Net provider – Referencement Net http://www.referencement-net.org/ Sun, 02 Oct 2022 00:46:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://www.referencement-net.org/wp-content/uploads/2021/10/favicon-6-120x120.png Net provider – Referencement Net http://www.referencement-net.org/ 32 32 Superloop Acquires Smart Building Provider VostroNet | VanillaMore https://www.referencement-net.org/superloop-acquires-smart-building-provider-vostronet-vanillamore/ Fri, 30 Sep 2022 07:55:01 +0000 https://www.referencement-net.org/superloop-acquires-smart-building-provider-vostronet-vanillamore/ Super limited loop announces that it has entered into a sale and purchase agreement (SPA) to acquire VostroNet Holdings Pty Ltd, a wholesale provider of fibre-to-the-premises (FTTP) access networks and purpose-built broadband student accommodation. The acquisition consolidates and expands Superloop’s strong Managed Wi-Fi position in adjacent online broadband markets. VostroNet is an infrastructure owner and […]]]>

Super limited loop announces that it has entered into a sale and purchase agreement (SPA) to acquire VostroNet Holdings Pty Ltd, a wholesale provider of fibre-to-the-premises (FTTP) access networks and purpose-built broadband student accommodation. The acquisition consolidates and expands Superloop’s strong Managed Wi-Fi position in adjacent online broadband markets.

VostroNet is an infrastructure owner and Internet provider that provides high-speed FTTP networks and smart Wi-Fi networks for multi-unit residential buildings (MDUs) and sprawling developments served by VostroNet fiber optic networks. Major customers include UniLodge, Iglu Student Accommodation, Queensland University of Technology and Sunny Coast Council for Wi-Fi solutions and Billbergia, CBUS and Consolidated Properties for FTTP smart network infrastructure.

The combination of assets will provide a market-leading position in the provision of broadband in the tertiary student accommodation sector, providing nationwide coverage to approximately 40,000 student beds. As discussed in Superloop recent earnings call, it is encouraging to note that this market segment has now recovered to pre-COVID levels.

The acquisition represents the next step in Superloop’s strategy to grow its online smart communities division through the addition of FTTP capabilities, an installed base and a pipeline to address adjacent markets such as new developments, build-to-let, large-area and MDU markets and associated infrastructure builds. .

The consideration for the acquisition is AU [$35 million (€35.64 million)] (before customary completion adjustments), including AU [$24.5 million (€24.95 million)] in cash and AU [$10.5 million (€10.69 million)] in Superloop shares. Sellers may also be eligible for “top-up” payments (capped at AU [$15 million (€15.27 million)] in cash), subject to achieving certain take-up targets related to the sites under contract and obtaining [$2.1 million (€2.14 million)] execution synergies (expected to be achieved within 24 months of completion).

The acquisition will be financed from Superloop’s existing cash reserves. Subject to satisfaction of the conditions precedent to the sale, Superloop expects to complete the acquisition towards the end of the calendar year.

The vast majority of VostroNet’s revenue is recurring in nature with the online economy. On a pro forma basis for FY23, the acquisition will contribute approximately [$4.6 million (€4.68 million)] EBITDA (before synergies). When the price complement is fully realized (including the delivery of synergies), the resulting EBITDA multiple should be 7.5x.

Superloop Managing Director and CEO, Paul Tyler, said: “We are extremely pleased with this transaction, as in addition to strengthening our position in providing broadband services in the student housing market, it also adds capabilities in the increasing construction of rental housing and MDU markets. We welcome VostroNet employees to Superloop and look forward to deepening the relationship. »

Comment on this article below or via Twitter: @VanillaMore WHERE @jcvplus

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This Tata Sons-backed data network provider can help Bsnl’s 4g services https://www.referencement-net.org/this-tata-sons-backed-data-network-provider-can-help-bsnls-4g-services/ Fri, 30 Sep 2022 06:32:00 +0000 https://www.referencement-net.org/this-tata-sons-backed-data-network-provider-can-help-bsnls-4g-services/ mini Despite a net loss of Rs 7 crore in the April to June quarter, Tejas Networks is confident of substantial growth in the last three quarters of the financial year. To buy to sell Tejas networks to share Shares of Tejas Networks, the optical, broadband and data networking company, in which Tata Sons has […]]]>

mini

Despite a net loss of Rs 7 crore in the April to June quarter, Tejas Networks is confident of substantial growth in the last three quarters of the financial year.

wealth desk

To buy to sell Tejas networks to share

Shares of Tejas Networks, the optical, broadband and data networking company, in which Tata Sons has a majority stake, hit a 52-week high on Friday.

Reports in the Economic Times suggest that TCS and BSNL are close to finalizing a deal worth $2 billion, which could help the public telecommunications provider launch its 4G services. The report also indicates that Tejas Networks should locally manufacture the network equipment for BSNL.

CNBC TV-18 has not verified the information and cannot guarantee its authenticity.

Tata Sons acquired a 43.3% stake in Tejas Networks for Rs 1,884 crore in July last year to establish a networking equipment business ahead of the launch of 5G networks. Additionally, it will also buy an additional 26% stake through an open offer and shares worth Rs 34 crore from four senior executives of Tejas Networks.

Last night Tejas Networks announced the merger of Saankhya Labs and its subsidiary Saankhya Strategic Electronics Pvt. Ltd with itself. The company had acquired a 64.4% stake in Saankhya in July 2022. Tejas will issue 112 shares of the company for every 100 shares of Saankhya Labs held by its respective shareholders.

“This merger is expected to improve operational, organizational and financial efficiencies, help achieve economies of scale by pooling resources, generate synergies in revenues, costs and operations, and will help build a stronger foundation for the future growth of the company’s business,” the company said in an exchange filing.

Tejas Networks also won an optical network contract worth Rs 298 crore from Power Grid in August.

For the April to June period of the current financial year, Tejas Networks reported a net loss of Rs 7 crore as supply chain constraints prevented the company from shipping adequate systems. Since most of its transactions were fixed price, rising component costs also hurt the company’s gross margins.

The company won a few big government tenders in the April-June period, which the company says should turn into purchase orders in the quarter ending today. As of June 30, the company’s order book in India stood at Rs 986 crore and the international order book at Rs 172 crore.

Tejas Networks also has cash worth Rs 1,739 crore on its books which it plans to use for its organic and inorganic growth.

Shares of Tejas Networks are up nearly 60% this year, after tripling in 2021 and gaining 45% in 2020.

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Cloud Solution Provider of the Year: Numerix https://www.referencement-net.org/cloud-solution-provider-of-the-year-numerix/ Tue, 27 Sep 2022 02:00:01 +0000 https://www.referencement-net.org/cloud-solution-provider-of-the-year-numerix/ While more and more financial institutions are adopting and experimenting with risk management software as a service (SaaS), some are still struggling to leverage the benefits of the cloud. SaaS-based solutions will particularly benefit Tier 2 banks, smaller banks, large buy-side companies and insurers by allowing them to focus on their core competencies, such as […]]]>

While more and more financial institutions are adopting and experimenting with risk management software as a service (SaaS), some are still struggling to leverage the benefits of the cloud.

SaaS-based solutions will particularly benefit Tier 2 banks, smaller banks, large buy-side companies and insurers by allowing them to focus on their core competencies, such as running a product business. derivatives.

Numerix hosts Oneview, its real-time financial market risk management system, on the cloud and provides ongoing operational services to ensure the software works the way customers expect it to work every day.

Nestor Nelson, chief information officer, senior vice president at Numerix, says that one of the challenges is finding an approved and reliable SaaS solution that solves one or more particular business cases, for example, the pre- front-office trading or risk reporting in various asset classes.

Another is to find a partner who is willing and able to customize the solution to their needs. Nelson says Numerix with Oneview meets those needs. Its SaaS product offering, combined with its operational management, provides companies with the reliability they need for stable business, while meeting ever-changing business needs.

Numerix’s SaaS solutions allow companies to access highly sophisticated risk management tools such as risk analysis, XVA derivatives calculations and pricing via the cloud rather than via an on-premises system. Over the past year, Numerix has recorded a 35% growth in the use of its SaaS solutions.

While Oneview is currently positioned as a front-to-risk system used in the front and middle office, Numerix is ​​developing Oneview’s back-office functionality into a complete front-to-back system.

In line with aspirations to position Oneview as a front-to-back system, Numerix has introduced transaction lifecycle functionality so that Oneview can manage transactions throughout their lifecycle, including exercise processes over-the-counter transactions, barrier event processes, corporate actions adjustments and futures settlement. process, among others. It also added profit and loss analytics in Oneview, so customers can see their PL in a variety of sizes.

Numerix has further invested in cloud-native technologies for Oneview and NxCore Cloud, its cloud-based development environment. In the case of Oneview, Nelson says Numerix has created a cloud-native compute engine (CEC) which allows for horizontal scaling. “Wallets with hundreds of thousands of transactions can be assessed in minutes by on-the-fly computing infrastructure,” he says.

Using a serverless framework, CEC can instantiate 100,000 virtuals CPUs to distribute and execute calculations. Cost is also minimized as users only pay for what is consumed.

While many facets of Oneview take advantage of native cloud services, Numerix continues to seek other areas where it can do the same. Its recent partnership with Snowflake is an example. Nelson says the data scaling benefits of Snowflake will improve performance while reducing costs.

Our ability to erect a complete environment to the desired specifications to perform said calculations, and then dissolve everything once the request is met, reduces an incredible barrier for our customers.

Nestor Nelson, Numerix

Oneview and Numerix customers will benefit from a native cloud architecture. Some examples of customer benefits include simplicity, scalability, elasticity, performance, reliability, cost savings, and speed of deployment. At the same time, Numerix developers and implementation teams benefit in terms of architectural simplicity, auditability, speed of deployment, DevOps efficiency, operational efficiency and maintainability.

While Excel has been a staple for quants and financial engineers, scaling needs and increasing data set sizes can mean that managing these solutions can be quite laborious. NxCore Cloud provides a cloud-hosted development environment that handles infrastructure and deployment aspects for quants so they can focus on models and numbers.

According to Nelson, by leveraging the Python ecosystem along with Numerix Analytics libraries and pre-integrated data relationships, users can be up and running in minutes. “The resulting solutions can then be orchestrated through automation pipelines for large-scale delivery,” he says.

While NxCore is cloud native, over the next 12 months Numerix will add broader support for additional languages ​​beyond Python, such as C++, .REPORTand Java, including sample reference workspaces with working examples to get users started.

NxCore Cloud can also be used to create “extensions” to Oneview to provide additional custom behavior not available in the core product, Nelson adds.

Numerix is ​​also investing heavily in automating its delivery pipeline. Nelson asserts that infrastructure as code is a fundamental capability that is needed to innovate rapidly and deliver on demand to meet spontaneous business needs.

“Our customers come across scenarios where they may need to perform certain ad hoc backtesting or are asked to provide details to regulators for a particular day or period. Our ability to erect a complete environment to the desired specifications to perform said calculations, and then dissolve it once the request is met, reduces an incredible barrier for our customers,” he says.

Previously, this might require reconfiguring production or manually setting up a test environment. Now customers fill out a simple form and within hours the whole system is up and running, says Nelson. “There is no time spent in procurement to get the materials needed to meet demand,” he adds.

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No Comments from the T&T Pension Fund… | Local company https://www.referencement-net.org/no-comments-from-the-tt-pension-fund-local-company/ Sun, 25 Sep 2022 01:18:00 +0000 https://www.referencement-net.org/no-comments-from-the-tt-pension-fund-local-company/ Trinidad and Tobago’s largest and most important institutional investor, the National Insurance Board (NIB), sold or reduced its stake in Barbados-based CIBC FirstCaribbean between October 31, 2021 and September 15, 2022, Sunday Express investigations revealed.CIBC FirstCaribbean central depository records show that NIB held 7,000,000 shares of the bank as of October 31, 2021, its fiscal […]]]>
Trinidad and Tobago’s largest and most important institutional investor, the National Insurance Board (NIB), sold or reduced its stake in Barbados-based CIBC FirstCaribbean between October 31, 2021 and September 15, 2022, Sunday Express investigations revealed.
CIBC FirstCaribbean central depository records show that NIB held 7,000,000 shares of the bank as of October 31, 2021, its fiscal year-end, with T&T the bank’s fourth-largest shareholder.
NIB is not on CIBC FirstCaribbean’s list of top 20 shareholders as of September 15, 2022, which was the record date for the bank’s third quarter dividend.
This means that NIB has either sold all of its 7,000,000 shares in CIBC FirstCaribbean or sold enough shares to be removed from the bank’s top 20 shareholder list. Number 20 on CIBC FirstCaribbean’s Top 20 list as of September 15, 2022 is a company called Nicholas House Ltd, which owned 1,448,521 shares of the bank.
The Sunday Express sent four questions to an NIB spokesperson on Thursday morning asking the financial institution whether it had sold all or most of its 7,000,000 shares of CIBC FirstCaribbean. If he sold the shares, NIB was also asked why he did so. The financial institution was also asked whether it generally seeks to sell its shares in locally listed companies to raise cash.
Contacted Thursday afternoon, the spokesperson said the NIB would not comment on the questions.
Contacted for a comment with three questions, Finance Minister Brian Manning – who is leading the department’s consultations on raising the NIB’s retirement age – forwarded questions on the matter to the investment manager of the BIN. On Friday, several attempts to reach Navin Rajkumar, executive director of investments at the NIB, by telephone proved unsuccessful.
The Sunday Express also called NIB chairman Patrick Ferreira at his workplace on Friday and left messages for him. Until late last night, he hadn’t answered. As president of the NIB, Ferreira chairs the institution’s investment committee.
While the NIB was not ready to answer questions about the sale of local shares, the statutory institution’s director of business services, Feyaad Khan, told a February 9 meeting. 2022 of the Public Accounts Committee, that the NIB is not actively trading existing shares. shares in the local stock market.
Khan said this was due to “the impact on local financial markets if we were to actively engage in the sale and purchase of stocks”.
Speaking to the Public Accounts Committee, Khan said 57% of the NIB’s investment portfolio is made up of local and international equities, 28% is made up of bonds and fixed income instruments and between 10 and 12% is held in cash and cash equivalents. The NIB holds up to 12% of its investment portfolio in cash and cash equivalents to meet the institution’s ongoing liquidity needs – to pay benefits and manage its operations, Khan said.
“We hold investments in almost all (local publicly traded) companies and if we actively start selling, buying and trading these securities, you would induce a lot of volatility in the local markets, which we don’t want.”
As of June 30, 2021, NIB’s investment portfolio had total assets of $31 billion, as it was augmented by approximately $3.25 billion in realized and unrealized gains, representing an increase of 13.38% of total return, according to its 2021 annual report.
“The growth is primarily driven by the equity portion of the investment portfolio, which grew an impressive 16.7% over the period. These returns were timely as the recessive impact of Covid-19 on the local economy and the lack of recommended structural changes amplified the National Insurance System deficit for fiscal year 2021,” the annual report states.
The NIB is the institution responsible for paying the minimum retirement benefit of $3,000 per month to people who have worked and contributed to the institution.
Who buys?

While some investors are selling shares of CIBC FirstCaribbean, the bank’s lists of its top 20 shareholders as of October 31, 2021 and September 15, 2022 indicate that some investors have bought large blocks of shares.
As of October 31, an investor named Peter Wing Chuan Ayuen owned 1,830,000 CIBC FirstCaribbean shares. Over the next ten and a half months, Ayuen acquired an additional 2,034,700 shares. He now owns 3,864,700 shares of the majority Canadian-owned bank and is the only individual on the CIBC FirstCaribbean Top 20 list as of September 15, 2022.
A Google search of Ayuen reveals that he was once a top ten shareholder of Scotia Securities (Jamaica) with 1,601,000 shares as of July 31, 2015. He is in the top ten list of Scotia Securities Jamaica as of January 31 2016, with 1,734,375 shares. .
Scotiabank took the investment company private in 2018, delisting it from the Jamaican and T&T stock exchanges by offering to acquire all shares held by minority shareholders at a price of J$38 per share.
The local securities company Bourse Securities Ltd. also acquired shares of CIBC FirstCaribbean between October 31, 2021 and September 15, 2022.
As of September 15, 2022, Bourse Securities Ltd holds 3,000,000 shares and is in the top 20 of the bank. He was not in the top 20 list as of October 31, 2021.
The 3,000,000 shares held by Bourse Securities are divided into two accounts: a registered account with 1,500,000 shares of the bank and the other account in the name of the company with 1,500,000 shares.
Bourse Securities was founded in 1995 by Subhas Ramkhelawan, who returned as the company’s managing director after several years as chairman of the Trinidad and Tobago Stock Exchange. The former CEO of Methanol Holdings (Trinidad) Ltd (MHTL) is the current chairman of Bourse Securities.
The third entity to acquire a significant block of CIBC FirstCaribbean shares is Fortress Mutual Fund Ltd, the Barbados-based mutual fund company that was founded by Roger Cave in 1996.
Fortress, part of the Cave Shepherd group, owns 1,800,000 shares of CIBC FirstCaribbean as of September 15, 2022, but was not on the bank’s top 20 stock list as of October 31, 2021.

Uneven results

For the nine months ended July 31, 2022, CIBC FirstCaribbean reported net income of US$124.85 million, 37.8% higher than the US$90.58 million the company earned for the same period in 2021.
The bank’s revenue for the period from November 1, 2021 to July 31, 2022 was $432.86 million, an increase of 8.4% over the same period in 2021.
The bank’s outgoing CEO, Colette Delaney, in her comments on the financial statements, said: “Our financial results for the year to date continue to reflect a strong performance due to additional income from higher interest rates. US interest, higher activity-based fees and lower provisions for credit losses largely reflect improvements in model assumptions and credit migration.
But CIBC FirstCaribbean reported a loss of US$158.6 million in its 2020 fiscal year, due to additional provisions of US$156.9 million for credit losses and lower revenue due to lower interest rates and business activity in the United States.
CIBC FirstCaribbean also reported a loss of US$148 million in 2014, when the bank took US$115 million of additional loan loss expenses and a non-cash goodwill charge of US$116 million. .

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IT Provider Edianyun Seeks IPO With Finances Under a Cloud – Workday (NASDAQ:WDAY), Salesforce (NYSE:CRM) https://www.referencement-net.org/it-provider-edianyun-seeks-ipo-with-finances-under-a-cloud-workday-nasdaqwday-salesforce-nysecrm/ Fri, 23 Sep 2022 14:30:21 +0000 https://www.referencement-net.org/it-provider-edianyun-seeks-ipo-with-finances-under-a-cloud-workday-nasdaqwday-salesforce-nysecrm/ Key points to remember: Edianyun’s pre-listing finances have deteriorated sharply, as the company’s net loss in the first half of this year is almost equal to the total combined losses of the previous three years. The company relies on leasing computer and office equipment and is under severe capital pressure due to its […]]]>

Key points to remember:

  • Edianyun’s pre-listing finances have deteriorated sharply, as the company’s net loss in the first half of this year is almost equal to the total combined losses of the previous three years.
  • The company relies on leasing computer and office equipment and is under severe capital pressure due to its asset-intensive business model.

By Stone Shek

China’s leading IT provider Edianyun Ltd. started out selling used computers, but changed its name along the way to include the Chinese word for cloud, signaling a shift from the hardware business to services.

Despite the reference to “yun,” or cloud, the company remains primarily a provider of leased office equipment, and that asset-heavy business model casts a financial shadow over the tech provider’s new IPO bid.

Edianyun, which filed its first application for listing on the Hong Kong Stock Exchange in February this year, launched a second attempt on September 9 after its prospectus expired in August, with CICC as its sole sponsor. Meanwhile, the company also updated its financials for the first half of this year, and the numbers aren’t pleasant to read.

Edianyun is described in his latest flyer as China’s leading desktop information technology (IT) integrated solution provider for small and medium-sized enterprises (SMEs) on a subscription basis, with approximately 40,000 enterprise subscribers and approximately 1, 1 million subscription devices by the end of June this year. Frost & Sullivan’s research found it to be China’s first and largest integrated desktop computing solution provider by revenue, number of devices served and remanufacturing capacity, with market share 19.6% last year.

Originally known as “Edianzu”, Edianyun began by trading in used computers. It is a subsidiary of Beijing Ediantao Internet Technology Co. Ltd., which was incorporated in the Cayman Islands in 2015 as a limited liability company, with its co-founders Ji Pengcheng and Zhang Bin holding 60% and 40% of its shares.

Since 2014, Edianyun has completed 10 pre-investment rounds from sources including Source Code Capital, Shunwei Capital and Singapore’s sovereign wealth fund GIC, raising a total of around 1.5 billion yuan ($212 million).

Prior to the tender offer, founders Ji and Zhang held 13.9% and 9.27% ​​of the shares, while Source Code Capital, Shunwei Capital and GIC held 21.88%, 11.11% and 8 respectively. .49%. In 2018, the company adopted a weighted voting shareholding structure, giving minority shareholders disproportionate voting power. According to the structure, each common share held by Ji and Zhang is entitled to 10 votes, while the remaining common and preferred shares only get one vote per share. Accordingly, Ji and Zhang can exercise 45.06% and 30.04% of the company’s voting rights, although they are not majority shareholders.

China’s enterprise IT services market has taken off in recent years to meet the digital needs of a growing business community. The number of SMEs in China has grown from just over 30 million in 2017 to nearly 49 million in 2021, according to data cited in the prospectus, representing a compound annual growth rate (CAGR) of 12.7. %. The total is expected to reach 84 million in 2026. And IT spending by Chinese enterprises, which grew from 2.66 trillion yuan in 2017 to around 3.26 trillion yuan in 2021, is expected to reach nearly 4.35 billion yuan in 2026. , with a CAGR of 5.9%. from 2021 to 2026.

However, the largest source of income remains the rental of computer and office equipment, as evidenced by sales of integrated pay-as-you-go office solutions, which increased from around 500 million yuan in 2019, or nearly 79% of revenue, to nearly 1 billion yuan in 2021, or just over 84% of revenue. By the first half of this year, the revenue share had risen to almost 89%.

Full-year device sales ranged between 14.6% and 20.5% of revenue in the three years to 2021, falling to 10.2% in the first half of this year. Meanwhile, software as a service (SaaS) and other businesses, the segment that best exemplifies the “cloud” in the company’s name, generated only a tiny 1% to 1.6% turnover over the last three years. The figures show that the company is primarily a provider of IT equipment, not cloud services.

But Edianyu, as an equipment supplier, needs to operate in heavy active mode, to allow its customers to benefit from light active. Thus, the company alone must bear the risks of large capital needs, cash flow stress and finding itself in a situation where liabilities exceed assets.

Assets do not cover debts

According to the prospectus, Edianyun has been in the red from 2019 to June 2022. The company has managed to maintain losses between around 88 million yuan and 348 million yuan over the past three fiscal years. But the shortfall exploded in the first half of this year, with a net loss of nearly 625 million yuan for the six months, almost equal to the combined losses of the previous three years, mainly due to higher financing costs. and impairment of financial liabilities. related to the issue of preferred shares.

As it grappled with chronic losses, the company’s asset-liability ratio dipped slightly from 159% in 2019 to just over 142% last year. But it rose again to a record high of just over 163% in the first half of this year.

The Covid pandemic and slowing economic growth have hit Edianyun’s small and medium-sized business customer base, with their financial difficulties driving up the equipment maker’s trade receivables, money owed to the company by its customers. Trade receivables doubled from 160 million yuan at the end of December 2019 to 307 million yuan at the end of June this year. Payment defaults and associated impairments have worsened the company’s financial situation in recent months. Impairments jumped to 32.28 million yuan in the first half of 2022 from 5.68 million yuan a year earlier.

More importantly, Edianyun has consistently recorded negative net cash flow from operating activities over the past three years, totaling more than 660 million yuan. Although its cash flow turned positive in the first half of this year, the company only had 494 million yuan in cash and cash equivalents at the end of June. Low liquidity and a possible need for short-term funding would explain why Edianyun re-applied for a listing so soon after its first attempt failed.

According to the prospectus, Edianyun, which had issued convertible bonds to investors in August 2020, was valued at $530 million before the investment. Its price-to-sales (P/S) ratio is only 2.8 times if the 655 million yuan revenue of the first half is extrapolated to the full year, which is lower than that of its peers. such as international HR services giants. Workday Inc. WDAY, Salesforce Inc. RCMP and Kingdee International Software Group (0268.HK), with P/S ratios of 6.9 times, 5.2 times and 8.3 times respectively.

Edianyun’s apparent valuation discount may reflect the company’s troubled financial outlook. If it’s looking for a higher valuation from the IPO, the company will likely need to provide a roadmap to better times that could smooth investors’ frowns.

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AR Service Provider Flowing Cloud Eyes To Become First Metaverse-Linked Stock Listed In Hong Kong https://www.referencement-net.org/ar-service-provider-flowing-cloud-eyes-to-become-first-metaverse-linked-stock-listed-in-hong-kong/ Thu, 22 Sep 2022 14:57:18 +0000 https://www.referencement-net.org/ar-service-provider-flowing-cloud-eyes-to-become-first-metaverse-linked-stock-listed-in-hong-kong/ On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese technology company, had passed the listing hearing and would start trading on the main board of the exchange at the end of this month. The company could thus become “the first stock linked to Metaverse listed in […]]]>

On September 22, a document from the Hong Kong Stock Exchange (HKEx) showed that Flowing Cloud, a Chinese technology company, had passed the listing hearing and would start trading on the main board of the exchange at the end of this month. The company could thus become “the first stock linked to Metaverse listed in Hong Kong”.

Founded in 2008, the company transitioned from games business to AR/VR content and services in April 2017, completing the transformation in May 2019. Now, its business mainly covers AR/VR marketing services, AR/VR content and AR/VR. SaaS (software as a service).

Considering that AR/VR content and services belong to the Metaverse ecosystem, the company has started building its own Metaverse platform, called Flowing Cloud Metaverse, and will release it in the future. There is a virtual trading market that allows users to roam freely and become traders, providing access to Metaverse for businesses and individual users. The platform will link them together.

The company also provides AR/VR SaaS services. Recently, it announced a strategic cooperation agreement with short video sharing app Kuaishou. The content of the agreement includes providing convenient editing tools for Kuaishou content creators based on a SaaS platform, which is widely applicable to panoramic images and other immersive videos. Creators can create 3D models, add special effects and use other interactive features.

Flowing Cloud currently maintains relatively strong revenue growth and profitability. According to its prospectus, Feitian Yundong’s revenue was 251 million yuan ($35.5 million) in 2019, 339 million yuan in 2020, and 595 million yuan in 2021. During the period, net profit was of 42 million yuan, 60 million yuan and 72 million yuan. million yuan respectively. In the first quarter of 2022, its revenue increased by 64.75%, from 139 million yuan in the same period of 2021 to 229 million yuan; Net profit rose 315.78% from about 9.19 million yuan in the same period of 2021 to 38.21 million yuan.

SEE ALSO: Inkeverse launches social metaverse product aimed at Gen Z

The net proceeds from this IPO will be primarily for building R&D capabilities and improving technical infrastructure. The company will strengthen its sales and marketing functions, foster potential mergers, acquisitions and strategic investments, and expand the aforementioned Metaverse platform. In addition, the funds will be added to working capital and general business needs.

Investments and funding in the field of the Metaverse are in full swing. According to the Metaverse Investment and Funding Data Report released by Chinese market research company 100EC in July this year, the amount of funding for Metaverse in China reached 5.46 billion yuan. In China, there are 160,000 digital human enterprises and more than 20 provincial governments involved in building the metaverse. Dora Liu, Deputy Managing Director and Director of Quality and Transformation at Deloitte China, pointed out that in 2030, China’s metaverse market will reach 40 trillion yuan, which will account for 20% of the country’s GDP, and that electronics and wearables in the metaverse will be worth $100 billion.

Major domestic companies are also accelerating the layout of Metaverse. In June this year, Tencent reportedly established an “XR-ExtendedReality” department, tasked with building an extended reality business including software and hardware for Tencent. and will be part of the company’s Interactive Entertainment Group (IEG). Additionally, in September 2021, Alibaba launched AYAYI, a digital manager, and in March 2022 led the investment in Nreal, a Chinese mixed reality (MR) technology startup. BaiduByteDance and NetEase have also invested in this area.

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Iranian officials linked to Canada-based free VPN provider https://www.referencement-net.org/iranian-officials-linked-to-canada-based-free-vpn-provider/ Tue, 20 Sep 2022 10:47:12 +0000 https://www.referencement-net.org/iranian-officials-linked-to-canada-based-free-vpn-provider/ Edit: A spokesperson for Aura, the parent company of Betternet, contacted the publisher after this story was published saying, “Contrary to recent media reports, there are currently no, and there are no There has never been an employee named Hamid Rezazadeh at BetterNet or The Pango Group.” On September 16, Pango Group also released an […]]]>

Edit: A spokesperson for Aura, the parent company of Betternet, contacted the publisher after this story was published saying, “Contrary to recent media reports, there are currently no, and there are no There has never been an employee named Hamid Rezazadeh at BetterNet or The Pango Group.”

On September 16, Pango Group also released an official statement denying Rezazadeh’s involvement with the company. “Hamid Rezazadeh does not work for Betternet. The company he founded was acquired in 2016 and he has had no affiliation with the company or its technology since. He has never been employed by Pango Group. “

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CrowdStrike Launches Service Provider Program https://www.referencement-net.org/crowdstrike-launches-service-provider-program/ Mon, 19 Sep 2022 12:00:00 +0000 https://www.referencement-net.org/crowdstrike-launches-service-provider-program/ Jon Fox (CrowdStrike) Credit: ARN CrowdStrike has launched a new service provider program to help partners increase their value-added bundles. Known as the CrowdStrike Powered Service Provider Program (CPSP), the program focuses on the Falcon platform, which enables partners to deliver solutions spanning endpoint security and extended detection and response (XDR), cloud security, identity protection, […]]]>

Jon Fox (CrowdStrike)

Credit: ARN

CrowdStrike has launched a new service provider program to help partners increase their value-added bundles.

Known as the CrowdStrike Powered Service Provider Program (CPSP), the program focuses on the Falcon platform, which enables partners to deliver solutions spanning endpoint security and extended detection and response (XDR), cloud security, identity protection, data protection, threat management hunting, IT security and operations, threat intelligence and log management.

With the launch of CPSP, the cybersecurity vendor will offer partners the ability to achieve a new Elite tier, which incentivizes CPSP partners with expanded campaigns, capabilities and market opportunities.

The Elite level is currently open to invite-only partners, including global companies such as Deloitte and eSentire.

“We wanted to ensure that service providers were getting added value when introducing the CrowdStrike Powered Service Provider program,” said Michael Rogers, vice president, global alliances at CrowdStrike.

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Six things to consider when choosing your cell phone provider https://www.referencement-net.org/six-things-to-consider-when-choosing-your-cell-phone-provider/ Fri, 16 Sep 2022 14:24:00 +0000 https://www.referencement-net.org/six-things-to-consider-when-choosing-your-cell-phone-provider/ You’ve already chosen between an iPhone and an Android phone, picked your favorite phone case, and downloaded your favorite apps. Unfortunately, choosing a cell phone provider can be a much more impactful and difficult choice. There are a plethora of mobile plans to choose from. Verizon, AT&T and T-Mobile are known as the big three […]]]>

You’ve already chosen between an iPhone and an Android phone, picked your favorite phone case, and downloaded your favorite apps. Unfortunately, choosing a cell phone provider can be a much more impactful and difficult choice.

There are a plethora of mobile plans to choose from. Verizon, AT&T and T-Mobile are known as the big three cellphone providers in the United States. These brands have partnerships with some big streaming services like Netflix and Hulu, offering promising discounts on episodes of your favorite TV shows.

Brands that are not part of the big three, however, are not to be overlooked. Brands like RedPocket and MetroPCS may be more profitable precisely because they don’t offer the bundles and added benefits of other providers. The best cell phone companies aren’t always about the newest features, discounts, and gadgets.

If you live in a unique geographic location, you may need to find a cell phone provider that prioritizes customers who live in remote areas. Alternatively, if you live and work in a busy city, you can choose a provider that prioritizes fast internet speeds and consistent connectivity.

Before you start researching the best cell phone providers, take a minute to figure out which aspects of your phone service are most important to you. Do you need constant high-speed Internet access for family members who work or study from home?

Do you want a company that simply offers great customer service and helps you resolve connectivity issues as soon as they arise? Your answers to these questions will help you determine which cell phone provider is right for you.

1. Customer service

When choosing a phone provider, it’s important to remember that you’re working with a company like any other. Customer service is an often overlooked – yet essential – part of the cell phone buying process. Your cell phone is a key part of your workday and after-work entertainment, so you want to make sure the cell phone company you choose is one you trust to fix potential errors.

Friendly policies and enthusiastic customer service representatives are good indicators of good customer service. You may also feel more comfortable choosing a reputable phone provider that has been recommended by friends or family.

2. Data coverage

If you travel often, you’ll want to make sure your data is still usable in the countries and states you visit the most. If you live in a remote area, it’s even more important that you have access to a provider that offers connectivity in more rural areas. If you choose to buy from a smaller carrier that isn’t one of the big three, it’s important to make sure your provider of choice doesn’t just offer coverage in your area.

3. Data speed

In a world that is constantly connected through social media and news apps, 5G internet is a must for any phone operator. If you don’t plan on using social media and only want to use your phone for business calls or texts, you may not need 5G internet. But if you want to post to social media or have mobile access to news apps that update every few minutes, you’ll need at least 4G internet.

Some mobile plans only allow you to use 5G internet for a certain amount of time per month and will reduce your speeds to 1G or 2G if you exceed a certain limit. Ideally, you want a mobile plan that offers unlimited data usage as well as unlimited texting and calling, but that can quickly get expensive.

4. Family use

Are you planning to buy a phone for someone else in your family besides yourself? If you have children or a spouse, you may want to consider a family plan. With Verizon’s unlimited plan, for example, you can connect all your devices, including tablets and smartwatches. If you have younger members of your family who don’t yet own their own phones, you might consider investing in a mobile plan for a tablet.

5. Cost

Cost is one of the most important factors for most families and individuals choosing between mobile plans and phone providers. You can choose to purchase a phone upfront with a one-time payment or pay for it in monthly installments. It’s also important to note that smaller brands like RedPocket and Mint Mobile tend to be cheaper than plans from Verizon, AT&T, and T-Mobile. RedPocket plans, for example, start at just $20 per month and include unlimited calls, texts, and data.

6. Additional Features

There are always additional features to be had when choosing between mobile plans. If you’re a media enthusiast, you might want to invest in a phone that offers discounts on streaming services like Netflix and Hulu. Some plans even offer discounts on additional devices like watches, tablets, or cloud storage. If you love buying all the latest gadgets and tech — or know someone in your family who does — these great features and discounts might be worth the extra monthly bucks.



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How to create a custom configuration provider in ASP.NET Core 6 https://www.referencement-net.org/how-to-create-a-custom-configuration-provider-in-asp-net-core-6/ Thu, 15 Sep 2022 10:00:00 +0000 https://www.referencement-net.org/how-to-create-a-custom-configuration-provider-in-asp-net-core-6/ We use configuration providers in ASP.NET Core to load configuration data into our application from one or more configuration sources. These providers can read configuration data from command line arguments, environment variables, JSON or XML files, databases, Azure Key Vault, and other sources, including your own custom sources. The ASP.NET Core configuration system includes a […]]]>

We use configuration providers in ASP.NET Core to load configuration data into our application from one or more configuration sources. These providers can read configuration data from command line arguments, environment variables, JSON or XML files, databases, Azure Key Vault, and other sources, including your own custom sources.

The ASP.NET Core configuration system includes a set of classes that make it easy to manage your application’s configuration settings. This system is lightweight and extensible, and it provides a consistent way to store and retrieve configuration settings for all ASP.NET Core applications.

For custom configuration sources, you can create your own custom configuration provider in ASP.NET Core and attach it to the configuration system. A custom configuration provider can help reduce the complexity of loading configuration metadata from custom configuration sources or external sources.

This article presents a discussion on how we can create a custom configuration provider in ASP.NET Core 6. To work with the code samples provided in this article, you must have Visual Studio 2022 installed on your system. If you don’t already have a copy, you can download Visual Studio 2022 here.

Create an ASP.NET Core 6 Web API project in Visual Studio 2022

First, let’s create an ASP.NET Core project in Visual Studio 2022. Follow these steps to create a new ASP.NET Core 6 Web API project in Visual Studio 2022:

  1. Launch the Visual Studio 2022 IDE.
  2. Click on “Create a new project”.
  3. In the “Create a new project” window, select “ASP.NET Core Web API” from the list of templates displayed.
  4. Click Next.
  5. In the “Configure your new project” window, specify the name and location of the new project.
  6. Optionally check the box “Place the solution and the project in the same directory”, according to your preferences.
  7. Click Next.
  8. In the “Additional Information” window displayed below, select .NET 6.0 as the target framework from the drop-down list at the top. Leave the “Authentication type” set to “None” (default).
  9. Make sure the “Enable Docker”, “Configure for HTTPS”, and “Enable Open API Support” checkboxes are unchecked as we won’t be using any of these features here.
  10. Click Create.

We’ll use this ASP.NET Core 6 Web API project to create a custom configuration provider in later sections of this article.

Creating configuration providers in ASP.NET Core 6

A configuration provider is typically a C# class that can retrieve configuration data from a source (a file, database, external API, etc.) and make it available to the application. There are many configuration providers built into ASP.NET Core, including JSON, XML, and database providers. However, you can also create your custom configuration provider if needed.

To create a custom configuration provider, you must create a class that extends the ConfigurationProvider class. Then you need to override the Load() method to load the configuration data from where it is stored and return the data as a key-value dictionary.

Once you’ve created your custom configuration provider, you can register it with ASP.NET Core by adding it to the services collection in the Program.cs file.

custom config provider 01 IDG

Figure 1. The Solution Explorer window of the completed application.

Now let’s start creating a custom configuration provider in ASP.NET 6 Core. The final solution will include the following files:

  • SecurityMetadata.cs
  • CustomConfigurationSource.csCustomConfigurationSource.cs
  • CustomConfigurationProvider.csCustomConfigurationProvider.cs
  • CustomConfigurationExtensions.cs
  • CustomConfigurationController.cs

We’ll learn more about each of these files in the sections that follow. Additionally, we will also write code in the Program.cs file to add the configuration provider and configuration source to the default ASP.NET Core runtime configuration system. The finished application’s Solution Explorer window should appear as shown in Figure 1 above.

Create a class for security metadata in ASP.NET Core 6

We’ll store API keys and API secrets in a .json file and read it into the application we’ll build here. We won’t use any of these keys to authenticate or authorize requests in this example.

Both API keys and API secrets are used to authenticate access to an API. The main difference is that API keys are public and available to everyone, while API secrets are private and should never be shared. An API key is an identifier that allows you to interact with an API in a secure way.

API keys are used to restrict who can use an application and what they can do with it; that is, they are used to authenticate and authorize requests. API secrets are used to store sensitive information in your application. You can also use API secrets to generate checksums and to encrypt and decrypt data.

Create a class named SecurityMetadata in a file of the same name with a .cs extension and enter the following code.

   public class SecurityMetadata
    {
        public string ApiKey { get; set; }        
        public string ApiSecret { get; set; }
    }

Create a class for a configuration source in ASP.NET Core 6

Next, we’ll create a configuration source to initialize our custom configuration provider. To do this, create a new .cs file named CustomConfigurationSource and give it the following code.

    public class CustomConfigurationSource : IConfigurationSource
    {
        public IConfigurationProvider Build(IConfigurationBuilder builder)
        {
            return new CustomConfigurationProvider();
        }
    }

Your custom configuration source must implement the IConfigurationSource interface. The IConfigurationSource interface contains the Build method where you should call your custom configuration provider.

Create a custom configuration provider in ASP.NET Core 6

To read configuration information from an external data source, you must implement your custom configuration provider. Your custom configuration provider is a normal C# class that extends the Microsoft.Extensions.Configuration.ConfigurationProvider abstract class and overrides the Load() method as shown in the code listing below.

    public class CustomConfigurationProvider :
    Microsoft.Extensions.Configuration.ConfigurationProvider
    {
        public override void Load()
        {
            var text = File.ReadAllText(@"D:SecurityMetadata.json");
            var options = new JsonSerializerOptions
            { PropertyNamingPolicy = JsonNamingPolicy.CamelCase };
            var content = JsonSerializer.Deserialize<SecurityMetadata>
           (text, options);
            if (content != null)
            {
                Data = new Dictionary<string, string>
                {
                    {"ApiKey", content.ApiKey},
                    {"ApiSecret", content.ApiSecret}
                };
            }
        }
    }

Note how ApiKey and ApiSecret are stored in the dictionary instance named Data.

Create a custom configuration extension class in ASP.NET Core 6

We will now create an extension method that will create an instance of the CustomConfigurationSource class and return it.

    public static class CustomConfigurationExtensions
    {
        public static IConfigurationBuilder AddSecurityConfiguration
        (this IConfigurationBuilder builder)
        {
            return builder.Add(new CustomConfigurationSource());
        }
    }

Add Custom Config Source to Program.cs in ASP.NET Core 6

Now enter the following line of code in the Program.cs file to add the custom configuration source to the configuration provider collection.

builder.Configuration.AddSecurityConfiguration();

The complete code list of Program.cs file is given below for your reference.

using CustomConfigurationProvider;
var builder = WebApplication.CreateBuilder(args);
// Add services to the container.
builder.Configuration.AddSecurityConfiguration();
builder.Services.AddControllers();
builder.Services.AddEndpointsApiExplorer();
builder.Services.AddSwaggerGen();
var app = builder.Build();
// Configure the HTTP request pipeline.
if (app.Environment.IsDevelopment())
{
    app.UseSwagger();
    app.UseSwaggerUI();
}
app.UseAuthorization();
app.MapControllers();
app.Run();

Create a custom configuration controller in ASP.NET Core 6

Finally, create a new API controller named CustomConfigurationController and replace the default generated code with the following code list.

    [Route("api/[controller]")]
    [ApiController]
    public class CustomConfigurationController : ControllerBase
    {
        private readonly IConfiguration _configuration;
        public CustomConfigurationController(IConfiguration configuration)
        {
            _configuration = configuration;
        }
        [HttpGet]
        public IActionResult Get()
        {
            var metadata = new SecurityMetadata
            {
                ApiKey = _configuration["ApiKey"],
                ApiSecret = _configuration["ApiSecret"]
            };
            return Ok(metadata);
        }
    }

Note how the IConfiguration instance is injected into the constructor of the CustomConfigurationController class.

If you now run the app and hit the HttpGet endpoint of the CustomConfigurationController, you should see configuration data returned after reading it from the .json file in the filesystem. To verify this, set a breakpoint in the HttpGet action method of the CustomConfigurationController, as shown in Figure 2 below.

custom configuration provider 02 IDG

Figure 2. ApiKey and ApiSecret are returned by the HttpGet action method.

In this article, we implemented a custom configuration provider that can read configuration data from a .json file. Note that we ran the application directly from the Visual Studio 2022 IDE and set a breakpoint to check if the configuration data is returned correctly. You can also run the app using Postman, Fiddler, or the Swagger UI.

Copyright © 2022 IDG Communications, Inc.

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