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ARCHIPELAGO INTERNATIONAL AND NOVAL PROPERTIES SIGN SIX MANAGEMENT AGREEMENTS IN THE DOMINICAN REPUBLIC

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PUNTA CANA, Dominican Republic, Aug. 1, 2024 /PRNewswire/ — In an unprecedented move, Archipelago International, the largest privately-owned hotel management group in Southeast Asia, has joined forces with Noval Properties, a premier real estate developer in the Dominican Republic. This strategic alliance, formed in November 2023, is proud to announce the signing of six comprehensive management agreements that will see the introduction of Archipelago International’s esteemed brands and innovative property management solutions to the Dominican Republic’s flourishing hospitality and real estate markets.

This collaboration is set to revolutionize the hospitality landscape in Punta Cana, featuring projects that include in Bavaro: Reserva Real by Harper, with 187 units. In Cap Cana Marina, Harbor Bay by Aston with 186 units and Juanillo Hills by Aston near Juanillo Beach with 60 units. In Cana Bay, Poseidonia by Aston with 1,319 units, Coral Cove by Aston with 72 units, and Riviera Bay by Aston with 110 units.

“As Southeast Asia’s largest privately owned hotel management group we have vast experience of branding, operating and commercializing projects like the ones signed today. In addition, by using our proprietary operating systems and technology, we ensure that the customer journey is seamless from booking to checkout and that all of our properties benefit from our global distribution, connectivity and revenue management capabilities.” said José Luis Leonardo, Vice President Americas, Archipelago International.

Commenting further Gerard Byrne, Managing Director, Archipelago International said, “We are honored to be partnering with the fantastic team at Noval Properties on such unparalleled and ambitious projects. This partnership is a testament to the synergy between our companies and the shared vision we hold for redefining hospitality standards. Noval Properties, with its impressive track record, quickly grasped the benefits of partnering with us, highlighting the strength of collaborative innovation. Archipelago International is experiencing rapid growth in the Americas region, especially in the Dominican Republic and Mexico, driven by our unique approach to providing owners, developers and investors with proven innovative branding and operational solutions for their hospitality assets. Our renowned Asian hospitality standards, leading technology solutions and flexibility as an independent company distinguish us in the marketplace and sets us apart from the competition.”

Cesar Latrilla, CEO of Noval Properties, reflects on the company’s 20-year legacy in the Dominican Republic, noting its significant impact on the economic, touristic, and social well-being of the region. Noval Properties is renowned for delivering memorable experiences and contributing to the Dominican Republic’s development as a prime tourism and real estate destination.

About Archipelago International

Archipelago International is the largest privately-owned hotel management group in Southeast Asia, with a portfolio exceeding 45,000 rooms across 200+ locations worldwide. With a burgeoning presence in the Americas, the group offers advanced hospitality and technology solutions across its 11 award-winning brands, catering to a range of market segments.

About Noval Properties

Noval Properties stands out as a leading real estate developer in the Dominican Republic, renowned for its excellence in the design, development, and management of premier residential, commercial, and hospitality assets. Strategic locations in top destinations have established it as a key player in the Caribbean real estate market.

For more information, please visit [Noval Properties](https://novalproperties.com) / @novalpropertiesrd

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SOURCE Archipelago International

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Qedma and HQC2 Demonstrate Unprecedented Accuracy in Quantum Chemistry on Quantum Computers

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Water molecule case study to be presented at Q2B Copenhagen 2026 shows how error mitigation can dramatically improve the reliability of quantum chemistry on today’s processors

TEL AVIV, Israel and COPENHAGEN, Denmark, Sept. 9, 2026 /PRNewswire/ — Qedma Quantum Computing, a pioneer in quantum error reduction software, together with the HQC2 team at University of Copenhagen (KU), Denmark, Technical University of Denmark (DTU) and University of Southern Denmark (SDU), today published the findings of a collaborative study that delivered accurate quantum chemistry results, demonstrating the value of error mitigation in quantum computation. Qedma’s researchers will be presenting this work and a separate talk on quantum advantage at Q2B Copenhagen, September 9-10, 2026.

In the study, researchers at HQC2 and Qedma explored the potential energy surface of a water molecule using an orbital-optimized variational ansatz on IBM’s Aachen quantum processor with Qedma’s QESEM error reduction software. Led by Prof. Stephan P. A. Sauer and postdoctoral researcher Renato Olarte Hernandez at University of Copenhagen (KU), together with Prof. Sonia Coriani and postdoctoral researcher Emanuele Rossi at the Technical University of Denmark (DTU), the study was carried out as part of Q-CHEMION, a project under the Eureka open call for applied quantum technologies.

The research achieved exceptionally high accuracy for quantum computation, a 30–50× improvement over the raw results achieved without QESEM error mitigation.

Today’s quantum processors are noisy, which can make quantum chemistry calculations unreliable and inaccurate. QESEM mitigates the impact of noise in current quantum computers. Rather than waiting for large-scale, fully fault-tolerant quantum computers, QESEM’s patented approach unlocks the ability to execute larger and more complex quantum workloads while producing accurate results. It is currently being used by leading enterprises, academic institutions, and research laboratories around the world.

“We’re extremely pleased with the results of this collaborative study that clearly illustrates how our error mitigation software can help bridge the gap between today’s noisy quantum devices and the high-accuracy quantum computations required for future scientific applications,” said Qedma CEO and Co-founder Dr. Asif Sinay. “The work shows a strong proof of concept for applying quantum computing to quantum chemistry on current hardware, demonstrating improved accuracy as higher levels of precision were required.”

“Accuracy is particularly important in quantum chemistry, where even relatively small errors can affect the reliability of calculated molecular properties and energies,” said Prof. Stephan P. A. Sauer, KU. “This study allowed us to explore how error mitigation can improve the accuracy of chemistry calculations performed on today’s noisy quantum hardware. The results demonstrate the potential of approaches such as QESEM to help achieve the high levels of precision required for quantum chemistry applications.”

Qedma recently demonstrated quantum advantage together with IBM, accurately resolving the dynamics of quantum materials unseen in classical simulation. The results marked the first time quantum advantage has been achieved with commercially available hardware and software, reaching a paradigm where multiple state-of-the-art classical approaches failed to provide consistent, reliable answers.

Qedma Presentations at Q2B Copenhagen

–  Quantum Advantage: Modeling Physics Beyond Classical Capabilities by Eyal Leviatan, Qedma, together with Prof. Stephan P. A. Sauer, KU, at 12:10 on September 9, 2026
–  Water Potential Energy Surface Study on a Quantum Computer with QESEM’s High-Accuracy Error Mitigation by Renato Olarte Hernandez, KU, together with Tali Shnaider, Qedma, at 16:10 on September 10, 2026

About Qedma Quantum Computing

Qedma is accelerating the path to practical quantum computing by dramatically reducing the impact of hardware errors. Its hardware-agnostic software, QESEM, enables researchers and enterprises to run larger and more complex quantum algorithms while obtaining more accurate and reliable results on today’s quantum computers. By overcoming one of the biggest barriers facing the industry, Qedma helps unlock scientific discoveries and enables users to push beyond the limits of current quantum hardware. Qedma was founded by Dr. Asif Sinay together with two prominent scientists: Prof. Dorit Aharonov, who thirty years ago proved that error corrected quantum computation is possible and laid the foundations of quantum fault tolerance, and Prof. Netanel Lindner, a world-renowned theoretical condensed matter physicist known for his work on complex quantum systems. For more information, visit www.qedma.com.

About HQC2

HQC2 (https://hqc2.github.io/) is a collaboration research project funded by the Novo Nordisk Foundation, bringing together the research groups of Prof. Stephan P. A. Sauer (University of Copenhagen), Prof. Sonia Coriani (Technical University of Denmark), and Prof. Jacob Kongsted (University of Southern Denmark). HQC2 specializes in the development of Quantum Chemistry algorithms and software designed to exploit the capabilities of NISQ and emerging early fault tolerant quantum computers. A key outcome of the project is the SlowQuant software package, which enables the calculation of ground- and excited-state energies as well as molecular spectroscopic properties, including UV/Vis, CD and NMR spin-spin coupling constants, on quantum computing platforms.

Qedma Media Contact:

Diane McKaye
Si14 Global Communications
qedmapr@si14global.com

 

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SOURCE Qedma

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National Bank for Financing Infrastructure and Development announces Infrastructure Conclave 2026 – Financing India’s Infrastructure Ambition

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MUMBAI, India, Sept. 9, 2026 /PRNewswire/ — The National Bank for Financing Infrastructure and Development, India’s premier development financial institution set up by the Government of India in 2021 to accelerate investment in the country’s infrastructure sector, proudly announces the third edition of its flagship annual event – Infrastructure Conclave 2026. This year’s event, to be held in Mumbai on Thursday, September 17, 2026, is designed to advance conversations on India’s infrastructure development by bringing together key stakeholders to exchange insights and shape the sector’s future growth trajectory.

Speaking on the occasion, Shri Rajkiran Rai G., Managing Director, National Bank for Financing Infrastructure and Development, said, “India’s journey towards becoming a developed nation will be shaped by its ability to build resilient infrastructure supported by deep, diversified pools of long-term capital. As financing models evolve, stronger collaboration between government, regulators, institutional investors and financial markets will be critical in unlocking the next phase of infrastructure growth. The Infrastructure Conclave 2026 reflects our commitment to advancing innovative financing solutions, strengthening market ecosystems, and catalysing sustainable infrastructure investment for India’s future.”

The Conclave will feature keynote addresses by Shri. Tuhin Kanta Pandey – Chairman, Securities and Exchange Board of India, Shri Ajay Seth – Chairman, Insurance Regulatory and Development Authority of India and Shri Challa Sreenivasulu Setty – Chairman, State Bank of India. Subsequently, panel discussions will host a distinguished lineup of speakers, including senior government officials, institutional investors and infrastructure financing leaders. The discussions will focus on bridging India’s infrastructure financing gap through domestic and global capital, mobilising insurance capital for sustainable infrastructure, structured financial solutions including securitisation, asset monetization for states and enhancing governance frameworks for development of urban infrastructure.

Alongside, the event will witness the launch of two key reports ‘Channelizing Domestic and Global Capital for Infrastructure Financing’ and ‘Catalysing India’s Economic Ambitions through Bond Market Development’.

The 2026 edition will see a diverse assembly of thought leaders sharing their strategic insights on deepening India’s infrastructure financing ecosystem through innovative capital market solutions, greater participation from insurance and institutional investors, structured finance instruments, and asset monetisation platforms. The conclave will also examine the policy and regulatory reforms required to accelerate sustainable, long-term infrastructure investment. Through the high-impact discussions, the conclave aims to generate actionable insights, strengthen public-private collaboration and foster strategic partnerships that will help bridge India’s infrastructure financing gap while supporting the nation’s long-term development agenda.

The conclave has established itself as a premier platform for dialogue on Indian infrastructure, bringing together key stakeholders from the Government, regulators, banking, financial services, insurance, rating agencies and infrastructure industry. It serves as a forum for collaboration, knowledge sharing and the exchange of insights aimed at accelerating India’s journey towards becoming a developed nation by 2047.

 

 

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Comviva announces Kalyanasundaram Sivasubramaniam to lead the DigiTech Business, Accelerating Platform-Led Growth and AI Transformation

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NEW DELHI, Sept. 9, 2026 /PRNewswire/ — Comviva, a global leader in digital transformation solutions, today announced the appointment of Kalyanasundaram Sivasubramaniam as Product Unit Head for its DigiTech business. In this role, he will lead the strategic growth and evolution of Comviva’s DigiTech portfolio, including its intelligent digital business platform, BlueMarble.

Kalyanasundaram will be responsible for accelerating the next phase of DigiTech’s growth, strengthening its market leadership and scaling its platform-led business across global markets. With Comviva expanding its presence across strategic markets, particularly North America and Europe, he will focus on unlocking new growth opportunities, expanding the enterprise opportunity and deepening engagement with communications service providers and enterprises.

A key focus of his mandate will be to accelerate the evolution of Comviva’s platforms through Agentic AI, intelligent automation and autonomous capabilities. This will enable businesses to move beyond traditional digital transformation toward more adaptive, intelligent and outcome-driven operations. He will also work closely with customers, partners and the broader technology ecosystem to translate emerging market needs into differentiated platform capabilities and measurable business outcomes.

Kalyanasundaram joins Comviva from Salesforce, where he played a key role in building and scaling its Agentic Partner Cloud platform and business. He brings more than 25 years of experience across technology, product engineering and platform leadership, spanning telecom, enterprise technology and SaaS. During his career, he has held senior R&D, product and delivery leadership positions at Nokia Siemens Networks, Redknee, Dynacommerce and Netcracker, where he was involved in building technology platforms, leading complex product initiatives and scaling businesses across global markets.

Commenting on the appointment, Rajesh Chandiramani, Chief Executive Officer, Comviva, said: “Comviva is at an exciting inflection point in its growth journey, with a clear ambition to build a more agile, platform-led and AI-powered technology business with a significantly broader enterprise opportunity. DigiTech is an important pillar of this ambition, and BlueMarble gives us a strong foundation to build on our leadership in digital business transformation. Kalyanasundaram brings a distinctive combination of deep telecom expertise, enterprise technology experience and a proven track record of building and scaling platforms. His experience in emerging technologies, ecosystems and enterprise adoption will be invaluable as we expand into new markets, unlock new customer opportunities and accelerate our growth trajectory. We are delighted to welcome him to Comviva and look forward to the impact he will create for our customers, our business and our ecosystem.”

Kalyanasundaram Sivasubramaniam, Product Unit Head – DigiTech, Comviva, added: “I am excited to join Comviva at a pivotal moment in its growth and transformation journey. The company’s digital BSS and commerce portfolio provides a strong technology foundation to redefine how telecom operators and enterprises build, operate and scale their digital businesses. Having spent my career building technology platforms and scaling businesses across telecom and enterprise technology, I see a significant opportunity to build on Comviva’s strengths, accelerate the adoption of AI-led capabilities and expand into new markets and growth areas. I look forward to working closely with our customers, partners and leadership team to strengthen our market impact, create differentiated value and build an ambitious growth trajectory for present and beyond.”

With telecom operators and enterprises rapidly embracing AI, cloud and SaaS to drive greater agility, automation and business value, Comviva is strengthening its technology platforms and capabilities to build the next generation of Agentic AI-powered BSS solutions. Kalyanasundaram’s leadership will be instrumental in accelerating this agenda—scaling DigiTech and BlueMarble globally, deepening Comviva’s engagement with leading operators and enterprises, and driving stronger, sustainable growth through intelligent, AI-native digital business platforms.

About Comviva

Comviva empowers organizations to drive transformative growth with measurable business impact. Our AI-driven digital solutions and intelligent platforms enable our customers to unlock new revenue opportunities, enhance customer experiences, and simplify operational complexities to achieve exponential success.

From maximizing customer lifetime value to enabling large-scale digital transformation, Comviva is trusted by 200+ global communication service providers and enterprises to solve complex challenges and prepare for the future. With our solutions deployed across 100+ countries, Comviva has brought the benefits of digital innovation and mobility to billions worldwide. As a subsidiary of Tech Mahindra and a member of the Mahindra Group, Comviva is committed to driving growth, efficiency, and transformation for tomorrow.

For more information, visit us at www.comviva.com.

 

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