VCP

LEAP Expands Global Customer Reach with Vonage SIP Trunking API

Retrieved on: 
Thursday, April 11, 2024

Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale.

Key Points: 
  • Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale.
  • Vonage SIP Trunking connects LEAP to the cloud, enabling the company to scale up or down with virtually unlimited capacity, reduce costs with per-second billing, and easily go global.
  • “Choosing Vonage has given LEAP the ability to provide our customers with stable, reliable customer engagement that can scale on demand,” said Carry Chen, Project Director, LEAP.
  • Vonage ensures that we have the capacity and reach to provide quality customer support when and where needed.”
    "Businesses today are looking for communications solutions that can provide customers with better connections, communications and engagements," said Sunny Rao, SVP Global Sales, Vonage.

Willing Warriors to Open PenFed Grand Lodge Offering Respite for Wounded Warriors and Families

Retrieved on: 
Wednesday, April 24, 2024

TYSONS, Va., April 24, 2024 /PRNewswire/ -- Willing Warriors, a charitable organization providing cost-free retreat stays and programs that positively impact wounded, ill, and injured service members, veterans and their families will host a ribbon cutting ceremony on May 18 to celebrate the opening of the PenFed Grand Lodge.

Key Points: 
  • The lodge will allow Willing Warriors to serve over 600 additional warriors annually.
  • "Willing Warriors has long valued its partnership with PenFed Credit Union and the PenFed Foundation, as well as our community partners," said President and Co-founder of Willing Warriors, Shirley Dominick.
  • In addition to PenFed Foundation's support for the PenFed Grand Lodge, PenFed Credit Union donated $300,000 to Willing Warriors in 2021 to begin raising matching funds to make the lodge a reality.
  • The 5-bedroom PenFed Foundation Home doubled the capacity at Warrior Retreat, enabling Willing Warriors to provide respite after long hospital stays for 300 wounded warriors and their families per year.

LEAP Expands Global Customer Reach with Vonage SIP Trunking API

Retrieved on: 
Wednesday, April 10, 2024

SINGAPORE, April 10, 2024 /PRNewswire/ -- Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale.

Key Points: 
  • SINGAPORE, April 10, 2024 /PRNewswire/ -- Based in Singapore, LEAP, THE HORIZON INFORMATION TECHNOLOGY, has announced it is leveraging Communications APIs from Vonage to expand its global customer reach and scale.
  • Vonage SIP Trunking connects LEAP to the cloud, enabling  the company to scale up or down with virtually unlimited capacity, reduce costs with per-second billing, and easily go global.
  • "Choosing Vonage has given LEAP the ability to provide our customers with stable, reliable customer engagement that can scale on demand," said Carry Chen, Project Director, LEAP.
  • Thanks to Vonage, LEAP offers businesses a truly global, reliable customer centric contact center solution."

Dominant currency pricing in international trade of services

Retrieved on: 
Thursday, April 25, 2024

Abstract

Key Points: 
    • Abstract
      We analyze, for the first time, how firms choose the currency in which they price transactions
      in international trade of services and investigate, using direct evidence, whether the US dollar
      (USD) plays a dominant role in services trade.
    • JEL: F14, F31, F41
      Keywords: dominant currency paradigm, international trade, services.
    • Related research has
      shown that the US dollar (USD) exchange rate is a major source of swings in
      global trade in goods?a ?dominant currency pricing? (DCP) phenomenon?since
      most goods traded internationally are invoiced and sticky in USD.
    • Yet it is also key to look at dominant currency pricing in international trade
      in services for several reasons.
    • First, global trade in services is big?accounting for
      about a quarter of global gross trade flows and for around 40% in terms of valueadded trade.
    • Third, and relatedly, the
      future of globalisation might be in trade in intermediate services?as progress with
      digitech lowers technological barriers to such trade across borders.
    • But perhaps the main reason is that trade in services is conceptually different
      from trade in goods.
    • Our paper is the first, to our best knowledge, that analyzes how firms choose
      the currency in which they price transactions in international trade of services and
      that examines whether dominant currency pricing differs between trade in goods
      and services using direct evidence? hitherto unavailable?on patterns of currency
      choices in international transactions in services compared to goods.
    • Work on dominant currency pricing has
      almost exclusively focused on trade in goods.
    • One reason is that data on patterns
      in invoicing currency for trade in services are ?virtually nonexistent? (Adler et al.
    • Yet it is important to look at dominant currency pricing in international trade
      in services for several reasons.
    • Using the exporter?s (or producer) currency in exports is known in the literature as producer
      currency pricing (PCP), while using the importer?s currency is known as local currency pricing (LCP)
      and using a third currency is known as vehicle currency pricing (VCP).
    • Our paper is the first, to our best knowledge, that analyzes how firms choose the
      currency in which they price transactions in international trade of services and that
      examines whether dominant currency pricing differs between international trade in
      goods and services using direct evidence ? hitherto unavailable ? on patterns of
      currency choices in international transactions in services compared to goods.
    • First,
      we rule out compositional effects, that is that differences in the use of currencies
      reflect differences in trade partners in services vs. goods trade.
    • Both in extra-EU and intra-EU trade, the EUR is the
      most widely used currency, be it on the export or import side.
    • Based
      on the framework, we stress which factors should determine currency choices in
      international trade, and to what extent one should expect differences between
      services trade and goods trade.
    • Second, it can price in the importer?s currency
      (local currency pricing, LCP).4 Third, it can use a third currency, say currency
      v (vehicle currency pricing, VCP).
    • That is,
      the currency choice problem is equivalent to determining the currency in which the
      desired price is least volatile.
    • (2022)
      provide systematic empirical evidence ? firm size and exposure to foreign currencies
      in imported inputs ? should also shape currency choices in services trade.
    • Dominant currency pricing in USD ? services vs. goods trade
      Having established that currency choice in international trade of services is an
      active firm-level decision as well as the determinants of this decision, we now

      8.

    • Services and goods exports: prevalence of different pricing strategies (percent)
      Notes: The table shows the shares (in value terms) of different pricing strategies: producer currency
      pricing (PCP), local currency pricing (LCP) and vehicle currency pricing (VCP).
    • To make comparisons with goods trade, we rely on Eurostat?s
      macro data on international trade in goods by invoivcing currency.
    • If intra-EU trade is more important in services than
      in goods trade, this could hence be an explanation for the lower prevalence of the
      USD in services trade.
    • We showed
      that while the USD is also extensively used as a vehicle currency in services trade, its
      prevalence is systematically lower than in goods trade.
    • Hence for all travel services exports
      the invoicing currency is the EUR; for travel imports it is the currency of the
      destination of travel (i.e.
    • Also for these

      ECB Working Paper Series No 2932

      33

      services it seems plausible that trade does not take place vis-?-vis all counterparts
      in each currency.

    • Figure B.2: Share of international trade in services in global GDP broken down by type (%)
      Notes: Authors? calculations using World Bank and World Trade Organization data.
    • An earlier version of this paper circulated under the title ?Currency choices and the role of the
      U.S. dollar in international services trade?.

Vonage Wins Gold in 5G Category at Merit Awards for Telecom 2024

Retrieved on: 
Wednesday, April 3, 2024

Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been named Gold Winner for 5G at the Merit Awards for Telecom, for its global network platform.

Key Points: 
  • Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been named Gold Winner for 5G at the Merit Awards for Telecom, for its global network platform.
  • Vonage has also launched Vonage Network Registry , a first-to-market developer registration service to accelerate and simplify developer access to network APIs.
  • "We are thrilled to have been recognised by the Merit Awards for Telecom in the 5G category,” said Colin Brown, Vice President, Product, Global Network Platform at Vonage.
  • “Ericsson and Vonage are leading the development of a global network platform by opening the network for third-party developers to make capabilities universally available for further innovation.

Vonage Named Platinum Winner for Best CCaaS Solution at Telco Innovation Awards 2024

Retrieved on: 
Wednesday, March 13, 2024

Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation, and a part of Ericsson (NASDAQ: ERIC), has been named Platinum Winner for Best Contact Centre as a Service (CCaaS) Solution at the Telco Innovation Awards.

Key Points: 
  • Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation, and a part of Ericsson (NASDAQ: ERIC), has been named Platinum Winner for Best Contact Centre as a Service (CCaaS) Solution at the Telco Innovation Awards.
  • Vonage was named a winner for Vonage Contact Center (VCC), a multi-tenant cloud-based solution built from the Vonage Communications Platform (VCP), a unique combination of contact centre, unified communications, composable communications APIs and conversational commerce solutions - that can all be integrated within a single pane of glass.
  • “We are thrilled to have been recognised as Platinum winner for Best CCaaS Solution at the Telco Innovation Awards," said Savinay Berry, EVP of Product and Engineering for Vonage.
  • The Telco Innovation Awards, presented by Juniper Research as part of the Future Digital Awards, has showcased new cutting-edge products and services in the telecommunications space since 2020.

Vonage Wins Gold in 5G Category at Merit Awards for Telecom 2024

Retrieved on: 
Wednesday, April 3, 2024

HOLMDEL, N.J., April 3, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been named Gold Winner for 5G at the Merit Awards for Telecom, for its global network platform.

Key Points: 
  • HOLMDEL, N.J., April 3, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation and a part of Ericsson (NASDAQ: ERIC), has been named Gold Winner for 5G at the Merit Awards for Telecom, for its global network platform.
  • Vonage has also launched Vonage Network Registry , a first-to-market developer registration service to accelerate and simplify developer access to network APIs.
  • "We are thrilled to have been recognized by the Merit Awards for Telecom in the 5G category," said Colin Brown, Vice President, Product, Global Network Platform at Vonage.
  • Created in 2022, the Merit Awards acknowledges companies that have contributed to the continued growth of their respective markets.

CASI PHARMACEUTICALS ANNOUNCES FOURTH QUARTER AND FULL-YEAR 2023 BUSINESS AND FINANCIAL RESULTS

Retrieved on: 
Thursday, March 28, 2024

BEIJING, March 28, 2024 /PRNewswire/ -- CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a Cayman incorporated biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, today reported business and financial results for the year ended December 31, 2023, and provided an update on key highlights for 2023.

Key Points: 
  • BEIJING, March 28, 2024 /PRNewswire/ -- CASI Pharmaceuticals, Inc. (Nasdaq: CASI), a Cayman incorporated biopharmaceutical company focused on developing and commercializing innovative therapeutics and pharmaceutical products, today reported business and financial results for the year ended December 31, 2023, and provided an update on key highlights for 2023.
  • CASI reported fourth quarter 2023 revenue of $6.9 million for EVOMELA®, 33% lower than the same period in 2022.
  • 2023 marks a major milestone for CASI and our partner Juventas; Inaticabtagene Autoleucel (CNCT-19 CAR-T cell therapy) was approved by National Medical Products Administration (NMPA) in November 2023.
  • As of December 31, 2023, CASI had cash, cash equivalents and short term investment of $29.1 million compared to $48.6 million as of December 31, 2022.

Vonage Named Platinum Winner for Best CCaaS Solution at Telco Innovation Awards 2024

Retrieved on: 
Wednesday, March 13, 2024

HOLMDEL, N.J., March 13, 2024 /PRNewswire/ -- Vonage, a global leader in cloud communications helping businesses accelerate their digital transformation, and a part of Ericsson (NASDAQ: ERIC), has been named Platinum Winner for Best Contact Center as a Service (CCaaS) Solution at the Telco Innovation Awards.

Key Points: 
  • HOLMDEL, N.J., March 13, 2024 /PRNewswire/ -- Vonage , a global leader in cloud communications helping businesses accelerate their digital transformation, and a part of Ericsson (NASDAQ: ERIC), has been named Platinum Winner for Best Contact Center as a Service (CCaaS) Solution at the Telco Innovation Awards.
  • Vonage was named a winner for Vonage Contact Center (VCC), a multi-tenant cloud-based solution built from the Vonage Communications Platform (VCP), a unique combination of contact center, unified communications, composable communications APIs and conversational commerce solutions - that can all be integrated within a single pane of glass.
  • "We are thrilled to have been recognized as Platinum winner for Best CCaaS Solution at the Telco Innovation Awards," said Savinay Berry, EVP of Product and Engineering for Vonage.
  • The Telco Innovation Awards, presented by Juniper Research as part of the Future Digital Awards, has showcased new cutting-edge products and services in the telecommunications space since 2020.

KBRA Assigns Preliminary Ratings to VCP RRL ABS III, LLC

Retrieved on: 
Tuesday, February 20, 2024

KBRA assigns preliminary ratings to four classes of notes issued by VCP RRL ABS III, LLC (VCP III), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.

Key Points: 
  • KBRA assigns preliminary ratings to four classes of notes issued by VCP RRL ABS III, LLC (VCP III), a securitization backed by a portfolio of recurring revenue and middle market corporate loans.
  • The ratings reflect initial credit enhancement levels, excess spread, and structural features.
  • The RRL strategy focuses on first-lien senior loans to technology and software companies that have a minimum level of recurring revenue and low loan-to-value (LTV) ratios.
  • The portfolio presented to KBRA contains exposures to 38 obligors with approximately 75.2% of the par exposed to RRLs.