Category Archives: Industry News

Final call to enter Wales Business Awards 2024

Chambers Wales South East, South West and Mid is encouraging businesses across Wales to submit their entries for the Wales Business Awards 2024, ahead of the forthcoming deadline.

With just a week until the deadline, Thursday 29 February, businesses are now urged to enter to be in with a chance of winning a prestigious accolade.

The Wales Business Awards, organised by the Chamber and sponsored by Jardine Norton, recognise the very best from businesses across Wales.

Chamber members and non-members can submit their entries for free by completing an application form or uploading an audio or video entry.

Paul Butterworth, CEO of Chambers Wales South East, South West and Mid, said: “The Wales Business Awards are a brilliant way for businesses to shout about the incredible work they are doing, recognise their teams’ hard work and celebrate their successes in the company of the Welsh business community, ministers and dignitaries.

“We can’t wait to reward the achievements of Welsh businesses in May, which is why we are encouraging firms to get involved now and ensure they have submitted their entries before the deadline.”

There are 11 categories for businesses to enter this year, including: B2B Customer Commitment; B2C Customer Commitment; Digital Business of the Year; Diversity & Inclusion; Employee Engagement; Global Business of the Year; Green Business of the Year; Innovative Business of the Year; SME Exporter of the Year; Workplace Wellbeing; and Young Entrepreneur of the Year.

The Chamber will also be awarding ‘Wales Business of the Year’ at the ceremony on 16 May at The Vale Resort, which sees broadcaster Andrea Byrne return as host.

Entries can be submitted at https://cw-seswm.com/events/awards-2024-enter/ on or before Thursday 29 February.

Genesis Biosciences begins year with significant promotion

Genesis Biosciences has made a key promotion to drive innovation and ensure quality in its environmentally friendly microbial and antimicrobial product ranges.

Dr Kate Ledwoch has been promoted from Senior Scientist to Laboratory Manager.

Kate is an accomplished scientist whose work has previously been published in the British Journal of Hospital Medicine and the Journal of Hospital Infection. Her qualifications include a PhD in Applied Phycology from Cranfield University, an MSc in Biofuels Process Engineering and a BSc in Chemical Technology and Engineering.

Since joining Genesis Biosciences, Kate has excelled in spearheading important research and development (R&D) projects and has represented the company at numerous scientific conferences around Europe, raising industry awareness of Genesis’ innovative microbial technologies.

Stepping into her new role, Kate will play a pivotal part in driving R&D initiatives, optimising laboratory processes and ensuring the highest standards of quality and safety of their products.

On her promotion, Kate said: “I am delighted to be stepping into this new role and continuing to develop products with a purpose. Since joining Genesis Biosciences, I have seen firsthand how important our work is through its positive applications and, most importantly, how they are constantly being developed and improved.”

Dr Emma Saunders, General Manager at Genesis Biosciences, said: “We are very pleased to be promoting Kate to this position. She has shown exceptional leadership, strategic thinking, enthusiasm and is committed to fostering innovation, thus making her perfect for this role.

“I am confident that Kate’s vision and leadership will contribute significantly to our ongoing company success and commitment to scientific excellence.”

GS Verde Group admitted to secondary market platform JP Jenkins

GS Verde Group Limited shares now trading at JP Jenkins.

9th January 2024 – Shares in the GS Verde Group (www.gsverde.group) have been admitted to trade on JP Jenkins share dealing platform. The GS Verde Group is headquartered at The Maltings, East Tyndall Street, Cardiff, with additional offices in Bristol and Dublin, and is registered as a company in England and Wales under Companies House, company number 15101725.

The completion of the seven-figure raise gives the Group a £9m post-money valuation on the JP Jenkins platform, which is the UK’s oldest secondary market and has provided a marketplace for share trading for established household brands such as Dyson and Weetabix as well as football clubs such as Arsenal and Manchester City.

The GS Verde Group is a multi-discipline M&A advisory business advising businesses on corporate transactions such as business sales (including Trade Sale, Management Buy-Out and Employee Ownership structures), acquisitions, investment raises and corporate re-organisations.

Through its multi-discipline structure, the business combines Law, Finance, Tax and Communications to provide a ‘one team’ advisory support to businesses.

The award-winning business has experienced fast growth through both strategic acquisitions and organic demand.   With offices in Cardiff, Bristol and Dublin, the Group employs c.90 staff across a range of professional and support disciplines.

Having won accolades as leading Dealmakers in 2022 and 2023, the business has proven demand for the ‘one team’ offering, and is looking to accelerate its growth nationally and internationally, through further strategic acquisitions, as well as investment in technology by further developing its proprietary software platform AR:Deals.

JP Jenkins is a liquidity venue for unlisted or unquoted assets in companies, enabling shareholders and prospective investors to buy and sell equity on a matched bargain basis. JP Jenkins is a trading name of InfinitX Limited an Appointed Representative of Prosper Capital LLP (FRN950991).

Shareholders wishing to trade these securities can do so through their stockbroker. Trades will be conducted at a level that JP Jenkins is able to match a willing seller and a willing buyer. Trades can be conducted, and limits can be accepted, during normal business hours. Shareholders or potential investors can place limits via their existing UK-regulated stockbroker.

The indicative pricing for the ordinary shares (ISIN: GB00BNTZFL29), as well as the transaction history, will be available on the JP Jenkins website at https://jpjenkins.com/company/gs-verde-group/

Veronika Oswald, Commercial Director of J P Jenkins said: “At JP Jenkins corporate advisors are a core part of our ecosystem in supporting private companies in liquidity and secondary market solutions. GS Verde’s admission demonstrates how our platform can not only support growth companies, but in turn support a multi-discipline M&A advisory business such as GS Verde in their own growth ambitions too. We are delighted to be able to support GS Verde with their own liquidity solution from today.”

Nigel Greenaway, Co-Founder and CEO of GS Verde Group said: “We are delighted to be trading on the prestigious JP Jenkins platform, joining such a wealth of household names in doing so.   

 

There has been overwhelming interest in our business, and this step to join the secondary market, allowing private investment into our business is a milestone step in our journey.  The investment will allow us to grow through strategic acquisition in certain areas of the UK, as well as to add firepower to our dealmaking teams in Wales, the Southwest of England and Ireland.   We can also accelerate our investment into AR:Deals, GS Verde’s own proprietary technology.

For further information, please contact:

J P Jenkins Ltd.          

Veronika Oswald

Director           +44 (0)20 7469 0937

GS Verde Group Limited

Matthew Sutton

Company Secretary / Director       +44 (0)3330 107 8498

WBA Report Sets Out How Wi-Fi 6/6E Enables Industry 4.0

Autonomous Mobile Robots, Automatic Guided Vehicles, Augmented & Virtual Reality Use Cases Detailed with Industrial Internet of Things Deployment Guidelines

London, UK, June 29th 2022: The Wireless Broadband Alliance (WBA) today published “Wi-Fi 6/6E for Industrial IoT: Enabling Wi-Fi Determinism in an IoT World”. This paper explores how Wi-Fi’s latest features are ideal for meeting the unique, demanding requirements for a wide variety of existing and emerging IIoT applications. This includes manufacturing/Industry 4.0 and logistics, involving autonomous mobile robots (AMRs), automated ground vehicles (AGVs), predictive maintenance and augmented/virtual/mixed reality (AR/VR/MR).

For example, manufacturers are increasingly using IIoT sensors for vibration, temperature and lubricant viscosity to catch emerging equipment problems before they result in extensive, expensive downtime. Other IIoT sensors provide real-time insights about production output, inventory levels and asset locations. Wireless has become the preferred way to network these sensors because it’s faster and cheaper to deploy than copper or fiber.

“As more equipment is monitored, wiring becomes prohibitive,” the paper says. “Industry is moving towards the inclusion of wireless technologies to lessen the cost of obtaining more information about their processes. In one recent case in the oil and gas industry, moving to a wireless installation resulted in a 75% cost reduction in installation.”

Produced by the WBA’s Wi-Fi 6/6E for IIOT work group, led by Cisco, Deutsche Telekom and Intel the white paper provides an overview of Wi-Fi 6 and 6E capabilities that are ideal for sensors and other IIoT applications, such as:

  • Scheduled access (SA) enabled by trigger-based (TB) uplink (UL) orthogonal frequency domain multiple access (OFDMA) in Wi-Fi 6 provides the ability to reduce or eliminate contention and bound latency (e.g. 99 percentile). This leads to increased levels of determinism applicable to all real-time and IIOT applications.

 

  • Wi-Fi 6 provides many deterministic QoS capabilities, such as the traffic prioritization that is a key component of Time-Sensitive Networking (TSN) for Industry 4.0 applications. Another example is Multi-link operation (MLO), a capability that helps provide high reliability for applications that cannot tolerate any packet loss.

 

  • The Fine Timing Measurement (FTM) protocol specified in IEEE 802.11-2016 enables both time-synchronization but also precise indoor range and position/location determination. This can be used for Autonomous Mobile Robots (AMR) and Automatic Guided Vehicles (AGV) applications such as route planning, exception handling and safety-related aspects including collision avoidance based on proximity. This capability does not require additional Wi-Fi infrastructure, so manufacturers can implement it immediately, for instance as part of their Industry 4.0 migration.

 

  • The target-wake-time (TWT) feature added to Wi-Fi 6 provides more efficient power-save and scheduling enhancement. This capability is a good fit for battery-powered IIoT nodes that need to transmit only infrequently, such as a sensor that uploads data only when a motor’s temperature exceeds a certain threshold.

 

  • Wi-Fi 6E supports up to 1.2 GHz of spectrum, making it ideal for use cases that require both multi-Gb/s throughput and determinism, such as industrial AR/VR/MR and sensor fusion.

The 52-page report also includes RF/network deployment guidelines for factory, warehouse, logistics and other use cases. For example, it provides recommendations for leveraging 802.11ax/Wi-Fi 6 scheduling capabilities to optimize traffic patterns and manage critical QoS requirements. Another example is using high-gain directional antennas to increase channel re-use rates and work around metal racks and other signal-attenuating features commonly found in warehouses.

Current Projects

Over three dozen vendors, service providers and other organizations participated in developing the white paper, which describes many of their current projects. Examples include:

  • Cisco, Intel and partners are working on use cases involving AMR and AGV, where key requirements include <10-20ms latency, <50km/h speed and .99.9999% reliability.
  • Cisco and Mettis Aerospace are working on sensor applications, where requirements include very high reliability, low power consumption and high device density.
  • Further work taking place on video-AMR fusion use cases such as collision avoidance, where technical requirements include <20ms latency and <1ms jitter.
  • Cisco is working on safety control applications, which require <1-ms latency for applications such as automatically stopping a machine after a sensor detects that the person has left the operating position.
  • Cisco, Mettis Aerospace and Intel are working on AR/VR applications with resolutions up to 80K and 90fps, where throughput requirements can be as high as 100 Mb/s.
  • Cisco is working on automotive uses cases such as logistics in high-density storage lots, where <60dBm interference is key for reliable operation.

Tiago Rodrigues, CEO of the Wireless Broadband Alliance, said: “Wi-Fi has been a key enabler of the global IIOT market, which is on track to have a compound annual growth rate (CAGR) of about 23% between 2017 and 2023. Wi-Fi 6 and 6E are expanding capabilities by providing the multi-Gb/s data rates, additional spectrum, deterministic performance and other advanced capabilities necessary to support demanding applications such as Industry 4.0.”

Matt MacPherson, CTO, Cisco Wireless, said: “The next industrial evolution will not only depend on the ability to connect more things, but to also add greater reliability, intelligence and security. This can only be done when the world’s leading companies work together with progressive Industry 4.0 customers to explore and implement new, game-changing technologies. Cisco is proud of the work it has done with the WBA to ensure customers understand how, when and where to apply the latest innovations. It is because of advancements in wireless technology that Industrial IoT sits at the center of the forthcoming industrial revolution.”

Ahmed Hafez, VP of Network Convergence at Deutsche Telekom, said: “Deutsche Telekom’s industrial partners are demanding ubiquitous high performance wireless connectivity to take their production processes to the next level. Converged Access combining 5G cellular and Wi-Fi6/6E Networks will play a vital role to deliver comprehensively on their application and process demands in the near future”.

WSO2 Completes $93 Million Series E Growth Funding Round with the Investment from Info Edge

Info Edge, which joins lead investor Goldman Sachs Asset Management in the Series E, provides a strategic contribution to WSO2’s accelerated business expansion across India

WSO2, the leader in digital transformation technology, today announced that the company has completed its Series E funding round with the addition of RedStart Labs (India), a subsidiary of Info Edge Limited (NSE: NAUKRI). The move brings the total growth capital raised to $93 million. Info Edge joins lead investor Click here to enter text.Goldman Sachs Asset Management Private Credit (“Goldman Sachs”), which completed the first tranche of the Series E in November 2021. Info Edge, through its RedStart subsidiary, will contribute strategically to WSO2’s accelerated business expansion across India.

WSO2, with more than 800 customers in over 90 countries, has already established a strong presence in India. Over 35 leading enterprises in India—including government agencies and global leaders in financial services, communications, healthcare and technology—rely on WSO2’s products and solutions to drive their digital journeys and deliver innovative experiences to customers. Additionally, over 100 million consumers in India are interacting with these organisations using secure digital services powered by WSO2.

“Across India, we’re seeing growing demand for our uniquely integrated approach to uniting best-in-class API management and integration with identity and access management as more organisations embrace digital business models,” said Dr. Sanjiva Weerawarana, WSO2 founder and CEO. “RedStart, as part of Info Edge with its deep market understanding, extensive network, and success in investing in digital businesses like Zomato, will play a strategic role in helping us accelerate our growth and customer adoption in India.”

Since 2005, WSO2 has been delivering on its mission to democratise the development of modern applications and services with industry-leading, cloud native and Click here to enter text.open-source technologies for API management, integration, and customer identity and access management (CIAM). The company is now expanding upon these offerings with a new generation of platform-as-a-service solutions that further speed customers’ time to market and ability to innovate.

“We believe WSO2 operates at the intersection of two powerful trends of an increasingly API driven world coupled with a wider adoption of open-source software by large enterprises for the flexibility and adaptability to offer agile, personalised services and innovative use-cases for their customers,” said Amit Behl, a partner at Info Edge, who led the company’s investment in WSO2. “As digital transformation accelerates across Indian enterprises and also as open-source forms the foundation of government’s Digital India initiative, we expect India to emerge as a key market for WSO2 not only for its revenue potential but also for developer adoption.”

Rackspace Technology and Cohesity Partner to Offer Comprehensive Data Protection to Boost Business Resiliency Against Ransomware

Rackspace Technology has announced a strategic partnership with Cohesity to deliver multicloud managed backup and recovery solutions for Rackspace Technology customers globally. Under the partnership, Rackspace Technology will offer customers Rackspace Data Protection, a high-performance, software-defined Cohesity-Powered backup and recovery service that delivers cyber resilient managed backup and recovery across VMware-based clouds.

Cohesity DataProtect is the foundation of the Rackspace Data Protection solution which includes backup and recovery for VMware workloads and options such as advisory services and ransomware anomaly detection and remediation services. Rackspace Technology customers leveraging Rackspace Data Protection can gain access to several critical next-gen data management and protection advantages and efficiencies including:

  •  A Single, Simple Solution – Rackspace Data Protection simplifies global backup and recovery by replacing multiple point products with a single solution for on-premises or multicloud high-performance backup and recovery. It also allows organisations to protect and manage traditional and modern data sources from a single, global UI.
  •  Ransomware Remediation – Immutable snapshots help prevent ransomware from encrypting backup data, while machine learning-based anomaly detection can help uncover hidden threats and can play a key role in alerting customers to potential cyber attacks.
  •  Rapid Recovery at Scale – In the event of a cyber attack, natural disaster, or human error, fully hydrated snapshots can allow user admins with the right privilege to rapidly restore data at a granular level and applications to any point in time.
  •  Scaling While Shrinking Data and Storage Footprint – By eliminating complex and expensive on-premises forklift upgrades, organisations can easily scale without disruption. In addition, Rackspace Data Protection can optimise storage capacity and data mobility with global variable-length deduplication and compression to reduce customers’ data footprints and attack surface.

“The partnership with Cohesity gives our customers access to a proven, robust data protection solution that eliminates legacy backup silos and provides comprehensive protection against the array of rising data threats they are facing, including ransomware,” said Josh Prewitt, chief product officer at Rackspace Technology. “Customers can now manage and control data recovery from a single source, more efficiently store data, and eliminate potentially costly disruptions.”

Rackspace Technology is an industry recognised leader in providing VMware-based cloud services. Adding Cohesity’s data protection layer with integrated VMware Cloud Director (vCD) will help unify the efforts of SecOps and ITOps to better combat cyber threats and empower customers with self-service management. The managed service helps assure Rackspace Technology customers that their data and workloads running on VMware infrastructure are more resilient than ever.

“We are excited to engage in this partnership as it really addresses customers’ number one concern today, developing cyber resilience so they can quickly defend and if needed, rapidly recover data in the event of a cyber attack,” said John Theberge, vice president, global alliances, service providers and GSIs, Cohesity. “Our next-gen data management capabilities, including DataProtect, give Rackspace Technology customers a simple and powerful solution that can enhance their security posture, advance protection, and improve their business resiliency.”

Why Safe Workplaces Are A Business Asset

Ensuring safe workplaces is not a choice for organizations because every employee deserves them. Businesses need to go the extra mile to provide the best conditions for their workers, even more, in the new normal. Whichever domain you work in and whatever the scale of your organization, this is one area you cannot overlook. Besides considering a safe environment a legal, moral, and ethical responsibility, you must see it as an organizational asset. Let us explain why you must prioritize it at all times.

Higher productivity

Implementing relevant measures to protect your employees means they have fewer reasons to stress about personal safety. It is crucial in high-risk domains like construction sites and factories. The risks of accidents abound, and people tend to miss out on productivity when they focus more on preventing mishaps. But ensuring they are safe at all times enables them to give their best and deliver higher productivity. Your business can derive immense benefits from this investment.

Reduced absenteeism

Safe workplaces have fewer accidents, so you have to worry about employees being on leave while recovering from injuries. Absenteeism is always a concern because it hampers employee productivity even when they rejoin. Even if you get replacement workers, they often fall short in speed, accuracy, and efficiency. Moreover, training them can pinch your wallet. It is better to secure your workforce and minimize absenteeism in the first place.

Fewer compensation claims

Another good reason to invest in workplace safety is that it can protect you from compensation claims. Every time an employee sustains an injury at the job site, they will file a work accident claim for compensation. You may lose money, and the hassle of dealing with the insurance company is even more daunting. Moreover, your premiums increase every time a mishap occurs and a claim comes up. Creating a safe work environment is better than paying compensation and higher premiums in the long run.

Lower risk of fatalities

Besides workplace injuries, the risk of fatalities is an even bigger concern. They can hurt your business in more than one way. You will have to pay a massive amount as compensation to the deceased’s family. A fatality at the job site can lower the morale of the team. You cannot expect employees to be loyal to your business if they do not feel secure on your premises. Moreover, the idea of losing an employee due to a mishap is painful.

Reputational benefits

Employee retention plays a significant role in a company’s growth because people who stay contribute in the long run. Your reputation as an employer goes a long way in boosting retention, and workplace safety can help you build it. A good reputation also enables you to secure top talent in the competitive job landscape. So workplace safety makes a worthy investment and asset for any business.

Organizations are more safety-conscious than ever in the new normal. The right approach can take you on the growth route with a happy and productive workforce. Moreover, it consolidates the reputation of your brand.

 

Codasip appoints Functional Safety VP

Dave Higham’s expertise in ISO 26262 and security drives Codasip’s custom processor opportunities

Munich, Germany – 2 February 2022 – Codasip, the leading supplier of customizable processor IP, has appointed Dave Higham as the company’s Vice President of Functional Safety. His in-depth expertise in standards for functional safety and security will accelerate the application of Codasip’s RISC-V processor IP and Studio custom processor designer tools in the automotive and industrial sectors.

Higham will directly support customers looking to develop groundbreaking innovations using Codasip’s tools and development platform, particularly within areas such as Connected and Autonomous Vehicles. His expertise in the development of key industry specification ISO 26262 is of paramount importance, but his role is broader than that, reflecting how functional safety and security (such as ISO 21434) are key in many areas of technology.

Karel Masarík, Codasip’s Founder & President commented, “With his decades of experience at Delphi, one of the automotive industry’s Tier One technology suppliers, plus years of experience in multiple global semiconductor vendors, Dave brings to Codasip an unparalleled understanding of FuSa. I have no doubts that he will help Codasip customers maximize the opportunities of innovating in these markets, and to guide them intelligently through the safety requirements.”

Dave Higham, added, “Automotive is an obvious growth market for Codasip’s processor IP and Studio tools. But functional safety and security go hand in hand in many market areas too, where our customers expect these to be covered in any design conversation. Codasip has a unique ability to support customization and there are a number of architectural features we can enable to ensure safety and security are better by design, from the tools and methodology as well as in our standard products.”

Point of no return: 89% of consumers identify returns as priority for ecommerce retailers

  • 81% of consumers would write off a retailer if they saw issues with return process
  • 61% say easy returns result in exchanges over refund

London UK; 1st February 2022: 89% of consumers identify ease of returns as top priority when purchasing online. That’s according to new data from delivery experience platform Sorted, which found that retailers who get the returns process right will reap the most consumer loyalty.

The survey, consisting of 2,000 UK respondents, found that those with strong returns processes in place will also see a return on investment, with 61% saying they would be more likely to exchange a product bought online than get a refund if exchanging was made simpler.

Adversely, 81% say they would avoid ordering from an online retailer if they saw issues with their return process, a concern for retailers when 29% of consumers claim to have had an unsatisfactory returns experience in the last 12 months. The data also revealed that 44% would not re-order from an online retailer if they had experienced issues with their return process, and 36% would be reluctant to reorder from those retailers failing to provide clear returns details.

The need for seamless returns

The research also demonstrated a real hunger for proactive communications, with 77% saying that getting timely updates on the progress of their return, refund or exchange would make them more likely to purchase from that retailer again. Additionally, a quick and simple refund process (42%) and the ability to return via a local shop or a convenient location (26%) was revealed as crucial for customers.

Consumer expectations were also identified, with respondents saying they are more likely to be lenient with smaller retailers when it comes to returns. Alternatively, over nine in ten believe it is important for large corporate retailers to have a seamless returns process (94%).

The findings come at a time when ecommerce continues to soar, following a trend that has polarised retail since the onset of the pandemic. Shipping volumes through the SortedREACT platform increased by 429% during peak season (October to December 2021 vs the same period in 2020), meaning UK retailers have reached a critical point with the delivery and returns experiences they offer to consumers.

“In the aftermath of the Christmas peak, retailers are going to be dealing with an influx of returns. However, at every opportunity, a refund could become an exchange. Those who fail to offer quick and convenient ecommerce experiences will no doubt suffer in this competitive landscape,” shares Carmen Carey, CEO of Sorted.

“Retailers must learn that they can’t simply stop the brand experience the very moment an order reaches the customer’s door, but ensure a seamless process is carried right through the customer journey. With returns now a major point of differentiation for brands, retailers – big and small – must invest in the full post-purchase journey in order to both attract and retain the modern customer.”

Fast-Growing Distributor Nuvias Group Joins the Global Technology Distribution Council

The innovative European company serves more than 7,000 partners with leading-edge solutions enabling security, agility and manageability in Hybrid IT and unified communications.

Woking, UK — February 1st 2022 — The world’s leading consortium of technology distributors – the Global Technology Distribution Council (GTDC) – announced today the addition of the Nuvias Group to its membership, furthering its mission to drive channel success and strengthen the value of technology distribution.

Founded in 2015 by Rigby Private Equity, the Nuvias Group is now a $750M company with offices across Europe. The company’s highly skilled and experienced teams – in addition to its well-established relationships with world-class vendors – position the IT distributor to make a unique impact in 2022 and beyond.

“Nuvias Group is a model for what successful technology distribution will look like today and into the future,” said GTDC CEO Frank Vitagliano. “Their ability to flex and adapt to the changing needs of the channel will also help our organization to better meet the evolving requirements of today’s technology vendors, resellers and solution providers— as the world continues to shapeshift around us every day.”

The Nuvias Group’s focus areas include unified communications, cybersecurity and intelligent networks, with specialised solutions offered via an ecosystem of more than 40 highly skilled vendor partners in 16 European countries.

“We’re dedicated to providing ever-greater value to the IT channel our vendors and customers,” said CEO Simon England, who brings an extensive background in value added distribution, with previous leadership positions at Westcon Group, Azlan and Tech Data. “Joining forces with the GTDC only helps us to further that mission.”

The Nuvias Group has continued its organic and acquisitive growth over the past year, posting double-digit growth and acquiring highly specialized distributors to strengthen its presence and service in the UK, Benelux and the DACH region.