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A UBI program initiated by Jax.Network is launched

DUBAI, United Arab Emirates, June 06, 2022 (GLOBE NEWSWIRE) — Jax.Network, a blockchain company building an energy–standard monetary system, initiated a universal basic income (UBI) program via JaxCorp DAO, a decentralized autonomous organization created specifically for this purpose. The goals of a program are to alleviate poverty and replace other need–based social programs that potentially require greater bureaucratic involvement.

Run on smart contracts, the UBI initiative allows the DAO to distribute a minimum amount of funds to everyone who applies for it in a decentralized and secure way. Ideally, it is a guaranteed income that users receive to cover their basic needs, like food and shelter. At the moment, the first 10,000 people can get free $10 as an advance, which will be deducted from the future UBI payouts.

At the initial stages, the UBI amount is forecasted to be higher for early adopters. With the wider awareness of the program, it may decrease a bit; however, creators expect some people to join the program as donors and donate funds to sustain the relevant UBI level. As the UBI initiative is funded by the fees collected from transactions carried out in stablecoins created on the Jax.Money platform, higher volumes can also become a major booster of the UBI payouts in the future. Thus, everyone who supports UBI should switch to JAX Dollar (JAXUD) and JAX Rupee (JAXRE) in order to keep the work going.

"We aim at building a society, where individuals have the freedom to do whatever they choose, so long as they do not infringe upon other people's rights and liberties. Thus, UBI becomes a cornerstone for bringing our philosophical vision into life," Vinod Manoharan, the Founder of Jax.Network shared in a comment.

About Jax.Network

Jax.Network provides the technological infrastructure for a decentralized energy–standard monetary system. The Jax.Network blockchain is anchored to the Bitcoin network and issues two digital currencies JAX and JXN. JAX is a stablecoin pegged to the energy spent on mining, while JXN is an asset coin representing the value of the whole network. The Jax.Network team aims at making these coins a universal standard for the quantification of economic value.

CONTACT Viktoriya Nechyporuk, Marketing Communications Lead
COMPANY Jax.Network
PHONE +380 67 657 0029
EMAIL viktoriya@jax.net
WEB https://jax.network


GLOBENEWSWIRE (Distribution ID 1000657465)

Lighthouse Labs raises US$7M seed round, co-led by Accel, BlockTower and Animoca Brands, to build the open metaverse navigation engine

MONTREAL, May 11, 2022 (GLOBE NEWSWIRE) — Lighthouse, the company building the open metaverse navigation engine, today announces that it has raised a US$7 million seed round co–led by Accel, BlockTower and Animoca Brands. The round includes participation from White Star Capital, Sparkle Ventures, Gemini Frontier Fund, The Graph core developers StreamingFast, Tiny VC and angels including Patricio Worthalter (founder, POAP), Ryan Selkis (founder, Messari), Alex Svanevik (founder, Nansen), Thibault Launay (founder, Exclusible) and other high profile Web3 investors.

On the back of a year that saw virtual worlds like The Sandbox, Decentraland and Otherside sell hundreds of millions of dollars' worth of land and attract names such as Adidas, Tommy Hilfiger and Snoop Dogg, the metaverse has rapidly captured public interest. Many new worlds have emerged to empower creators and capitalize on a market opportunity estimated at US$680 billion by 2030 (Grand View Research). The ecosystem's rapidly growing level of fragmentation is making discovery an increasingly daunting experience for users and creators, who are now left wondering which world to explore and build experiences into.

Founded by Jonathan Brun and Justine Massicotte, Lighthouse seeks to solve this problem by simplifying discovery and mobility across the spatial web. Its platform, which will launch this summer, will enable users to search for places, events, creators, experiences, and even friends across and within virtual worlds. Beyond search, Lighthouse will offer a portal where users will be able to see trending activities, build groups of friends to explore the metaverse, see where their NFTs are usable and follow the work of specific brands and creators. Prior to launching Lighthouse, Jonathan Brun was Entrepreneur in Residence in White Star Capital's Digital Asset Fund while Justine Massicotte was in charge of the Query Suggest engine at Coveo, a publicly–traded enterprise search company with global operations.

"If you are curious about the metaverse and don't know where to start, Lighthouse will be the place to go," says Jonathan Brun, co–founder and CEO of Lighthouse. "Right now, discovery in the metaverse feels more like gaming, where you need to jump from one game to the next to find things, than the internet, where you can access everything from a single entry point. By building Lighthouse, we take the view that siloed worlds will eventually merge to become closer to the web. We've all seen how much standards and principles of openness propelled our digital lives with the internet. We are confident that Web3 virtual worlds will unite behind our vision of making the open metaverse a searchable place."

“Lighthouse has the exciting opportunity to build a part of the unifying infrastructure for the metaverse,” said Andrei Brasoveanu, Partner at Accel. “The power of the metaverse lies in making it discoverable to a broad range of users, creators, and brands. Jonathan and Justine have thought hard about the opportunity ahead and what it takes to enable everyone to immerse themselves in this increasingly fragmented virtual world. We're looking forward to partnering with the Lighthouse team on this journey!”

To power its platform, Lighthouse partners directly with the worlds for which it provides search capabilities. "Web search engines like Google or Brave use crawlers to discover publicly available web pages. However, because of the heavy and dynamic nature of 3D interactive media, powering real–time search across and within virtual worlds requires direct data integration. The open metaverse is still early, which gives us the opportunity to work hand–in–hand with projects to deploy standards that will ensure that the spatial web forms a cohesive unit," said Lighthouse's co–founder and CTO, Justine Massicotte.

Yat Siu, the executive chairman and co–founder of Animoca Brands, commented: "As a long–time builder and supporter of the open metaverse, Animoca Brands is well aware of Lighthouse's overall value proposition and in particular of the pain points that the company is working to solve. We believe that Jonathan and Justine have the right vision and expertise to execute and we look forward to providing our assistance as they expand the universe of worlds they partner with."

"As users will be spawning with their Avatars identity into many parallel virtual worlds in the open metaverse, we believe a new standard for a navigation system allowing for both content discovery and socialization layers will be needed, to aggregate metadata that facilitates connecting with your friends and communities across them and exploring content from one to another,” said Sebastien Borget, COO & co–founder of The Sandbox. “Lighthouse's vision just focuses on that and we are happy to be working closely with them at The Sandbox and look forward to continuing providing our support to make the future truly open, transparent and interoperable."

The funding will be used to grow Lighthouse's engineering and community teams, expand the universe of worlds it partners with and launch its platform in Summer 2022.

To stay up to date with Lighthouse, keep an eye on their Discord, Medium and follow them on Twitter.

About Lighthouse Labs
Lighthouse is an open metaverse navigation engine that enables the search for places, events, friends, creators, assets, and experiences across and within virtual worlds. Through its portal, Lighthouse empowers users to find trending activities, build groups of friends to explore the metaverse, see where their NFTs are usable and follow the work of specific brands and creators. Lighthouse powers its solution by directly integrating with the virtual worlds for which it provides searchability capabilities. For more information visit: https://www.lighthouselabs.xyz/

Lighthouse is currently looking to expand the universe of worlds it partners with. If you are building a virtual world and would like to collaborate, go to https://www.lighthouselabs.xyz/ to book an intro meeting with the Lighthouse team.

Media Contact
Cat Staffell
cat@serotonin.co


GLOBENEWSWIRE (Distribution ID 8540265)

PRNEWS.IO will participate in iFX EXPO Dubai 2022

TALLINN, Estonia, Feb. 17, 2022 (GLOBE NEWSWIRE) — PRNEWS.IO, a European online platform that connects brands and news outlets, will participate in the iFX EXPO Dubai 2022 to meet the growing interest of fintech companies in sponsored content in a native format.

The iFX EXPO is the leading B2B conference on online trading, financial services and fintech. Organised by Ultimate Fintech, the iFX EXPO Dubai will take place at Za'abeel Hall 6, Dubai World Trade Centre from 22–24 February 2022.

“The format of native advertising is not so much about promoting a particular brand as it is about building a culture of consumption. Today it is one of the fastest growing segments of marketing communications and companies in the fintech industry are showing increased interest in it,” specified Alexander Storozhuk.

PRNEWS.IO is the world's first and largest media–sponsored fixed–price content marketplace. In 2021, more than 76,000 media outlets from 142 countries in 52 categories have been connected to marketing and PR teams and agencies around the world in a single content marketing platform.

Serving over 1,000 clients in 82 countries PRNEWS.IO has the expertise to help brands maximise their media presence through an extensive catalog of media.

The PRNEWS.IO team will be present at the booth and will hold a series of meet–up's of online communications and PR, based on big data.

About PRNEWS.IO

PRNEWS.IO is an Eastern European startup based on the mission of using big data for predictable brand communications with people through media stories. PRNEWS.IO collects information on hyperlocal online newspapers and niche online publications. A total of 76,000 media outlets from 142 countries are connected to the platform. Since the beginning of 2021 more than 1.5 million people have visited the platform PRNEWS.IO.

PRNEWS operates in Estonia and has a development office in Ukraine. The company is also a service provider of the Estonian a government–issued digital identity and status program called e–Residency.

PRNEWS.IO was named “Best Small Business Support in Winter 2022” by G2, the world's largest technology marketplace.

Alexander Storozhuk, founder and board member of PRNEWS.IO, was admitted to the Forbes Business Council.

PRNEWS O is the managing company of PRNEWS.IO web portal headquartered in Tallinn, Estonia, and offices in Ukraine.


GLOBENEWSWIRE (Distribution ID 8476750)

Transsion and HERE partner to enhance location accuracy experience for smartphone users in emerging markets

  • Businesses and smartphone users in emerging markets will experience precise location fix on their apps and devices, even in challenging indoor and outdoor environments

Beijing and Mumbai "" HERE Technologies, the leading location data and technology platform, today announced that Transsion, the leading provider of smart devices and mobile services in global emerging markets, has selected HERE Network Positioning to improve its location accuracy capabilities in emerging markets such as Kenya, Nigeria, Ghana, Bangladesh, India, Pakistan, Indonesia and Thailand.

The global number of mobile internet users is expected to reach five billion by 2025, a 25% increase from 2020. This figure represents 60% of the world's population, with much of the forecasted growth coming from emerging digital markets in Asia Pacific, Sub–Saharan Africa, Middle East and North Africa (MENA), and Latin America[i].

By deploying HERE Network Positioning, Transsion will be able to identify accurate positioning of its devices both indoors and outdoors. This works especially when satellite signals of Global Positioning System (GPS) are not available, such as when the device is located indoor or the GPS signals are blocked by objects. As a result, Transsion will enable its smartphone users to locate devices, people, and objects faster, with higher precision and confidence.

Robin Wang, Assistant President at Transsion said, "As a technology company with a focus on global emerging markets, we've long been committed to supporting local communities there. We've decided to deploy with HERE because they have presented a stand–out, compelling solution for markets that lack advanced infrastructure such as Africa and India."

One use case that HERE Network Positioning will benefit is ride–hailing or ride–sharing. In Africa, ride–hailing has become increasingly popular over the years, with the number of users expected to grow 16% from 50.3 million in 2021 to 58.4 million by 2025[ii]. Traditional taxi companies are also pivoting their business model to include services that can be booked via mobile applications, making it more transparent for customers than before.

For these urban mobility services to stand out from its competition, a good user experience is key. HERE Network Positioning enables Transsion to gain an edge over its competitors by providing its users with more accurate calculations of estimated times of arrivals (ETA) and precise pick–up and drop–off locations. End users of Transsion will also benefit from more accurate positionings which may otherwise be affected due to the presence of buildings, trees, tunnels, bridges and atmospheric conditions that can put direct drivers to wrong locations.

"For ride–hailing services, being able to identify the exact location for pick–ups and drop–offs "" whether it's the right side of the street or the right entrance/exists within large venues such as airport or stadiums "" makes a huge difference in improving user experience. That's the difference Transsion is here to provide," added Wang.

Sammie Xi, Director and Head of Business for Greater China at HERE Technologies said, "Transsion is taking a big step forward in enhancing the quality of data within emerging economies. This is truly meaningful and inspiring. We've seen how the pandemic has profoundly impacted our lives, economies, and the global digital landscape. We are immensely proud to support Transsion in providing a more inclusive connected world for consumers. "

Media contacts
HERE Technologies
Camy Cheng
+65 9088 4127
Camy.cheng@here.com

About HERE Technologies
HERE, the leading location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. By leveraging our open platform, we empower our customers to achieve better outcomes "" from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn more about HERE, please visit www.here.com and www.360.here.com.

About Transsion
TRANSSION Holdings is committed to becoming the most popular provider of smart devices and mobile services for consumers in global emerging markets. The company is best known for its high–quality multi–brand smart devices. Mobile phones are its core products, while it also offers mobile Internet services based on a self–developed operating system. To learn more about TRANSSION, please visit www.transsion.com.

[i] The Mobile Economy 2021, GSM Association
[ii] https://www.statista.com/outlook/mmo/mobility–services/ride–hailing–taxi/africa#analyst–opinion

Attachment


GLOBENEWSWIRE (Distribution ID 1000600766)

Expereo Launches SD-WAN Gateways

AMSTERDAM, The Netherlands, Jan. 20, 2022 (GLOBE NEWSWIRE) — Expereo, the leading global provider of managed Internet, SD–WAN, SASE, and Cloud Access solutions, announces the launch of SD–WAN Gateways. This new service boosts the SD–WAN performance for enterprises with a global footprint to support their multi–cloud strategies and increase application performance.

SD–WAN Gateways allow enterprises' global network to enhance the SD–WAN experience between data centers and hub sites both intra–regionally and globally, without sacrificing in–country performance. Enterprises can combine their existing SD–WAN solution with Expereo SD–WAN Gateways, to optimize the end–user application experience and reduce operational costs.

The new service leverages Expereo's managed SD–WAN service offerings complemented with proprietary smart BGP routing optimization technology, optimizing SaaS reach and access to public and private cloud, overcoming internet limitations.

"Businesses are entering a multi–cloud era in which the internet cannot always provide consistent quality for enabling their applications to perform seamlessly. One of the main SD–WAN Gateways benefits is that it combines a scalable network infrastructure with an enhanced WAN performance boosting your application performance. This results in a better user experience and higher productivity," comments Sander Barens, CPO of Expereo.

As Thomas Jongerius, SD–WAN/SASE Technical Lead at Expereo explains "Many enterprises face poor application experience due to unpredictable Internet performance resulting in high IT and support cost for businesses that operate globally. Our new SD–WAN Gateway service is all about getting the best application performance across the entirety of your network."

With SD–WAN Gateways, Expereo expands its managed services offering, taking a new step towards simplifying global cloud connectivity.

About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE, and Cloud Access Optimization services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance. In Feb 2021, Vitruvian Partners international growth capital and buyout firm acquired a majority stakeholding in Expereo, alongside the leading European private equity firm Apax Partners SAS and the company's management.

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GLOBENEWSWIRE (Distribution ID 8430427)

Expereo Appoints Ben Elms as Chief Revenue Officer

AMSTERDAM, The Netherlands, Jan. 04, 2022 (GLOBE NEWSWIRE) — Expereo, the world's leading provider of Global Internet, Cloud Access Optimization, SASE, and SD–WAN services, has today announced the appointment of Ben Elms as Chief Revenue Officer. Elms' s overarching brief is to lead the Sales and go–to–market transformation across all channels and drive the expansion and adoption of Expereo's services globally.

Elms brings more than 20 years of operational expertise and leadership in the telecommunications industry. Most recently, he served as the Group Director (CEO) at Vodafone Global Enterprise, a division of Vodafone Group Plc, a leading international wireless and wireline operator. Whilst there, he was responsible for leading global team managing relationships with multinational customers around the globe. During his tenure, the business outperformed the market with strong EBITDA performance and delivered significant improvements in customer and employee satisfaction whilst driving a program of operational efficiencies.

With his strong market experience, customer track record, and breadth of international expertise, he is a significant hire for the company as it continues its global growth and development.

Commenting on the appointment Irwin Fouwels, CEO at Expereo, said,

"Ben exhibits all the trademarks of a great leader, a true team player with super–strong commercial acumen and operational experience whilst demonstrating a relentless focus on the needs of the customer. Over the last few years, we see enterprises becoming even more cloud and internet–centric. Expereo has established a global leadership position in the highly attractive global cloud and software–defined networking market. I am very excited to have Ben join our company to continue our global go–to–market transformation. I am looking forward to a great partnership to take Expereo to further heights."

On joining the Expereo, Elms said:

"I am honored to be appointed as Expereo's first Chief Revenue Officer and to lead the next phase of growth. Expereo is on an exciting journey and has developed a unique market leadership position. My immediate focus will be on serving our customers as we continue to invest and expand our market position and in building operational excellence in our go–to–market. I look forward to speaking and meeting with employees, customers, and partners and working with Irwin and the team to take the business forward in a market that has a huge opportunity."

Elms' appointment comes after a sustained period of acquisition and expansion for Expereo, which will continue into 2022. With Elms added to its executive management team, the business will look to further consolidate its position as a leading player in the market – delivering simplified global networks while delighting customers with the seamless delivery of complementary services from one trusted supplier

About Expereo
Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE, and Cloud Access Optimization services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance. In Feb 2021, Vitruvian Partners international growth capital and buyout firm acquired a majority stakeholding in Expereo, alongside the leading European private equity firm Apax Partners SAS and company management.

LinkedIn | Twitter |

MEDIA CONTACT:
Sofia Pensado
Account Director
sofia@grammatikagency.com
+447540221914


GLOBENEWSWIRE (Distribution ID 8420909)

Expereo Achieves Cradlepoint 5G for Enterprise Branch Specialization

AMSTERDAM, The Netherlands, Oct. 26, 2021 (GLOBE NEWSWIRE) — The world's leading provider of Global Internet, Cloud Access Optimization, SASE and SD–WAN services, Expereo, is proud to announce today that it has achieved 5G for Enterprise Branch Specialization from Cradlepoint, the global leader in cloud–delivered LTE and 5G wireless network edge solutions. The 5G for Enterprise Branch Specialization identifies and recognizes partner organizations that are leaders in positioning and selling Cradlepoint's 5G for business solutions by meeting a series of sales, technical, and business proficiency criteria.

By receiving the specialization, Expereo will support Cradlepoint's efforts of selling the industry's most comprehensive portfolio of 5G solutions to meet the business imperatives of availability, interoperability, security, and manageability.

By leveraging Cradlepoint's Netcloud solution, Expereo delivers portable network connections that can be used as primary, failover or underlay links. Having no physical transmission medium makes deployment easy with just a 4G/5G–enabled router and ready to use data SIM card(s) from Mobile Operators. This allows backup facilities or temporary offices to instantly connect to the internet and guarantees corporate network connection for when operations are disrupted as a result of disasters or contingency planning. Mobile Broadband can also be used to improve redundancy on SD–WAN and optimize application performance by adding more choice to the underlay, further diversifying current MPLS and Internet components within the SD–WAN environment.

"Being recognized as a 5G Enterprise Branch specialization showcases Expereo's commitment to using the best–of–breed technology as part of its service stack, as well as getting our customer path to 5G for business," explains Catherine Lee, Director Service Development at Expereo. "Our customers get the most advanced mobile endpoint equipment there is, access to extra–mile support, and the assurance that the products and services we jointly provide with Cradlepoint will meet the needs enterprise network," he continues.

By combining its NetCloud platform with a clean–sheet–of–paper design for its new 5G modems and antenna systems, Cradlepoint is the first to deliver comprehensive 5G solutions for business. Specific capabilities include combining LTE, Gigabit–Class LTE, and 5G in a single wireless WAN; supporting all 5G spectrums, interoperating with existing customer SD–WAN and router infrastructures; and simplifying the entire network management lifecycle.

"Cradlepoint is committed to leading the evolution of Wireless WAN and 5G and is both the first and best choice for customers in this space," said Eric Purcell, senior vice president of global partner sales at Cradlepoint. "Our reseller, service provider, and technology partners play a crucial role in this mission. The addition of Expereo to our 5G for Enterprise Branch Specialization program is another important step in leading the path to 5G for business."

About Expereo
Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE, and Cloud Access Optimization services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance. In Feb 2021, Vitruvian Partners international growth capital and buyout firm, acquired a majority stake holding in Expereo, alongside to the leading European private equity firm Apax Partners sas, and company management.

About Cradlepoint
Cradlepoint is a global leader in cloud–delivered LTE and 5G wireless network edge solutions for branch, mobile, and IoT networks. Cradlepoint NetCloud, the personification of the company's Elastic Edge vision, is a subscription–based service with purpose–built endpoints that delivers a pervasive, secure, and software–defined Wireless WAN edge to connect people, places, and things over LTE and 5G cellular networks. More than 22,000 businesses and government agencies around the world rely on Cradlepoint to keep critical sites, points of commerce, field forces, vehicles, and IoT devices always connected and protected, including 75% of the world's top retailers, 50% of the Fortune 100, and first responder agencies in 25 of the largest US cities. Major service providers use Cradlepoint solutions as the foundation for innovative managed services. Founded in 2006, Cradlepoint is a privately held company headquartered in Boise, Idaho, with a development center in Silicon Valley and international offices in the UK and Australia.


GLOBENEWSWIRE (Distribution ID 8379999)

Expereo announces the grand opening of their new Center of Excellence in Dubai

DUBAI, United Arab Emirates, Aug. 09, 2021 (GLOBE NEWSWIRE) — Expereo, the leading global provider of managed Internet, SD–WAN, SASE, and Cloud Access solutions, announces the opening of their brand new state of the art 10,000 sq. ft Customer Support Excellence Center in Dubai, UAE.

The Center represents Expereo's latest expansion of their presence in the UAE, complementing their global Customer Support presence in the Philippines and Buenos Aires, supported by expert Network Engineering Centers in the Netherlands, France, and USA. The latest UAE Center will house more than 100 talented experts from 18 different nationalities speaking 32 languages, ensuring a truly global customer experience and quality of service across Expereo's global Internet and cloud access supplier base.

Boasting state–of–the–art IT infrastructure, Expereo's latest Customer Support Excellence Center will operate fully cloud native with multilayered security controls. Expereo's environmental and social responsibility program has been a key driver in the planning and design. Decommissioned technology and legacy IT equipment will be donated to educational institutions within the developing world. The new Center is designed to minimize energy consumption, eliminate single–use plastics, and improve employee well–being with state–of–the–art facilities and air quality management.

Commenting on Expereo's latest growth in global presence, Irwin Fouwels, CEO says:

"As we grow our suite of cloud fabric connectivity solutions and global enterprises accelerate the transformation to internet–based networking, we are committed to providing world class and truly global support capabilities; from initial architecture design, to deployment and support. To do so we attract the best talent, and do so at scale. Over the last 18 months, we have adopted working–from–home policies balancing employee–wellness, customer experience and productivity. The addition of our new state–of–the–art UAE facilities will allow us to do so at scale, delivering on our ambition to provide an unrivaled customer experience."

Raed Rached, Managing Director for Expereo Middle East says:

"The new Center of Excellence will harness talent in pursuit of maintaining our customers' mission–critical infrastructure and cloud applications. This follows Expereo's strategy to empower, adopt, monetize and rapidly accelerate our customers' transition to a cloud–based ecosystem. The new center provides our customers with the ability to utilize next–generation connectivity and offers them unrivaled capabilities to prepare them for tomorrow's challenges. I am deeply proud of the experts who have enabled Expereo to reshape and evolve the telco industry by positioning the customer experience at the heart of everything that we do."

About Expereo
Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE and Cloud Acceleration services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance.

www.expereo.com
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Expereo 2021

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6d1c2d83–3b9b–47b8–a814–46cd05570a46


GLOBENEWSWIRE (Distribution ID 8304503)

Expereo acquires global managed Internet access provider, Brodynt

AMSTERDAM, July 08, 2021 (GLOBE NEWSWIRE) — Expereo, a leading global provider of managed Internet, SD–WAN, SASE, and Cloud Access solutions, announces that it has agreed to acquire Brodynt, a provider of global managed Internet services. This acquisition further strengthens Expereo's position in providing global managed Internet & SD–WAN services to its global enterprise customer base and service provider partner community.

This news follows the acquisitions of GlobalInternet, Comsave, and Videns IT Services, a leading provider of managed SD–WAN and SASE services, late last year and earlier this year. These acquisitions solidify Expereo's position in leading the global transformation to software–defined and internet–based networking. With the full support of majority investor, Vitruvian Partners, and minority investor, Apax Partners SAS, Expereo intends to continue its acquisition strategy.

Global enterprises are accelerating their network transformations following the emergence of the COVID–19 pandemic. Following an initial rush to get their global networks fit–for–purpose for remote working, global enterprise connectivity is now migrating rapidly to software–defined and internet–based solutions, including through accelerated adoption of cloud applications. Expereo's depth and breadth of expertise in providing and managing software–defined and internet–based networks and Cloud Access allows a globally operating enterprise to do so with ease, trust, and security.

"Expereo brings additional global reach, leading digital user and operations platform, and complementary SD–WAN and SASE experience that our customers and partners will greatly benefit from," says Marcus Munoz, Brodynt Co–CEO. "We have built a great customer and partner base, as well as a superb team supporting them," adds Marc Mateo, Brodynt Co–CEO. "I am excited to see this integrated into Expereo, enabling faster expansion and adding broader capabilities as the market very rapidly transforms with internet services now being core to global enterprise connectivity networks; Expereo brings the scale to do so efficiently."

"It is all about scale and delivering world–class customer experience," says Irwin Fouwels, CEO Expereo. "Where our ability to effectively source, manage, and improve performance of any type of internet–based networking service anywhere in the world complemented traditional wide–area–network technology, we are now effectively replacing such legacy solutions. Overlaying our own cloud fabric and digital customer interface takes a global internet–based solution to the next level in terms of performance and experience "" we are excited to bring this to Brodynt's customers and partners."

About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, SASE, and Cloud Access services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government locations worldwide, helping to enhance every business's productivity with flexible and optimal Internet performance.

Vitruvian Partners, an international growth capital and buyout firm headquartered in London with offices across London, Stockholm, Munich, Luxembourg, San Francisco, and Shanghai, acquired a majority shareholding in Expereo earlier in 2021. Apax Partners SAS, a leading European private equity firm based in Paris, owns a minority shareholding alongside Vitruvian. Paris–headquartered Apax Partners SAS and London–headquartered Apax Partners LLP have a shared history but are separate, independent private equity firms.

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About Brodynt

Brodynt provides global managed Internet and SD–WAN services to global enterprise customers and service providers such as ISPs, Carriers, and System Integrators. Founded in 2012 with headquarters in Barcelona, Spain, and offices in Austin, Texas, and Amsterdam, The Netherlands.

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Q Advisors is a global TMT investment banking boutique, acted as exclusive financial advisor to Brodynt in connection with the transaction.


GLOBENEWSWIRE (Distribution ID 8276749)

Expereo acquires Videns IT Services, the experts in NextGen SD-WAN & SASE

AMSTERDAM, Feb. 18, 2021 (GLOBE NEWSWIRE) — Expereo, the global provider of managed Internet, Cloud access, and SD–WAN solutions, announces the acquisition of nextgen SD–WAN & SASE solutions provider Videns IT Services, bolstering Expereo's SD–WAN network transformation and management capabilities for its multinational enterprise customers.

Videns IT Services is a network independent managed services provider delivering fully managed SD–WAN and Secure Access Service Edge (SASE).

The acquisition illustrates Expereo's ambition and commitment to simplifying global networking and cloud access with flexible, agile and secure network and cloud access solutions for multinational enterprises. Acquiring Videns will strengthen Expereo's SDWAN offering with deep sector experience and know–how in leading SDWAN and SASE solutions, adding depth and breadth to its nextgen global network and cloud access solutions.

“Videns expertise is built upon SD–WAN implementations for numerous multinational as well as domestic enterprise customers. Since 2012 we never stopped investing in good partnerships and technology that enabled us to establish ourselves as one of the leaders in Managed SDWAN and SASE services," says Ruud van Straaten, Managing Director of Videns.

“Expereo's global leadership position in nextgen internet–centric managed network services is the perfect stepping stone for the Videns team to achieve global scale and presence. Joining Expereo will enable us to further invest and scale the development of class leading SDWAN and SASE solutions with our technology partners, continuing to service our customers with our best practice expertise throughout their network transformation journey," van Straaten explains.

“Videns has a rich history and early on established a market–leading position in managed SDWAN and SASE services. The Videns team, capabilities and market recognition fuels our ambition of global leadership in the nextgen SDWAN and SASE market, guiding our enterprise clients through their network transformation challenges and delivering on superior, agile, cost effective cloud access and global network solutions," explains Expereo CEO, Irwin Fouwels. "Videns cuts through the hype, walks the talk, based on a wealth of experience and customer use cases; a great fit in every aspect with Expereo," adds Fouwels.

About Videns IT Services

Founded in 2012, Videns IT Services is the leading network–independent service provider of managed SD–WAN and SASE solutions. Videns is the alternative for enterprises that are looking to replace their traditional telco services with flexible, cost–effective, cloud–enabled and secure WAN services. Videns combines deep customer knowledge with specialist SD–WAN and SASE knowhow. Videns supports more than 45 multinational enterprise customers with 3.500 customer locations across 70 countries.

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About Expereo

Expereo is the leading provider of managed network solutions, including Global internet connectivity, SD–WAN, and Cloud Acceleration services. Expereo is the trusted partner of 30% of Fortune 500 companies and powers enterprise and government sites worldwide, helping to enhance every business' productivity with flexible and optimal Internet performance.

In Feb 2021, Vitruvian Partners international growth capital and buyout firm, acquired a majority stakeholding in Expereo, alongside to the leading European private equity firm Apax Partners sas, and company management.

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