Avaya and its partner Microsoft named Key Players as Video Conferencing Market Approaches $20 Billion

On the 20th of June, Avaya has been announced, together with its strategic partner Microsoft, as one of the key players in the video conferencing market.

The lates Grand View research predicts the global video conferencing market to grow to more than $19.7 billion by 2030. That’s a compound annual growth rate of 12.5% between 2020 and 2030. A big reason for the spike is the increasing adoption of video conferencing services by small and medium-size companies. Not surprisingly, schools are great target customers, the report says. They increasingly are adopting web conferencing, audio conferencing and instant messaging for streaming live conferences and delivering notes.

According to the report’s authors, the key participants in the video conferencing market include both Avaya and Microsoft with respective Rainbows conferencing solution and Microsoft Teams.

Backbase Announces Strategic Partnership with Bahrain FinTech

On the 20th of June, Backbase and Bahrain FinTech Bay (BFB), one of the leading FinTech Hubs in the Middle East and North Africa (MENA), announced a new partnership as part of BFB’s Venture Acceleration Platform, to accelerate digital banking adoption in the region and offer new opportunities for key players in the regional financial sector.

Backbase brings a rich portfolio of partners, including National Bank of Bahrain, ila Bank, Banque Saudi Fransi, Kuwait International Bank, and Société Générale, while Bahrain FinTech Bay incubates impactful and scalable financial technology initiatives through innovation labs, acceleration programs, and curated activities. 

Bader Sater, CEO of Bahrain FinTech Bay, said: “Our new partnership with Backbase will strengthen our mandate to bring cutting-edge technology offerings to banks and financial institutions in MENA. Bahrain FinTech Bay is committed to providing curated opportunities for enterprises and supporting startups in the sector to accelerate their growth and expansion efforts across the region.”

Backbase awarded Most Innovative Mobile Solutions Award at the APIDE Conference

On the 14th of June, Backbase announced that it has been awarded “Most Innovative Mobile Solutions” at the Africa Pay&ID Expo 2022. This award recognizes Backbase’s great work done on the continent these last years.

Backbase has helped African financial institutions explore the power of engagement banking by re-architecting the bank around their customers. The company was able to offer one platform covering all services, from onboarding, money movement, financial overview, or loan applications. This created for our clients a higher conversion rate, a higher retention rate and a seamless banking experience. With Backbase’s innovative digital offer, we help create leaders in banking innovation as we did with the leading bank in Tunisia, BIAT, or in Mauritius with the Mauritius Commercial Bank, by enabling these institutions to launch their mobile and / or web offers.

McAfee Appoints Greg Johnson as President & Chief Executive Officer

On the 24th of May, McAfee announced appointment of Greg Johnson as President and Chief Executive Officer, effective June 13, 2022. Johnson succeeds Peter Leav, who will be stepping down as President and CEO. Johnson’s appointment comes as part of the Company’s transition to a pure-play consumer protection company, which began following the divestment of McAfee’s Enterprise security business in 2021. Under Leav’s leadership, McAfee also recently completed a $14 billion sale to an investor group led by Advent International, and funds advised by Permira, Crosspoint Capital Partners L.P., Canada Pension Plan Investment Board, GIC Private Limited, and a wholly-owned subsidiary of the Abu Dhabi Investment Authority.

“Greg brings more than 25 years of consumer business experience at truly innovative, leading brands,” said Bruce Chizen, Chairman of McAfee’s Board of Directors. “Greg holds an impressive track record of cultivating multi-billion-dollar growth strategies for consumer businesses while delivering increasing value to customers. As we continue to build on McAfee’s 30-year history as a global leader in online protection, Greg’s proven expertise makes him the leader of choice to spearhead future growth for the company.”

Allot Announces Strategic Partnership with Singtel to Offer Cybersecurity Services

On the 24th of May, Allot Ltd. announced that it is partnering with Singtel to offer cybersecurity services to Singtel’s Small and Medium Sized Business (SMB) customers. The NetworkSecure is a network-based solution, offering zero-touch, clientless operation, requiring no application installation by the end customer. With NetworkSecure, CSPs can offer their customers protection from cybersecurity threats, including malware, viruses, phishing and ransomware and can enable customers to block inappropriate categories of web content for their employees. An easy-to-use interface provides branded alerts and reporting that help strengthen brand loyalty. NetworkSecure provides subscribers with a unified user experience on all devices for cybersecurity and content filtering, including configuration, reporting and alarm management. NetworkSecure makes it possible for customers to benefit from cybersecurity services with no IT expertise required. NetworkSecure can easily scale to millions of subscribers, making it an ideal solution for large and growing networks.

“Our CSP customers around the world understand the cybersecurity needs of SMBs to keep their businesses running smoothly” said Weiming Li, VP Sales APAC for Allot “We are very pleased to have Singtel as our strategic partner.”