The collaboration will drive breakthrough AI research, innovation, and enterprise AI adoption across financial services sectors

SINGAPORE, Nov. 10, 2026 /PRNewswire/ — Newgen Software, a leader in intelligent enterprise orchestration, has signed a Memorandum of Understanding (MoU) with the Asian Institute of Digital Finance (AIDF) at the National University of Singapore to advance research, innovation, talent development, and industry engagement in Artificial Intelligence (AI), with a focus on enterprise AI innovation.

The strategic partnership marks a significant milestone in Newgen’s AI innovation journey and reinforces its commitment to advancing enterprise-ready AI. By bringing together AIDF’s research expertise, startup ecosystem, and education capabilities with Newgen’s enterprise technology, product engineering expertise, and industry experience, the collaboration aims to accelerate the translation of research into practical enterprise applications, technology solutions, and real-world industry use cases.

As organizations increasingly seek to harness AI to drive innovation, improve operational efficiency, and enhance decision-making, the partnership will focus on fostering practical AI innovation for enterprise and financial services environments. The collaboration is designed to help bridge the gap between cutting-edge research and real-world business applications, enabling organizations to unlock measurable value from emerging technologies.

The partnership also creates opportunities for deeper engagement between academia, industry, startups, and ecosystem stakeholders. Through collaborative initiatives and knowledge-sharing programs, Newgen and AIDF aim to strengthen innovation ecosystems, support capability building, and contribute to developing future-ready AI talent.

The collaboration is expected to facilitate the exchange of insights and exploration of emerging AI technologies that can help enterprises orchestrate processes, content, communications, and information more effectively. These efforts align closely with Newgen’s vision of helping organizations drive digital transformation through the NewgenONE Intelligent Enterprise Orchestration Platform, which brings together content, processes, communications, and AI to help organizations operate with greater agility and intelligence.

Under the MoU, Newgen and AIDF will collaborate across several strategic areas, including:

Joint research and development initiatives in areas of mutual interestTranslating research outcomes into enterprise-grade technologies, solutions, and industry use casesEngaging startups, industry partners, regulators, and ecosystem stakeholders through innovation-led initiativesSupporting capability building, education, professional development, and knowledge-sharing programsExploring additional areas of cooperation that advance AI innovation and industry transformation

On this collaboration, Pramod Kumar, CGO, Newgen Software, said, “The future of AI will not be defined by algorithms alone, but by how effectively cutting-edge research is translated into real-world outcomes. Our collaboration with AIDF brings together two complementary strengths: world-class research and deep enterprise expertise. This partnership reflects Newgen’s commitment to staying Ahead of What’s Ahead while helping organizations become truly intelligent enterprises.”

Professor Huang Ke Wei, Executive Director of AIDF, said, “The partnership with Newgen presents an exciting opportunity to strengthen the connection between academic research and industry application. The collaboration will help to advance research, innovation, talent development, and industry engagement in Artificial Intelligence, with a focus on enterprise and financial services applications.”

Balaji Chikrale, APAC Business Head, Newgen, highlighted that the collaboration with AIDF can contribute to Singapore’s digital economy by nurturing local talent, creating meaningful opportunities, strengthening industry–academia collaboration, and accelerating innovation in AI and emerging technologies.

As AI continues to reshape industries globally, the partnership will focus on fostering innovation at the intersection of research, technology, and business, while nurturing future talent and contributing to the broader AI ecosystem.

About Newgen Software

Newgen Software Orchestrates Intelligent Enterprises at scale. The NewgenONE Platform unifies content, processes, and communications into an orchestration layer where intelligence is embedded into how enterprises operate, with trust, governance, and control built in. Enterprises move beyond fragmented initiatives to continuously adaptive, production-ready operations. Decisions, workflows, and experiences evolve in real time, shaped by context, data, and embedded AI. Trusted by leading organizations worldwide, Newgen defines how modern enterprises operate, intelligently and at scale.

Newgen Software Orchestrates Intelligent Enterprises at scale | Newgen Software

About the Asian Institute of Digital Finance

The Asian Institute of Digital Finance (AIDF) is a university-level institute at the National University of Singapore (NUS), jointly founded by the Monetary Authority of Singapore (MAS), the National Research Foundation (NRF), and NUS. AIDF aims to be a thought leader, a FinTech knowledge hub, and an experimental site for developing digital financial technologies, as well as for nurturing current and future FinTech researchers and practitioners in Asia. For more information, please visit: https://www.aidf.nus.edu.sg/.

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Planned acquisition will enable Siemens to integrate hardware-assisted verification with embedded software debug and trace technology into a single workflowCombined workflow to empower customers to identify hardware and software issues earlier, boost engineering productivity, and accelerate time-to-market

MUNICH, Nov. 10, 2026 /PRNewswire/ — Siemens has signed an agreement to acquire Lauterbach, a leading provider of debug and trace solutions for embedded software and complex system-on-chip (SoC) architectures. Lauterbach develops comprehensive, modular and extensible development and verification tools for microprocessors and embedded CPU cores in the form of hardware-assisted debuggers and real-time trace tools. The combination of Siemens’ and Lauterbach’s complementary technologies enables a unified view of chip and software behavior and helps customers more quickly identify errors arising from complex interactions between hardware and software during chip development. The results are faster time to revenue and higher product quality.

The planned acquisition represents another important step in further establishing Siemens’ position as one of the world’s leading electronic design automation (EDA) powerhouses. By adding industry-leading debugging technologies to its hardware-assisted verification solutions, Siemens is further extending its competitive edge. The planned combined solution will enable customers to develop and verify embedded software even earlier, and well before the physical chip is available.

By bringing together these previously separate workflows into a single solution Siemens aims to empower customers with a unified hardware/software view of how increasingly complex application-specific integrated circuit (ASIC) and system-on-a-chip (SoC) devices behave. This shift-left approach helps customers analyze hardware/software interactions at an early stage and significantly shortens the time-to-market for new software-defined products.

“With Lauterbach, we are further extending our industry-leading EDA portfolio for semiconductor design by bringing together our premier hardware-assisted verification portfolio with its industry-leading software debugging technologies. As semiconductors represent a core vertical for our technology strategy, this enables customers to test and optimize their products even before the actual chip is produced – significantly reducing development time,” said Cedrik Neike, Member of the Managing Board of Siemens AG and President Digital Industries.

“Lauterbach is a remarkable success story, written in Germany for the global semiconductor industry. We will build on the impressive legacy that founders Lothar and Stephan Lauterbach and their team have achieved over the past decades and are very pleased to welcome the Lauterbach group to Siemens. We are also delighted that Stephan Lauterbach and Thomas Ullmann will continue their work as part of Siemens following the closing of the transaction.”

Lauterbach and Siemens solutions are already used by numerous mutual customers. The increasing complexity of modern semiconductors and embedded software, driven by trends such as artificial intelligence, software-defined vehicles, Internet of Things (IoT), multi-core architectures, cybersecurity and functional safety, is leading to greater convergence between hardware and software development. On that basis, Siemens expects significant revenue synergies from the transaction.

Headquartered close to Munich, Germany, Lauterbach was co-founded by the brothers Lothar and Stephan Lauterbach beginning in 1979 to develop tools for microprocessor development in the form of hardware-assisted debuggers and real-time trace tools. Lauterbach employs around 170 people and serves more than 1,200 global customers across various industries, including leaders and innovators in automotive, semiconductors and telecommunications. In 2025, the company generated roughly € 60 million in revenues.

“The increasing convergence of hardware and software development is fundamentally changing the industry and our customers’ requirements,” said Stephan Lauterbach, CTO and co-founder of Lauterbach. “By combining our debug and trace technology with Siemens’ hardware-assisted verification capabilities, we are creating a powerful solution that provides developers with a unified hardware/software view of the behavior of increasingly complex ASIC and SoC devices in AI, high-performance computing, storage/hyperscale, automotive, communications and A&D applications. Our commitment to keeping our customers at the center of everything we do remains unchanged.”

The transaction is expected to close in the first half of 2027, subject to customary closing conditions and required regulatory approvals.

The financial terms of the transaction will not be disclosed.

This press release is available at https://sie.ag/28q5nA.

Siemens AG (Berlin and Munich) is a leading technology company focused on industry, infrastructure, mobility, and healthcare. The company’s purpose is to create technology to transform the everyday, for everyone. By combining the real and the digital worlds, Siemens empowers customers to accelerate their digital and sustainability transformations, making factories more efficient, cities more livable, and transportation more sustainable. A leader in industrial AI, Siemens leverages its deep domain know-how to apply AI – including generative AI – to real-world applications, making AI accessible and impactful for customers across diverse industries. Siemens also owns a majority stake in the publicly listed company Siemens Healthineers, a leading global medical technology provider pioneering breakthroughs in healthcare. For everyone. Everywhere. Sustainably.

In fiscal 2025, which ended on September 30, 2025, the Siemens Group generated revenue of €78.9 billion and net income of €10.4 billion. As of September 30, 2025, the company employed around 318,000 people worldwide on the basis of continuing operations. Further information is available on the Internet at www.siemens.com.

Lauterbach is a leading manufacturer of cutting-edge development tools for embedded systems, with more than 45 years of experience. It is an international, well-established company that serves customers all over the world, partners with all major semiconductor manufacturers and continues to grow steadily. At its headquarters in Hoehenkirchen near Munich, the engineering team develops and produces highly capable, specialized and easy-to-use development tools under the TRACE32® brand. Branch offices in the United Kingdom, Italy, France, Tunisia, on the East and West Coast of the United States, Japan and China, along with highly qualified sales and support engineers in many other countries, make Lauterbach’s full product range available worldwide.
For more information, please visit www.lauterbach.com.

Notes and forward-looking statements
This document contains statements related to our future business and financial performance and future events or developments involving Siemens that may constitute forward-looking statements. These statements may be identified by words such as “expect,” “look forward to,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. We may also make forward-looking statements in other reports, in prospectuses, in presentations, in material delivered to shareholders and in press releases. In addition, our representatives may from time to time make oral forward-looking statements. Such statements are based on the current expectations and certain assumptions of Siemens’ management, of which many are beyond Siemens’ control. These are subject to a number of risks, uncertainties and factors, including, but not limited to those described in disclosures, in particular in the chapter Report on expected developments and associated material opportunities and risks in the Combined Management Report of the Siemens Report (www.siemens.com/siemensreport), and in the Interim Group Management Report of the Half-year Financial Report (provided that it is already available for the current reporting year), which should be read in conjunction with the Combined Management Report. Should one or more of these risks or uncertainties materialize, should decrees, decisions, assessments or requirements of regulatory or governmental authorities deviate from our expectations, should events of force majeure, such as pandemics, unrest or acts of war, occur or should underlying expectations including future events occur at a later date or not at all or assumptions prove incorrect, actual results, performance or achievements of Siemens may (negatively or positively) vary materially from those described explicitly or implicitly in the relevant forward-looking statement. Siemens neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.

This document includes – in the applicable financial reporting framework not clearly defined – supplemental financial measures that are or may be alternative performance measures (non-GAAP-measures). These supplemental financial measures should not be viewed in isolation or as alternatives to measures of Siemens’ net assets and financial positions or results of operations as presented in accordance with the applicable financial reporting framework in its Consolidated Financial Statements. Other companies that report or describe similarly titled alternative performance measures may calculate them differently.

Due to rounding, numbers presented throughout this and other documents may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

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SOURCE Siemens

New survey highlights traveler demand for luxury sailings in 2026 and beyond and the key factors driving booking decisions.

FORT LAUDERDALE, Fla., Nov. 10, 2026 /PRNewswire/ — What makes travelers choose luxury at sea? Cruiseline.com and Shipmate announced the findings of a luxury cruise survey, revealing key drivers behind traveler demand in the premium segment. Drawing insights from more than 1,400 participants, the study examined traveler booking habits, destination and brand preferences, as well as factors that could convince luxury cruise skeptics to set sail.

The results show that luxury cruising, once viewed as a niche for the ultra-wealthy, is quickly becoming a bucket-list goal for a much broader range of travelers. Nearly 81% of respondents have either previously taken a luxury cruise or are planning/considering one for the future, a signal that demand in this segment is growing.

Luxury Cruise History

Among all survey respondents, 39.3% said they have previously taken one or more luxury cruises. 37.2% have not yet been on a luxury cruise but are planning or considering a future luxury cruise, and 4.4% have never taken a luxury voyage but have a future cruise already booked. 19.1% of all survey takers said they have never taken a luxury cruise, nor are they interested in booking one in the future.

The luxury and upper-premium cruise lines respondents reported having previously sailed included Viking (29.5%), Oceania Cruises (27.6%), and Cunard (23%), followed by Regent Seven Seas Cruises (19.1%), Silversea Cruises (17.4%), and Azamara Cruises (17.3%).

Over half of respondents (51%) said their most recent luxury cruise was in 2026, with another 22.3% sailed in 2025, pointing to an active and engaged luxury cruiser base. Among travelers, 36.9% have previously taken 2-4 luxury cruises, and nearly a quarter of respondents (22.4%) reported taking nine or more luxury cruises in total. This suggests that once travelers experience luxury cruising, many become repeat customers.

When asked what factors most influenced their decision to book a luxury cruise, itinerary (39.8%) and amenities/inclusions (39.6%) ranked as the highest factors, while price was cited by 0.7% of respondents. Dining quality (69.8%), all-inclusive pricing (66.9%), and smaller, more intimate ships (61.5%) were the top draws these travelers reported they have to luxury cruising as a whole.

Future Luxury Cruises Booked

The survey respondents who reported they already have a future luxury cruise booked shared these travel preferences:

Number of Cruises Booked: 51% of this group have at least one luxury cruise already booked. Others have multiple sailings planned, with 24.4% reporting two cruises booked, 13.3% have four or more booked, and 11.3% have three luxury voyages booked.Which Cruise Line(s) Are They Sailing? Oceania Cruises (19.6%), Viking (18.9%), Regent Seven Seas Cruises (15.8%), Silversea Cruises (14.2%), and Explora Journeys (9.8%) were the five top luxury and upper-premium brands travelers reported they are booked to cruise.When Are They Booked to Sail? 73.7% will sail on a luxury cruise in 2027, and 38.7% reported they have a voyage still booked for 2026. Some travelers are planning in advance, with 38.7% booked to cruise in 2028, and 6.4% booked for 2029 or beyond.Where Will They Cruise To? The Mediterranean was the most popular already booked luxury cruise destination at 35.8%, followed by the Caribbean (31.2%) and Northern Europe (23.2%). 18.3% of survey takers are booked for a Transatlantic/Transpacific voyage, and 13.4% reported they will cruise in Asia.Who Will They Cruise With? The majority of travelers (81.9%) will be cruising with a spouse or partner, 17.6% will sail with friends/group, 12.5% are family travelers, and 6.9% will cruise solo.Additional Cruises Being Considered: Two-thirds of those with a booking (66.4%) said they are already planning more luxury cruises beyond their current reservation, while 27.2% reported they are currently unsure if they will book additional sailings.

Intent to Book Future Luxury Cruises

Travelers who reported that they are in the process of planning and/or considering planning future luxury cruises shared these preferences:

Top Cruise Lines Intended to Book (could select multiple cruise lines): Viking (42.9%), Oceania Cruises (36.8%), and Silversea Cruises (31.3%) topped the list of brands under consideration for future bookings. Other lines being considered included Regent Seven Seas Cruises (25.4%), Cunard (21%), Seabourn (17.1%), Explora Journeys (16.8%), Windstar Cruises (11.3%), Crystal (9.3%), and Ritz-Carlton Yacht Collection (9.1%). Top Destinations Intended to Book (could select multiple destinations): The Mediterranean (40.2%), Northern Europe (31.9%), and the Caribbean (29.6%) were the three most popular cruise destinations under consideration for future luxury bookings. Other destinations under consideration include Transatantic/Transpacific cruises, Alaska, and the Panama Canal.When Are Travelers Considering Booking? For those planning future luxury voyages, 32.4% have 2028 as a projected sail year, 28.8% are planning to sail in 2027, and 16.5% are planning a luxury cruise sometime in 2029 or beyond. Meanwhile, 3.9% said they are making luxury cruise plans for 2026. An additional 18.4% said that they plan to make a future luxury booking, but are unsure of what year.Top Factors for Selecting Future Luxury Cruise: Price was reported as the top decision-making factor for selecting future luxury voyages, cited by 38.4% of respondents. 5.3% of survey takers planning a future cruise said itinerary was their main factor, followed by cruise line at 17.5%, and cruise ship at 6.3%.

“The demand for luxury cruises is thriving, as shown by the volume of secured bookings and reported intent to take future sailings,” said Jamie Cash, Chief Operating Officer of Cruiseline.com and Shipmate. “Travelers are exploring a wide array of luxury brands and destinations, and more are committing to voyages years in advance. As this segment grows over the next few years with the launch of new ships, more innovative itineraries, and even new brands entering the market, we can only expect that more travelers will choose a luxury cruise experience.”

Why Are Some Travelers Holding Back on Luxury Cruises?

What are the driving factors that some travelers have against luxury cruises? Among the 19.1% of respondents who have yet to take a luxury cruise and have no plans to book one in the future, price was the leading reason for hesitation, with 64% citing this as their main factor. Others cited not being the target audience (13.6%), a preference for other mainstream/premium cruise lines (10.8%), or a preference for larger cruise ships (7.4%).

To understand if any factors might make this group of travelers change their minds about luxury cruises, the following was reported:

48.9% said that having premium experiences (such as dining, gratuities, and beverages) included in fares might shift their perception of luxury cruising.When asked if any factors might tempt this group to try a luxury cruise, 78.4% said lower prices, 33.3% said a unique itinerary, 27.5% said included shore excursions, 15.7% reported pre-/post-cruise travel inclusions, and 9.6% said personalized service.13.6% of this group reported that no factors or inclusions could otherwise convince them to try a luxury cruise in the future.

The full luxury survey report and insights can be accessed on Cruiseline.com.

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About Cruiseline.com
Choosing the perfect cruise can feel overwhelming, but Cruiseline.com makes it easy. Whether you’re a first-time traveler or seasoned cruiser, you can discover your ideal getaway with the help of Cruiseline.com’s in-depth reviews, expert advice, powerful deal search tools, user-submitted photos, and a vibrant community passionate about all things cruising.

What sets Cruiseline.com apart? Verified reviews from community members, meaning real reviews by real people. Through a partnership with major cruise lines and travel agencies, Cruiseline.com gathers reviews from cruisers who have sailed on the ships they are reviewing. For more information, visit: Cruiseline.com. 

About Shipmate
Powered by Cruiseline.com, Shipmate is the number one cruise app with over 2 million downloads. Shipmate is the only cruise app that travelers can use before, during, and after a voyage. Features include customizable roll calls for meeting fellow cruisers, cruise countdowns, detailed deck plans, ship and port tips, ship trackers, and advanced deal-searching tools. With an active community sharing reviews, photos, and advice, Shipmate empowers cruisers to make the most of their journeys. To download and learn more about Shipmate, visit: Cruiseline.com/shipmate.

Media Contact
Brooke Franco
Public Relations & Community Manager, Cruiseline.com and Shipmate
bfranco@cruiseline.com / 877-958-7444 

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SOURCE Cruiseline.com