero rated sectors with focus on reducing the input cost of livestock related businesses. It was demanded that the general sales tax and duties concessions enjoyed by agriculture sector should also be extended to the dairy, meat and related industries in true letter and spirit. The participants also recommended enhancing import duty on skimmed milk.

At the same time a great concern was shown by poultry industry stakeholders that the government has started intervening in the price fixing of poultry/broiler meat which will have severe negative repercussions for this industry. The representatives from Pakistan Dairy Association stressed on the need for reverting back the increased sales tax on value added products which has been proposed to increase from 10% to 17%. They pointed out that heavy import duties/taxes on main feed ingredients are badly affecting the poultry feed industry of Pakistan.

Speaking on the occasion, UVAS Vice Chancellor Prof Nasim Ahmad said that UVAS was playing the leading role of a think-tank and is arranging such debates for the larger benefit of society. He also emphasized the impact of policy research papers produced by CAPRIL at UVAS Business School.

Prof Dr Talat Pasha emphasized on taking necessary steps to revive the poor farmer who is being crushed based on the fact that he is not being given due share out of long struggle of dairy farming. He emphasized that the UVAS Center for Applied Policy Research should extensively work on policy issues as torch bearer for livestock sector as a neutral actor.

Earlier UVAS Business School and CAPRIL Director Prof Dr Rana Muhammad Ayyub, explained the impact of the federal and Punjab budgets 2020-21 on dairy, poultry and livestock sector as a whole. He explained custom duties, subsidies and investment opportunities related to livestock sector in this budget.

For more information, contact:
Public Relations Officer
University of Veterinary and Animal Sciences (UVAS)
Syed Abdul Qadir Jillani (Out Fall) Road,
Lahore – Pakistan
Tel: +92-42-99211374, +92-42-99211449
Email: webmaster@uvas.edu.pk
Website: www.uvas.edu.pk