Category: PUB

Analytics, Personalization and Monetization Differentiates Global Online Video Platforms

— In order to remain competitive, vendors must create tighter technology partnerships to provide customers with value-added services, finds Frost & Sullivan

MOUNTAIN VIEW, Calif., Aug. 27, 2014 /PRNewswire/ — The global online video platform (OVP) market is set to double by 2019 as video rapidly becomes a critical means of stakeholder communication and collaboration for enterprises globally. Due to content proliferation and the bring your own device (BYOD) trend, OVP’s are becoming an essential fixture as media and entertainment (M&E) companies are urged to economically deliver video to fast-growing, fragmented video-enabled consumer devices. 

A new analysis from Frost & Sullivan, Analysis of the Global Online Video Platforms Market, finds that the market earned revenue of $369.4 million in 2013 and is estimated to reach $800.2 million by 2019.

For complimentary access to more information on this research, please visit: http://bit.ly/1tlv4s1

“As more niche content finds its way online and intense competition causes customers to differentiate on content selection, time to market, and quality of experience, OVPs will be critical to ensure business success for M&E firms,” said Frost & Sullivan Digital Media Industry Analyst Anisha Vinny. “The inability of M&E organizations to handle the complexity of publishing video online is particularly fuelling the demand for OVPs that can manage and monetize video assets.”

Where budgets are constrained and in regions where the economy has yet to pick up, OVP deployments are slower, which in turn makes home-grown solutions or YouTube popular substitutes. Security concerns around handling branded Intellectual Property (IP) in the cloud and the lack of enterprise-wide video strategies also present challenges.

In addition, there is also confusion around what constitutes an OVP owing to the number of features, including transcoding, DRM, analytics and multi-platform delivery. From a customer’s perspective, comparing various product features, pricing and deployment options is complicated. This lack of market awareness around exact capabilities of an OVP makes consumer education and the right messaging critical.

“Investing in tighter technology partnerships to provide customers with value-added services and critically analyzing product portfolios to make partner versus acquire decisions will be key to maintaining a competitive edge in this market,” noted Vinny. “Even if they do not cultivate a strong local presence, OVP vendors must at least invest in building relationships with reseller channels in Latin America, the Middle East and Asia-Pacific to widen their market scope.”

As a result, offering analytics, metrics and personalization that enable companies to derive value from their video assets will help OVP vendors differentiate themselves in the evolving market.

Analysis of the Global Online Video Platforms Market is part of the Digital Media (http://www.digitalmedia.frost.com) Growth Partnership Service program. Frost & Sullivan’s related studies include: Global Big Data Analytics Market, Global Lecture Capture Solutions (LCS) Market, Global Video and Ad Insertion Server Market, Global Media and Entertainment Solutions for the Cloud, and Global Enterprise Video Webcasting Solutions. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us:     Start the discussion

Join Us:           Join our community

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Analysis of the Global Online Video Platforms Market
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Contact:
Clarissa Castaneda
Corporate Communications – North America
P: +1.210.477.8481
F: +1.210.348.1003
E: clarissa.castaneda@frost.com

http://www.frost.com

South-East Asian Leaders Discuss the Progress and Challenges with ASEAN Integration At The Economist Events’ South-East Asia Summit

JAKARTA, Indonesia, Aug. 27, 2014  /PRNewswire/ — Regional leaders from across government, business, academia, multilateral institutions and non-government organisations (NGOs) came together today at The Economist Events’ South-East Asia Summit to discuss the political, economic and strategic rationale for South-East Asian nations seeking a more integrated region. The event, held in Jakarta at the Ritz-Carlton Hotel, Mega Kuningan, brought together more than 160 high-level executives to explore how greater regional integration is affecting South-East Asia’s economic growth and its interaction and connections with the rest of Asia.

During the keynote panel discussion, Idris Jala, Minister in the Malaysian Prime Minister’s Department and Chief Executive Officer of the Performance Management and Delivery Unit (PEMANDU), expressed how South-East Asia was moving from a loose neighbourhood of states to a connected regional community, through greater political, economic and social integration and the growing importance of the Association of Southeast Asian Nations (ASEAN), in the lead up to the ASEAN Economic Community 2015. However, Jala remarked on how ASEAN still faced many challenges.

“The first challenge is that ASEAN countries are at very different levels of development…There has to be a self-assessment of where each country is in terms of achieving goals set down by ASEAN. A consolidated assessment of where we are. We will then know where the gaps are…ASEAN was never intended to be like the European Union, nonetheless though, if we really believe in greater ASEAN integration, we need to move to greater compliance with ASEAN Economic Community obligations and commitments.

“If you want ASEAN to progress, we need to define the obligations for collaboration and then define the rules for competition. The private sector wants clear rules….There is tremendous opportunities for companies laying a footprint across ASEAN, but we need to lay down clearer frameworks for them.”

Visit the South-East Asia Summit website here, which includes the full programme and speaker details.

To select and download photos from the event, please click here: https://edelmanftp.box.com/s/btgy6la9vh378iyt8opj

Supporters of The Economist Events’ South-East Asia Summit include HSBC as the Lead Sponsor. Asian Institute of Finance and Deloitte are the Supporting Sponsors. Melbourne Business School is the Academic Sponsor. Edelman is the Official PR agency.

Media Contact
Edward Parker
Email: Edward.Parker@edelman.com 
Phone: +62-21-721-59000

SCMP Group Launches EsquireHK.com

First and Only International Men’s Fashion & Lifestyle Media Brand to Kick-start Multimedia Website in HK

HONG KONG, Aug. 26, 2014 /PRNewswire/ — SCMP Group Ltd (SEHK: 583), Asia’s leading media holding company, today announced that it will launch EsquireHK.com on 1 September, establishing Esquire as the first and only international men’s fashion & lifestyle media brand with a localized multimedia online presence in Hong Kong. This follows the publication of Esquire’s Chinese version in January after SCMP Hearst Magazines Limited, a joint venture between SCMP Group and Hearst Magazines International, acquired its publication rights in Hong Kong.

Leveraging the resonance of the print edition’s lifestyle and fashion content, EsquireHK.com will enrich readers’ experience with a host of multimedia daily-refreshed channels on Style, Lifestyle, Watches, Food & Drinks, Machines, People and Esquire TV. The new website shares the signature brand essence and motif of its US counterpart esquire.com, while infusing Hong Kong and international editorial directions with local flair.  EsquireHK.com is powered by multi-talented online editorial specialists that create daily lifestyle & fashion news, reviews, tips, how-to guides and interviews using lively language, videos, photos, infographics and images.

SCMP Group announced that EsquireHK.com will be launched on 1 Sep, establishing Esquire as the first and only international men’s fashion & lifestyle media brand with a localized multimedia online presence in Hong Kong.

SCMP Group announced that EsquireHK.com will be launched on 1 Sep, establishing Esquire as the first and only international men’s fashion & lifestyle media brand with a localized multimedia online presence in Hong Kong.

Ms. Josephine Chan, Managing Director, SCMP Magazines Publishing Ltd said, “Through research and focus groups, we confirmed our belief that there is a dearth of men’s fashion and lifestyle websites with quality and original content in sync with what Hong Kong readers are looking for. EsquireHK.com helps us bridge this important market void, while strengthening our connection with readers, and importantly, building on the success that Esquire print has attained since the January launch.”

Ms. Chan added, “With daily updated content, EsquireHK.com will become indispensable to marketers and advertisers looking for an integrated men-focused advertising and promotion platform. In Esquire magazine and Esquirehk.com, they will be able to direct their promotional efforts to a high-value group of target audience that cares about style and substance.”

An online campaign titled “Are you THE MAN?” has preempted the website launch and introduced readers to Esquire HK’s brand essence – modern, sophisticated, confident and detailed.  Created by the EsquireHK.com team, the campaign is making a splash with visitors, some of whom heard about it from Esquire’s HK Facebook page. The campaign challenges site visitors to test their understanding of “Lifestyle, Style, Workplace and Party”. Registered participants who submit outstanding answers will win special prizes. The campaign www.esquireHK.com/areyoutheman will end on September 7.

About SCMP Group Ltd and South China Morning Post

SCMP Group Limited (SEHK: 583) is a leading newspaper and magazine publisher in Asia. Its flagship publication, South China Morning Post, is Hong Kong’s internationally recognised English language newspaper and has the city’s most affluent and influential readership.

First published in 1903, the newspaper has developed an enviable reputation for authoritative, influential and independent reporting on Hong Kong, Mainland China and the rest of Asia. Available in print, mobile, tablets and online through scmp.com and e-reader editions, South China Morning Post reaches a global audience with daily breaking news, analysis and opinion, multimedia articles and interactive forums. The South China Morning Post received over 160 awards in 2013-14 for excellence in editorial, marketing and technical capability.  Other titles in the Group include the Sunday Morning Post, Nanzao.com, Nanzaozhinan.com, STYLE, Destination Macau, The PEAK, HK Magazine, The List, Where Hong Kong, and Where Chinese.

Through the joint venture partnership with Hearst, SCMP Hearst publishes the Chinese editions of Cosmopolitan, CosmoBride, Harper’s BAZAAR, Harper’s BAZAAR Art, Harper’s BAZAAR Bride, Esquire, ELLE, ELLE Men, ELLE Wedding, ELLE Decoration, and ELLE Accessories; and operates Cosmopolitan.com.hk, Cosmogirl.com.hk, Harpersbazaar.com.hk, ELLE.com and EsquireHK.com in Hong Kong.

For further information please contact:              

+852-2680-8888
communications@scmp.com

Photo – http://photos.prnasia.com/prnh/20140826/8521404785

Frost & Sullivan: Multi-Modality Breast Imaging Systems Spur Innovations in Europe

– Vendors focus on multi-modality equipment that improves the efficiency, specificity and sensitivity of breast cancer screening

LONDON, Aug. 26, 2014 /PRNewswire/ — National population-based screening programs for asymptomatic women aged 40 and above have been established in many European countries for early detection of breast cancer. With every passing year, this population cohort is expanding, spurring breast cancer screening rates and fuelling the need for breast imaging systems. With the number of women being diagnosed with breast cancer also bound to increase, the adoption of equipment for procedures such as biopsy and image guidance too will grow.

Logo – http://photos.prnewswire.com/prnh/20140826/139581

New analysis from Frost & Sullivan, Analysis of the European Breast Imaging Systems Market, finds that the market earned revenues of $988.3 million in 2013 and estimates this to reach $1,384.2 million in 2020. The study covers x-ray mammography, breast ultrasound, breast magnetic resonance imaging (MRI), molecular breast imaging (MBI), and breast computer-aided detection (CAD).

While mammography has been considered the ‘gold standard’ for breast screening, adjunct technologies such as breast ultrasound, breast MRI and MBI too are gaining traction as they improve the standards of diagnosis and treatment of breast cancers.

“The European market will continue to evolve as breast imaging systems vendors look for innovative technologies to battle the increasing rate of false positives and overcome limitations while scanning women with dense breast tissue,” said Frost & Sullivan Healthcare Research Analyst Raghuraman Madanagopal. “3-D tomosynthesis, automated breast ultrasound and MBI are the results of such technological innovations that ensure maximum efficiency and minimum error rates.”

However, sporadic reimbursement trends across countries may lead to equally sporadic uptake of these advanced modalities for breast imaging. While the more commonly performed mammography and the less expensive ultrasound procedures are reimbursed sufficiently, the trend changes for costly procedures such as MRI and MBI.

To overcome this restraint, many breast imaging facilities in Europe are employing multi-modality screening. This, in turn, is expected to drive the use of supplementary modalities such as breast ultrasound.

“Research studies in recent years have validated the benefits that multi-modality screening provides over regular mammography screening, since one modality can overcome the limitations of another,” noted Madanagopal. “In accordance with this validation that a multi-modality approach improves the efficiency, specificity and sensitivity of breast cancer screening procedures, a wide product portfolio will be a core competitive factor in the European breast imaging systems market.”

If you are interested in more information on this study, please email Anna Zanchi, Corporate Communications, at anna.zanchi@frost.com

Analysis of the European Breast Imaging Systems Market is part of the Advanced Medical Technologies Growth Partnership Service program. Frost & Sullivan’s related studies include: US Nuclear Medicine and PET Imaging Systems Market, and European Ultrasound Market. All studies included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants. For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact
Anna Zanchi
Corporate Communications – Europe
P: +39.02.4851 6133
E: anna.zanchi@frost.com

http://www.frost.com

Logo – http://photos.prnasia.com/prnh/20140826/8521404802LOGO

Frost & Sullivan: Quantified-self Technologies Set to Transform Personal Health

— Innovations in sensor technology usher in an era of self-monitoring devices

MOUNTAIN VIEW, Calif., Aug. 26, 2014 /PRNewswire/ — The market for quantified-self technologies — apps that enable people to track and quantify aspects of their daily lives — is currently in the embryonic stage. However, explosive growth is expected in coming years as many companies successfully complete crowd sourcing activities for funding; an indication of the high interest the domain has generated. Communication, computing, data capture and feedback mechanisms will be key technology enablers for quantified-self.

The market for quantified-self technologies – apps that enable people to track and quantify aspects of their daily lives – is currently in the embryonic stage.

The market for quantified-self technologies – apps that enable people to track and quantify aspects of their daily lives – is currently in the embryonic stage.

New analysis from Frost & Sullivan, Sensor Technology Innovations Enabling Quantified-Self, finds that wearable technology has gained considerable traction especially in the health and wellness industry. Increasing momentum in the use of sensor-enabled wearable devices promises more design opportunities in the future.

For complimentary access to more information on this research, please visit: http://bit.ly/1BWbUxW

“The miniaturization trend has quickened development of improved and innovative wearable devices such as smart watches and smart glasses that monitor athletic performance and health,” said Technical Insights Senior Research Analyst Sumit Kumar Pal. “Quantified-self facilitates the tracking of diet, sleep, heart rate, activity, exercise and moods and allows individuals to gain better insights on physiological parameters that were never examined earlier.”

As healthcare is one of the main industries impacted by the quantified-self movement, acquiring accurate data and ensuring seamless interoperability are key challenges. In addition, data sharing among health services and pharmaceutical firms raises privacy concerns. Healthcare companies must ensure that data collected from clients is not shared without direct consent.

User perceived benefits will be another critical factor in the success of quantified-self products, along with affordability. To get the healthcare industry further involved in quantified-self, enhancing the connectivity of wearable devices with technology companies to support data exchange will also be crucial.

“Stakeholders are exploring other ecosystems with which quantified-self can be integrated,” added Pal. “Technological advancements in energy harvesting for mobile and wearable devices as well as in social networking dynamics will push the quantified-self industry into the next stage.”

Sensor Technology Innovations Enabling Quantified-Self, a part of the Technical Insights (http://www.technicalinsights.frost.com) subscription, offers technological and market insights on sensors enabling quantified-self. Along with a snapshot of the technology’s global footprint, the study discusses patent publishing trends, R&D focus, funding, and the impact of mega trends to provide a complete view of quantified-self technology. Detailed technology analysis and industry trends evaluated following extensive interviews with market participants.

Technical Insights is an international technology analysis business that produces a variety of technical news alerts, newsletters, and research services.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Sensor Technology Innovations Enabling Quantified-Self
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Contact:
Jennifer Carson
Corporate Communications – North America
P: +1-210-247-2450
F: +1-210-348-1003
E: jennifer.carson@frost.com

LinkedIn: Transform Health Group
Twitter: @Frost_Sullivan
Facebook: Frost & Sullivan

http://www.frost.com
http://www.technicalinsights.frost.com

GRE® Program Unveils Brand New Official Test Preparation Guides

— Never-before-published real test questions provide more in-depth practice to help prospective graduate and business school students

PRINCETON, New Jersey, Aug. 25, 2014  /PRNewswire/ — In response to requests from test takers, educators, and advisors for additional GRE® test preparation materials, the GRE Program has unveiled new practice questions for the GRE ® revised General Test to help students do their best on test day.

Logo – http://photos.prnewswire.com/prnh/20120110/DC33419LOGO

The “Official GRE® Verbal Reasoning Practice Questions, Volume One” and the “Official GRE® Quantitative Reasoning Practice Questions, Volume One” provide more in-depth practice for test takers and perfectly complement “The Official Guide to the GRE® revised General Test, Second Edition.”

Each guide provides 150 never-before-published questions with complete explanations, and valuable hints and tips. The verbal guide also includes brand new sample tasks for the GRE Analytical Writing Measure while the quantitative guide includes a review of the math topics that may appear on the test.

“One out of three test takers use our official study guide, but test takers in a recent survey indicated that they wanted more practice questions,” says Dawn Piacentino, Director of Communication and Services for the GRE Program at ETS. “In response to that feedback, we are introducing these new verbal and quantitative preparation books.”

These new guides, co-published with McGraw-Hill Education, are available in print and eBook formats through the ETS store and through bookstores worldwide.

The expansion of GRE test preparation materials is designed according to ETS officials to help test takers feel more confident on test day. Similarly, the ScoreSelect® option, available only with the GRE tests, was introduced so that students could show their best. With the ScoreSelect option, GRE test takers can decide on test day – or anytime up to 5 years after test day – which of their sets of scores to send to graduate or business schools worldwide. “It’s about success and achieving their dreams”, says Piacentino.

These new GRE test preparation materials join a growing assortment of print, video and online formats including the free POWERPREP ®II software which includes two full-length practice tests. Other official test preparation tools include the GRE® Success Starter video series, The Official Guide to the GRE® revised General Test, Second Edition”, a mobile app, and ScoreItNow! TM Online Writing Practice.

To learn more about all the official GRE test preparation tools, visit www.takethegre.com/prep.

About ETS
At ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and postsecondary education, and by conducting education research, analysis and policy studies. Founded as a nonprofit in 1947, ETS develops, administers and scores more than 50 million tests annually — including the TOEFL® and TOEIC ® tests, the GRE ® tests and The Praxis Series® assessments — in more than 180 countries, at over 9,000 locations worldwide. www.ets.org

Frost & Sullivan Applauds Musoni for Extending Microfinancing to Kenya’s Previously Unbanked Population Using Mobile Money Technology

— Musoni’s mobile approach has proved efficient, reliable and secure

CAPE TOWN, South Africa, Aug. 20, 2014 /PRNewswire/ — Based on its recent analysis of the microfinance industry (MFI), Frost & Sullivan recognises Musoni with the 2014 Kenyan Frost & Sullivan Award for Technology Leadership. The company is the first 100 percent mobile microfinance institution in the world. By using a mobile platform as a channel to deliver its products and services to customers, Musoni has positioned itself to bring the benefits of microfinance to parts of the Kenyan population left behind by traditional microfinance institutions.

Musoni has consistently delivered its products to clients within 72 hours, which is significantly faster than the usual turnaround time of 7 to 14 days for loans in the microfinance sector in Kenya.

Continuous investment in research and development (R&D) has enabled the company to maintain its high standard of product and service delivery. A recent example of prototyping is the successful enhancement of the organisation’s management information system (MIS) to accommodate a new savings product that will be released to customers as soon as Musoni is registered with the Central Bank of Kenya as a deposit-taking institution.

“Musoni is currently offering micro-credit, and hopes to expand its services to include micro-savings and micro-insurance products,” said Frost & Sullivan Senior Economic Consultant, Craig Parker. “The delivery of savings and insurance using the mobile money platform will increase customer uptake, which is currently less than three percent for micro-insurance products in Kenya. The mobilisation of micro-savings will raise customer profiles and help them qualify for micro-insurance.”

Musoni works closely with international partners such as the Grameen Foundation, KfW and USAID, which enables it to gauge the challenges that the industry is facing. These best practices in process design have had a significant impact on Musoni’s growth. Since 2011, Musoni’s loan book has doubled annually; the company is also rolling out a digitised registration process that will allow it to expand its customer base.

Operational efficiency is pivotal to Musoni’s business, and by basing its operations entirely on the mobile technology platform, Musoni has eliminated the need for paper-based, back-office operations that are typical to commercial banks and conventional MFIs. The technology platform itself is the back office and all processes have been digitised, requiring no human intervention. For example, loan applications are converted to loan facilities and then registered to a loan account. The money is then transferred to the customer’s mobile wallet.

Musoni uses Safaricom’s M-PESA platform to offer micro-loans and accept repayments through mobile phones. More than 80% of the Kenyan population is registered with M-PESA, most of whom have no other access to financial services.

Furthermore, Musoni has built its own middleware as an improvement upon the M-PESA software to facilitate the money transfer process and authenticate loan repayments. The middleware has also enhanced the speed of information upload. For example, when field agents register customers for micro-loans using a mobile tablet, the loan applications are converted into loan facilities and then registered to a loan account. Once this registration is complete, the money is immediately disbursed to the customer’s mobile wallet.

The technological sophistication of the Musoni platform also encourages internal transparency, communication, and efficiency. The company is well ahead of its competitors in terms of technological sophistication because it has eliminated the need for physical branches. The automation of processes further diminishes the need for excess labour capacity on business premises.

“Within a short span of three years, the company has grown rapidly, widening its customer base well above the industry average of 15,000,” noted Mr Parker. “Musoni’s commitment to innovation and development of best practices in providing purely cashless and paperless mobile banking services in microfinance has set it up for continued growth in future.”

Each year, Frost & Sullivan presents this award to a company that has developed a pioneering technology that not only enhances current products but also enables the development of newer products and applications. The award recognizes the high market acceptance potential of the recipient’s technology. Recipients of this award represent the top ten percent of their industry.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis and extensive secondary research to identify best practices in the industry.

About Musoni

Musoni Kenya Ltd was formed in September 2009 and started operations in April 2010 as a credit only microfinance institution but with a full intention of becoming a deposit taking microfinance institution.

The original sponsor of the Musoni brand is Musoni BV, a company based in Amsterdam Holland, which had gained considerable experience working in the field of mobile banking and microfinance in East Africa.

Working with existing MFIs, the Musoni BV team was successful in rolling out the first partnerships between mobile money transfer services (MMT) and MFIs in both Kenya (2008) and Tanzania (2009). These early pilot programmes demonstrated the potential in introducing innovative new technologies to the microfinance industry, and were the inspiration behind setting up an MFI that would be completely cash-free, utilizing mobile money for all loan repayments and disbursements as well as the depositing and withdrawing of savings. As a result, Musoni Kenya is a world-wide leader in the MMT sector and hence was selected as the first country of operations, with more countries to follow.

Musoni stands for Mobile ‘Usoni’, a Swahili word for future, so Musoni means ‘Mobile Future’. Leveraging on technology, Musoni aims at offering the best value, most flexible and most customer-orientated financial services in the market. Their mission is to grow, build and maximize the potential of the businesses of the poor and unbanked of Kenya through the provision of affordable, flexible and customer-orientated financial services. Musoni currently serves more than 15,000 entrepreneurs with loans ranging from 5,000 to 500,000 KES (USD 60 to USD 5,800) totalling to an outstanding portfolio of 357 Million Kenya Shillings (USD 4.1 million) with a PAR > 30 of less than 3%. Musoni Kenya has four shareholders: Musoni BV, KfW, Grameen Foundation, and Access Africa Fund managed by MicroVest.

Musoni MFI is similar in several ways to the traditional microfinance model using the group methodology and character-based credit decisions. Musoni is technology focused, taking advantage of new technologies in order to improve the quality of service to its clients. Musoni is the first MFI to go 100% mobile thus being cash-free, enabling clients to repay their loans (and deposit their savings in the near future) using existing mobile money transfer products, such as M-PESA, (and potentially Airtel money, Orange money and others). This has numerous advantages for Musoni and its clientele base, especially in rural areas where other MFIs and banks are struggling to expand their reach.

Musoni has further leveraged its technology to create a paperless loan service process, integrating a tablet application called “The Musoni App” in the client registration and underwriting process. The use of the Musoni App has improved the loan turnaround time from 72 hours to less than 24 hours for an existing Musoni client. Musoni Kenya continues to innovate and is in the process of integrating automated credit scoring in its underwriting cycle.

About Frost & Sullivan

Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today’s market participants.

Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.

  • The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
  • The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.

For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organization prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?

Contact Us: Start the discussion

Join Us: Join our community

Subscribe: Newsletter on “the next big thing”

Register: Gain access to visionary innovation

Contact:

James Onyutta
Chief Executive Officer
Musoni Kenya Ltd.
Tel: +254 (0) 20260935
E: jamesonyutta@musoni.eu
www.musoni.co.ke

Samantha James
Corporate Communications Africa
Frost & Sullivan
Tel: +27-21-680-3574
E: samantha.james@frost.com

Frost & Sullivan Recognizes Baxano Surgical as a Leader in MIS Spine Innovation

– The company’s products benefit patients with degenerative conditions of the lumbar spine

MOUNTAIN VIEW, Calif., Aug. 18, 2014 /PRNewswire/ — Based on its recent analysis of the minimally invasive spinal surgical solutions market, Frost & Sullivan recognizes Baxano Surgical, Inc. with the 2014 North American Frost & Sullivan Award for Product Line Strategy Leadership. Baxano Surgical’s superior products facilitate minimally invasive surgery (MIS), offering both patients and hospitals reliable and easy-to-use products that improve outcomes for medical conditions that affect the lumbar region of the spine.

Baxano Surgical’s products include AxiaLIF, VEO, iO-Flex, and the AVANCE MIS Pedicle Screw System. The AxiaLIF system provides a minimally invasive alternative to open spinal fusion procedures, while the VEO Lateral Access and Interbody Fusion System helps surgeons to better visualize the surgical area through clear radiographic views and simultaneously provides a nerve monitoring mechanism.

Baxano Surgical’s iO-Flex is specifically designed to treat lumbar spinal stenosis caused by the overgrowth of bone and tissue in the vertebra. It uses a fine wire that allows surgeons to shave away the overgrown tissue without cutting into healthy tissue. Finally, the AVANCE MIS Pedicle Screw System, which provides posterior fixation of the spine, is designed to minimize tissue damage, while eliminating the need for additional incisions to insert a rod.

“Frost & Sullivan finds that with the expansion of its portfolio to include VEO, iO-Flex and AVANCE, Baxano’s product line covers at least half of the spine surgery device needs of hospitals involved in treating degenerative disc disease,” said Frost & Sullivan Consultant Imran Khan. “Baxano Surgical recognizes the need for further additions to its portfolio and continues to invest in its research and development division.”

Furthermore, Baxano Surgical provides a robust training platform to educate surgeons on product utilization and functionality. By providing hands-on experience, surgeons are able to develop practical techniques with a focus on lateral and presacral fusion approaches as well as decompression with the iO-Flex microblade shaver.

“The cost-efficient nature of Baxano’s MIS products creates value for the payers in the form of a lower overall cost of treatment through less recovery time, shorter hospital stay, and reduced need for excessive pain medicine,” noted Khan. “They also benefit hospitals as they aid in resource optimization, demonstrating significant overall value to the healthcare industry.”

Each year, Frost & Sullivan presents this award to the company that has developed a comprehensive product line that caters to the breadth of the market it serves. The award recognizes the extent to which the product line meets customer base demands, the overall impact it has in terms of customer value, as well as increased market share.

Frost & Sullivan’s Best Practices Awards recognize companies in a variety of regional and global markets for outstanding achievement in areas such as leadership, technological innovation, customer service, and product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research.

About Baxano Surgical

Baxano Surgical, Inc. is a medical device company focused on designing, developing, and marketing minimally invasive products to treat degenerative conditions of the spine affecting the lumbar region. Baxano Surgical currently markets the AxiaLIF(R) family of products for single and two-level lower lumbar fusion; the VEO(R) lateral access and interbody fusion system; the iO-Flex(R) system, a proprietary set of flexible instruments used by surgeons during spinal decompression procedures; the iO-Tome(R) instrument, which rapidly and precisely removes bone, specifically the facet joints, which is commonly performed in spinal fusion procedures; and Avance(TM), a MIS pedicle screw system used in lumbar fusion procedures. Baxano Surgical was founded in May 2000 and is headquartered in Raleigh, North Carolina. For more information, visit www.baxanosurgical.com.

AxiaLIF, VEO, iO-Tome and iO-Flex are all registered trademarks of Baxano Surgical.

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