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Rheaply Partners with the City of Chicago and World Business Chicago to Facilitate Affordable PPE Access for Local Small Businesses and Nonprofits

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Rheaply, a climate tech leader that combines a resource-sharing network with a user-friendly asset management platform, in partnership with the City of Chicago and World Business Chicago, has launched Chicago PPE Market, a program to facilitate access to personal protective equipment (PPE) for Chicagos small businesses and nonprofits.

As the city prepares to enter the next phase of reopening, many organizations are faced with the challenge of affordably acquiring supplies to help protect their workers from contracting or spreading COVID-19. To avoid supply chain bottlenecks and health risks, it is critical that these organizations gain access to these resources through a streamlined process.

To support safe and efficient reopening, the City of Chicago will enable access to protective shields, reusable face masks, and hand sanitizer through Rheaplys Asset Exchange Manager (AxM)„¢ at cost-controlled rates. Starting today, Chicago-based small organizations can sign up to use the platform for free, which will connect them with a network of local manufacturers and suppliers of these protective supplies. With Chicago PPE Market, small businesses and nonprofits can easily and affordably access the equipment and supplies necessary to keep staff and customers safe. The platform will go live on Tuesday, May 26.

I want to express my gratitude to our entire city, especially local businesses such as Rheaply, for their commitment, dedication, and sacrifice during these past few months, said Mayor Lori E. Lightfoot. The strength and mettle of our communities has really shown through during this crisis and given me renewed hope every day that not only will we get through this, but well come out of it stronger, better, and more powerful than weve ever been.

I had reached out to tons of vendors, but its been difficult or impossible to find basic supplies like masks, barriers, and sanitizer, said Karol Kocemba, owner and founder of Resistance Chicago, a new gym that was scheduled to open for the first time in March. Now that were going to open, its great to have a platform that connects businesses with the supplies we need, because its critical to have these resources.

Reopening this city safely means working together, said Garry Cooper, CEO and Co-founder of Rheaply. As a Chicago small business ourselves, we are committed to helping protect our community; using our technology to help other organizations access affordable protective supplies is how were putting that commitment into action.

For more information about Chicago PPE Market and to sign up, please visit www.chicagoppemarket.com.

About Rheaply

A leader in the circular economy, Rheaply (pronounced REE-plee) enables companies to share and sell physical assets within and between organizations on its modernized asset management platform. With Rheaplys Asset Exchange Manager (AxM)„¢, organizations in a number of verticals, including higher education, healthcare, technology, government, and retail, can gain transparency about and utilize available assets, which enables them to decrease procurement costs, storage costs, and unnecessary waste. To learn more about Rheaply, visit rheaply.com or follow @RheaplyInc.

About World Business Chicago

World Business Chicago (WBC) is a public-private, non-profit partnership that drives inclusive economic growth and job creation, supports business, and promotes Chicago as a leading global city. Launched in 2012 and governed by a council of tech and innovation leaders, ChicagoNEXT is WBCs dedicated initiative to drive inclusive growth and opportunity for Chicagos technology and innovation ecosystem. Their portfolio of programs include ThinkChicago, the Chicago Venture Summit and the Blackstone Inclusive Entrepreneurship Challenge.

Rheaply Media Contact

Delilah Bennett

3Points Communications

312.725.7950, ext. 701

[email protected]

City of Chicago Media Contact

Mayor’s Press Office

312.744.3334

[email protected]

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Jumia Announces the Completion of its At The Market Offering

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Jumia Technologies AG (Jumia), the leading pan-African e-commerce platform, announced that it has completed its at the market offering. All 7,969,984 ADSs offered by Jumia have been sold at an average price of $30.51 per ADS, generating aggregate gross process of $243.2 million. Proceeds, net of commissions and expenses, are expected to be $231.4 million. Jumia intends to use the net proceeds from this offering for general corporate purposes.

On November 30, 2020, Jumia filed a prospectus supplement with the Securities and Exchange Commission for the sale of 7,969,984 ADSs through an at the market offering with Citigroup Global Markets Inc. as Jumias agent.

About Jumia

Jumia is the leading pan-African e-commerce platform. Jumias platform consists of its marketplace, which connects sellers with consumers, its logistics service, which enables the shipment and delivery of packages from sellers to consumers, and its payment service, which facilitates transactions among participants active on our platform in selected markets.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, but are not limited to, statements concerning the use of proceeds from the offering. Risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption Risk Factors in Jumias registration statement on Form F-3. Forward-looking statements speak only as of the date the statements are made and are based on information available to Jumia at the time those statements are made and / or management’s good faith belief as of that time with respect to future events. Jumia assumes no obligation to update forward-looking statements to reflect events or circumstances after the date that they were made, except as required by law.

Safae Damir

Head of Investor Relations

[email protected]

Abdesslam Benzitouni

Head of PR and Communications

[email protected]

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MediaKind 2021 Sports D2C Forecast defines the future of direct-to-consumer services in the global sports rights-holders market

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MediaKind, a global change leader in media technology and services, unveils the MediaKind 2021 Sports D2C Forecast, the most significant analysis ever undertaken of the direct-to-consumer (D2C) OTT platforms owned and operated directly by sports rights-holders. The report explores a wide range of trends in the D2C sports space, including the use of live content, fan engagement, and monetization.

The MediaKind research shows that while most of the 40 rights-holders analyzed still define their D2C platform as complementary to broadcast coverage, most now see it as an essential part of their future distribution strategy for live sport and building direct touchpoints with fans. Almost three-quarters of the rights-holders analyzed offer some form of D2C service to their fans today through subscription packages, utilizing one or more of six entry points.

The findings reveal a 50-50 split between rights-holders. Half use their D2C service purely as a supplementary content hub, focusing on delivering high-quality video. The other half concentrates on making full use of OTT’s interactive possibilities, embedding fan engagement features into their services. In terms of distribution, 58% of the rights holders analyzed have a standalone D2C web domain, with the remaining 42% providing D2C services via a sub-domain of their main website. Just over a third of the total rights-holders offer their D2C service through a standalone mobile app.

MediaKind also highlights how current standalone D2C sports services are under-utilizing secondary monetization tools. None of the rights holders analyzed offer an integrated betting service. At the same time, features such as ticketing (utilized by 3% of rights-holders), merchandising (5%), and advertising (8%) remain rare, with greater priority placed on delivering a high-quality viewing experience and user interface. However, many rights-holders expressed concerns about how their future streaming service will stand up when faced with a high volume of concurrent live streams despite recent technological advances.

Raul Aldrey, Chief Product Officer, MediaKind, said: “The results of our study are clear “ rights-holders cannot afford to be without a D2C service moving forward. All 40 of the rights-holders have recognized how D2C services offer crucial, data-driven touchpoints with their fans and provide unique opportunities to enhance fan engagement and tap into new monetization streams. But the performance of these D2C platforms remains table-stakes and fundamental to attracting and retaining audiences long-term. Future D2C services must guarantee stability at scale, and the overall delivery must be at least as good as the broadcast-quality linear services that sports fans have been accustomed to and enjoyed for decades.”

Other key conclusions from the MediaKind 2021 Global Sports Forecast include:

  • Subscription models dominate: The majority of rights-holders who operate a D2C OTT service make it available as a subscription service. The subscription model is likely to be the dominant long-term business model.
  • The UX bar is rising from entertainment to engagement: There is an even split between rights-holders who use their D2C platform as a content hub only and those who are exploring a whole range of fan engagement tools to exploit OTT’s full capabilities.
  • Focus is on maximizing recurring revenues: The rights-holders analyzed provide six different types of entry points for fans. There is a clear need to generate guaranteed revenues in a subscription culture where immediate cancellation is made easy “ for example, heavily discounted annual passes to tie fans to the service long-term.
  • Opportunity for secondary monetization is mostly untapped: However, rights-holders must resolve the dilemma of whether to integrate secondary monetization verticals “ such as betting, ticketing, and merchandising “ on their D2C service to reach engaged fans behind a paywall or to put these features on their main website to reach wider audiences.

Aldrey added: “Streaming is a major part of sports media, with internet-based delivery now very much the present, as well as the future of media content distribution. The growing ubiquity of D2C platforms means they now form an essential part of any strategy for live sport “ regardless of whether they are a complementary service to broadcast coverage or the primary means of distribution. While current D2C services are largely representative of an emerging market, this sector is ripe for experimentation, exploration, trial and error, innovation, creativity, and risk-taking “ with big rewards for those that get it right.”

About this report

The MediaKind 2021 Sports D2C Forecast provides a global snapshot of the rapidly evolving developments in the sports media industry, offering unique insights into industry thinking and best practices around the role of D2C services.

Based on a combination of interviews with senior decision-makers at rights-holders and research conducted between May and October 2020, the report covers 40 sports rights-holders from across the US and EMEA which account for about three-quarters of the global value of the sports media rights market and where the vast bulk of D2C services are concentrated. These rights-holders include the four major US sports leagues, global and regional governing bodies, national associations, leagues and clubs. It encompasses the wealthiest rights-holders in sport, as well as niche sports and challenger events.

– ENDS “

NOTES TO EDITORS

The MediaKind 2021 Sports D2C Forecast

MediaKind commissioned The Sports Playmaker to conduct the analysis for the MediaKind 2021 Sports D2C Forecast.

The information collated on each D2C service covered in this report includes the following: business model, access/distribution method; pricing; content; fan engagement features used; and other monetization streams employed. Any information specific to a rights-holder, such as pricing or fan engagement tools, is public. If the D2C service is a subscription service, information is taken from rights-holders’ promotional material and official channels.

Any interviews included in the research were provided on a confidential basis, so there is no attribution of any information to specific sources. The quotes included are drawn from these interviews and are not attributed to particular individuals.

About MediaKind

MediaKind is a global change leader in media technology and services. Its mission is to deliver transformation by building a continuously better media universe alongside its customers and partners. Drawing on a pioneering industry heritage and fueled by innovation, MediaKind embraces and champions new standards, methodologies, and next-generation, immersive live and on-demand media experiences worldwide. Its end-to-end media solutions portfolio includes Emmy award-winning video compression for contribution and direct-to-consumer video service distribution, advertising and content personalization, high-efficiency cloud DVR, and TV and video delivery platforms. For more information, please visit: www.mediakind.com

About The Sports Playmaker

The Sports Playmaker brings new technologies and innovative companies to the sports sector. It enables growth for its clients in the following ways:

  • identifying revenue streams for clients new to the sector and shapes market entry and product development through the provision of market intelligence and advisory services;
  • supporting clients with sales and marketing thanks to its extensive network within the sports industry; and
  • sourcing funding where capital injection is required from its roster of sports investment funds.

For more information, please visit: www.thesportsplaymaker.com

Esme Horwood

[email protected]

+44 (0)20 7486 4900

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Insights on the Cloud Backup And Recovery Market 2020-2024: COVID-19 Industry Analysis, Market Trends, Market Growth, Opportunities and Forecast 2024 – Technavio

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The cloud backup and recovery market is expected to decline by $ 11.36 billion, decelerating at a CAGR of almost 17% during the forecast period.

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The stringent security rules and regulations to secure customer data is one of the major factors propelling market growth. However, factors such as increasing incidences of data breaches will hamper the market growth.

More details: https://www.technavio.com/report/cloud-backup-and-recovery-market-industry-analysis

Cloud Backup And Recovery Market: End-user Landscape

Based on the end-user, the ICT segment is expected to witness lucrative growth during the forecast period.

Cloud Backup And Recovery Market: Geographic Landscape

By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the markets overall growth is expected to originate from North America. The US and Canada are the key markets for cloud backup and recovery in North America.

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  • Biochip Market by Technology and Geography – Forecast and Analysis 2020-2024- The biochip market size has the potential to grow by USD 19.71 billion during 2020-2024, and the markets growth momentum will accelerate during the forecast period. To get extensive research insights: Click and get a FREE sample report in minutes
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Companies Covered:

  • Acronis International GmbH
  • Asigra Inc.
  • Commvault Systems Inc.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • Rackspace US Inc.
  • Redstor
  • Veeam Software Group GmbH
  • Veritas Technologies LLC

What our reports offer:

  • Market share assessments for the regional and country-level segments
  • Strategic recommendations for the new entrants
  • Covers market data for 2019, 2020, until 2024
  • Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
  • Strategic recommendations in key business segments based on the market estimations
  • Competitive landscaping mapping the key common trends
  • Company profiling with detailed strategies, financials, and recent developments
  • Supply chain trends mapping the latest technological advancements

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

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Key Topics Covered:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • ICT – Market size and forecast 2019-2024
  • Manufacturing – Market size and forecast 2019-2024
  • BFSI – Market size and forecast 2019-2024
  • Healthcare – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume drivers “ Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Accenture Plc
  • Alphabet Inc.
  • Amazon.com Inc.
  • Asigra Inc.
  • Dell Technologies Inc.
  • Hewlett Packard Enterprise Co.
  • International Business Machines Corp.
  • Microsoft Corp.
  • NetApp Inc.
  • Oracle Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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Editorial & Advertiser disclosureOur website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
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