Day: July 28, 2021

BOSTON, July 28, 2021 (GLOBE NEWSWIRE) — Extreme event modeling firm AIR Worldwide estimates insured losses in Germany from July flooding could approach EUR 5 billion. AIR Worldwide is a Verisk (Nasdaq:VRSK) business.

Low pressure system “Bernd” parked itself over central Europe and brought about significant flooding from July 13 to 18. Germany’s Rhineland-Palatinate and North Rhine-Westphalia regions were particularly affected, experiencing heavy and, in some cases, historic rainfall amounts, with the border region between the German states of Bavaria, Thuringia, and Saxony being affected by localized flooding as well.

Impacted German rivers with notable gauge readings include the tributaries of the Mosel and Rhine rivers, some of which reached historically high levels. One area that was especially hard hit is the Ahr valley, which is named after the Ahr River, a left tributary of the Rhine River in Germany. All along the Ahr River, homes were flooded and bridges were broken; in the village of Schuld most buildings were destroyed.

Also heavily affected were the mountainous areas in the border region between the southeasternmost region of Germany and the Austrian states of Salzburg and Tirol. Affected communities include Hallein, Kufstein, and various communities in the region of Berchtesgaden. Communities in the German state of Saxony were also affected—especially in the mountain range Saxon Switzerland.

The restoration of infrastructure such as water and gas pipes, power lines, and roads could take weeks or even months, according to some estimates, which could lead to loss inflation effects.

To produce the loss estimates, AIR analyzed hourly precipitation fields over Germany derived from NASA’s Global Precipitation Measurement (GPM) system during July 5 to 19. Daily observed rainfall data from over 1,600 gauging stations, obtained from the Climate Data Center at Deutsche Wetterdienst (DWD), was also assimilated to improve the quality of the GPM precipitation input. As the vast majority of losses for this event within Germany came from the catchments of the Rhine and Danube basins, the loss estimate is limited to these two river basins within Germany.

River flow data from more than 900 gauging stations in the Rhine and Danube river basins within Germany, obtained from country’s provincial and federal agencies, was used to calibrate and validate the modeled flows.

Included in AIR’s estimates are losses to insured physical damage to property (residential, commercial, industrial, auto, agriculture), both structures and their contents, from both on- and off-floodplain flooding. Other countries and regions that experienced flooding include Belgium, Switzerland, Austria, Luxembourg, and the Netherlands’ southernmost province Limburg, but these regions are not included in AIR’s loss estimate.

AIR notes that many reinsurance contracts are subject to an hours clause (typically 504 hours for flood events). Given the duration of this event, AIR expects the flood to be treated as a single occurrence in Germany.

About AIR Worldwide
AIR Worldwide (AIR) provides risk modeling solutions that make individuals, businesses, and society more resilient to extreme events. In 1987, AIR Worldwide founded the catastrophe modeling industry and today models the risk from natural catastrophes, terrorism, pandemics, casualty catastrophes, and cyber incidents. Insurance, reinsurance, financial, corporate, and government clients rely on AIR’s advanced science, software, and consulting services for catastrophe risk management, insurance-linked securities, longevity modeling, site-specific engineering analyses, and agricultural risk management. AIR Worldwide, a Verisk (Nasdaq:VRSK) business, is headquartered in Boston, with additional offices in North America, Europe, and Asia. For more information, please visit www.air-worldwide.com.

Kevin Long
AIR Worldwide
+1-617-267-6645
klong@air-worldwide.com

TEMECULA, Calif., July 27, 2021 (GLOBE NEWSWIRE) — Nikkiso Cryogenic Industries’ Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce they have completed the recommissioning of an Air Separation plant in Patancheru, Hyderabad India. This project was done in coordination with the Telangana government (TEL), and Greenko Foundation (GKO).

Due to the ongoing pandemic crisis in India, the Indian government initiated a directive to restart the operation and LOX production to meet the urgent demands for medical oxygen. GKO has taken the old shut-down Oxygen plant on rental basis from Air Water India Private Limited (AWI) for period of (2) two years.

In May 2021, the Group partnered along with GKO in recommissioning of the plant. Nikkiso Cryogenic Services provided critical technical support and spare parts, including nozzle actuators and vibration components, and Nikkiso Cosmodyne India Pvt. Ltd. provided field service support. Critical components which typically take 12-14 weeks were provided in three days to support this urgent request. By June 22^nd, the site was fully operational again.

“We are proud to have played a role in this fight against COVID, and of the technology and teamwork it took to get this facility up and running in such short time,” according to Jim Estes, President, Nikkiso Cryogenic Services.

The Group has been instrumental in providing continuous global support for the critical oxygen supply throughout the COVID epidemic.

ABOUT CRYOGENIC INDUSTRIES
Cryogenic Industries, Inc. (now a member of Nikkiso Co., Ltd.) member companies manufacture engineered cryogenic gas processing equipment and small-scale process plants for the liquefied natural gas (LNG), well services and industrial gas industries. Founded over 50 years ago, Cryogenic Industries is the parent company of ACD, Cosmodyne and Cryoquip and a commonly-controlled group of approximately 20 operating entities.

For more information, please visit www.nikkisoCEIG.com and www.nikkiso.com.

MEDIA CONTACT:

Anna Quigley
+1.951.383.3314
aquigley@cryoind.com

BRIDGEWATER, N.J., July 27, 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (NASDAQ: SNCR), a global leader and innovator of cloud, messaging and digital products and platforms, today announced the appointment of Christina “Chrissy” Gabrys as Chief Legal Officer. Gabrys succeeds Ronald Prague who is stepping down after 15 years with the company to pursue other interests. In her new role, Gabrys will oversee all legal affairs for the company.

“Ron has played a significant role in shaping the Synchronoss that we are today. His leadership in negotiating and closing customer agreements, completing acquisitions and the company’s other financial endeavors – including his contribution to the successful recent recapitalization of the company – has been invaluable and he will be greatly missed,” said Jeff Miller, President and CEO of Synchronoss. “I would like to thank Ron for all he’s contributed to the business. We will always consider him part of the Synchronoss family and wish him well in his new endeavors. Ron also has put in place a thorough transition plan that will allow Chrissy to quickly assume her new responsibilities as we welcome her to the senior leadership team.”

Gabrys most recently served as Synchronoss’ Assistant General Counsel and Chief Compliance Officer where she worked with global customers and partners. As the company’s Chief Compliance Officer, she updated its compliance program to ensure best practices for corporate policies and procedures and governance across the organization. Gabrys joined Synchronoss as part of its acquisition of Openwave Messaging where she was legal counsel for the Americas and APAC.

“I am honored to assume the position of Chief Legal Officer and look forward to working with Synchronoss team members across the globe to empower our customers to connect with subscribers in trusted and meaningful ways,” said Gabrys. “I also want to express my sincere appreciation to Ron. His mentorship and diligent planning has paved the way for a seamless transition as I begin this new role.”

About Synchronoss
Synchronoss Technologies (NASDAQ: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com

Media Contacts

For Synchronoss:
Anais Merlin, CCgroup UK
Diane Rose, CCgroup US
E: synchronoss@ccgrouppr.com

Investor Contact
For Synchronoss: Todd Kehrli/Joo-Hun Kim, MKR Investor Relations, Inc., E: investor@synchronoss.com

Accelerate is a natural extension of HIMSS’s origins and foundation as a member-driven society

CHICAGO, July 27, 2021 (GLOBE NEWSWIRE) — Today, Accelerate has entered the global health ecosystem as a purpose-built digital platform that drives 365 healthcare transformation by connecting health professionals to insights from peers and thought leaders, professional development tools, networking opportunities and curated content—anytime, anywhere.

Accelerate’s initial development has come from HIMSS, the global advisor and thought leader supporting the transformation of the health ecosystem through information and technology.

Accelerate is a natural extension of HIMSS’s origins and foundation as a member-driven society, and is an innovative solution aimed to support members, partners and the global health ecosystem 365 days a year.

Hal Wolf, the president and CEO of HIMSS, emphasizes: “Global operations, decades of experience, and thousands of members provide HIMSS with the critical scale and expertise required to execute such an ambitious pursuit. With unparalleled relationships among healthcare providers, industry executives, and public entities, Accelerate will be a digital platform that convenes a variety of health stakeholders.”

With Accelerate, professionals from all parts of the healthcare ecosystem have access to a highly personalized platform tailored to their unique needs. Organizations benefit from radically improved ways of managing, supporting, and developing their staff and members. Suppliers enjoy unmatched access to market insights, as well as innovative ways to engage with customers. Additionally, Accelerate will seamlessly integrate with curated 3rd party offerings—thereby empowering industry-leading partners to distribute their digital products and services through the platform 365 days a year.

“HIMSS membership has nearly doubled in the last four years to 110,000, with more than 36,000 living outside of North America. Last year underscored our commitment to respond and support our community and mission in dynamic ways and that we need capabilities to reach and support our members when they need it,” said Wolf. “HIMSS has lead the investment in Accelerate and helped it launch, and the platform will be an asset to not only HIMSS members, but to the global health ecosystem at large.”

Starting today, Accelerate is available to all HIMSS members, individual users, as well as to enterprises, organizations, and associations interested in getting access for their members.

Interested parties are invited to join a strong set of already-committed organizations and become part of the launch. For more information, visit www.youraccelerate.com.

Karen D. Groppe
Senior Director, Strategic Communications
Mobile 312.965.7898 | Twitter @Karen_D_Groppe

Everest Group Assessment Focuses on Application and Digital Services in Banking

SOUTHBOROUGH, Mass., July 27, 2021 (GLOBE NEWSWIRE) — Virtusa Corporation, a global provider of digital strategy, digital engineering and IT services and solutions that help clients change and disrupt markets through innovation engineering, today announced it has been named a “Star Performer” and “Major Contender” in Everest Group’s Application and Digital Services (ADS) in Banking PEAK Matrix® Assessment 2021 – Global.

For the 11^th annual ADS in Banking assessment, Everest Group reviewed 27 global service providers. These evaluations examined each company’s market impact including market adoption, portfolio mix, and the value delivered. The assessment also took into account each service providers’ vision and strategy, scope of services offered, innovation and investments, and its delivery footprint. In this 2021 Global assessment, in addition to being positioned in the Major Contender category, Virtusa was also named as a “Star Performer,” which recognizes businesses that have demonstrated the strongest forward movement across market success and capabilities, year on year.

This distinction validates Virtusa’s Banking and Financial Services practice that pairs a deep understanding of the entire banking value chain with proven technology and platform capabilities. These include Virtusa’s Digital Transformation Studio, Digital Product Workbench, FinTech Lab, Gamified Metrics and more.

“We are thrilled Everest Group has named us a ‘Star Performer.’ This recognition provides incredible validation for commitment and growing success in serving the needs of banks around the world,” said Amit Bhute, global head, banking & financial services practice, Virtusa. “Banks today face incredible pressures from the Fintech community and consumers who are demanding new digital services that they can access from anywhere, anytime. Through our proven digital engineering capabilities, we are successfully helping banks undergo this critical digital transformation and introduce new services and solutions that will drive customer loyalty and long-term success.”

PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, products, and solutions. Likewise, providers of these offerings look to the PEAK Matrix® to gauge and calibrate their contributions against their peers.

About Virtusa
Virtusa Corporation is a global provider of digital business strategy, digital engineering, and information technology (IT) services and solutions that help clients change, disrupt, and unlock new value through innovation engineering. Virtusa serves Global 2000 companies in the Banking, Financial Services, Insurance, Healthcare, Communications, Media, Entertainment, Travel, Manufacturing, and Technology industries.

Virtusa helps clients grow their business with innovative products and services that create operational efficiency using digital labor, future-proof operational and IT platforms, and rationalization and modernization of IT applications infrastructure. This is achieved through a unique approach blending deep contextual expertise, empowered agile teams, and measurably better engineering to create holistic solutions that drive business forward at unparalleled velocity enabled by a culture of cooperative disruption.

Virtusa is a registered trademark of Virtusa Corporation.  All other company and brand names may be trademarks or service marks of their respective holders.

Media Contact:
Matt Berry
Conversion Marketing
(201) 370-9133
matt@conversionam.com