Nasdaq Listed JFrog Announces Pricing of Its Initial Public Offering

JFrog Ltd. (“JFrog”) (NASDAQ: FROG), the liquid software company, announced today the pricing of its initial public offering of 11,568,218 ordinary shares at a price to the public of $44.00 per share. Of the offered shares, 8,000,000 shares are being offered by JFrog and 3,568,218 shares are being offered by certain of JFrog’s existing shareholders. JFrog will not receive any proceeds from the sale of the shares by the existing selling shareholders. The underwriters have the option to purchase up to an additional 1,735,232 ordinary shares from JFrog at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market on September 16, 2020 under the symbol “FROG.” The offering is expected to close on September 18, 2020, subject to customary closing conditions.

Morgan Stanley, J.P. Morgan and BofA Securities are acting as the lead book-running managers for the offering. KeyBanc Capital Markets, Piper Sandler, Stifel, William Blair, Oppenheimer & Co. and Needham & Company are acting as co-managers for the offering.

This offering will be made only by means of a prospectus. Copies of the final prospectus relating to this offering may be obtained from: Morgan Stanley & Co. LLC, 180 Varick Street, 2nd Floor, New York, New York 10014, Attention: Prospectus Department; or J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 866-803-9204 or by emailing prospectus-eq_fi@jpmorganchase.com; or BofA Securities, NC1-004-03-43, 200 North College Street, 3rd Floor, Charlotte NC 28255-0001, Attention: Prospectus Department or by email at dg.prospectus_requests@bofa.com.

A registration statement relating to the sale of these securities was filed with, and declared effective by, the Securities and Exchange Commission on September 15, 2020. Copies of the registration statement can be accessed through the Securities and Exchange Commission’s website at www.sec.gov. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About JFrog

JFrog’s vision is to enable continuous software updates through liquid software, empowering developers to code high-quality applications that securely flow to end-users without interruption. JFrog products are available as open-source, self-managed, and SaaS services on AWS, Microsoft Azure, and Google Cloud. JFrog is trusted by more than 5,800 customers, with top global brands depending on JFrog to manage their software packages for mission-critical applications. JFrog has offices across North America, Europe, and Asia.

Ken42 to Revolutionise Coaching Institutes; Targets 5% of Market Share in Next 1 Year

Ken42, India’s superapp edtech platform, announces its foray into the higher education coaching market and is targeting to capture 5% of the market share in the next one year. Bengaluru based edtech start-up, has allocated 30% of the initial Investment of 11 crores of the company into this. Backed by Turbostart, Ken42 is a student centric organization which aims at providing a 360 education ecosystem for students to get the best out of a unified educational journey. Given the sudden need for digitization across all educational platforms, coaching centres especially for competitive programs are now trying to become tech savvy. Ken42 will assist coaching institutes to embrace new tools and technologies with a personalized solution for each.. 

Ken42 has disrupted the K-12, and higher education segment by rapid digitisation and becoming a one stop solution for students by providing all administrative and faculty requirements under one platform.  With the coaching institutes, Ken42 is aiming at a seamless transition from physical classes to online classes. The online classes will follow the similar pedagogy of high quality personalised teaching. Online coaching has been a saviour for many, everyone can now access quality and uniformed education irrespective of the geography. 

Speaking on the launch of coaching institutes, Ganesh Raju, Founder and CEO, Ken42 said “Coaching institutes is a large market in India and since the COVID-19 impact, approximately 85% people are willing to approach online institutes. We feel entering the coaching market is a move in the right direction, it is not only the need of the hour but online coaching also provides access to premium institutes for students from Tier II and Tier III cities. We at Ken42 strongly believe that education is above all and without digitisation, students would miss out on an entire academic year. Hence, we are looking at working with key coaching institutes across India and start their seamless digitisation journey.”

Schools and universities across the country have been closed since mid-March and competitive exams like NEET and JEE have been rescheduled since. With the upcoming exam season, coaching institutes are gearing up to be fully online and adapt to the evolving times. 

About Ken42: 

Ken 42 is a complete education ecosystem that revolutionizes how administrators manage their institutions, faculty imparts learning, and how students gain academic and real-world knowledge and skills. Designed to support students at every stage of their crucial learning years, from Class 6 through 12 in its offering for schools, and from standard 12 through higher education and placements, Ken 42 is strongly differentiated from other learning management platforms. 

Conceptualized by serial entrepreneur Ganesh Raju in October 2019, Ken 42 also enables online classroom and exams, certificate courses from universities around the world, and opportunities for personal growth in the form of interview preparation, public speaking and professional skills. 

Backed by Turbostart a bi-yearly program for early-stage startups that aspire to be part of a unified and encouraging startup ecosystem, Ken 42 occupies a unique position as mentors to the startup ecosystem with a focus on ed-tech. It boasts a series of strategic alliances as well as long- standing relationships with premier educational institutions and governmental organizations, enabling it to create a solution that is not just cutting edge with unmatched user experience but closely aligned to educational policy and change. 

With its one-of-a-kind integrated platform, Ken 42 is set to disrupt both universities and the K- 12 edtech industry by ensuring maximum student success, without the need of managing multiple platforms. 

ServiceNow Delivers New Levels of Business Agility and Resilience for the COVID Economy

* The Now Platform® Paris release accelerates digital transformation, helping to connect teams, systems, and work

* Industry leaders, including Microsoft, Zoom, Adobe, Uber, Accenture, and Deloitte, are using the Now Platform to power their digital accelerations

ServiceNow (NYSE: NOW), the leading digital workflow company making work, work better for people, today unveiled the Now Platform® Paris release, to help organizations remain agile and be resilient so they can grow and enhance their productivity during the COVID economy. With ServiceNow workflows, people can work smarter and organizations can realize faster time to value from their technology investments.

The COVID economy has exposed weak links in old value chains, driving a workflow revolution. Organizations that struggle to digitally transform and create great experiences for customers, employees, and partners in this new work environment are being left behind. According to IDC, 45 percent of organizations worldwide are now in economic decline or recession, with 64 percent of organizations worldwide planning to be early adopters of emerging tech. Those organizations that are digital laggards are more inclined to seek out emerging tech as a means of catching up.1 With nearly 80 percent of the Fortune-500 leveraging the Now Platform, ServiceNow is committed to delivering solutions that will help companies on their digital transformation journeys, whether their workforce is remote or planning an eventual return to the workplace. 

“Customers are increasingly considering the business value from integrating separate, but increasingly dependent workflows across teams, and the business and IT organizations,” said Stephen Elliot, program vice president, DevOps and Management Software, IDC. “There is unquestionable customer traction, in part accelerated by  COVID-19 and its pressure to drive more collaboration between IT and business stakeholders to digitize processes, rethink customer engagement models, and make strategic business decisions faster than at any point in the last 10 years.”

Several leading organizations, including Microsoft, Zoom, Adobe, Uber, Accenture, Deloitte, Acorio, TPx, Veolia, Novant Health, Lone Star College, AEGIS Insurance Services, and City of Raleigh, are turning to the Now Platform and its Paris release capabilities to power their digital transformations.

“The C-suite realizes that 20th-century architectures are too slow and siloed in today’s fluid working environment, where they need speed and agility,” said Chirantan “CJ” Desai, chief product officer at ServiceNow. “The ServiceNow advantage has always been one architecture, one data model and one born-in-the-cloud platform that delivers workflows companies need and great experiences employees and customers expect. The Now Platform Paris release provides smart experiences powered by AI, resilient operations, and the ability to optimize spend.  Together, they will provide businesses with the agility they need to help them thrive in the COVID economy.”

With the Paris release, ServiceNow is unveiling six completely new products as well as new features that enable organizations to leverage one platform to:

* Quickly respond to business change with new workflow apps, boost productivity with embedded analytics and AI in every app and digitize and automate work across the enterprise.

* Deliver employees the right experiences anywhere, drive productivity of their workforce and transform their organization to provide critical services.

* Drive customer loyalty with connected workflows that allow them to manage location-based work efficiently and effectively, organize resilient operations for unforeseen circumstances, and expand capacity via automated self-service. 

* Optimize IT productivity, cost, and resiliency to modernize and automate with ITSM and AIOps, deliver resilient operations, and help reduce software, hardware, and cloud spend.

Generally available today, key new products in the Paris release include:

* NEW Business Continuity Management unveils modern, automated business impact analysis, business continuity plan development, and crisis management leveraging context within the ServiceNow platform to enable operational resilience. With operational disruptions as a persistent threat, resilient organizations need to anticipate these disruptions and develop actionable plans that will help minimize impact, as well as duration.

* NEW Hardware Asset Management automates the IT asset lifecycle by tracking the financial, contractual, and inventory details of hardware and devices to make smarter decisions from purchase to disposal. In order for companies to be resilient in any economic environment, it’s critical to know what IT assets are where, so companies can persist or have the ability to pivot if the time comes. 

* NEW Legal Service Delivery provides legal operations the visibility they need to make decisions fast and enhance productivity by eliminating manual emails and phone calls.

Strengthening the ServiceNow ecosystem with industry solutions and partnerships

ServiceNow’s new industry products, which are generally available today, enable telecommunications providers and financial services organizations to transform business operations within the context of their industry and create value at scale. Together with strategic go-to-market partners, Accenture for telecommunications and Deloitte for retail banking, these new offerings will force multiply business value for customers. 

* NEW Financial Services Operations helps banks connect teams and systems in the front, middle, and back office to more quickly serve customers. It digitizes core workflows, such as payment and credit card operations, resulting in greater efficiencies.

* NEW Telecommunications Service Management gives customers a more proactive experience and greater flexibility to manage their services, while providing the care and operations organizations with an enhanced service platform and insights into the customer status and health, resulting in a reduced cost to serve.

* NEW Telecommunications Network Performance Management provides network operations teams with a unified view of the install base and the ability to analyze, correlate, and resolve events and alarms originating across multiple network monitoring platforms, resulting in a precise identification of affected customers and a faster time to resolution.

Telecommunications Service Management and Telecommunications Network Performance Management work together to efficiently identify and resolve network troubles across services, while proactively informing customers and creating a more connected experience between customers and the care organization. 

Partners play a critical role in accelerating customers’ digital transformation journeys. ServiceNow is introducing partner integrations with Microsoft and Twilio, as well as the new ServiceNow Service Graph Connector Program, which helps customers streamline internal processes by seamlessly connecting new and old tools to prepare for a new way of working.

Toshiba Unveils Its Futuristic Range of ULTIMATE 4K TVs; to be Made Available in India from September 18

* Announces a range of 7 SKUs of Premium UHD & Smart televisions to be available from 18th Sept. on Amazon, Flipkart, Reliance Digital and Tata CliQ

* Designed in Japan and Made in India, the 4K Televisions are equipped with the powerful combination of Dolby Vision® & Dolby Atmos®, VIDAA Operating system, and a Premium Design

* Limited period launch offer: 4-Year warranty on the panel of its 4K range from 18th-21st Sept 2020

Toshiba, a symbol of Japanese quality and trust for the past 68 years across the globe, has launched 7 SKUs of its Premium UHD and Smart televisions range in India. The range starts from INR 12,990 and goes to INR 66,990 for the 65-inch Premium UHD U79 series. As an introductory offer, Toshiba will be offering a 4-year panel warranty on its entire range of 4K televisions for the first 4 days of the launch (18th-21st Sept 2020) on Amazon, Flipkart, Reliance Digital and TataCliQ.  

Speaking at the launch, Rishi Tandon, COO, Toshiba Televisions India said, “We are extremely thrilled to announce 7 new models of the Made in India televisions starting from 18th September onwards. As a global reputed brand, we always believe in keeping customer needs as our prime focus, hence, we bring a special inaugural offer of a 4-year warranty on the 4k panels from 18th-21st September. Our televisions provide not only an immersive viewing and audio experience with the powerful combination of Dolby Vision & Dolby Atmos but they also include features like Full Array Local Dimming, VIDAA OS and a Premium Design that bring a complete cinematic experience at your home.”

Toshiba Ultimate 4K Full Array LED TVs provide the Ultimate TV viewing experience. They provide an Ultimate Picture with features like Dolby Vision HDR, Ultra Dimming, Ultra Vivid Panel across its entire 4K range. The TVs also come equipped with Dolby Atmos technology delivering immersive audio and hence Ultimate Sound. The Smart televisions are powered with VIDAA OS which is clutter-free and offers 3x speed with built-in Alexa, making it an Ultimate Smart addition to your home. With an elegant, slim and metal finish design, and a bezel-less finish, the design of the TV enhances the interior décor of the room, bringing the Ultimate Design as its core.

Toshiba has partnered with Dolby to bring the winning combination — the ultra-vivid colors of Dolby Vision and immersive sound of Dolby Atmos. It’s easier than ever to take your entertainment to the next level with the powerful combination of Dolby Vision and Dolby Atmos. Dolby Vision makes your entertainment come alive with ultra-vivid colors you’ve never seen on a screen. Enjoy incredible brightness and contrast that you can’t get with a standard picture. Dolby Atmos immerses you in your favourite entertainment with sound that moves all around you with breath-taking realism. Discover the Dolby difference — a premium entertainment experience that helps you feel a deeper connection to the movies, shows, music, sports, and games you love. See and hear what you’ve been missing with an immersive experience like no other.

To ensure consumer delight, the brand shall be ensuring that its service is readily accessible with a fast response rate and a wide service network that spans across more than 18,500 pin codes with 450+ service centres.

As part of “The Ultimate Experience” launch campaign running across major online platforms, the brand is also running a quiz contest wherein lucky winners get an opportunity to win 43” Toshiba Smart TVs.

The brand also announced the launch of its website www.toshibatv-in.com where its entire range of televisions, including the upcoming QLED, is showcased. U80 Series Quantum Dot LED shall also be launched later this year.  Consumers can access detailed specifications and features of all Toshiba televisions and can also stay updated with launch details of its upcoming products and brand related information.

Warburg Pincus Backed CAMS to Open IPO from September 21 - 23

 

* Minimum Bid lot is 12 Equity Shares and in multiples of 12 Equity Shares thereafter

* Price Band of ₹ 1229 – 1230 per Equity Share of face value of ₹ 10 each

* Bid/ Offer Opening Date – 21 September, 2020 and Bid/ Offer Closing Date –  September 23, 2020

* The floor price is 122.90 times the face value of the Equity Shares and the cap price is           123.00 times the face value of the Equity Shares.

Chennai based, Computer Age Management Services (CAMS), will be opening its initial public offering on 21 September, 2020 and will close on September 23, with a price band of ₹ 1229-1230  per Equity Share.

Bids by anchor investors shall be submitted, and allocation to them be will be completed, on September 18, 2020, being one working day prior to the Bid/ Offer Opening Date.

As the Offer is an offer for sale of Equity Shares, CAMS will not receive any proceeds from the Offer.

Initial public offer of up to 18,246,600 equity shares of face value of `10 each (“Equity Shares”) of Computer Age Management Services Limited (“Company” for cash at a price of `[●] per equity share, through an offer for sale of up to 18,246,600 Equity Shares aggregating up to `[●] million (“Offer”/ “Offer for Sale”) by NSE Investments Limited (“Selling Shareholder”). This Offer includes a reservation of up to 182,500 equity shares (constituting up to 0.37% of the post-Offer paid-up Equity Share capital) for purchase by eligible employees (the “Employee Reservation Portion”). The Offer less the Employee Reservation Portion is hereinafter referred to as the “Net Offer”. The Offer and the Net Offer would constitute at least 37.40% and 37.03%, respectively, of our post-Offer paid-up Equity Share capital.

The Offer is being made through book building process in accordance with regulation 19(2)b of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended where allocation to QIBs is not more than 50% of the Net Offer, Non-Institutional Bidders is not less than 15% of the Net Offer and Retail Individual Bidders is not less than 35% of the Net Offer.

The Company has capital sponsorship from marquee investors such as Great Terrain (an affiliate of Warburg Pincus), HDFC Limited, HDFC Bank Limited and NSE Investments Limited.

Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited are the BRLMs to the issue.

Disclaimer

Computer Age Management Services Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its Equity Shares and has filed the red herring prospectus dated September 11, 2020 (“RHP”) with the SEBI and the RoC situated at Tamil Nadu at Chennai. The RHP will be available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Kotak Mahindra Capital Company Limited, HDFC Bank Limited, ICICI Securities Limited and Nomura Financial Advisory and Securities (India) Private Limited at www.investmentbank.kotak.com, www.hdfcbank.com, www.icicisecurities.com and www.nomuraholdings.com/company/group/asia/india/index.html, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risks, see "Risk Factors" on page 20 of the RHP. Potential investors should not rely on the DRHP for making any investment decision.

The Equity Shares offered in the Offer have not been and will not be registered under the U.S. Securities Act of 1933, as amended ("U.S. Securities Act") or any state securities laws in the United States, and unless so registered may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the U.S. Securities Act and applicable state securities laws. Accordingly, such Equity Shares are being offered and sold (i) outside of the United States in offshore transactions in reliance on Regulation S under the U.S. Securities Act and the applicable laws of the jurisdiction where those offers and sales occur; and (ii) to "qualified institutional buyers" (as defined in Rule 144A under the U.S. Securities Act), pursuant to the private placement exemption set out in Section 4(a) of the U.S. Securities Act.

LTTS, Exponential-e Partner to Jointly Offer ‘New Normal’ Workplace Transformation Solutions

Exponential-e, a UK-based leading & innovative CSP of enterprise connectivity & unified communications services, today entered into a strategic partnership with L&T Technology Services Limited (BSE: 540115, NSE: LTTS), a leading global pure-play engineering services company, to jointly offer workplace transformation solutions to customers working in the post-COVID environment.

In the “new normal” brought on by the pandemic, enterprises are ramping up operations in phases and planning to bring back their workforce, with their health and safety being the top priority. During these times, the need of the hour for companies is to retrofit the workplace with safety solutions on a fully digital foundation that can scale to intelligent buildings/campuses, smart facilities and offices.

According to the partnership, LTTS will offer its latest solution i-BEMSTM Shield, built on the company’s award-winning i-BEMSTM framework, and anchored on Exponential-e’s next-gen composite SDN carrier grade network & cloud infrastructure. The combination of these solutions will accelerate digital transformation of the workplace, across industries through digital technologies and platforms.

LTTS’ Intelligent Building Experience Management System, i-BEMSTM is a modular ‘system-of-systems’ platform that unifies all campus operations under one system and focuses on creating digital experiences and building optimization.

To build future-facing workplaces, i-BEMSTM is deploying Shield, a module within the solution that automates and develops smart systems and provides real-time insights to diagnose inefficiencies for quick decision making. i-BEMSTM Shield’s advanced digital interface redefines contactless interaction and surveillance by enabling temperature detection, face detection and tracking, air quality management, occupancy management and energy management.

Exponential-e, a leader in delivering fast, low latency connectivity, flexible and resilient Cloud solutions and world class IT services, will provide the platform for i-BEMSTM Shield to scale new heights of safety at workspace. The company’s ‘Software Defined-Digital Platform’, anchored on world class SD-WAN hosting the LTTS full stack digital innovation applications has the potential to spawn an ecosystem powered by digital VAS; drones-as-a service, connected cars, video-analytics as a service, AR/VR, gaming, smart cities & intelligent buildings are high in impact & value. Every industry is transforming itself through mobility & digital technologies. The LTTS-Exponential-e partnership accelerates the transformation by enabling a platform-based business federated in structure for companies across industries to collaborate and co-create new markets and revenue generating services.

Lee Wade, Founder & CEO, Exponential-e said, “The needs of businesses in the post-COVID environment is set for a dramatic change. While green quotient and sustainability were focus areas earlier for adopting smart building frameworks for campuses, enterprises now are faced with the urgent need of ensuring a safe and secured workplace environment for their workforces. With increasing customer engagement devices being used to help the modern-day work environment, we provide a software-defined network where functions can be deployed seamlessly. We are pleased to partner with an engineering services leader like LTTS and are confident that together, we will co-develop a value proposition that aligns with the present day needs of businesses in this ‘new normal’ world.”

Gaurav Gupta, Chief Business Officer, Europe, at L&T Technology Services said, “Worldwide the most evident trend to emerge as a fallout of COVID-19 are the disruptive innovations driven by new-age digital technologies. The role of ER&D services in shaping such cutting-edge innovative solutions will only grow. Our strategic partnership with Exponential-e is one such initiative that promises to redefine the smart building ecosystem and we are glad to be the pioneers on this front along with Exponential. This tie-up will lay the foundation for multiple industry leading initiatives on smart and secure workspaces and campuses in the near future.”

Clumio Achieves AWS Infrastructure Outposts Ready Deployments

Clumio, innovators of authentic SaaS for enterprise backup, announced today that it has achieved the AWS Outposts Ready designation, part of the Amazon Web Services (AWS) Service Ready Program. This designation recognizes that Clumio’s enterprise backup as a service has demonstrated successful integration with AWS Outposts deployments. AWS Outposts is a fully managed service that extends AWS infrastructure, AWS services, APIs, and tools to virtually any datacenter, co-location space, or on-premises facility for a truly consistent hybrid experience.

Achieving the AWS Outposts Ready designation differentiates Clumio as an AWS Partner Network (APN) member with a product fully tested on AWS Outposts. AWS Outposts Ready products are generally available and supported for AWS customers, with clear deployment documentation for AWS Outposts. AWS Service Ready Partners have demonstrated success building products integrated with AWS services, helping AWS customers evaluate and use their technology productively, at scale and varying levels of complexity.

“Customers are looking for better ways to store and manage their data across the enterprise as part of a comprehensive digitization initiative,” said Joshua Burgin, General Manager, AWS Outposts, Amazon Web Services, Inc. “With Clumio on AWS Outposts, customers can benefit from a comprehensive data management solution for any application in their environment, on AWS Outposts, or in AWS Regions, for a truly consistent hybrid experience.”

“Clumio’s enterprise backup as a service is built on native AWS services, and our team continues to empower customers to take full advantage of the flexibility, scalability, and economics AWS provides,” said Poojan Kumar, CEO and co-founder, Clumio. “This latest AWS Service Ready designation validates our ongoing efforts to remove cloud barriers and help customers harness the power of the public cloud. Clumio offers a seamless data protection experience and consumes no AWS Outposts resources. We’re pleased to continue our work with AWS. As an APN member, we have also achieved AWS Storage Competency status for enterprise backup solutions, validating our deep domain expertise in core storage categories including backup and recovery.”

To support the seamless integration and deployment of AWS Outposts Ready solutions, AWS established the AWS Outposts Ready Program to help customers identify products integrated with AWS Outposts and spend less time evaluating new tools, and more time scaling their use of products that are integrated with AWS Outposts deployments.

Clumio continues to redefine SaaS backup for the all cloud enterprise, delivering a globally consolidated data protection service in, for and to the cloud. The Clumio platform provides a unified backup solution that protects public cloud, private cloud and SaaS with a single service, empowering companies to get to the cloud faster. The company enables enterprises to map to an all cloud vision, helping them manage and protect their dispersed data — wherever that data resides. As a result, companies can then reap the full scalability, flexibility and elasticity benefits of the cloud – without additional hardware or software for data management and protection.