Archives May 2026

Business Wire India

Andersen Global continues to enhance its multi-dimensional platform through a Collaboration Agreement with Graebel, a global leader in workforce mobility and managed services headquartered in the U.S. with global capabilities spanning the Americas, Europe, and Asia.

 

Founded in 1950, Graebel works with many of the world’s most recognized organizations to simplify the movement and management of talent. The company helps organizations support employees throughout the workforce journey—from internships and onboarding to domestic and international mobility and career transitions—through services that span strategic planning, departure and destination support, on-assignment assistance, repatriation, and mobility program design. Through strategic advisory and intelligent technology, Graebel enables organizations to make more informed decisions and align talent mobility with broader business and workforce strategies through data-driven insights and deep mobility and governance expertise.

 

 

“Our history as a family-owned company has shaped how we approach client relationships, but our focus remains on delivering results,” said Ron Dunlap, CEO of Graebel. “Our collaboration with Andersen Global enhances our ability to support clients with workforce mobility solutions that are efficient, responsive, and designed to address increasingly complex talent and workforce needs.”

 

 

“Workforce mobility has become a defining factor for organizations operating across borders,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Graebel’s long-standing commitment to people, combined with their experience supporting complex workforce mobility programs, complements our existing capabilities. This collaboration enhances our ability to support clients as they manage talent movement in an increasingly global and interconnected business environment.”

 

 

Andersen Global is an international association of legally separate, independent member firms comprised of tax, legal, and valuation professionals around the world. Established in 2013 by U.S. member firm Andersen Tax LLC, Andersen Global now has more than 50,000 professionals worldwide and a presence in over 1,000 locations through its member firms and collaborating firms.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519509360/en/

 

Business Wire India

NordicTrack is bringing studio-grade Pilates directly into the home with the Ultra 1 Reformer, available to order May 19 at NordicTrack.com for $US4,999. Blending luxury craftsmanship with smart technology, this consumer-focused model offers a studio‐quality Pilates experience that fits effortlessly into modern living.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260519139005/en/

 

 

 

Pilates has become a cornerstone of modern wellness, recognized for building core strength, improving flexibility, and fostering a deep mind-body connection. Recognizing this growing demand, NordicTrack’s new reformer pairs elegant design with an integrated HD touchscreen and seamless access to expert‐led classes through the iFIT platform.

 

“The Ultra 1 Reformer is the first Pilates machine that earns its place in your home. Real equipment, personalized expert instruction, and the results we are all seeking,” says Kevin Duffy, CEO of iFIT Inc.

 

 

“The Ultra 1 Reformer does something no other machine has done — it removes the intimidation and complexity that can come with reformer Pilates, creating a genuine, studio-quality experience at home that feels intuitive and immersive,” says Yvette McGaffin, Director of Product Marketing, Pilates at iFIT. “From the Smart Spine system to push-button resistance and real-time feedback, every detail was built so the only thing you’re thinking about is your workout.”

 

 

A Smarter, Safer Way to Move at Home Pulling design elements from NordicTrack’s award winning Ultra 1 Treadmill, the Ultra 1 Reformer was specifically engineered to elevate home wellness spaces. It features a warm maple finish that blends naturally into contemporary homes. To prioritize ease of use and safety, the Ultra 1 Reformer introduces several innovative design elements:

 

 

• Smart Spine™ System: This first-of-its-kind system features an enclosed spring design, eliminating exposed springs for a cleaner look and added safety, which is ideal for homes with children or pets.
• Push-Button Resistance Adjustment: Users can easily adjust spring tension with a simple press or lift of a button, eliminating the need to manually hook springs.
• Tailored Resistance: The system utilizes 3 buttons to deliver 7 distinct resistance levels ranging from 22 to 99 lbs (10-45 kg).
• Immersive HD Touchscreen: The reformer is equipped with a 24-inch (61 cm) HD touchscreen that tilts, pivots, and swivels to the left side, powered by the iFIT OS for seamless content delivery.
• Adjustable Footbar: Features 4 adjustable positions and 2 cane-shaped footbars to accommodate various movements and user sizes.

 

Connected Pilates, Anytime Powered by iFIT, members gain instant access to a growing library of 75+ reformer-specific programs and over 200 mat Pilates workouts led by expert instructors. The machine provides real-time on-screen feedback to guide resistance levels and track performance, ensuring users keep up with instructors on-screen. The Ultra 1 Reformer is available to order starting May 19 at NordicTrack.com for $4,999. Additional accessories — including a Jumpboard, Pilates Box, and Reformer Mat — are available separately.

 

About iFIT iFIT Inc. is a global leader in fitness technology, pioneering connected fitness to help people live longer, healthier lives. With a community of more than 12 million athletes around the world, iFIT delivers immersive, personalized workout experiences at-home, on the go, and in the gym. Powered by a comprehensive ecosystem of proprietary software, innovative hardware, and engaging content, the iFIT platform brings fitness to life through its portfolio of brands: NordicTrack, ProForm, Freemotion, and the iFIT app. From cardio and strength training to recovery, iFIT empowers athletes at every stage of their fitness journey. For more information, visit iFIT.com.

 

 

About NordicTrack: NordicTrack, a brand of iFIT Inc., has been a pioneer in connected home fitness for over 50 years. From treadmills and bikes to strength and Pilates, NordicTrack combines premium hardware with the iFIT platform to deliver personalized, expert-led experiences that meet members wherever they are in their fitness journey. For more information, visit NordicTrack.com.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519139005/en/

 

Business Wire India

 

• 89% of senior HR, rewards, and compensation leaders say in-house technology cannot keep pace with executive compensation demands
• 80% report increased participation in incentive schemes over the past three years
• 66% identify reliance on multiple service providers as a key barrier to maintaining accurate and consistent data

 

Managing executive compensation is a growing challenge for financial services firms, with nearly nine in 10 (89%) saying their in-house technology can’t keep pace with demand. New research by CSC, the leading provider of business administration and compliance solutions, shows that rising complexity, regulatory pressure, and expanding global participation place increasing strain on internal systems and teams.¹

 

CSC surveyed 300 senior HR, rewards, and compensation leaders across Europe, Asia Pacific, and North America working in private markets, asset management, insurance, and investment banking. The report, The Future of Reward in Financial Services: Executive Compensation in 2026, explores their responses and examines how firms adapt to increasing complexity in long-term incentive (LTI) schemes.

 

 

The research revealed that more than four in five (86%) respondents find the administration of compensation schemes is now complex, reflecting the rapid evolution and expansion of LTI structures across global organizations.

 

 

Rising participation and regulatory scrutiny are key drivers of this complexity. Four in five (80%) firms report increased participation in compensation schemes over the past three years, as organizations extend incentives beyond senior executives to support retention and reward performance. At the same time, half (50%) are preparing for 2026 transparency reviews and regulatory consultations, signaling a significant increase in compliance and reporting expectations.

 

 

“Participation in LTI schemes is widening, and expectations around fairness and transparency are increasing,” said Shane Hugill, head of Executive Compensation Services at CSC. “While that’s positive from a talent and performance perspective, it also means firms are dealing with more moving parts. Many are managing programs across multiple providers and jurisdictions, which can make it harder to keep data consistent and processes under control.”

 

 

In addition, data fragmentation now poses a significant challenge for organizations. Two-thirds (66%) of respondents cite reliance on multiple service providers as a key barrier to maintaining accurate and consistent data, while 64% point to operating across multiple regulatory environments. These challenges increase the risk of reporting errors and compliance failures. They also make it harder for firms to maintain a single, accurate view of their incentive plan data.

 

 

As a result, companies are rethinking how they manage incentive plans, with many turning to outsourcing and technology partners to improve efficiency and control. More than three-quarters (77%) of respondents say they use multiple outsourcing partners to administer compensation schemes across jurisdictions.

 

 

“As the labor market becomes increasingly competitive, firms have to think more creatively about how they reward and retain top talent,” added Jennifer Kenton, chief commercial officer at CSC. “That can make executive compensation harder to manage, and that’s why firms need a trusted partner with proven expertise in administration and execution for all incentive plans.”

 

 

CSC provides a fully outsourced, global plan administration and special purpose vehicle (SPV) solution for executive compensation and incentive plans, combining expertise in plan design, administration, and governance with a flexible, scalable delivery model. Its all-in-one technology platform, powered by Ledgy, brings plans into a single environment, enhancing visibility, efficiency, and control.

 

 

To download a copy of CSC’s The Future of Reward in Financial Services: Executive Compensation in 2026, visit https://www.cscglobal.com/service/campaigns/executive-compensation-2026-report/

 

 

About CSC

 

 

CSC is the trusted partner of choice for more than 90% of the Fortune 500®, more than 90% of the 100 Best Global Brands (Interbrand®), and more than 75% of the PEI 300. We are the world’s leading provider of global business administration and compliance solutions, specialized administration services to alternative asset managers across a range of fund strategies, transactions involving capital markets participants in both public and private markets, domain name system management, digital brand and fraud protection, and corporate tax software solutions. Founded in 1899 and headquartered in Wilmington, Delaware, USA, CSC has been privately held and professionally managed for more than 125 years. CSC has office locations and capabilities in more than 140 jurisdictions across Europe, the Americas, Asia Pacific, and the Middle East. We are a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve. We are the business behind business®. Learn more at cscglobal.com.

 

 

¹CSC, in partnership with PureProfile, surveyed 300 senior HR, rewards, and compensation leaders located in Europe, Asia Pacific, and North America working in financial services to understand their views on the increasing complexity in LTI schemes.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519804575/en/

 

₹ Crore	Standalone					Consolidated
	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25	Q4 FY26	Q3 FY26	Q4 FY25	FY26	FY25
Revenue	282	234	213	895	752	388	277	266	1,152	868
EBITDA	30	16	12	70	40	0.3	(32)	(16)	(103)	(37)
PAT	12	4	5	14	21	(54)	(68)	(62)	(274)	(110)

Business Wire India

During the 79th Cannes Film Festival, the “China Night” event and the “Chinese Cinema+” Forum, jointly hosted by China Film Producers’ Association and Beijing Wing Sight Culture and Media Co., Ltd., were grandly held on the afternoon of May 13 (local time) at the Palais Stage of the Marché du Film in Cannes, France. Centered on the theme “Intelligent Empowerment in Creation: The New Birth of Eastern Visual Storytelling,” the forum brought together leading figures from the Chinese and international film industries, including renowned directors, actors, international producers, and representatives from technology companies. Participants engaged in in-depth discussions on new pathways and opportunities for the deep integration of artificial intelligence and the film industry, while promoting exchanges and cooperation between Chinese cinema and the global film industry.

 

Distinguished Guests Gather as Chinese and International Filmmakers Celebrate the Event Together

 

 

The forum was moderated throughout by renowned host Liang Zhi. He Youlin, Consul General of the People’s Republic of China in Marseille; Qin Zhengui, Vice Director of the National Film Administration of China; Jiao Hongfen, Chairman of China Film Producers’ Association; Benoît Ginisty, Chief Representative of the International Federation of Film Producers Associations; Jia Yuan, Chairman of the Cannes China Night Organizing Committee, and other Chinese and foreign industry leaders attended the event and delivered speeches, witnessing in person the in-depth dialogue between Chinese film and the international arena.

 

 

He Youlin stated that, at a time when artificial intelligence is reshaping the global landscape, Chinese cinema is willing to work hand in hand with filmmakers around the world to embrace technological transformation while upholding the spirit of humanistic values.

 

 

Vice Director of the National Film Administration of China, Qin Zhengui noted that artificial intelligence is profoundly reshaping the ecosystem of the film industry, and that China’s film sector is embracing this transformation with an open, prudent and inclusive approach. He stated that the industry is actively exploring technologies such as AIGC-powered virtual production and intelligent filmmaking to reduce costs, improve efficiency, and expand the boundaries of creative expression. At the same time, China remains committed to a people-centered philosophy and the principle that technology should serve humanity. Emotional depth and human warmth, he emphasized, remain the soul of cinema, and AI should support creativity rather than replace it. He also highlighted the vitality and enormous potential of the Chinese film market, welcoming filmmakers from around the world to collaborate in China, share opportunities, and jointly explore new pathways for integrating technology and artistic expression.

 

 

Chief Representative of the International Federation of Film Producers Associations Benoît Ginisty emphasized that AI innovation and film creation should not be seen as opposing forces, and that copyright protection and technological development are equally important. He called for transparency and compliance in AI model training, with full respect for creators’ rights, while stressing that the essence of originality lies in human emotion and choice. Technology, he noted, should empower creativity rather than replace artistic creation. He also expressed hope that filmmakers worldwide would work together to ensure AI contributes to a healthy, fair, and sustainable film industry ecosystem.

 

 

Jia Yuan, founder of the Beijing Wing Sight Culture and Media Co., Ltd. and Chairman of the Committee of China Night, shared that since last year the company has transformed into a content-driven enterprise powered by AI technology. It has already released four self-produced historical documentaries and plans to launch more than ten AI-enabled productions this year. She stated that AI offers unique advantages in high-cost and technically demanding creative fields by reducing costs, improving efficiency, and breaking down creative barriers. At the same time, she emphasized that AI is merely a tool serving humanity, while content value remains the true core of the industry. Low-quality content, she noted, will inevitably be eliminated by the market. Chinese filmmakers, she said, should proactively embrace technological transformation and leverage AI to create high-quality productions that bring Chinese history and culture to global audiences through cinematic storytelling. Wing Sight aims to inject lasting vitality into film and television creation by combining technological innovation with strong content foundations.

 

 

Five Major AIGC Projects Unveiled as China Showcases AI Film Achievements Internationally for the First Time

 

 

The forum also featured the collective debut of several leading Chinese AIGC film and television projects, including China’s first AIGC animated film The Reunion Journey, China’s first AIGC documentary Legends of the South, and the first AIGC science-fiction film Sanxingdui. These projects highlighted China’s cutting-edge exploration in AI-generated content and virtual production technologies.

 

 

At the same time, The Yongchuan Tech Film Studio and the Bocai AI Virtual Film Base—both recognized as world-class benchmarks in AI-driven virtual production—were also presented. Demonstrating the intelligent upgrading of China’s film production infrastructure.

 

 

Embodied AI Enters Film Sets: Magic Lab Opens a New Chapter in Tech-Enabled Filmmaking

 

 

During the themed session on “Technology Empowering the Film Industry,” representatives from Magic Lab delivered a presentation exploring how embodied intelligence could become a new partner in the film industry. They outlined the potential for robots to support multiple production scenarios on film sets in the future.

 

 

Chinese and French Film Professionals Address Core Questions of the AI Era

 

 

Moderated by Liang Zhi, the roundtable discussion focused on the topic of “Creative Sovereignty in the Age of AI.” Participants included renowned director Li Shaohong, Li Lian from the Bocai AI Film Base, British film producer Sebastien Raybaud, French AI film expert Hadrien Gautrot, acclaimed director Jiang Ping, and French producer and AI filmmaker Jean Mach.

 

 

Director Li Shaohong noted that from film to digital technology and now AI, the tools have changed, but the essence of creation remains the same. AI, she said, liberates creators from physical labor, yet emotion, inspiration, and aesthetics still belong to humanity. The personal style of creators remains the soul of visual storytelling, and future production teams will place greater emphasis on “brain-oriented” creative roles such as screenwriters and directors. Citing the AI short film Hua Man Zhu as an example, she stressed the importance of localized AI training to help systems understand unique cultural aesthetics. “Technology determines the speed of progress, while love and civilization determine its direction,” she remarked, emphasizing that what truly moves audiences is always the humanity embedded within stories.

 

 

Director Jiang Ping encouraged filmmakers not to fear AI, but to actively embrace it and integrate it into the entire creative process. He argued that AI can never replace the life experience and authentic human insight rooted in real-world living, and that its output depends heavily on the quality of the material it is trained on. Regardless of how technology evolves, he said, the essence of storytelling, the original creative intention, and human emotion remain irreplaceable. Only by remaining grounded in life and staying true to artistic purpose can filmmakers truly harness AI to achieve a perfect integration of technology and art.

 

 

French AI film expert Hadrien Gautrot stated that AI possesses capabilities of combinational generation and probabilistic inference, and that its “machine creativity” derives from algorithms, training data, and the accumulated achievements of previous creators. However, he stressed that at the current stage, the true subject of artistic creation will always be human artists. To create genuinely innovative and high-quality works with the help of AI, creators must still rely on their unique aesthetic vision, artistic imagination, and value-driven expression.

 

 

Participants agreed that AI brings unprecedented opportunities and challenges to the film industry. Still, artistic purpose and humanistic care remain the heart of cinema, whatever the technology. Chinese filmmakers, they observed, are embracing technological transformation with openness and rationality while exploring new pathways for human-machine collaborative creation.

 

 

The “China Night” event and the “Chinese Cinema+” Forum successfully established an important platform for dialogue between Chinese cinema and the global film community. The event not only showcased China’s innovative achievements in AI applications and industrial upgrading within the film sector, but also conveyed the determination of Chinese filmmakers to uphold artistic integrity and promote the high-quality development of the industry. It provided both Chinese perspectives and practical models for the innovative development of the global film industry in the AI era, while further deepening international cooperation and creating opportunities for mutual success.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519757686/en/

 

Business Wire India

Key Takeaways:

• New offerings target modernization of large enterprises running mission-critical, high-transaction-volume legacy environments. As a Microsoft Azure specialized partner with five advanced specializations, including Infra & Database Migration, Grid Dynamics’ clients will receive free deployment support through the Azure Accelerate program.
• Built on the GAIN (Grid Dynamics AI-Native) Platform for SDLC, which has delivered 30%+ productivity gains in our benchmarks.
• Grid Dynamics extends its AI delivery model to Azure, drawing on extensive expertise in application migration for Fortune 1000 companies.
• In the first quarter of 2026, AI represented 29% of the company’s revenue. This was up from 25% in 2025 and was driven by deployments across industry verticals, including Technology, Financial Services, CPG, and Manufacturing.

Grid Dynamics Holdings, Inc. (Nasdaq: GDYN) (“Grid Dynamics”), a premier AI transformation partner for the Fortune 1000, today announced an AI-native modernization service offering on Microsoft Azure, powered by its GAIN Platform for SDLC. The offering targets large enterprise clients running mission-critical, high-transaction-volume legacy environments. By tackling their biggest roadblocks—technical debt and legacy licensing costs—it addresses a market segment known for larger contracts and stronger margins.

 

Microsoft reported that Azure revenue surpassed $75 billion in 2025, up 34% year-over-year, reflecting strong and accelerating enterprise migration demand. Grid Dynamics, a Microsoft Azure specialized partner with five advanced specializations, including Infra and Database Migration, is built to capture this opportunity. Through the Azure Accelerate program, Grid Dynamics clients benefit from free Microsoft deployment assistance, Azure credits, partner funding, and funded migration assessments, removing the financial and technical barriers that typically slow large-scale modernization efforts.

 

 

At the core of the offering is the GAIN Platform for SDLC: Grid Dynamics’ proprietary combination of expert human talent, AI-enabled processes and tooling, built for the scale and complexity of Fortune 1000 enterprises. This platform has been internally benchmarked to accelerate project delivery by over 30% and enables outcome-based pricing aligned directly to performance. Applied to Azure legacy modernization, it compresses migration timelines and ties Grid Dynamics pricing to outcomes, which can lead to higher delivery margins.

 

 

Grid Dynamics extends its AI delivery model to Azure, drawing on extensive expertise in application migration for Fortune 1000 companies. The GAIN Platform for SDLC includes GenAI-powered data migration automation that converts legacy SQL, pipeline orchestration, and data schemas from platforms including Teradata, Informatica, and Oracle directly to Azure-native equivalents. This reduces the manual effort that typically drives multi-year timelines and cost overruns on enterprise modernization programs.

 

 

“The introduction of our GAIN Platform for SDLC on Microsoft Azure is a pivotal moment for enterprises looking to shed technical debt and achieve cloud-native agility. By leveraging our proven AI modernization frameworks with Azure’s infrastructure, we are enabling mission-critical systems to not just migrate, but to fundamentally transform and modernize, unlocking massive innovation potential while driving down legacy costs,” said Rahul Bindlish, SVP Global Partnerships and Marketing at Grid Dynamics.

 

 

Learn more about the partnership and how Grid Dynamics enables innovative digital solutions on Microsoft Azure.

 

 

About Grid Dynamics

 

 

Grid Dynamics (Nasdaq: GDYN) is a premier AI transformation partner for the Fortune 1000. We combine deep AI expertise with proven enterprise-scale delivery to help clients identify where to invest in AI, build systems that work at scale, and capture real business value from AI deployments. A key differentiator for Grid Dynamics is our nearly two decades of technology leadership and pioneering enterprise AI expertise. Founded in 2006, Grid Dynamics is headquartered in Silicon Valley with offices across the Americas, Europe, and India.

 

 

To learn more about Grid Dynamics, please visit https://www.griddynamics.com. Follow us on LinkedIn.

 

 

Forward-Looking Statements

 

 

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that are not historical facts, and involve risks and uncertainties that could cause actual results of Grid Dynamics to differ materially from those expected and projected. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “believes,” “estimates,” “anticipates,” “expects,” “intends,” “plans,” “may,” “will,” “potential,” “projects,” “predicts,” “continue,” or “should,” or, in each case, their negative or other variations or comparable terminology. These forward-looking statements include, without limitation, quotations and statements regarding the expected benefits of our capabilities and our company’s future growth including with customers and partners.

 

 

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside Grid Dynamics’ control and are difficult to predict. Factors that may cause such differences include, but are not limited to our ability to achieve its expected benefits, as well as any factors limiting our capabilities, the benefits of our services and products, and our company’s growth strategy.

 

 

Grid Dynamics cautions that the foregoing list of factors is not exclusive. Grid Dynamics cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Grid Dynamics does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based. Further information about factors that could materially affect Grid Dynamics, including its results of operations and financial condition, is set forth under the “Risk Factors” section of Grid Dynamics’ annual report on Form 10-K filed March 5, 2026, and in other periodic filings Grid Dynamics makes with the SEC.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260519610991/en/