Author: Roboticulized.com

r-labs-partnership-welcomes-strategic-investment-from-teranet-to-expand-its-industry-innovation-platform-in-real-estate

R-LABS Partnership Welcomes Strategic Investment from Teranet to Expand its Industry Innovation Platform in Real Estate

May 19, 2021 Published by

The R-LABS Canada Limited Partnership, a partnership of corporations dedicated to delivering innovation in the real estate industry through purpose-driven company building, is pleased to announce a strategic investment by its new partner Teranet, Canada’s leader in modernizing statutory registry platforms and delivering insightful data intelligence and commercial solutions. Teranet’s investment and participation in R-LABS will lead to the launch of new companies, expand the R-LABS platform capabilities in delivering innovation in the real estate industry and open new business model opportunities for Teranet.

The residential and commercial real estate markets in Canada and around the world are operating in an opportunity-rich environment as people, the industry, and governments work to manage housing affordability and changes in how we work, shop, and live. R-LABS was established in 2018 with deep innovation experience in the sector, a strong partner network, and a unique venture building platform designed to solve these challenges and deliver value through industry innovation.

Working in the R-LABS Open Innovation Program, Teranet’s well-established capabilities across data and analytics, digitized workflow solutions, and managed services will help create new technology enabled businesses that can help solve key challenges in housing and commercial real estate.

“I’ve had the opportunity to deliver industry innovation with Teranet in the past as the Founder of RealNet Canada,” said George Carras, Founder and CEO of R-LABS. “We are very excited to work again with the Teranet team in taking R-LABS industry innovation to the next level and help Canada be a global leader in real estate innovation.”

“Partnering with R-LABS enables us to further our strategic vision for building stronger communities and economies,” said Teranet President and CEO Elgin Farewell. “We are very excited to work with the R-LABS team to connect our organizations for the betterment of the Canadian real estate industry at large.”

Together, R-LABS and Teranet are supporting the development of Canada as a centre for innovative real estate technology companies and entrepreneurs that focus on purpose-driven solutions. This partnership creates exciting opportunities for R-LABS, real estate industry stakeholders, and corporations across other industries that can help solve problems in real estate through open innovation and purpose-driven company building.

With this investment in R-LABS, Teranet joins a leading group of industry partners that includes Oxford Properties, Dorsay Development, and Empire Communities.

voiceops-launches-new-“always-be-coaching”-series-about-making-coaching-a-superpower-for-businesses

VoiceOps Launches New “Always Be Coaching” Series About Making Coaching a Superpower for Businesses

May 19, 2021 Published by

 

VoiceOps, the software company that established coaching enablement as a key strategy for call center teams, today officially announced the launch of “Always Be Coaching,” a first-of-its-kind webinar and podcast series focused on how coaching enablement will help companies realize unprecedented levels of success and create competitive advantage.

Call centers (regardless of location or industry) are struggling with slow or nonexistent performance improvements and high variability between rep in spite of major investments in coaching and training programs. Existing speech analytics and conversation intelligence tools have not delivered on their promises to improve these issues. VoiceOps has been an early pioneer in the area of coaching enablement to address these critical weaknesses in call center team performance and operations.

The “Always Be Coaching” series will illuminate the solution VoiceOps champions and makes possible for its call center partners, namely a more strategic focus on the call center coaching program. The series will feature VoiceOps CEO & Founder Ethan Barhydt as he dives deep into the field of coaching. He’ll speak with experts across industries about technical and tactical factors for successful coaching, and why coaching enablement is so important.

“Good coaching strategies powered by good technology will shift the performance distribution of call center teams and create a solid competitive advantage,” said Ethan Barhydt, CEO & Founder of VoiceOps and host of the “Always Be Coaching” series. “Coaching can and should be a team’s superpower, but it can also be a hidden weakness that prevents them from achieving anything but the most incremental improvements. I’m looking forward to the conversations we’ll have as part of the “Always Be Coaching” series to help everyone understand how to build a better coaching program.”

The series will include monthly live webinar sessions with weekly podcast episodes in between webinars. The first webinar will take place on Thursday, May 20, 2021 and promises an authentic and personal conversation between Barhydt and his own coach, John Hamm. Anyone can register for free at this link.

leanix-combines-saas-management-and-enterprise-architecture-to-help-drive-continuous-transformation

LeanIX Combines SaaS Management and Enterprise Architecture to Help Drive Continuous Transformation

May 18, 2021 Published by

 

LeanIX (https://www.leanix.net/) the platform to plan and manage the Continuous Transformation journey, today introduces LeanIX SaaS Intelligence (SI), becoming the first Enterprise Architecture company to offer both Software-as-a-Service (SaaS) management and Application Portfolio Management (APM). IT leaders can now gain visibility and governance of all applications in use across the entire IT landscape, as SaaS increasingly plays a critical role in digital transformation initiatives.

LeanIX will demonstrate its new offering to more than 1,000 IT professionals at EA Connect Day Americas 2021, a virtual event on Thursday, May 20, 2021. For more information and free registration, visit www.eaconnectdays.com.

“Our work with CIOs and CTOs revealed that a secure and well-managed cloud architecture is crucial, and modern Application Portfolio Management must now include automated SaaS discovery and cataloging,” said André Christ, LeanIX CEO and co-founder. “SaaS now represents more than 50 percent of software investment for enterprises, and it continues to accelerate due to digital transformation and remote work. With our acquisition of Cleanshelf and the addition of LeanIX SaaS Intelligence, we are redefining how automatic and unified discovery for SaaS and Application Portfolio Management can accelerate the effectiveness of IT operations.”

Whether Zoom, Slack or HubSpot, SaaS applications have become an indispensable part of the corporate world. Experts estimate the current SaaS market at more than 15,000 providers and counting. While SaaS brings flexibility, cost efficiency and scalability, its promise is in danger of turning into the opposite. With freemium and low-barrier product-led growth business models, SaaS providers now bypass traditional IT procurement processes. This independent access to licenses is now a growing challenge for finance and IT managers. Today, many companies know only half of their existing SaaS applications and accounts, resulting in rising and unclear costs, increasing security risks and compliance violations.

LeanIX SaaS intelligence uses machine learning and the most integrations available on the market, more than 3,800, to automatically capture, analyze, and report all SaaS applications within the enterprise. It automatically identifies unmanaged contracts, duplicate licenses and wasted cloud software subscriptions. For IT managers and finance teams, it provides SaaS discovery and cataloging, utilization and user engagement metrics, cost and subscription optimization, access, vendor management and security, and renewal management.

LeanIX acquired Cleanshelf in March 2021. “The same vision unites us: we make companies capable of acting in the future with the right tools,” said Dusan Omercevic, founder of Cleanshelf and now VP Product/SaaS Intelligence for LeanIX. “With LeanIX, we have re-engineered SaaS management to meet the needs of some of the largest enterprises in the world, such as Adidas, Bosch, and Volkswagen. Now that we are part of the LeanIX family, our customers will receive the best product and technology offering in the industry.”

LeanIX SaaS Intelligence will be available to companies as a standalone solution of the LeanIX Continuous Transformation Platform®. Cloud-native startups and scaleups will benefit from managing their SaaS applications just as much as large corporations with mature infrastructures. Enterprise architects will have the SaaS discovery and cataloging functionality available as a free component of the LeanIX Application Portfolio Management module in July 2021.

“In the future, there will be no enterprise architecture management without automated support for managing SaaS applications,” said Christ. “We enable companies to make their IT landscape fully visible and easily manageable and thus establish smart governance – instead of erecting new barriers with restrictions. Independent access to software has positively changed the working world and accelerated processes. Companies need precisely this agility to be fit for the future – it’s part of the continuous transformation we’re seeing.”

ges-launches-visit-go!-by-ges(sm)

GES Launches Visit GO! by GES(SM)

May 18, 2021 Published by

 

GES is excited to launch Visit GO! by GES℠, a groundbreaking, global application to enable the safe return of live events. Visit GO! allows organizers and venues to confidently welcome individuals to their premises, with the knowledge that they have received either a negative COVID-19 test or have been vaccinated. Visit GO! was first implemented at the recent London Mayoral Elections in London on May 11, 2021.

This verification is accomplished by using GES’ proprietary access control technology, an easy-to use, mobile-friendly and progressive web application. “Working with organisers and venue clients, we understood the urgent need to verify the vaccination status or test results to allow for safe openings of live events. Visit GO! realises this by connecting the health state with an attendee’s badge. An additional advantage is that attendees can be tested before arriving at the event, reducing the number of onsite tests required,” said Gerard Conway, Director, Event Intelligence at GES EMEA.

Speaking on its implementation at the London Mayoral Elections, EMEA Exhibitions Head of Health and Safety, Paul Ormsby said, “With this technology, we’re not only exceeding our duty of care to employees but helping to ensure a safe environment for all. At London Mayoral Elections, Visit GO! validated the test results of GES personnel and our partners. Visit GO! delivered a quick and seamless safety measure and provided much needed reassurance to all participants during this important event.”

Visit GO! allows venues and visitors to return to physical environments safely, being reassured that participants have either received a negative COVID-19 test result or have been vaccinated within a given timeframe, defined by their regional/local/country policy. This easy-to-use application utilizes a progressive web technology, bypassing the need to download and can be used on any smart device via a URL. The application is compatible with a wide range of test vendors and health agencies globally. Visit GO! seamlessly integrates with the Visit by GES event platform. To learn more and watch our video, please go to visitbyges.com.

topical-scar-treatment-market-in-china-and-southeast-asia-worth-$1,451.1-million-by-2030-finds-p&s-intelligence

Topical Scar Treatment Market in China and Southeast Asia Worth $1,451.1 Million by 2030 Finds P&S Intelligence

May 18, 2021 Published by

 

Almost 900 million people suffer from dermatological diseases at any given time, says the World Health Organization (WHO). Pyoderma, acne, scabies, eczema, and warts are among the most common. With the increasing prevalence of such issues, the China and Southeast Asia topical scar treatment market is set to grow from $701.6 million in 2020 to $1,451.1 million in 2030, at a 7.7% CAGR between 2021 and 2030.

For instance, in Thailand, 110,205 people had some skin disease, including dermatitis, urticaria, and bacterial skin diseases, in 2018, as per an article in BMC Public Health. The reason this factor is driving the topical scar treatment market in China and SEA is that many of these diseases either manifest as or leave scars after they heal. Moreover, topical treatments are convenient to administer, painless, non-invasive, and cost-effective.

Key Findings of China and SEA Topical Scar Treatment Market

  • Booming geriatric population important industry growth driver
  • Creams are most-popular scar treatment products in SEA and China
  • Pharmacies account for highest product sales
  • Demand for silicone-based products rising rapidly
  • Increasing e-commerce penetration offering growth opportunities
  • China biggest market for topical scar treatment products in SEA

Get the Sample Copy of this Report at @ https://www.psmarketresearch.com/market-analysis/topical-scar-treatment-market/report-sample

Due to the COVID-19 pandemic, the China and SEA topical scar treatment market has been negatively impacted due to the lockdowns and social distancing measures implemented in the region. This drastically reduced the incidence of post-surgical scars, sports injuries, burns, and road accidents, which had a direct negative impact on the demand for topical scar treatment products.

The cream category will grow the fastest in the China and SEA topical scar treatment market in the coming years, based on product type. Creams have proven effective in fading, smoothening, flattening, and reducing the appearance of existing scars and preventing new scars from forming on the skin.

In the past, the China and SEA topical scar treatment market was dominated by the atrophic and acne scar category, under segmentation by scar type. More than 90% of the teens in the region suffer from acne due to hormonal changes and a fatty diet, which is why they generate a high demand for topical products for the treatment of acne and atrophic scars.

Browse detailed report with COVID-19 impact analysis on Topical Scar Treatment Market in China, South Korea, Taiwan, Hong Kong, and Southeast Asia – Revenue Estimation and Forecast by 2030 @ https://www.psmarketresearch.com/market-analysis/topical-scar-treatment-market

The pharmacies category is expected to keep holding the largest share in the China and SEA topical scar treatment market during this decade, under the distribution channel segment. Most of the products for scar treatment are bought on a prescription from a doctor, which is why pharmacies continue to account for their highest sales.

Till now, China has been the largest contributor to the SEA topical scar treatment market, and it will also witness the fastest growth in the years to come. The rising geriatric population, incidence of dermatological diseases, and economic growth rate are driving the demand for such products in the country, as are the technological advancements in the field.

Make enquiry about this report at @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=topical-scar-treatment-market

The major companies in the topical scar treatment market of China and SEA are Perrigo Company plc, Cicatricure (Genomma Lab USA Inc.), Laboratoire HRA Pharma SAS, Terez & Honor, Aroamas LLC (EHY HOLDINGS LLC), Sientra Inc., Integra LifeSciences Holdings Corporation, Revitol Corporation, Johnson & Johnson, Sonoma Pharmaceuticals Inc., Mölnlycke Health Care AB, Smith & Nephew PLC, Mylan N.V., Alliance Pharma plc, and Merz Pharma GmbH & Co. KGaA.

Browse Other Related Reports:

Dermatology Drugs Market Report – Geographically, Asia-Pacific dermatology drugs market is projected to record the highest CAGR during the forecast period. This can be due to the surging disposable income, increasing prevalence of skin diseases, and rising healthcare spending in regional countries.

Scar Treatment Market Report – Geographically, the scar treatment market is predicted to demonstrate the highest growth in North America in the near future. The second-highest market growth will be observed in Europe in the next few years.

blue-prism-wins-2021-uk-national-innovation-award

Blue Prism Wins 2021 UK National Innovation Award

May 18, 2021 Published by

 

Blue Prism® (AIM: PRSM), a global leader in intelligent automation, took home the 2021 National Innovation Award for Remote Access to IT resources, after a display of world-class ingenuity and innovation.

With 329 entries submitted across six categories and 22 finalists making the cut, Blue Prism rose above its peers, including runner up UI Path, by demonstrating technology innovation enabling work from home capability, productivity and experience.

Judges noted how Blue Prism helped a customer adapt quickly to the challenges created by the pandemic by developing a new process that allowed its staff to securely access servers remotely using their own devices. Blue Prism’s advanced digital workers, powered by cutting-edge artificial intelligence, ensured that the solution had staff up and running in only two weeks.

As a result of implementing Blue Prism’s intelligent automation solution, the utility company profiled retained business continuity as well as customer engagement and satisfaction against the turbulent and uncertain backdrop of COVID-19. Most importantly, no staff were placed on furlough in the business area and were able to continue serving their customers when they needed them most.

Chairman of Directors Club United Kingdom and Convenor of Judges for the 2021 Awards, Jon Snow, commented: “Working from home or anywhere is the operational legacy of the COVID-19 pandemic. These 2021 awards set out to highlight the technology developers who are making the distributed workforce not only possible but high performing.” 

CEO and Chairman of Blue Prism, Jason Kingdon, commented: “This string of award wins, including the most recent National Innovation Award, clearly demonstrate the strength of Blue Prism’s technology, and the company’s ability to execute effective solutions across a number of industries. We’re delighted to have been recognized in these awards and look forward to being able to showcase our efforts in future competitions.”

This is Blue Prism’s fourth award win this year, having recently received a Dun & Bradsheet Accelerate50 CSR Award, 2021 Pandemic Tech Award, and after Linda Dotts, chief partner strategy officer for Blue Prism, was featured in the 2021 CRN Women of the Channel List.

To learn more about Blue Prism’s world-class technology and solutions, we will be showcasing our products, including the new Blue Prism Version 7 at our flagship event Blue Prism World, May 18-20.

Notes to editors:

Blue Prism is a global leader in enterprise robotic process automation (RPA) and intelligent automation, transforming the way work is done. We have over 2,000 customers in over 170 countries and 70 industry verticals, 30% in the Forbes Global 2,000, creating value with new ways of working by unlocking efficiencies and returning millions of hours of work back into their businesses. Our enterprise digital robots offer high-scale automation that is secure, smart, accessible to all, enabling centrally managed human and digital workforces of the future and freeing up humans to re-imagine work. To learn more visit www.blueprism.com and follow us on Twitter @blue_prism and on LinkedIn

© 2021 Blue Prism Limited. “Blue Prism”, the “Blue Prism” logo and Prism device are either trademarks or registered trademarks of Blue Prism Limited and its affiliates. All Rights Reserved.

choice-group-launches-web-based-platform-for-individuals-to-file-income-tax-returns

Choice group launches web-based platform for individuals to file income tax returns

May 18, 2021 Published by

 

In order to enable individuals to seamlessly file their income tax returns, Choice Group has launched an e-filex platform equipped with round-the-clock artificial intelligence enabled chatbot to reply to the user’s query.

The web-based platform — www.e-filex.com covers the entire gamut of Individual Assesses having multiple sources of Income and has refined itself, compared to its peers by removing the clutter of unnecessary fields and filing it in four simple steps with an easy interface.

“We intend to target those hesitant individuals who are vary about complying with the tax provisions, and help them with hassle-free processes,” said Sourabh Mittal, Product Head, e-filex, part of Choice Consultancy Services Private Limited, the tax advisory subsidiary of BSE-listed Choice International Limited.

Mittal has set a target to bring on-board 10,000 users on the e-filex platform in the current financial year.

Asia’s third-largest economy has more than 9 Cr assesses registered with the tax authorities of which approximately 7 Cr have filed income tax returns and only 1.5 Cr paying taxes.

Considering an estimated 80 crore adult population eligible to file tax out of the total 140 Cr population in the country, there is a huge upside potential to attract more people to file their returns online and bring them under compliance mode.

“Filing income-tax return is an annual ritual in the financial lifecycle of an individual and a key milestone in nation-building. In sync with the new paradigm of the digital era, Choice group continues with its fintech voyage by creating new platforms – Investica for mutual funds, Jiffy for online stock broking, Alphabee for long-term investors and ISMOS for insurance broking and now e-filex for filing tax,” said Kamal Poddar, managing director of BSE-listed Choice International – the holding company for Choice group.

fractal-is-title-sponsor-of-analytics-unite-2021:-the-summit-for-retail-and-consumer-brands

Fractal is Title Sponsor of Analytics Unite 2021: The Summit for Retail and Consumer Brands

May 17, 2021 Published by

 

Fractal, (fractal.ai), a global leader in artificial intelligence and analytics, powering decisions in Fortune 500 companies, today announced its partnership as Title sponsor of Analytics Unite taking place on May 18-20, 2021. The event will bring together top retail & consumer goods executives and insiders for discussions and presentations on some of the most pressing needs and innovative solutions. This is Fractal’s fourth year of partnership with Analytics Unite.

Mars Senior Director of Advanced Analytics and Machine Learning – Tarun Kataria and Fractal’s Client Partner for CPG – Mohit Agarwal will co-present on Digital Transformation at 100x. The session will explore how Mars prioritized speed of decision making over perfection and how they leveraged next-gen technologies, including AI, machine learning and cloud, to drive a decision-first approach.

“We are happy to partner with Analytics Unite again this year,” said Mohit Agarwal, Client Partner-CPG at Fractal. “Digital transformation has accelerated multi-fold during the pandemic with a clear mandate to either perform or perish. Mars has been driving digital transformation at 100X over the last four years keeping user at the center to enable #betterdecisions. I look forward to this session.”

“To successfully go from d (data) to D (Decisions), organizations need to invest in asking the right questions,” said Tarun Kataria, Senior Director Advanced Analytics and Machine Learning, Mars. “As data and tech intensity continues to increase, so will noise; organizations with an experimental mindset and agility will be the ones to succeed. Data and insights are table stakes, we need to have a value-oriented mindset coupled with user-centricity.”

Presented by Consumer Goods Technology and produced by EnsembleIQ, this year’s Analytics Unite is focused on ‘Unleashing success through Data & Analytics’ and some of this year’s key speakers include: Andy Walters, Strategic Advisor, P&G(Retired); Tarun Kataria – Senior Director Advanced Analytics and Machine Learning Mars; Abdul Raheem, Chief Data Scientist, Mondelez & Ganesh Sivakumar, Head of Data Analytics, Reckitt.

clarivate-to-acquire-proquest,-creating-a-leading-global-provider-of-mission-critical-information-and-data-driven-solutions-for-science-and-research

Clarivate to Acquire ProQuest, Creating a Leading Global Provider of Mission Critical Information and Data-Driven Solutions for Science and Research

May 17, 2021 Published by

 

Clarivate plc (NYSE: CLVT), a global leader in providing trusted information and insights to accelerate the pace of innovation, today announced a definitive agreement to acquire ProQuest,  a leading global software, data and analytics provider to academic, research and national institutions, from Cambridge Information Group, a family-owned investment firm, and other partners including Atairos, for $5.3 billion, including refinancing of ProQuest debt. The consideration for the acquisition is approximately $4.0 billion in cash and $1.3 billion of equity. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close during the third quarter of 2021.

With a mission to accelerate and improve education, research and innovation, ProQuest delivers content and technology solutions to over 25,000 academic, corporate and research organizations in more than 150 countries. The acquisition will establish Clarivate as a premier provider of end-to-end research intelligence solutions and significantly expand its content and data offerings as the addition of ProQuest will materially complement the Clarivate Research Intelligence Cloud™.

By bringing together these two customer-focused businesses with a purpose to accelerate innovation at their core, we will create a world-leading software and information provider for research-focused organizations to fuel scientific discovery and innovation into the future.

Jerre Stead, Executive Chairman and CEO, Clarivate, said: “Clarivate and ProQuest are highly complementary businesses, each with a rich and storied heritage. We share the goal to accelerate innovation through research and knowledge sharing and together we will enable our customers to solve the world’s most complex challenges with content dating back centuries, and technologies that address the needs of 21st century customers.”

Andy Snyder, Chairman of ProQuest and CEO of Cambridge Information Group, said: “I have seen ProQuest evolve to meet our customers’ ever-changing needs over the last several decades and fully understand that the challenges and opportunities they face have never been greater. I am confident that the company will continue to have the resources required to maintain the impressive track record of innovation that our customers count on – to create a world leading organization in research and innovation.”

Upon completion of the transaction, two members of the ProQuest Board will join the Clarivate Board, including Andy Snyder, who will have the position of Vice Chairman of the Clarivate Board, and Michael Angelakis, Chairman and CEO of Atairos.

Compelling strategic benefits to drive future growth

  • Creates a world-leading software and content information provider for academia, governments, public libraries and corporations: Content aggregation, along with software solutions to connect and filter disparate information, is critical in today’s world of information overload. The combination of these two gold-standard organizations will provide a gateway to the world’s largest collection of interoperable, expertly curated content, including journal content, primary sources, dissertations, news, streaming video and more across multiple academic disciplines. Clarivate will continue to expand its market-leading software to enhance its discovery, sharing and management capabilities.
  • Opens new sales opportunities to drive growth in existing and complementary markets: Enterprise software is the fastest growing library market segment and has high customer loyalty due to workflows integrated in core library operations. This acquisition will provide Clarivate with access to complementary markets and varied users, including public libraries, research libraries, school districts and community colleges, with the opportunity to deliver new campus-wide platforms to provide a unified source of knowledge discovery.
  • Broadens our analytical offerings: The addition of ProQuest moves the academic analytical capabilities of Clarivate beyond its traditional realm of journal publication data and citations into a much wider range of information sources. There will be long-term predictive and prescriptive analytics opportunities from the enhanced combination of ProQuest’s data cloud with the billions of harmonized data points in the Clarivate Research Intelligence Cloud.

Financially compelling transaction

  • Accretive to Clarivate earnings per share: The transaction is expected to be double-digit accretive to Clarivate earnings in 2022 and mid-teens accretive in 2023.
  • Value-enhancing acquisition with significant opportunities to accelerate growth, create efficiencies and enhance margins: For 2020, ProQuest generated $876 million of revenue, 4% from organic growth, and $250 million of Adjusted EBITDA. The acquisition is expected to provide significant cost synergies, which, in addition to revenue synergies, is expected to drive both ProQuest and Clarivate Adjusted EBITDA growth and expand ProQuest’s Adjusted EBITDA margin.
  • Significant cost and tax savings opportunities: Clarivate expects to benefit from more than $100 million of cost synergies across the organization within the 15 – 18 months after the close of the transaction. Clarivate also expects to benefit from approximately $65 million in annual cash tax savings from the transaction structure.
  • Enhanced free cash flow generation: The acquisition is expected to generate strong cash flow that will enable Clarivate to reduce its debt, continue investing in product development and pursue additional business development opportunities.

Mukhtar Ahmed, President, Science at Clarivate, said: “Clarivate is building a globally connected and highly personalized experience for researchers, academic institutes and funders across the entire digital research value-chain, from ideation through to outcome. With this acquisition we will be able to further empower both present and future generations of academic and corporate researchers as they each pursue their journey of innovation.”

Matti Shem Tov, CEO, ProQuest, said: “Through this combination, ProQuest will be enabled to better serve the evolving needs of our customers by providing end-to-end solutions to our customers faster than we could on our own as well as expanding our global reach beyond our current capabilities. We look forward to a bright and exciting future for ProQuest and our customers.”

Financing

In connection with the transaction, Clarivate has secured a backstop consisting of a $4 billion fully committed bridge facility from Citi and Goldman Sachs & Co. LLC. Clarivate intends to obtain long-term financing from debt and equity markets before the closing of the transaction.

Advisors

Evercore is serving as lead financial advisor and Davis Polk & Wardwell LLP is serving as legal advisor to Clarivate.  Goldman Sachs & Co. LLC is serving as lead financial advisor to ProQuest with support from UBS Investment Bank and Morgan Stanley & Co. LLC. Fried, Frank, Harris, Shriver & Jacobson LLP is serving as legal advisor to ProQuest.

Clarivate reaffirming standalone 2021 outlook

For the year ending December 31, 2021, excluding the combination with ProQuest, Clarivate continues to expect:

  • Adjusted Revenues in a range of $1.79 billion to $1.84 billion1
  • Adjusted EBITDA in a range of $790 million to $825 million1
  • Adjusted EBITDA margins in a range of 44% to 45%1
  • Adjusted diluted EPS in a range of $0.74 to $0.791
  • Adjusted Free Cash Flow in a range of $450 million to $500 million1

Clarivate will provide an updated 2021 outlook to include the acquisition of ProQuest after closing of the transaction, which is expected to occur in the third quarter of 2021.

1See Reconciliation to Certain Non-GAAP measures” presented below for important disclosure and reconciliations of these financial measures to the most directly comparable GAAP measure. These terms are defined elsewhere in this press release.

Conference call details

Clarivate will host a conference call and webcast to discuss the strategic and operating aspects of the ProQuest combination on Monday, May 17th at 8:00 a.m. Eastern Time. The conference call will be simultaneously webcast on the Investor Relations section of the company’s website.

Interested parties may access the live audio broadcast by dialing 1-888-317-6003 in the United States, 1-412-317-6061 for international, and 1-866-284-3684 in Canada. The conference ID number is 5893138. An audio replay will be available approximately two hours after the completion of the call at 1-877-344-7529 in the United States, 1-412-317-0088 for international, and 1-855-669-9658 in Canada. The Replay Conference ID number is 10156753. The recording will be available for replay through May 31, 2021.

indian-used-car-market-to-generate-revenue-worth-$70.8-billion-by-2030,-says-p&s-intelligence

Indian Used Car Market to Generate Revenue Worth $70.8 Billion by 2030, says P&S Intelligence

May 17, 2021 Published by

 

With the growing influence of the Western culture, particularly the hip-hop culture, through TV, magazines, and social media, the demand for luxury cars is rising in India, especially among the youth. However, most of the people of the country are still not able to purchase new luxury vehicles, which is why they are looking at pre-owned automobiles. As a result, the Indian used car market size is expected to rise from $18.3 billion in 2020 to $70.8 billion in 2030, at a 14.8% CAGR between 2021 and 2030, according to P&S Intelligence.

In this regard, the emergence of organized used car dealers is proving hugely beneficial. For instance, Big Boy Toyz Pvt Ltd. (BBT) offers used cars of various luxury brands, including BMW AG, Cadillac, Lexus, Land Rover, and Jaguar. As it is easier for customers to trust organized dealerships than individual vehicle sellers, the proliferation of more established players is acting as a key driver for the Indian used car market advance.

Key Findings of Indian Used Car Market

  • Unorganized sector accounts for higher vehicle sales
  • Indians rapidly purchasing used cars online
  • Large cars continue to be most popular
  • Market fragmented in nature
  • Increasing demand for luxury cars key industry growth driver
  • Organized auto dealers expanding their presence in India

Get the sample copy this report @ https://www.psmarketresearch.com/market-analysis/india-used-car-market/report-sample

During the COVID-19 pandemic, the sales of vehicles, used and brand new, almost reduced to zero in 2020. The negative impact of the pandemic on the Indian used car market is because of the social distancing measures and lockdowns implemented in the country. The lockdowns have further rendered a large number of people unemployed, while many more are working on substantially reduced salaries. This has led to a decrease in the purchasing powers, which is why people are mostly spending on essential items, such as medicines and ration.

In the coming years, the organized bifurcation will witness the faster growth in the Indian used car market, on the basis of sector. As most of the vehicle sellers are individual owners, customers do not generally trust them. Therefore, buyers are now shifting to the organized sector, which offers cars after rigorous quality checks and certification.

Throughout this decade, the Indian used car market is predicted to be dominated by the large category, under segmentation by vehicle type. Around the country, the demand for good-quality sports utility vehicles (SUVs) that are less driven is rising. Moreover, the increasing disposable income of people is allowing them to spend on second-hand SUVs.

Browse detailed report with COVID-19 impact analysis on India Used Car Market Research Report: By Sector (Organized, Unorganized), Vehicle Type (Medium, Small, Large), Sales Medium (Offline, Online) – Industry Trends and Growth Forecast to 2030 @ https://www.psmarketresearch.com/market-analysis/india-used-car-market

Maharashtra is the largest contributor to the Indian used car market presently on account of the high depreciation value of second-hand automobiles. Moreover, the increasing population of the youth, rising disposable income, surging internet penetration in tier II and III cities, and rapid urbanization are driving the demand for used cars in Maharashtra. Additionally, the state offers a supportive business environment to used car dealers and the vehicles themselves at low costs.

In the years to come, Delhi will be the fastest-growing state in the Indian used car market as a result of the decreasing average ownership duration of automobiles. Further, due to the high demand for such vehicles and intense competition in the market, automobile dealers often slash the prices massively and perform minor repairs, which increases the interest of people in used cars.

Make enquiry about this report @ https://www.psmarketresearch.com/send-enquiry?enquiry-url=india-used-car-market

Key established players in the Indian used car market are Cars 24 Services Pvt. Ltd., Big Boy Toyz Pvt. Ltd., OLX Group, Quikr India Private Limited, Truebil, CarDekho.com, Droom Technologies Pvt. Ltd., Mahindra & Mahindra Limited, Maruti Suzuki India Limited, Honda Motor Co. Ltd., Toyota Motor Corporation, Ford Motor Company, and Tata Motors Limited.

Browse More Reports:

Global Used Car Market Revenue Forecast – The major factors driving the progress of the used car market are the growing requirement for off-lease vehicles and the rising demand for car subscription services across the world.

Global Car Rental Market Revenue Forecast – Geographically, the car rental market is predicted to register the highest growth in the North American region in the upcoming years.

Latest Members

Recent AchievementsYou must be logged in to view earned achievements

What is a Wire Coin?

Find connections

Who is online

Latest Hashtags

#artificialintelligence #betting #blockchain #casino #esports #fintech #gaming #hiptherfestival #hipthers #igaming #slots #technology