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Simfoni Earns Deloitte Technology Fast 500™ EMEA Recognition for Revenue Growth, Client Acquisition, and AI-Driven Innovation in Spend Management

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Simfoni named to Deloitte Technology Fast 500™ for EMEA due to 393% growth.

CHICAGO, July 10, 2024 /PRNewswire-PRWeb/ — Simfoni, a pioneering force in spend management solutions, proudly announces its inclusion in the Deloitte Technology Fast 500™ for the EMEA region. This prestigious ranking recognizes the 500 fastest-growing technology companies across Europe, the Middle East, and Africa, celebrating them for their rapid revenue growth and innovation over the past three fiscal years.

Amid challenging global market conditions and economic uncertainty that have led many technology companies to retrench, Simfoni has demonstrated an impressive 393% growth, helping to solidify its position as a leader in spend management solutions.

Amid challenging global market conditions and economic uncertainty that have led many technology companies to retrench, Simfoni has demonstrated an impressive 393% growth, helping to solidify its position as a leader in spend management solutions. This rapid expansion has been fueled by strategic new client acquisitions and partnerships that have significantly enhanced the company’s footprint across North America and the EMEA region. Additionally, Simfoni’s dedication to innovation, notably its integration of artificial intelligence into its product offerings, has been a pivotal driver of its growth.

Simfoni’s AI-enabled enhancements have been instrumental across its solution suite, including Spend Analytics, eSourcing, and Tail Spend Management. In Spend Analytics, AI and machine learning are used to analyze vast amounts of spend data to identify trends, anomalies, and opportunities for cost savings, providing actionable insights that are much faster and more accurate than traditional methods. For eSourcing, AI enhances the sourcing process by automating complex tasks like supplier selection and bid analysis, enabling procurement teams to make better, data-driven decisions quickly. In Tail Spend Management, AI helps to efficiently manage and optimize smaller, ad hoc purchases that are typically less visible but cumulatively significant, ensuring that companies leverage their spending power fully across all buying activities.

These AI-driven enhancements not only streamline procurement and spend management processes but also offer a more strategic approach to spending, turning what is often seen as a tactical operation into a strategic asset. This ability to harness cutting-edge technology to improve efficiency and reduce costs positions Simfoni at the forefront of innovation in spend management space. Chirag Shah, Chairman at Simfoni, commented, “This accolade underscores Simfoni’s success in pioneering consumption-based pricing to reshape procurement leaders’ perspectives on tail spend adoption. And our unique Closed-Loop™ system, which incorporates guaranteed savings, ensures that our strategic spend tools are among the most esteemed in the industry.”

The company’s pioneering efforts have garnered widespread recognition, as evidenced by its inclusion in prestigious industry lists, including the Spend Matters 50 to Know, the Gartner Hype Cycle for Procurement and Sourcing Solutions, the ProcureTech100, and industry leader statuses across user-review sites such as G2 and Capterra. These accolades, along with its client expansion and ongoing innovations have firmly established Simfoni as an industry frontrunner for Spend Management technology and underscore its competitive edge on the global stage.

For more information about Simfoni and its enterprise-level spend management solutions, please visit www.simfoni.com.

ABOUT SIMFONI

Simfoni provides Spend Analytics, eSourcing, and Tail Spend Management solutions to leading global enterprises. The Simfoni platform utilizes machine learning and artificial intelligence to accelerate and automate key aspects of the procurement and sourcing processes, saving customers time and money and paving the way toward supply chain sustainability. With offices in the USA, Europe, Australia, and the Middle East, Simfoni works with its customers and the wider vendor community to improve supplier diversity and achieve strategic CSR objectives. For additional information, please visit https://simfoni.com/.

Media Contact

Megan L Hamner, Simfoni, 1 2036769252, megan@simfoni.com, www.simfoni.com

View original content:https://www.prweb.com/releases/simfoni-earns-deloitte-technology-fast-500-emea-recognition-for-revenue-growth-client-acquisition-and-ai-driven-innovation-in-spend-management-302193216.html

SOURCE Simfoni

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Evermos Partners with the International Labour Organisation (ILO) to Deliver Entrepreneurship Training for Indonesia’s Vulnerable Groups

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BANDUNG, Indonesia, June 19, 2026 /PRNewswire/ — Evermos, a Bandung-based reseller platform focused on MSME empowerment, sees significant potential for vulnerable groups to achieve economic empowerment through digital business. According to Statistics Indonesia (BPS), the labour force participation rate among persons with disabilities stood at only around 20% in early 2025, far behind the roughly 70% recorded among people without disabilities.

“We see digital business as a bridge to lower the barriers to economic access for persons with disabilities and returning migrant workers. No significant capital, no need for a physical location, a mobile phone is enough. This business model opens up the opportunity for them to build an independent and sustainable source of income.”
Iqbal Muslimin, Chief of Sustainability, Evermos

The collaboration runs under the ILO project Promise II Impact, which aims to improve MSMEs’ access to financial services and has been running since 2023. It aligns with Evermos’ vision of advancing MSME empowerment across Indonesia. Evermos provides the digital business ecosystem, from its reseller platform and curated halal products to business training and mentoring, while the ILO brings a decent work framework and financial literacy modules that help participants start digital businesses on sound financial footing.

Since 2023, more than 230 beneficiaries have felt the project’s impact across various cities. In March 2026, Evermos and the ILO, together with the Migrant Worker Resource Centre (MRC), delivered digital entrepreneurship training for migrant workers in Cirebon, West Java. A similar programme was also held in the Special Region of Yogyakarta, involving persons with disabilities from various groups, including those supported by the BPKK of the Indonesian Ministry of Manpower, the Indonesian Association of Women with Disabilities (HWDI) Sleman, and the Mitra Sejahtera Disability Empowerment Centre (PPDMS) Gunungkidul.

During the training, participants were guided to try selecting products to sell directly through the Evermos app, to apply digital marketing techniques, and to strengthen their entrepreneurial mindset so that earnings from their working years can grow into long-term productive assets. They were also introduced to and practised using WhatsApp Business as one tool to start a digital business. Meanwhile, the ILO team complemented the training with basic financial literacy so participants could manage their new businesses soundly.

“For us, digital transformation also becomes meaningful when it reaches vulnerable groups, those furthest from the information they need to empower themselves economically. Through Evermos, a person with a disability or a migrant worker returning to their hometown can start a business with nothing more than a smartphone, without significant capital — and that is what truly inclusive empowerment looks like.”
Arip Tirta, President, Evermos

“The conclusion of this series of activities is not the end of the participants’ journey, but the beginning of their path as digital entrepreneurs. Three years of experience have shown that when vulnerable groups gain access to the right skills, technology, and mentoring, they are able to create economic opportunities for themselves. The partnership between the ILO and Evermos is an example of how collaboration can help bring about more inclusive economic growth that leaves no one behind.”
Djauhari Sitorus, Project Manager, Promise II Impact

Closing out three years of the Promise II Impact project, Evermos and the ILO hope this contribution can encourage vulnerable groups to take part in driving Indonesia’s economic growth as digital entrepreneurs. By opening access to doing business digitally, vulnerable groups can become economically empowered and self-reliant. Beyond that, the collaboration is intended to serve as a model of inclusive empowerment that can be replicated across more regions — so that an economy open to all is not merely an aspiration, but something that can be realised.

About Evermos

Evermos is a reseller platform that integrates a distribution network, commerce services, and a curated range of halal products with business communities focused on serving underserved communities. Evermos supports the success of its resellers regardless of gender, educational background, or geographic location by providing regular business training and mentoring.

Founded in November 2018, Evermos has built the largest reseller-based connected commerce network in Indonesia, with over 1 million resellers nationwide, more than 200,000 active monthly sellers, and hundreds of products from Indonesian MSMEs. Evermos has also received various prestigious accolades, including the Top CSR Award – Star 4 2026, the Seal Business Sustainability Award 2025, the Nikkei Asia Award 2023, and the UN Women 2024 Indonesian Women’s Empowerment Principles (WEPs), and is a member of the global Endeavor Entrepreneur network. Evermos is also part of the World Economic Forum’s Global Innovators Community.

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SOURCE Evermos

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Innovid by Mediaocean Positioned as a Leader in the SPARK Matrix™: AdTech Platform, 2026 by QKS Group

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PUNE, India, June 19, 2026 /PRNewswire/ — QKS Group announced today that it has named Innovid by Mediaocean as a leader in the SPARK Matrix™: AdTech Platform, 2026. This comprehensive evaluation provides a detailed competitive analysis, market ranking, and strategic insights to help users evaluate global vendor capabilities and market positions.

This recognition also reflects Innovid’s continued investment in AI-powered execution and the value it is delivering to customers and the industry at large. Earlier this month, the company introduced NIVO, its AI core for agents and orchestration, helping marketers turn intelligence into action across the advertising lifecycle. Early adopters have already reported workflow efficiency gains of up to 90%. 

“Innovid by Mediaocean’s leadership position in the advertising technology market is supported by its breadth across creative management, ad serving, campaign execution, measurement, optimization, and workflow automation,” said Richa Choubey, Senior Analyst, QKS Group. “The platform is particularly strong in helping advertisers manage campaigns across connected TV, digital, social, and linear media while providing greater consistency in execution and measurement across channels. Through cross-channel delivery capabilities, independent measurement, AI-enabled optimization, and interoperability across the advertising ecosystem, Innovid by Mediaocean enables brands and agencies to improve operational efficiency, strengthen performance visibility, and better manage increasingly fragmented media environments. Its integrated approach supports organizations seeking greater control over campaign operations, measurement consistency, and linkage between advertising investments and business outcomes.”

Analyst Assessment: Aligning with Market Dynamics

Innovid operates at the intersection of several of the most significant trends shaping the advertising technology landscape, including the rise of CTV, the growing demand for independent measurement, increasing media fragmentation, and the application of AI to campaign execution and optimization. Rather than competing solely on individual point capabilities, the platform’s value proposition lies in its ability to connect creative management, ad serving, measurement, and optimization workflows across channels that have traditionally been managed in silos.

As advertisers navigate an increasingly complex ecosystem characterized by evolving privacy requirements, proliferating media environments, and heightened expectations for accountability, platforms that can provide consistency, interoperability, and operational efficiency become increasingly important. Innovid’s continued investments in cross-channel measurement, CTV innovation, and AI-enabled workflow automation reflect a clear understanding of these market dynamics. While the AdTech market remains highly competitive and rapidly evolving, Innovid has established itself as a significant independent player with a differentiated position in helping brands, agencies, and media organizations execute, measure, and optimize campaigns across fragmented digital and television environments. Its ability to balance scale, openness, and innovation positions it well as organizations seek greater transparency and control over advertising performance in an omnichannel world.

“Innovid demonstrates differentiated capabilities in creative management and optimization, leveraging AI and automation to improve campaign efficiency and effectiveness,” said Umang Thakur, Vice President and Principal Analyst, QKS Group. “Its support for omnichannel activation, unified measurement, and cross-platform creative governance makes it well suited for organizations seeking to centralize advertising operations and maximize the impact of creative assets at scale.”

Building on a Foundation of AI Innovation

In 2025, QKS Group named Innovid the ‘Most Valuable Pioneer‘ in its AI Maturity Matrix for AdTech, highlighting the company’s ability to embed intelligence across the campaign lifecycle. With the launch of NIVO AI, Innovid has evolved that embedded intelligence into live, scalable execution, addressing the multi-channel complexities and fragmentation challenges highlighted in the QKS report.

“What stands out in this report is the growing need for greater connectivity across the advertising ecosystem,” said Grant Parker, President, Innovid. “Marketers aren’t struggling with a lack of tools; they’re struggling with disconnected workflows, fragmented data, and operational complexity. With NIVO, we’re helping brands and agencies bring those workflows together, turning signals into coordinated action across creative, delivery, measurement, and optimization.”

Access the Report

To download the full report and explore the visit SPARK Matrix™: AdTech Platform, 2026.

About Innovid

Innovid is the leading omnichannel advertising platform, empowering marketers to create, deliver, measure, and optimize ad-supported experiences. At the core of Innovid is NIVO, powering AI agents and orchestration to activate, adapt, and optimize campaigns across the advertising lifecycle. As part of Mediaocean, Innovid is tied into Prisma, the industry’s core ad infrastructure for planning, buying, and billing, as well as Protected for verification, fraud detection, and brand safety. Visit www.innovid.com to learn more.

Media Contact:
Megan Coyle
Megan@innovid.com

About QKS Group

QKS Group is a global analyst and advisory firm helping enterprises, technology vendors, and investors make trusted, data-driven decisions. Our portfolio spans the flagship SPARK Matrix™ evaluation framework, SPARK Plus™ analyst advisory platform, QKS Intelligence™ for market and competitive tracking, and QKS Community™ for CXO leaders and practitioners. All offerings are powered by a Human-Intelligence-driven framework and QKS’s closed-loop research methodology–integrating expert-led insights, quantitative modeling, and continuous validation to deliver credible, outcome-focused intelligence. For more available research, please visit Research.

Media Contact:
Anish
PR & Media Relations
QKS Group 
5th Floor, Wing 2, Cluster C, 
EON Free Zone, Kharadi,
Pune, India
Email: support@qksgroup.com
Content Source: https://qksgroup.com/newsroom/innovid-by-mediaocean-positioned-as-a-leader-in-the-spark-matrix-adtech-platform-2026-by-qks-group-1699 
Connect with us on LinkedIn- https://www.linkedin.com/company/qksgroup/

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Innoscience’s current products are not affected by both rulings of the Munich Regional Court

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MUNICH, June 18, 2026 /PRNewswire/ — Innoscience today announced that the Munich Regional Court has just issued a pair of rulings, from which it could be confirmed that Innoscience’s currently marketed gallium nitride (“GaN”) power device products fall outside the scope of Infineon’s asserted German patents and may be commercialized in Germany without restriction.

These rulings are fully consistent with the final determination issued last month by the U.S. International Trade Commission (“ITC”), which found that Innoscience’s current products do not infringe Infineon’s asserted U.S. patent relating to packaging design (U.S. Patent No. 9,899,481). The Munich case concerns the German counterparts of that same patent family. In line with the ITC’s findings, the Munich Court found infringement only with respect to a limited set of legacy products—certain packaged 650–700V transistors—that had already been discontinued. Therefore, any injunction granted would not apply to Innoscience’s current product portfolio. As a result, there is no impact on Innoscience’s ongoing operations or its customers’ use of its products in Germany.

The decisions mark another significant milestone in Innoscience’s string of favorable outcomes across major jurisdictions. They follow the company’s recent success in China, where it secured an injunction and damages award against Infineon, as well as its decisive victory at the ITC in the United States last month. Together, these rulings reaffirm the legality of Innoscience’s current product portfolio and its ability to operate freely in key global markets.

While proceedings in Germany remain ongoing, including Innoscience’s invalidity challenges to the asserted German patent, the growing body of decisions across China, the United States, and Germany underscores that the global litigation campaign initiated by Infineon has not altered the competitive position of Innoscience’s core products. To the contrary, independent judicial findings across multiple jurisdictions have consistently validated the robustness of Innoscience’s technology and reinforced market confidence in the company’s product compliance and innovation capabilities.

Innoscience remains committed to advancing its technology leadership and expanding its global footprint, delivering cutting-edge GaN solutions to customers worldwide in a fair and competitive marketplace.

View original content:https://www.prnewswire.com/news-releases/innosciences-current-products-are-not-affected-by-both-rulings-of-the-munich-regional-court-302805093.html

SOURCE InnoScience

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