Companies news of 2018-02-08 (page 1)

 
NBC Olympics Selects Ericsson for its Production of 2018 Olympic Winter Games in PyeongChang

STOCKHOLM, Feb. 8, 2018 /PRNewswire/ -- NBC Olympics, a division of the NBC Sports Group, has selected Ericsson to provide video contribution solutions for its production of the XXIII Olympic Winter Games, which take place in PyeongChang, South Korea, from February 8 - February 25. The announcement was made today by Christopher Connolly, Sr. Director of Transmission Engineering and Operations and Angel Ruiz, Head of Media Solutions, Ericsson.

Ericsson will provide a range of its leading encoding and satellite receiver technologies to support NBC Olympics video distribution to millions of viewers. Ericsson's specialist engineers will assist with the equipment and system set up, and will also be on site 24/7 to provide multi-site support throughout the event.

Ericsson's award-winning encoding solutions provide the highest video processing and broadcast performance in the industry, and offer the ultimate in decode efficiency for all video formats. The Ericsson media processing platform will deliver the valuable, high quality HD content over a combination of both fiber and satellite.

"Ericsson's reliability and expertise within the compression industry, made them an easy choice to once again support NBC Olympics production of the 2018 Olympic Winter and Paralympic Games," said Connolly. "With Ericsson's partnership, we know that we have a reliable and proven solution."

"We are honored to once again partner and support the coverage and production of the Olympic Winter Games," said Ruiz. "By providing our leading video compression solutions and services, including our market leading encoder and receiver technologies, we are ensuring the highest levels of performance, efficiency and reliability for the broadcast of this prestigious event."

The Ericsson solution includes its AVP 2000 contribution encoders and its RX8200 Advanced Modular Receivers.

About NBC Olympics

A division of the NBC Sports Group, NBC Olympics is responsible for producing, programming and promoting NBC Universal's Olympic coverage. It is renowned for its unsurpassed Olympic heritage, award-winning production, and ability to aggregate the largest audiences in U.S. television history.

For more information on NBC Olympics' coverage of the PyeongChang Olympics, please visit: http://nbcsportsgrouppressbox.com/

About Ericsson

Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 100,000 experts who provide customers in 180 countries with innovative Solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2017 were SEK 201.3 billion (USD 23.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

CONTACT:

Press Office:

Ericsson Corporate Communications

Torshamnsgatan 21, Kista 164 83 Stockholm

+46-10-719-69-92

media.relations@ericsson.com

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NBC Olympics selects Ericsson for its production of 2018 Olympic Winter Games in PyeongChang

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NBC OLYMPICS SELECTS ERICSSON

Cision Completes Debt Repricing Transaction; Reduces Annual Cash Interest Expense by Approximately $12 Million, Providing Increased Operational Flexibility

CHICAGO, Feb. 8, 2018 /PRNewswire/ -- Cision Ltd. ("Cision" or the "Company") (NYSE: CISN), a leading global provider of software and services to public relations and marketing communications professionals, today reported that it completed its previously announced repricing of the Company's $1,417 million First Lien Senior Secured Term Loan. The first lien credit agreement consists of a $75 million revolving loan facility and a $1,342 million term loan facility. The term loan facility consists of $1,032 million of US Dollar borrowings and ?249 million of Euro borrowings. The term loans and revolving borrowings are priced at an interest rate of LIBOR + 325 for USD borrowings and EURIBOR + 350 for Euro borrowings. The Company estimates that the 100 basis point reduction on USD borrowings and the 75 basis point reduction on Euro borrowings will reduce its annual cash interest costs by approximately $12 million.

Cision logo.

Jack Pearlstein, Cision's Chief Financial Officer commented: "We are pleased to have concluded this repricing transaction on such beneficial terms.  The repricing will provide us with significant annual cash interest savings and represents another step in our ongoing effort to reduce interest expense, drive increased cash flow and, by extension, drive incremental value for our shareholders."

Forward-Looking Statements

This communication contains "forward-looking statements" within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as "anticipate," "intend," "plan," "goal," "seek," "aim," "strive," "believe," "see," "project," "predict," "estimate," "expect," "continue," "strategy," "future," "likely," "may," "might," "should," "will," "would," "target," similar expressions, and variations or negatives of these words. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations, and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Accordingly, you should not place undue reliance on these statements, as actual results may vary materially. A detailed discussion of some of the risks and uncertainties that could cause our actual results and financial condition to differ materially from the forward-looking statements is described under the caption "Risk Factors" in our most recent quarterly report on Form 10-Q filed on November 9, 2017, along with our other filings with the U.S. Securities and Exchange Commission. Any forward-looking statement made by us in this communication is based only on information currently available to us and speaks only as of the date of this report. We do not assume any obligation to publicly provide revisions or updates to any forward-looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws. Please consult our public filings at www.sec.gov or www.Cision.com.

About Cision 
Cision Ltd. (NYSE: CISN) is a leading global provider of earned media software and services to public relations and marketing communications professionals. Cision's software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact. Cision has over 3,000 employees with offices in 15 countries throughout the Americas, EMEA, and APAC. For more information about its award-winning products and services, including the Cision Communications Cloud®, visit www.cision.com and follow Cision on Twitter @Cision.

Investor Contact:
Jack Pearlstein 
Chief Financial Officer 
Jack.Pearlstein@Cision.com

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Wirecard Offers Next Generation Consumer Touchpoints via Chatbots

ASCHHEIM, Germany, February 8, 2018 /PRNewswire/ --

  • Boon, Wirecard's own flagship product, will be Europe's first mobile payment app to offer the AI-based consumer interaction channel from Astute Solutions 

Wirecard, one of the leading global specialists for digital financial technology, will soon offer innovative, fully-digital and automated consumer interaction experiences via a Chatbot handling consumer enquiries. The fastest growing mobile payment solution in Europe, boon by Wirecard, will be the first mobile payment app to benefit from this new way of managing consumer interactions based on Deep Learning and Artificial Intelligence from Astute Solutions. Boon consumers in Europe will benefit from an industry leading, first-of-its-kind service from the Bot. Soon, Wirecard will expand this offering together with its partner Astute Solutions to more of Wirecard's business customers.

Within the last few years, Wirecard has already gained profound experience in using AI in its risk management systems and is now implementing AI in the field of consumer interactions and support. Based on Deep Learning technology, the Chatbots interpret the individual intent of each consumer and determine the best path for resolution. The Bots will continuously improve their capabilities by analyzing consumer interactions and accessing Wirecard's internal knowledge sources. Powered by natural language processing, Chatbots are able to provide individualized consumer support avoiding complex bureaucratic processes and waiting time by giving instant feedback.

Boon users will soon be able to get answers to their most frequent questions and support enquiries by accessing the support section managed by the Bot in natural language and receiving automated, intuitive and quick answers via the platform. In addition to meeting service and support needs, boon consumers will in the future be able to initiate basic transactions or commands within the boon ecosystem via the Astute Bot.

Richard Jones, Senior Vice President of Global Sales at Astute Solutions, said: "Customers have higher expectations than ever before when it comes to simple, yet sophisticated, services. Boon users will be able to use Astute Bot to interact with the innovative services being offered how they want, when they want."

Georg von Waldenfels, Executive Vice President Consumer Solutions at Wirecard, said: "By continuously expanding its value proposition, boon by Wirecard has become an advanced mobile payment ecosystem, which is far beyond payment-only. We are excited to soon be offering a further enhanced consumer interaction experience which is well advanced versus market standard."

About Wirecard:  

Wirecard AG is a global technology group that supports companies in accepting electronic payments from all sales channels. As a leading independent supplier, the Wirecard Group offers outsourcing and white label solutions for electronic payments. A global platform bundles international payment acceptances and methods with supplementary fraud prevention solutions. With regard to issuing own payment instruments in the form of cards or mobile payment solutions, the Wirecard Group provides companies with an end-to-end infrastructure, including the requisite licences for card and account products. Wirecard AG is listed on the Frankfurt Securities Exchange (TecDAX, ISIN DE0007472060, WDI). For further information about Wirecard, please visit http://www.wirecard.com or follow us on twitter @wirecard.

About Astute Solutions:

Astute Solutions builds intelligent software solutions for the world's best brands, enhancing engagement with their customer communities by contextually blending human and artificial intelligence. Astute's technology enables companies to provide more efficient customer service, protect their brands, and increase customer loyalty. See how at AstuteSolutions.com.


Wirecard media contact:
Wirecard AG
Jana Tilz
Tel.: +49(0)89-4424-1363
E-Mail: jana.tilz@wirecard.com


Turn on 5G: Ericsson Completes 5G Platform for Operators

WASHINGTON, Feb. 8, 2018 /PRNewswire/ -- Ericsson (NASDAQ: ERIC) finalizes 5G-readiness for operators by enhancing its 5G Platform with new solutions for the radio and core network.

Today, the company launches 5G Radio Access Network (RAN) commercial software, based on the recently approved first 3GPP 5G New Radio (NR) standard. It also introduces a new category of radio products called Street Macro ? a new site type that addresses the need of operators to grow in cities with limited available radio locations.

To capture growth opportunities presented by new 5G use cases, Ericsson expands its 5G Core System offering with new capabilities to support 5G NR and also enhances its Distributed Cloud solution.

Ericsson introduced its 5G Platform in February 2017 with additions made in September the same year. It comprises the 5G core, radio, and transport portfolios together with OSS/BSS, network services and security.

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks at Ericsson, says: "Operators who want to be early with 5G now have the essential pieces for launching 5G networks already this year. With our expanded platform, they will get more efficient networks as well as opportunities to create new revenues from emerging consumer and industrial use cases."

Giovanni Ferigo, CTO, TIM, says: "Ericsson is an important enabler of our 5G in-field innovation activities that span several cities in Italy. Together, last December ? marking an Italian record - we activated a 5G NR cell in the mmW frequencies in the city of Torino, reaching speeds above 20Gbps. We are looking forward to testing Ericsson's new solutions that will contribute to address the wide variety of use cases we are working on."

5G software ? enabling first-movers to launch 5G

Available in the fourth quarter of 2018, Ericsson's 5G radio network software provides multi-band support for global deployment. It will allow operators to use new frequency spectrum as it becomes available.

The 5G radio network software announced today complements Ericsson's already launched baseband and 5G radios. Operators can simply activate their 5G networks and take the first steps with commercial 5G capabilities and new applications leveraging advanced mobile broadband services.  

This will cater efficiently for growing data traffic and enable access to multimedia content, such as 4K/8K video streaming and virtual reality/augmented reality. According to Ericsson's new economic study of enhanced mobile broadband, evolution to 5G will enable 10 times lower cost per gigabyte than current 4G.

The radio offering is complemented with 5G Core commercial software optimized for 5G throughput, network capacity and scalability. Ericsson's Packet Core and Unified Data Management solutions will deliver enhancements throughout 2018 to efficiently support 5G services. These solutions can be further upgraded with new functionalities as the 3GPP 5G standard evolves. 

Ericsson Distributed Cloud ? accelerating 5G and IoT growth

Ericsson also evolves its Distributed Cloud offering for cloud application deployment across multiple sites - central, distributed, and edge. Managed, orchestrated, and perceived as one solution, it improves latency, security, and resilience, and fulfils regulatory requirements for 5G-enabled use cases. Ericsson Distributed Cloud combines the best of telecom and cloud to enable networks as open cloud platforms for all workloads, including telecom, consumer, and enterprise applications.

As part of the Ericsson Distributed Cloud, Ericsson will support deployments of hardware options in a multi-vendor framework. With fast deployable telecom-grade open software for remote upgrade and operation, Ericsson brings Software Defined Infrastructure (SDI) to the edge. To support efficient deployment of cloud native applications, Ericsson also expands the offering with support for containers in a distributed cloud infrastructure.    

Radio portfolio expanded ? supporting smooth evolution from 4G to 5G

Ericsson adds a new category of radio products for cities, which it calls Street Macro ? a new layer between macro and micro. These radios will be on building facades with a smaller footprint but the necessary strength to secure network efficiency and coverage.

Furthermore, the company unveils new radio products supporting Massive MIMO technology. These products enable a smooth evolution from 4G to 5G and address the need for increased capacity, while simplifying use for wider adoption.

All installed base radios from the Ericsson Radio System delivered since 2015 will be 5G NR-capable by a remote software installation.

Ed Gubbins, Senior Analyst, Global Telecom Technology & Software, at GlobalData, says: "The combination of Ericsson's new products and 5G support for radios already deployed in the field will give operators access to a very broad and flexible 5G portfolio. They will be able to move quickly into enhanced mobile broadband and address the new opportunities with industrial applications."

Roberto Kompany, Senior Analyst at Analysys Mason says: "Reduced latency, improved throughput, better security, reliability and regulatory compliance are all critical capabilities that operators must deliver for 5G use cases such as augmented reality, assisted factory and autonomous driving vehicles. A distributed cloud capability that enables cloud computing, storage and networking to be placed flexibly in central, regional and edge locations and which can be managed seamlessly, end-to-end, is an important component of a 5G platform."

For media kits, backgrounders, and high-resolution photos, please visit www.ericsson.com/press

Ericsson 5G Radio Dot gives big boost to indoor coverage

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 100,000 experts who provide customers in 180 countries with innovative Solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2017 were SEK 201.3 billion (USD 23.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

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Turn on 5G: Ericsson completes 5G Platform for operators

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Turn on 5G

Laird To Present Innovative Massive MIMO 5G Antenna Technology At Mobile World Congress 2018

BARCELONA, Spain, Feb. 8, 2018 /PRNewswire/ -- Global connectivity leader Laird (LRD: London) will be showcasing several first-of-their-kind wireless connectivity solutions at this month's Mobile World Congress 2018, February 26- March 1, 2018 at the Fira Gran Via in Barcelona Spain, it was announced today.

Smart Technology. Delivered.

Mobile World Congress 2018, a global premier mobile industry event will feature in-depth seminars and keynote presentations from industry experts, and exhibits that showcase cutting-edge mobile technologies, products and services. One highlight of Laird's presence at the conference will be their Massive MIMO 5G antenna technology that represents a major advancement in connectivity that will reshape expectations for what antennas can achieve in a 5G world.

"Laird is at the forefront of making our world a more connected place with wireless connectivity solutions that allow billions of consumer and commercial mobile devices to connect anywhere and anytime," said Jonathan Kaye, Product Director, Laird Connectivity Solutions. "I am particularly excited about what we are bringing to Mobile World Congress this year because the advancements represent a major step forward in the actual implementation of 5G networks."

In addition, Laird will be displaying the new indoor CFD Ultra Low Profile Multiple Input Multiple Output (MIMO) Low Passive Intermodulation (PIM) antenna, low-profile Phantom multiband antennas for vehicular and IoT applications and ultra-thin RFID antennas for rapid and accurate product tracking.

Laird experts also will be displaying a series of new connectivity products - from its RG1xx series LoRaWAN/Wi-Fi/BT Gateway with Ethernet to Laird's 60 Series 802.11 ac/a/b/g/n, 2x2 MU-MIMO + Bluetooth Series. They will also be introducing the new BL654 series of Bluetooth v5 + 802.15.4 + NFC modules and adapters that provide for BLE Long Range and BLE mesh capabilities.

Join Laird at Mobile World Congress 2018 to see and learn how Laird Connectivity Solutions can support your mission critical cellular, IoT and embedded wireless connectivity applications. Schedule a meeting with Laird in Hall 7 Stand 7C71 to discuss your wireless connectivity needs and applications now.

About Laird: Laird is focused on providing systems, components and solutions that protect electronics from electromagnetic interference and heat, and that enable mission critical connectivity through wireless applications and advanced antenna systems. Laird's products are critical to all sectors of the electronics industry, including transportation, industrial, medical, telecommunications, computing, and the mobile device sectors. A unit of Laird PLC, Laird employs nearly 9,700 employees at 48 locations, including 20 engineering and manufacturing facilities, 18 research and design centers, and 10 sales and administrative offices, in 19 countries worldwide.

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Waystream Continues to Grow in the Danish Market - Energi Fyn Acquires Access Equipment Worth SEK 6 million

STOCKHOLM, Feb. 8, 2018 /PRNewswire/ --

The new order includes access equipment in the form of Waystream ASR6000 and associated SFP (media converter). The order will be delivered immediately and will be used for new construction and upgrading of existing networks at Energi Fyn Bredbånd.
 
"We are proud to be part of Energi Fyn Bredbånd's ambitious fiber initiative. It is always especially fun with repeat customers because it confirms that our products and services create great value, "says Mats Öberg, CEO of Waystream.
  
Fibernet is the fastest growing broadband technology in Denmark. According to the Danish Energy Agency's report "Telecom Statistics - second half of 2016", the total number of broadband subscribers via fiber in Denmark increased by 12.2 percent from year-end 2015/2016 to year-end 2016/2017, which corresponds to approximately 55,000 new fiber subscribers. The total number of fiber subscribers at year-end 2016/2017 was approximately 506,000.

For more information, please contact:

Mats Öberg, VD Waystream
Mobile: +46(0)76-881-81-31
Email: mats.oberg@waystream.com

About Waystream   

Waystream sells and designs advanced digital infrastructure including switches and routers. With our products and expertise, we help telecom operators and service providers to offer reliable and user-centric network services with a high level of functionality. Our products are smart, easy to use and manage, and designed to create the best possible experience for the end user.

The company is traded on the NASDAQ First North. Waystream's Certified Adviser is FNCA Sweden AB.

This information is such that the Company is obligated to provide according to EU market abuse regulations. The information is delivered, by the supervision of above contact persons, to be published on February 8, 2018 at 08:31 CET

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Installed Ericsson Radio System Products Ready for 5G NR

WASHINGTON, Feb. 8, 2018 /PRNewswire/ --

  • All radio products within Ericsson Radio System delivered since 2015 will support 5G New Radio (NR) capability through remote software installation
  • Enables fast and smooth migration to 5G in existing bands, as well as fast coverage expansion of 5G services for operators

Ericsson (NASDAQ: ERIC) announces today its installed base of radio products from the Ericsson Radio System portfolio will be able to run 5G New Radio (NR). This capability will be achieved through a remote software installation.

This applies to more than 150 different radio variants in Ericsson Radio System that are active in more than 190 networks around the world, meaning that Ericsson Radio System legacy radios from 2015 can support 5G NR. This 5G NR readiness also applies to Ericsson's delivered micro radios in Ericsson Radio System and existing Radio Dot System products. In short, all Ericsson Radio System products are ready for 5G NR.

Fredrik Jejdling, Executive Vice President and Head of Business Area Networks, Ericsson, says: "We have a long history of strong backwards compatibility and our products and software are built for evolution ? with Ericsson, there is no need to rip and replace. Investments in Ericsson Radio System since 2015 will continue to bring operators value when the time is right to transition to 5G."

Daniel Staub, Head of Joint Mobile Group, Swisscom, says: "Today's news means that we can launch 5G services more efficiently with our future-proofed Ericsson Radio System products ? significantly boosting the long-term value of our network assets."

Operators will have the possibility to run 4G and 5G in the same band with the same radio and the same baseband. It will also be possible to share the spectrum between 4G and 5G with side-by-side carriers in the same band, and even with overlapping carriers using so-called 'Dynamic Spectrum Sharing' functionality.

According to the latest Ericsson Mobility Report, total global mobile data traffic is expected to grow eight times, while 5G subscriptions are forecast to reach 1 billion by the end of 2023. This puts increasing demand on operators to continue to expand capacity cost efficiently while addressing their 5G evolution at the same time.

Notes to Editors

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Ericsson is a world leader in communications technology and services with headquarters in Stockholm, Sweden. Our organization consists of more than 100,000 experts who provide customers in 180 countries with innovative Solutions and services. Together we are building a more connected future where anyone and any industry is empowered to reach their full potential. Net sales in 2017 were SEK 201.3 billion (USD 23.5 billion). The Ericsson stock is listed on Nasdaq Stockholm and on NASDAQ in New York. Read more on www.ericsson.com.

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Installed Ericsson Radio System products ready for 5G NR

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Ericsson Radio System ready for 5G NR

 

NetComm Wireless Selects Qualcomm Snapdragon X50 5G NR Modem Family for 5G Fixed Wireless

SYDNEY, Feb. 8, 2018 /PRNewswire/ -- NetComm Wireless Limited (ASX: NTC), a leading global developer of network access technologies, has selected Qualcomm Technologies, Inc., a subsidiary of Qualcomm Incorporated, to enable 5G Fixed Wireless with a focus on Enhanced Mobile Broadband (eMBB) for telecommunications operators worldwide.

NetcommWireless Logo

NetComm Wireless has joined a number of global original equipment manufacturers (OEMs) in selecting the Qualcomm® Snapdragon? X50 5G NR modem family for standard-compliant 5G product launches starting in 2019.

"eMBB (Enhanced Mobile Broadband) is likely to be one of the early use cases for 5G and is a natural evolution of NetComm Wireless' Fixed Wireless strategy, leveraging our expertise in high data rate broadband services. The Snapdragon X50 5G NR modem platform will enable NetComm Wireless to support early market adopters seeking to implement a 5G Fixed Wireless solution, an attractive solution for telecommunications operators looking to replace or augment traditional "fixed line" technologies such as copper or coaxial. Telecommunications operators looking to move early on 5G are already consulting with NetComm Wireless on how to utilise their spectrum assets and infrastructure upgrades to put in place their 5G Fixed Wireless eMBB strategy," said Steve Collins, CTO, NetComm Wireless.

"Qualcomm Technologies is working with NetComm Wireless and global OEMs to deliver next-generation 5G mobile experiences to consumers based on the Snapdragon X50 5G NR modem chipset," said Mike Finley, senior vice president, president Qualcomm North America and Australia, Qualcomm Technologies Inc. "Qualcomm Technologies has been at the forefront of paving the path to enhanced mobile broadband 5G NR connectivity by providing solutions with Gigabit LTE technologies to global operators and mobile devices today."

About NetComm Wireless

NetComm Wireless Limited (ASX: NTC) is a leading developer of Fixed Wireless broadband, wireless M2M/Industrial IoT and Fibre and Cable to the distribution point (FTTdp / CTTdp) technologies that underpin an increasingly connected world. Our Listen. Innovate. Solve. methodology supports the unique requirements of leading telecommunications carriers, core network providers, system integrators, government and enterprise customers worldwide. For over 35 years, NetComm Wireless has engineered new generations of world first data communication products and is now a globally recognised communications technology innovator. Headquartered in Sydney (Australia), NetComm Wireless has offices in the US, Europe/UK, New Zealand and Japan. Visit: www.netcommwireless.com.

Media resources:

Read the Qualcomm Technologies' announcement: https://www.qualcomm.com/news/releases/2018/02/08/global-oems-select-qualcomm-snapdragon-x50-5g-nr-modem-family-mobile-device

Qualcomm and Snapdragon are trademarks of Qualcomm Incorporated, registered in the United States and other countries.

Qualcomm Snapdragon is a product of Qualcomm Technologies, Inc. and/or its subsidiaries.

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IFS Offers New Product Functionality to Support GDPR Compliance

LINKÖPING, Sweden, Feb 8, 2017 /PRNewswire/ -- IFS, the global enterprise applications company, announces that new functionality has been released for IFS Applications? to support General Data Protection Regulation (GDPR) compliance. The enhancements to IFS Applications empower IFS customers with important capabilities that facilitate compliance with the new regulation, which comes into effect on May 25, 2018. A similar update for IFS Field Service Management? will be released in Q1 2018.

GDPR compliance is supported by the new functionality that is included in IFS Applications 9 as of update 10 and onward, which is available now. Similar functionality will support IFS Field Service Management 5.7 from update 3 and onward from late Q1 2018.

The new functionality will support compliance with GDPR requirements through all the key processes related to personal data management:

  1. Lawful collection: According to GDPR, personal data is to be collected solely for specific defined purposes and only stored for as long as necessary for such purposes. The new functionality facilitates this by allowing each data subject to be identified and have one or more defined purposes for personal information processing attached to them, including durations, where each can be associated with one or more lawful basis for processing.
  2. Secure storage: Personal data must be entered and stored securely within systems used for its processing and in accordance with the access permissions necessary for the purpose for which it has been collected. Complementing the existing mechanisms for role-based data access, the new functionality facilitates this by providing a set of dedicated mechanisms and windows facilitating management of data subjects, personal information items, purpose of data processing, data removal and anonymization, and date-controlled consent.
  3. Secure recall/relay: Having the ability to recall and relay the data is an essential component of GDPR compliance. The new functionality facilitates this by introducing a new standard report which can be run for a specific data subject recorded within IFS Applications or IFS Field Service Management, and outputs relevant information including all data held, the purposes for which the data is held with relevant expiration dates and the legal basis to which the data and purposes comply.
  4. Secure maintenance/removal: Three of the key requirements under GDPR are to maintain up to date records, the right of the data subject to be forgotten, and the need for the data controller to retain records for lawful purposes other than consent. The new functionality facilitates this by providing capabilities to support data maintenance processes. It provides the data controller with the possibility to clean up data, remove, or anonymize it (as appropriate), depending on the data subject's preference or the expiration of the data retention period.
  5. Lawful usage: Holding personal data in the system and being able to recall, report and remove data when required is essential and all of it relies on correct setup, maintenance and usage of personal information which in turn is reliant upon ease of access, visualization of data and the ability to be informed. The new functionality facilitates this by providing a single entry point to access and control the purposes and basis for processing.

"By enhancing IFS Applications and IFS Field Service Management with GDPR compliance support, we offer our customers integrated and intuitive software functionality to facilitate compliance with the new regulations that enter into force in May this year," said Steve Treagust, Global Industry Director of Finance, HCM and Strategy at IFS. "In addition to supporting GDPR compliance, the new capabilities will also enable companies to improve data management processes to enhance data quality with more relevant data, and reduce the quantity of irrelevant data, resulting in significant cost reductions."

Read more about GDPR compliance on the IFS Blog.

About GDPR

The EU General Data Protection Regulation (GDPR) replaces the Data Protection Directive 95/46/EC and was designed to harmonize data privacy laws across Europe, to protect and empower all EU citizens data privacy and to reshape the way organizations across the region approach data privacy. The enforcement date is 25 May 2018. You can find more information here.

CONTACT:

Anders Lundin
PR Manager for IFS Strategic Marketing and Communications.
Phone: +46-8-58-78-45-00
press@ifsworld.com

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Publicis Groupe CEO Interview - FY 2017 Results (Video)

PARIS, February 8, 2018 /PRNewswire/ --

Publicis Groupe, the world's third largest communications group, has just released its annual results for 2017. Arthur Sadoun, CEO of Publicis Groupe, comments on results and outlook.

Watch video interview and read transcript: 

https://www.eurobusinessmedia.com/video/publicis-fy-2017-results?utm_source=ceo-direct&utm_medium=wire

Topics covered in the interview include: 

- 2017 highlights
- 2017 results
- Performance by geography
- 2017 margin & dividend
- Transformation
- Outlook

About Publicis Groupe - The Power of One  

Publicis Groupe [Euronext Paris FR0000130577, CAC 40] is a global leader in marketing, communication, and digital transformation, driven through the alchemy of creativity and technology. Publicis Groupe offers its clients seamless access to its tools and expertise through modular offering. Publicis Groupe is organized across four Solutions hubs: Publicis Communications (Publicis Worldwide, Saatchi & Saatchi, Leo Burnett, BBH, Marcel, Fallon, MSL, Prodigious), Publicis Media (Starcom, Zenith, Spark Foundry, Blue 449, Performics & Digitas), Publicis.Sapient (SapientRazorfish & Sapient Consulting) and Publicis Health. These 4 Solution hubs operate across principal markets, and are carried across all others by Publicis One, a fully integrated service offering bringing together the Groupe's expertise under one roof. Present in over 100 countries, Publicis Groupe employs nearly 80,000 professionals.

http://www.publicisgroupe.com | Twitter : @PublicisGroupe | Facebook : http://www.facebook.com/publicisgroupe | LinkedIn : Publicis Groupe | http://www.youtube.com/user/PublicisGroupe | Viva la Difference!


News archive of February 2018


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