TRAVELSPICE Wins Travel-tech Startup of the Year 2018 Award and Grant of Rs 15 lakhs from Government of Karnataka

Business Wire India

Karnataka and Bangalore based Travel-tech startup TRAVELSPICE®, wins Travel-tech startup of the year 2018 award and grant of Rs 15 Lakhs from the Government of Karnataka at an impressive function at Bangalore Palace on Sunday. The check was handed over by Hon. Minister ITBT & Tourism, Shri Priyank Kharge in the presence of Shri Krishna Byre Gowda, Hon. Agricultural Minister, Mr. Ravi Gururaj, member executive council and product council of NASSCOM and other officials and dignitaries.

Founded by Ramu Kallepalli, Prashant Mitta and Ankit Manglik in February, 2017, Travelspice Now Pvt. Ltd. works with 8000+ star hotels in more than 220 cities across India and 10 cities outside the country. The Bangalore-based startup targets brand-agnostic, intelligent and value-conscious consumers, to provide deep discounts on hotel bookings. Hotels benefit, as they fill perishable room inventory with fully paid and non-refundable bookings without violating rate parity mandates and without lowering their brands.
 
"TRAVELSPICE is based on the unique opaque model well suited for intelligent Indian consumer and has rapidly made a mark in the online hotel booking industry," said Hon. Minister of ITBT and Tourism Shri Priyank Kharge, Government of Karnataka. "The grant we provided to Elevate100 startups will accelerate their product innovation and go to market strategies. We are looking forward for TRAVELSPICE to provide employment to youth in Karnataka and support hotels in tier 2 and tier 3 towns in Karnataka and across India."

"We are grateful to Shri Priyank Kharge and Government of Karnataka for this award and the grant of Rs 15 Lakhs. This is just a start. We will be a Rs 700 crore company in 4 years and revolutionise online hotel booking industry across the world with our unique innovations," said Ramu Kallepalli, CEO of TRAVELSPICE®. Source: Businesswire

Global Eagle to Elevate Airline Passenger Experience Over North America with More SES HTS Satellite Capacity

Business Wire India

Global Eagle Entertainment Inc. (NASDAQ: ENT) is aiming to provide airline passengers travelling across North America with a connected inflight experience far more like the one passengers enjoy on the ground, tripling the amount of high throughput satellite (HTS) capacity secured with SES Networks aboard the SES-15 satellite.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122006768/en/

 
Global Eagle to Elevate Airline Passenger Experience Over North America with More SES HTS Satellite  ...

Global Eagle to Elevate Airline Passenger Experience Over North America with More SES HTS Satellite Capacity (Photo: Business Wire)

SES announced that Global Eagle has secured a major increase of Ku-band capacity on its new hybrid SES-15 HTS satellite to enable the delivery of high-speed broadband and a wide range of inflight communications and operational applications aboard commercial airline flights throughout the US, including the increasingly important US mainland to Hawaii routes.

 

The multi-year agreement is the latest contract to be signed by Global Eagle. In the past several years, Global Eagle has doubled its capacity with SES Networks on an average of every eight months to meet the rising demand for high-quality inflight connectivity around the world.

 

“Global Eagle is dedicated to meeting the fast-growing airline passenger demand for inflight connectivity with robust, scalable satellite bandwidth anywhere in the world,” said Joshua Marks, Global Eagle’s Executive Vice President of Connectivity. “With the addition of this significant bandwidth from SES 15, Global Eagle will have the largest satellite aviation network in North America.”

 

“SES operates the largest satellite fleet in the world, delivering secure, scalable capacity that enables SES Networks and our customers serving the aviation industry to stay well ahead of the ever-changing inflight connectivity requirements and demands,” explained John Matlaga, Vice President, Sales Aero & Fixed Data, North America at SES Networks. “Global Eagle and SES have struck this latest agreement to ensure the best possible passenger experience for millions of air travellers catching flights across North America.”

 

SES-15, which is now operational at 129 degrees West, is designed to serve air travel routes over North America, Latin America, and the Caribbean with a flexible mix of wide beam and spot beam coverage tailored to the requirements of individual airlines.

 

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About Global Eagle

 

Global Eagle is a leading provider of media, content, connectivity and data analytics to customers across air, sea and land. Global Eagle offers a fully integrated suite of rich media content and seamless connectivity solutions to airlines, cruise lines, commercial ships, high-end yachts, ferries and land locations worldwide. With approximately 1,500 employees and 50 offices on six continents, the company delivers the highest level of service and real-time support to a diverse customer base. Find out more at: globaleagle.com.

 

About SES

 

SES is the world-leading satellite operator and the first to deliver a differentiated and scalable GEO-MEO offering worldwide, with more than 50 satellites in Geostationary Earth Orbit (GEO) and 12 in Medium Earth Orbit (MEO). SES focuses on value-added, end-to-end solutions in two key business units: SES Video and SES Networks. The company provides satellite communications services to broadcasters, content and internet service providers, mobile and fixed network operators, governments and institutions. SES’s portfolio includes ASTRA, O3b and MX1, a leading media service provider that offers a full suite of innovative digital video and media services. SES is listed on the Euronext Paris and Luxembourg Stock Exchange (ticker: SESG). Further information available at: www.ses.com

 

 

 

 
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Source: Businesswire

Win 2 lakhs this Patriotic Day at Adda52 Rummy in Republic Day Tournament

Business Wire India
The 69th Republic Day is going to be celebrated with great zeal all over India this year and Adda52 Rummy also has special plans to honour the spirit of patriotism on this special day.

Adda52 Rummy brings another great opportunity for rummy players to showcase their extraordinary playing skills and knowledge in a big online rummy tournament and win great prizes.

Adda52 Rummy invites rummy players to participate in “Republic Day Tournament”, an exclusive mega rummy event where players from across the nation will compete against each other to enjoy their share from colossal Rs. 2,00,000 prize pool. The tournament will run on 26th January at 3.30 p.m. on the website. Any player with 2 loyalty points can participate in the tournament. All information about loyalty level program is available on the website.

Adda52 Rummy is known as the finest rummy portal in India which provides exciting opportunities to Indian rummy players to live their dream of winning big prizes and boost their bankroll by participating in intriguing, challenging, and greatly rewarding cash games and tournaments.

This year, the website is again all set to offer top quality games and seamless gaming environment to cater the growing demands of increasing number of rummy enthusiasts in India. Amateurs and Professional players-both can pit their skills in this action packed rummy battle and take a shot with just 2 LPs to win the grand prize.

Terms & Conditions:
  • Prize pool Rs. 2,00,000 is applicable for entire promotion i.e. on 26th Jan 2018.
  • Prize pool is Instant Cash Bonus.
  • Player should have at least 2 loyalty points to participate in the Republic Day tournament. To know more about the loyalty level program, please check the details available on the website.
  • Player must avoid any type of unfair gameplay to qualify.
  • Mobile verification is required to register in the tournament.
  • For any issues or concerns, please contact at info@adda52rummy.com
Celebrate the glory of the nation and feel the pride of living in world’s largest democratic country. Play your favourite card game, rummy online this Republic day and win fabulous prizes.

Make utmost use of this Republic Day tournament and win huge cash prize of Rs. 2 Lakhs.

Players can download Adda52 rummy app from the website and install it on android phones, PCs, and tablets to play rummy at the comfort of your home or office anytime.

Hurry up!! Book your seat now to participate in Republic Day Tournament at Adda52 Rummy.
Source: Businesswire

IDEMIA Announces Acquisition of Otono Networks and Its eSIM Orchestration Solution

Business Wire India

IDEMIA, the global leader in Augmented Identity for an increasingly digital world, announced the acquisition of Otono Networks and its industry-leading eSIM orchestration technology. Together, IDEMIA and Otono will offer a comprehensive eSIM lifecycle management solution to simplify the adoption of eSIM for both mobile operators (MNOs) and device manufacturers (OEMs).

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122006566/en/

 

This acquisition marks the first external expansion by the IDEMIA group, formed in 2017 when OT (Oberthur Technologies) and Safran Identity & Security (Morpho) joined forces, and illustrates IDEMIA’s strategic vision facing the future of connected devices.

 

By 2020, connected objects in use worldwide could reach 20.4 billion (source: www.gartner.com). Faced with the increasing number of new eSIM devices (smartphones, smartwatches, tablets, PCs, etc.) and IoT applications, MNOs and OEMs must confront several challenges, the most critical of which is navigating the complex architecture required to launch eSIM. New use cases create new challenges of implementation due to the strain on existing infrastructure. Teams must employ complex interfaces, manage different integrations between ecosystem elements, all while minimizing risk to existing B/OSS – which can lead to lengthy and costly integrations.

 

Otono’s cloud-based orchestration solution was designed specifically to handle eSIM and address all of these challenges. It provides a centralized hub that synchronizes eSIM activation and provisioning workflows with each element in the ecosystem. The integration of Otono’s orchestration hub into IDEMIA means customers can now have an end-to-end solution to manage the entire eSIM lifecycle while addressing the needs of all players including MNOs, OEMs, and end-users.

 

“In 2014, we began working with a major OEM on a market-first eSIM solution and found ourselves solving complex problems in the pursuit of our goal which was to maximize the potential of eSIM,” said Emir Aboulhosn, Founder of Otono Networks. “During that time, we had the opportunity to work with some of the leading eSIM vendors, and our experience with IDEMIA made it clear that we had found the perfect partner to help carry forward our vision and together with a combined solution accelerate the adoption of eSIM worldwide.”

 

Together, IDEMIA and Otono now have a GSMA-compliant solution that helps MNOs and OEMs rapidly support new devices onboarding eSIM, keeping pace with the industry’s growing appetite for always-connected devices. This single-vendor, single-integration solution was designed exclusively for eSIM and incorporates all the necessary elements for complete eSIM lifecycle management.

 

Components of the IDEMIA eSIM Lifecycle Management Platform:

 
  • Subscription Manager (SM-DP+)
  • Orchestration Hub
  • Digital Personalization System (DPS)
  • Websheet Server
  • Entitlement Server Ready

With a single integration, IDEMIA provides a comprehensive, future-proof solution that supports both Consumer and M2M GSMA RSP specifications including the ES2+ interface. It also eliminates the need for integration by customers, with no changes required to existing B/OSS, allowing for faster time to market and a lower cost of ownership.

 

“The acquisition of Otono delivers our customers a unique value proposition for eSIM management in the global market,” said Marek Juda, EVP Digital Labs IDEMIA. “Our comprehensive eSIM Lifecycle Management Platform is the best choice for both MNOs and OEMs looking to invest in eSIM. By launching the industry’s first truly infrastructure-agnostic solution, we are committed to providing operators with a way to bring eSIM devices to market faster, while offering long-term insurance in a fast-changing industry.”

 

By combining its existing core digital solutions, ranging from digitalization of customer registration to connectivity management, together with Otono’s orchestration hub, IDEMIA will become the unique market player offering an innovative, simple, end-to-end eSIM solution enabling a customer’s entire digital journey.

 

About IDEMIA

 

OT-Morpho is now IDEMIA, the global leader in Augmented Identity for an increasingly digital world, with the ambition to empower citizens and consumers alike to interact, pay, connect, travel and vote in ways that are now possible in a connected environment.

 

Securing our identity has become mission critical in the world we live in today. By standing for Augmented Identity, we reinvent the way we think, produce, use and protect this asset, whether for individuals or for objects. We ensure privacy and trust as well as guarantee secure, authenticated and verifiable transactions for international clients from Financial, Telecom, Identity, Public Security and IoT sectors.

 

OT (Oberthur Technologies) and Safran Identity & Security (Morpho) have joined forces to form IDEMIA. With close to $3 billion in revenues and 14,000 employees around the world, IDEMIA serves clients in 180 countries.

 

For more information, visit www.idemia.com / Follow @IdemiaGroup on Twitter

 

About Otono Networks

 

Otono Networks, Inc. is a leader in eSIM enablement and orchestration solutions for any device or mobile operator worldwide. The comprehensive cloud-based Otono Platform is the leading platform for anyone deploying eSIM-based devices to their network. It is able to seamlessly integrate with any existing mobile architecture to remove the complexities of eSIM implementation. Otono can provide the necessary middleware to complete integration and launch eSIM-enabled devices with significantly reduced risk, time to market and without major changes to existing networks.

 

For more information about Otono, visit www.otono.com / Follow @OtonoNetworks on Twitter

 

 

 

 
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Source: Businesswire

Takeda Recognized as a Global 100 Most Sustainable Corporation for Third Consecutive Year

Business Wire India

Takeda Pharmaceutical Company Limited [TOKYO:4502], (“Takeda”) is proud to be named by Corporate Knights as one of the 2018 Global 100 Most Sustainable Corporations in the World (Global 100) for the third consecutive year. This distinction is based on 17 key performance indicators including financial management, clean revenue, and supplier performance. Takeda performed in the top 25% on innovation capacity, receiving notable recognition for its leadership diversity. Global 100 companies in 2018 represent the top 1.3% in the world on sustainability performance. The Index launched in 2005; results are disclosed annually at the World Economic Forum in Davos.

 

As a LEAD company within the United Nations Global Compact, Takeda’s established track record in sustainability is guided by long-term international targets such as the Sustainable Development Goals (SDGs). Takeda is the only Japanese pharmaceutical company and among the four companies from Japan to make the final 100 in 2018, and one of just ten pharmaceutical companies in the world to be listed.

 

“Takeda is honored to be recognized once again for our commitment to sustainability, particularly alongside such distinguished global corporations,” said Haruhiko Hirate, Corporate Communications & Public Affairs Officer. “We strive to create and maximize long-term economic, social, and environmental value worldwide, led by our unique and diverse corporate governance, through our corporate social responsibility (CSR), which contributes to the lasting health of patients worldwide through long-term investments in disease prevention, capacity building, and access to healthcare. As a company, Takeda strives for Better Health and a Brighter Future for people worldwide through leading innovation in medicine, together with the global community.”

 

In addition to the Global 100 Index, Takeda is recognized by multiple Socially Responsible Investment (SRI) valuations.
 

Name of Index/Investment
Universe/Ratings

 

Company/
Organization Conducting
Assessment

  Country   Honors Awarded
Dow Jones Sustainability Asia Pacific Index   S&P Dow Jones Indices   US   8th consecutive year
FTSE4Good Global Index   FTSE Russel   UK   13th consecutive year
Ethibel EXCELLENCE Investment Register   Forum Ethibel   BEL   three times
Prime Status   Oekom   GER   first time
 

About Takeda Pharmaceutical Company
Takeda Pharmaceutical Company Limited (TOKYO:4502) is a global, research and development-driven pharmaceutical company committed to bringing better health and a brighter future to patients by translating science into life-changing medicines. Takeda focuses its R&D efforts on oncology, gastroenterology and neuroscience therapeutic areas plus vaccines. Takeda conducts R&D both internally and with partners to stay at the leading edge of innovation. Innovative products, especially in oncology and gastroenterology, as well as Takeda’s presence in emerging markets, are currently fueling the growth of Takeda. Approximately 30,000 Takeda employees are committed to improving quality of life for patients, working with Takeda’s partners in health care in more than 70 countries.
For more information, visit https://www.takeda.com/newsroom/.

 

Additional information about Takeda is available through its Sustainable Value Report, https://www.takeda.com/corporate-responsibility/Sustainable-Value-Report/.

 

 

 

 
Source: Businesswire

Augmont adds 500,000 Offline Touch Points to its Net, Spreads Wings to Smaller Towns

Business Wire India
Indian economy has evolved in its unique way where a large number of Indian consumers have found a middle ground by accepting Assisted E-commerce as the most preferred method of buying their requirements. Assisted E-commerce combines the benefits of the traditional brick and mortar stores and the regular digital commerce. Augmont, from the house of India’s oldest and most trusted brands to buy gold and silver, has been leading India’s charge into the next phase of investing in precious metals. Dominating the online and assisted e-commerce sales in India, Augmont just strengthened its distribution channel by being available at 500,000 (five lakh) touch points, taking its reach to the smallest Indian towns and villages where most sales still happen offline. This move makes Augmont one of the largest companies in India for the sale of gold, and it’s only going to get stronger.

Augmont’s range of products allows the consumers to buy the purest gold and silver in small quantities at the Best Prices Guaranteed. This gold and silver are stored in a secured vault controlled and monitored by an independent trustee. The customer can have the gold and silver delivered to their doorstep at their own convenience. This revolutionary way of investing in gold is now available to millions of Indians living in India’s smaller cities and towns, where customers prefer buying from a physical store.

Another product from the house of Augmont gives an option to the customer to buy coins and jewellery on EMI. Customers can choose from a huge variety of gold and silver coins, jewellery such as rings, pendants, bracelets, chains, earrings, and bangles. The costs are way lower than one would expect. All coins come with a purity of 999 (24 karats). Customers can pay for their purchases over the period of 3, 6, 9 months period. What’s more, they even have the option of cancelling their order during the EMI period! All of Augmont’s gold comes from their own refineries, giving them complete control over the quality.

Augmont is virtually making its products available in each and every town across the country. Most of these stores have an assisted e-commerce facility which makes it even easier for buyers. Augmont’s tie-up with a range of companies like Vakrangee, EbixCash, PayWorld, Sahaj e-Village, 5nance App takes it to the deepest corners of India. Vakrangee operates a franchisee network of over 37,000 centers across 18 states, providing a huge last-mile retail point. Ebix Cash has over 2.35 lakh physical retail touch points across 5,000+ Cities towns & District Headquarter.

Said Dinesh Nandwana, MD of Vakrangee, “There is immense goodwill for Augmont in the market. For years, they have supplied the purest gold. With the ease of buying gold through EMI, the convenience of buyback, home delivery, and the value for money, it is easily the best way to invest in precious metals. With Augmont’s backing & our physical presence, customers feel secure. This will help integrate online and offline investments in precious metals.”
 
Mahendra Bafna, Director of Augmont said, “Augmont has always been the pioneer in leading the way in technological advancement. Our refineries make the purest gold and silver in India, with 999 finesses. These offline partnerships are a strategic move to help us get closer to India’s masses that deserve the new age conveniences of our world-class products. They can now invest in gold for their parents and children, with the convenience they never imagined they had. This is a huge step not just for Augmont, but for the entire industry. It will revolutionalise the landscape and bring millions into the fold of electronic investments in gold and silver.”
 
With gold coins starting at Rs. 300, gold jewelry at Rs. 3,000 and 10 gram silver coins at Rs. 450, Augmont is causing a huge disruption in the as-yet primarily offline market. With the capability to deliver to almost every pin code in India, Augmont is taking investments in gold and silver to the corners of India that even the largest e-commerce companies have failed to reach.
Source: Businesswire

AECOM defines infrastructure’s next chapter with launch of its inaugural global report: The Future of Infrastructure

Business Wire India

Global survey combines data and opinions from more than 500 industry decision-makers to identify today’s infrastructure challenges and the opportunities ahead

  • Infrastructure will continue to play an important economic role, but is undervalued outside the industry: 82 percent of global respondents say that adequate investment in infrastructure projects is crucial to national prosperity.

  • Industry professionals are highly engaged, but they are also frustrated: 67 percent of respondents feel that the industry is not evolving fast enough to meet society’s changing needs.

  • Infrastructure funding shortages are hampering progress: 39 percent cite lack of public funding as one of the key reasons why civil infrastructure is failing to keep pace with society’s needs.

 

AECOM (NYSE:ACM), a premier, fully integrated global infrastructure firm, released its inaugural global research report, The Future of Infrastructure, which harnesses survey data and opinions from more than 500 industry decision-makers working in major organizations across the North America, Europe and the Asia-Pacific regions. With eight in 10 respondents agreeing this is a pivotal time for the industry, the report examines the problems, priorities and potential in delivering major infrastructure projects around the world. The Future of Infrastructure report can be accessed at: infrastructure.aecom.com.

 

“Infrastructure networks and systems around the globe are under considerable strain. Amid urbanization, climate change and the dizzying pace of technological advances, just narrowing the gap that exists is no longer a sufficient goal. What’s needed is a giant leap forward,” said Michael S. Burke, AECOM’s chairman and chief executive officer. “Our report makes clear that by focusing the smartest minds, training and deploying more skilled workers, and leveraging new digital tools, we can come together to deliver a better future through infrastructure. The potential offered by high-quality infrastructure is transformative, and getting it right is everyone’s business.”

 

As governments around the world face a time of unprecedented complexity and transformation, The Future of Infrastructure report showcases how infrastructure development is complicated by rapid urbanization, demographic change and the maturing of our digital age. Specifically, the report looks at the gap in funding and investment, the growing necessity for resilient infrastructure, the evolving workforce needs and how the sector must innovate at rapid speed.

 

Notable findings include:

 
  • Changes in legislation and innovative funding models are needed to remove obstacles and allow the public sector to better access private-sector financing. 90 percent of respondents believe innovative funding models are effective at bridging the funding gap.
  • Future proofing and protection to guard against cyber and physical attacks are essential for all existing networks and systems. 71 percent of respondents say a major cyberattack or citywide transport disruption is probable in the near future.
  • As we enter the fourth industrial revolution, the world of infrastructure needs to rethink project design and delivery. Connected expertise is the key to a seamless approach. 71 percent believe that many of the traditional, tried-and-tested approaches to project management do not fit the demands of today’s large, complex programs.

“We know that safe, secure and resilient infrastructure is critical to economic growth and social progress,” added Mr. Burke. “The industry must embrace innovation and develop new ways to fund and deliver projects faster, smarter and better.”

 

The Future of Infrastructure report was compiled in two ways. First, AECOM conducted an online survey of 509 civil infrastructure professionals from three regions: Asia-Pacific, Europe and North America. Survey respondents work in a range of sectors related to civil infrastructure and all work on projects exceeding US$100 million, with nearly half (43 percent) working on projects exceeding US$500 million. AECOM was not identified as the research sponsor. Second, AECOM conducted qualitative interviews with a range of senior executives in the civil infrastructure industry, where AECOM identified as the research sponsor. Participants were not compensated for their time or responses.

 

About AECOM

 

AECOM (NYSE:ACM) is built to deliver a better world. We design, build, finance and operate infrastructure assets for governments, businesses and organizations in more than 150 countries. As a fully integrated firm, we connect knowledge and experience across our global network of experts to help clients solve their most complex challenges. From high-performance buildings and infrastructure, to resilient communities and environments, to stable and secure nations, our work is transformative, differentiated and vital. A Fortune 500 firm, AECOM had revenue of approximately $18.2 billion during fiscal year 2017. See how we deliver what others can only imagine at aecom.com and @AECOM.

 

Forward-Looking Statements: All statements in this press release other than statements of historical fact are "forward-looking statements" for purposes of federal and state securities laws, including statements in the The Future of Infrastructure report about innovation, infrastructure investment and public funding as well as other finding in the report. Actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause actual results to differ materially from our forward-looking statements are set forth in our annual report on Form 10-K for the fiscal year ended September 30, 2017, and our other reports filed with the U.S. Securities and Exchange Commission. AECOM does not intend, and undertakes no obligation, to update any forward-looking statements.

 

NR 18-0104

 

 
Source: Businesswire

Neil Diamond Announces Retirement from Concert Touring; Australian and New Zealand Tour Dates Cancelled

Business Wire India

Legendary singer, songwriter and performer Neil Diamond announced his retirement from touring due to his recent diagnosis of Parkinson’s disease. The onset of the disease has made it difficult to travel and perform on a large scale basis but will allow Mr. Diamond to continue his writing, recording and development of new projects. Based on his doctors’ advice, the third leg of Diamond’s 50th Anniversary tour, set to land in Australia and New Zealand this March, has been cancelled.

 

“It is with great reluctance and disappointment that I announce my retirement from concert touring. I have been so honored to bring my shows to the public for the past 50 years,” said Neil Diamond. “My sincerest apologies to everyone who purchased tickets and were planning to come to the upcoming shows.

 

I plan to remain active in writing, recording and other projects for a long time to come.

 

My thanks go out to my loyal and devoted audiences around the world. You will always have my appreciation for your support and encouragement. This ride has been ‘so good, so good, so good’ thanks to you.”

 

The Australia and New Zealand leg of the 50th Anniversary tour (announced by TEG Dainty in November, 2017) was scheduled to visit a number of outdoor stadiums as well as arena and winery shows in Australia and New Zealand. This would have been the third leg of the 50th Anniversary tour with Diamond selling out shows in the U.S. and Europe throughout 2017.

 

In making the announcement, Paul Dainty, President and CEO of TEG Dainty, stated: “I am devastated and saddened to hear the news of Neil’s illness and his retirement from touring. I have had the honour of promoting Neil’s numerous tours in Australia and New Zealand, he is one of the world’s greatest artists and we and his thousands and thousands of fans here will miss seeing him tour down under.”

 

On January 24th, Diamond will celebrate his 77th birthday and on January 28th The Recording Academy will honor him with its prestigious Lifetime Achievement Award.

 

REFUND INFORMATION

 

Credit & Debit Card – Tickets purchased by credit or debit card will be refunded in full (including your ticket insurance premium, if relevant) and you do not need to take any action. Please allow up to 10 working days for the refund to appear in your account.

 

Cash & Eftpos – Patrons who purchased tickets with cash or EFTPOS, Ticketek will be in contact to arrange a refund.

 

 

 

 
Source: Businesswire

Bacardi to Acquire Patrón Tequila

Business Wire India

Family-owned Bacardi Limited, the largest privately held spirits company in the world, announced that it is expanding its portfolio of premium spirits with a definitive agreement to acquire 100% ownership of Patrón Spirits International AG and its PATRÓN® brand, the world’s top-selling ultra-premium tequila. The transaction, which is subject to customary closing conditions, follows the successful relationship the companies have had for nearly a decade since Bacardi’s initial acquisition of a significant minority stake in Patrón in 2008. The transaction reflects an enterprise value for Patrón of US$5.1 billion and is expected to close in the first half of 2018.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122006459/en/

 
Bacardi agrees to acquire 100% ownership of Patrón Spirits International and its PATRÓN® brand, the  ...

Bacardi agrees to acquire 100% ownership of Patrón Spirits International and its PATRÓN® brand, the world’s top-selling ultra-premium tequila. (Photo: Business Wire)

According to the most recent IWSR data, this transaction will make Bacardi the number one spirits player in the super-premium segment in the U.S. and the second largest spirits company in market share by value in the critically important United States market.

 

Patrón was founded by entrepreneurs John Paul DeJoria and Martin Crowley with a mission to create a tequila that was “simply perfect,” a philosophy that continues to guide the business today. Patrón tequila is produced from the highest-quality 100% Weber Blue Agave, distilled through time-honored processes with meticulous precision and care, and delivered in iconic bottles that are a symbol of perfection around the world.

 

Tequila is one of the fastest-growing and most attractive categories in the spirits industry, with Patrón being the clear market leader in the super-premium segment. Super-premium brands continue to experience the fastest growth, and the trend is expected to continue.

 

“We started this business more than a quarter century ago with a singular mission – to create an ultra-premium, luxury tequila,” said John Paul DeJoria, co-founder of Patrón tequila. “Today, with that continued commitment to quality and several other extraordinary brands in our portfolio, we produce more than three million cases of distilled spirits annually that are enjoyed around the world. I am proud of what our entire organization has accomplished, and the work we do in giving back to the people and communities in which we operate.”

 

“Patrón and Bacardi were both founded on the principles of quality, integrity, and innovation, and driven by a sense of fearlessness – it’s in our DNA,” said Facundo L. Bacardi, Chairman of Bacardi Limited. “It has been a privilege being a partner for a number of years with a remarkable entrepreneur like John Paul DeJoria. John Paul’s vision, integrity, and courage are responsible for introducing the world to simply perfect tequila. As we move forward together, we will continue to pursue perfection as the guiding light in everything Patrón stands for.”

 

Barry Kabalkin, Vice Chairman of Bacardi Limited and a member of the board of directors of Patrón since 2008, added, “Patrón is one of the world’s most coveted spirits brands, and we are thrilled to take our long-standing relationship to the next level. Working with the extraordinary team at Patrón, for whom we have the highest possible respect, we will stay true to our shared values. That’s a promise I made to John Paul, a one-of-a-kind visionary, and to Ed Brown, who over a period of nearly 20 years has successfully turned Patrón into an industry phenomenon. Patrón is a brand that transcends the tequila category and will uniquely complement the Bacardi portfolio of premium brands.”

 

“Adding Patrón to the Bacardi portfolio creates a tremendous opportunity for the brand outside of the United States as Bacardi’s international distribution network will help grow Patrón around the world, increasing scale in the U.S. and globally,” said Mahesh Madhavan, CEO of Bacardi Limited. “I look forward to working with the talented team at Patrón.”

 

The Patrón leadership team, including Chief Executive Officer Edward Brown, Chief Operating Officer David R. Wilson, and Chief Marketing Officer Lee Applbaum, will continue in their roles.

 

“Patrón is more than just a brand we have built; it has been a personal passion for nearly 20 years. I truly consider the Patrón team my extended family,” said Patrón President and CEO Edward Brown. “As Bacardi has had an ownership stake in Patrón for almost a decade now, and truly knows and appreciates our unique business, they are the best and most logical steward to continue our pursuit of perfection.”

 

Following the closing of the deal, DeJoria will serve as an ambassador for Patrón in the role of Chairman Emeritus and intends to work with Bacardi in further advancing their combined dedication to philanthropic projects and environmental consciousness. Patrón’s efforts have included support for food banks, education, and disaster relief, as well as development of an eco-friendly reverse osmosis irrigation system, a process of recycling agave fibers from the tequila production process for use as fertilizer compost, and reforestation of trees in the community surrounding its tequila manufacturing operations in Atotonilco el Alto, Jalisco, Mexico.

 

As one of the world’s leading premium spirits companies, Bacardi is known for preserving and nurturing the unique heritage of brands it acquires and will continue to work with the leadership of Patrón as the guardians and inspiration of the brand. Patrón is set to join an iconic, one-of-a-kind portfolio that includes BACARDÍ®, GREY GOOSE®, BOMBAY SAPPHIRE®, DEWAR’S®, MARTINI®, and a premium tequila portfolio of CAZADORES® and CORZO®.

 

About Bacardi Limited

 

Bacardi Limited, the largest privately held spirits company in the world, produces and markets internationally recognized spirits and wines. The Bacardi brand portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, GREY GOOSE® vodka, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands including WILLIAM LAWSON’S® Blended Scotch whisky, ERISTOFF® vodka, and ST-GERMAIN® elderflower liqueur.

 

Founded nearly 156 years ago, in Santiago de Cuba on February 4, 1862, family-owned Bacardi currently employs approximately 5,500, operates more than 20 production facilities, including bottling, distilling and manufacturing sites, and sells its brands in more than 170 countries. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. www.bacardilimited.com

 

About Patrón

 

Patrón Spirits International AG is a privately held, leading manufacturer of ultra-premium distilled spirits. Its portfolio includes the following product lines: Patrón®, Roca Patrón®, Gran Patrón®, XO Cafe®, Citrónge®, Pyrat®, and Ultimat®, as well as limited and special edition distilled spirits. Patrón tequilas and liqueurs, Pyrat, and Ultimat are available in more than 100 countries and islands across the world and sold in global duty-free outlets. www.patronspirits.com

 

Editor’s Note: Multimedia assets for Bacardi and Patrón are available for download via BusinessWire and www.bacardilimited.com and www.patronspirits.com.

 

©2018 BACARDI

 

BACARDI, THE BAT DEVICE & OTHER MARKS RELATED TO PRODUCTS IN THIS NEWS RELEASE ARE TRADEMARKS OF BACARDI & COMPANY LIMITED OR OF OTHER SUBSIDIARIES OF BACARDI LIMITED

 

 

 

 
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Source: Businesswire

PMI’s Salary Survey Reveals that Project Management Practitioners with the PMP Certification Earn 23% More

Business Wire India

Project Management Institute’s (PMI) Earning Power Report reveals a significant advantage in earning potential for PMP® certified practitioners. Survey respondents holding the Project Management Professional (PMP)® certification report higher median salaries than those without a PMP certification―23% higher on average across the 37 countries surveyed.

 

This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180122006262/en/

 
(Graphic: Business Wire)

(Graphic: Business Wire)

The Earning Power: Project Management Salary Survey is a comprehensive biennial salary survey that offers insight into the value of project management skills, experience and certifications. It is an industry-leading source of data, giving project management practitioners a greater awareness of their earning potential and helping employers, compensation committees, human resource departments and executive recruiters to better determine salary ranges.

 

The 10th edition of the survey incorporates information from more than 33,000 project management practitioners in 37 countries across the globe. New in this edition is salary information from three countries not previously covered—Chile, Costa Rica, and Ecuador.

 

“This data is critical for organizations seeking to fill project management roles, as well as for individuals competing to qualify for those roles,” said PMI President and Chief Executive Officer Mark A. Langley. “The report includes eight major position descriptions and levels in its data, offering important insights on roles ranging from entry-level project managers to senior executives.”

 

In virtually all countries included in this study, having a PMP appears to offer an advantage in terms of median salary; however, the percentage increase in salary varies extensively by country. Countries reporting the greatest percentage increase in median salary for PMP certified versus non-PMP certified survey respondents were: South Africa (58% earning advantage), Ecuador (53% earning advantage), Colombia (48% earning advantage), Chile (43% earning advantage) and Mexico (43% earning advantage).

 

Overall, the median salary among survey respondents in the U.S. was $112,000 with a median total compensation of $120,000. The median salary among survey respondents holding the PMP certification in the U.S. was 25% higher than the median salary of those without the PMP certification ($115,000 versus $92,000).

 

Earning Power reports salary increases over the past 12 months and lists expected salary increases over the next 12 months. Among its key findings:

 
  • More than two-thirds of survey participants (70%) report that their total compensation (including salary, bonus, and other forms of compensation) increased over the 12 months prior to completing the salary survey. About one-quarter (26%) reported increases of at least 5% over that time period.
  • The median salary for project managers varies widely from country to country, with the highest in Switzerland: US$130,866.
  • Across all countries, salary increases with added responsibility. The most dramatic increase is seen in Nigeria where the median salary increases from US$13,079 for a Project Manager I to US$20,735 for a Project Manager II and US$30,305 for a Project Manager III.

The complete report is available at pmi.org/salarysurvey.

 

About the Survey

 

PMI’s Earning Power: Project Management Salary Survey 10th Edition, was sent to a stratified sampling of customers from 37 different countries. Countries included in the sampling were selected based on two factors: concentration of PMI members within a given country, and the desire to represent all regions of the globe. The survey invitation was sent via an email that included a link to the web-based survey. Using a web-based survey benefited the research in several ways, including the providing ability to survey a large number of respondents at a relatively low cost (as compared to other data-collection methods), a condensed data-collection time period, and a fairly high response rate. PMI contracted with a third-party market research vendor, PeriscopeIQ, for this project. PeriscopeIQ utilized its advanced web-survey technology platform (www.periscopeiq.com) to conduct this research. PeriscopeIQ is a global strategy consulting and market research firm with focus on scientific rigor and research-based methodologies. The salary survey was conducted according to PeriscopeIQ's best compensation survey practices, including confidentiality of individual responses. Email invitations to the web-based survey were sent to 296,113 professionals on 20 March 2017. Nonresponders were sent a total of three reminder emails throughout the field period, which ended on 29 April 2017.

 

About Project Management Institute (PMI)

 

Project Management Institute (PMI) is the world's leading association for those who consider project, program or portfolio management their profession. Founded in 1969, PMI delivers value for more than three million professionals working in nearly every country in the world through global advocacy, collaboration, education and research. We advance careers, improve organizational success and further mature the project management profession through globally-recognized standards, certifications, communities, resources, tools, academic research, publications, professional development courses and networking opportunities. As part of the PMI family, ProjectManagement.com creates online global communities that deliver more resources, better tools, larger networks and broader perspectives. Visit us at www.PMI.org, www.projectmanagement.com, www.facebook.com/PMInstitute and on Twitter @PMInstitute.

 

 
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Source: Businesswire