Freudenberg IT (FIT) Wins IBM Top Strategic Service Provider Excellence Award

The very selective award recognizes FIT for its outstanding innovation with its new SAP HANA® on IBM Power Systems(TM) offering

Freudenberg IT (FIT), a global leader in managed IT services, is proud to announce it won IBM”s Top Strategic Service Provider Excellence Award for North America. FIT was recognized during the award presentation at the North American Global Business Partner Forum yesterday at IBM”s PartnerWorld at Think 2018 conference in Las Vegas, NV.

FIT won the award largely in part due to its innovative partnership with IBM where it built, implemented and successfully rolled out its new SAP HANA® on IBM Power Systems™ offering where FIT onboarded more than 300 of its clients in five months.

By moving SAP HANA instances from appliances to IBM Power Systems, FIT can now secure the sharing of physical servers between multiple clients. This offering helps FIT lower operational costs, shrink its data center footprint by more than 80 percent, and provision new SAP HANA instances for its clients 10 times faster than before.

‘Selling SAP HANA as an appliance model was like selling ill-fitting T-shirts,’ says Dr. Michael Missbach, global SAP architect at FIT in Europe. ‘If your client can”t quite squeeze into a medium size, the next size up is extra, extra large. By comparison, by putting SAP HANA on IBM Power Systems, we can offer our clients tailor-made tuxedos, with an elasticated waistband that can expand as the database grows.’

FIT can now provide more cost-effective SAP HANA hosting services to its clients with IBM Power Systems, supported by FIT”s hard-to-match service level agreements (SLAs) around performance and availability.

‘With IBM Power Systems, we are now running SAP HANA instances for nearly 50 clients on just nine servers, whereas before, supporting 180 SAP HANA client systems meant running 540 appliances,’ said Michael Heuberger, president and chief executive officer for FIT North America. ‘Rather than three appliances to support each client, we are running more than five clients on each IBM Power Systems server. It provides us with better flexibility, scalability, and performance when serving our clients, all at a lower total cost of ownership.’

SAP HANA enables FIT”s clients with the ability to transform their approach to reporting and decision-making. FIT worked with SAP to deploy SAP HANA using a Tailored Data Center Integration (TDI) model, enabling FIT to take advantage of its existing enterprise-class storage in the SAP HANA deployment.

For more details about FIT”s new SAP HANA on IBM Power Systems offering, read the case study at, watch the video at and visit FIT resources at

About Freudenberg IT (FIT) 

Freudenberg IT (FIT) is a global leader in managed IT services that specializes in helping companies optimize the mission-critical technology that runs their businesses, most notably SAP and Microsoft applications. From consulting to cloud hosting to solutions for digital transformation, FIT provides the managed services – and the security – smart companies need to run simple and be resilient in today”s constantly changing world. FIT is a brand of the Freudenberg Group, a global family-owned company with more than 160 years of history, employing more than 48,000 employees worldwide across North America, Europe and Asia. The Freudenberg Group is an independent private company with more than 9 billion in annual revenues. For more information, please visit


Matthew Royse
Freudenberg IT (FIT)
Regional Marketing Director, North America

Peter Schuette
Freudenberg IT (FIT)
Director, Global Marketing and Communications

MORRISVILLE, North Carolina, March 26, 2018 /PRNewswire/ —

Positive Material Identification Market Worth 2.89 Billion USD by 2023

The report ‘Positive Material Identification Market by Offering (Equipment and Services), Technique (XRF and OES), Form Factor (Portable Analyzers and Benchtop Analyzers), Industry (Chemicals, Automotive, Scrap Recycling), and Geography – Global Forecast to 2023’, published by MarketsandMarkets™, the Positive Material Identification (PMI) market is expected to reach to USD 2.89 Billion by 2023 from USD 1.99 Billion in 2018, at a CAGR of 7.79% between 2018 and 2023. The growth of this market is mainly driven by stringent safety regulations by governments and quality control requirements, declining efficiencies of aging assets and the subsequent need for operational safety, and innovative technological advancements in PMI equipment.

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Browse 70 market data Tables and 55 Figures spread through 149 Pages and in-depth TOC on Positive Material Identification Market – Global Forecast to 2023

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XRF held larger size of PMI equipment market in 2017 

The development of XRF instruments with high spatial resolution analysis capability is one of the major innovations in the XRF analyzers. These analyzers are now widely used by PMI experts, researchers, and analysts in various applications, such as metallurgy, forensics, polymers, electronics, archaeology, and environmental analysis. XRF technique is mainly based on 2 methodologies-energy-dispersive X-ray fluorescence (EDXRF) and wavelength-dispersive X-ray fluorescence (WDXRF).

PMI equipment market for portable analyzers is expected to grow at higher CAGR during forecast period 

Portable or handheld PMI equipment types are generally the XRF analyzers. These equipment types are among the widely used equipment due to their small size and lower prices than that of OES analyzers and are known to be based on the purest form of NDT technique. Alloy producers, cast houses, and scrap operations are some of the prime users for the portable PMI analyzers. Oil and gas, metals and heavy machinery, scrap and recycling, and chemicals are some of the major industries that use portable analyzers.

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PMI market for oil and gas industry held the largest share in 2017 

The oil and gas industry includes refineries, transmission pipelines, subsea pipelines, and storage tanks. PMI is an effective tool in situations when the material is received with an inappropriate or demolished component certificate, or if it is otherwise missing. It can be used to address the doubt about the composition of components of a material. PMI solutions for the oil and gas industry include material verification services with qualitative and quantitative analyses.

APAC accounted for largest share of PMI market in 2017 

China is a prominent exporter to several countries around the world; this has led to the rise in the TIC services in the country to ensure compliance of the exported materials with the international standards. Many infrastructural development projects are under construction in this region and are scheduled to be completed during the forecast period considered for this market. The demand for automobiles in this region is estimated to grow by 2023, which would result in the need to increase manufacturing of vehicles. To address this need, the companies have to perform optimally, which can be achieved by the implementation of the PMI methods.

SGS Olympus, Thermo Fisher, Bruker, Hitachi, SGS, Bureau Veritas, Intertek, TUV SUD, and Element Materials Technology are the major players included in the report with market ranking analysis. The report also covers other key players involved in this market. Tribogeincs, Torontech, Sciaps, QSX Instruments, and Xenemetrix are few other key players in the market.

Know more about the Positive Material Identification Market:

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MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies” revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the ‘Growth Engagement Model – GEM’. The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write ‘Attack, avoid and defend’ strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets”s flagship competitive intelligence and market research platform, ‘RT’ connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

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PUNE, India, March 23, 2018 /PRNewswire/ —

Kasko2go Governance is Joined by Raj Singh, High-profile Expert

Raj Singh, an Executive at Standard Life Aberdeen PLC, becomes a board member and shareholder of Kasko2go – innovative & digital collision insurance solution on demand. At Standard Life Aberdeen PLC from 2013 to January 2018 Raj Singh as a member of the executive was responsible for Risk, Conduct and Compliance, having £670 Billion AUM and 6m customers, operating in UK, Europe, North America, Asia and Australia.

Raj Singh has leveraged his vast knowledge developing strategies to manage financial, strategic, and operational risks. Year 2011 was marked by the establishment of his own advisory firm, Accredere AG, advising on risk, capital, and reinsurance issues, today he continues to be a non-Executive Board member. Prior to occupying the Group CRO positions at Swiss Re and Allianz, Raj Singh held different senior positions at Citibank during 1988-2002.

Insurance companies lose billions of dollars as fraud comprises half of all insurance claims. There are three major issues: fraud, heavy infrastructure and costliness, and equally high prices for everybody. Situation requires an innovative solution, which is now being provided by Kasko2go application.

The blockchain and AI-based Insurtech application Kasko2go is ready-to-market and is set to combat motor insurance fraud and ensure drivers” safety. GetMeIns™ technology, which is implemented in Kasko2go application, brings together AI, link, visual, and text analytics, image and signal processing, and is the most accurate anti-fraud technology ever developed.

The innovativeness of this market-ready product is brought to life by a robust team of highly professional experts, who are privileged to welcome Raj Singh on the board.

I have been involved in insurance for over 30 years. We had been practicing traditional processes for too long, as large-scale corporations and the industry in general do not easily lend themselves to changes. Introducing innovative technologies is no longer a perk for new companies: it is their prerogative. I am particularly excited to be part of this blockchain-based project as it enables car insurance offering priced on customer”s behavior and lifestyle analytics’, as noted by Raj Singh.

Today Kasko2go stands on four pillars: R-Telematika (R&D and Software Development), Kasko2go, fraud detection system development by Click-Ins Ltd. (GetMeIns™), and R-Stat (Sales and Business Operations). The Kasko2go application has been successfully tested in Eastern European countries, having 25 000 users.

From April 15 Kasko2go will become the first motor insurance application to accept payments in cryptocurrency.

ZUG, Switzerland, March 23, 2018 /PRNewswire/ —

Epsilon and WIOCC Partner to Deliver On-Demand Connectivity Between Africa and the Rest of the World

Infiny by Epsilons on-demand connectivity platform will be deployed in Johannesburg and Cape Town, giving African service providers rapid access to Cloud-centric networking and assisting international service providers in extending services into Africa 

Epsilon, a privately owned global communications service provider, has partnered with Africa”s carriers” carrier WIOCC to deploy its Infiny by Epsilon on-demand connectivity platform. The partnership provides WIOCC with on-demand connectivity to major global financial and communications hubs and extends the reach of the Infiny platform into sub-Saharan Africa for the first time. Using Infiny, customers are able to access any of Epsilon”s 90+ PoPs globally and can gain direct connectivity to world-leading Cloud and Internet Exchange providers.

The partnership supports the growing adoption of Cloud-based applications and services across the African continent, enabling service providers to quickly and seamlessly establish connectivity between sub-Saharan Africa and global communications hubs and peering points.

‘WIOCC is a unique organisation and we are proud to be supporting it as it delivers on-demand connectivity across Africa. Its customers and end users will benefit from faster access to content and the Cloud as well as optimised application performance,’ said Jerzy Szlosarek, CEO at Epsilon. ‘We are serving truly global demand for on-demand connectivity. Our Global Interconnect Fabric has been developed over the last 15 years to provide consistent Quality of Service and Experience no matter where our partners are located.’

WIOCC”s unique, diversity-rich, high-redundancy network – which brings together 55,000km of terrestrial fibre in Africa and investments in more than 60,000km of international submarine cable – interconnects over 500 locations across more than 30 African countries. This infrastructure underpins WIOCC”s ability to connect its customers to key financial and commercial centres within Africa and around the world.

‘Partnering with Epsilon further expands our capabilities, offering our customers more flexibility in accessing global hubs. Epsilon”s Infiny platform makes it simple to connect and grow our presence globally and improves our customers” ability to quickly roll out new applications and services in Africa,’ said Chris Wood, CEO at WIOCC. ‘The African market wants network services that can support the Cloud, matching the speed and accessibility of other ICT solutions. Infiny helps us to deliver flexible and Cloud-centric networking to African and international customers. We see this as the first step in deploying the platform much more widely across Africa.’

Infiny enables partners to rapidly provision a suite of on-demand connectivity services via a web-based portal, APIs and iOS or Android mobile apps. It makes procuring and managing global connectivity simple with 24/7 access to services via its intuitive web portal or APIs.

Infiny users can choose from a range of services from port-to-port, port-to-Cloud, port-to-Internet Exchange, SIP Trunking and Inbound services, last mile DIA and SD-WAN services. It is supported with bespoke intelligent networking technology that enables it to offer guaranteed Quality of Service and Experience, end-to-end and around the world.

CAPACITY MIDDLE EAST, DUBAI, UAE, March 7, 2018 /PRNewswire/ —

Zomato Announces Investment From Ant Financial

Newly invested funds to help Zomato accelerate user acquisition and further develop service capabilities in its core markets 

Zomato, world”s leading restaurant discovery and online food ordering platform, announced today that it has raised USD 150 million in a fresh round of funding from Ant Financial Services Group (‘Ant’ or ‘Ant Financial’), one of the world”s leading digital financial services providers. As part of the transaction, Ant is also buying USD 50 million worth of shares from Info Edge taking the total investment from Ant in Zomato to USD 200 million. This transaction values Zomato in excess of USD 1 billion.

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Zomato will use the investment to further strengthen its leadership position in its core markets by investing in product and technology and by offering more convenient and seamless payment options to its users in partnership with Ant and Ant”s strategic mobile wallet partners. Zomato is used by millions every day to decide where to eat in over 10,000 cities across 24 countries. By helping people discover great places around them and providing dedicated engagement and management tool for restaurants big and small, Zomato has secured its place as one of the most widely-used restaurant search and discovery mobile apps in many parts of the world, including India, Middle East, Southeast Asia and Australasia.

Deepinder Goyal, Founder and CEO of Zomato, said, ‘At Zomato, our long-term vision is better food for more people. This partnership with Ant will significantly accelerate our journey towards our vision. We believe that Ant is the right strategic partner for our business at this stage and we can gain tremendously by learning from and leveraging their global network, scale and technology.’

Ant Financial is pleased to be part of Zomato”s growth journey and hopes to contribute to its future development into a full-fledged food services platform. We plan to work closely with Zomato and share Ant”s business and technology knowhow in building lifestyle apps. Through our strategic mobile wallet partners in India and across Southeast Asia, we see immense opportunities to collaborate with Zomato to bring a much improved user experience around dining, food ordering and delivery,’ said Douglas Feagin, President of Ant Financial International.

About Zomato 

Zomato Media Private Limited (‘Zomato’) is a restaurant search and discovery platform – offering a variety of services to users including – food delivery, table reservations, subscription based dining programs, while providing in-depth information for over 1.4 million restaurants across 24 countries.

Zomato”s core content features include restaurant information such as scanned menus and photos, sourced by its massive feet-on-street team across cities it is present in globally. Users can rate and review restaurants, as well as create their own personal network of foodies for trusted recommendations.

For more updates on Zomato, please visit our website at or follow us on Twitter @Zomato .

About Ant Financial  

Ant Financial Services Group is focused on serving small and micro enterprises, as well as individuals. Ant Financial is dedicated to bringing the world more equal opportunities through building a technology-driven open ecosystem and working with other financial institutions to support the future financial needs of society. Brands under Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.

For more information on Ant Financial, please visit our website at or follow us on Twitter @AntFinancial .

For press queries, please contact:  

Akshant Goyal

Le Shen
Ant Financial

Vanessa Seow
Ant Financial

NEW DELHI, March 1, 2018 /PRNewswire/ —

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