Daily Archives: June 29, 2021

Zoom to Acquire Kites GmbH

Kites Team to Help Enhance Zoom’s Machine Translation Capabilities

SAN JOSE, Calif. and KARLSRUHE, Germany, June 29, 2021 (GLOBE NEWSWIRE) — Zoom Video Communications, Inc. (NASDAQ: ZM) today announced it has signed a definitive agreement to acquire Karlsruhe Information Technology Solutions – Kites GmbH (“Kites”), a start-up dedicated to developing real-time Machine Translation (“MT”) solutions. The terms of the transaction were not disclosed.

Kites was founded in 2015 and has academic roots with Karlsruhe Institute of Technology, where co-founders Dr. Alex Waibel and Dr. Sebastian Stüker are faculty members. Kites’ talented team of 12 research scientists will help Zoom’s engineering team advance the field of MT to improve meeting productivity and efficiency by providing multi-language translation capabilities for Zoom users.

“We are continuously looking for new ways to deliver happiness to our users and improve meeting productivity, and MT solutions will be key in enhancing our platform for Zoom customers across the globe,” said Velchamy Sankarlingam, President of Product and Engineering at Zoom. “With our aligned missions to make collaboration frictionless – regardless of language, geographic location, or other barriers – we are confident Kites’ impressive team will fit right in with Zoom.”

“Kites emerged with the mission of breaking down language barriers and making seamless cross-language interaction a reality of everyday life, and we have long admired Zoom for its ability to easily connect people across the world,” said Dr. Waibel and Dr. Stüker. “We know Zoom is the best partner for Kites to help advance our mission and we are excited to see what comes next under Zoom’s incredible innovation engine.”

Dr. Stüker and the rest of the Kites team will remain based in Karlsruhe, Germany, where Zoom looks forward to investing in growing the team. Zoom is exploring opening an R&D center in Germany in the future. Dr. Waibel will become a Zoom Research Fellow, a role in which he will advise on Zoom’s MT research and development.

Forward-Looking Statements
This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 related to Zoom’s acquisition of Kites that involves substantial risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed or implied by such statements. Forward-looking statements in this communication include, among other things, statements about the potential benefits of the transaction, our development of our MT solutions, our ability to integrate the Kites team, and potential growth opportunities. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements. These assumptions, uncertainties and risks include that, among others, the possibility that the anticipated benefits of the transaction are not realized when expected or at all, division of management’s attention from ongoing business operations and opportunities, potential adverse reactions or changes to business or employee relationships, the ability to integrate Kites successfully, and other factors that may affect future results of Zoom. Additional 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” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the quarter ended April 30, 2021. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

About Zoom
Zoom is for you. We help you express ideas, connect to others, and build toward a future limited only by your imagination. Our frictionless communications platform is the only one that started with video as its foundation, and we have set the standard for innovation ever since. That is why we are an intuitive, scalable, and secure choice for individuals, small businesses, and large enterprises alike. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Visit zoom.com and follow @zoom.

About Kites
Karlsruhe Information Technology Solutions – Kites GmbH is a start-up company founded in 2015 by Dr. Sebastian Stüker and Dr. Alex Waibel with the express purpose of transforming the latest research in speech translation technology into viable products. Kites’ mission is breaking down language barriers and making seamless cross-language interaction a reality of everyday life. Kites aims to provide custom services to its customers in order to provide technology and services that fit and are operated and maintained at the necessary quality levels.

Zoom Press Relations
Colleen Rodriguez
Global Media Relations Lead

Zoom Investor Relations
Tom McCallum
Head of Investor Relations

Aratek unwraps 4-4-2 ten-print scanner for large-scale jobs

TAIPEI, June 29, 2021 /PRNewswire/ — Aratek recently launched the A900 ten-print fingerprint scanner designed specifically for heavy-duty use in large-scale implementations. The A900 is rated for superior image quality that exceeds strict standards set by the FBI for the use of Live-scan System (Rolls, plain & 4-finger) & Identification Flats (4-4-2 flats). The newest Aratek fingerprint […] read more

Aratek dévoile un décadactylogramme 4-4-2 pour des projets à grande échelle

TAIPEI, 29 juin 2021 /PRNewswire/ — Aratek a lancé récemment l’A900, un lecteur d’empreintes digitales faisant figurer les dix doigts, conçu spécialement pour une utilisation intensive dans des applications à grande échelle. L’A900 a été conçu pour fournir une qualité d’image supérieure qui dépasse les normes strictes établies par le FBI pour l’utilisation de systèmes Livescan (rouleaux, capacité de […] read more

Nikkiso Clean Energy & Industrial Gases Group Announces Formation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd in Malaysia

TEMECULA, Calif., June 29, 2021 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group (Group), a subsidiary of Nikkiso Co., Ltd (Japan), is proud to announce the creation of Nikkiso Clean Energy & Industrial Gases (SEA) Sdn. Bhd. effective 1st July 2021. This company represents the combining of our two Malaysia business units: Cryogenic Industries and Cryoquip in […] read more

Graduate Management Admission Council Recebe Novos Membros no Conselho

Novas adições refletem a perspectiva diversificada e global da comunidade de faculdades de business RESTON, Va., June 28, 2021 (GLOBE NEWSWIRE) — O Graduate Management Admission Council™ (GMAC™ – Conselho de Admissão de Gestão de Pós-Graduação), uma associação global de principais faculdades de pós-graduação em business, anunciou hoje a adição de quatro novos membros ao […] read more

Le Graduate Management Admission Council accueille de nouveaux membres au sein du conseil d’administration

Les nouveaux membres reflètent la perspective mondiale diversifiée de la communauté des écoles de commerce RESTON, Virginie, 29 juin 2021 (GLOBE NEWSWIRE) —  Le Graduate Management Admission Council™ (GMAC™), une association internationale d’écoles supérieures de commerce de premier plan, a annoncé aujourd’hui l’ajout de quatre nouveaux membres à son conseil d’administration. Katy Montgomery, doyenne associée […] read more

Synchronoss Technologies, Inc. Anuncia o Preço das Notas Seniores da Oferta Pública de US$125 milhões

BRIDGEWATER, N.J., June 28, 2021 (GLOBE NEWSWIRE) — A Synchronoss Technologies, Inc. (SNCR) (a “Empresa” ou “Synchronoss”), líder global e inovadora em nuvem, mensagens e produtos e plataformas digitais, anunciou hoje a oferta pública subscrita de notas seniores de US$125 milhões com vencimento em 2026 com valor principal agregado de 8,375%, incluindo o exercício integral […] read more

Synchronoss Technologies, Inc. annonce la tarification d’une offre publique de 125 millions de dollars de billets de premier rang

BRIDGEWATER, New Jersey, 29 juin 2021 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (SNCR) (la « Société » ou « Synchronoss »), un innovateur mondial de premier plan en matière de produits et plateformes numériques, de cloud et de messagerie, a annoncé aujourd’hui la tarification d’un appel public à l’épargne par voie de prise ferme portant sur un capital total […] read more

The Globe and Mail’s Sophi.io Wins Digiday Media Award

Digiday awards Best Publisher Platform to Sophi.io, a suite of artificial intelligence-powered automation, optimization and prediction tools developed by The Globe and Mail TORONTO, June 28, 2021 (GLOBE NEWSWIRE) — Sophi.io, The Globe and Mail’s artificial intelligence-based automation and prediction engine, won the 2021 Digiday Media Award for Best Publisher Platform, which recognizes technology that […] read more