Author: GLOBENEWSWIRE

DALLAS, Feb. 04, 2025 (GLOBE NEWSWIRE) — MODE Global, one of the world’s leading logistics companies, has announced a strategic partnership with Highway, a leader in Carrier Identity® and fraud prevention solutions. This collaboration aims to strengthen MODE Global’s network integrity, enhance operational efficiency, and elevate security across its extensive carrier network. Streamlined Onboarding and Risk Mitigation MODE Global’s decision to partner with Highway stems from the increasing prevalence of fraud within the logistics industry and the need for innovative tools to combat this challenge. Highway’s advanced fraud prevention capabilities and robust carrier sourcing tools perfectly align with MODE Global’s…

NEW YORK, Feb. 04, 2025 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the intersection of insurance and mobility, announced today that it eliminated $5.5 million in short-term payables in exchange for $1.65 million in cash. In July 2024, Roadzen launched a key initiative to strengthen its balance sheet, primarily by renegotiating and reducing payables associated with the going-public transaction and short-term debt. To date, the Company has improved its balance sheet as follows: Total Short-Term Liabilities Eliminated since Summer of 2024: $12.6 million $5.5 million: Eliminated through a cash payment…

SUNNYVALE, Calif., Jan. 30, 2025 (GLOBE NEWSWIRE) — GSI Technology, Inc. (NASDAQ: GSIT) today reported financial results for its third fiscal quarter ended December 31, 2024. Summary Financial Results Table (in thousands, except per share amounts)  Three Months Ended Nine Months Ended Dec. 31, 2024 Sept. 30, 2024 Dec. 31, 2023 Dec. 31, 2024 Dec. 31, 2023Net revenues$5,414  $4,550  $5,318  $14,635  $16,613 Gross margin (%) 54.0%  38.6%  55.9%  46.7%  55.2%Operating expenses$6,978  $7,341  $9,660  $15,400  $25,082 Operating loss$(4,055) $(5,584) $(6,685) $(8,559) $(15,917)Net loss$(4,029) $(5,458) $(6,601) $(8,409) $(15,766)Net loss per share, diluted$(0.16) $(0.21) $(0.26) $(0.33) $(0.63)                     Lee-Lean Shu, Chairman and Chief Executive Officer, stated, “In the third quarter, revenue reached $5.4 million, up 2% year-over-year and 19% sequentially. Our core SRAM sales are strengthening as customer orders rebound due to normalized inventory levels and increasing…

The Business Launcher simplifies the entrepreneurial journey by offering a personalized, end-to-end solution that translates users’ skills and experiences into viable business ventures NEW YORK – Wix.com Ltd. (NASDAQ: WIX), the leading SaaS website builder platform globally1, today announced the launch of the Business Launcher, an AI-powered tool that helps users create new business initiatives from concept to execution. The tool guides users through various steps of starting a new business, offering personalized ideas, actionable plans, and essential tools to create a website and launch a business.  Users begin by answering a few questions about their background, or by uploading…

HERNDON, Va., Jan. 30, 2025 (GLOBE NEWSWIRE) — SMX®, a leader in next-generation mission support, digital transformation, and IT solutions, announced today that it has been awarded the General Services Administration (GSA) One Acquisition Solution for Integrated Services+ (OASIS+) Unrestricted Indefinite Delivery, Indefinite Quantity (IDIQ) Contract. This Government-wide, multi-agency contract program is designed to provide innovative and flexible solutions for the most complex professional services requirements. On track to be designed as a Best-in-Class (BIC) contract acquisition vehicle, OASIS+ spans eight domains, with SMX securing contracts in five to include: Enterprise Solutions, Technical & Engineering, Intel Services, Management & Advisory and Logistics.…

DUBLIN, Ohio, Jan. 30, 2025 (GLOBE NEWSWIRE) — reAlpha Tech Corp. (Nasdaq: AIRE) (“reAlpha” or the “Company”), a real estate technology company developing and commercializing artificial intelligence (“AI”) technologies, is pleased to announce the appointment of Piyush Phadke as Chief Financial Officer, effective January 30, 2025. Mr. Phadke will succeed Rakesh Prasad, the Company’s Interim Chief Financial Officer, and he will oversee the Company’s financial and accounting operations, reporting directly to the Company’s President and Chief Operating Officer, Mike Logozzo. With over 20 years of experience in finance, capital raising and strategic leadership, Mr. Phadke brings a wealth of expertise…

COLORADO SPRINGS, Colo., Jan. 29, 2025 (GLOBE NEWSWIRE) — NetAlly, a global leader in handheld network test and cybersecurity solutions, is doubling down on its commitment to EMEA market growth with the appointment of Nathan Collins as Regional Vice President. Collins brings decades of expertise to lead the company’s ambitious expansion strategy, focusing on empowering partners and enhancing network resilience. NetAlly provides network test, management and security products for companies to better understand and secure their networks. Their solutions cover a range of network management requirements, from testing tools that technicians can use to troubleshoot network issues in seconds to…

VANCOUVER, British Columbia, Jan. 28, 2025 (GLOBE NEWSWIRE) — ThoughtExchange, the AI-powered survey and engagement platform, is pleased to announce that George Psiharis, former COO of Clio and AlayaCare, has been named Chief Executive Officer. Current CEO and co-founder, Dave MacLeod, led the leadership search and will take on new roles as President, Board Member, and Chief Product Officer, deepening his focus on ThoughtExchange’s R&D and innovations in AI. “For the past six months, I’ve been on an exciting journey to find a President and COO to help lead through our next stage of growth,” says Dave MacLeod. “Then I…

Toronto, ON., Jan. 28, 2025 (GLOBE NEWSWIRE) — Applied Systems® today announced the year-end and fourth quarter of 2024 results of the Applied Rating Index™, the Canadian insurance industry’s premium rate index. In Q4 2024, average premiums for both Personal Auto lines and Personal Property lines increased year over year. Quarter over quarter, premium rate change increased for Personal Auto and increased for Personal Property compared to Q3 2024.  For Personal Auto, all provinces experienced an increase year over year, with Alberta seeing the highest at 12.7% and the Atlantic Provinces the lowest at 9.0%. For Personal Property lines, all…

ALPHARETTA, Ga., Jan. 28, 2025 (GLOBE NEWSWIRE) — Summit, a leading provider of managed cloud hosting, data center services, and managed infrastructure solutions, is excited to announce the appointment of Andre Wu as its new Chief Executive Officer. Andre brings extensive leadership experience in the technology and managed services sectors, with a proven track record in building, developing, and leading high-performance teams. Prior to joining Summit, Andre held senior leadership positions at ACCSCIENT and RoundTower Technologies, where he successfully implemented organic and inorganic growth strategies and operational best practices. Reflecting on his vision, Andre shared, “At Summit, we have an…