Author name: Team Techbeat

Apps, Featured

Newtopia Engages ICP Securities Inc. for Automated Market Making Services

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TORONTO, March 22, 2024 /CNW/ – Newtopia Inc. (“Newtopia“) (TSXV: NEWU) (OTCQB: NEWUF), a tech-enabled whole health platform creating sustainable habits that prevent, slow and reverse chronic disease, is pleased to announce that it has engaged the services of ICP Securities Inc. (“ICP”) to provide automated market making services, including use of its proprietary algorithm, ICP Premium™, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation. ICP will receive a fee of C$7,500 plus applicable taxes per month, payable monthly in advance. The agreement between the Company and ICP is for an Initial Term of three (3) months and shall be automatically renewed for subsequent one (1) month terms (each month called an “Additional Term“) unless either party provides at least thirty (30) days written notice prior to the end of the Initial Term or an Additional Term, as applicable. There are no performance factors contained in the agreement and no stock options or other compensation are being granted in connection with the engagement. ICP and its clients may acquire an interest in the securities of the Company in the future. ICP is an arm’s length party to the Company. ICP’s market making activity will be primarily to correct temporary imbalances in the supply and demand of the Company’s shares. ICP will be responsible for the costs it incurs in buying and selling the Company’s shares, and no third party will be providing funds or securities for the market making activities. About Newtopia Newtopia is a personalized whole health platform helping people create positive lifelong habits that prevent, slow, or reverse chronic disease while reducing healthcare costs. The platform leverages genetic, social and behavioral insights to create individualized prevention programs with a focus on metabolic disease, diabetes, mental health challenges, hypertension, weight management and musculoskeletal disorders. With a person-centered approach that combines virtual care, digital tools, connected devices and actionable data science, Newtopia delivers sustainable clinical and financial outcomes. Newtopia serves some of the largest nationwide employers and health plans and is currently listed in Canada on the Toronto Stock Exchange (TSXV: NEWU) and is quoted in the US on the OTCQB® Venture Market (OTCQB: NEWUF). To learn more, visit newtopia.com, LinkedIn or X. About ICP Securities Inc. ICP Securities Inc. (ICP) is a Toronto based CIRO dealer-member that specializes in automated market making and liquidity provision, as well as having a proprietary market making algorithm, ICP Premium™, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution, and trading, ICP has leveraged its own proprietary technology to deliver high quality liquidity provision and execution services to a broad array of public issuers and institutional investors. Forward Looking Statements This news release contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, and forward looking statements, within the meaning of applicable United States securities legislation (collectively, “forward-looking statements”), which reflects management’s expectations regarding Newtopia’s future growth, results from operations (including, without limitation, future production and capital expenditures), performance (both operational and financial) and business prospects and opportunities. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. All statements other than statements of historical fact may be forward- looking information. Such statements reflect Newtopia’s current views and intentions with respect to future events, based on information available to Newtopia, and are subject to certain risks, uncertainties, and assumptions. Material factors or assumptions were applied in providing forward-looking information. While forward-looking statements are based on data, assumptions and analyses that Newtopia believes are reasonable under the circumstances, whether actual results, performance or developments will meet Newtopia’s expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Forward-looking statements are not a guarantee and are based on a number of estimates and assumptions management believes to be relevant and reasonable, whether actual results, performance or developments will meet Newtopia’s expectations and predictions depends on a number of risks and uncertainties that could cause the actual results, performance and financial condition of Newtopia to differ materially from its expectations. Certain of the “risk factors” that could cause actual results to differ materially from Newtopia’s forward-looking statements in this press release include, without limitation: the termination of contracts by clients, risks related to COVID-19 including various recommendations, orders and measures of  governmental authorities to try to limit the pandemic, including travel restrictions, border closures, non-essential business closures, quarantines, self-isolations, shelters- in-place and social distancing, disruptions to markets, economic activity, financing, supply chains and sales channels, and a deterioration of general economic conditions including a possible national or global recession; and other general economic, market and business conditions and factors, including the risk factors discussed or referred to in Newtopia’s disclosure documents, filed with the securities regulatory authorities in certain provinces of Canada and available at  www.sedar.com including Newtopia’s final long form prospectus dated March 30, 2020. Should any factor affect Newtopia’s in an unexpected manner, or should assumptions underlying the forward- looking information prove incorrect, the actual results or events may differ materially from the results or events predicted. Any such forward-looking information is expressly qualified in its entirety by this cautionary statement. Moreover, Newtopia does not assume responsibility for the accuracy or completeness of such forward-looking information. The forward-looking information included in this press release is made as of the date of this press release, and Newtopia undertakes no obligation to publicly update or revise any forward-looking information, other than as required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Featured, IOT

Canadian retailers are catching up to global peers on seamless commerce: KPMG

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Canada emerges fourth among eight countries in KPMG International report on future of seamless commerce TORONTO, March 22, 2024 /CNW/ – Despite historically trailing behind other countries in seamless commerce, Canada emerged fourth among eight major countries in making retailing a simpler, friendlier and more convenient experience for consumers, according to a new KPMG International report. “Canadian retailers are making significant strides to build bridges across multiple channels – online and bricks and mortar – to become more efficient and improve the consumer shopping experience,” says Kostya Polyakov, Partner and National Leader for Consumer and Retail, KPMG in Canada. “Amid tight profit margins, higher costs and sharply lower discretionary spending, retailers recognize they must embrace digital solutions to remain competitive and stay in business.” Over the past three years, Canadian retailers accelerated their growth in omnichannel solutions amid increased expectations from consumers now accustomed to purchasing from giant U.S. retailers, which in many cases are further ahead in digitizing their operations, adds Mr. Polyakov. A recent KPMG in Canada survey found that, despite the pandemic accelerating the move to online shopping, 67 per cent of Canadians still prefer to shop in-store versus online. A similar storyline is unfolding in the U.S., with 70 per cent of total retail sales coming from brick-and-mortar locations, the report finds.  The survey found Canadian shoppers want more detailed specs, better search functionality, easier returns, the ability to ask questions about a product and a better delivery experience as necessary to improve the online shopping experience. Meanwhile, research found that Americans focus more on speed, convenience, and personalization, likely due to the larger availability of e-commerce experiences and products in the U.S., the report says. “Retailers must shift their focus from channel to customer,” says Mr. Polyakov. “Consumers expect retailers to meet them where they are – online, whether it’s mobile or laptop, in-store, or on social media – and to deliver the same experience regardless. The only way retailers can meet their expectations is by breaking down data silos and developing a seamless, connected experience.” A new type of shopping experience is emerging While physical stores aren’t disappearing anytime soon, Canadian consumers expect a ‘phygital’ shopping experience, which seamlessly combines the service experience of in-store shopping with the product variety and convenience found online, says Mr. Polyakov. “E-commerce capabilities like click and collect and return in-store are becoming must-have services for retailers to remain competitive,” he says. “But seamless commerce needs to go beyond that. Our survey found almost two-thirds of Canadians want retailers to be more creative when replicating in-store experiences online, such as using virtual reality and artificial intelligence.” Retailers in China and most of Asia are already adopting live social commerce—which allows for real-time buying and interaction during live video events. However, Canada has yet to catch on to this concept, with KPMG’s research finding that most Canadians don’t make purchases from social platforms, and that’s not expected to change soon. Over the next three to five years, only four per cent of Canadians say they intend to use social platforms more frequently to make purchases—while nearly five per cent expect to use them less frequently. “While live commerce isn’t a huge factor yet in Canada, we expect this will change as more retailers experiment with their offerings to attract younger audiences who find the format fun and engaging and a way to secure better deals and prices,” says Mr. Polyakov. “Retailers will need to stay one step ahead by delivering consistent, personalized experiences, regardless of how customers choose to shop,” says Mr. Polyakov. Key report highlights: Read more about seamless commerce in Canada here.

AI, Featured

Borderless AI Launches from Stealth with $27M Investment to Bring World’s First AI Agent to HR Space

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The company is building AI agents for the global HR industry, leveraging conversational AI to automate and speed up the process of on-boarding, managing, and paying international team members. TORONTO, March 21, 2024 /CNW/ — Borderless AI, the AI-powered startup disrupting the Employer of Record (EOR) space, today announced that it has raised $27 million in seed funding to leverage the power of generative AI to automate and accelerate the process of onboarding, managing, and paying international team members. Removing compliance, payment, tax law, and onboarding challenges of the past, Borderless AI’s novel AI agent, Alberni, can solve complex problems and automate processes in any country around the world within 10 minutes; the market norm is 7-10 business days. The $27 million seed round was led by Susquehanna and Aglaé Ventures, the venture arm of Bernard Arnault, currently the richest man in the world, with participation from additional institutional investors. The company was founded by serial entrepreneur Willson Cross and Lyft’s founding investor Sean Aggarwal. Borderless AI’s launch comes at a time of increased investment and interest in vertical-specific AI, with numerous companies like Harvey for legal services and Sierra for customer service, leading the way and drawing attention to the critical need for AI agents across verticals. “As the first company in the world to bring AI agents to HR, we are firm believers that AI agents will become commonplace for companies just like websites in the 90s and mobile apps in the 2000s,” said Willson Cross, Co-founder and CEO of Borderless AI. “Leveraging conversational AI, our platform automates many of the complexities within the global HR stack, without hallucinations, such as payroll set-up, time-off requests, or employment agreement generation. Our AI is fluent in a multitude of languages, allowing for geographic expansion and successful deployment of business operations around the globe.” Alberni is available in 170 languages and cuts the time it takes to generate employment agreements, allowing a company’s legal and HR teams to move faster, save money and ensure compliance in the onboarding and payments processes. Alberni can also answer complex employment law, finance or tax queries, an important need for the distributed global workforce and employers looking to scale quickly. “Our mission is to bring economic empowerment to the world,” said Sean Aggarwal, Executive Chairman and Co-founder of Borderless AI. “With our AI first approach to HR, we’re removing geographic barriers and democratizing access to the best job opportunities for talented people around the globe, and we’re excited to see the possibilities it opens for employers and employees alike.” Borderless AI is serving organizations of all sizes and across industries, and claims MG2, a 500+ employee-size, global architecture firm; and Affiniti, a venture-backed fintech startup as customers. The company worked with Omeed Malik and his investment bank, Farvahar Partners, in raising the majority of the round. Borderless AI is also a strategic partner of Large Language Model (LLM) leader Cohere and is the only partner deploying Cohere’s models to global HR. Borderless AI has developed its proprietary data platform that augments Cohere’s LLM, putting trust and accuracy at the forefront of the technology. “The HR industry is ripe for innovation and Borderless AI is one of those companies that has the rare combination of industry expertise, product innovation, and a deeply committed and capable founding team,” said Miyuki Matsumoto, Partner at Aglaé Ventures. “Globalization isn’t going anywhere and companies will rely on seamless technology like Borderless AI and Alberni to help them scale successfully on a global level. We strongly believe that AI agents for HR will become mainstream and we’re thrilled to be a part of this journey.” With an increased demand in technologies that help companies navigate complex issues that arise from hiring international team members, such as employment agreements and employee tax forms, Borderless AI’s technology is a key differentiator in the EOR market, accelerating the future of work and allowing companies to understand complex queries that previously took days or weeks to navigate. For more information on Borderless AI, visit hireborderless.ai. You can also try out Alberni for free here. About Borderless AI Borderless AI is the first company in the world to bring an AI agent to the HR industry. Borderless AI’s novel AI agent, Alberni, can solve complex problems and automate processes in any country around the world within 10 minutes. It leverages the power of generative AI to automate and accelerate the process of onboarding, managing, and paying international team members, solving international employment law challenges while accelerating geographic expansion and ensuring compliance in hiring processes. The company is headquartered in Toronto, Canada and has raised $27 million in seed funding to date and is backed by Susquehanna and Aglaé Ventures.

Featured, IOT

Converge Technology Recognized on the 2024 CRN Tech Elite 250 List

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TORONTO and GATINEAU, QC, March 21, 2024 /PRNewswire/ – Converge Technology Solutions Corp. (“Converge” or “the Company“) (TSX: CTS) is pleased to announce that CRN, a brand of The Channel Company, has honored Converge on its 2024 Tech Elite 250 list. This is the third year Converge has been named to the list. To help customers navigate today’s IT complexities and harness the advantages of state-of-the-art solutions, solution providers—ranging from strategic service providers and systems integrators to managed service providers and value-added resellers—strive to uphold rigorous levels of training and certification from strategic IT vendors, often aiming for the pinnacle tiers within these vendors’ partner programs. The Tech Elite 250 list is a yearly compilation showcasing these solution providers, based in the U.S. and Canada, that have distinguished themselves by attaining top-tier certifications and specializations from leading technology vendors in the areas of infrastructure, cloud, and security. “Converge is proud to have once again been named to CRN’s Tech Elite 250 list, exemplifying our ongoing commitment as a top service provider in North America and globally,” stated Greg Berard, Converge Chief Executive Officer. “This award also showcases the incredible talent of the team within Converge who continually work to improve their industry knowledge and obtain certifications that ensure we are on the cutting edge of new solutions to best serve our customers.” “CRN’s Tech Elite 250 highlights leading-edge solution providers within the IT landscape, distinguished by their comprehensive technical proficiency, expertise, and commitment to achieving top-level certifications in critical technology areas,” said Jennifer Follett, VP, U.S. Content, and Executive Editor of CRN at The Channel Company. “These solution providers persistently strengthen their capabilities to bring the advanced IT solutions to market that customers need.” Coverage of the Tech Elite 250 will be featured in the April issue of CRN Magazine and online at www.CRN.com/techelite250.  About ConvergeConverge Technology Solutions Corp. is a services-led, software-enabled, IT & Cloud Solutions provider focused on delivering industry-leading solutions. Converge’s global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. The Company supports these solutions with advisory, implementation, and managed services expertise across all major IT vendors in the marketplace. This multi-faceted approach enables Converge to address the unique business and technology requirements for all clients in the public and private sectors. For more information, visit convergetp.com.

CIX Elevate 2024 logo red and black
Events, Featured

CIX-Elevate-Toronto-March 26

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Vinod Khosla keynote speaker at CIX-Elevate-Toronto 2024 At CIX, powered by Elevate, bringing visionary leaders and thinkers together is crucial to inspiring, educating, and provoking discussions shaping the future. This year, they announced Vinod Khosla as keynote speaker, following the footsteps of past speakers like Mathew Micheli of Viral Nation, Mohannad El-Barachi of Wrk, and Dave Teare of 1Password. To get tickets: https://cixsummit.com/speakers/

Events

April 11, 2024 – FinCyber Today Canada – Toronto

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Over the Horizon:  Cyber Resilience Through Innovation For more information: https://www.fsisac.com/events/2024-canada The 2024 FS-ISAC FinCyber Today Canada, taking place on 11 April in Toronto, is a full-day program for Canadian member firms to learn from experts, share and network with colleagues and meet with solution providers exploring and innovating security products for a wide range of asset protection needs. Open only to member firms headquartered in Canada, the agenda provides something for everyone – sessions focused on top-of-mind issues led by subject experts; thought-leadership talks highlighting insights that members will take back to the office and networking social events.  This well-respected Canadian member event is attended by C-suite, management and security operations executives that know the key to resilience is to collaboratively work together today, encourage rapid innovation and always keep a keen eye on the horizon.  Sponsorship opportunities have sold out for this event. To learn more about other events, please email sales@fsisac.com.

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Cisco Meraki: 7 reasons why Canadian SMBs should explore Cisco Meraki solutions

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Cisco Meraki offers tailored solutions for small and medium-sized businesses (SMBs) in Canada, providing simplified, cloud-managed IT infrastructure to drive efficiency, security, and scalability. There are several compelling reasons to consider using Cisco Meraki for your networking and IT infrastructure needs: With Cisco Meraki, SMBs in Canada can leverage enterprise-grade technology that is easy to deploy, manage, and scale, empowering them to drive digital transformation and achieve their business objectives with confidence. Explore Cisco Meraki here: https://www.cisco.com/c/en_ca/solutions/small-business/small-business-promotions-and-free-trials.html?eid=150977&oid=trlmrk031870&dtid=pdidgd000002&ccid=cc004800

AI, Events, Featured

AI Impact on Jobs and Preparedness: Hispanotech + Deloitte

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Speakers: Join us for a hybrid event featuring esteemed international panelists delving into the applications of AI, its effects on employment, and strategies for readiness. Regsiter: https://www.universe.com/events/ai-era-is-here-lets-get-in-touch-tickets-58KPW3 Speaker Profiles: Carlos E. Paz-Soldan: Originating from Peru, Carlos boasts a diverse background as an IT professional and entrepreneur, having collaborated with companies across South America, Africa, and North America. Following his MBA completion at UofT in 1984, Carlos founded Tenet Computer Group Inc., a leading IT solutions provider based in Toronto. After a successful exit in 2016, Carlos retained ownership of the software division to establish Techmien Corp., continuing to pioneer innovative solutions for government and corporate entities. Additionally, Carlos is actively involved in advisory roles and serves as the President of Hispanotech, an organization dedicated to advancing the success of Latin American technology professionals in Canada. He also volunteers with the Alma Children’s Education Foundation, aiming to enhance education in remote South American regions. Camilo Lievano: With over 25 years of experience in Management Consulting, Camilo is a seasoned Senior Technology Executive specializing in creating value through Business Intelligence, Analytics, and Artificial Intelligence solutions. As a Director within Deloitte’s Omnia Artificial Intelligence practice, Camilo has held various leadership positions, including Analytics & BI Practice Lead and Cognitive Solutions and Artificial Intelligence Practice Lead. Throughout his career, he has overseen complex engagements at Canadian, North American, and multinational companies, bringing invaluable hands-on experience in the real-world application of artificial intelligence and analytical solutions, from strategy definition and use case identification to development, implementation, and final roll-out.

Digital Image of a brain made using computer circuits to give it a look like artificial intelligence
AI, Featured

Blu Ivy Group launches AI-Backed Employer Brand & Culture Index (EBCI)

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TORONTO, Feb. 16, 2024 /PRNewswire/ – Blu Ivy Group, a world-renowned employer brand, talent research, and culture agency, is proud to announce the release of their innovative Employer Brand & Culture Index (EBCI). This comprehensive and prescriptive dashboard provides leaders with real-time analytics to track the performance of their employer brand and access data driven insights on how it is shaping their employee experience, culture, reputation, and external brand preference.  “What we have observed over the last decade of working with global organizations, is that the employer brand industry is rapidly elevating the quality of employee value proposition and employer brand launches. However, the ongoing measurement and management of the work has continued to be a challenge that needed solving. It was essential for us to provide the industry with a systemic approach to realize the full potential of their employer brand strategy over the long term. ” Stacy Parker, Co-Founder Blu Ivy Group The Employer Brand & Culture Index (EBCI) provides a comprehensive real-time overview of your employer brand. With the EBCI, organizations can: What this means is that there is no more guesswork or wasted time assembling disparate metrics. Now, leaders can measure their employer brand comprehensively, securing a competitive edge, fostering continuous improvements in talent attraction strategies, and dynamically shaping and evolving their workplace culture. Leandra Harris, Managing Director & Co-Founder of Blu Ivy Group, states, “CHROs and C-Suite leaders can now access near-real time data, allocate resources effectively, refine strategies, and optimize both external and internal messaging. Furthermore, the EBCI enables organizations to understand top talent’s perception of their employer brand, foster employee engagement, and effectively mitigate reputation risks.” To book a demo, or get more information about the Employer Brand & Culture Index (EBCI) and Blu Ivy Group’s employer brand and culture consultancy services, please visit Employer Brand & Culture Index (EBCI) | Blu Ivy Group About Blu Ivy Group Blu Ivy Group is a global leader in employer branding, culture, recruitment marketing solutions. Blu Ivy Group has more than a decade of experience conducting talent research and providing innovative employer brand solutions to transform your organization and design the most compelling workplaces of the future.

Apps, Featured

Localcoin Introduces New Feature: Sell Bitcoin Easily with INTERAC e-Transfer®

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TORONTO, Feb. 15, 2024 /CNW/ – Localcoin, a Toronto-based Bitcoin ATM operator and leading fintech company, announced today the launch of its INTERAC e-Transfer® sell feature, enabling customers to sell their bitcoins for e-Transfer directly to their bank accounts within minutes. This exciting development expands Localcoin’s product line that enables crypto-enthusiasts to easily liquidate their crypto for CAD.  Localcoin’s commitment to providing users with accessible, convenient, and secure options for managing their digital assets is further exemplified through this new feature. Users can quickly and easily sell cryptocurrencies online and receive funds directly in their Canadian bank accounts via INTERAC e-Transfer within minutes. No account creation or personal details, outside of a phone number or email, are required to use this feature. The inclusion of the INTERAC e-Transfer sell feature is a significant milestone for Localcoin, reflecting the company’s dedication to streamlining cryptocurrency accessibility for its customers. With this feature, customers can seamlessly liquidate Bitcoins for up to CAD $4,975 per day, with the funds directly sent to their bank accounts. Key Benefits of Localcoin INTERAC e-Transfer feature: Convenience: By integrating with INTERAC e-Transfer, users can sell their cryptocurrencies for cash without driving to an ATM. User-Friendly Experience: Localcoin’s user-friendly interface makes INTERAC e-Transfer transactions straightforward and accessible. Secure and Reliable: Localcoin’s commitment to security remains unwavering. INTERAC e-Transfer transactions are conducted with the same level of robust security that users have come to expect from the platform. Sell your bitcoin for INTERAC e-Transfer with Localcoin, Today! How to Use Localcoin INTERAC e-Transfer Sell: Sell your Bitcoin (BTC) online and get an INTERAC e-Transfer straight to your bank account. “We are extremely excited to launch the INTERAC e-Transfer functionality at Localcoin. It’s all about making crypto transactions simpler and more approachable.” Said Jay Pandher, President of Localcoin. “Imagine selling your Bitcoin and getting funds directly into your bank account, all within a few taps. This step is a huge leap in our mission to make the world of digital currencies accessible to Canadians.” Experience the ease of Localcoin’s new INTERAC e-Transfer feature today and discover how you can effortlessly sell Bitcoin from home for Canadian Dollars.

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