Chargebee Raises Another $250M to Meet Surging Demand from Growing Subscription and SaaS businesses

Funding led by Tiger Global and Sequoia more than doubles valuation to $3.5B in just 9 months

SAN FRANCISCO, Feb. 01, 2022 (GLOBE NEWSWIRE) — Chargebee, the leading subscription management platform, today announced the closing of a $250 million investment round co-led by Tiger Global and Sequoia Capital, along with returning investors including Insight Partners, Sapphire and Steadview Capital. This round follows a previous round in April raising $125 million at a $1.4 billion valuation, bringing the total investment in the company to $470 million.

More businesses are becoming or being born as recurring revenue businesses. UBS financial services firm predicts that this “subscription economy” will grow to $1.5 trillion by 2025, more than doubling its current $650 billion estimate. As the market grows, so does the opportunity for Chargebee’s global customer base. The new round of funding will be used towards product innovation and global expansion to support the billing and revenue needs of current and future subscription businesses, as well as strategic corporate growth initiatives.

“We built Chargebee to solve infrastructure issues facing high-growth subscription businesses with a product roadmap laser focused on replacing in-house systems orchestrating the complex parts of revenue intelligence like billing and payments. As subscription offerings continue to rapidly evolve, our focus remains on providing a flexible growth engine to power, capture and understand revenue, all in real time,” said Krish Subramanian, CEO and co-founder of Chargebee. “This round of funding will drive innovation to empower the next generation of businesses leveraging subscription billing models to quickly start, scale and transform.”

Chargebee manages revenue operations for subscription-based businesses ranging from early-stage startups to larger enterprises, including Freshworks, Calendly, Doodle and Pret a Manger. Through simple and seamless integrations, Chargebee captures the entire revenue lifecycle from first interaction to the closing of the books each month, empowering teams to make business growth decisions with confidence.

“We believe every company will be a subscription company in the future. The predictability of a subscription business model is extremely attractive, and Chargebee is the leading revenue management partner for the subscription economy. Its platform offers customers a real-time 360-degree view into revenues and user behavior and the intelligence they can use to quickly adapt and make better business decisions. Sequoia’s investment reflects the growing market need and belief in the Chargebee team,” said Tejeshwi Sharma, MD, Sequoia India.

The company recently expanded offerings to build a unified revenue management platform with strategic acquisitions of leaders in revenue recognition (RevLock) and churn deflection and retention (Brightback). In the last year, the platform also added capabilities to optimize revenue growth with new payment methods and gateways, support for one-time payments to meet local tax and e-voicing regulatory and compliance requirements, enhanced reporting and analytics and updated integrations with ERPs (Netsuite and Microsoft Dynamics) and CRMs (Hubspot and Zoho) to support more complex sales motions. The company has also expanded globally with new offices and investments in Australia and India and partnerships with industry leaders including GoCardless, Salesforce, Hubspot and PayPal.

About Chargebee

Chargebee is the subscription management platform that automates revenue operations of over 4,000 subscription-based businesses from startups to enterprises. The SaaS platform helps subscription businesses across verticals, including SaaS, eCommerce, e-learning, IoT, Publications, and more, manage and grow revenue by automating subscription, billing, invoicing, payments, and revenue recognition operations and provides key metrics, reports, and business insights. Founded in 2011, Chargebee counts businesses, like Okta, Freshworks, Calendly, and Study.com amongst its global customer base. Learn more about Chargebee at www.chargebee.com

Media Contact
Penny Desatnik
penny@chargebee.com

Lantronix Launches Application-Specific Industrial IoT Solutions Based on Its New G520 Series Cellular Gateways

Solutions target three verticals: Industry 4.0, Security and Transport

IRVINE, Calif., Feb. 01, 2022 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for intelligent IT and Internet of Things (IoT), today announced its launch of application-specific industrial IoT solutions that address concerns in Industry 4.0, Security and Transport markets with its G520 Series Smart cellular IoT devices and services. Now available are the G520 Industrial, a competitive cellular industrial protocol converter router; and G520 Security, a high-speed LTE CAT13 and 5G communication router to reduce cybersecurity threats. G520 Transport will be launched later in 2022.

The G520 industrial and security gateways offer a complete solution and comes pre-configured with Lantronix’s award-winning ConsoleFlow™ cloud-based device management, which increases operational efficiency by providing a single pane from which to manage remote assets. It also comes pre-configured for Lantronix Connectivity Services, which provide North American and global cellular data plans and VPN security with an easy-to-use cloud platform to manage SIMs and services.

“In response to the rapidly growing Industrial IoT market, Lantronix delivers competitive solutions that address and solve the market’s challenges,” said Paul Pickle, CEO of Lantronix. “Our offerings of software, hardware and connectivity services provide our customers with the proven integration and ease-of-use needed for success in today’s IoT-driven world.”

According to Berg Insight, global cellular IoT device shipments increased by 14 percent in 2020 to reach 302.7 million units and are forecasted to grow at a compound annual growth rate (CAGR) of 15.8 percent to reach 629.6 million units by 2025.

Now available are:

  • G520 Industrial, which is an industrial-grade competitive Protocol conversion router with LTE communication, multiple interfaces and Fieldbus protocol conversions (e.g., Modbus, DNP3 and IEC) that are provisioned in minutes using the ConsoleFlow platform.
  • G520 Security, which supports high-speed LTE cat13 and 5G, reducing the possibility of cyberattacks with its dedicated quantum Security chip and Lantronix’s proprietary InfiniShield™ software suite while its small form factor and Power Over Ethernet function simplify deployment.

Coming soon is:

  • G520 Transport, which delivers the ultimate hybrid solution based on Lantronix’s 25 years of experience in telematics gateways and Wi-Fi mobile routing. With Wi-Fi on vehicle, location base, sensor enabled and CAN bus reading, G520 Transport is an easy-to-deploy and safely managed solution.

For more information, visit https://www.lantronix.com/products/g520/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room, and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2021, filed with the Securities and Exchange Commission (the “SEC”) on September 11, 2021, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2022 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-453-7158

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
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Mobile Marketing Analytics Platform Adjust Appoints New CEO

Adjust veteran Simon Dussart to lead next phase of global company growth

SAN FRANCISCO, Feb. 1, 2022 /PRNewswire/ — Adjust, the mobile marketing analytics platform, today announced that it has appointed Simon (Bobby) Dussart as CEO, effective immediately. Co-founder and former CEO Paul H. Müller will continue with the company in an advisory capacity.

Adjust has appointed veteran Simon "Bobby" Dussart as CEO of the mobile marketing analytics platform. Adjust has grown its customer base by over 30% in the past year, positioning the company well for continued accelerated growth under Dussart’s leadership. Dussart joined Adjust in 2014, and has played an instrumental role in Adjust’s transition from being a standalone mobile measurement partner (MMP) to the platform that powers marketers’ decision-making.

“Adjust is the leading global analytics platform it is today thanks to Paul’s vision, tenacity and passion for the industry,” said Adam Foroughi, Co-Founder and CEO of AppLovin, which acquired Adjust last year. “Bobby started with Adjust very early and has been fiercely dedicated to the product and the innovation of it ever since. He is passionate about meeting customers’ needs — keeping them at the center of everything Adjust does — and has natural leadership ability. All of this makes him the perfect person to lead Adjust in this next chapter.”

Adjust has grown its customer base by over 30% in the past year, positioning the company well for continued accelerated growth under Dussart’s leadership as Adjust’s new CEO. Most recently, Dussart served as the Chief Customer Officer (CCO), leading Adjust’s vast global client services organization, which ensures customers have all the tools and technical support they need for long-term success. He joined Adjust in 2014, as one of the company’s early team members, and has played an instrumental role in Adjust’s transition from being a standalone mobile measurement partner (MMP) to the platform that powers marketers’ decision-making, while becoming a go-to for clients as CCO.

“Bobby has been a valuable and trusted partner since the formation of Adjust, with his unique mix of expertise at the intersection of technology development, customer success, and operational management,” commented Müller. “He has an acute understanding of clients’ needs, why they choose Adjust over other MMPs, and how Adjust’s products are actually built, making him perfectly positioned to execute our vision of becoming the single set of solutions that empower mobile marketers in every aspect of their job.”

“Adjust is at an exciting and evolutionary point in our company journey. I look forward to this next chapter as we continue to develop innovative solutions that continue to address the needs of mobile marketers today — bringing added value to even more businesses across the globe, including accelerated growth in China and Southeast Asia, and continued leadership in EMEA and Japan,” said Dussart.

Dussart has held several roles during his 8-year tenure at Adjust, including serving as the Head of Solutions and Integrations and as Vice President of Support — all laser focused on supporting Adjust’s customers and understanding the intricacies of Adjust’s products to ensure they meet marketers’ evolving needs. Prior to joining the company, he held positions in software development at LaCIME Research Lab and BonGo Innovations, among others. Dussart holds a Master of Science degree in electronic and communications from Technological University Dublin, as well as a master’s in telecommunications and network engineering from IMT Nord Europe, one of the best-known public engineering schools in France.

About Adjust
Adjust  is the mobile marketing analytics platform trusted by growth-driven marketers around the world, with solutions for measuring and optimizing campaigns and protecting user data. Adjust powers thousands of apps with built-in intelligence and automation, backed by responsive global customer support.

In 2021, Adjust was acquired by AppLovin (Nasdaq: APP), a leading marketing platform providing developers with a powerful, integrated set of solutions to grow their mobile apps. Learn more about Adjust at www.adjust.com.

Contact info
Joshua Grandy
pr@adjust.com

Photo – https://mma.prnewswire.com/media/1737930/Dussart.jpg

Rapatriement de 395 réfugiés burundais de l’Ouganda

Ce 31 janvier, 395 réfugiés burundais en provenance du camp de Nakivale en Ouganda ont été accueillis à la frontière de Kobero en province de Muyinga, au nord-est du Burundi. Ils sont appelés à sauvegarder la paix de retour sur leurs collines d’origine.

Un convoi de 7 bus estampillés HCR avec d’autres véhicules de la même organisation est arrivé à la frontière burundo-tanzanienne de Kobero à Muyinga vers 14 heures.

Les réfugiés burundais ont été accueilli à la même frontière par le gouverneur de la province Muyinga, le directeur général chargé de rapatriement, l’ambassadeur de l’Union Européenne au Burundi et le représentant du HCR au Burundi.

Après la réception à la frontière, les rapatriés ont été acheminés vers le centre de transit de Kinazi à quelques kilomètres de la frontière. Arrivés dans ce centre, ils ont subi un test covid avant d’être enregistrés par les agents du HCR. Ils ont, par la suite, reçu un paquet-retour fait de vivres, de non-vivres et un peu d’argent. C’est dans ce même centre qu’ils vont passer 48 heures avant de regagner leurs collines d’origine.

Malgré la fatigue, ces rapatriés n’ont pas manqué à exprimer leur joie de regagner leur pays natal. Un ouf de soulagement pour eux. Ils racontent aussi le calvaire qu’ils ont vécu en exil.

« Je suis très heureux d’être au Burundi. J’avais très envie de retourner, mais cela n’a pas été facile. Nous avions de fausses informations en rapport avec le Burundi », a fait savoir Jean de Dieu Nzeyimana après son enregistrement.
Ce père de deux enfants se souvient des problèmes auxquels il faisait face dans le camp de réfugiés de Nakivale : « Il y avait pénurie de l’eau potable et manque de nourriture. En plus, les enfants ne pouvaient pas étudier facilement car les études sont très chères en Ouganda ».

Il appelle ceux qui restent dans le camp de Nakivale de rentrer au bercail : « Qu’ils n’aient pas peur. Je les encourage de rentrer ».

Espérance Manariyo, mère de cinq enfants et originaire de la commune Giteranyi en province Muyinga se souvient d’une vie difficile qu’elle menait dans le camp de Nakivale : « Il y a un manque criant de nourriture. Nos enfants étaient obligés d’aller mendier dans les ménages des Ougandais pour survivre ».

Heureuse de revoir son pays natal, elle espère une réintégration immédiate dans son voisinage.
« Il y en a beaucoup d’autres qui veulent rentrer au Burundi, mais qui attendent toujours leur tour », fait remarquer Claudine Irankunda, une autre rapatriée.

Le visage illuminé malgré la fatigue elle témoigne qu’elle éprouve une joie immense de se retrouver au Burundi après des années d’exil. Elle appelle la population sur sa colline natale de l’aider à se réintégrer : « Je suis prête à vivre avec les autres. J’espère que ceux qui sont restés sur la colline vont m’accueillir comme un des leurs ».

« Il n’y a pas de meilleur endroit que chez soi »

« Je sais que la décision de regagner votre pays n’était pas une décision facile, mais je crois que c’est la bonne décision. Il n’y a pas de meilleur endroit que chez soi », souligne Abdoul Karim Ghoul, représentant du HCR au Burundi.
Il rappelle aux rapatriés qu’ils ont la responsabilité de participer dans les efforts du gouvernement du Burundi. Et d’appeler les acteurs dans le rapatriement à aider dans le processus la réintégration effective de ces rapatriés.
En ce qui est de l’accompagnement des rapatriés sur leurs collines d’origine, il explique que le HCR les accompagne pendant une certaine période tout en rappelant que le suivi et l’accompagnement relève en grande partie de la responsabilité du gouvernement : « C’est le gouvernement qui doit gérer la réintégration ».

Le directeur général du rapatriement, de la réinstallation et de la réintégration des rapatriés, Nestor Bimenyimana demande à la population de bien accueillir ces rapatriés et faciliter leur réintégration sociale effective.
Il appelle ces rapatriés à sauvegarder la sécurité et la paix : « Il ne faut pas qu’un rapatrié soit une source de l’insécurité. Que vous soyez artisan de la paix ».

En outre, Nestor Bimenyimana les exhorte à travailler pour la survie de leur famille et à inscrire leurs enfants dans des écoles : « Vous venez pendant la saison pluviale. Il faut en profiter. Vous devez beaucoup travailler pour qu’après trois mois vous soyez à mesure de vous prendre en charge ».

Concernant la gestion de la covid-19, le directeur général chargé du rapatriement n’y va pas par quatre chemins : « Vous êtes rapatriés au moment où il y a une pandémie de la covid-19 au Burundi, vous devez respecter toutes les mesures barrières pour éviter la propagation de ce virus ».

Source: IWACU Burundi

PSV : “Nul n’échappe à la dépression”

Les personnes souffrant de dépression ont de grandes difficultés à fonctionner au quotidien. Constance Inabazezwa, psychologue-clinicienne et membre de l’association Psychologues Sans Vacance (PSV), décrie certaines mentalités de la société burundaise. La dépression n’affecte pas seulement les « nantis ».

« La dépression est un trouble mental caractérisé par un état dépressif persistant ou une perte d’intérêt pour tout type d’activité. Ce qui produit des effets néfastes dans la vie quotidienne. Donc la dépression n’a pas de cible », a expliqué la psychologue clinicienne, Constance Inabazezwa.

La dépression est étiquetée par certaines personnes de la société burundaise, de maladie des « blancs » ou des personnes qui mènent grande vie. Elle semble être ignorée. Pourtant, elle tue à petit feu sans le savoir.

Selon la psychologue clinicienne, les personnes qui souffrent de la dépression présentent une humeur dépressive persistante ou une perte d’intérêt de plaisir pendant au moins deux semaines et plus : « Les personnes qui souffrent de dépression présentent une série de symptômes dont une humeur dépressive persistante ou une perte d’intérêt ou de plaisir pendant au moins 2 semaines.

Multiples symptômes physiques persistants et sans cause peuvent être observables, notamment une faible énergie, une fatigue inhabituelle, insomnie ou une somnolence excessive, une tristesse ou humeur dépressive persistante, une anxiété, perte d’appétit ou faim excessive, isolement, perte de poids ou prise de poids, une perte d’intérêt ou de plaisir pour les activités habituellement agréables », a-t-elle fait savoir.
Elle ajoute : « La personne, rencontre-t-elle des difficultés importantes à fonctionner au quotidien dans sa vie personnelle, familiale, scolaire, professionnelle ou autre ».

Elle note qu’il existe différents types de dépressions : « Il y a la dépression moins grave, la dépression spécifique par exemple post partum, cela concerne les femmes qui viennent d’accoucher. Beaucoup de femmes dépriment après avoir mis au monde, mais on l’ignore, car tout le monde pense qu’elle est heureuse. Il y aussi la dépression due à une maladie, la dépression réactionnelle et elle peut être légère, modérée, jusqu’à la dépression majeure si non traitée », a-t-elle indiqué

Les causes de la dépression résultent d’un mélange de différents facteurs. Elle en énumère certains, comme les facteurs génétiques, environnementaux, sociaux et psychologiques : « Chaque personne vit et réagit de sa façon lorsqu’elle traverse une situation difficile. Par génétique, quand l’un des parents a développé une dépression, la possibilité de la transmettre à sa progéniture est plus élevée. Donc, en prenant soin de soi, non seulement, on se protège, mais on protège aussi nos futures enfants. La solitude, les événements stressants ou tristes traumatiques peuvent survenir et on se retrouve dans la possibilité de gérer ce stress », a-t-elle expliqué.

La dépression n’est pas un trouble “visible”

La plupart des gens pensent que la dépression touche un certain nombre de personnes. Elle est perçue comme une maladie qui ne touche pas les personnes défavorisées. Mais ce psychologue confirme que nul n’échappe à la dépression. C’est est un trouble très fréquent qui peut arriver à n’importe qui. L’apparition de la dépression ne signifie pas que la personne est faible ou paresseuse. Les attitudes négatives d’autrui. Ces mots de soutiens comme « il faut être plus fort », « il faut te ressaisir » peuvent s’expliquer par le fait que la dépression n’est pas un trouble “visible” comme une fracture ou une plaie.

C’est aussi une idée fausse de penser que les personnes qui présentent une dépression peuvent facilement contrôler leurs symptômes avec leur simple volonté. : « Les hommes, les femmes, les pauvres, les riches, les jeunes et les personnes âgées peuvent tomber malades de la dépression, y compris la race blanche et noire », a-t-elle insisté.

Mais elle tient à préciser que les personnes ayant des antécédents familiaux ou personnels de dépression et des personnes qui prennent certains médicaments comme des psychostimulants sont plus vulnérables que les autres.

Vaut mieux prévenir que guérir

Madame Inabazezwa rassure. La dépression peut être traitée par des psychothérapies ou si la maladie s’aggrave, on fait recours au traitement médical.

Les pensées auto-agressives ou suicidaires sont fréquentes chez les personnes déprimées. Si la personne souffrant de dépression les observe, il faut insister sur le fait de ne pas passer à l’acte et avertir immédiatement une personne de confiance. Il faut réduire le stress et renforcer le soutien social.

Constance Inabazezwa invite toute personne à être vigilante par rapport au changement de comportement de leurs proches : « Si vous remarquez un changement quelconque qui coïncide avec les symptômes évoqués, approchez cette personne avant que la dépression ne s’aggrave. Si rien n’est fait, cela conduira la personne à avoir un brouillard cérébral, des pensées suicidaires et malheureusement certaines personnes se suicident ».


Source: IWACU Burundi

Bahrain Secretary General of Higher Education Council – Exemption of RCSI Bahrain graduates from exams to practice medicine in the United Kingdom is a testament to the quality of higher education in Bahrain

Manama, Bahrain, Feb. 01, 2022 (GLOBE NEWSWIRE) — The General Medical Council (GMC) in the United Kingdom has given approval for the medical graduates of the Royal College of Surgeons in Ireland – Medical University of Bahrain (RCSI Bahrain) to apply for registration to practice in the United Kingdom, without having to undertake the Professional and Linguistic Assessments Board (PLAB) licensing examinations. PLAB examinations are administered by the General Medical Council to ensure that doctors who have received qualifications from abroad have the correct level of knowledge and skills to practice medicine in the UK.

RCSI Bahrain medical graduates can now apply for registration with the GMC through the Relevant European Qualification (REQ) pathway, thanks to the recognised medical degree awarded to them under the governance of RCSI in Dublin. This significant milestone will ease the process of accessing internship and postgraduate training opportunities for all RCSI Bahrain medical graduates in the UK, regardless of their nationality. Currently, 170 medical alumni are based in the United Kingdom, either working or training to international standards and availing of extended learning opportunities.

On this occasion, Her Excellency Dr Shaikha Rana bint Isa bin Duaij Al Khalifa, Bahrain’s Secretary General of the Higher Education Council (HEC) and Deputy Chair of the HEC Board of Trustees, affirmed the approval received as global recognition of the quality of higher education in the Kingdom of Bahrain, under the care of His Majesty King Hamad bin Isa Al Khalifa and the directives of His Royal Highness Prince Salman bin Hamad Al Khalifa, the Crown Prince and Prime Minister. RCSI Bahrain’s achievement also testifies to the policies enforced by the HEC Board of Trustees to advance higher education outcomes, encourage Bahraini institutions to obtain international accreditations for their academic programmes and accomplish the initiatives of the national strategy for higher education.

President of RCSI Bahrain, Professor Sameer Otoom commented, “Providing easier access to medical training in the United Kingdom is of great advantage for the numerous benefits it brings to our students, alumni and all healthcare facilities. Over the years, a number of our alumni have returned to their home country with unparalleled experiences and have made great strides in their fields of expertise. Creating a diverse body of internationally-trained medical professionals will enhance the knowledge base, research and quality of healthcare services for the benefit of all patients in the Gulf Cooperation Council (GCC) countries.”

About RCSI Bahrain

RCSI Bahrain is a constituent university of RCSI, which was established in Dublin, Ireland, in 1784. RCSI Bahrain, an independent private university, opened its doors to a cohort of 28 medical students in 2004. It is a not-for-profit health sciences institution focused on education and research to drive positive change in all areas of human health worldwide. Today, the purpose-built campus is home to a student body of more than 1,300 across Schools of Medicine; Nursing and Midwifery and Postgraduate Studies and Research.

For more information, please visit www.rcsi.com/bahrain

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Doaa Magdy
Royal College of Surgeons in Ireland - Medical University of Bahrain (RCSI Bahrain)
+97316660194  /  +973 39929700
dmagdy@rcsi-mub.com