Technology

VinHMS Ramps Up Global Expansion with Strategic Acquisition

Published

2 years ago

July 1, 2024

HO CHI MINH CITY, Vietnam, July 1, 2024 /PRNewswire/ — VinHMS – an innovator in hospitality technology, has been actively pursuing its strategic plans for international expansion. Established in December 2018 as a member of Vingroup, VinHMS specializes in providing high-quality technology products, and aims to optimize business operations for enterprises. After 5 years of establishment, VinHMS is actively expanding its presence in the domestic market, and plans to extend its footprint out of the borders. This expansion strategy underscores VinHMS’s commitment to becoming a leading provider of hospitality technology solutions in Southeast Asia and the international market, with operations in Vietnam, Singapore, Cambodia, and Thailand. By leveraging native cloud-based platforms, VinHMS aims to reduce overall costs, streamline processes, enhance operational efficiency, accelerate innovations, improve guest experiences, and increase financial performance for hotel operators using AI, machine learning, and proprietary advanced algorithms.

The expansion of VinHMS extends beyond Asia following its successful acquisition by Vemanti Group, Inc., a leading technology holding company. This strategic move positions VinHMS as a frontrunner in digital solutions for the hospitality sector. Leveraging its expertise in digital transformation solutions, VinHMS aims to revolutionize the American hospitality industry. With a strong track record in Southeast Asia, VinHMS brings its innovative solutions to U.S. hotel operators. This strategic move underscores VinHMS’s commitment to global innovation and customer-centric solutions. VinHMS’s acquisition represents a pivotal moment in the Company’s collective history, setting the stage for a future defined by innovation, market leadership and ambitious path to NASDAQ.

A recent highlight for VinHMS was its participation in HoSkar Night Bangkok hosted by WeHub, this is the most vibrant networking event for hospitality and real estate in Southeast Asia. This event provided a platform for VinHMS to showcase its latest innovations and network with industry leaders in Thailand. VinHMS’s involvement in HoSkar Night reinforces its status as a key player in the hospitality technology sector and highlights its ongoing efforts to stay at the forefront of industry trends.

VinHMS offers a range of products designed to meet the diverse needs of the hospitality industry. As a member of HTNG and compliance with international standards, such as ISO 27001:2013 and PCI/DSS, proves the reliability of its solutions in satisfying the most stringent requirements when integrating with leading hotel chains worldwide. This commitment remains VinHMS’s orientation as it builds prestige with international partners. Its flagship solution, the comprehensive hospitality management platform, has been successfully implemented in major hotel brands such as Vinpearl, Melia Hotel International, Marriott, Sheraton, CityHouse and more. Specifically, VinHMS provides offers a suite of innovative solutions in the hospitality technology sector, including:

CiHMS: VinHMS’s flagship hospitality management solution. It helps hotels streamline operations, maximize revenue, and enhance guest experiences.CiAMS: A solution for managing hotel assets efficiently, optimizing resource utilization, and ensuring operational effectiveness.CiTMS: Designed for theme parks, this system assists in managing operations, ticketing, and guest experiences.CiTravel: A digital transformation solution tailored for small hotels, enabling them to enhance their services and improve guest satisfaction.

The vision of VinHMS is to lead the digital transformation in the hospitality industry, providing innovative solutions that drive operational excellence and customer satisfaction. Mr. Hoang Nguyen, CEO of VinHMS, said: “We want to provide an open platform that acts as a foundation for hotels to do innovations. All standard hotel operation tools are there, but the most important thing about our platform is that we can easily connect and integrate with many technology providers to improve cost, increase revenue, and enhance hotel customer experiences.”

About VinHMS:

VinHMS is a technology company specializing in cutting-edge products and solutions aimed at optimizing business operations for customers in the hospitality industry. VinHMS’s comprehensive solution set comprises of CiHMS, CiAMS, CiTMS, and CiTravel. The flagship product is the complete hospitality management platform CiHMS, which is capable of handling all operational needs of 4-star to 5-star hotels and hotel chains. VinHMS pursues the mission of transforming hospitality operations through technology innovations.

VinHMS has processed transactions valued close to $500 million through its solutions, demonstrating significant growth and market acceptance. With rapid expansion, VinHMS is continuing to focus on operational excellence, achieving satisfaction, and developing sustainable growth for more hospitality entities in the future.

Learn more at: https://vinhms.com.

About WeHub:

WeHub, owned by Vision Asia Pacific, is one of the most vibrant hospitality and real estate communities in Vietnam and Southeast Asia. WeHub was founded with the vision to connect businesses, people and ideas. The platform offers the latest trends and insights while facilitating business connections within the real estate and hospitality industries through various activities, including Meet The Experts conferences (MTE), HoSkar Night networking events, SIF masterclasses, and WeTalk private meetings for lead generation.

Follow WeHub’s official channels at:

– LinkedIn: https://shorturl.at/Rw9GA

– Facebook: https://shorturl.at/YKnlY

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SOURCE VinHMS; Vision Asia Pacific

Technology

Hexagon Interim Report 1 January – 31 March 2026

Published

56 minutes ago

April 23, 2026

STOCKHOLM, April 23, 2026 /PRNewswire/ —

First quarter 2026

Continuing operations

Operating net sales of 963.8 (961.5) resulting in organic growth of 8%Net sales including acquired deferred revenue amounted to 963.6 MEUR (961.5)Adjusted gross earnings of 606.3 (619.1) resulting in a 62.9% (64.4) gross marginAdjusted operating earnings (EBIT1) of 251.3 MEUR (248.7) resulting in a 26.1% (25.9) EBIT1 marginAdjusted earnings per share of 6.7 Euro cent (6.5)Earnings per share of 58.4 Euro cent (5.0)Cash conversion of 77% (60)Recurring revenue of 289.9 MEUR (308.0), 6% organic growthOctave reported operating net sales of 327.2 MEUR (361.3) and adjusted operating margin of 25.2% (26.6)Adjusted earnings per share including discontinued operations of 9.1 (9.4)Earnings per share including discontinued operations of 59.9 Euro cent (7.0)

For further information, please contact:
Tom Hull, Head of Investor Relations, +44 (0) 7442 678 437, ir@hexagon.com
Anton Heikenström, Investor Relations Manager, +46 8 601 26 26, ir@hexagon.com

This is information that Hexagon AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 23 April 2026.

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

https://news.cision.com/hexagon/r/hexagon-interim-report-1-january—31-march-2026,c4338783

The following files are available for download:

https://mb.cision.com/Main/387/4338783/4053482.pdf

Hexagon Interim Report Q1 2026

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SOURCE Hexagon

Technology

Dragonpass Empowers Financial Institutions with End-to-End Loyalty Solutions at Money20/20 Asia

Published

56 minutes ago

April 23, 2026

BANGKOK, April 23, 2026 /PRNewswire/ — Dragonpass, a leading global travel and lifestyle platform, participated in Money20/20 Asia, showcasing its customer loyalty solutions for banks, payment providers, credit card issuers, and fintech companies across APAC and globally.

As one of the most influential fintech events worldwide, Money20/20 Asia gathers decision-makers across the financial ecosystem. At the event, Dragonpass demonstrated how financial institutions can enhance customer engagement and build long-term loyalty through integrated travel and lifestyle experiences.

Established in 2005, Dragonpass has evolved from a lounge provider into a loyalty solutions partner, serving more than 800 global clients and over 40 million members worldwide.

At the core of Dragonpass is a business structure that combines global supply aggregation, a technology-enabled engagement platform, and consumer-facing lifestyle services — providing a one-stop solution across the customer lifecycle.

Leveraging data-driven insights, Dragonpass enables partners to design and optimise loyalty programs, incorporating customer segmentation and tiered incentive structures, alongside curated campaigns and entitlement configuration — driving more effective customer activation, engagement, and retention.

Its offering includes a broad portfolio of travel and lifestyle benefits such as airport lounge access, fast-track, dining, airport transfers, and lifestyle experiences. These are supported by flexible delivery models, including API integration, white-label solutions, and ready-to-deploy digital platforms, enabling seamless integration into clients’ customer journeys.

As customer expectations evolve, the industry is shifting from standardized benefits to more personalized, experience-led loyalty models. Insights from Dragonpass’s Loyalty Index show that customers increasingly value trust, rewards, simplicity, recognition, and exclusivity, with preferences varying across markets.

“Financial institutions today are looking for more effective ways to engage customers beyond traditional rewards,” said Jane Zhu, Co-founder and CEO of Dragonpass. “User engagement is at the core of loyalty, and technology — especially AI — plays a key role in enabling deeper and more relevant customer connections.”

Dragonpass works with leading global brands including Mastercard, Visa, HSBC, and Revolut, supporting them deliver differentiated value propositions and enhance customer engagement through scalable, customizable solutions.

Through its participation at Money20/20 Asia, Dragonpass aims to strengthen its presence in the APAC market and build strategic partnerships with organizations seeking to elevate their customer engagement strategies.

About Dragonpass

Dragonpass is a global travel and lifestyle platform providing premium airport and travel experiences across 140+ countries. By integrating global supply and technology, Dragonpass enables partners to deliver seamless, personalized experiences and drive customer loyalty.

Media Contact

Dragonpass PR
Email: brandmarketing@dragonpass.com
Website: www.dragonpass.com

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SOURCE Dragonpass

Technology

SBI Life Insurance registers New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026

Published

56 minutes ago

April 23, 2026

MUMBAI, India, April 23, 2026 /PRNewswire/ — SBI Life Insurance, one of the leading life insurers in the country registered a New Business Premium of ₹42,551 crores for the year ended on 31st March, 2026 vis-a-vis ₹35,577 crores for the year ended 31st March, 2025. Single premium has increased by 28% over the year ended on 31st March, 2025.

Establishing a clear focus on protection, SBI Life’s protection new business premium stood at ₹4,622 crores for the year ended 31st March, 2026, marking a growth of 13%. Protection Individual new business premium registered a growth of 23% and stood at ₹973 crores for the year ended 31st March, 2026. Individual New Business Premium stands at ₹29,783 crores with 13% growth over the year ended on 31st March, 2025.

SBI Life’s profit after tax stands at ₹2,470 crores for the year ended 31st March, 2026 with a growth of 2% over the year ended on 31st March, 2025.

The company’s solvency ratio continues to remain robust at 1.90 as on 31st March, 2026 as against the regulatory requirement of 1.50.

SBI Life’s AUM also continued to grow at 9% to ₹4,87,163 crores as on 31st March, 2026 from ₹4,48,039 crores as on 31st March, 2025, with the debt-equity mix of 62:38. 94% of the debt investments are in AAA and Sovereign instruments.

The company has a diversified distribution network of 3,58,506 trained insurance professionals and wide presence with 1,230 offices across the country, comprising of strong bancassurance channel, agency channel and others comprising of corporate agents, brokers, Point of Sale Persons (POS), insurance marketing firms, web aggregators and direct business.

Performance for the year ended March 31, 2026

Private Market leadership in Individual New Business Premium and Individual Rated Premium with market share of 25.5% & 22.9% respectively.Annualized Premium Equivalent (APE) stands at ₹ 24,266 crores with growth of 13%Individual New Business Sum Assured stands at ₹ 4,46,337 crores with 61% growthImprovement in 13M & 49M persistency by 53 bps & 107 bps respectivelyValue of New Business (VoNB) stands at ₹ 6,667 crores with growth of 12%VoNB Margin stands at 27.5%Indian Embedded value (IEV) stands at ₹ 80,791 crores with 15% growthProfit After Tax (PAT) stands at ₹ 2,470 crores with 2% growthOperating Return on Embedded Value stands at 19.7% Assets under Management stands at ₹ 4,87,163 crores with 9% growthRobust Solvency ratio of 1.90

Logo: https://mma.prnewswire.com/media/2672544/SBI_Life_25_Years_Logo.jpg

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