Day: June 2, 2022

MONTREAL, June 02, 2022 (GLOBE NEWSWIRE) — Bombardier is pleased to announce the appointment of Jianwei Zhang as Chairman, Bombardier China, effective immediately.

SAN JOSE, Calif., June 02, 2022 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced that Matthew Saxon will join the company as its Chief People Officer, effective immediately. Saxon brings more than 20 years of experience in human resources and people operations. He was most recently the Vice President of People Operations at Meta, and previously was Senior Vice President of Compensation, HR Operations, and Shared Services at Humana. Saxon will lead Zoom’s people experience team and report to Aparna Bawa, Zoom’s Chief Operating Officer.

Zoom has experienced rapid growth in its workforce to meet the demands of its customers and business worldwide. Saxon will help Zoom’s continued growth and help scale all elements of the organization including culture, organizational design, talent acquisition, engagement, training and development, employee experience, and infrastructure.

“Our Zoomies are at the core of everything we do, and we know that having the right leader in place to help shape the future of Zoom’s workforce will allow us to better serve our customers’ evolving needs. We are excited to welcome Matthew, who has a deep understanding of the complexities today’s workforce is facing, and we are confident that his skill set will help elevate and strengthen Zoom as we navigate the next phase of work together,” said Bawa.

“I was drawn to Zoom’s clarity in its core value of care. It is obvious in everything the company does, but most importantly, it’s clear the leadership team genuinely cares about employees. Zoom has completely transformed the way people and businesses connect, and I’m excited to help drive the company forward by elevating and advocating for our employees. Together, Zoom will continue to lead and demonstrate how companies can thrive to drive successful business outcomes,” said Saxon.

About Matthew Saxon
Matthew Saxon leads the People Experience team at Zoom, ensuring that the core value of Care is reflected in the company’s approach to benefits; compensation; diversity, equity, and inclusion; recruitment; culture; and employee experiences. He brings with him over two decades of experience in the HR field, serving most recently as Vice President of People Operations at Meta, where he helped develop the strategic people roadmap and led the delivery of programs and services supporting significant increases in headcount and company growth. He was also Senior Vice President of Compensation, HR Operations, and Shared Services for Humana Inc., and held several leadership positions at Motorola, Inc., including Vice President of Total Rewards and Vice President of Human Resources for Asia Pacific and Middle East.

About Zoom
Zoom is for you. Zoom is a space where you can connect to others, share ideas, make plans, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for large enterprises, small businesses, and individuals alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

Zoom Public Relations
Candace Dean
Corporate PR Lead
press@zoom.us

Cloud-Native Logging and Security Analytics Leader Boosts Valuation to $2 Billion

CAMBRIDGE, Mass., June 02, 2022 (GLOBE NEWSWIRE) — Devo Technology, the cloud-native logging and security analytics company, today announced $100 million in Series F funding at a valuation of $2 billion. Eurazeo—a leading global investment firm with over $30 billion in assets under management—led the round, and all other existing investors—Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures—also participated. Additionally, ISAI Cap Venture provided a strategic investment in the round. The round brings the total capital raised to more than $500 million. The new funding will fuel growth in new regions and verticals, accelerate Devo’s delivery of the “autonomous SOC” and fund potential new M&A expansion.

The funding round comes on the heels of Devo’s acquisition of Kognos, the AI-powered threat hunting pioneer, which marked a key step in delivering what Devo calls the autonomous SOC— complete visibility, automation, analytics, and open access to community expertise and content.

“Security teams are facing more threats than ever—regardless of industry or geography—and that challenge is compounded by the difficulty of hiring and retaining talent, a lack of visibility into the full attack surface, and the speed and scale necessary to keep up with not just growing threats, but the growth of their organizations,” said Marc van Zadelhoff, CEO of Devo. “This round of funding allows us to deliver on the autonomous SOC through continued innovation of our technology, expand to more regions to serve more customers, and consider more M&A opportunities. We’re thrilled to have instilled such confidence in our investors that they continue to support our innovation and the value we deliver to customers.”

Devo will continue to drive expansion in new verticals and geographies, particularly the public sector and the Asia-Pacific (APAC) region. In February, Devo announced it was designated as Federal Risk and Authorization Management Program’s (FedRAMP) “In-Process” and expects to reach full authorization in the fall of 2022. Devo has also seen substantial growth in the APAC region, including adding energy provider Powerco as a customer and deploying an in-region AWS environment for customers and partners.

“Devo has proven to be a disruptive force in the security analytics market and we believe in its vision to fundamentally change the way organizations secure their data,” said Guillaume d’Audiffret, Managing Director at Eurazeo, who joins the Devo Board. “It is setting a pace for innovation that will enable its customers to meet the ever-growing challenges facing security teams and we look forward to continuing our work together with Devo and fellow investors to further develop its market leadership.”

The round comes as Devo closes out an impressive fiscal year of aggressive growth, including:

• Nearly 100% annual revenue growth
• Nearly 100% customer growth for the year, including Sonos, AT&T, and Unisys
• Achieving FedRAMP “In-Process” status, and adding public sector customers including Ivy Tech Community College and Oklahoma University
• Surpassing 500 employees across North America, Europe, and APAC, including 91 new hires so far in 2022
• Acquisition of Kognos, an AI-powered security automation innovator
• Launch of Devo Exchange, a community-based application marketplace for Devo customers and partners

The funding announcement coincides with the launch of a newly established team of security researchers and data scientists to form Devo SciSec, led by Chief Technology Officer, Gunter Ollmann.

About Devo
Devo is the only cloud-native logging and security analytics platform that releases the full potential of your data to empower bold, confident action. With unrivaled scale to collect all of your data without compromise, speed to give you immediate access and answers, and clarity to focus on the signals that matter most, Devo is your ally in protecting your organization today and tomorrow. Headquartered in Cambridge, Massachusetts, with operations in North America, Europe and Asia-Pacific, Devo is backed by Insight Partners, Georgian, TCV, General Atlantic, Bessemer Venture Partners, Kibo Ventures and Eurazeo. Learn more at www.devo.com.

Devo PR Contact:
Shannon Todesca
shannon.todesca@devo.com
+1 (781) 797-0898

TORONTO, LONDON, and NEW YORK, June 02, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management company, Colliers (NASDAQ and TSX: CIGI), announced today the completion of its strategic investment in Basalt Infrastructure Partners LLP (“Basalt”), a leading transatlantic infrastructure investment management firm with more than $8.5 billion of assets under management.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 62 countries, our 17,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of 20% for shareholders. With annual revenues of $4.3 billion and $65 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people.  Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

About Basalt

Basalt is the exclusive investment advisor to the Basalt funds, comprising Basalt I, Basalt II, and Basalt III. The Basalt funds are infrastructure equity investment funds focusing on mid-market investments in utilities, power, transport, and communications infrastructure in North America and Europe.

For more information, please visit www.basaltinfra.com.

Non-GAAP Measures

We use the term assets under management (“AUM”) as a measure of the scale of our Investment Management operations. AUM is defined as the gross market value of operating assets and the projected gross cost of development properties of the funds, partnerships and accounts to which we provide management and advisory services, including capital that such funds, partnerships and accounts have the right to call from investors pursuant to capital commitments. Our definition of AUM may differ from those used by other issuers and as such may not be directly comparable to similar measures used by other issuers.

COMPANY CONTACTS:

Christian Mayer
Chief Financial Officer
(416) 960-9500

• Climbs 2021 ranking, up two from 4^th place
• Three consecutive years Schneider Electric has placed in the top five

Rueil-Malmaison (France), 2 June 2022 – Schneider Electric, the global leader in energy management and automation, was ranked second in the Gartner Supply Chain Top 25 for 2022.
This is the third time Schneider Electric has placed in the top five and the seventh consecutive year it has ranked on the list. This demonstrates the company’s ongoing commitment and investment to strengthen its supply chain strategy.

Schneider Electric’s Hyderabad, India factory, recognized by the World Economic Forum as an Advanced Lighthouse in 2022

This recognition comes in a year of prolonged supply chain disruption. Companies around the world and across industries continue to be challenged by the impact of the COVID-19 pandemic, facing constrained labor availability, global shortages of raw materials and electronics, and transportation issues. It has become even more critical for corporates to rethink, reprioritize, and reinforce the robustness of their supplier network and increase local capacity.

The Gartner Supply Chain Top 25 for 2022 identifies, celebrates, and profiles companies demonstrating excellence in supply chain management amid global supply chain disruption. The list is decided based on three aspects:

• Financial metrics including return on physical assets and revenue growth
• Corporate social responsibility including ESG measures
• Community opinion including Gartner experts and industry peers.

“We are humbled and honored to be recognized by Gartner and our peers,” said Mourad Tamoud, Schneider Electric’s Executive Vice President of Global Supply Chain. “We continue to invest in improving our supply chain because we have an unwavering commitment to our customers and sustainability. We think this recognition is further proof we are on the right path — that investing in people and fourth industrial revolution technologies has concrete benefits for resilience, agility, efficiency, and sustainability.”

Earlier this year, Schneider was recognized by Gartner in the Power of the Profession™ Supply Chain Awards. for its Adaptive Machine Learning Driver ‘Self-Healing’ Supply Chain in the Process or Technology Innovation of the Year category. The Schneider platform optimizes performance-related parameters such as safety stock quantity, minimum order quantities, and lead times on a real-time basis through machine learning. This has resulted in savings of more than €100 million.

Sustainability is at the core of Schneider’s purpose and mission, and the first pillar in its supply chain strategy, STRIVE (Sustainable, Trusted, Resilient, Intelligent, Velocity and Efficiency). Now in its second year, the company has accelerated its transformation toward becoming the most agile, innovative, planet and customer-centric supply chain.
Last year, Schneider launched the Zero Carbon Project, which aims to lower the carbon footprint of its supply chain. More than 1,000 suppliers, which represent 70% of Schneider’s carbon emissions, have committed to the initiative to half their operations’ CO2 emissions by 2025. The Project is part of Schneider’s 2021-2025 sustainability goals, and is a concrete step towards limiting the rise in average global temperatures to 1.5°C or less by 2050, as targeted by the Paris Agreement.

Earlier this year, Schneider Electric’s Le Vaudreuil factory in France was recognized by the World Economic Forum as a Sustainability Lighthouse, one of only six globally, and two for the company with the other being Lexington, Kentucky. Its Hyderabad factory in India was also recognized as an Advanced Lighthouse, bringing the company’s total count to five.
To learn more, visit www.se.com

Gartner, The Gartner Supply Chain Top 25 for 2022, May 26, 2022

Gartner Press Release, Gartner Announces the 2022 Power of the Profession Supply Chain Award Winners, March 16, 2022

Gartner does not endorse any vendor, product or service depicted in its research publications and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s Research & Advisory organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER and POWER OF PROFESSION are registered trademarks and service marks of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

www.se.com

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Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights

Hashtags: #LifeIsOn #SupplyChain #GartnerTop25

Neeyamo’s EOR solution is delivered leveraging a single global platform that is integration-ready for ensuring data accuracy across all countries of operation.

Neeyamo’ EOR Services

Neeyamo’ EOR Services

DUBAI, Arab Emirates, June 01, 2022 (GLOBE NEWSWIRE) — Neeyamo Inc., a leading provider of technology-enabled global payroll solutions to multinational and micro-multinational corporations worldwide, expands its capability to provide Global Employer of Record (EOR) services for over 150 countries across all major markets.

Neeyamo’s EOR solution offering will enable customers to leverage the local workforce without establishing a separate entity, opening a new office, or a bank account that is otherwise required to facilitate salary payments. Neeyamo will be responsible for the employee’s onboarding, payroll, funds disbursement, and compliance with local tax laws and regulations. In contrast, its customers can focus on the employee’s day-to-day tasks. Our global payroll technology stack, coupled with our global presence, experience in managing global payroll & local compliance regulations, knowledge of local benefits, and cultural nuances, allows organizations to optimize the management of their extended workforce. Neeyamo’s EOR services are delivered leveraging a single global platform that is integration-ready for ensuring data accuracy across all countries of operation.

Commenting on the expansion in the solution portfolio, Vivek Khanna, President and Chief Client Partner, said, “The pandemic has fundamentally altered how organizations operate today. As businesses grow and expand, there is a greater demand for a more skilled and adaptable workforce. The increasing demand from our clients prompted us to focus on EOR as a service line progressively. The expansion was seamless thanks to our existing global presence and our expertise in global payroll that presently extends to cover over 180 countries. With clients onboard across all regions, we’re excited to showcase our capability in the EOR space.”

About Neeyamo 
Neeyamo is a leading technology-enabled global payroll and EOR solutions provider for multinational and micro-multinational corporations worldwide. With an extensive team of professionals serving clients across 190+ countries, Neeyamo leverages its unique service-based model and functionality-rich, next-generation HR & payroll product portfolio to help organizations enable agile and scalable business. To know more, visit www.neeyamo.com.

Media contact: corporate.communications@neeyamo.com

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Neeyamo Expands Its Solution Portfolio With Global Employer of Record (EOR) Services in 150+ Countries

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