Tag Strengthen

Chennai, November 21: BCT Digital, a global regulatory technology company, today announced that a prominent mid-segment Private Bank has selected its rt360 Early Warning System (EWS) to automate and strengthen bank’s credit monitoring capabilities.

With rt360 EWS, the bank, with a century-old legacy, will be able to improve its credit monitoring capabilities through state of art capabilities. These include regulatory and custom alerts, tailored scoring models for Retail, Agriculture, and MSME portfolios, and enhanced last-mile delivery mechanisms such as workflows, SMS/Email alerts, reports, and dashboards. The platform will also provide a consolidated view of risks, helping the bank proactively address non-compliance issues and manage credit risk more effectively across its diverse portfolio. rt360 EWS monitors assets worth USD 300 bn, resulting in savings of USD 3 bn that would have otherwise led to NPAs.

Jaya Vaidhyanathan, CEO of BCT Digital, commented, “At BCT Digital, we believe that effective credit monitoring is at the heart of sound risk management, and we are proud to bring our rt360 EWS solution to one of India’s most respected banks. By providing customizable alerts, dynamic scoring models, and a consolidated view of risk, this collaboration will help the bank streamline its processes and respond swiftly to emerging risks. Our product equips financial institutions to navigate regulatory challenges with confidence while making data-driven decisions that drive long-term sustainability.”

India, November 05, 2024: Marut Dronetech Pvt Ltd, a leading drone technology company with DGCA certification for manufacturing and training has raised  in Series A funding from Lok Capital. Marut Drones is at the forefront of innovation in drone technology and is building a robust ecosystem to promote drone adoption across various sectors in India. Lok Capital’s investment in Marut Drones reaffirms its commitment to backing innovative tech-enabled food and agriculture business models. The impact of Marut’s initiatives extends far beyond individuals, the proactive approach will translate into heightened economic activity in tier 2 and 3 cities, fostering entrepreneurship and financial independence for rural communities at the grassroots level.

Marut Drones plans to allocate funds towards several key initiatives, including the development of advanced agricultural drones tailored to customer needs, expanding its channel partner network and service centers into Tier 2-3 cities to better serve rural customers, and establishing drone agriculture service hubs to offer Drone-as-a-Service with a partnership approach. The company also aims to recruit professionals across all verticals, foster drone entrepreneurship, launch 17 new drone academies to train skilled professionals and enhance its research and development efforts in partnership with leading institutions in India to create advanced applications like direct seeding and crop monitoring.

Hari Krishnan, Director of Lok Capital expressed his enthusiasm for this transformative investment, stating, “We’re excited to partner with the team at Marut to bring solutions to farmers and the broader rural economy. Drones for agriculture are a novel technology that can secure the health of crops, while also saving water, preserving soil health, avoiding exposure to chemicals, increase yield to farmers and providing income to village-level entrepreneurs. Our investment in the company will support market expansion, new technology innovations, and indigenous manufacturing efforts.”

Prem Kumar Vislawath, CEO and Co-Founder, Marut Drones said, ‘We are excited about this fund raise and bringing on-board like-minded investors. This significant investment reinforces Marut Drones’ commitment to empower Indian farmers and develop applications for aggregating drone-based services for institutions across sectors. The fresh capital will also allow us to make investments in building our team, increasing our manufacturing capacity to 3000 drones per annum, and marketing to continue scaling at a rapid pace to reach a revenue target of 1000 cr in the next five years.”

Founded in 2019 by Prem Kumar Vislawath, Suraj Peddi and Sai Kumar Chinthala, Marut Drones has a goal of establishing a pan-India presence, thus positioning the company to play a pivotal role in modernizing agriculture across diverse geographies. While agriculture will remain a priority, Marut Drones is also exploring disaster management and surveillance applications, reinforcing its role as a comprehensive drone technology provider. Marut is committed to creating rural employment opportunities for tier 2 and 3 cities, contributing to enhanced productivity and reduced input costs for farmers. The company has grown to over 200 team members and has a fleet of 750 drones and over 1000 drone pilots across 14 states in India. Marut’s AG365H India’s first DGCA Type Certified medium category multi-utility agricultural and fish feeding drone was recently inaugurated by Chief Minister of Andhra Pradesh and Minister of Civil Aviation of India. Marut Drones is inviting partnerships from enterprising individuals, agri entrepreneurs, large agri input companies, agri equipment manufacturers, agri retailers/ dealers/ distributors for all its business activities – drone sales, drone service and drone training, to join in its journey in creating a revolution in the Indian agri industry.

October 22, 2024, Bangalore – Kramer, a leading provider of advanced audio-visual solutions, is pleased to announce the acquisition of ZeeVee Inc., a pioneer in AVoIP (Audio-Video over Internet Protocol). This strategic move aligns with Kramer’s commitment to invest in AVoIP and position the company at the forefront of technological advancements in this domain.

Enhancing AVoIP Leadership and AV/IT Convergence

The acquisition of ZeeVee underscores Kramer’s dedication to the AVoIP market and enhancing its product portfolio in this domain. ZeeVee, a founding member of the SDVoE Alliance, brings advanced technologies and expertise that will enable Kramer to offer a wider portfolio and accelerate growth and innovation. ZeeVee has been at the forefront of IT and AV convergence, leading the industry with innovative solutions and a forward-thinking approach.

Driving Innovation Through Growth Synergies

With this acquisition, Kramer will significantly expand its AVoIP portfolio, accelerating growth and innovation. ZeeVee’s offering perfectly complements Kramer’s existing AVoIP solutions, enabling us to provide a complete and integrated solution for our customers. As a founding member of the SDVoE Alliance, ZeeVee brings deep expertise and a proven track record in 10Gbps technology, facilitating large-scale and complex deployments. Their medical-grade and certified product line will expand Kramer’s market reach and complement other Kramer solutions in this domain. By combining Kramer’s portfolios, we can offer a broader range of solutions, enhancing our customer experience and opportunities. The merger also combines ZeeVee’s on-premises AVoIP management solution with Kramer’s cloud-based offerings, such as Panta Rhei and Kramer Control, resulting in a robust ecosystem for powerful management and control solutions.

Gilad Yron, CEO of Kramer, commented: “The acquisition of ZeeVee reinforces our commitment to leading the AVoIP market. ZeeVee’s innovative solutions and industry leadership align seamlessly with our strategic vision, and together, we will drive the next wave of technological convergence. This move not only enhances our portfolio but also accelerates our growth and innovation, ensuring we continue to provide comprehensive audio-visual solutions to our customers. Additionally, both companies’ customers and partners will now benefit from access to the combined portfolio of products and services.”

ZeeVee CEO, Bob Michaels, added: “Joining forces with Kramer is a thrilling opportunity for ZeeVee. Our combined expertise and resources will accelerate the adoption of AVoIP technologies, delivering unmatched value to our customers and partners worldwide. We are excited to be part of a company that shares our vision for the future of IT and AV integration.”