Fairfax-Backed Go Digit General Insurance Files DRHP For IPO

New age insurer Go Digit General Insurance, is one of the leading digital full-stack insurance companies, leveraging its technology to power what they believe to be an innovative approach to product design, distribution and customer experience for non-life insurance products have filed its Draft Red Herring Prospectus (DRHP) with the markets regulator, Securities and Exchange Board of India (SEBI), to raise funds through an initial public offering (IPO).

The public issue consists of a fresh issue of equity shares worth up to Rs 1250 crore and an offer-for-sale (OFS) up to 109,445,561 equity shares by Promoter and selling shareholders, which comprises up to 109,434,783 Equity Shares by Go Digit Infoworks Services Private Limited, up to 4,000 Equity Share by Nikita Mihir Vakharia, jointly with Mihir Atul Vakharia, up to 3,778 equity shares by Nikunj Hirendra Shah, jointly with Sohag Hirendra Shah, up to 3,000 equity shares Subramaniam Vasudevan, jointly with Shanti Subramaniam (“Selling Shareholders”).  

The Offer is being made through the Book Building Process, wherein at least 75% of the Offer shall be available for allocation to Qualified Institutional Buyers, not more than 15% of the Offer shall be available for allocation to Non-Institutional Bidders, and not more than 10% of the Offer shall be available for allocation to Retail Individual Bidders.

Additionally, the company in consultation with merchant bankers to the issue may consider a pre-IPO placement of equity shares, or any other method aggregating up to Rs. 250 crores. If such placement is completed, the fresh issue size will be reduced.

The proceeds from its fresh issuance are worth Rs. 1250 crore and will be utilized for the augmentation of the company’s capital base and maintenance of solvency levels and general corporate purposes.

Go Digit offers motor insurance, health insurance, travel insurance, property insurance, marine insurance, liability insurance, and other insurance products, to meet the needs of the customers. According to a company commissioned report mentioned in the DRHP, it is one of the fastest growing insurers among the top 10 private general insurers by Gross Written Premium (GWP) during the pandemic in Fiscal 2020 and Fiscal 2021.

The Bengaluru-based company is one of the first non-life insurers in India to be fully operated on the cloud and has developed application programming interface (API) integrations with several channel partners, with 1,063 API integrations with partners and 16.57 million policies issued by partners with API integrations since inception to March 31, 2022.

The New Age Insurer's business model focuses on making it simpler for its customers to understand the products and to customize those products to fit their needs and budgets. It leverages front-end technology that the customers are familiar with to make it easier for them to file and check on the status of claims. On the back end, it deploys software developed in-house to speed up underwriting and claims processing times. It also collects and deploys data to help and understand its customers and to mitigate claims risks.

The company has an established track record of delivering growth. GWP stood at Rs 52.68 billion, Rs 32.43 billion, and Rs 22.52 billion in Fiscals 2022, 2021, and 2020, with a CAGR of 52.9% from Fiscal 2020 to Fiscal 2022. The company’s net expense ratio has decreased from 42.4% for Fiscal 2020 to 35.4% for Fiscal 2021 and 38.7% for Fiscal 2022, highlighting operating leverage in their business model. The company has a strong capital position with a solvency ratio of 2.01 times as of March 31, 2022, compared to the IRDAI level minimum solvency ratio guidance of 1.50 times. The policies issued for Fiscal 2022 stood at 7759.43 thousand against 5557.55 thousand in Fiscal 2021.

The company’s Asset Under Management (AUM) increased 68% from Rs 55,901.11 million in Fiscal 2021 to Rs 93,938.75 million in Fiscal 2022, primarily due to an increase in GWP and additional capital infusion from share issuances with gross proceeds of Rs 10,265.32 million. The GDPI increased from Rs 24,176.20 million in Fiscal 2021 to Rs 46,739.41 million in Fiscal 2022, an increase of 93.3%.

As of FY2022, the GDP for India was approximately US$ 3.38 trillion and the non-life insurance market was US$ 31.87 billion measured by GDPI. This indicates a non-life insurance penetration rate of 0.9% with significant room for improvement. According to the IRDAI, Indian non-life insurance contributed around US$32.82 billion in GWP in Fiscal 2022, showing a CAGR of 15.3% from Fiscal 2016 to Fiscal 2021. The overall market is estimated to grow at a CAGR of 12.3% from Fiscal 2021 to Fiscal 2026, reaching the value of ~US$52.70 billion in Fiscal 2026.

ICICI Securities Limited, Morgan Stanley India Company Private Limited, Axis Capital Limited, Edelweiss Financial Services Limited, HDFC Bank Limited, and IIFL Securities Limited are the book running lead managers and Link Intime India Private Limited is the registrar to the offer. The equity shares are proposed to be listed on BSE and NSE.

DRHP Link: https://www.icicisecurities.com/Upload/ArticleAttachments/Go%20Digit%20DRHP.pdf

QETCI Announces Quantum Science & Technology Hackathon 2022

QET Council of India  (QETCI) is a not-for-profit organization that promotes research, development, and adoption and use of Quantum Technology in collaboration with industry, academia, government, and partner councils and associations. QETCI is organizing the first of its kind Quantum Science and Technology Hackathon 2022 with an objective to bootstrap the Quantum Ecosystem to find solutions to problems for Humanity. The initiative aims to encourage, mentor, and support high-potential projects so that we can have more startups in Quantum, as well as facilitate skill development. The unique aspect is that hacking is open to people not just in India but across Geographies.

The first ever Quantum Science and Technology Hackathon 2022 starts on India’s 75th Independence Day – on 15th August 2022. It will be run through phases and the final demos will happen on the 18th & 19th of November 2022. The Hackathon invites collaborative projects useful for humanity. The themes for Hackathon would be Financial Services and Life Sciences (including health care, pharma, biotech, and biosciences), Quantum Security, and Quantum Sensors and Communications. To register please login to Online Hackathon | HackerEarth developer event | Quantum Science and Technology Hackathon 2022

The winners will get cash Prizes worth 10 Lakhs, besides winner certificates and membership opportunities with QETCI. They will also get an opportunity with Incubators and get credits for access to Quantum Hardware. It will open up new avenues for students where they can comprehend a larger community gaining access to leading researchers and experts who can help them shape their careers. Participants will have a great learning experience and offer a unique opportunity to build a powerful network. The students with shortlisted projects will get summer internship opportunities in Quantum Technology.

The Quantum Science and Technology Hackathon 2022 is an industry-recognized platform organized by QETCI in partnership with the Principal Scientific Advisor’s office, Telangana Academy of Skills and Knowledge (TASK), Institute of Electrical and Electronics Engineers ( IEEE), Amazon Web Services, Microsoft Corporation, Apollo Hospitals, and  Quantinuum.

Amazon Web Services and IEEE are Leading Sponsors as well.  Amazon Braket and Microsoft Azure Quantum platforms will be available to participants to hack on.

Qubits Ventures based out of Pasadena, California and T-Hub based out of Hyderabad, Telangana are supporting the initiative as Incubation Partners. The collaborative efforts of industry, academia, and institutions will create an ecosystem for the disruptive use of Quantum Computing.

Apart from the enthusiastic participants, the mentors who are contributing to bringing about change in how the technological world works will be provided with a special certificate as a part of this program along with a free one-year membership from the QETCI. The top two mentors will have free access to an International Quantum Conference.

Speaking on the occasion, Ms. Reena Dayal, Chairperson QETCI said, “The Quantum Science and Technology Hackathon is about igniting interest and encouraging people to create Quantum-based solutions. There is no doubt that quantum technology has exponential potential and is capable of solving some of the biggest problems humanity faces today. With this event, we will be able to leapfrog quantum efforts in the country by showcasing the possibilities, charging the startup and investor ecosystem for Quantum, and thus outlining a strong economic imperative for Quantum. The hackathon/incubation effort is aimed at developing the quantum ecosystem, developing skills, and funding quantum startups with the objective of communicating the long-term positive impact of Quantum Technology on Industry and Society.”

Luxury On Two Wheels. BMW Motorrad India Launches Its Touring Range

* Indulge in relaxed cruising with luxurious comfort and adventurous performance touring.

* The new BMW R 1250 RT - Experience Dynamic Touring.

* The new BMW K 1600 B - Casual Luxury in Bagger Style.

* The new BMW K 1600 GTL and BMW K 1600 Grand America - Celebrate the Spirit of the Open Road.

BMW Motorrad’s much-awaited touring range, the new BMW R 1250 RT, the new BMW K 1600 GTL, the new BMW K 1600 Bagger and the new BMW K 1600 Grand America is launched in India. Deliveries of the motorcycles starts in August 2022 for customers who had pre-booked the motorcycles across the BMW Motorrad Dealer Network in India.

Mr. Vikram Pawah, President, BMW Group India said, “Each BMW Motorrad models tells its own story, and each promises the motorcyclist an individual and unforgettable recreational experience. As a high-performance, emotional, and exclusive riding experience, the new BMW Motorrad touring motorcycles embodies the motto of the ‘Spirit of the Open Road’. It is synonymous with elegance, power, and luxury on two wheels. As an ultimate luxury touring motorcycle range, the new BMW R 1250 RT, the new BMW K 1600 GTL, the new BMW K 1600 Bagger and the new BMW K 1600 Grand America will redefine the luxury and exclusivity in the touring segment in India. The legendary 2-cylinder boxer and the unrivalled 6-cylinder engine performance, outstanding ride comfort and exclusive features ensures relaxed cruising on long highways that stretch out to the horizon and provide intense riding pleasure.”

The motorcycles are available at an ex-showroom price as follows –

BMW R 1250 RT                       :           INR 23,95,000

BMW K 1600 Bagger                 :           INR 29,90,000

BMW K 1600 GTL                      :           INR 32,00,000

BMW K 1600 Grand America     :           INR 33,00,000

*Price prevailing at the time of invoicing will be applicable. Ex-showroom prices inclusive of GST (incl. compensation cess) as applicable but excludes Road Tax, Tax Collected at Source (TCS), RTO statutory taxes/fees, other local tax cess levies and insurance. Price and options are subject to change without prior notice.

The new BMW R 1250 RT.

For more than four decades ‘RT’ has been synonymous in the world of dynamic touring motorcycles. The new BMW R 1250 RT now looks fresher and more dynamic with enhanced travel and touring qualities with its aerodynamic advancements and its new fairing and full LED headlamps. The BMW R 1250 RT sets the benchmark in its class with new innovations. The legendary 2-cylinder boxer engine ensures comfortable travel and dynamic propulsion. The BMW ShiftCam technology ensures superior power across the entire speed range and exemplary fuel consumption.  The powerful 1254 cc 2-cylinder boxer engine produces an output of 136hp (100kW) at 7,750 rpm and a maximum torque of 143 Nm at 6,250 rpm. The motorcycle accelerates from 0 – 100 km/hr in just 3.7 seconds and achieve a top speed of 200 km/hr.

The new BMW K 1600 GTL, the new BMW K 1600 B and the new BMW K 1600 Grand America.

The new BMW K 1600 models have been designed to offer luxurious and high performance riding/touring experience. Athletic, dynamic and superior, the new BMW K 1600 GTL represents exclusive and comfortable traveling whereas the new BMW K 1600 B offers relaxed cruising with luxurious comfort and adventurous performance touring in true Bagger style. The new BMW K 1600 Grand America sets a benchmark in highway cruising style and experience. The 6-cylinder in-line engine produces an output of 160 hp (118 kW) at 6750 rpm and a maximum torque of 180 Nm at 5250 rpm. The richer torque characteristic provides a relaxed cruising feeling. The engine drag torque control (dynamic engine brake control) and Dynamic ESA help provide stability. The new 10.25-inch TFT colour display with integrated map navigation and connectivity offers excellent readability and clear menu navigation. The Audio system 2.0 heralds a new digital sound dimension. The motorcycles are available in varied and attractive colour options.

The new BMW Motorrad touring range will be sold and serviced through the premium dealer network of BMW Motorrad that is present across important centres in India including Delhi (Lutyens Motorrad), Mumbai (Navnit Motors), Thane (Thane Motorrad), Pune (Bavaria Motors), Chennai (KUN Motorrad), Bengaluru (Tusker Motorrad), Ahmedabad (Gallops Autohaus), Kochi (EVM Autokraft), Hyderabad (JSP Motorrad), Indore (Munich Motors), Lucknow (Speed Motors), Chandigarh (Krishna Automobiles), Jaipur (Pratap Motorrad), Raipur (Mandhan Motors), Cuttack and Kolkata (OSL Prestige) and Ranchi (Titanium Autos).

For ease of ownership, BMW India Financial Services offers various financial solutions to own the touring range of motorcycles. For complete peace of mind, BMW Motorrad bikes come with a standard warranty for ‘three years, unlimited kilometers. The warranty can be extended to fourth and fifth year at an additional cost. Road Side Assistance, a 24x7 365 days package further ensures prompt services in case of breakdown and towing situations.

An exclusive range of accessories and lifestyle merchandise for the new touring range can be purchased from BMW Motorrad dealerships.

Manipal Academy Of Higher Education announces 5th Edition Of Manipal Marathon 2023

* The event will be held in February 2023

* It aims to raise awareness and funds for the cause of early detection of Childhood Cancer

In a press conference held, Manipal Academy of Higher Education announced the 5th edition of the Manipal Marathon 2023 (MM-2023). The event will be organised by MAHE in collaboration with Udupi District Amateur Athletic Association® and NEB Sports Bangalore.

Manipal Marathon is an annually held running event in Udupi district that happens to be one of the largest marathons in the country. Its past editions have attracted professional pacers, athletes and participants across all ages and from around the globe.

The 5th edition of the Manipal Marathon aims to create awareness on Childhood Cancer with the tagline “Early Detection saves lives-I Can Cer-Vive”. Through the event, funds will be raised to support and care for people requiring financial assistance for the treatment of Childhood cancer.

The event is scheduled on 12th February 2023 with strict adherence to COVID protocols at the time. It is anticipating participation of about 15000 runners. Previously the event has attracted runners from Ethiopia, Germany, Kenya, England, Nepal, Malaysia and Sri Lanka and the 2023 edition is also expecting the same.

Speaking about the event Dr HS Ballal, Pro Chancellor, Manipal Academy of Higher Education said  “We are extremely pleased to be bringing back our legacy event Manipal Marathon in 2023. MAHE has always strived to inculcate the spirit of fitness and good health amongst its students and running is an excellent approach to achieve this. This year marathon aims to raise funds for the noble cause of fighting childhood cancer. Since its first edition, the marathon has seen amazing participation. I am sure, the coming edition will also see the people of Manipal turn up in huge numbers and run to support the cause”.

Lt Gen (Dr) MD Venkatesh, Vice-Chancellor of MAHE said “Maintenance of health and wellness has become a top priority in current times. The Manipal Marathon will raise awareness around fitness and encourage students and other participants to improve fitness and health status through regular running. The event will be conducted smoothly with strict adherence to COVID protocols and guidelines existing in February 2023”.

Sri K Raghupathi Bhat- MLA, Udupi & President- Udupi District Amateur Athletic Association conveyed his best wishes to the organisers of the event and said he is looking forward to the success of 5th edition of the Manipal Marathon- which will be the ultimate running experience for the participants.

Arjuna awardee Reeth Abraham, Director -NEB sports said “We are elated to be associated with MAHE and the Udupi District Amateur Athletic Association. Over the years, this marathon has provided a great platform for professional athletes to grow and will continue to do so in the future. The organisation, standard and conduct of this event is impeccable and I am confident that Manipal Marathon will soon be recognised as a ‘Gold Label’ marathon by the International Association of Athletics Federations (IAAF)”

Dr Venkatraya M Prabhu, Pro Vice Chancellor (Health Sciences), Manipal Academy of Higher Education said “Running improves cardiovascular health, bone density and fitness levels in general. A marathon of this scale gives the participants a sense of accomplishment. It provides an opportunity for the community to come together for a good cause while simultaneously completing a huge undertaking that requires commitment and perseverance”.

Dr Narayana Sabhahit- Registrar, Manipal Academy of Higher Education said “With every edition the Manipal Marathon has revolutionised the running culture in Manipal. The enthusiasm of the people in the region has grown leaps and bounds with everyone wanting to be fitter and stronger. Like every year, the atmosphere of the 5th edition is going to be electrifying and carnival-like with attractive prizes, sumptuous food and goodies for participants”

Dr Vinod C Nayak- Secretary Sports Council, Manipal Academy of Higher Education said “Manipal Marathon comes with a unique theme every year and this year too, it is no different. Spreading awareness is our prime goal, and through Manipal Marathon, we will continue to do so. Manipal Marathon 2023 will strive to create awareness on Childhood Cancer.

The categories of the marathon are Untimed 3k fun run and Corporate 3k, and timed 5k, 10k, 21k and 42K. The registrations for MM 2023 will open soon.

Mool Nets A Seed Round Of Funding From NextGen Technology Fund

Mool Innovation Labs, which operates as a SAAS Tax saving & salary optimisation product,  has caught the attention of investors and has received seed funding from Next Generation Incubation Scheme (NGIS) of Software Technology Parks of India (STPI). Pontaq Ventures India LLP is the fund manager of the aforesaid fund. 

Founded by Seemant Shrivastav and Subhashree Mishra in 2019, Mool aims to fundamentally change the way people deal with money starting from salary. It employs smart algorithms and machine learning technologies to personalise finance and taxation and offers smarter investment and borrowing options. Mool is planning to invest the funds into charging up their go-to-market strategy, product development, and expanding the team.

Mool’s innovative approach to automation and personalization has given it an edge in attracting a strong client base. Speaking about the funding, Seemant, co-founder at Mool said, “We thank STPI & Pontaq Ventures for showing confidence and trusting our vision to build a world-class fintech platform. Mool has built technology to simplify the tax & financial jargon by optimising compensation benefits and also provides financial literacy to its customers. Today, our youth is crippled by limited knowledge of salary structure and needs guidance on saving and investment options. We’re intensely passionate about solving this problem and providing users the option to grow their money through effective planning.”

Prem Barthasarathy, Managing Partner, Pontaq Ventures India LLP stated, “Mool has identified a crucial problem being faced by employees today and is trying to build financial discipline for today’s generation by simplifying taxation and finance. We like their approach to solving personal taxation conundrum and giving their customers a user-friendly platform that has an objective to optimize their savings.  We are excited to partner with Mool in this journey.”

Mool Innovation Labs is a leading fintech startup that aims to leverage technology  for corporate employees by facilitating effective tax planning, smart investments, insurance, and borrowing options. Mool simplifies the personal financial and taxation jargon and makes it accessible to all. With the products of Mool, organisations and employees can now maximise the value of their salaries without a hassle. Mool’s mission is to create a platform to educate everyone, optimize the growth of their money, and empower them with rich facts and proven analysis for decision making. 

NSDC Partners With Varthana Finance Private Limited To Provide Financial Assistance To Students For Skill Development Courses

* The partnership aims to cater to the underserved population and increase the reach of financial assistance

National Skill Development Corporation (NSDC), a strategic implementation and knowledge partner for Skill India Mission, working under the aegis of Ministry of Skill Development and Entrepreneurship (MSDE), Government of India, has partnered with Varthana Finance Private Limited to provide financial assistance to the students in skilling ecosystem. This will enable the achievement of the main objective of Skill loans initiative. The partnership aims to bridge the education financing gap for low-income population so that youth in India can avail financial assistance from financial institution to undertake desired courses.

"We have partnered with Varthana to commit to providing technical and vocational training to millions of underprivileged students who are otherwise turned down," said Ved Mani Tiwari, COO and Officiating CEO of NSDC. "NSDC has been in the skilling ecosystem for over a decade and is bringing in its knowledge and proficiency to narrow the existing gap between the demand and supply of skills. It acts as a felicitator in skill development mission and bring together the enterprises, companies and organizations that provide skill training. This partnership will ensure the seamless funding to build scalable and profitable vocational training initiatives. This way we enable support systems which focus on quality assurance, information systems and train the trainer academies either directly or through partnerships. This is another step in the direction towards supporting and empowering youth skilling and upskilling while also increasing their employability."

"Varthana offers financing to aspiring students to help them access opportunities to invest in themselves. We focus on education because we believe it is a powerful way to help unlock the potential that every individual has,” said Steve Hardgrave, Co-founder and CEO of Varthana. “The support of NSDC enables private companies like Varthana to enter and serve this important segment in a much more comprehensive fashion than would otherwise be possible. We hope that the training students receive, will help them pursue careers and livelihoods that are both satisfying and allow them to support and care for their families economically."

India’s skill sector is largely unorganized and unregulated, and underprivileged students bear the brunt of the consequences because they lack access to education facilities. Technical and Vocational Education and Training (TVET) holds great potential for economic mobility and development in India, which has one of the largest workforces in the world. Although rapid strides have been made in creating a network of formal institutions providing a wide range of skills and addressing the skill gap, TVET in India, is currently limited, and plagued with several issues including access to financing. As a part of the partnership, Varthana would be making funds accessible to students enrolling in skill development training at attractive rates. This is in line with Varthana’s mission of bridging the education financing gap for low-income populations so that youth in India can have access to quality, affordable education.

Satmeet Singh, Head-Student Solutions at Varthana stated, “TVET is on the development agenda for many countries. Financing has been a huge barrier for students who wish to enrol for technical and vocational training courses. Varthana has been working closely with hundreds of skill development institutes to bridge this gap and has been financing students for skilling and upskilling through these courses.” Further adding that this initiative will provide significant financial support and employment opportunities to the students, he emphasized, “I would like to extend my gratitude to NSDC for bestowing their trust and giving us an opportunity to contribute to the nation’s growth through this initiative.”

All interested students can get in touch with their nearest NSDC approved training centres for more information.

VMware Named A Leader In The 2022 Gartner Magic Quadrant For Unified Endpoint Management For Fifth Year In A Row

* Company Also Receives Highest Product Scores in all Four Use Cases in 2022 Gartner® Critical Capabilities for Unified Endpoint Management Tools Report

VMware, Inc. (NYSE: VMW) today announced it has been positioned by Gartner, Inc. as a Leader in the 2022 Magic Quadrant for Unified Endpoint Management (UEM). This is the fifth consecutive year Workspace ONE – a core technology supporting unified endpoint management requirements that is part of VMware’s Anywhere Workspace - has been named a Leader in the Gartner  Magic Quadrant for unified endpoint management.

In addition, VMware received the highest product scores in the 2022 Gartner Critical Capabilities for Unified Endpoint Management Tools report across all four defined Use Cases – Security-Centric Management, Remote Worker, Modern Windows Management, and Non-Standard PC.

“Today’s workforce faces key challenges like fragmented security, operational complexity and subpar experiences,” said Shankar Iyer, Senior Vice President and General Manager, End-User Computing, VMware. “In our view, this recognition validates our mission to enable employees to work from anywhere more securely and without friction, while supporting our customers’ most pressing priorities including workplace modernization, zero trust security, a great digital employee experience and profound time and cost savings.”

About VMware Anywhere Workspace and Workspace ONE

VMware Anywhere Workspace is an integrated platform that enables employees to work from anywhere with more secure and frictionless experiences. It brings together all the necessary solutions into a single experience for IT and employees, including Unified End-point Management with Workspace ONE UEM, desktop as a service (DaaS) with Horizon, Digital Employee Experience (DEX), and Workspace Security.

Workspace ONE UEM provides a comprehensive solution that enables companies to manage and better secure any device across all platforms. This UEM platform gives IT teams control over the highly diversified device deployments found in so many organizations today, while ensuring enterprise security at every level. Standout features include:

Manage Every Endpoint on Every Platform: Manage and secure all devices (mobile, desktop, special-purpose, etc.) and apps (native, SaaS, virtual, etc.) at scale with a single powerful solution by taking advantage of modern, cloud-native efficiencies.

Intelligence to Enlighten and Automate: IT teams get real-time visibility into the entire technology environment with Workspace ONE Intelligence, enabling informed, data-driven decisions. Proactive analytics help IT with faster resolution of issues that can negatively impact the overall digital employee experience (DEX) and security. Using the no-/low-code automation framework of Workspace ONE Freestyle Orchestrator, admins can automate routine and complex processes to minimize manual tasks for the IT team. 

Consistent Employee Experience: Employees work effectively on the go by providing a self-service unified app catalog that is consistent in look, feel, and function across all devices and platforms. The self-service digital workspace provides secure, single sign-on (SSO) access to all apps, actionable notifications, corporate communications, and support resources – all at one touch. Built-in per-app tunneling secures sessions even with apps behind a firewall. 

Automated Out-of-the-Box Device Onboarding: New devices register over the air during initial power-up with customizable configuration tools like Windows Drop Ship Provisioning, automated device enrollment with Apple Business Manager, zero-touch enrollment of rugged devices, and more. Admins can easily set up and customize the imageless configuration of work profiles such as email, VPN, Wi-Fi, apps, content, intranet sites, and other back-end resources. This gives employees immediate access to email, apps, and data within minutes of device startup, all of which ensures immediate user productivity and a positive employee experience no matter where the user is located.