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IBS Software Launches Data & AI Center of Excellence, Appoints George Varghese as it’s Head

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SINGAPORE, Oct. 10, 2024 /PRNewswire/ — IBS Software, a leading provider of SaaS solutions to the global travel industry, has launched a Data & AI Center of Excellence (CoE), aimed at driving innovation and responsible AI adoption in the travel and hospitality sectors.

The establishment of the Data & AI CoE reflects IBS Software’s commitment to applying advanced AI and data-driven technologies across its product portfolio to deliver cutting-edge solutions to its global customer base. The initiative will focus on identifying, prioritizing, and enabling top AI use cases in collaboration with product teams and customers. The CoE will define responsible AI practices, focusing on user privacy, data security, and ethical considerations.

George Varghese has been appointed as the new Head of the Data & AI Center of Excellence. Varghese brings over 25 years of expertise in data analytics, machine learning, and financial engineering to the role. He joins IBS Software after a career that spans roles in quantitative finance, algorithm development, and AI/ML deployment. Most recently, George led the AI/ML practice at Upskills Pte Ltd and co-founded Piquant Capital, a systematic hedge fund.

“The travel industry has vast untapped potential for AI-driven innovation,” said George Varghese, Head of the Data & AI CoE at IBS Software. “Creating this new initiative will enable our teams and customers to work together to create meaningful, data-driven solutions that redefine travel and hospitality. Ensuring responsible AI usage while maximizing its benefits will be at the core of what we do.”

Based in Singapore, George will report to Chris Branagan, Chief Technology Officer of IBS Software, and lead the team AI practitioners, with plans for expansion as the CoE evolves.

Chris Branagan comments: “AI holds tremendous potential to reshape the travel experience, but its success relies on trust and responsibility. At IBS Software, we are committed to ensuring that AI not only delivers efficiency and innovation but also adheres to the highest standards of privacy and security. George’s extensive experience and vision for responsible AI align perfectly with our strategy to drive industry-leading solutions.”

To find out more about IBS Software’s use of AI, please visit www.ibsplc.com.

ABOUT IBS SOFTWARE

IBS Software is a leading SaaS solutions provider to the travel industry globally, managing mission-critical operations for customers in the aviation, tour & cruise, hospitality, and energy resources industries. IBS Software’s solutions for the aviation industry cover fleet & crew operations, aircraft maintenance, passenger services, loyalty programs, staff travel and air cargo management. Across the hospitality sector, IBS Software offers a cloud-native, unified platform for hotels and travel sellers, including central reservation (CRS), property management (PMS), revenue management (RMS), call center, booking engine, loyalty and distribution. For the tour & cruise industry, IBS provides a comprehensive, customer-centric, digital platform that covers onshore, online and on-board solutions. Across the energy & resources industry, we provide logistics management solutions that cover logistics planning, operations & accommodation management. The Consulting and Digital Transformation (CDx) business focuses on driving digital transformation initiatives of its customers, leveraging its domain knowledge, digital technologies and engineering excellence. IBS Software operates from 17 offices across the world.

Further information can be found at www.ibsplc.com Follow us: Blog |LinkedIn | Facebook | Instagram

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Loomis Interim Report January – September 2026

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Record high revenue and operating margin (EBITA)

STOCKHOLM, Oct. 30, 2026 /PRNewswire/ —

President and CEO Aritz Larrea comments:
“We delivered a strong third quarter, with record-high revenue, operating income (EBITA) and operating margin (EBITA %). The consistent execution of our strategic priorities continues to drive growth and profitability across the business. Both segment USA and segment Europe and Latin America contributed to the performance, supported by strong demand for secure logistics and the management of high-value assets, as well as cash-handling automation solutions. Revenue exceeded SEK 8 billion, with currency-adjusted growth of 6.6 percent, while our EBITA margin increased by nearly two percentage points year–over–year to 15.1 percent.

We are well positioned to continue to invest in long-term growth opportunities, pursue value-creating acquisitions, and deliver attractive shareholder returns.”

Quarter 3, July – September 2026

Revenue for the quarter was SEK 8,161 million (7,644). The currency-adjusted growth was 6.6 percent (7.1), of which organic growth was 5.8 percent (3.9) and acquisitions contributed 0.8 percent (3.2). Including the exchange rate effect, the total growth was 6.8 percent (0.3).Operating income (EBITA) 1) for the quarter was SEK 1,229 million (1,006) and the operating margin (EBITA) increased to 15.1 percent (13.2).Operating income (EBIT) before items affecting comparability for the quarter was SEK 1,177 million (961) and operating margin (EBIT) before items affecting comparability was 14.4 percent (12.6).Items affecting comparability during the quarter totaled SEK –24 million (–23), related to restructuring in the Europe and Latin America segment.Income before taxes for the quarter was SEK 986 million (789) and net income for the period was SEK 690 million (528).Basic earnings per share for the quarter were SEK 10.31 (7.80) and diluted earnings per share were SEK 10.26 (7.77).Cash flow from operating activities 2) was SEK 732 million (978) in the quarter. Cash flow from operating activities for the rolling twelve months was 84 percent (95) of operating income (EBITA).Net debt in relation to EBITDA was 1.52 times (1.65) in the quarter.Loomis expanded its presence in Latin America through the acquisitions of Transportadora del Interior in Argentina in July and Hermes Transportes Blindados in Peru in October.

1) Earnings Before Interest, Taxes, Amortization of acquisition-related intangible fixed assets, Acquisition-related costs and revenue and items affecting comparability.

2) Cash flow from operating activities is exclusive of impact from IFRS 16.

Report presentation today at 10.00 a.m. (CET)

The report will be presented in a webcast conference today at 10.00 am (CET) by President and CEO Aritz Larrea and CFO Tobias Hägglöv.

To follow the webcast, please follow this link.

The presentation materials and a recorded version of the conference will be available on https://www.loomis.com/en/investors/reports-and-presentations/ following the presentation.

For more information, please contact:

Jenny Boström  
Head of Sustainability and IR
ir@loomis.com
+46 79 006 45 92

Fredrik Hammarbäck
Media and External Communications Manager
media@loomis.com
+46 76 311 56 29

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/loomis-interim-report-january—september-2026,c4417527

The following files are available for download:

https://mb.cision.com/Main/51/4417527/4346980.pdf

Loomis Interim Report January – September 2026

https://mb.cision.com/Public/51/4417527/99a0bf796ea81c6c.pdf

Loomis Interim Report January – September 2026 – press release

 

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SOURCE Loomis AB

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BC Tech Announces 2026 Technology Impact Awards Winners, Celebrating the Companies and Leaders Driving BC’s Tech Economy

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VANCOUVER, BC, Oct. 30, 2026 /CNW/ — BC Tech is proud to announce the winners of the 2026 Technology Impact Awards (TIAs), celebrating the outstanding companies and individuals who have made a significant impact on the BC tech industry.

The sold-out Annual TIAs gala brought together over 800 founders, executives, investors and ecosystem partners at Parq Vancouver. The event honoured 11 award winners and welcomed two new Innovators Hall of Fame inductees.

“Technology is a major driver of British Columbia’s economy, supporting 271,000 jobs and contributing $30.7 billion to provincial GDP,” said Jill Tipping, CEO and President of BC Tech. “Tonight’s winners and finalists showcase the strength of our sector, from startups just starting out to globally competitive anchor companies, and across areas where B.C. has real strengths, from AI to HealthTech. At a time when growing our economy has never mattered more, their success matters to all of BC.”

A highlight of the evening was the presentation of the Gamechanger – AI Award, recognizing BC companies leading the way in developing and deploying artificial intelligence. Presented by KPMG, the award recognized Variational AI for the company’s innovation and leadership in AI.

“AI is reshaping the global economy and BC has a tremendous opportunity to be at the forefront,” said Walter Pela, BC Regional Managing Partner and National AI Market Development Leader for KPMG in Canada. “The companies recognized through the TIAs this year are turning that opportunity into real impact, showing how BC innovation can drive productivity and help businesses compete globally.”

The highly anticipated Gamechanger – Deal of the Year Award, was presented by Vancity, honoured four finalists representing nearly $1 billion in investment – a powerful signal that B.C. companies and technologies are attracting global attention, serious capital and competing on the world stage. Kardium was announced as the award winner for their milestone $340 Million CAD financing deal.

“At Vancity, we know that backing bold ideas can create opportunity well beyond the deal itself,” said Wellington Hollbrook, CEO of Vancity “We are proud to celebrate the dealmakers, innovators and entrepreneurs behind some of B.C.’s most exciting growth stories and the ambitious companies they are helping to grow.”

The evening also welcomed Darren Entwistle, President and CEO of TELUS, and Joy Johnson, President and Vice-Chancellor of Simon Fraser University, into the BC Innovators Hall of Fame, recognizing their leadership and lasting contributions to British Columbia’s technology and innovation ecosystem.

The 2026 TIAs sponsors include Amazon, Aspect Biosystems, Bennett Jones, BFL, Blakes, Business in Vancouver, CIBC, Clarity, Clio, EDC, Electronic Arts, Fasken, Google, Hub International, Innovate BC, KPMG, Launchpad, Low Tide Properties, McCarthy Tétrault, MDA Space, National Bank of Canada, Osler, PBC Solutions, Pender Ventures, PwC, SAP, TELUS, Uber, Vancity and WELL Health.

2026 TIAs Winners and Hall of Fame Inductees

Innovators Hall of Fame | Presented by PwC

Darren Entwistle, President and CEO, TELUSJoy Johnson, President and Vice-Chancellor, Simon Fraser University

Gamechanger – AI | Presented by KPMG

Winner: Variational AIFinalists: Clarius, INETCO, SimplyAsk, Unblocked

Gamechanger – HealthTech | Presented by Aspect Biosystems

Winner: IKOMED TechnologiesFinalists: Jane, mlHealth360, PBC Solutions, SimuHealth

Gamechanger – Industry Innovation | Presented by Innovate BC

Winner: Ideon TechnologiesFinalists: Freightera, PressReader, Quandri

Gamechanger – Climate Leadership | Presented by MDA Space

Winner: CO280Finalists: BCAA, Miraterra, Veritree

Gamechanger – Company Culture | Presented by SAP

Winner: Charitable ImpactFinalists: Freightera, Global Relay, Clarity

Company of the Year – Startup | Presented by Electronic Arts

Winner: Lite-1 BioFinalists: Tersa Critical Minerals, Viridis

Company of the Year – Growth | Presented by Osler

Winner: SenseNetFinalists: Industrio, Kobalt.io, Variational AI, Workforce Wellness

Company of the Year – Scale | Presented by Clio

Winner: Novarc TechnologiesFinalists: Minga, Traction Complete, VRIFY

Company of the Year – Ambition | Presented by Bennett Jones

Winner: PhotonicFinalists: Corinex, KITS Eyecare, MyFO

Company of the Year – Anchor | Presented by Blakes

Winner: WELLSTAR TechnologiesFinalists: Absolute Security, Delta-Q Technologies

Gamechanger – Deal of the Year | Presented by Vancity

Winner: KardiumFinalists: pH7, Photonic, WELL Health

About BC Tech

BC Tech is the largest member-led technology non-profit in British Columbia, and we’re dedicated to turning startups and scaleups into the anchor companies of tomorrow. Our work supports members to grow and diversify their talent pool, acquire new customers, access capital and accelerate their scaleup journey. Technology is a key industry for BC’s future and builds resiliency in every industry. Today, every company is a tech company. 

To learn more visit wearebctech.com.

SOURCE BC Tech Association

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MediaGo Secures Double Wins at Les Cas d’OR 2026, Driving Real Business Growth with Deep-Funnel Optimization

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SAN FRANCISCO, Oct. 30, 2026 /PRNewswire/ — MediaGo, the leading global intelligent advertising platform, has won two prestigious honors at the French digital marketing awards Les Cas d’OR, including the Native Acquisition Strategy Award (Stratégie Acquisition native) and the highly coveted De Vinci Executive Education’s MBA MDIA Special Prize (Prix Spécial MBA MDIA). Achieved in collaboration with France’s leading lead generation agency hipto, this dual recognition underscores MediaGo’s technical strength and its ability to transform native acquisition into a highly effective sales engine.

As a highly authoritative award in the French digital marketing industry, Les Cas d’OR focuses on technological innovation, business growth, and real commercial value. The Native Acquisition Strategy Award was evaluated by a highly professional panel of industry leaders, including top executives from major insurance companies, leading automakers, and premier 4A advertising agencies. Furthermore, the “MBA MDIA Special Prize,” judged by a parallel jury of industry experts and digital marketing master’s students, recognized the joint case for its solid operational logic and its ability to combine platform mechanics with high-quality signals to drive real commercial change and conversions.

As advertisers increasingly rely on native advertising for growth, they still face common challenges: overcoming cold-start hurdles, ensuring creative compliance, and bridging the gap between upper-funnel lead volume and backend business outcomes. To address these pain points, MediaGo has developed a comprehensive, deep-learning-powered product matrix to maximize campaign performance and drive sustainable growth for global advertisers. This includes advanced capabilities like AD Learning, which transfers historical intelligence across campaigns to shorten the cold start, and Approval Copilot, an AI-powered creative assistant that provides real-time monitoring for smooth, fully compliant ad delivery.

Building on SmartBid 3.0—its core intelligent bidding product, MediaGo introduced SmartBid LoopMax this year, a deep-learning powered solution focused on deep-conversion optimization. By combining upper-funnel and deep-funnel conversion signals, LoopMax helps advertisers look beyond lead volume and optimize toward higher-value conversions that better reflect real business outcomes.

“We are thrilled to work alongside hipto to be recognized once again by Les Cas d’OR,” said Leo Ye, Head of Partnerships at MediaGo. “In today’s market, chasing upper-funnel lead volume is no longer enough. Our focus is to continuously advance our deep learning technology to help advertisers maximize ROI, bridging the lead quality gap to provide solutions that truly drive deep conversions and sustainable business growth.”

MediaGo will continue to advance its deep learning-driven advertising technology, evolving its solutions in step with advertisers’ needs to drive scalable, sustainable, and meaningful business outcomes.

About MediaGo

MediaGo is an intelligent advertising platform. Based on deep learning algorithms, MediaGo empowers businesses of all scales, creating tangible value for companies. With 12 operational centers worldwide, MediaGo has successfully provided localized and comprehensive business growth services to over 10,000 partners.

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