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Concentrix and Webhelp Complete Combination, Creating a Diversified Global CX Leader, Well-Positioned for Growth

NEWARK, Calif., Sept. 25, 2023 (GLOBE NEWSWIRE) — Concentrix Corporation (NASDAQ: CNXC), a leading global provider of customer experience (CX) services and technologies, today announced it has closed its combination with Webhelp and the integration of the two companies is underway. While the combined company finalizes its permanent name, it will operate under the trade name Concentrix + Webhelp.

This combination further positions Concentrix + Webhelp as a global CX leader, with an expanded breadth of generative AI solutions, digital capabilities, and high–value services. It also strengthens its end–to–end CX value proposition, with one of the most robust, well–balanced global footprints in the industry to help the world's best brands transform customer experiences and achieve their business goals.

"I am excited to embark on this new journey together and believe that, with our combined strengths, we are uniquely positioned to redefine the industry and design, build and run the future of CX for our amazing and valued clients. I want to thank our game–changers around the world who have made this possible. I am truly honored to work with such a diverse and talented team," said Chris Caldwell, CEO of Concentrix + Webhelp.

The company also welcomes two new members to the Board of Directors, Olivier Duha and Nicolas Gheysens. Olivier is an entrepreneur, philanthropist, co–founder, and former CEO of Webhelp and will serve as Vice Chair of the Board. Nicolas is a Partner at Groupe Bruxelles Lambert ("GBL"), the company's largest shareholder following the Concentrix + Webhelp combination, and brings with him a wealth of investment and board experience, backing the growth of large and successful businesses across Europe.

"We are fortunate to add such strong skill sets with deep background in the customer experience industry to our Board. With the addition of Olivier and Nicolas, we expand our international expertise in leading large, complex multinational companies on a successful path for growth," said Kathryn Marinello, Concentrix Chair of the Board.

This combination is a milestone moment, bringing together two recognized market leaders with complementary cultures, footprint, capabilities, and vision for growth across more than 70 countries. At closing, the transaction was valued at approximately $4 billion, including net debt.

About Concentrix + Webhelp
Hi, we're a leading global provider of customer experience (CX) solutions and technology. We create game–changing customer journeys for some of the world's best brands, and the ones that are changing the world as we know it. Every day, we Design, Build and Run CX that helps brands grow across the world and into the future. Whether it's a specific solution or the whole end–to–end journey "" we've got it covered. We're the strategic thinkers who design brand–defining experiences. The tech geeks who build smarter solutions. And the operational experts who run it all and make it work seamlessly. Across 70+ countries and six continents, we provide services across key industry verticals including technology & consumer electronics; retail, travel & ecommerce; banking, financial services & insurance; healthcare; communications & media; automotive; and energy & public sector. Concentrix Corporation (NASDAQ: CNXC) operating under the trade name Concentrix + Webhelp. Location: virtually everywhere. Visit concentrix.com to learn more.

Safe Harbor Statement
This news release includes forward–looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward–looking statements include, but are not limited to, statements regarding the integration of the Concentrix and the Webhelp businesses, the strengths and differentiation of the combined businesses, our positioning in the industry, and statements that include words such as believe, expect, may, will, provide, could and should and other similar expressions. These forward–looking statements are inherently uncertain and involve substantial risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Risks and uncertainties include, among other things: risks related to the ability to successfully integrate the Concentrix and Webhelp businesses; our ability to realize estimated cost savings, synergies or other anticipated benefits of the combination, or that such benefits may take longer to realize than expected; diversion of management's attention; the potential impact of the combination on relationships with clients and other third parties; risks related to general economic conditions, including consumer demand, interest rates, inflation, supply chains and the effects of the conflict in Ukraine; cyberattacks on our or our clients' networks and information technology systems; the failure of our staff and contractors to adhere to our and our clients' controls and processes; the inability to protect personal and proprietary information; the inability to execute on our digital CX strategy; the loss of key personnel or the inability to attract and retain staff with the skills and expertise needed for our business; increases in the cost of labor; the effects of the COVID–19 pandemic and other communicable diseases, natural disasters, adverse weather conditions or public health crises; geopolitical, economic and climate– or weather–related risks in regions with a significant concentration of the our operations; the inability to successfully identify, complete and integrate strategic acquisitions or investments; competitive conditions in our industry and consolidation of our competitors; higher than expected tax liabilities; the demand for CX solutions and technology; variability in demand by our clients or the early termination of our client contracts; the level of business activity of our clients and the market acceptance and performance of their products and services; currency exchange rate fluctuations; the operability of our communication services and information technology systems and networks; changes in law, regulations or regulatory guidance; damage to our reputation through the actions or inactions of third parties; investigative or legal actions; and other factors contained in the Company's Annual Report on Form 10–K for the fiscal year ended November 30, 2022 filed with the Securities and Exchange Commission and subsequent SEC filings. We do not undertake a duty to update forward–looking statements, which speak only as of the date on which they are made.

Copyright 2023 Concentrix Corporation
All rights reserved. Concentrix, Webhelp, Concentrix + Webhelp, the Concentrix and Webhelp logos, and all other Concentrix company, product and services names and slogans are trademarks or registered trademarks of Concentrix Corporation and its subsidiaries. Concentrix and the Concentrix logo Reg. U.S. Pat. & Tm. Off. and applicable non–U.S. jurisdictions. Other names and marks are the property of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5f66a659–481a–4e4e–809d–72dcadc4c2b2


GLOBENEWSWIRE (Distribution ID 8927595)

ROSEN, A RANKED AND LEADING FIRM, Encourages RTX Corporation f/k/a Raytheon Technologies Corporation Investors to Secure Counsel Before Important October 2 Deadline in Securities Class Action Initiated by the Firm – RTX

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of RTX Corporation f/k/a Raytheon Technologies Corporation (NYSE: RTX) between February 8, 2021 and July 25, 2023, both dates inclusive (the "Class Period"), of the important October 2, 2023 lead plaintiff deadline in the securities class action commenced by the firm.

SO WHAT: If you purchased RTX securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the RTX class action, go to https://rosenlegal.com/submit–form/?case_id=17866 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 2, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose, among other things, that: (1) the Geared Turbofan ("GTF") engines had been affected from at least 2015–2020 by a quality control issue; (2) this quality control issue would require RTX to recall and reinspect many of its GTF airplanes, affecting customers and harming its business; and (3) as a result, defendants' statements about its business, operations, and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the RTX class action, go to https://rosenlegal.com/submit–form/?case_id=17866 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8927436)

ROSEN, LEADING INVESTOR ATTORNEYS, Encourages Party City Holdco Inc. Investors to Secure Counsel Before Important October 2 Deadline in Securities Class Action – PRTY, PRTYQ

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Party City Holdco Inc. (NYSE: PRTY) (OTC: PRTYQ) between November 8, 2022 and June 9, 2023, both dates inclusive (the "Class Period"), of the important October 2, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Party City securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Party City class action, go to https://rosenlegal.com/submit–form/?case_id=18067 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 2, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, the defendants: (1) affirmatively misrepresented that its capital resources "will be adequate to meet our liquidity needs for at least the next 12 months"; (2) omitted that there was substantial doubt about Party City's ability to continue as a going concern; (3) downplayed the nature and extent of Party City's then existing liquidity problems; (4) omitted that Party City's existing credit facilities were insufficient to satisfy its operational needs and that it was unable to obtain additional loans in the normal course of business; and (5) omitted that there was a material weakness in its internal control over financial reporting. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Party City class action, go to https://rosenlegal.com/submit–form/?case_id=18067 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm or on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm.

Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm's attorneys are ranked and recognized by numerous independent and respected sources. Rosen Law Firm has secured hundreds of millions of dollars for investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

———————————————–

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8927437)

ROSEN, A TOP RANKED LAW FIRM, Encourages Archer Aviation Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – ACHR

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of securities of Archer Aviation Inc. (NYSE: ACHR) between September 17, 2021 and August 15, 2023, both dates inclusive (the "Class Period"). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2023.

SO WHAT: If you purchased Archer Aviation securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Archer Aviation class action, go to https://rosenlegal.com/submit–form/?case_id=18433 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 20, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that: (1) the Company relied on heavily edited videos of earlier flights to exaggerate the amount of flight testing it had actually performed and the sophistication of its eVTOL aircraft; (2) the Company had misrepresented the nature and profitability of its business partnerships; (3) the Company was unlikely to secure FAA certification in the timeframe it had represented to investors, thereby delaying the start of mass production of its aircraft for commercial sales; (4) accordingly, the Company had overstates its financial position and/or prospects; (5) all of the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (6) as a result, the Company's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Archer Aviation class action, go to https://rosenlegal.com/submit–form/?case_id=18433 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8927434)

ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages PacWest Bancorp Investors to Secure Counsel Before Important Deadline in Securities Class Action – PACW, PACWP

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of PacWest Bancorp (NASDAQ: PACW, PACWP) between February 28, 2022 and May 3, 2023, both dates inclusive (the "Class Period"), of the important November 10, 2023 lead plaintiff deadline.

SO WHAT: If you purchased PacWest securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the PacWest class action, go to https://rosenlegal.com/submit–form/?case_id=13000 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than November 10, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, throughout the Class Period, defendants made materially false and/or misleading statements and/or failed to disclose that: (1) PacWest had understated the impact of interest rate hikes on Pacific Western Bank ("PWB"), a smaller bank with excessive concentration in specific industries; (2) accordingly, PacWest had overstated the stability and/or sustainability of its deposit base; (3) as a result, PacWest was exceptionally vulnerable to excessive deposit flows and/or a liquidity crisis; and (4) as a result, defendants' public statements were materially false and/or misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the PacWest class action, go to https://rosenlegal.com/submit–form/?case_id=13000 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8927433)

ROSEN, TOP RANKED GLOBAL COUNSEL, Encourages Masimo Corporation Investors to Secure Counsel Before Important Deadline in Securities Class Action – MASI

NEW YORK, Sept. 24, 2023 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of Masimo Corporation (NASDAQ: MASI) between February 28, 2023 and July 17, 2023, both dates inclusive (the "Class Period"), of the important October 23, 2023 lead plaintiff deadline.

SO WHAT: If you purchased Masimo securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Masimo class action, go to https://rosenlegal.com/submit–form/?case_id=18661 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than October 23, 2023. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants misled investors by creating the false impression that they possessed reliable information pertaining to the Company's sales pipeline. In reality, defendants' forecasting processes failed to adequately account for potential loss of sensor sales among Masimo's customers, as well as the potential decline in demand for premium and luxury audio categories. Alternatively, defendants deliberately ignored the decline in sales. In either event, defendants misled investors by providing the public with materially flawed revenue guidance for fiscal 2023. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Masimo class action, go to https://rosenlegal.com/submit–form/?case_id=18661 or call Phillip Kim, Esq. toll–free at 866–767–3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the–rosen–law–firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686–1060
Toll Free: (866) 767–3653
Fax: (212) 202–3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com


GLOBENEWSWIRE (Distribution ID 8927431)

UN Meets on Effective Responses to Loss and Damage Ahead of COP28

The aftermath of the flood in the Libyan city of Derna. Credit: UNHCR/Ahmed Al Houdiri T

The aftermath of the flood in the Libyan city of Derna. Credit: UNHCR/Ahmed Al Houdiri T

By Joyce Chimbi
NAIROBI, Sep 22 2023 – African countries are increasingly in the eye of deadly climate-induced disasters. Recent devastating extreme events include intense shattering earthquakes in Morocco, followed shortly by catastrophic floods in Libya this September that left 11,300 people dead, according to Libya’s Red Crescent.

A quarter of Libya’s Port City of Derna – the epicentre of this tragedy – was wiped off the map. Planet warming pollution made the tragedy in Libya 50 times more likely to occur and 50 percent worse. 

“As global warming intensifies, the outlook worsens, losses and damages increase and become increasingly difficult to avoid, the projections are dire – regional disparities and food security are poised to affect tens to hundreds of millions of people in low- and middle-income countries, flood risk is anticipated to result in an additional 48,000 deaths of children by 2030,” said Dr Adelle Thomas, lead author on the Sixth Assessment Report of the United Nations Intergovernmental Panel on Climate Change (IPCC) – the sixth in a series of reports which assess scientific, technical, and socio-economic information concerning climate change.

“For small islands and coastal communities, both slow onset and extreme events threaten to render these places uninhabitable. In this context, we find that current financial and institutional structures are failing to comprehensively address losses and damages, particularly in vulnerable developing nations. More than 50 percent of the debt increase in vulnerable nations is linked to funding disaster recoveries and reconstruction. It is an unjust and unsustainable predicament with those least responsible for climate change are shouldering the burdens and costs of loss and damage.”

Speaking during a special UN meeting on loss and damage on September 20, 2023, Amina J Mohammed, the Vice Secretary-General of the United Nations, said that this is an issue that the Secretary General of the United Nations “always got fire under our feet for and to make sure we deliver as we go to COP28. The imperative to act urgently and collectively, we all know, cannot be overstated, and this special meeting is taking place on the margins of the secretary general’s Climate Ambition Summit.”

Stressing that the global community must come together, redouble its efforts in rapidly reducing greenhouse gas emissions in line with the Paris Agreement and significantly enhancing adaptation resilience in the face of these inevitable changes. It is also equally imperative that the global community address the irreversible impacts that have already been set in motion.

“Many nations, particularly those which are least responsible for the current climate crisis, find themselves at the frontline of its effects. To address the climate injustice, a historic decision was taken at COP27 to establish new funding arrangements, including a fund for loss and damage. It is possible to have a world that is secure, where no one is left behind. Keeping the promise of the 2030 agenda and also of the Paris Agreement,” Mohammed emphasised.

The special meeting on loss and damage supported efforts by the Transitional Committee in line with the mandate that was given to them by the parties of the Paris Agreement. Emphasizing that urgent action was needed as the least polluting countries were in the frontline of a deadly climate crisis.

“More than 110 million Africans are being directly affected by climate and water-related hazards in 2022, and that caused more than 8.5 billion dollars in economic damages. Our global projected economic cost of loss and damage are to be in the range of hundreds of billions by 2030,” Mohammed expounded.

At the same time, unsustainable debt burdens, spiralling inflation and currency fluctuations are adding to the difficulties and hardships that the most vulnerable countries face. Initiatives such as the SDGs Stimulus to Deliver Agenda 2030 are now in place to keep the 2030 promise by offsetting challenging market conditions faced by developing countries and accelerating progress towards the SDGs.

Genaro Matías Godoy González, a youth representative from YOUNGO – the official children and youth constituency of the United Nations Framework Convention on Climate Change (UNFCCC) emphasised that climate inaction should pay a price and that “the call for loss and damage finance is inherently a call for both climate action and climate justice. It means the hope of reparations for the billions of people whose livelihoods are lost and the responsibility of decision-makers to fix the pathway of a monetary and financial system that helps our world to expand its growth but fails to account for planetary boundaries on how we should direct growth.”

González spoke of the need for transformative change – recognising the climate and ecological debt to the people and ecosystem. To rebuild and regenerate the lost livelihoods – international financial institutions have a moral imperative to be part of the transition and transformation of our global financial system.

“Central banks must include the risk of financial inaction in the risk assessments of its monetary policy, report accordingly, and the right incentives put in place. Climate financing for addressing loss and damage must not come at the expense of other forms of climate financing to support comprehensive climate action. It must be new and additional and aligned with SDGs, conservation of nature and climate resilience development. They should not create more debt burden for developing countries that are already trying to survive the climate crisis while being strangled by debt and being forced to extract nature,” he said.

To underpin the need for effective financial models for loss and damages, Thomas delivered a dire warning from the heart of the Sixth IPCC assessment report – “Human-induced climate change has inflicted widespread and severe losses and damages – disproportionately affecting developing countries and the most vulnerable among us. The numbers paint an alarming picture – about 3.3 billion people reside in highly vulnerable countries, exposing them to the most severe climate impacts. Human mortality from extreme events was 15 times higher in highly vulnerable regions.”

“Millions of people are grappling with acute food insecurity, concentrated in Africa, Asia, Central and South America, least developed countries and small islands. Severe droughts have resulted in nearly six million children in the developing world becoming underweight. Extreme events are resulting in billions of dollars in damages – at times, exceeding the GDP of developing countries,” Thomas added.

Losses and damages have wrecked greater economic havoc and impoverished regions and among more vulnerable populations, including the poor, women, children and indigenous peoples. The scientific evidence is undeniable – urgent, comprehensive and transformative action is imperative to respond to the escalating levels of loss and damage.

IPS UN Bureau Report

 


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Reality is Governments Not Truly Held Accountable to Implement SDGs

The SDG Summit gets underway in the General Assembly hall at UN Headquarters in New York. September 2023. Credit: UN Photo/Cia Pak

By Simone Galimberti
KATHMANDU, Nepal, Sep 22 2023 – What does transformative and sweeping really mean in the overarching efforts to achieve the Agenda 2030?

With the conclusion of the second edition of the SDG Summit, it is time for stocktaking on what was agreed at the United Nations HQ in New York this week. At the core of the Summit were not the several Leaders’ Dialogues that, as important as it can be to have heads of state and government reflecting on the Agenda, are just talking shops without any practical implications.

Instead, what deserves more scrutiny is the Political Declaration that was issued during the Summit after months of negotiations facilitated by the governments of Ireland and Qatar. The document has been heralded as truly significant, a “transformative and sweeping” game-changer that will be able to reposition sustainable development at the center of the global deliberations.

But is it really so?

Certainly, the Declaration contains some bold language that truly makes an attempt at securing the international community’s steadfast leadership towards the Agenda 2030. Yet would this be enough to command not only the commitment of the world’s government to achieve it but also a through follow up and implementation in the months and years ahead?

As we know, the SDGs are far from being on track and each report being published, confirms it. The fact that the Declaration is comprehensive because it covers the whole spectrum of policy making that is covered by the 17 SDGs contained in the Agenda, is hardly enough.

After all, the expectations were high as the document was supposed to be an actionable and provide impetus for change.

Real leadership means and implies actions and after the conclusion of the Summit, no one can be optimistic that the governments will concretely step up. The reality, no matter how much the UN is trying to portray it in a such a way, those expecting doable, concrete and detailed advances, are now feeling disappointed and frustrated and rightly so.

It is true that the final text does offer a lot of attention has been given to the inter-linked challenges of climate change and biodiversity loss. Yet for these two global issues, any figures estimated to address them, disappeared from the final approved document.

Indeed, any references to the goal of delivering 100 billion US Dollar by 2025 (yearly, let’s not forget it, even if this detail did not make even in one of the initial draft circulated) did not find space in the approved Declaration. The same could be said for the $700 billion biodiversity fund included in the Kunming-Montreal Global Biodiversity Framework.

A consolation could be found in having the proposal of an SDG Stimulus, one of the key proposals being pushed by the UN Secretary Geneal, being mentioned. Unfortunately, also in this case, the number of $ 500 billion annually proposed by Mr. Guterres did not make the final cut.

With the industrialized nations struggling to deliver on their promises in the field of climate action, having a paragraph, even though a brief one on the Stimulus, can be seen as a victory especially for Mr. Guterres. The Secretary General might feel mixed emotions about the final Political Declaration.

It is true that his ambitious idea of the Summit of the Future, scheduled in 2024, got included even though apparently without much enthusiasm from the international community. Yet, on the other hand, the concept of a New Social Contract, so central to the reform agenda of Mr. Guterres, was completely ignored.

This might be unsurprising considered the political implications (and consequences) of what can be described as a bold attempt at reviewing and renewing the relationships and dynamics between the state and its citizens.

After all, at the United Nations everything that sounds too political (and truly transformative) is going to be strongly pushed back by the member states, especially those which have their own “unique” understanding of democracy and human rights.

Positively and probably unexpected was the attention that the Declaration gave to the latter. Indeed, human rights found acceptance in the document not only once but multiple times and this is praiseworthy, albeit, only symbolically.

A disappointment is the fact that no space was given to the importance of civic engagement, itself an element instrumental to bring forward the idea of a New Social Contract. Yet, even without any linkages to this overtly progressive idea, civic engagement and with it, one of its greatest manifestations, volunteering, did not find any space in the document.

Apparently UNV was not particularly active in the drafting process nor throughout the jamboree of side events organized around the SDG Summit and this is quite alarming. Even more is the fact that the Declaration does not offer any transformative plans or promises to empower youths.

It is as if the Policy Brief published in April by the Office of the Secretary General, Meaningful Youth Engagement in Policymaking and Decision-Making Process was not at all digested by the member states involved in the drafting of the final document.

On this regard, the establishment of an UN Youth Office, another key part of the reform agenda of Mr. Guterres, while significant, it is not at all transformative if tools and mechanisms are not created to enable youths to participate.

The issue of localization of the SDGs, probably, the best approach to involve and mobilize citizens, especially the youths in the pursuit of the Agenda 2030, also did not find due prominence. Likewise, the whole process of the Voluntary National Reviews or VNRs was not highlighted the way it should have been.

It remains quite incomprehensible why the member states are not so keen to translate the SDGs at local level. “We will continue to integrate the SDGs into our national policy frameworks and develop national plans for transformative and accelerated action” reads the Declaration.

“We will make implementing the 2030 Agenda and achieving the SDGs a central focus in national planning and oversight mechanisms”, the document further adds.

This acknowledgement is certainly welcomed but only a lot of political capital and commitment will be able to translate these lofty sentences in a truly revolution in the way policy making is currently carried out that is, far too remote and disconnected from the people.

Yet localizing the SDGs should have been seen as a true game changer and much more focus should have been devoted to. We should have gone well beyond the statement found in the Declaration, according to which, the Leaders says that “will further localize the SDGs and advance integrated planning and implementation at the local level.”

The Political Declaration is a positive document but, in no measure, a game changing one. The reality is that governments are not truly held accountable to implement their SDGs.

The VNRs mechanism is utterly inadequate and not only because it is voluntary but it is so also structurally speaking. Ultimately, there is no real watchdog with powers over the countries lacking their commitments in terms of delivering the SDGs nor the UN System has any real leverage to force the member states to submit their VNRs through a binding timeframe.

I wish the SDG Summit would resemble a COP Process like the annual one related to Climate Change with real pressure and real negotiations occurring. As per its current design, the leaders at the Summit just come to talk, preach, complain or condescending but there is no real high-level bargaining.

That’s why, for example, the wording on climate change, mentioned throughout the document, as significant as they are, do not touch the real debate of phasing down and phasing out fossil fuels.

In this context the fact that the Political Declaration did not mince a word on the ongoing but stalled negotiations on a legally binding mechanism or Treaty on Business and Human Rights, becomes, unfortunately, something superfluous and expendable.

The Writer is the Co-Founder of ENGAGE and The Good Leadership and is based in Kathmandu.

IPS UN Bureau

 


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Quantexa Appoints Industry Luminaries to its Advisory Board to Accelerate Growth Plans

LONDON, Sept. 22, 2023 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the private and public sectors, announced today that it has appointed three industry luminaries to its Advisory Board. These hires include Ralph Schlosstein, former CEO of Evercore and former President of BlackRock, Matthew Gould, former CEO of NHSX, and Sir Jeremy Fleming, Former Director of GCHQ. These distinguished leaders bring a wealth of expertise in finance, healthcare, and national security to Quantexa.

The expansion of Quantexa's Advisory Board comes at a pivotal time for the organization, following the completion of a $129 million Series E funding round, led by GIC, where Quantexa joined an elite group of UK tech companies reaching breakout unicorn status. It was also announced this year that Quantexa will invest over $155M in the global AI industry over the next three years to help clients advance the use of AI to protect, optimize, and grow their organizations. By 2027, Quantexa's total global investment in AI will reach more than $250M.

Ralph Schlosstein, former CEO of Evercore and former President of BlackRock, brings decades of experience in investment banking to Quantexa's Advisory Board. His distinguished career includes playing a strategic role in helping the world's largest asset management firm go public. Ralph's financial acumen will play a pivotal role in shaping corporate strategy initiatives.

Matthew Gould, former CEO of NHSX, joins Quantexa's Advisory Board, after serving as the British ambassador to Israel between 2010 and 2015, where Gould helped to launch the UK–Israel Technologies Hub "" an initiative run in Tel Aviv to forge technology partnerships between UK and Israeli companies. More recently, Matthew leveraged his extensive background in healthcare to play a pivotal role in advising NHS on initiatives throughout the Covid–19 pandemic. At NHSX, Gould has been responsible for harnessing the power of data and technology to improve healthcare delivery. Matthew's deep expertise will help Quantexa identify the economies and industries for strategic focus and make decisions on commercial strategy.

Sir Jeremy Fleming, Former Director of GCHQ, and former Deputy Head of MI5, joins the Advisory Board with more than 30 years of experience in intelligence and technology. His extensive background includes developing the National Cyber Security Centre, where he strived to make the UK the safest place to live and do business online. With a passion for making technology use in government more transparent, Sir Fleming will enhance Quantexa's capabilities in addressing emerging threats and opportunities.

“We are pleased to welcome Ralph Schlosstein, Matthew Gould, and Sir Jeremy Fleming to our Advisory Board,” said Vishal Marria, CEO of Quantexa. “Their collective expertise in finance, healthcare, and national security will be invaluable as we continue to develop cutting–edge decision intelligence solutions that address the evolving needs of the market.”

"Quantexa's AI–enabled technology allows its customers to protect, optimize, and grow their organizations with efficiency and transparency," said Ralph Schlosstein, former CEO of Evercore and former President of BlackRock. "I believe Quantexa is well–positioned to capture the opportunities ahead and increase its share of the emerging Decision Intelligence category. I am looking forward to supporting the executive team as they work to accelerate their organic and inorganic growth strategy."

“It's an exciting time for me to be joining Quantexa's Advisory Board, at this critical stage of growth for the company,” said Matthew Gould. “Quantexa's innovative approach to helping customers in the private and public sectors make data their most valuable utility is revolutionizing decision making across multiple industries. I look forward to working alongside the talented team at Quantexa to connect data and drive better outcomes for organizations."

Sir Jeremy Fleming, Former Director of GCHQ commented "I'm thrilled to be part of a company at the forefront of AI innovation. I look forward to combining my experience with Quantexa's impressive capabilities, which will continue to shape how their customers use data to protect businesses and citizens."

With the help of its Advisory Board, Quantexa remains dedicated to empowering organizations to make trusted operational decisions through innovative Decision Intelligence solutions. For more on Quantexa's Leadership team, visit here.

###

About Quantexa"

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa's Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 650 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, Dublin, New York, Boston, Washington DC, Toronto, UAE, Malaga, Amsterdam, Luxembourg, Brussels, Melbourne, Sydney, and Singapore. For more information, follow us on LinkedIn.

Media Inquiries:
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight""
E: Quantexa@fightflight.co.uk""
"
C: Adam Jaffe, SVP of Corporate Marketing""
T: +1 609 502 6889""
E: adamjaffe@quantexa.com""


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WPC Energy Marks the End of a Successful 24th World Petroleum Congress in Calgary

CALGARY, Alberta, Sept. 21, 2023 (GLOBE NEWSWIRE) — The 24th World Petroleum Congress (WPC) has come to a close after five days of engaging conversations centered on the theme "Energy Transition: The Path to Net Zero". The Organising Committee for Canada ("OCAN") is proud to share that the 24th WPC saw over 10,000 unique visitors to the exhibition, over 5,000 delegates in attendance at the Congress, and registrants from 111 countries.

"The 24th WPC has been an incredible success," said Denis Painchaud, President & CEO, OCAN. "We hit all our topline numbers and have received incredibly positive feedback about the overall experience from participants. I want to thank attendees, speakers, sponsors and exhibitors, as well as our Board, organizing team, employees, contractors and volunteers for making this a truly special event. I would also like to thank Minister Wilkinson, Premier Smith and Mayor Gondek for their participation and support. This event has been a win for the global energy industry, the Canadian energy industry, for Canada and for Calgary."

"We are thrilled to celebrate the progress achieved during a week of productive and engaging dialogue at the 24th WPC," said Pedro Miras, President, WPC Energy. "WPC Energy's vision is to facilitate an open dialogue around oil, gas, energy and its products with participation from around the world. We look forward to continuing these important conversations as we look forward to the 25th WPC taking place in Saudi Arabia in 2026."

Notable highlights from the 24th WPC included:

  • The Opening Ceremony took place on Sunday, September 17 which included a ceremony to officially mark the transition from World Petroleum Council to a new name, WPC Energy. The Opening Ceremony also included a keynote address from the Honourable Jonathan Wilkinson, Minister of Energy and Natural Resources of Canada and remarks from Danielle Smith, Premier of Alberta and Jyoti Gondek, Mayor of Calgary.
  • Day one of the Congress featured a Ministerial Dialogue with HRH Prince Abdulaziz Bin Salman Al Saud. This included an MOU signing to officially pass organizing privileges of WPC to Saudi Arabia, which will be hosting the 25th edition in Riyadh in 2026. Following this session, WPC Energy President Pedro Miras presented Aramco President & CEO Amin Nasser with the prestigious WPC Dewhurst Award, recognizing his leadership and contributions to the oil and gas industry.
  • The exhibition floor was heavily populated all four days, attracting visitors and delegates alike to discover features including the Carbon Tech Expo, Canada House, Digital Poster Plaza and Sustainability & Social Responsibility Pavilion. Sponsors and attending organizations have stated that they enjoyed a tremendous amount of business success at the event and felt that they achieved full value for their investments.
  • Feedback from attendees has consistently highlighted the strength of WPC's speaker panels. The programme included seven plenary sessions, daily luncheon panels, ministerial sessions with global participation, CEO strategic sessions and technical forums, with government representatives, CEOs, academics and more from around the world.
  • Congress proceedings concluded with the WPC Excellence Awards (WPCEA), presented Thursday afternoon. These awards distinguish companies, institutions or any public or private organization engaged in the oil and gas industry for promoting or operating with high excellence standards. The 2023 WPCEA recipients included:
    • WPCEA for Social Responsibility:
      • Kilang Pertamina Internasional Refinery Unit III Plaju: Lighting More Hopes – Indonesia (Small Company)
      • Marun Petrochemical Company: MAHSHAHR Deserves the Best – Iran (Large Company)
    • WPCEA for Technological Development:
      • Micro–Bac International: Bacterial application for environmental and economical improvements in SWD assets – USA (Small Company)
      • Saudi Aramco: Sensor Ball – Saudi Arabia (Large Company)
    • WPCEA for Gender & Inclusion
      • Bahrain Petroleum Company (BAPCO): Women of Tomorrow "" A strategic initiative for Gender & Inclusion "" Bahrain
  • Calgary welcomed people from all over the world to participate in WPC. Hotels, restaurants and event spaces all opened their doors to delegates and visitors "" a true demonstration of Calgarian hospitality and a major contributor to the overall success of the event.

Recognizing our Sponsors
OCAN is pleased to recognize the Diamond, Platinum and Elite sponsors of the 24th WPC for their support: Accenture, Aramco, CNPC, Saudi Arabia Ministry of Energy, Sinopec, Canadian Natural Resources Limited, Cenovus Energy, Pathways Alliance, Repsol, Suncor, bp, Bennett Jones, Canadian Association of Petroleum Producers, Chevron, Deloitte, Enbridge, ExxonMobil | Imperial, Petrobas, PwC Canada, S&P Commodity Insights, Sonangol EP and WestJet. OCAN would also like to recognize its government partners including PrairiesCan, the Government of Alberta and the City of Calgary for their funding and in–kind contributions and support.

To learn more about what took place at the 24th WPC, please visit www.24wpc.com. To stay connected to WPC Energy and updates regarding the 25th WPC in Riyadh in 2026, please visit www.world–petroleum.org.

About the World Petroleum Congress
Held every three years in WPC Energy member countries, the World Petroleum Congress is the world's premier oil, gas and energy forum that attracts the attendance of heads of state, energy leaders and technical experts who discuss the challenges and opportunities of managing the world's petroleum and energy resources for the benefit of all. Under the theme of "Energy Transition: The Path to Net Zero," the 24th WPC in Calgary featured a multi–stream conference, including strategic and technical sessions, an international exhibition covering 225,000 ft2, programming for young professionals, and special events such as Canada Night, Women's Networking Breakfast, Ministerial Reception, Excellence Awards and much more.

The information presented at the Congress, as well as the discussions and debates around the progressive programme topics, will help to define realistic, workable paths forward for the global energy industry to achieve a net zero future.

About WPC Energy
Established in 1933, WPC Energy, formerly World Petroleum Council, is a non–advocacy, non–political organization with charitable status in the U.K. and has accreditation as a Non–Governmental Organization (NGO) from the United Nations (UN). WPC Energy is dedicated to the promotion of sustainable management and the use of the world's energy resources for the benefit of all. WPC Energy conducts the triennial World Petroleum Congress, covering all aspects of the industry including management of the industry and its social, economic, and environmental impact.

For information about the 24th World Petroleum Congress, contact:
Rebecca Hurl, Brookline Public Relations
E–mail: rhurl@brooklinepr.com
www.24wpc.com

For further information about WPC Energy, contact:
Sarah Beattie, Project Manager
E–mail: sarahb@world–petroleum.org
www.world–petroleum.org


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