Cyber Crime Costing Industry up to $8-trillion Annually revealed at Acronis Global Cyber Summit 2020

 Dubai, United Arab Emirates-Wednesday 28 October 2020 [ AETOS Wire ]

Cyber crime is costing businesses worldwide between $4-8 trillion annually and has the potential to grow twenty-fold over the next few years according to Acronis CEO and founder Serguei “SB” Beloussov speaking at the Acronis Global Cyber Summit 2020. The Summit attracted more than 9,500 professionals from around the world to discuss the latest strategies and technological advances in the field of cyber protection.

Offered as a free virtual event from October 19-21, this year’s Summit featured more than 150 thought leaders, cybersecurity experts, channel professionals, industry executives, and sports stars who led 60 sessions. The 2020 Summit’s entire program will soon be publicly available for free until December 20 via an on-demand video stream. All recordings will be available starting October 22.

Ransomware Attack Cases

Mr Beloussov cited numerous cases of ransomware attacks.

Software AG was hit by a ransomware gang in October 2020 demanding $20 million where the criminals started leaking passports, emails and financials to the public.

San Rafaeie Hospital in Italy had personal data of patients and doctors stolen, and in France CMA CGM, the shipping company, shut down its website and shipping applications due to a ransomware attack.

AJG in the US, a global Fortune 500 insurance broker, went offline after 22 ransomware groups compromised its data, and in Argentina, Border Control experienced a ransomware attack that crippled border crossings. The attackers demanded $4 million not to publish the data.

The just-released Acronis Cyber Readiness Report surveyed 13,400 global companies and remote workers in 17 countries including South Africa in the wake of the ongoing COVID-19 pandemic.

Serguei explained that almost 80% of organisations use more than 50 different cyber security tools, and 37% use more than 100.

“Today’s challenges of remote work, IT demands, and cyberthreats have driven tremendous interest in the solutions and opportunities that comprehensive cyber protection delivers – both to businesses and the service providers who support them,” said Serguei “.

Long-term impact of COVID-19 on IT

While many organizations entered 2020 with no plans to migrate to cloud-based solutions or enabling remote work for their staff, the COVID-19 response made those moves mandatory. As a result, a common theme that ran throughout the Summit was how the recent changes driven by the global pandemic will impact the future of IT and cybersecurity.

Acronis Cyber Protection Operating Centers (CPOCs) found that 35% of customer endpoints were exposed to malware attacks that were still getting through prior to the deployment of Acronis Cyber Protect.

The Acronis report reveals that hackers targeting remote workers, phishing, distributed denial of service (DDoS), and videoconferencing attacks are the most common. 39% of companies have encountered videoconferencing attacks as workers rely on apps like Zoom, Cisco Webex, and Microsoft Teams. Cisco recently revealed a vulnerability in its Webex app that could allow attackers to open, read and steal potentially valuable or damaging content.

“Acronis Cyber Protect prevented code execution exploits in Webex before it was patched by Cisco,” Mr Beloussov said.

He said that Acronis Cyber Protect replaces the multitude of solutions that businesses are currently using into a single solution. Currently the product is preventing an estimated $150 million in direct losses for customers each year.

Candid Wüest, Vice President of Cyber Protection Research at Acronis, cautioned IT teams and service providers should “make no mistake. Attackers already know where the interesting data is and they are prepared to strike into the cloud and strike into those new services.” As a result cybersecurity, data protection, and endpoint protection management capabilities need to be integrated to deliver the security needed in this new digital world.

Major announcements

Acronis delivered three major announcements regarding the company’s future during the event:

The Acronis #CyberFit Academy – A new training and certification program designed to deliver valuable insights to channel partners on how to position, sell, and deploy cyber protection solutions was launched.

Expansion of Acronis’ global network of cloud data centers – Acronis announced its plans to expand its global network of cloud data centers, including new facilities in Canada, New Zealand, and Bhutan, as well as more than 100 micro data centers in emerging markets.

Acronis Cyber Protect Cloud integration with Citrix Workspace – Acronis revealed an integrated solution for managed service providers (MSPs) designed to enhance the protection of their clients’ Citrix Workspace assets, no matter where they sit.

 

About Acronis

Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions. With award-winning AI-based antimalware and blockchain-based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on-premises – at a low and predictable cost.

Founded in Singapore in 2003 and incorporated in Switzerland in 2008, Acronis now has more than 1,500 employees in 33 locations in 18 countries. Its solutions are trusted by more than 5.5 million home users and 500,000 companies, including 100% of the Fortune 1000, and top-tier professional sports teams. Acronis products are available through 50,000 partners and service providers in over 150 countries and more than 40 languages.

Contacts

Krishika Mahesh: Krishika@Matrixdubai.com

Melwyn Abraham: Melwyn@matrixdubai.com

Or call 04 343 0888

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Morinaga Milk Expands Lactoferrin Production Capacity in German Subsidiary “MILEI GmbH”

TOKYO -Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Morinaga Milk Industry Co., Ltd. (TOKYO: 2264) (hereafter, “Morinaga Milk”) hereby announces that its subsidiary MILEI GmbH (hereafter, “MILEI”), which has the largest share^* of the global market in terms of production volume of the functional ingredient lactoferrin, will increase more than double its production capacity with the aim to enhance its lactoferrin production.
* According to data for 2019 released by Absolute Reports

1. Overview

(1) Location: Kemptener Strasse 91, 88299 Leutkirch, Germany
(2) Product manufactured: Lactoferrin
(3) Total investment: EUR 15,000,000 (approx. JPY 1.8 billion^*) * Assuming an exchange rate of 120 yen to one euro
(4) Production capacity: Approx. 170 tons (more than double that of fiscal 2019)
(5) Launch of operations: April 2021 (planned)

2. Background and purpose

As a functional ingredient for infant formula, supplements and other foods, the demand for lactoferrin has been growing particularly in Western countries and Asia.
Considering the increasing attention towards health and nutrition, the demand for lactoferrin as a functional ingredient with health value is expected to grow over the long term globally.
Morinaga Milk Group considers lactoferrin as an important functional ingredient to support people’s health and nutrition worldwide and has been conducting fundamental research and seeking commercial applications for over six decades.
Morinaga Milk Group is aiming to increase the sales of its own lactoferrin-related products with expanding production capacity in MILEI, and will flexibly respond to the long-term increasing demand of lactoferrin.
Having the largest production share of lactoferrin, Morinaga Milk Group will increase the production of MILEI and contribute to the well-being of people.

3. Effect on financial results

The investment will not affect financial results for the fiscal year ending March 31, 2021.

[Reference information]

MILEI GmbH

MILEI is based in the southern German city of Leutkirch, where its production facilities are located.
Founded in 1972, MILEI has a history of almost five decades since its start of production in 1975. MILEI offers lactoferrin, whey protein concentrate, lactose and other dairy ingredients mainly in Europe and Asia. Many companies, including global food manufacturers, use MILEI’s ingredients for infant formula, sports nutrition and others. Under the global strategy of Morinaga Milk, MILEI plays an important role supporting production and sales of ingredients for infant formula, supplements and others.

Lactoferrin

Present in most exocrine secretions such as breast milk and saliva of humans and other mammals, lactoferrin is a component with a wide range of physiological functions. The high amount of lactoferrin found in human breast milk, especially in colostrum, is considered to offer important and protective benefits to newborns.
Discovered by Danish scientists in 1939, lactoferrin as a remarkable functional ingredient, has been intensively researched by scientists worldwide, as shown by the increasing number of the studies in the graph (Figure 1). Paying high attention to the fact that lactoferrin is highly abundant in colostrum, Morinaga Milk has been focusing its research efforts on lactoferrin over the long term to develop infant formula that closely resembles breast milk. Since its initial publication of a research paper on lactoferrin in 1963, Morinaga Milk has been reporting its benefits through academic forums, conferences and publications.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027006307/en/

---

Contacts

International Division, Morinaga Milk Industry Co., Ltd.
Yoshihiko Ushida
Tamami Shibata
TEL: +81-3-3798-0152
E-mail: interntl@morinagamilk.co.jp
https://www.morinagamilk.co.jp/english/
https://www.milei.de (MILEI GmbH Website)

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INX to Acquire Openfinance Securities, LLC

 The Acquisition Doubles INX/Openfinance Registered User Base to Nearly 10K

NEW YORK & CHICAGO & WASHINGTON-Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- INX Limited (“INX”), the global blockchain-based platform for trading digital assets, announced today it has signed a term-sheet for the acquisition of Openfinance Securities LLC, a registered U.S. broker-dealer operating a registered FINRA/SIPC member, with an alternative trading system (ATS) (“Openfinance”). Subject to the execution of definitive agreements, regulatory approvals, and other closing conditions, INX would acquire Openfinance’s broker-dealer and ATS business including its systems, digital asset listings, client base and licenses. Openfinance is based in Chicago with offices in New York and Pennsylvania.

INX aims to bolster its leadership position in the digital assets’ ecosystem with the acquisition of Openfinance, one of the pioneers of regulated trading platforms in this space. Openfinance listings include companies such as Blockchain Capital, Spice VC and Lottery.com. INX intends to assure continuity of operations and service to Openfinance’s customer base.

“Digital securities represent a new evolution in traditional capital markets. There are massive benefits of listing and trading digital assets versus traditional equities,” said Shy Datika, president and founder of INX. “Openfinance has pioneered this space and earned the respect of Wall Street, the blockchain community, and U.S. regulators. We are proud to add those incredible achievements to the INX portfolio – offering investors more access to liquidity.”

Openfinance CEO Jim Stonebridge stated that “INX and Openfinance share the same vision of providing a safe and regulated ecosystem for listing and trading of digital assets. We believe that regulatory oversight, combined with liquidity, will make digital assets the financial instrument of choice for companies and investors seeking to access and raise capital. The consolidation of two leading platforms will be the catalyst needed to move this industry forward.”

INX recently launched the first SEC-registered digital security IPO for both retail and institutional investors. INX plans to provide novel trading and capital raising financial instruments to enterprises and companies worldwide.

For more information about INX, visit https://www.inx.co/ .

About INX

INX aims to provide a regulated trading platform for digital securities and cryptocurrencies combining traditional markets expertise and a novel fintech approach. INX is led by an experienced team of business, finance, and blockchain technology experts unified by the vision of redefining the world of capital markets via the leveraging of blockchain technology and novel regulatory approach.

About Openfinance

Openfinance is transforming alternative asset investing with the leading trading platform for the secondary trading of digital securities. Backed by a team of industry veterans and key partnerships, Openfinance provides unprecedented access to liquidity and investment opportunity in the $8.8 trillion alternative asset market. Through our wholly owned broker/dealer, Openfinance Securities, LLC, Member FINRA/SIPC, Openfinance is an SEC-designated ATS licensed to trade digitally formatted securities, including blockchain-based STOs.

Forward-Looking Statements

Some of the statements in this press release constitute forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by terminology such as “may,” “will,” “should,” “expects,” “plans,” “project,” “anticipates,” “believes,” “estimates,” “predicts,” “potential,” “intends,” or “continue,” or the negative of these terms or other comparable terminology. These forward-looking statements may include, but are not limited to, statements relating to our objectives, plans, and strategies; statements that contain projections of results of operations or of financial condition; statements relating to the research, development, and use of our products; and all statements (other than statements of historical facts) that address activities, events, or developments that we intend, expect, project, believe, or anticipate will or may occur in the future. Forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties. We have based these forward-looking statements on assumptions and assessments made by our management in light of their experience and their perception of historical trends, current conditions, expected future developments, and other factors they believe to be appropriate. These statements are only current predictions and are subject to known and unknown risks, uncertainties, and other factors that may cause our or our industry’s actual results, levels of activity, performance, or achievements to be materially different from those anticipated by the forward-looking statements. We discuss many of these risks in greater detail in the preliminary prospectus that forms a part of the effective registration statement filed with the SEC, including under the headings “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements.” You should not rely upon forward-looking statements as predictions of future events. Although we believe that the expectations reflected in the forward-looking statements are reasonable as of the date hereof, we cannot guarantee future results, levels of activity, performance, or achievements. Except as required by law, we are under no duty to update or revise any of the forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005773/en/

Contacts

Alona Stein

On Behalf of INX

alona@reblonde.com

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Synergis Adept Named #1 in 21 Rankings on G2’s 2020 Fall Grid Reports

 

Top honors span Product Data Management (PDM), Construction Drawing Management (CDM) and Enterprise Content Management (ECM) Categories

QUAKERTOWN, Pa. -Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- Synergis Software, a global leader in engineering information management and product data management (PDM), today announced that its flagship product, Adept, has earned 21 top placements in G2 Crowd’s Fall 2020 Grid Reports. 

The reports, which are based on real customer reviews, highlight Adept’s leadership in ease of use, ease of setup, fastest implementation, best support and best relationship as some of the key differentiators compared to other products on the market.

Adept earned Leader status in Product Data Management (PDM) and Enterprise Content Management (ECM), and High Performer status in Construction Drawing Management.

“We're committed to helping clients become more efficient, secure and collaborative, and reports like this help us understand what we're doing well and how we can improve,” said Scott Lamond, vice president of marketing at Synergis Software. “We’re energized and honored that the voice of the customer has us ranked at the top of our field.”

Adept also achieved an exceptional 77 on the G2 Net Promoter Scorecard (NPS).

According to G2, “The purpose of NPS is to gauge customer loyalty to a brand, and how likely they are to recommend your product to a peer. An NPS at-or-above 70 is considered “world class.” Essentially, this means nearly every customer would advocate for that product."

Here’s what some Adept customers had to say:

“Data is the cornerstone of any business today and not securing it is a huge risk. If you want to do it right and do it well, the Adept platform is the gold-standard.”

“No other software company anywhere works as closely with their customers. For a system that your business cannot operate without, this is invaluable.”

“An immediate 30% gain in user efficiency”

Adept earned top honors in the following rankings:

Product Data Management - Best Usability, Easiest Setup, Fastest Implementation, Most Implementable, Ease of Administration, Ease of Doing Business, Quality of Support, Best Relationship, Most Likely to Recommend, Highest Net Promoter Score

Construction Drawing Management - Easiest to Use, Best Meets Requirements, Easiest Setup, Best Support, Highest User Adoption, Easiest to do Business With, Product Going in the Right Direction, Most likely to Recommend, Highest Net Promoter Score

Enterprise Content Management - Ease of Doing Business With, Best Search Capabilities

To see how Adept stacks up, download the full comparison report.

You can read more customer feedback on G2’s Adept review page.

Learn more about G2’s scoring methodology here.

About Synergis Software

Synergis Software is the leader in engineering document management and product data management, helping businesses become more efficient, secure and collaborative. The flagship product, Adept, gets everyone on the same page, simplifying the way organizations find, manage, share and integrate enterprise content. Adept streamlines engineering change management, protects intellectual property, and provides data insights to improve decision making. Adept is integrated with AutoCAD®, Autodesk Inventor®, SolidWorks® and MicroStation®, and has been battle tested by engineers for over 30 years in customers like Dow Chemical, Con Edison, General Mills, Bayer, and Nucor Steel.

G2 Crowd

G2 Crowd, the world's leading business solution review platform, leverages more than 790,000 user reviews to drive better purchasing decisions. G2 aims to bring authenticity and transparency to the business marketplace by leveraging peer reviews, satisfaction scores, and synthesized social data.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201028005422/en/

Contacts

Scott Lamond

Vice President, Marketing

Synergis Software

scott.lamond@synergis.com

215-302-3006

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Nexeo Plastics Signs EMEA Distribution Agreement with KuibyshevAzot Affiliate

 THE WOODLANDS, Texas-Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- Nexeo Plastics, a leading global thermoplastics resin distributor, has signed an agreement with STFG Filamente GmbH, an affiliate of KuibyshevAzot, a Russian-based chemicals company, to distribute their polyamide 6-based (PA6) products throughout Europe.

“We are excited to join with Nexeo Plastics and become part of their extensive distribution network, providing our customers more choices and outstanding customer service across Europe,” said Dmitriy Rybkin, director of marketing. “The Volgamid™ line of resins offer end users a variety of choices, including sustainable recycling materials for high-end applications.”

Nexeo Plastics will carry and distribute the Volgamid™ ECO-line series. ECO-line materials are environmentally friendly solutions that help reduce CO2 emissions and offer end users a circular economy manufacturing option. With two choices — the ECO-G6A line, a mostly prime/recycled material mix and the ECO-G6B line with 100% recycled materials — manufacturers can specifically address their sustainability goals. Nexeo Plastics will also carry KuibyshevAzot’s PA6 portfolio including standard PA6 compounds and unreinforced and lubricated Volgamid™ BXD materials.

“The agreement with KuibyshevAzot extends our reach in EMEA and improves the selection of standard and eco-friendly thermoplastics to those requiring solutions for a variety of applications,” said Paul Tayler, president and chief executive officer of Nexeo Plastics. “Their ECO-line of products are a welcome complement to our overall portfolio in the sustainable products category.”

About Nexeo Plastics

Nexeo Plastics is a leading global thermoplastic resins distributor, representing quality products from world-class suppliers, and serving a diverse customer base across North America, Latin America, Europe, Middle East, Africa and Asia. From material selection assistance to identifying supply chain and inventory solutions, we go beyond traditional logistics to provide value-added services across many industries, including automotive, healthcare, packaging, wire and cable, 3D printing and more. Learn more at www.nexeoplastics.com.

About KuibyshevAzot

KuibyshevAzot PJSC is one of the leading enterprises in Russian chemical industry. KuibyshevAzot PJSC takes the leading position in Russia for production of caprolactam and polyamide, industrial and textile yarns, cord fabric, polyamide and mixed with PA fabrics in Russia, and is also one of the leading manufacturers of nitrogen fertilizers in Russia. On September 15, 2020 KuibyshevAzot started up the first European compounding line and the seventh globally at the STFG fibre spinning site in Rudolstadt, Germany, with state-of-the-art technology and a production capacity of 12 kT. For more information: www.kuazot.ru.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201027005774/en/

Contacts

Keith Mackert

Tel: 936-242-0498

Email: kmackert@nexeoplastics.com

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ExaGrid Becomes Finalist for Three SDC Awards

 Nomination Highlights ExaGrid’s Strengths in Innovation, in the Industry, and in the Channel

MARLBOROUGH, Mass.-Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE) -- ExaGrid®, the industry’s only Tiered Backup Storage solution, today announced that it has been nominated in three categories for the 11th annual Storage, Digitalisation and Cloud (SDC) Awards, which are focused on recognizing and rewarding success in the products and services that are the foundation for digital transformation. Voting to determine the winner in each category is underway now and closes on November 20. Winners of this year’s awards will be announced on December 3, 2020.

This year, the award categories that ExaGrid has been nominated in reflect different areas of strength that ExaGrid has become known for. ExaGrid has been nominated in the “Vendor Channel Program of the Year” for its Reseller Partner Program, as well as “Storage Hardware Innovation of the Year” for its Retention Time-Lock for Ransomware Recovery feature released this year in ExaGrid Software Version 6.0, and ExaGrid has been further recognized with its nomination for the “Storage Company of the Year” award.

“We are truly honored that we have become a finalist in these three award categories, they really speak to the different areas of our company that set us apart,” said Bill Andrews, ExaGrid’s President and CEO. “We are in great company with the other incredible names in the storage, digitalization, and cloud industries who are nominated for this year’s SDC Awards, and we are excited to see which companies, services, and products will be chosen by the voters. With our new Retention Time-Lock for Ransomware Recovery, we further distanced ourselves from Dell EMC’s Data Domain and also low-cost primary storage disk, as the storage behind the backup application.”

ExaGrid continues to innovate and build out product features that resolve the issues that customers often face with backup storage. ExaGrid works with over 25 backup applications and utilities and this year, ExaGrid released version 6.0, which not only improves the user interface, but also improves on deduplication and replication performance with different backup applications, and most notably, includes a Retention Time-Lock for Ransomware Recovery, becoming the only solution to offer a delayed delete ransomware recovery strategy from backup storage. ExaGrid combines immutable objects, a non-network facing tier and delayed deletes to guard against ransomware backup deletion and encryption.

ExaGrid is the industry’s only Tiered Backup Storage solution. Its disk-cache Landing Zone for backup and restore performance is tiered to a long-term retention repository for cost efficiencies as well as a scale-out storage architecture that scales as data grows. ExaGrid offers the best of both worlds by pairing the fastest backup and restore performance with the lowest cost long-term retention storage.

About ExaGrid

ExaGrid provides Tiered Backup Storage with a unique disk-cache Landing Zone, long-term retention repository, and scale-out architecture. ExaGrid’s Landing Zone provides for the fastest backups, restores, and instant VM recoveries. The retention repository offers the lowest cost for long-term retention. ExaGrid’s scale-out architecture includes full appliances and ensures a fixed-length backup window as data grows, eliminating expensive forklift upgrades and product obsolescence. Visit us at exagrid.com or connect with us on LinkedIn. See what our customers have to say about their own ExaGrid experiences and why they now spend significantly less time on backup in our success stories.

ExaGrid is a registered trademark of ExaGrid Systems, Inc. All other trademarks are the property of their respective holders.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201027005236/en/

 

Contacts

Media:

Kristina O’Connell

ExaGrid

koconnell@exagrid.com

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C3.ai, Microsoft, and Adobe Combine Forces to Re-invent CRM with AI

 C3 AI CRM enables a new category of customer-focused industry AI use cases and a new ecosystem

REDWOOD CITY, Calif. & REDMOND, Wash. & SAN JOSE, Calif.-Wednesday 28 October 2020 [ AETOS Wire ]

(BUSINESS WIRE)-- C3.ai, Microsoft Corp. (NASDAQ:MSFT), and Adobe Inc. (NASDAQ:ADBE) today announced the launch of C3 AI® CRM powered by Microsoft Dynamics 365. The first enterprise-class, AI-first customer relationship management solution is purpose-built for industries, integrates with Adobe Experience Cloud, and drives customer-facing operations with predictive business insights.

The partners have agreed to:

Integrate Microsoft Dynamics 365, Adobe Experience Cloud (including Adobe Experience Platform), and C3.ai’s industry-specific data models, connectors, and AI models, in a joint go-to-market offering designed to provide an integrated suite of industry-specific AI-enabled CRM solutions including marketing, sales, and customer service.

Sell the industry-specific AI CRM offering through dedicated sales teams to target enterprise accounts across multiple industries globally, as well as through agents and industry partners.

Target industry vertical markets initially including financial services, oil and gas, utilities, manufacturing, telecommunications, public sector, healthcare, defense, intelligence, automotive, and aerospace.

Market the jointly branded offering globally, supported by the companies' commitment to customer success.

“Microsoft, Adobe, and C3.ai are reinventing a market that Siebel Systems invented more than 25 years ago,” said Thomas M. Siebel, CEO of C3.ai. “The dynamics of the market and the mandates of digital transformation have dramatically changed CRM market requirements. A general-purpose CRM system of record is no longer sufficient. Customers today demand industry-specific, fully AI-enabled solutions that provide AI-enabled revenue forecasting, product forecasting, customer churn, next-best product, next-best offer, and predisposition to buy.”

“This year has made clear that businesses fortified by digital technology are more resilient and more capable of transforming when faced with sweeping changes like those we are experiencing,” said Satya Nadella, CEO, Microsoft. “Together with C3.ai and Adobe, we are bringing to market a new class of industry-specific AI solutions, powered by Dynamics 365, to help organizations digitize their operations and unlock real-time insights across their business.”

“We’re proud to partner with C3.ai and Microsoft to advance the imperative for digital customer engagement,” said Shantanu Narayen, president and CEO of Adobe. “The unique combination of Adobe Experience Cloud, the industry-leading solution for customer experiences, together with the C3 AI Suite and Microsoft Dynamics 365, will enable brands to deliver rich experiences that drive business growth.”

“This is an exciting development in the advancement of Enterprise AI,” said Lorenzo Simonelli, chairman and CEO of Baker Hughes. “This partnership between C3.ai, Microsoft, and Adobe will bring a unique and powerful new CRM offering to the market. We are adopting AI in multiple applications internally and in new products and services for our customers through our C3.ai partnership. We look forward to offering C3 AI CRM to our customers and benefitting from the capabilities internally.”

Combining the market-leading Microsoft Dynamics 365 CRM software with Adobe’s leading suite of customer experience management solutions alongside C3.ai’s enterprise AI capabilities, C3 AI CRM is the world’s first AI-driven, industry-specific CRM built with a modern AI-first architecture. C3 AI CRM integrates and unifies vast amounts of structured and unstructured data from enterprise and extraprise sources into a unified, federated image to drive real-time predictive insights across the entire revenue supply chain, from contact to cash. With embedded AI-driven, industry-specific workflows, C3 AI CRM helps teams:

Accurately forecast revenue

Accurately predict product demand

Identify and reduce customer churn

Identify highly-qualified prospects

Next-best offer, next-best product

AI-driven segmentation, marketing, and targeting

C3 AI CRM enables brands to take advantage of their real-time customer profiles for cross-channel journey orchestration. The joint solution offers an integrated ecosystem that empowers customers to take advantage of leading CRM capabilities along with an integrated ecosystem with Azure, Microsoft 365, and the Microsoft Power Platform. C3 AI CRM is pre-built and configured for industries – financial services, healthcare, telecommunications, oil and gas, manufacturing, utilities, aerospace, automotive, public sector, defense, and intelligence – enabling customers to deploy and operate C3 AI CRM and its industry-specific machine learning models quickly. In addition, C3 AI CRM leverages the common data model of the Open Data Initiative (ODI), making it easier to bring together disparate customer data from across the enterprise.

C3 AI CRM is immediately available, with Adobe Experience Cloud sold separately. C3 AI CRM powered by Dynamics 365 will be available from C3.ai, Adobe, Microsoft and through the Microsoft Dynamics 365 Marketplace. Please contact sales@c3.ai to learn more.

About C3.ai

C3.ai is a leading enterprise AI software provider for accelerating digital transformation. C3.ai delivers the C3 AI Suite for developing, deploying, and operating large-scale AI, predictive analytics, and IoT applications in addition to an increasingly broad portfolio of turn-key AI applications. The core of the C3.ai offering is a revolutionary, model-driven AI architecture that dramatically enhances data science and application development.

About Microsoft

Microsoft (Nasdaq “MSFT” @microsoft) enables digital transformation for the era of an intelligent cloud and an intelligent edge. Its mission is to empower every person and every organization on the planet to achieve more.

About Adobe

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20201026005552/en/

Contacts

C3.ai Public Relations:

April Marks

(917) 574-5512

pr@c3.ai

Microsoft Media Relations:

WE Communications for Microsoft

(425) 638-7777

rrt@we-worldwide.com

Adobe Comms:

Ashley Levine

(408) 666-5888

aslevine@adobe.com

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