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Research Solutions Reports Fourth Quarter and Fiscal Year 2024 Results

Published

2 years ago

on

Reports 18% Revenue Increase, ARR of $17.4 Million and Record Cash Flow

HENDERSON, Nev., Sept. 19, 2024 /PRNewswire/ — Research Solutions, Inc. (NASDAQ: RSSS), a trusted partner providing cloud-based workflow solutions to accelerate research for R&D-driven organizations, reported record financial results for its fourth quarter and full fiscal year ended June 30, 2024.

Fiscal Fourth Quarter 2024 Summary (compared to prior-year quarter)

Total revenue of $12.1 million, a 22% increase.Platform revenue up 86% to $4.3 million. Platform revenue accounted for 35% of the revenue as compared to 23% in the prior year.Annual Recurring Revenue (“ARR”) up 84% to $17.4 million, which includes approximately $12.1 million of B2B recurring revenue and $5.4M of B2C recurring revenue.Gross profit up 44%. Total gross margin improved 710 basis points to 46.5%.Net loss of $2.8 million, or ($0.09) per diluted share, compared to $376,000 or $0.01 per diluted share. The quarter’s result includes a charge of approximately $4.3 million related to increasing the projected earnout for Scite.Adjusted EBITDA of $1.4 million, a 70% improvement and a Company quarterly record, compared to $825,000.Cash flow from operations of $2.0 million, compared to $1.5 million, a 30% improvement.

Fiscal Year 2024 Summary (compared to Fiscal 2023)

Total revenue of $44.6 million, an 18% increase.Platform revenue up 61% to $14.0 million. Transaction revenue increased 5.7% to $30.7 million.Gross profit up 34%. Total gross margin improved 500 basis points to 44.0%.Net loss of $3.8 million, or ($0.13) per diluted share, including the previously mentioned $4.3 million charge and $1.5 million in proxy and acquisition-related expenses, compared to net income of $572,000 or $0.02 per diluted share.Adjusted EBITDA of $2.2 million, which is inclusive of proxy and acquisition-related expenses of $1.4 million, a Company record, compared to $2.0 million.Cash flow from operations of $3.6 million, a Company record, compared to $3.4 million.

“Fiscal 2024 was a transformational year for the Company. We completed two acquisitions which helped position us as a vertical SaaS and AI company, helping researchers throughout their entire workflow. The integration of these acquisitions and our operational execution were meaningful contributors to our 85% year-over-year ARR growth and the double-digit increase in Adjusted EBITDA,” said Roy W. Olivier, President and CEO of Research Solutions. “There are many untapped market opportunities where our highly specialized product offerings can serve as a vital piece of the research process.  Overall, we believe we are well-positioned to deliver meaningful ARR growth while expanding Adjusted EBITDA margins, creating long-term value for our shareholders.” 

Fiscal Fourth Quarter 2024 Results

Total revenue was $12.1 million, a 22% increase from $10.0 million in the year-ago quarter primarily driven by increased platform revenue versus the prior-year period due to revenue from the Company’s acquisitions as well as organic platform revenue growth.

Platform subscription revenue for the quarter was $4.3 million, an 86% year-over-year increase. The increase was primarily due to the acquisition of Scite, as well as organic growth in the core Article Galaxy platform. The quarter ended with annual recurring revenue of $17.4 million, up 84% year-over-year (see the company’s definition of annual recurring revenue below).

Transaction revenue was $7.9 million, compared to $7.7 million in the fourth quarter of fiscal 2023. The transaction active customer count for the quarter was 1,398, compared to 1,404 customers in the prior-year quarter (see the company’s definition of active customer accounts and transactions below).

Total gross margin improved 710 basis points from the prior-year quarter to 46.5%. The increase was primarily driven by the continued revenue mix shift to the higher-margin Platforms business, as well as a 70 basis point increase in margins in the transactions business.

Total operating expenses were $5.0 million, compared to $3.7 million in the fourth quarter of 2023. The increase was primarily related to the additional cost base associated with the aforementioned acquisitions, as well as increased non-cash depreciation and amortization expense related to such acquisitions. 

Other expense for the quarter was approximately $3.5 million, compared to other income of $120,000 in the prior-year quarter. The primary driver of this was $4.3M of expense related to increasing the earn-out assumption associated with the Scite acquisition.

Net loss in the fourth quarter was $2.8 million, or ($0.09) per diluted share, compared to net income of $376,000, or $0.01 per diluted share, in the prior-year quarter. Adjusted EBITDA was $1.4 million, compared to $825,000 in the year-ago quarter (see definition and further discussion about the presentation of Adjusted EBITDA, a non-GAAP term, below).

Full-Year Fiscal 2024 Results

Total revenue was $44.6 million, an 18% increase from fiscal 2023, driven by both increased platform revenue and transaction revenue.

Platform subscription revenue for fiscal 2024 was $14.0 million, a 61% year-over-year increase. The increase was primarily due to the acquisition of Scite, as well as organic growth in the core Article Galaxy platform.

Transaction revenue was $30.7 million, compared to $29.0 million in fiscal 2023. The increase was driven by organic growth and the impact of a full year of contribution from the acquisition of contracts from FIZ Karlsruhe, compared to six months in fiscal 2023.

Total gross margin improved 500 basis points from the prior-year to 44.0%. The increase was primarily driven by the continued revenue mix shift to the higher-margin Platforms business, as well as a 100 basis point increase in margins in the transactions business related to pricing initiatives.

Total operating expenses for the year were $20.4 million, compared to $14.5 million in fiscal 2023. The increase was primarily related to the additional cost base associated with the acquisitions, including increased non-cash depreciation and amortization expense related to such acquisitions, as well as the aforementioned proxy and acquisition-related expenses.

Net loss for fiscal 2024 was $3.8 million, or ($0.13) per diluted share, compared to net income of $572,000, or $0.02 per diluted share, in the prior-year. Adjusted EBITDA was $2.2 million, compared to $2.0 million in fiscal 2023 (see definition and further discussion about the presentation of Adjusted EBITDA, a non-GAAP term, below).

Conference Call
Research Solutions President and CEO Roy W. Olivier and CFO Bill Nurthen will host the conference call, followed by a question and answer period.

Date: Thursday, September 19, 2024
Time: 5:00 p.m. ET (2:00 p.m. PT)
Dial-in number: 1-412-317-5180

The conference call will be broadcast live and available for replay until October 19, 2024 by dialing  1-412-317-6671 and using the replay ID 10191850, and via the investor relations section of the company’s website at http://researchsolutions.investorroom.com/.

Fiscal Fourth Quarter Financial and Operational Summary Tables vs. Prior-Year Quarter

Quarter Ended June 30,

Twelve Months Ended June 30,

2024

2023

Change

% Change

2024

2023

Change

% Change

Revenue:

Platforms

$   4,277,338

$ 2,303,375

$  1,973,963

85.7 %

$ 13,956,517

$   8,683,246

$  5,273,271

60.7 %

Transactions

$   7,856,176

$ 7,656,342

199,834

2.6 %

$ 30,667,382

$ 29,020,206

1,647,176

5.7 %

Total Revenue

12,133,514

9,959,717

2,173,797

21.8 %

44,623,899

37,703,452

6,920,447

18.4 %

Gross Profit:

Platforms

3,650,286

2,028,265

1,622,021

80.0 %

11,889,314

7,655,960

4,233,353

55.3 %

Transactions

1,992,580

1,892,278

100,302

5.3 %

7,750,852

7,044,931

705,921

10.0 %

Total Gross Profit

5,642,866

3,920,543

1,722,323

43.9 %

19,640,166

14,700,891

4,939,274

33.6 %

Gross profit as a % of revenue:

Platforms

85.3 %

88.1 %

-2.7 %

85.2 %

88.2 %

-3.0 %

Transactions

25.4 %

24.7 %

0.6 %

25.3 %

24.3 %

1.0 %

Total Gross Profit

46.5 %

39.4 %

7.1 %

44.0 %

39.0 %

5.0 %

Operating Expenses:

Sales and marketing

830,195

455,030

375,165

82.4 %

3,442,503

2,285,478

1,157,025

50.6 %

Technology and product development

1,489,491

991,093

498,398

50.3 %

5,442,382

3,742,192

1,700,190

45.4 %

General and administrative

1,917,907

1,649,333

268,574

16.3 %

8,511,697

6,654,012

1,857,685

27.9 %

Depreciation and amortization

311,004

22,163

288,841

1303.3 %

836,271

52,649

783,622

1488.4 %

Stock-based compensation

426,190

585,384

(159,194)

-27.2 %

2,155,461

1,849,906

305,555

16.5 %

Foreign currency translation loss

6,336

(37,743)

44,079

116.8 %

21,395

(121,953)

143,348

117.5 %

Total Operating Expenses

4,981,123

3,665,260

1,315,863

35.9 %

20,409,709

14,462,284

5,947,425

41.1 %

Income (loss) from operations

661,743

255,283

406,460

159.2 %

(769,543)

238,608

(1,008,151)

-422.5 %

Other Income (Expenses):

Other income

(3,451,948)

120,522

(3,572,470)

NM 

(2,903,983)

338,617

(3,242,600)

NM 

Provision for income taxes

(31,022)

(59)

(30,963)

NM 

(113,071)

(5,602)

(107,469)

NM 

Total Other Income (Expenses):

(3,482,970)

120,463

(3,603,433)

NM 

(3,017,054)

333,015

(3,350,069)

NM 

Net income (loss)

$  (2,821,227)

$    375,746

(3,196,973)

NM 

$ (3,786,597)

$      571,623

(4,358,220)

NM

NM

Adjusted EBITDA

$   1,405,273

$    825,087

$      580,186

70.3 %

$   2,243,584

$   2,019,210

$     224,374

11.1 %

Quarter Ended June 30,

Twelve Months Ended June 30,

2024

2023

Change

% Change

2024

2023

Change

% Change

Platforms:

B2B ARR (Annual recurring revenue*):

  Beginning of Period

$ 11,653,063

$ 9,107,681

$  2,545,382

27.9 %

$   9,444,130

$   7,922,188

$  1,521,942

19.2 %

   Incremental ARR

407,139

336,448

70,691

21.0 %

2,616,072

1,521,941

1,094,131

71.9 %

  End of Period

$ 12,060,202

$ 9,444,129

$  2,616,073

27.7 %

$ 12,060,202

$   9,444,129

$  2,616,073

27.7 %

Deployments:

  Beginning of Period

983

815

168

20.6 %

835

733

102

13.9 %

   Incremental Deployments

38

20

18

90.0 %

186

102

84

82.4 %

  End of Period

1,021

835

186

22.3 %

1,021

835

186

22.3 %

ASP (Average sales price):

  Beginning of Period

$         11,855

$      11,175

$             680

6.1 %

$        11,310

$        10,808

$             502

4.6 %

  End of Period

$         11,812

$      11,310

$             502

4.4 %

$        11,812

$        11,310

$             502

4.4 %

B2C ARR (Annual recurring revenue*):

  Beginning of Period

$   4,902,975

$               –

$  4,902,975

$                 –

$                 –

$                –

   Incremental ARR

460,154

–

460,154

NM

5,363,129

–

5,363,129

NM

  End of Period

$   5,363,129

$               –

$  5,363,129

NM

$   5,363,129

$                 –

$  5,363,129

NM

Total ARR (Annualized recurring revenue):

$ 17,423,331

$ 9,444,129

$  7,979,202

84.5 %

$ 17,423,331

$   9,444,129

$  7,979,202

84.5 %

Transaction Customers:

Corporate customers

1,093

1,090

3

0.3 %

1,088

1,012

76

7.5 %

Academic customers

305

314

(9)

-2.9 %

316

304

12

4.0 %

Total customers

1,398

1,404

(6)

-0.4 %

1,404

1,316

88

6.7 %

Active Customer Accounts, Transactions and Annual Recurring Revenue

The company defines active customer accounts as the sum of the total quantity of customers per month for each month in the period divided by the respective number of months in the period. The quantity of customers per month is defined as customers with at least one transaction during the month.

A transaction is an order for a unit of copyrighted content fulfilled or managed in the Platform.

The company defines annual recurring revenue (“ARR”) as the value of contracted Platform subscription recurring revenue normalized to a one-year period.  For B2C ARR, this includes the annualized value of monthly subscriptions, meaning their monthly value multiplied by twelve.

Use of Non-GAAP Measure – Adjusted EBITDA

Research Solutions’ management evaluates and makes operating decisions using various financial metrics. In addition to the company’s GAAP results, management also considers the non-GAAP measure of Adjusted EBITDA. Management believes that this non-GAAP measure provides useful information about the company’s operating results.

The tables below provide a reconciliation of this non-GAAP financial measure with the most directly comparable GAAP financial measure. Adjusted EBITDA is defined as net income (loss), plus interest expense, other income (expense) including any change in fair value of contingent earnout liability, foreign currency transaction loss, provision for income taxes, depreciation and amortization, stock-based compensation, gain on sale of discontinued operations, and other potential adjustments that may arise. Set forth below is a reconciliation of Adjusted EBITDA to net income (loss):

Quarter Ended June 30,

Twelve Months Ended June 30,

2024

2023

Change

% Change

2024

2023

Change

% Change

Net Income (loss)

$  (2,821,227)

$    375,746

$ (3,196,973)

NM

$ (3,786,597)

$      571,623

$(4,358,220)

NM

 Add (deduct):

–

Other income (expense)

3,451,948

(120,522)

3,572,470

NM

2,903,983

(338,617)

3,242,600

NM

Foreign currency translation loss

6,336

(37,743)

44,079

116.8 %

21,395

(121,953)

143,348

117.5 %

Provision for income taxes

31,022

59

30,963

NM

113,071

5,602

107,469

NM

Depreciation and amortization

311,004

22,163

288,841

1303.3 %

836,271

52,649

783,622

1488.4 %

Stock-based compensation

426,190

585,384

(159,194)

-27.2 %

2,155,461

1,849,906

305,555

16.5 %

Gain on sale of disc. ops.

–

–

–

–

–

–

 Adjusted EBITDA

$   1,405,273

$    825,087

$      580,186

70.3 %

$   2,243,584

$   2,019,210

$     224,374

11.1 %

About Research Solutions 
Research Solutions, Inc. (NASDAQ: RSSS) provides cloud-based technologies to streamline the process of obtaining, managing, and creating intellectual property. Founded in 2006 as Reprints Desk, the company was a pioneer in developing solutions to serve researchers. Today, more than 70 percent of the top pharmaceutical companies, prestigious universities, and emerging businesses rely on Article Galaxy, the company’s SaaS research platform, to streamline access to the latest scientific research and data with 24/7 customer support. For more information and details, please visit www.researchsolutions.com 

Important Cautions Regarding Forward-Looking Statements

Certain statements in this press release may contain “forward-looking statements” regarding future events and our future results. All statements other than statements of historical facts are statements that could be deemed to be forward-looking statements. These statements are based on current expectations, estimates, forecasts, and projections about the markets in which we operate and the beliefs and assumptions of our management. Words such as “expects,” “anticipates,” “targets,” “goals,” “projects”, “intends,” “plans,” “believes,” “seeks,” “estimates,” “endeavors,” “strives,” “may,” or variations of such words, and similar expressions are intended to identify such forward-looking statements. Readers are cautioned that these forward-looking statements are subject to a number of risks, uncertainties and assumptions that are difficult to predict, estimate or verify. Therefore, actual results may differ materially and adversely from those expressed in any forward-looking statements. Such risks and uncertainties include those factors described in the Company’s most recent annual report on Form 10-K, as such may be amended or supplemented by subsequent quarterly reports on Form 10-Q, or other reports filed with the Securities and Exchange Commission. Examples of forward-looking statements in this release include statements regarding enhanced product offerings, additional customers, and the Company’s prospects for growth. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made only as of the date hereof, and the Company undertakes no obligation to publicly release the result of any revisions to these forward-looking statements. For more information, please refer to the Company’s filings with the Securities and Exchange Commission. 

 

Research Solutions, Inc. and Subsidiaries
Consolidated Balance Sheets

June 30, 

June 30, 

2024

2023

Assets

Current assets:

Cash and cash equivalents

$

6,100,031

$

13,545,333

Accounts receivable, net of allowance of $68,579 and $85,015, respectively

6,879,800

6,153,063

Prepaid expenses and other current assets

643,553

400,340

Prepaid royalties

1,067,237

1,202,678

Total current assets

14,690,621

21,301,414

Non-current assets:

Property and equipment, net of accumulated depreciation of $922,558 and $881,908,
respectively

88,011

70,193

Intangible assets, net of accumulated amortization of $1,535,310 and $747,355,
respectively ($8,343,056 provisional)

10,764,261

462,068

Goodwill ($13,171,486 provisional)

16,315,888

—

Deposits and other assets

981

1,052

Total assets

$

41,859,762

$

21,834,727

Liabilities and Stockholders’ Equity

Current liabilities:

Accounts payable and accrued expenses

$

8,843,612

$

8,079,516

Deferred revenue

9,023,848

6,424,724

Total current liabilities

17,867,460

14,504,240

Non-current liabilities:

Contingent earnout liability

12,298,114

—

Total liabilities

30,165,574

14,504,240

Commitments and contingencies

Stockholders’ equity:

Preferred stock; $0.001 par value; 20,000,000 shares authorized; no shares issued and
outstanding

—

—

Common stock; $0.001 par value; 100,000,000 shares authorized; 32,295,373 and
29,487,508 shares issued and outstanding, respectively

32,295

29,487

Additional paid-in capital

38,089,958

29,941,873

Accumulated deficit

(26,309,246)

(22,522,649)

Accumulated other comprehensive loss

(118,819)

(118,224)

Total stockholders’ equity

11,694,188

7,330,487

Total liabilities and stockholders’ equity

$

41,859,762

$

21,834,727

 

Research Solutions, Inc. and Subsidiaries
Consolidated Statements of Operations and Other Comprehensive Loss

Years Ended

June 30, 

2024

2023

Revenue:

Platforms

$

13,956,517

$

8,683,246

Transactions

30,667,382

29,020,206

Total revenue

44,623,899

37,703,452

Cost of revenue:

Platforms

2,067,203

1,027,286

Transactions

22,916,530

21,975,275

Total cost of revenue

24,983,733

23,002,561

Gross profit

19,640,166

14,700,891

Operating expenses:

Selling, general and administrative

19,573,438

14,409,634

Depreciation and amortization

836,271

52,649

Total operating expenses

20,409,709

14,462,283

Income (loss) from operations

(769,543)

238,608

Other income

333,088

338,617

Change in fair value of contingent earnout liability

(3,237,071)

—

Income (loss) from operations before provision for income taxes

(3,673,526)

577,225

Provision for income taxes

(113,071)

(5,602)

Net income (loss)

(3,786,597)

571,623

Other comprehensive income (loss):

Foreign currency translation

(595)

3,717

Comprehensive income (loss)

$

(3,787,192)

$

575,340

Basic income (loss) per common share:

Net income (loss) per share

$

(0.13)

$

0.02

Weighted average common shares outstanding

28,863,949

26,860,761

Diluted income (loss) per common share:

Net income (loss) per share

$

(0.13)

$

0.02

Weighted average common shares outstanding

28,863,949

29,139,759

 

Research Solutions, Inc. and Subsidiaries
Consolidated Statements of Cash Flows

Years Ended

June 30, 

2024

2023

Cash flow from operating activities:

Net income (loss)

$

(3,786,597)

$

571,623

Adjustment to reconcile net income (loss) to net cash provided by operating activities:

Depreciation and amortization

836,271

52,649

Fair value of vested stock options

140,150

375,189

Fair value of vested restricted common stock

1,994,362

1,418,718

Fair value of vested unrestricted common stock

—

68,272

Modification cost of accelerated vesting of restricted common stock

20,949

56,000

Adjustment to contingent earnout liability

3,237,071

—

Changes in operating assets and liabilities:

Accounts receivable

(344,020)

(901,518)

Prepaid expenses and other current assets

(164,579)

(124,314)

Prepaid royalties

135,441

(356,026)

Accounts payable and accrued expenses

560,027

1,337,056

Deferred revenue

921,879

886,198

Net cash provided by operating activities

3,550,954

3,383,847

Cash flow from investing activities:

Purchase of property and equipment

(71,510)

(47,209)

Payment for acquisition of Resolute, net of cash acquired

(2,718,253)

—

Payment for acquisition of Scite, net of cash acquired

(7,305,493)

—

Payment for non-refundable deposit for asset acquisition

—

(297,450)

Net cash used in investing activities

(10,095,256)

(344,659)

Cash flow from financing activities:

Proceeds from the exercise of stock options

—

57,500

Common stock repurchase

(554,202)

(104,250)

Payment of contingent acquisition consideration

(351,649)

(50,509)

Net cash used in financing activities

(905,851)

(97,259)

Effect of exchange rate changes

4,851

229

Net increase (decrease) in cash and cash equivalents

(7,445,302)

2,942,158

Cash and cash equivalents, beginning of period

13,545,333

10,603,175

Cash and cash equivalents, end of period

$

6,100,031

$

13,545,333

Supplemental disclosures of cash flow information:

Cash paid for income taxes

$

113,071

$

5,602

Non-cash investing and financing activities:

Contingent consideration accrual on asset acquisition

$

32,022

$

138,428

 

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SOURCE Research Solutions, Inc.

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EAST LONGMEADOW, Mass., Nov. 2, 2026 /PRNewswire/ — Magnolia Management Company, LLC (“Magnolia”) is providing notice of a recent data privacy event that may have affected limited protected health information for certain individuals. On April 3, 2026, Magnolia became aware of unauthorized activity in one employee email account. Upon discovery, Magnolia took immediate action to secure its email environment and investigate the scope of the event, including hiring a third-party forensic investigation firm. Following a thorough review, Magnolia confirmed that a limited amount of information may have been accessed by an unauthorized individual. Magnolia undertook a comprehensive review of the impacted data to identify what type of information was contained therein, and to whom that information belonged. On August 10, 2026, that review was completed.

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Arrowpoint Investment Partners Selects Arcesium to Scale Asia-Focused Multi-Strategy Platform

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55 minutes ago

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November 3, 2026

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Asia-focused multi-strategy investment firm uses Arcesium’s Opterra™ investment lifecycle management platform to efficiently scale complex multi-manager, multi-asset strategies  

SINGAPORE, Nov. 3, 2026 /PRNewswire/ — Arrowpoint Investment Partners (“Arrowpoint”), an investment firm building an Asia-focused, multi-strategy platform, today announced that it has partnered with Arcesium, a leading global financial technology provider to the investment industry. Arrowpoint is leveraging Arcesium’s intelligent data management and operational platform, Opterra, along with its industry expertise and managed services, to scale its sophisticated, multi-asset investment strategies. Equipped with industry-leading technology, Arrowpoint is able to onboard new managers quickly and drive competitive edge across multiple asset classes and investment strategies as the platform scales.

“Using Arcesium’s technology and operational platform enables us to achieve efficient and scalable growth through our Asia-focused strategy,” said Woon Young Jeong, Chief Operating Officer of Arrowpoint. “The company’s pedigree of working with large multi-strategy firms, its managed services’ global coverage, and its intelligent technology made it the right partner to support our goals. Arcesium’s deep capabilities within the hedge fund ecosystem mean our portfolio managers can quickly deploy and scale new strategies, supported by operational infrastructure capable of matching our growth ambitions.”

Founded in 2024 by a former Millennium Asia co-CEO, the Singapore-headquartered firm manages $2 billion in funds, has a presence in Hong Kong and Dubai, and oversees 24 portfolio managers across Asia and the Middle East. As Arrowpoint grows and manages investment activity across multiple asset classes, the firm’s priority was to find an agile technology partner that meets rapid workflows and processes, while harmonizing large volumes of data.

Chris Barrow, Head of Revenue for EMEA & APAC at Arcesium, commented on the announcement: “We are delighted to partner with Arrowpoint as one of the most sophisticated and high-profile launches we’ve seen in Asia. Since opening the Arcesium office in Hong Kong earlier this year and expanding our presence in the region, we are quickly gaining momentum with other hedge funds and asset managers and are tapping into the vibrant market interest in Hong Kong and Singapore. Partnering with such a high-caliber client like Arrowpoint is a key milestone and we look forward to enabling the firm to scale in new directions with the support of our technology and managed services.”

Arcesium’s Opterra is a front-to-back investment lifecycle management platform that fits the unique operating environments of hedge funds, enabling optimized capital efficiency, increased productivity, and reduced operational risk. This partnership underscores Arcesium’s continued momentum in the APAC region as more firms look to modernize their technology infrastructure and scale with confidence.

ENDS

About Arcesium:

Arcesium© is a global financial technology company delivering front-to-back technology solutions for some of the world’s most sophisticated financial institutions, including hedge funds, asset managers, private markets, sell side, and digital assets firms. Expertly designed to achieve a synchronized golden source of data throughout a client’s ecosystem, Arcesium’s cloud-native technology is built to systematize the most complex workflows and help clients achieve scale.

Today, Arcesium services over $6.7T in gross AUM and over $1.2T in sell-side capital balances and has modelled over 178 million investments to date. Arcesium was built from a platform developed and tested by investment and technology development firm, the D. E. Shaw group, and launched as a joint venture with Blackstone Multi-Asset Investing. J.P. Morgan, another large client, later made a strategic investment in the company, helping Arcesium further its mission: to power the entire investment lifecycle. Arcesium currently has a staff of over 2,600 software engineering, accounting, operations, and treasury professionals.

For more information about Arcesium and its capabilities, visit www.arcesium.com and follow the firm on LinkedIn.

 
About Arrowpoint Investment Partners:

Arrowpoint is an investment firm building a differentiated Asia-focused, multi-strategy platform. Learn more at https://arrowpointfund.com/

Arcesium Media Contact:

Ivy Gitarts
Aspectus Group
Ivy.Gitarts@aspectusgroup.com
 

Arrowpoint Investment Partners Media Contact:
media@arrowpointfund.com

 

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SOURCE Arcesium

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From targets to projects: Solar & Storage Live and EVCharge Live Indonesia 2026 focus on infrastructure delivery

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55 minutes ago

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November 3, 2026

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Two co-located events will bring together 5,000+ attendees, 120+ speakers and 100+ sponsors and exhibitors in Tangerang this month to explore Indonesia’s next phase of solar, energy storage, electric vehicle charging and infrastructure development.

TANGERANG, Indonesia, Nov. 3, 2026 /PRNewswire/ — As Indonesia accelerates its solar energy ambitions and expands its electric vehicle charging ecosystem, attention is increasingly turning to the infrastructure, financing and technologies needed to translate national targets into projects on the ground.

These priorities will take centre stage at Solar & Storage Live Indonesia 2026 and EVCharge Live Indonesia 2026, taking place on 11–12 November at the Indonesia Convention Exhibition (ICE), BSD City, Tangerang. Organised by Terrapinn, the co-located events are expected to bring together over 5,000 attendees, 120+ speakers and 100+ sponsors and exhibitors from across the energy, power and electric mobility sectors.

The events come at a significant time as Indonesia accelerates its energy transition. In September 2026, the Ministry of National Development Planning (Bappenas) and PT PLN (Persero) announced plans to develop 100GW of solar power supported by battery energy storage systems (BESS). Meanwhile, Indonesia’s public EV charging network reached 4,769 charging units across 3,097 locations as of April 2026, highlighting the growing need for investment, grid readiness, and collaboration between the energy and transport segments.

An impressive speaker line-up that goes beyond the hype

The two-day event will feature discussions across four stages and eight dedicated tracks, including Commercial & Industrial Solar, Energy Storage & Batteries, EV Batteries, Energy & Ecosystem, EV Infrastructure & Fleet Management, Rural Electrification & Smart Grid, Rooftop, Floating & Residential Solar, Solar Installer University and Utility-Scale Solar.

Among the opening keynote speakers are Togu Pardede, Director of Energy, Mineral and Mining Resources at Bappenas, who will address national priorities for delivering Indonesia’s solar energy transition, and Yusuf Nugroho, Director of Road Transport Means and Safety at the Ministry of Transportation, who will discuss the establishment of a safe electric vehicle ecosystem.

Other senior leaders contributing to the wider programme from government, utilities and industry include:

Arief Heryana, Director of Operations, PT PLN Nusantara RenewablesDr. Yono Reksoprodjo, Expert Staff to the Head of the Agency for Resilience Strategy and Land Affairs, Badan Bank TanahLucky Luqman Nurrahmat, Director of Technology Advancement, BPI Danantara IndonesiaDelano Dalo, Head of Public Financing 2 Division, PT Sarana Multi Infrastruktur (PT SMI)Satya Hangga Yudha Widya Putra, Technical Advisor to The Minister, Ministry of Energy and Mineral Resources (ESDM)Nurwahidi, Senior Advisor Deputy II, Executive Office of the President Republic of Indonesia (Kantor Staf Presiden)Zainul Pulungan, Senior Trainer, Ministry of Energy and Mineral Resources (ESDM)Ricky Adrian, Vice President Decarbonization Business Development and Energy Management, PT PLN (Persero) Riniwaty Sinaga, Public Relations, Indonesian Electric Motorcycle Industry Association (AISMOLI)Yoga Adiwinarto, Director of Business Development, KALISTAMohamad Amrinsyah, Head of Fleet, Lazada IndonesiaHalim Wijaya, Director of GrabRental and Expansion Business, Grab IndonesiaWendy Priana Negara, Group Head of Fleet Investment, PT ASDP Indonesia Ferry (Persero)Reza Fajar Prayoga, Business Planning and Development Manager, PLN Indonesia Power Renewables

Conference highlights include discussions on Indonesia’s priority solar projects, financing barriers to utility-scale deployment, rural electrification and battery storage economics. On the electric mobility front, sessions will examine EV charging infrastructure challenges, fleet electrification and the integration of EV batteries and distributed storage into the power grid.

A curated marketplace of solutions to build relationships and close deals

Beyond the conference, attendees will have the opportunity to explore technologies and solutions from more than 100 sponsors and exhibitors across the exhibition floor.

Deye Inverter, Diamond Sponsor of Solar & Storage Live Indonesia 2026, will be among the companies showcasing solar and energy storage solutions. Infineon, Gold Sponsor of EVCharge Live Indonesia 2026, and AMPECO, Silver Sponsor, will also be participating in the EV-focused exhibition.

Other exhibiting companies include RatedPower, Suryanesia and Studer Cables AG at Solar & Storage Live Indonesia, alongside Green24 Holding, Sumber Daya Alamindo and Statiq at EVCharge Live Indonesia.

Across the show floor, visitors can explore solar PV technologies, inverters, battery storage systems, cables and electrical components, as well as EV charging stations, charging management platforms, battery swapping technologies, portable charging solutions and wall-mounted EV chargers.

The exhibition will attract a broad range of industry professionals, including utilities, independent power producers (IPPs), project developers, EPC contractors, large energy buyers, investors, charging point operators, fleet owners, logistics companies, automotive manufacturers and technology providers, creating opportunities for business connections and cross-sector collaboration.

The events are supported by industry associations and organisations including Charging Interface Initiative (CharIN), Global Energy Alliance, Global Solar Council, Green Building Council Indonesia, Indonesian Electric Motorcycle Industry Association (AISMOLI), Indonesian Express Delivery, Postal and Logistics Services Association (ASPERINDO), Indonesian Logistics Association (ALI), Indonesian Smart Grid Initiative (PJCI), Indonesian Solar Module Manufacturers Association (APAMSI), Indonesian Solar Power Entrepreneurs Association (APPLTSI) and Malaysia Zero Emission Vehicle Association (MyZEVA).

“We’re delighted to be returning to Tangerang for the second editions of Solar & Storage Live Indonesia and EVCharge Live Indonesia,” said Paul Clark, Managing Director, Terrapinn Asia. “The expo has doubled in size since last year, underscoring the level of excitement around Indonesia’s clean energy plans. There’s no better place to get the latest updates on the 100GW plan and the commitment to create a cleaner, greener future for all Indonesians and to meet the people that can actually get your projects moving.”

Solar & Storage Live Indonesia 2026 and EVCharge Live Indonesia 2026 will take place at ICE BSD City, with one visitor pass providing access to both exhibitions. Admission to the event is free for visitors who register.

To register or find more information, please visit: www.terrapinn.com/SSLID26-PRN

Event Details

Solar & Storage Live Indonesia 2026 | EVCharge Live Indonesia 2026
Dates: 11–12 November 2026
Venue: Halls 3 & 3A, Indonesia Convention Exhibition (ICE), BSD City, Tangerang, Indonesia
Opening hours:

Wednesday, 11 November: 08:30–17:30 WIBThursday, 12 November: 09:00–17:00 WIB

About Solar & Storage Live Indonesia

Solar & Storage Live Indonesia is a business-to-business exhibition and conference dedicated to advancing solar power and energy storage deployment in Indonesia. It connects utilities, project developers and energy buyers to explore new technologies, business opportunities and partnerships across the solar and storage value chain.

About Terrapinn

Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something. www.terrapinn.com

PRNewswire is the Official Media Partner of Solar & Storage Live Indonesia 2026 and EVCharge Live Indonesia 2026.

Press attendance is complimentary. For media enquiries, please contact:

Judith Soh
Marketing Manager
Terrapinn
judith.soh@terrapinn.com

Jessica Foong
Marketing Director
Terrapinn
jessica.foong@terrapinn.com

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/from-targets-to-projects-solar–storage-live-and-evcharge-live-indonesia-2026-focus-on-infrastructure-delivery-302926728.html

SOURCE Terrapinn Pte Ltd

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