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Business Wire India

Danube Properties has unveiled Greenz By Danube, its first large-scale integrated community featuring premium townhouses and villas – marking a major milestone in its expansion into master-planned developments.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260401810554/en/

 

 

 

Strategically located in Dubai International Academic City, near Dubai Silicon Oasis, Greenz sits within one of Dubai’s most promising future growth corridors. The area is home to over 100,000 residents and will benefit from the upcoming District IO, a major technology hub aligned with the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum.

 

Featuring villas and townhouses with exclusive sky gardens, Greenz By Danube’s completion is expected in 36 to 40 months with handover scheduled for Q4 2029.

 

 

Rizwan Sajan, Founder and Chairman of Danube Group, said: “Greenz by Danube sets new benchmark for premium master communities – a first-of-its-kind living experience in Dubai. Designed with low-density planning, it ensures prime location and high appreciation guarantee. With 50+ luxury amenities and fully furnished, designer-curated interiors with Dolce Vita, every detail reflects elegance and distinction. Greenz is not just a community – it is a luxury lifestyle experience of a lifetime.”

 

 

The development offers 3- and 4-bedroom townhouses, 5-bedroom semi-detached villas, and 5-bedroom twin villas, catering to both families and investors.

 

 

Connectivity is a key highlight, with Emirates Road just 2 minutes away, Sheikh Mohammed Bin Zayed Road within 6 minutes, Downtown Dubai and Burj Khalifa 20 minutes away, and Dubai International Airport reachable in 17 minutes. The upcoming Blue Line Metro is expected to further enhance accessibility and long-term value.

 

 

Focused on lifestyle and wellness, Greenz will feature 50+ amenities across five hubs, including beach-inspired spaces, sports courts, fitness and recovery zones, green areas, and family spaces.

 

 

With prices starting from AED 3.5 million and a flexible 1% monthly payment plan, Greenz presents a strong investment opportunity in a high-growth location.

 

 

About Danube Properties

 

 

Danube Properties, a subsidiary of the Danube Group founded in 1993 by Rizwan Sajan, is among the UAE’s leading private real estate developers. Known for pioneering the 1% payment plan, the company delivers fully furnished apartments complemented by over 40 lifestyle amenities, with a strong track record of quality construction and timely delivery.

 

 

Source: AETOSWire

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401810554/en/

 

Business Wire India

Global traditional TV and online video revenues are projected to exceed $1 trillion by 2030, according to new data presented by Maria Rua Aguete, Head of Media & Entertainment at Omdia, at the FED Show in Madrid. Highlighting a major structural shift in the media and entertainment industry, total revenues are forecast to grow from $775 billion in 2025 to $1.03 trillion in 2030, with growth primarily driven by digital formats, especially advertising.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260401036332/en/

 

 

 

Online video advertising will be the main growth engine, rising from $309 billion in 2025 to $540 billion in 2030, increasing its share of total revenues from 40% to 53%. Within the online advertising segment, social video platforms such as Meta, TikTok and YouTube will play a decisive role, generating approximately $400 billion in total streaming advertising revenues by 2030. This trend reflects a fundamental shift towards mobile-first, short-form, and highly personalized video experiences, where discovery algorithms and creator ecosystems are driving both engagement and monetization at scale.

 

Online video subscription and transaction revenues are projected to increase from $174 billion in 2025 to $216 billion in 2030. While this segment will continue to grow, it is entering a more mature phase, with slower growth compared to advertising-led models.

 

 

Traditional segments will continue to lose share. Linear TV advertising is expected to decline from $123 billion in 2025 to $113 billion by 2030, with its share falling from 16% to 11%. Pay TV revenues (subscriptions and transactions) will also decrease, from $169 billion to $159 billion, reflecting ongoing cord-cutting and the continued migration of audiences toward digital platforms.

 

 

“The industry is undergoing a profound transformation,” said Maria Rua Aguete. “Social video advertising is becoming the dominant force, reshaping how content is consumed and monetized. Meanwhile, traditional models such as linear TV and pay TV are in structural decline.”

 

 

As the industry approaches the $1 trillion milestone, Omdia’s analysis shows that the balance of power is shifting toward digital platforms, with advertising – led by social video – at the center of future growth.

 

 

ABOUT OMDIA

 

 

Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260401036332/en/

 

Business Wire India

• Versigent to Begin Trading on the New York Stock Exchange (NYSE) as “VGNT” Effective Today
• Executive Team to Ring NYSE Opening Bell April 1, 2026

Versigent PLC (NYSE: VGNT) today announced the completion of its separation from Aptiv PLC (NYSE: APTV) and its launch as an independent, publicly traded company. Versigent’s shares will begin trading on the New York Stock Exchange (NYSE) under the ticker symbol “VGNT” today where members of the Company’s leadership team are scheduled to ring the Opening Bell.

 

Versigent is a global leader in the design, manufacturing, and delivery of low- and high-voltage power electrical architectures. With engineering centers on four continents and manufacturing operations in more than 25 countries, Versigent combines global scale with regional responsiveness to serve customers across growing end markets.

 

“Today marks an important milestone as Versigent begins its next chapter as an independent company built on a century of leadership in advanced power distribution solution systems,” said Joseph Liotine, Chief Executive Officer of Versigent. “As demand grows for greater capability with less complexity, our unmatched combination of engineering expertise, advanced manufacturing excellence, and global scale gives us a distinct advantage. Versigent is purpose-built to amplify our customers’ urgent needs to power smarter, faster, and safer features without compromise.”

 

Versigent launches with approximately $8.8 billion of revenue, $528 million of net income and $893 million of adjusted EBITDA in 2025, supported by industry‑leading design and engineering capabilities, advanced manufacturing expertise, and a broad global production footprint.

 

Versigent enters the public markets with a cash generative business model and a strong balance sheet that supports disciplined reinvestment and shareholder returns. As an independent company, Versigent will continue to prioritize operational excellence, distinctive innovation and disciplined capital allocation aligned with long-term value creation.

 

“Versigent is well positioned to unlock greater value as we enter the public markets,” said Doug Ostermann, Chief Financial Officer of Versigent. “We launch with clear priorities and a strong financial profile, including top-line revenue growth of more than three percent and industry-leading double-digit EBITDA margins that we expect to expand by more than 200 basis points over the next three years. Our business is globally scaled, highly engineered and consistently cash-generative, with a path to $1 billion in free cash flow by 2028. Through a balanced and disciplined capital allocation strategy, we are investing thoughtfully in the business while prioritizing attractive returns for shareholders.”

 

The separation as an independent, publicly traded company was completed through the distribution, effective April 1, 2026 at 12:01 a.m., Eastern Standard Time, of all the issued and outstanding ordinary shares of Versigent to Aptiv shareholders of record as of the close of business on March 17, 2026, the record date for the distribution. Aptiv shareholders received one ordinary share of Versigent for every three shares of Aptiv common stock held. Aptiv shareholders of record will also receive cash in lieu of any fractional shares to which they would otherwise be entitled. The transaction was completed as a tax-free spin-off for both Swiss and U.S. federal income tax purposes.

 

Versigent will announce first quarter business results on May 5, 2026 with a conference call occurring at 4:15 p.m. ET., which can be accessed by visiting www.ir.versigent.com.

 

Versigent operated as part of Aptiv prior to the separation on April 1st 2026. The historical financial measures presented in this release were derived from Aptiv’s accounting records and are presented on a carve-out basis.

 

Forward-Looking Statements

This press release contains forward-looking statements that reflect, when made, Versigent’s current views with respect to current events, business plans and financial performance. Such forward-looking statements are subject to many risks, uncertainties and factors relating to Versigent’s operations and business environment, which may cause the actual results of Versigent to be materially different from any future results, express or implied, by such forward-looking statements. All statements that address future operating, financial or business performance or Versigent’s strategies or expectations are forward-looking statements. In some cases, you can identify these statements by forward-looking words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “intends,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “potential,” “outlook” or “continue,” and other comparable terminology. Factors that could cause actual results to differ materially from these forward-looking statements are discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Versigent’s information statement included in its registration statement on Form 10 filed with the Securities and Exchange Commission. New risks and uncertainties arise from time to time, and it is impossible for Versigent to predict these events or how they may affect Versigent. It should be remembered that the price of the ordinary shares and any income from them can go down as well as up. Versigent disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events and/or otherwise, except as may be required by law.

 

Use of Non-GAAP Financial Information

This press release contains information about Versigent’s financial results which are not presented in accordance with GAAP. Specifically, Adjusted EBITDA is a non-GAAP financial measure.

 

Management believes the non-GAAP financial measure used in this press release is useful to both management and investors in their analysis of the Company’s financial position, results of operations and liquidity. In particular, management believes Adjusted EBITDA is a useful measure in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and that may obscure underlying business results and trends. Management also uses the non-GAAP financial measure for internal planning and forecasting purposes.

 

The non-GAAP financial measure included in this press release is reconciled to the most directly comparable GAAP financial measure in the attached supplemental schedule at the end of this press release. Non-GAAP measures should not be considered in isolation or as a substitute for our reported results prepared in accordance with GAAP and, as calculated, may not be comparable to other similarly titled measures of other companies.

 

Adjusted EBITDA: Adjusted EBITDA is presented as a supplemental measure of the Company’s financial performance which management believes is useful to investors in assessing the Company’s ongoing financial performance that, when reconciled to the corresponding U.S. GAAP measure, provides improved comparability between periods through the exclusion of certain items that management believes are not indicative of the Company’s core operating performance and which may obscure underlying business results and trends. Our management utilizes Adjusted EBITDA in its financial decision-making process to evaluate performance of the Company and for internal reporting, planning and forecasting purposes. Adjusted EBITDA is defined as net income before depreciation and amortization (including asset impairments), interest expense, income tax (expense) benefit, other income (expense), net, equity income (loss), net of tax, restructuring, other acquisition and portfolio project costs (which includes costs incurred to integrate acquired businesses and to plan and execute product portfolio transformation actions, including business and product acquisitions and divestitures), and other special items. Not all companies use identical calculations of Adjusted EBITDA, therefore this presentation may not be comparable to other similarly titled measures of other companies.

 

Consolidated Adjusted EBITDA (Unaudited)
	Year Ended December 31,
	2025
	(in millions)
Net income attributable to Versigent	$                   528
Interest income	(3)
Income tax benefit	(6)
Net income attributable to noncontrolling interest	18
Depreciation and amortization	227
EBITDA	$                   764
Other expense, net	10
Equity income, net of tax	(13)
Restructuring	86
Separation costs	42
Other acquisition and portfolio project costs	4
Adjusted EBITDA	$                   893

Business Wire India

Seagram’s Royal Stag Packaged Drinking Water announced the launch of its new brand campaign, Live it Large. Marking a significant evolution in the brand’s journey, this campaign brings alive the fearless and expressive attitude of today’s generation — Generation Large — that strives to re-define the paths to success. Featuring an eclectic mix of icons across genres — Rohit Sharma, Jasprit Bumrah, Badshah, Sidharth Malhotra, Naga Chaitanya, and Payal Dhare, each exemplifying the fearless attitude and confident spirit of the brand’s Live It Large philosophy.

Set in the ‘Land of Large’—a vibrant celebration of modern India—the campaign film journeys across regions to showcase how every part of India Lives It Large through its own cultural lens: from the Tashan of North India to South’s vibrant blend of tech and celebration, the music of the East, and the rustic vibrance of the West. Each moment embodies the bold belief that out here, large is the only way to live. The film captures the essence of modern India through a fresh, vibrant, and culturally nuanced lens, reinforcing Royal Stag’s position as a brand that continues to inspire the nation to dream big and Live It Large.

Through these diverse regional celebrations, the campaign film brings to life the brand’s ethos —“yahan, bus large chalta hai!”— encapsulating the unstoppable energy and optimism of India’s New Generation – Generation Large, where ambition takes many forms and success is no longer defined by a single path. Royal Stag reinforces its role as a catalyst for inspiration, encouraging millions to embrace who they are, where they come from, and the dreams they choose to chase.

The campaign will be amplified through a high-impact, 360-degree rollout across TV, digital, print and OOH to ensure the campaign reaches and resonates with Generation Large.

Debasree Dasgupta, Chief Marketing Officer, Pernod Ricard India, shared, “Royal Stag has always celebrated the spirit of dreaming, achieving, and Living It Large. With our new campaign, we are taking this philosophy a step further— capturing the energy, passion, and cultural vibrancy of today’s Generation and embodies the ethos of this new generation, Generation Large. By bringing together six icons from different fields and regions, we’re showing that Living It Large isn’t about conforming to one definition—it’s about owning your journey. This campaign captures how every corner of India celebrates ambition through its own cultural lens. It will give further impetus to the brand’s transformational journey as it transcends from being a category leader to a cultural icon continues to inspire India to think large, dream large, and Live It Large.”

Indian cricketer Rohit Sharma, exclusively managed by RISE Worldwide, said, “Live It Large isn’t just a tagline — it’s a philosophy. It’s about stepping up when it matters, backing yourself even when the odds aren’t in your favour, and savouring every moment of the journey. This campaign resonates with me because it speaks to everyone who refuses to play small — on the field, or in life.”

Actor Sidharth Malhotra expressed his excitement about the partnership, saying: “Royal Stag is all about what I believe in, the courage to try new things and the drive to Live It Large. It’s more than a brand, it’s an attitude that celebrates passion, ambition, and pushing yourself to the next level. I’m excited to be part of a journey that inspires people to dream bigger and live bolder.”

Rapper Badshah shared, “Living large is all about owning who you are, unapologetically. Doesn’t matter where you start from—what matters is the confidence and the hustle you carry. Royal Stag stands for that same belief, and that’s why I vibe with it. Together, we’re here to celebrate individuality and push people to chase their journey, their way.”

Indian pacer Jasprit Bumrah, exclusively managed by RISE Worldwide, said, “To me, living large is about showing up fully every day — with discipline, belief through tough spells, and the joy of giving your all. Royal Stag’s Live It Large campaign reflects that mindset — it’s not just about big moments, but how you approach each one.”

Actor Naga Chaitanya reflected on the collaboration: “Royal Stag is a brand that stays rooted in culture while constantly moving forward, and that’s what makes it so relevant today. I truly connect with this philosophy, and I’m excited to be part of a brand that reflects these values and connects so meaningfully with today’s youth.”

Gamer Payal Dhare added: “Royal Stag embodies the fearless spirit that drives every passionate dreamer. For me, my passion has become my profession. I have broken barriers, challenged stereotypes and redefined success on my own terms. For me, living large is about seizing every opportunity, celebrating every milestone big or small. This is just the beginning of something extraordinary.”

Watch the film here: https://www.youtube.com/watch?v=Z4A8G6FzgSw

Business Wire India

ITC Infotech, a global leader in digital engineering and technology services, today announced a significant expansion of its innovation ecosystem with the launch of Digital & AI Experience Centers in Bengaluru and Kolkata, and a state-of-the-art AI Studio in Pune. Inaugurated by Sanjiv Puri, Chairman and Managing Director, ITC Limited and Chairman, ITC Infotech these new facilities reinforce ITC Infotech’s commitment to accelerating AI-led transformation through co-creation, engineering rigor, and industry-focused innovation.

The Digital & AI Experience Centers function as an integrated innovation network, enabling enterprises to move from experimentation to production at speed. Designed as immersive, hands-on environments, they allow clients to visualize outcomes, validate high-impact use cases, and accelerate deployment. Backed by ITC Infotech’s domain depth and engineering capabilities, the centers deliver enterprise-grade solutions across industries, including Manufacturing, Consumer Goods, Retail, Hospitality, Banking, and Insurance.

At the core of this ecosystem are ITC Infotech’s AI platforms. K-Fabrik accelerates development of GenAI and Agentic AI applications using reusable assets and core building blocks, including models, RAG pipelines, data connectors, and agent observability. OmniFabrik streamlines IT operations by unifying legacy and modern systems, delivering real-time insights, automation, and improved operational resilience—helping reduce costs and accelerate innovation at scale.

“As enterprises move from AI experimentation to enterprise-wide adoption, success will be powered by production-grade engineering and execution certainty,” said Manas Chakraborty, MD & CEO, ITC Infotech. “Our Digital & AI Experience Centers and AI Studio are designed to work in close partnership with clients—co-creating solutions that are not only innovative, but scalable, secure, and aligned to real business outcomes.”

This expansion underscores ITC Infotech’s strategic focus on enabling organizations to operationalize AI with speed, scale, and measurable impact, through a globally connected network of digital engineering and AI capabilities.

Business Wire India

• The association includes limited-edition team-inspired merchandise, reinforcing Budweiser 0.0’s fan-first approach to sport and culture.
• Builds on the brand’s “In the Hands of Fans” platform, celebrating team pride, loyalties and fan culture.

Budweiser 0.0 today announced a landmark partnership with Mumbai Indians, Gujarat Titans, Punjab Kings, Sunrisers Hyderabad, and Rajasthan Royals – five leading franchises in India’s biggest T20 cricket league. This collaboration marks Budweiser 0.0’s debut in the 19^th edition of the tournament, representing a significant step forward in the brand’s growing cricket journey in the country.

With this association, Budweiser 0.0 will engage fans across key cities, celebrating the pride, traditions, and match-day rituals that define local cricket culture. As one of the largest sporting platforms in the world, this league provides the ideal stage to deepen fan connections through the pride, loyalty and energy that fuel the tournament.

Commenting on the announcement, Vineet Sharma, Vice President, Marketing & Trade Marketing, AB InBev India, said, “Cricket is one of India’s most powerful cultural connectors, and our debut partnership with the ICC Men’s T20 World Cup 2026 reaffirmed the depth of fan passion behind it. At Budweiser 0.0, we see ourselves at the forefront of culture – acting as trendsetters for evolving fan expression, shaping how young India engages with sport, and setting the tone for how it shows up today. Entering the country’s biggest T20 cricket league, a platform widely loved by Indians, is a deliberate step in this journey – taking the brand from national fandom to the heart of city fandom. Through our partnerships with these five iconic teams, we’ll celebrate the pride, traditions, and energy that define Indian cricket fandom, while creating experiences that keep fans at the heart of the game.”

The partnership builds on Budweiser 0.0’s ongoing “In the Hands of Fans” campaign, extending its focus from a shared national moment to the city-level passion and fierce team loyalties that shape the tournament. Through these team partnerships, Budweiser 0.0 will celebrate how fans shape the identity of their teams and bring the spirit of the game to life, on and off the field. As part of its debut this season, Budweiser 0.0 will also launch limited-edition merchandise inspired by each of the five partner teams, giving fans a tangible way to express their loyalty and be part of the season.

With this move, the brand continues to strengthen its presence in Indian cricket, reinforcing its focus on fan-led storytelling and culturally relevant experiences.

Business Wire India

Boomi™, the data activation company, today announced it has been named a Leader in the IDC MarketScape: Worldwide API Management 2026 Vendor Assessment, which evaluates vendors based on their capabilities and strategies for delivering API management solutions (APIM) in an increasingly AI-driven, hybrid enterprise landscape.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260331354139/en/

 

 

 

As enterprises accelerate adoption of agentic AI and hybrid architectures, the need to govern and scale APIs across increasingly complex environments has become a strategic priority. APIs are central to enabling secure, reusable, and agent-ready access to applications and data. Boomi’s API management solution, with an enterprise-grade gateway and advanced federation capabilities, enables organizations to design, secure, and manage APIs seamlessly across distributed runtimes. Governed APIs can also be exposed as MCP-enabled tools, giving AI agents secure, governed access to enterprise capabilities.

 

Boomi was named a Leader in the IDC MarketScape for Worldwide API Management 2026 based on its capabilities and strategy in delivering API management for modern, AI-driven environments.

 

 

According to the IDC MarketScape, “Boomi’s API Management offering is tightly connected to a mature, widely adopted iPaaS, AI, and automation platform, giving customers a streamlined path to wrap integrations, orchestrations, and legacy connectivity into managed APIs without stitching together multiple vendors.”

 

 

The IDC MarketScape also noted Boomi’s “AI-centric strategy that combines platform-level AI services with API management, aiming to make APIs both the fuel and the control plane for AI workloads,” highlighting Boomi’s differentiated approach to enabling AI-driven enterprises. The IDC MarketScape further emphasized Boomi’s ability to position APIs as governed interfaces for AI agents and applications, supporting secure and scalable AI adoption.

 

 

“As organizations accelerate their shift to becoming AI-driven enterprises, API management has become a strategic foundation for securely connecting applications, data, and AI workflows,” said Steve Lucas, Chairman and CEO at Boomi. We see our recognition as a Leader in the IDC MarketScape for API Management as validation of our continued innovation and commitment to delivering a unified platform for data activation, including APIM. By enabling enterprises to govern their APIs as the control plane for AI, alongside integration and data, we are helping customers worldwide move faster, operate smarter, and innovate at scale.”

 

 

Over the past year, Boomi has accelerated innovation in API management to help enterprises address API sprawl, strengthen governance, and prepare for AI-driven architectures. Key advancements include:

 

 

• Enterprise API Management and Federation – Boomi’s comprehensive API management solution unifies governance across first- and third-party gateways, enabling organizations to discover, manage, and monitor APIs without disrupting existing runtime environments.
   
• Enhanced Governance and Policy Enforcement – Advanced governance capabilities help organizations eliminate shadow APIs, enforce security and compliance policies, and improve API quality and reusability across the enterprise.
   
• API Lifecycle Management – End-to-end lifecycle management accelerates API design and documentation through AI-driven experiences, enabling organizations to drive adoption of API products and deliver business value through easy onboarding, consumption and performance tracking.
   
• APIs for AI and Agent-Ready Architectures – With Boomi, APIs are transformed into secure, governed, and MCP-enabled interfaces for AI agents, enabling organizations to safely operationalize AI and orchestrate agentic workflows at scale.

 

With more than 30,000 customers globally, Boomi is a trusted partner to enterprises across industries, including Post Consumer Brands, New Relic, A.R.M Holding, Chartered Accountants Australia and New Zealand, and California State University (CSU), helping organizations connect, govern, and activate data and APIs at scale.

 

View the 2026 IDC MarketScape for API Management here.

 

 

Additional Resources

 

 

• See why Boomi was recognized as a Leader in the IDC MarketScape for APIM here
• Learn more about the Boomi Enterprise Platform
• Follow Boomi on X, LinkedIn, Facebook, and YouTube

 

About IDC MarketScape

 

The IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

 

 

About Boomi

 

 

Boomi, the data activation company, brings data to life by integrating and governing it to power everything from AI to BI. The Boomi Enterprise Platform puts data in motion, uniting data readiness, integration and automation, and agent management in one comprehensive solution. Trusted by more than 30,000 customers and supported by a global network of 800+ partners, Boomi is driving agentic transformation — helping organizations of all sizes move faster, operate smarter, and innovate at scale. Discover more at boomi.com.

 

 

© 2026 Boomi, LP. Boomi, the ‘B’ logo, and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners.

 

 

IDC MarketScape: Worldwide API Management 2026 Vendor Assessment, Doc #US52034025, March 2026

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331354139/en/

 

Business Wire India

Convera, a global leader in commercial payments, today announced a new strategic collaboration with Ripple, a leading provider of blockchain-based enterprise solutions across traditional and digital finance, to offer crypto-enabled payment and treasury solutions for businesses.

 

“With the growing presence and use of digital currencies such as crypto and stablecoins, Convera has maintained a thoughtful approach by listening to what our customers want while watching this space continue to mature. We knew we needed a trusted, visionary partner that can help us meet our customers where they are in their journey,” said Patrick Gauthier, CEO, Convera. “Ripple is a clear leader in the crypto space and a natural fit for Convera. We look forward to continued success and growth as we roll out these capabilities to customers near and far.”

 

 

Convera’s partnership with Ripple brings together two industry leaders to enhance global payments through stablecoin and blockchain infrastructure. By combining Convera’s trusted global network, FX expertise, and customer experience with Ripple’s liquidity, settlement, and digital asset capabilities, the collaboration enables faster, more reliable cross‑border payments – particularly in corridors where traditional options are limited.

 

 

This partnership builds on the “stablecoin sandwich” settlement model, where payments begin and end in fiat while leveraging regulated stablecoins for settlement in between. Convera orchestrates the end-to-end payment experience, while Ripple provides the underlying infrastructure for liquidity, on/off-ramping, and cross-border settlement.

 

 

“Enterprises are increasingly looking for faster, more flexible ways to move money globally without taking on the complexity of digital assets directly,” said Aaron Slettehaugh, SVP of Product at Ripple. “By partnering with Convera, we’re combining a trusted global payment infrastructure with stablecoin-powered settlement to give businesses more control over how and when they move value across borders.”

 

 

Attend Convera’s speaking session at Fintech Meetup titled, “How Do You Move Fast with New Payments Rails Without Breaking Things — Or Compliance?”, held at Mandalay Bay in Las Vegas, on Wednesday, April 1^st, at 1:05 pm PT.

 

 

Sign up to receive Convera’s upcoming Payments 2026+: Liquidity in Motion Report, which outlines how accelerating regulatory deadlines, real-time payment innovation, and the emergence of multi rail ecosystems are redefining global currency management.

 

 

To learn more about Ripple’s payments, custody and stablecoin solutions, visit https://ripple.com.

 

 

Additional Resources

 

 

• Learn how Convera makes smart money moves
• Follow Convera on LinkedIn and Instagram
• Sign up to attend a Convera Live roadshows
• Tune in to the Converge Podcast as we shape the future of finance
• Read Convera’s blog for the latest market insights and FX news
• Look out for Convera at other upcoming industry shows

 

About Convera

 

Convera is a global leader in commercial payments. With an unrivaled regulatory footprint and a financial network spanning more than 140 currencies and 200 countries and territories, Convera is reimagining the future of business payments. We combine tech-led payment solutions with deep expertise in foreign exchange, risk management, and compliance. From small businesses to CFOs and treasurers, we’re helping our customers grow with confidence. Convera makes business payments simple, smart, and secure.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331576971/en/

 

Business Wire India

Ducon Technologies (“Ducon”), a global leader in material handling and environmental solutions, today announced a positive outlook for its alumina handling projects business segment, driven by strong global and domestic industry fundamentals.

 

The alumina industry is poised for sustained growth, with global consumption projected to reach approximately 162 million tons by 2035. This expansion is being fueled by rising demand for lightweight aluminum in automotive and aerospace applications, as well as accelerating demand for high-purity alumina, a critical material used in electronics, LEDs, and lithium-ion batteries.

 

 

Recent geopolitical developments have also underscored the strategic importance of resilient supply chains. Iranian missile and drone strike on major aluminum facilities in Bahrain and the United Arab Emirates —including Aluminium Bahrain (Alba) and an Emirates Global Aluminium (EGA) —have raised concerns over potential disruptions to global aluminum supply. These events are expected to accelerate investments in capacity expansion and infrastructure diversification across other regions, including India.

 

 

India is rapidly emerging as a significant global player in the alumina sector, supported by ongoing capacity expansions and substantial investments in refining infrastructure to process domestic bauxite resources. This structural shift is expected to generate increased demand for advanced material handling, storage, and transportation systems—areas where Ducon has deep expertise and a long-standing track record.

 

 

With roots dating back to the 1960s, Ducon has established itself as a trusted supplier of engineered material handling systems for alumina, fly ash, coal, pet coke, and other bulk materials. The company has delivered numerous installations worldwide, covering complete solutions for alumina handling, storage, and transportation.

 

 

In India, Ducon has successfully executed and commissioned several key alumina-related projects for leading industry players, including:

 

 

• Utkal Alumina International Limited, Rayagada – Alumina Handling & Wagon Loading System
• Hindalco Industries Ltd. (Mahan Aluminium Project, Singrauli, Madhya Pradesh) – Bath Recycling System and Alumina Unloading & Transport System
• Hindalco Industries Ltd. (Aditya Aluminium Project, Sambalpur, Odisha) – Bath Recycling System and Alumina Unloading & Transport System
• Vedanta Limited, Lanjigarh Refinery – Alumina Handling System
• National Aluminum Company Limited (NALCO), Damanjodi & Vizag Port – Alumina Handling System & Wagon Loading System

 

Commenting on the outlook, Aron Govil, CEO of the company said, “We are witnessing a strong pipeline of opportunities in the alumina sector, both in India and globally. Our decades of experience, proven execution capabilities, and installed base with marquee clients position us well to capitalize on the next phase of growth in this segment.”

 

Ducon remains committed to delivering high-efficiency, reliable, and environmentally sustainable material handling solutions to support the evolving needs of the global alumina and aluminum industries.

 

 

About Ducon Group

 

 

Ducon is a global technology, engineering and construction company specializing in material handling systems and environmental control technologies. With decades of experience and installations across multiple industries, Ducon provides innovative solutions that enhance operational efficiency and sustainability for its clients worldwide.

 

 

Forward-Looking Statements

 

 

This release contains forward-looking statements, including expectations regarding technology development, market adoption, project pipeline, and financial impacts. Actual results may differ due to factors beyond the Company’s control. Ducon undertakes no obligation to update forward-looking statements except as required by law.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331925385/en/

 

Business Wire India

Rimini Street, Inc. (Nasdaq: RMNI), the Software Support and Agentic AI ERP Company™, and the leading third-party support provider for Oracle, SAP and VMware software, today announced that Lotte Rental, South Korea’s leading car rental company, has selected Rimini Street to provide support for its Oracle and SAP systems.

 

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260331863399/en/

 

 

 

A leader in the rental industry for over 40 years, Lotte Rental operates 300 branches across Korea and subsidiaries in Thailand and Vietnam and offers car sharing and used car sales. To drive its vision of accelerating growth and staying ahead in the mobility industry, the company has restructured its IT systems and invested in next-generation technology to power innovation and support its strategic expansion plans.

 

Cost Savings and System Stability Fuel Innovation

 

 

Lotte Rental is leading a company-wide cost-optimization initiative to identify and eliminate factors impacting profitability. By selecting Rimini Support™ for its mission-critical SAP and Oracle systems, Lotte Rental benefits from savings of over 50% total annual support fees and expert support from a dedicated Primary Support Engineer backed by a global team of highly experienced ERP experts and engineers. The efficiencies and savings realized by partnering with Rimini Street enable Lotte Rental to reinvest in strategic priorities and advance both top and bottom-line growth.

 

 

“Ensuring that our foundational enterprise systems are secure, flexible and primed for innovation is essential to achieving our vision to lead the mobility industry,” said Changgeun Park, head of IT, Lotte Rental. “Our partnership with Rimini Street provides us with a level of savings and quality of service unmatched in the industry.”

 

 

With the support of Rimini Street, Lotte Rental no longer experiences gaps in support needs or feels vendor pressure to take on costly, disruptive upgrades just to remain fully supported. Its systems are now stable, secure and ready for immediate innovation leveraging a composable ERP strategy.

 

 

Initially signed for a one-year Rimini Support™ for Oracle contract in 2024, Lotte Rental extended the partnership for an additional 3 years and signed a 3-year support contract for its SAP systems – a testament to the service Rimini Street provided.

 

 

“Our growing partnership with Rimini Street reflects a shared commitment to advancing Lotte Rental’s capabilities and growth, empowering our ability to deliver greater value and innovation in an ever-changing consumer market,” said Park. “In this highly competitive environment, speed to market is critical, and Rimini Street helps us realize our vision to remain South Korea’s number one car rental brand – and beyond.”

 

 

A Partnership Built on Results

 

 

With the savings achieved, Lotte Rental is investing in AI, ESG mobility services and cloud capabilities. The company has rolled out robotic process automation (RPA), improved SAP ERP interfaces and brought marketing, logistics, finance and HR together on one platform. These initiatives are expected to save over 100,000 work hours in five years and help boost productivity and employee satisfaction.

 

 

“Lotte Rental’s vision to advance the mobility industry relies on a strategy rooted in stability, agility and innovation around core systems,” said Kevin Kim, GVP and regional general manager, Rimini Street Korea. “With Rimini Street, Lotte Rental has a roadmap that allows for immediate investment in AI-driven initiatives, digital transformation and operational excellence, strengthening its competitive position in the industry.”

 

 

Learn how Rimini Support™ is helping IT leaders achieve their growth and profitability goals.

 

 

About Rimini Street, Inc.

 

 

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a proven, trusted global provider of end-to-end, mission-critical enterprise software support, managed services and innovative Agentic AI ERP solutions, and is the leading third-party support provider for Oracle, SAP and VMware software. The Company has signed thousands of IT service contracts with Fortune Global 100, Fortune 500, midmarket, public sector and government organizations who have leveraged the Rimini Smart Path™ methodology to achieve better operational outcomes, billions of US dollars in savings and fund AI and other innovation.

 

 

To learn more, please visit www.riministreet.com, and connect with Rimini Street on X, Facebook, Instagram, and LinkedIn.

 

 

Forward-Looking Statements

 

 

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “assume,” “believe,” “budget,” “continue,” “could,” “currently,” “estimate,” “expect,” “forecast,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “goal,” “potential,” “predict,” “project,” “reflect,” “results,” “seem,” “seek,” “should,” “will,” “would” and other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to our ability to attract new clients or retain and/or sell additional products or services to existing clients; our ability to achieve and maintain an adequate rate of revenue growth; cost of revenue, including changes in costs associated with our efforts to grow and the results of any efforts to manage costs to align with current revenue expectations and the expansion of our offerings; the effects of increased intense competition in our industry and our ability to compete effectively; our ability to successfully educate the market regarding the advantages of our support and managed services for enterprise resource planning (ERP) software and to sell the products and services comprising our “Rimini Smart Path™” solutions portfolio, including but not limited to our Agentic AI ERP solutions; our intentions with respect to our pricing model and expectations of client savings relative to use of other providers; the evolution of the ERP software management and support landscape facing our clients and prospects; estimates of our total addressable market; the effects of seasonal trends on our results of operations, including the contract renewal cycles for vendor-supplied software support and managed services; the effects of the efforts of enterprise software vendors to sell upgrades or migrations to cloud-based versions of their enterprise software on our results of operations; our ability to scale our operations quickly enough to meet our clients’ changing needs or decrease our costs adequately in response to changing client demand; risks arising from incorporating artificial intelligence (“AI”) technologies into our products or services or any deficiencies associated with AI technologies used by us or by our third-party vendors and service providers; our ability to maintain, protect, and enhance our brand; the continuing impact of and our ability to comply with the terms of our July 2025 settlement agreement with Oracle; our wind down of support services for Oracle PeopleSoft software products and the impact on future period revenue and costs incurred related to these efforts; the loss of one or more members of our management team and our ability to attract and retain additional qualified technical, sales and marketing personnel; our ability to expand our marketing and sales capabilities; our ability to avoid interruptions to, or degraded performance of, our services and the impact of any such interruptions or performance problems on our operations; our ability to defend against cybersecurity threats and to comply with data protection and privacy regulations; our expectations regarding new product offerings, innovation solutions, partnerships and alliance programs and our ability to develop and maintain strategic partnerships; our ability to expand internationally and the risks associated with global operations; the impact of macro-economic trends, including inflation and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; our ability to generate significant capital through our operations or to raise additional capital necessary to fund and expand our operations and invest in new services and products; our business plan and our ability to effectively secure and manage our growth and associated investments; risks relating to retention rates, including our ability to accurately forecast retention rates; our ability to protect our intellectual property; our ability to maintain an effective system of internal control over financial reporting; changes in laws or regulations, including tax laws or unfavorable outcomes of tax positions we take; tariff costs, including those imposed by the United States government and the potential for retaliatory trade measures by affected countries; our ability to realize benefits from our net operating losses; any negative impact of environmental, social and governance (“ESG”) matters on our reputation or business and the exposure of our business to additional costs or risks from our reporting on such matters; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the volatility of our stock price; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; our ability to maintain our good standing with the United States government and international governments and capture new contracts with governmental entities/agencies; the occurrence of catastrophic events that may disrupt our business or that of our current and prospective clients; future acquisitions of, or investments in, complementary companies, products, subscriptions or technologies; and those discussed under the heading “Risk Factors” in Rimini Street’s Annual Report on Form 10-K filed on February 19, 2026, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the U.S. Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

 

 

© 2026 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

 

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20260331863399/en/