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AppDirect’s Capital Program Fortified With $100 Million Investment from CDPQ

Business Wire — Tue, 09 Jan 2024 20:04:09 +0000

Funding provides flexible capital for technology advisors to transform and scale their business while maintaining 100% ownership

AppDirect, the leading B2B subscription commerce platform in North America, announced it has secured USD 100 million [approximately CAD 136 million]¹ in funding from global investment group CDPQ. This new investment will support innovative financing options for technology advisors through the AppDirect Capital Invest program, allowing them to access flexible capital to transform and scale their business. Building upon the initial USD 80 million financing from CDPQ in 2021, this new investment increases the total program funding to USD 180 million.

In dynamic channel market, every technology advisor faces the decision to stay the course, seek capital to invest back into their business or consider whether the time is right to be acquired or acquire. The AppDirect Capital Invest program supports these endeavors by combining upfront, non-restrictive capital with the power of the AppDirect Marketplace, allowing technology advisors to use the capital to scale, innovate, retain top talent, or make outside investments while maintaining 100% ownership of their business. This new funding from CDPQ enables AppDirect to work with technology advisors on flexible capital solutions to meet their unique business needs.

“AppDirect is committed to providing our technology advisors with an unfair advantage. Our Invest program is purpose-built to empower our technology advisors,” said Emanuel Bertolin, Chief Revenue Officer at AppDirect. “To keep up with ever-changing market, technology merchants need fast access to capital to accelerate their growth. With AppDirect Capital, technology advisors can take advantage of innovative capital options to expand their business or invest in the future, which makes increasing access to this program all the more essential.”

“Since our initial financing in 2021, AppDirect has demonstrated their ability to accelerate the connectivity and competitiveness of today’s businesses,” said Marc Cormier, Executive Vice-President and Head of Fixed Income at CDPQ. “As part of our partnership, this repeat investment continues to facilitate the delivery of critical solutions for the digital economy, while generating stable returns for our clients.”

“AppDirect is dedicated to fueling innovation and growth for our advisor community,” said Nicolas Desmarais, Chairman and CEO at AppDirect. “CDPQ and AppDirect have an established track record of working together, and this new investment further solidifies both companies’ commitment to the growth and transformation of AppDirect channel partners and technology advisors.”

With this investment, AppDirect expects to continue bringing value to its technology advisors, like NXTSYS. “For the last five years, we’ve grown consistently between 22% to 30% year over year. Since we partnered with AppDirect Capital Invest, we jumped 50% in a single year in profit. Think about that: not 50% in revenue, but 50% in profit. Those kinds of numbers are phenomenal,” said David Wallace, Co-founder and President of NXTSYS. “With AppDirect as a partner, we knew we’d have the ability to drive growth. And once we learned that we’d maintain complete control of our business, it was a clear path forward for us.”

[To share your insights with us, please write to sghosh@martechseries.com]

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Argo Translation Launches CMSConnect to Streamline Digital Platform Translation

PRNewswire — Tue, 09 Jan 2024 19:53:47 +0000

Support for a multitude of CMS, PIM, DAM, and CRM platforms expands how Argo Translation is providing innovative solutions to help businesses make their content available in numerous languages.

Argo Translation, a Chicago-based language services company, announced today the launch of CMSConnect^® for digital platforms. CMSConnect (Cross-Platform Multilingual Suite) connects source content seamlessly from numerous PIM, CMS, CRM, and DAM platforms for translation into nearly any language.

CMSConnect enables companies to accelerate the delivery of digital content to international markets that require high speed to market and internally when communicating to a diverse employee base that speaks different languages.

Peter Argondizzo, Argo Translation’s Co-Founder, shares, “We are very excited about the release of CMSConnect. It allows us to deliver peace of mind through a care-free implementation that becomes part of our customer’s process – not an additional process that takes time to train and requires additional resources for implementation. ”

CMSConnect supports many digital platforms, including Akeneo, InRiver, SharePoint, SiteCore, Kentico, Umbraco, Adobe Experience Manager, HubSpot, SFDC, and WordPress. It delivers the same promise for every platform supported – to make translation easy by enabling the translation of content into nearly any language using a platform’s native features. Argo Translation’s solution aims at eCommerce and product management professionals who are required to manage an extensive product catalog efficiently, HR professionals who need timely communications to non-native English-speaking employees via their employee website, and marketing professionals who need to connect with international audiences at the speed of their market.

The launch of CMSConnect marks another milestone in Argo Translation’s strategy to provide exceptional service through the innovative use of technology—a strategy designed to benefit customers and support their growth.

[To share your insights with us, please write to sghosh@martechseries.com]

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Lily AI Launches Customer-Centric Content Generation to Improve Product Discovery and Drive Sales

GlobeNewswire — Tue, 09 Jan 2024 19:27:07 +0000

Lily AI a retail technology platform specializing in AI solutions for retailers and brands, announced the launch of AI-powered, customer-centric content generation. This solution combines Lily AI’s existing computer vision, natural language processing, and machine learning with vertical-specific large language models (LLMs) to empower teams to create high-performing product and marketing copy. Now, retailers and brands can inject the consumer perspective directly into product pages and romance copy across e-commerce and marketplace listings.

With Lily AI’s Content Generation, merchants and marketers alike can launch collections faster and drive full-price sales by automating copy for titles and descriptions that are search-optimized, data-driven, on-brand, and, importantly, deliver more helpful and successful shopping experiences. Further, this solution can be harnessed by site merchandisers, copywriters, and other digital creatives to improve efficiency and accelerate the production of email and advertising campaigns.

Specifically, retailers and brands who utilize Lily AI content generation can easily ensure all copy is:

Automatically SEO-optimized by leveraging the most accurate and customer-centric product attribution available
Consistently standardized and customized per product
Highlighting each item’s uniqueness, benefits, and function
Conversion-optimized by integrating analysis of a retailer’s first-party online data
Consumer-oriented by harnessing “real customer speak” to describe products, including subjective terms like occasions, styles, and trends
Easy to proof, integrate, and distribute to different systems, including PIMs and e-commerce, marketplace, advertising, and marketing platforms.

“Those who know us know that we are passionate about making consumers feel great when they shop. We’re equally committed to uplifting retailers and brands too and helping them work smarter, not harder, which is why we are excited to launch our newest solution to improve content generation across sales and marketing,” said Purva Gupta, Co-founder and Chief Executive Officer of Lily AI.

“Advances in Generative AI are transforming every industry, and retail is no exception,” said Sowmiya Chocka Narayanan, Co-Founder and Chief Technology Officer of Lily AI. “I am thrilled to expand our retail AI suite and further integrate LLMs in order to provide high-impact solutions for our retail customers. Generative AI, with its advanced natural language capabilities, will continue to impact the future of work, and it’s critical to empower teams to capably meet this remarkable moment in technological history.”

Within the apparel industry alone, McKinsey estimates that generative AI could add up to $275 billion to the operating profits of the apparel, fashion, and luxury sectors in the next three to five years. McKinsey further estimates that generative AI could increase the productivity of the marketing function by 5 to 15 percent of total marketing spend by improving areas such as: efficient and effective content creation, SEO optimization, and product discovery and search personalization.

[To share your insights with us, please write to sghosh@martechseries.com]

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Karlin Real Estate Announces IBM as Newest Addition to Parmer Impact Labs

PRNewswire — Tue, 09 Jan 2024 17:59:17 +0000

Karlin Real Estate announced the signing of a lease on 50,000 square feet at Parmer Impact Labs, located at 13011 McCallen Pass. IBM will work with Karlin to develop the space into a state-of-the-art development lab.

“This announcement builds on the momentum that started in September when The University of Texas at Austin announced it would locate its first off-campus wet lab site at Parmer Impact Labs,” Matt Schwab, co-founder of Karlin Real Estate, said. “The addition of IBM is proving out our vision for Parmer as an innovation hub for groundbreaking research and development that will attract start up and blue-chip companies, alike.”

Parmer Impact Labs Austin provides laboratory and office space, giving clients the rare opportunity to lease institutional quality space within one of the most coveted, rapidly growing regions in the country. This will accelerate innovation through a concentration of businesses, research institutions, incubators and accelerators in a vibrant, mixed-use environment.

Parmer is also home to Major League Soccer’s Austin FC Training Facility, called the St. David’s Performance Center, as well as The Pitch and Parmer Field, an indoor/outdoor sports and hospitality venue.

“We are pleased to be a part of the Parmer innovation hub as we invest in new modern spaces for employees in Austin, which is an extraordinary, growing center for talent innovation,” Dexter Henderson, Austin Senior Location Executive, IBM, said. “This new technical space will allow IBM to upgrade our Austin lab facilities to meet the needs of future development, continuing what our company has done since its founding, working with creators, partners and clients to put technology to work in the real world.”

IBM’s Austin team focuses on all aspects of the company’s technology and consulting business in hybrid cloud and AI software, infrastructure, services, design and marketing. The space at Parmer Impact Labs will allow IBM to continue its 55-year innovation journey in Austin and help IBM capitalize on its talented workforce and the growing opportunity that AI and Hybrid Cloud technologies present.

[To share your insights with us, please write to sghosh@martechseries.com]

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GIGABYTE Launches Geforce RTX 40 SUPER Series Graphics Cards For A Comprehensive AI Operating Platform

PRNewswire — Tue, 09 Jan 2024 14:00:15 +0000

GIGABYTE, the world’s leading computer brand, announced the launch of the RTX 40 SUPER series graphics cards, including the RTX 4080 SUPER, RTX 4070 Ti SUPER, and RTX 4070 SUPER, totaling 14 variants. The latest additions to the RTX 40 family enhance gaming experiences with increased core counts, expanded VRAM, and faster memory speeds, delivering a significant performance boost over their non-SUPER counterparts. These improvements allow gamers to push the boundaries of high-resolution textures and intricate visual effects in demanding games, thanks to the cutting-edge AI technology of DLSS 3 frame generation. The advancement creates additional frames and enhances image quality, providing an optimal gaming experience for those who prioritize performance.

Leveraging AI based on diverse usage scenario simulations, GIGABYTE R&D team has fine-tuned the cards’ default parameters, guaranteeing optimal out-of-the-box performance. In delivering ultimate gaming performance while keeping the temperature well, the GIGABYTE RTX 40 SUPER series graphics cards feature the signature WINDFORCE cooling system, designed to ensure cool and quiet operation during intense gaming sessions. The alternate spinning fan design not only increases air pressure but also minimizes turbulence. Complementing the fans is the Screen Cooling, featuring a massive vented backplate that provides an additional pathway for heat to exhaust.

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The premium AORUS MASTER variant takes things a step further, featuring the WINDFORCE Bionic shark fan. This enhancement boosts static pressure by up to 30% and reduces noise levels by up to 3dB, setting it apart from regular fans at the same RPM. Working in tandem with a vapor chamber in direct contact with the interior cores and multiple heat pipes, the AORUS MASTER ensures top-tier thermal performance under demanding loads.

The AORUS MASTER also offers a premium package of additional features. The iconic RGB Halo creates captivating addressable illumination on the rotating fans, adding a touch of gaming style to every build. The LCD Edge View, an integrated side LCD on AORUS GeForce RTX 4080 SUPER MASTER, lets users personalize their setup with texts, images, or gifs while monitoring the graphics card’s real-time stats such as power consumption, temperatures, etc.

GIGABYTE, as a strategic partner with NVIDIA, is committed to nurturing a vibrant AI ecosystem, promising users a truly immersive AI experience.

[To share your insights with us, please write to sghosh@martechseries.com]

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New Global Initiative to Advance Digital and AI-Driven Transformation of Healthcare Systems

PRNewswire — Tue, 09 Jan 2024 12:51:14 +0000

Digital transformation and new tech tools can provide scalable solutions to systemic challenges straining global healthcare system, new research finds
New World Economic Forum Digital Healthcare Transformation Initiative, launched in collaboration with Boston Consulting Group will accelerate public-private collaboration on digital health, data, and artificial intelligence
New report by the World Economic Forum and BCG highlights how five critical enablers could revolutionize healthcare and counter the interconnected challenges it is facing globally

A new World Economic Forum initiative, unveiled will unlock the transformative potential of digital tools and new technologies such as artificial intelligence (AI) for healthcare, and the critical importance of concerted public-private collaboration in driving their global adoption.

The new initiative, launched in collaboration with Boston Consulting Group (BCG), will harness the untapped power of digital solutions to help address the host of pressing interconnected challenges straining the global healthcare system. The joint effort will foster international collaboration on promising new digital tools such as AI to reshape patient care and improve system inefficiencies worldwide.

“Digital transformation has the potential to overcome the serious challenges patients and populations are facing worldwide,” said Shyam Bishen, Head of the Centre for Health and Healthcare, and Member of the Executive Committee at World Economic Forum. “Greater public-private collaboration is urgently needed to address these complex challenges. We are committed to providing an adaptable, cooperative platform to connect the dots and accelerate and scale up the innovative efforts of key change-making organizations in healthcare globally.”

Transforming Healthcare: Navigating Digital Health with a Value-Driven Approach, a joint report by the World Economic Forum and BCG, also launched today, underscores this urgent need for concerted collaboration on the scaling up of digital solutions to the triad of interconnected challenges straining health systems today: insufficient financial and human resources, the increasing burden of chronic diseases, and inequitable outcomes and access to care.

“This joint initiative marks a significant step towards harnessing the power of digital solutions and AI to elevate health outcomes, enhance efficiency, and bridge the gaps in access and care that exist in far too many countries,” said Torben Danger, global leader of BCG’s Health Care practice and a coauthor of the report. “Now is the moment for governments, health care system leads, and the private sector to intensify their efforts and establish the right conditions that not only allow digital, data, and AI solutions, but that enable them to thrive and transform global health care in an ethical and secure way.”

The Transforming Healthcare: Navigating Digital Health with a Value-Driven Approach report’s strategic framework outlines five overarching digital enablers that could expedite the sustainable transformation of healthcare systems and help ensure maximum impact for patients worldwide:

Data: Unlock the value of data which enables digital applications to create impact.
Tech and analytics: Build a strong tech and analytics foundation that can extract value from data.
Funding and incentives: Align incentives among stakeholders and ensure funding so digital can be scaled up for maximum impact.
Hybrid healthcare delivery: Strengthen digital capabilities and user design to facilitate implementation.
Regulations and policies: Develop fit-for-purpose digital regulations and policies.

[To share your insights with us, please write to sghosh@martechseries.com]

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Globalspace Technologies Unveils Goroga – India’s First Anti-stress Wearable

PRNewswire — Tue, 09 Jan 2024 12:38:56 +0000

GlobalSpace Technologies Limited unveiled GoRoga, India’s first Anti-Stress wearable under the Make in India initiative. The inaugural event, held at Chancellor Hall, NSCI Club, Worli, Mumbai on 4^th January 2024 was jointly presided by Mr. Krishna Singh, Founder and CEO, GlobalSpace Technologies and Mr. Ami Lebendiker, Co-Founder and CEO, RogaLife, USA. A trailblazer in digital pharma and healthcare for over a decade, GlobalSpace Technologies are pioneers in digital pharma solutions, revolutionizing healthcare through cutting-edge solutions, analytics, and AI. They have now forayed into digital therapeutics with this one-of-a-kind anti-stress wearable that is well positioned to become a popular anytime anywhere lifestyle product.

Manufactured and patented as RogaLife in the USA, the complete solution has been developed in collaboration with GlobalSpace Technologies Ltd and is now available for the first time, in India.

Mental health is the cornerstone of a fulfilling life. Yet stress, anxiety, and burnout plague millions worldwide, and India is no exception. As per WHO 2020, 5.6 crore Indians have depression and 3.5 crore people have anxiety disorders in India. Stigma and affordability hinder a proactive approach to manage mental wellness.

Speaking at the inaugural event, Mr. Krishna Singh, Founder and CEO – GlobalSpace Technologies, said, “In collaboration with RogaLife, we are on a mission to uplift millions of Indians facing stress and anxiety. The commitment is fueled by the proven success of RogaLife in the USA, Canada, and South Asia”

GoRoga promises to be the ultimate anti-stress companion for those suffering from moderate to severe stress and anxiety. Crafted through cutting-edge FDA-approved NIBS (neuroscience-researched non-invasive brain stimulation) technology, this non-invasive, user-friendly, and budget-friendly wearable is a game-changer. The Anti-Stress wearable plugs into a phone while the sticky pads hook to the ears to activate cortisol for the reduction of stress via the release of serotonin and multiple another feel good harmones. Tailored stimulations, scientifically calibrated to balance mild to severe stress oscillate into the brain. Beta waves (13Hz – 39 Hz) of anxiety diminish, alpha waves (8Hz – 12 Hz) of calm focus and theta waves (3Hz – 8Hz) of relaxation emerge. It takes just 20 minutes per day, recommended up to a maximum of 60 minutes per day for 3 to 4 weeks, to get on the path of lasting tranquility. Backed by rigorous research, user testing, and the personal triumph of our co-founder, GoRoga has a reliable stamp of safety and efficacy.

Mr. Ami Lebendiker, Co-founder and CEO, RogaLife, USA, said, “GoRoga is an all-in-one solution for individuals, organizations, clinics, and wellness centers. Whether it is navigating stress in personal or professional life, or trying to improve sleep quality, or boosting employee wellness for peak productivity, GoRoga is the ultimate answer. 1000+ users have already experienced the power of GoRoga. It is backed by 16+ research studies, and an average 85% reduction in stress and burnout, showcasing its effectiveness. The success speaks for itself, with 90% of users recommending it to friends or family and 73% using it consistently even after six months”

GoRoga, the unparalleled stress buster stands unique with FDA-approved CES and NIBS technology. Unlike other wearables and supplements, this clinically validated device works wonders on both physical and mental stress symptoms. But that’s not all—no more battery or recharging headaches! The cherry on the top is a globally unique analytics dashboard exclusively for IOS and Android App subscribers where innovation meets simplicity. It offers comprehensive tracking, progress scores, and personalized insights. GAD-7 scores and stress reduction progress reports makes informed wellness treatments a reality for doctors, psychiatrists, psychologists, counselors, and therapists.

This sleek Anti-Stress wearable features two electrodes easily secured behind your ears with stylish ear hooks available in multiple colors. The magic happens when the lead wire connects to a compact simulation device powered by your cell phone, delivering rhythmic stimulations rooted in decades of scientific research. The device has a library of tailored audio-visual programs.

Guided by our team of expert psychotherapists and meditation instructors, these programs are designed to alleviate various stress types and deliver personalized experiences. It’s as simple as plugging the user-friendly device into your phone, attaching the stimulation pads behind your ears, and letting the gentle electrical pulses interrupt stress signals. Instant relief is just a heartbeat away with GoRoga.

A peek into the voices of our community of doctors

A psychiatrist from Rajasthan after usage on 2-3 patients for a couple of months, said, “It’s a game changer for Mental Health Well-Being.” Another doctor from Kerala says. “I would rate it 8/10 since my patients experienced improvement in the process of using it for weeks.”

Discover the magic through the voices of our community

One user says, “The GoRoga + app stops severe burnout in its tracks, preventing panic attacks. My daily stress is now more manageable.” Another user says, “it’s like having a new friend who understands and is always there for you”. A third user says, “Beyond its stylish design, GoRoga has been my go-to for coping with severe stress—I panic much less now!”

[To share your insights with us, please write to sghosh@martechseries.com]

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Rajant Introduces Distributed Edge AI Platform at CES

GlobeNewswire — Tue, 09 Jan 2024 09:18:57 +0000

Rajant Corporation, the pioneer of Kinetic Mesh wireless networks, along with Rajant Health Incorporated (RHI), a division of Rajant that is developing cutting-edge technology to provide health insights on-demand, will unveil its new edge AI platform during the Consumer Electronics Show (CES) in Las Vegas Venetian Meeting Center in Room Zeno 4610 on January 9^th – 12^th. Known as the Cowbell, the edge AI platform is a distributed computing hub and platform-as-a-service to streamline and simplify the delivery and management of AI applications at the edge.

According to Muthu Chandrasekaran, Ph.D. RHI VP of Artificial Intelligence, “There has been explosive growth in the number of connected devices in recent years, and without edge computing, the amount of data generated from these devices would severely overwhelm and adversely impact most of today’s enterprise networks. Furthermore, the inflated costs and latencies introduced by the cloud render cloud-hosted AI-based low-latency decision support systems almost impossible, not to mention that the productization of AI and its maintenance is very difficult and complex. The Cowbell platform simplifies this complex problem by providing software, hardware, and networking infrastructure necessary to bring distributed cloud native computing to the edge with what we’re calling MLOps-in-a-Box. By leveraging Rajant’s patented InstaMesh networking technology, the Cowbell platform facilitates a secure, fault-tolerant, highly available distributed computing cluster over mesh, the first of its kind. Scaling the cluster is automatic when additional Cowbells are added to the deployment.”

Those visiting Rajant at CES will also be introduced to Q-Stat, a cutting-edge wearable device created to transform your work experience. The Q-stat’s flexible design strategy allows for all types of different packaging, intended to serve various markets, from people to animals. Packed with advanced sensors, including skin temperature, O₂, pulse rate and EKG, along with integrated Wi-Fi and BLE in a sleek, compact design, the Q-stat offers a seamless and enriching experience that caters to your safety and wellness needs.

Rajant Health EVP Giana Schena, Ph.D. shares, “RHI will offer demonstrations of Trovomics, a user-friendly platform designed to provide a fast, no-code solution for omics analysis, empowering researchers to easily and quickly turn their sequencing data into stunning, interactive visualizations. Trovomics has received outstanding feedback and results from academic researchers in biomedical science since its debut, and we are thrilled to bring the platform to CES to show individual users the power to investigate their own data.”

Robert Schena, CEO of Rajant and RHI, states, “What we have accomplished here is an ecosystem that includes the enterprise Edge (Cowbell), personal Edge (Q-Stat), and analytics (Trovomics). This ecosystem is called Angelverse because we at Rajant believe that people should own and control their own data locally, choosing where, when, and who they wish to share it with. This ecosystem fully integrates Rajant’s industry-leading Kinetic Mesh and the Reios IoT suite of solutions offered by Rajant Italia SRL.”

Rajant EVP of Sales and Marketing Geoff Smith adds, “The Cowbell and Q-Stat unveiled at CES will be featured as fully integrated solutions with the Rajant Kinetic Mesh family of wireless networking BreadCrumb solutions and Kinetic Mesh-enabled Reios IoT platform, which provides comprehensive automated operational intelligence anywhere, which is fast and easy to deploy. Reios brings intelligent insights to all facets of an operation through various devices that support the platform’s different applications – Smart Lighting, sTrack, IoT BMS, sDesk, and Smart Picking.

More on Cowbell:

Housed in a rugged industrial-grade IP-rated enclosure, the Cowbell is a versatile platform perfect for indoor and outdoor use. It constitutes a powerful multi-core CPU and GPU with a plethora of wired (Serial, Ethernet) and wireless (Bluetooth, Wi-Fi, LoRa, Rajant Kinetic Mesh) connectivity interfaces and high-speed storage enabling ingestion, hardware-accelerated processing, and network-resilient transfer of multi-modal data from disparate sensors and peripherals. Applications deployed on the Cowbell can leverage the platform’s microservices-based software architecture and foundational services to serve custom machine learning models and facilitate dynamically configurable data pipelines. This state-of-the-art solution provides all the necessary data APIs to bring customers’ own (containerized or non-containerized) applications into the platform. It automates their deployment and orchestration to ensure availability. Rajant’s Kinetic Mesh ensures secure network transport and complete network isolation when needed. The Cowbell offers an integrated centralized cluster and applications management plane with a simple user interface, providing a seamless cluster provisioning, management, and application deployment experience. Secure remote access is enabled by a lightweight zero-trust VPN solution. Take advantage of the application-level logs, cluster- and node-level resource consumption metrics, and other dashboards for full observability of the health of the cluster and applications.

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[To share your insights with us, please write to sghosh@martechseries.com]

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GE Healthcare Announces Agreement to Acquire MIM Software

Business Wire — Mon, 08 Jan 2024 15:18:16 +0000

The anticipated acquisition aligns to GE HealthCare’s precision care strategy with the goal of strengthening the company’s digital solutions across care pathways
MIM Software provides AI-enabled image analysis and workflow tools across multiple care areas, including oncology, urology, neurology, and cardiology
Today’s agreement reinforces GE HealthCare’s commitment to integrate medical imaging products in order to deliver more precise, connected and efficient care across disease states

GE HealthCare announced it has entered into an agreement to acquire MIM Software, a global provider of medical imaging analysis and artificial intelligence (AI) solutions for the practice of radiation oncology, molecular radiotherapy, diagnostic imaging, and urology at imaging centers, hospitals, specialty clinics, and research organizations worldwide. GE HealthCare expects to leverage MIM Software’s imaging analytics and digital workflow capabilities across various care areas to accelerate innovation and differentiate its solutions for the benefit of patients and healthcare systems around the world.

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“We are excited by the prospect of joining GE HealthCare and thrilled to share this exciting news”

Recognizing the industry transformation taking place as digital innovation reshapes the experience of patients and providers, GE HealthCare – a leading global medical technology, pharmaceutical diagnostics, and digital innovator – is focused on developing smart devices, aligned to disease states and enabled by digital. These efforts are reflected in the company’s mission to make hospitals more efficient, clinicians more effective, therapies more precise, and patients healthier and happier.

MIM Software’s portfolio of innovative imaging solutions provides a variety of beneficial features, including: the integration of diagnostic images from multiple modalities into treatment plans; automation to help reduce repetitive tasks and manual interventions; quantitation and advanced processing in diagnostic imaging and nuclear medicine to help determine therapy response; and a platform to assist with Theranostics imaging and dosimetry.

GE HealthCare expects to integrate MIM Software solutions into its advanced visualization offerings to facilitate AI-based segmentation and contouring as well as dosimetry analysis for patients across their treatment journeys and in the growing fields of radiology, molecular imaging, and radiation oncology.

“We are committed to providing comprehensive, connected devices and digital solutions that enable providers to improve patient care across multiple specialties,” says Peter Arduini, President & CEO of GE HealthCare. “We expect our efforts to bring these two complementary organizations and innovative product portfolios together to strengthen our capabilities as a leading provider of integrated imaging systems, analytics, and advanced digital workflows across several care areas and pathways – including Theranostics, radiation oncology, urology, neurology and cardiology. Now and in the future, we are working to transform patient care.”

“We are excited by the prospect of joining GE HealthCare and thrilled to share this exciting news,” adds Andrew Nelson, CEO of MIM Software. “Over the past two decades, we have worked to develop innovative vendor agnostic products and deliver quality services to earn the trust of our customers – this will not change. As a part of GE HealthCare, we anticipate developing new and increasingly integrated digital solutions to meet our customers’ most complex and pressing needs, today and into the future. Together, we will build upon our shared legacies of enhancing patient care.”

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As novel therapies become more widely available, providers rely on advanced imaging, workflow and digital solutions to provide critical information and help enable faster, more effective treatment plans. With the agreement to acquire MIM Software, GE HealthCare is working towards strengthening its focus and offerings to support the broad practice of precision care across various disease states and imaging practices, including Theranostics in oncology for the treatment of advanced prostate cancer, streamlined workflow solutions in radiation oncology to help simplify complex cancer treatment plans, beta amyloid imaging in neurology for the diagnosis and monitoring of Alzheimer’s patients, and myocardial perfusion to diagnose coronary artery disease (CAD).

“Our anticipated acquisition of MIM Software will mark a key moment in the evolution of our technology. By integrating MIM Software’s cutting-edge imaging analytics and AI-driven solutions with GE HealthCare’s advanced medical technology, we are not just expanding our capabilities, but joining together to embrace the possibilities of precision care. This intended merger is a fusion of innovative visions, aimed at evolving the way we detect, treat, and manage disease,” shares Taha Kass-Hout, MD, MS, Chief Technology Officer of GE HealthCare. “GE HealthCare is committed to developing smart, AI-powered devices that cater to specific disease states, thereby enabling clinicians to deliver more personalized care. We expect the integration of MIM Software will also advance our efforts in connecting data across care pathways. It is a leap towards a future where healthcare is more precise, connected, and efficient, with the goal of benefitting providers and patients worldwide.”

Founded in 2003, MIM Software is headquartered in Cleveland, Ohio, with additional offices in China and Belgium. The consummation of the transaction is subject to customary closing conditions, including regulatory approvals. Financial details of the transaction have not been disclosed publicly. GE HealthCare intends to fund this transaction with cash on hand. The Company expects this transaction to be neutral to Adjusted EBITⁱ in year one and accretive thereafter.

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[To share your insights with us, please write to sghosh@martechseries.com]

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CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision

PR Newswire — Fri, 05 Jan 2024 14:43:50 +0000

The Gemini 2 XL is made for AI-based vision developers looking for an affordable, wide FOV RGB-D PoE camera with high-performance over a long range and varied lighting condition

Orbbec, an industry leader dedicated to 3D vision systems, announced the launch of the Gemini 2 XL at this year’s Consumer Electronics Show (CES). Ideal as the primary visual system for a variety of robots and numerous AI-based video analytics and interaction systems, the Gemini 2 XL is a long-range, 3D camera that delivers accurate and reliable data in various lighting conditions from pitch black to outdoors.

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Orbbec’s mission is to make 3D vision accessible and the Gemini 2 XL will enable robot designers to access premium visual information at a fraction of the cost of current solutions.

The newly released camera unit is easy to set up and operate with the Orbbec SDK and features:

Superior RGB-D Quality: Providing data suitable for a wide range of demanding AI-driven recognition and tracking applications that require detection of small objects and while excelling in high-reflectivity environments. The deeplearning algorithms can generate a complete phase map around small objects and fixtures by overcoming challenges faced by traditional algorithms due to shadow, speckle pattern size, illumination condition, etc.
Minimal Environmental Light Impact: Offers exceptional performance in various lighting conditions, including direct sunlight and outdoor environments. Conventional algorithms struggle to calculate depth/phase in environmental conditions with highly reflective surfaces, direct sunlight, low visibility, sharp shape-cased shadows, small texture-caused shadow, etc. to calculate the depth/phase which results in a spotted image with missing depth areas. Orbbec’s AI algorithms create a solid complete phase map output even under these challenging conditions.
No Need for Costly Vision Processors: While similar cameras in the market are either very expensive or require costly external computing power, the high-performance Gemini 2 XL provides engineers with a cost-efficient, high-accuracy option.

“We are excited to demonstrate the superior capabilities of Gemini 2 XL at this year’s Consumer Electronics Show,” said David Chen, Co-Founder and Head of Products at Orbbec. “As Orbbec’s learning library continues to expand, the camera’s capabilities will continue to improve, broadening their applicability in robotics and AI-based vision solutions.”

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ODM services: Smarter automation needs intelligent robots with reliable, yet affordable depth perception. Orbbec is dedicated to 3D vision and customers interested in custom solutions to meet their specific application needs can leverage Orbbec’s expertise in R&D, in-house manufacturing and supply chain.

With the NVIDIA Jetson platform: The Gemini 2 XL, when paired directly with the powerful NVIDIA Jetson Orin system-on-modules instead of the OBox, allows for additional image processing resulting in further improvement in the depth frame rate, accuracy, and scene versatility. This optimized deeplearning pipeline and camera calibration service will be offered only as part of Orbbec’s ODM package.
Customizable, Scene-Specific Algorithms: Support for customization of the AI depth output and the ability for customers to re-train the model with their own data sets to achieve better performance under their specific application environment will be available only through Orbbec’s ODM services engagement.

Robotics developers, enthusiasts and media interested in checking out the Gemini 2 XL are invited to come by Orbbec’s CES booth at the Las Vegas Convention and World Trade Center (LVCC), North Hall, 9745.

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[To share your insights with us, please write to sghosh@martechseries.com]

The post CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision appeared first on AiThority.

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CES 2024: Orbbec Incorporates Deeplearning with Stereo Vision -A Leap Forward in Robotic Vision

The Gemini 2 XL is made for AI-based vision developers looking for an affordable, wide FOV RGB-D PoE camera with high-performance over a long range and varied lighting condition