Day: May 17, 2022

TheoremOne Announces Merger with S4Capital, Will Help Lead Technology Services Practice

TheoremOne®, an innovation and engineering partner to the Global 1000, will augment S4Capital’s technology consulting capabilities.

LOS ANGELES–(BUSINESS WIRE)– TheoremOne, a leader in agile, full-stack innovation, engineering, and design that helps major enterprises achieve strategic digital transformation, today announced its combination with S4Capital plc (SFOR.L), a technology-led digital advertising and marketing services company.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220517005582/en/

TheoremOne’s merger with S4Capital will accelerate their shared vision to disrupt the technology consulting ecosystem. (Graphic: Business Wire)

The merger will accelerate S4Capital’s transition into a technology and innovation firm, powered by the combination of art and science. As an innovation and engineering partner to the Global 1000, TheoremOne will play a critical role in this evolution.

As a result of the combination, TheoremOne will now have access to dozens of new capabilities including those in the media, content, data, and analytics verticals. The merger with S4Capital brings unique and innovative agencies into TheoremOne’s orbit including Media.Monks — a leader in branded digital experiences, content, and marketing data.

“We wanted a partner that could serve both as an accelerant for our growth and that was passionate about helping us disrupt the technology consulting ecosystem — joining forces with Media.Monks and S4Capital means we’ll be taking the field with some of the best talent in the world,” said Brady Brim-DeForest, CEO of TheoremOne. “The entrepreneurial, growth-focused culture at S4Capital is one where I’m confident our team will feel right at home.”

S4Capital plc (SFOR.L) is the tech-led, new age/new era digital advertising and marketing services company, established by Sir Martin Sorrell in May 2018. Its strategy is to build a purely digital advertising and marketing services business for global, multinational, regional, and local clients, as well as millennial-driven influencer brands. This will be achieved by integrating leading businesses in three practice areas: Content, Data&digital media, and Technology services, along with an emphasis on “faster, better, cheaper” executions in an always-on consumer-led environment, with a unitary structure.

Sir Martin Sorrell, S4Capital Executive Chairman said, “With the intersection of Marketing, Sales, and Information Technology continuing to be a key topic for brands and all C-suite executives, we at S4Capital are building a genuinely integrated offer for our clients comprising best-in-class technology services combined with content and data&digital media expertise. We are delighted to welcome Brady, Will, David, and their colleagues – their vision and ambition will no doubt be a great fit for us.”

TheoremOne will continue to operate autonomously and its leadership team will maintain operational control. Brim-DeForest will continue to serve as CEO, founder William Jessup as Head of Services, and David Kullmann as Head of Staffing and Embedded Teams. TheoremOne leadership will report directly to S4Capital’s Executive Committee with a broad mandate to continue to build its world-class capabilities and client base.

“We are thrilled to embark on the next phase of TheoremOne’s growth and development with our partners at Media.Monks and S4Capital,” said Will Jessup, TheoremOne Founder and Head of Services.

“We are excited to share our vision of disrupting the traditional consulting model with Media.Monks and S4Capital. Together, we will leverage TheoremOne’s capabilities to drive technology-enabled enterprise transformation. This unique merger will deliver exponential value to our joint client portfolio and beyond,” said David Kullmann, TheoremOne Partner and Head of Staffing Services.

About TheoremOne®

TheoremOne is an innovation and engineering company that advises clients on product strategy, engineering, design, and culture, then partners with them to build and launch technology-driven solutions to their most complex problems.

TheoremOne was founded in 2007 by Will Jessup (Founder & Head of Services) and has been led since 2017 by Brady Brim-DeForest (CEO). With a team of over 370 experts distributed around the world (70% in North America), TheoremOne helps clients such as American Express, AT&T, Intel, Starbucks, Caterpillar, and several of the world’s leading technology companies conceptualize, build, support and manage their digital products, services, and experiences.

TheoremOne is chosen by clients when results matter most — becoming the agent of change, and driving a transformation that involves not only technology but also people, process, and leadership.

Headquartered in Los Angeles, TheoremOne’s global team of engineers, designers, technologists, researchers, strategists, and advisors has deep expertise across a broad variety of industries including consumer electronics, automotive, manufacturing, supply chain, healthcare, finance, and entertainment.

About S4Capital

S4Capital plc (SFOR.L) is the tech-led, new age/new era digital advertising and marketing services company, established by Sir Martin Sorrell in May 2018.

Its strategy is to build a purely digital advertising and marketing services business for global, multinational, regional, local clients, and millennial-driven influencer brands. This will be achieved by integrating leading businesses in three practice areas: Content, Data&digital media, and Technology services, along with an emphasis on “faster, better, cheaper” executions in an always-on consumer-led environment, with a unitary structure.

Digital is by far the fastest-growing segment of the advertising market. S4Capital estimates that in 2021 digital accounted for over 60% (for the first time) or $400-450 billion of total global advertising spend of $680-700 billion (excluding over $500 billion of trade promotion marketing, the primary target of the Amazon advertising platform) and projects that by 2025 total global advertising spend will expand to $975 billion and digital’s share will grow to approximately 70%, accelerated by the impact of covid-19. In fact, 97% of the projected growth in Advertising spend between 2021 and 2025 will come from Digital. Global spend on Digital Transformation (the primary addressable market for Technology Services) is growing at 21% CAGR and projected to be $879bn by 2025.

In 2018, S4Capital combined with MediaMonks, the leading AdAge A-listed creative digital content production company led by Victor Knaap and Wesley ter Haar, and then with MightyHive, the market-leading digital media solutions provider for future thinking marketers and agencies, led by Peter Kim and Christopher S. Martin.

Since then, MediaMonks and MightyHive have combined with more than 25 companies across Content, Data&digital media and Technology services. For a full list, please see the S4Capital website.

In August 2021, S4Capital launched its unitary brand by merging MediaMonks and MightyHive into Media.Monks, represented by a dynamic logo mark that features MightyHive’s iconic hexagon. As the operational brand, Media.Monks underpins S4Capital’s agility, digital knowledge and efficiency and is the next step in delivering on its foundational promise to unify Content, Data&digital media and Technology services.

Victor Knaap, Wesley ter Haar, Pete Kim, Christopher Martin, Mary Basterfield and Scott Spirit all joined the S4Capital Board as Executive Directors. The S4Capital Board also includes Rupert Faure Walker, Paul Roy, Daniel Pinto, Sue Prevezer, Elizabeth Buchanan, Naoko Okumoto, Margaret Ma Connolly, Miles Young and Peter Rademaker.

The Company now has over 8,800 people in 33 countries across the Americas, Europe, the Middle East and Africa and Asia-Pacific and a current market capitalisation of approximately £1.75 billion (c.$2.14 billion) and would rank in the FTSE 200. It achieved Unicorn status in a little over one year, unique in the advertising and marketing services industry. Sir Martin was CEO of WPP for 33 years, building it from a £1 million “shell” company in 1985 into the world’s largest advertising and marketing services company with a market capitalisation of over £16 billion on the day he left. Today its market capitalisation is £10.8 billion, dropping into third place behind both Omnicom and Publicis for the first time ever. Prior to that Sir Martin was Group Financial Director of Saatchi & Saatchi Company Plc for nine years.

Source: Cyprus News Agency

The ESA Solar Orbiter mission is observing the Sun like no other mission before, revealing the secrets of our star. In an interview with CNA Cypriot Georgios Nicolaou, Lecturer in Space Plasma Physics at Mullard Space Science Laboratory of University College London, who is involved in this unique space mission, talks about the importance of the mission as well as his participation in the project.

The ESA Solar Orbiter mission is observing the Sun like no other mission before, revealing the secrets of our star. In an interview with CNA Cypriot Georgios Nicolaou, Lecturer in Space Plasma Physics at Mullard Space Science Laboratory of University College London, who is involved in this unique space mission, talks about the importance of the mission as well as his participation in the project.

The Solar Orbiter, he said, is a space mission by ESA and with strong participation by NASA, which observes the Sun and studies its complicated mechanisms. He recalled that the spacecraft was launched in February of 2020 and it carries ten scientific instruments that have been developed in several research institutes all over the world.

“I am working at the university and the research laboratory which is responsible for the instrument measuring the Solar electrons. These electron measurements will help in understanding the acceleration and heating mechanisms acting on the Solar material flowing in space,” he told CNA.

The spacecraft, he added, carries cameras which observe the Solar surface in high resolution that was never achieved in previous Solar observations. At the same time, some other instruments onboard the spacecraft measure the magnetic and electric fields in space, while other instruments measure the Solar particles flowing fast in space.

The spacecraft passes very close to the Sun, approaching occasionally one third of the distance between the Sun and the Earth.

“Due to this unique orbit, we can capture extreme details on the Solar surface and witness the complicated mechanisms that create the electromagnetic fields and the particle flows in space, which is what we call “the Solar Wind”,” he explained.

Nicolaou told CNA that the combination of these observations will provide the necessary information we need in order to understand the complicated mechanisms which govern the Sun and interplanetary space.

“This is the first space mission obtaining several remote sensing observations with extreme detail and simultaneous observations of the Solar wind particles and electromagnetic fields. Because of these observations we have an advantage in correlating the Solar activity on the Solar surface with the resulted solar wind in space,” he noted.

“In addition, the combination of Solar Orbiter observations and observations from other spacecrafts, we will be able to monitor and study the revolution of the Solar Wind as it flows away from the Sun expanding in space,” the Cypriot researcher said.

Currently, the scientific groups of the mission are investigating the observations which will allow scientists to answer important scientific questions regarding the Solar activity, the heating of the outer Solar atmosphere and the creation of the Solar Wind.

Nicolaou said that ESA has already published unique images of the Sun captured by Solar Orbiter cameras. He explained that “in these pictures we can see extreme details that we have never seen before.” In addition, a few months ago, a series of published articles show the first observations and discoveries of the mission.

“This research is in constant evolution. Therefore, I believe that we will have major breakthroughs in Solar Physics within the next few years,” he pointed out.

Nicolaou works with the team that leads the operations and the data-analysis of the Solar Wind electron observations.

Asked by CNA about his involvement, he said that “I have developed useful models of the electron instrument which allow the accurate analysis of its observations. In particular, my analysis allows the conversion of the observations to scientific quantities, such as particle speed and temperature, which we need to study the physical mechanisms in space. I have already published articles presenting and explaining this analysis. Moreover, in one of my publications I apply my tools to the first Solar Wind electron observations by Solar Orbiter.”

At the moment, he said, he is coordinating the sophisticated analysis of all the available electron data with researchers from various institutes. The analysis focuses on the production of complete scientific data series which will be available to the entire scientific community.

Nicolaou added that “our task demands a good knowledge of the instrument operations. Although this can be a complicated task, our team can anticipate the difficulties due to our experience in this field. We have already provided data to other teams leading to important discoveries. Some of these discoveries are published in international scientific journals.”

“I am very excited to be one of the first people watching the Sun through Solar Orbiter and to contribute in understanding of the Solar activity mechanisms. For the next years, I am planning to concentrate on scientific analysis, trying to understand various aspects of the Solar activity, always in collaboration with colleagues, researchers and students all over the world,” he concluded.

Source: Cyprus News Agency

Supporting the modernisation of state infrastructure and speeding up the adoption of cloud services in the public and private sectors of Cyprus are the main aims of a Memorandum of Understanding signed on Tuesday at the Presidential Palace between the Deputy Ministry of Research, Innovation and Digital Policy and Amazon Web Services (AWS).

Supporting the modernisation of state infrastructure and speeding up the adoption of cloud services in the public and private sectors of Cyprus are the main aims of a Memorandum of Understanding signed on Tuesday at the Presidential Palace between the Deputy Ministry of Research, Innovation and Digital Policy and Amazon Web Services (AWS).

Deputy Minister Kyriacos Kokkinos said after the signing ceremony that collaboration with Amazon Web Services opens up a new era of opportunities for the country, enabling and facilitating cloud adoption across government and industry.

“Leveraging on AWS experience, best practices and expertise, Cyprus aspires to modernise IT infrastructure and policies relevant to the provision of cloud computing services in the areas including, but limited to, security, open data and procurement, as well as enable a cloud-ready workforce and foster cloud-enabled businesses”, he added, stressing that the goal is to accelerate holistic digital transformation, a key lever for a diversified, more sustainable development model that can drive economic growth, international competitiveness and social prosperity.

According to the Deputy Minister, AWS will work closely with the Ministry to provide a technical boost to its workforce through a wide range of upskilling and reskilling training activities, as well as to deploy several government modernisation initiatives, starting with pilots in areas such as smart citizen services, big data and artificial intelligence, as well as “Smart Cities” solutions.

“We set the foundations for an elevated partnership aimed at accelerating our transition to a cloud-driven government and a dynamic digital economy, through modernization, capacity building, innovation and entrepreneurship”, added Kokkinos, characterizing the MoU as “the first step in a long-term, mutually beneficial collaboration, that can contribute significantly to advancing Cyprus’ posture as an emerging regional technology and innovation hub, able to cater to the needs of international ICT businesses.”

On behalf of Amazon Web Services, Director of Europe Public Sector Cameron Brooks said that AWS is part of Cyprus’ digital transformation as the nation ushers in a new area of innovation, with entrepreneurs, public sector organisations and enterprises alike, sharing the vision of a modern digital society.

“Through this MoU we commit our support to this vision, offering initiatives that will foster innovation, help grow local start-ups, support IT modernisation and build digital skills for future generations,” he added.

Brooks also said that a cloud-enabled workforce equipped with the latest and digital skills will be the foundation on which Cyprus can continue to build towards its digital transformation goals, adding that “our AWS education and training programmes are uniquely placed to identify digital reskilling opportunities, providing access to hundreds of hours of self-paced training and resources, as well as online and in-person collaboration and networking opportunities. We are pleased to bring these programmes to Cyprus and aim to kick start AWS cloud education programme very soon”.

In addition, Brooks stressed AWS’ commitment to sustainability. “Energy and the resulting carbon emissions are material issues to our business and are important to our customers and other stakeholders,” he said, adding that “AWS cloud and digital technologies are actively enabling key sectors to decarbonize and become more sustainable.”

According to Brooks, “independent studies show that businesses in Europe can reduce energy use by nearly 80% when they run applications on AWS cloud instead of operating in their own data centers.”

“Our renewable energy teams are making significant progress towards a 100% renewable goal and we are on track to achieve this by 2025, five years earlier than our original goal,” he noted.

The AWS executive said that the company sees this MoU “as a start of a partnership that will see the government of Cyprus realise its digital transformation goals.”

“We look forward to working with both private and public sector entities across Cyprus as the nation moves closer towards the vision of a modern, digitally enable society,” he noted.

Source: Cyprus News Agency

The Cyprus House has finalized its group that will participate in the 3+1 Interparliamentary Dialogue (Cyprus, Greece, Israel + the US). The group will comprise members of three House parliamentary committees.

According to a House press release, Democratic Rally MPs Harris Georgiades and Nicos Tornaritis, AKEL-Left-New Forces MPs George Loukaides and Aristos Damianou and Democratic Party MPs Nicholas Papadopoulos and Christiana Erotokritou will participate in the group.

The 3+1 Interparliamentary Cooperation, among the House of Representatives, the Hellenic Parliament, Knesset and the US Congress is a follow up of the cooperation among the Republic of Cyprus, the Hellenic Republic, the State of Israel and the US, at the governmental level.

The first meeting of the four parliamentary groups, in the framework of the 3+1 Interparliamentary Cooperation is scheduled to take place in 2022, either online or by physical presence in Washington. The six-member Congress groups includes Senator Robert Menendez.

Source: Cyprus News Agency

Greek Prime Minister Kyriakos Mitsotakis conveyed to US President Joe Biden the message that the Cyprus government is determined to work towards a solution, in line with UN resolutions and EU principles, Cyprus President Nicos Anastasiades said on Tuesday.

Responding to questions at the Presidential Palace, President Anastasiades said he is perfectly content with the discussion between Mitsotakis and Biden about the Cyprus problem, which took place in Washington on Monday.

During his meeting with Joe Biden, Mitsotakis “raised the Cyprus problem, raised the issues that disturb peace or pose a threat to peace in the region” following the coordination between Anastasiades and the Greek Premier during a recent meeting in Athens, the President of Cyprus added.

He also said that Mitsotakis conveyed on his behalf the message to Biden that the Cyprus government is “determined to work towards a solution on the basis of UN resolutions, on Security Council decisions and of course on EU values and principles.”

?he occasion arises due to violations of international law, under the same pretext Turkey used during the 1974 invasion of Cyprus, the President added.

He concluded by saying that he will be informed on the meeting upon the Prime Minister’s return from Washington.

Cyprus has been divided since 1974, when Turkey invaded and occupied its northern third. Repeated rounds of UN-led peace talks have so far failed to yield results.

Source: Cyprus News Agency

The GDP growth rate in real terms during the first quarter of 2022 is positive and it is estimated at 5.8% over the corresponding quarter of 2021, according to the Flash Estimate compiled by the Statistical Service.

Based on seasonally and working day adjusted data, GDP growth rate in real terms is estimated at 5.6%.

The Statistical Service says that the positive GDP growth rate is mainly attributed to the following sectors: “Hotels and Restaurants”, “Transport and Storage”, “Wholesale and Retail Trade, Repair of Motor Vehicles”, “Arts, Entertainment and Recreation” and “Other Service Activities”.

Source: Cyprus News Agency

Cyprus Department of Meteorology – Forecast for the Sea Area of Cyprus (C)

Cyprus Department of Meteorology

Forecast for the Sea Area of Cyprus (C)

For The Period From 1800 17/05/2022 Until 1800 18/05/2022

Atmospheric pressure at the time of issue: 1012hPa (hectopascal)

Weak low pressure is affecting the area. The weather will be mainly fine with locally increased cloud at times. Risk of isolated shower rain. Local mist and/or local fog and low cloud are expected to affect the coastal areas, during the night and early morning hours. Thin dust in suspension.

Visibility: Good, but moderate to poor in mist

Sea surface temperature: 20°C

Warnings: NIL

AREA

PERIOD

WIND

STATE OF SEA

West Coast

Night

Northwest to North 3 to 4, gradually near the coast North to Northeast 3

Slight, gradually near the coast Smooth to Slight

Morning

Northwest 3, gradually Southwest to Northwest 3 to 4

Smooth to Slight, gradually Slight

Afternoon

Southwest to West 3 to 4, gradually West to Northwest

Slight

South Coast

Night

Southwest to West 3 to 4, soon West to Northwest 3

Slight, soon Smooth to Slight

Morning

Southeast to Southwest 3, gradually 3 to 4

Smooth to Slight

Afternoon

Southwest to West 3 to 4, at times locally 4

Smooth to Slight, at times locally Slight

East Coast

Night

West to Northwest 3

Smooth to Slight

Morning

West to Northwest 3, gradually East to Southeast 3 to 4

Smooth to Slight

Afternoon

Southeast to Southwest 3 to 4

Smooth to Slight

North Coast

Night

Southeast to Southwest 3

Smooth to Slight

Morning

Southeast to Southwest 3, gradually Southwest to Northwest 3 to 4

Smooth to Slight

Afternoon

Southwest to Northwest 3 to 4

Smooth to Slight, at times locally Slight

Source: Cyprus News Agency

Stalo Chatziyianni was sworn in on Tuesday as Supreme Court Judge, after accepting her appointment by Cyprus President Nicos Anastasiades, pledging that she will work to resolve long-term issues that delay the administration of justice.

Stalo Chatziyianni was sworn in on Tuesday as Supreme Court Judge, after accepting her appointment by Cyprus President Nicos Anastasiades, pledging that she will work to resolve long-term issues that delay the administration of justice.

In an address during a ceremony at the Presidential Palace, President Anastasiades explained that Chatziyianni was appointed in the Supreme Court, due to her expertise and 26 years of experience as an officer of justice. He also expressed his conviction that she will conscientiously and objectively perform her duties.

The President spoke of the ongoing reformation of justice in Cyprus and referred to seven legislative and other measures the government has put forward that aim to make its operation faster and more effective. He reassured of his determination to implement the justice reform plan and invited Chatziyianni to contribute to this collective task, in order to tackle the sole reason for complaints about the justice administration, which, as he said, is the delay in judgments.

The new Supreme Court Judge thanked President Anastasiades for her appointment.

She said that justice that is not timely, is not justice at all, and concluded that in spite of the weaknesses of the system, a judge should always find a way around them.

Source: Cyprus News Agency

The purchase of F-35 aircraft until 2030 was one of the topics discussed between the Greek Prime Minister and US President Joe Biden at the White House on Monday afternoon.

According to Greek government sources, the Greek side is quite satisfied with the first day of the Greek Prime Minister in Washington.

The US President stated that Greece-US relations are at their best time and Greece is a pillar of stability in the wider Mediterranean region.

Greece will proceed with the purchase of fifth-generation F-35’s after 2028. According to diplomatic sources, Greece wants to make a long-term investment.

The Cyprus problem was also discussed in the White House, where Mitsotakis asked for the involvement of the USA, while according to information, he stated that no one can accept a two-state solution, suggested by the Turkish side. He also spoke about regional issues concerning Turkey in the context of developments in the Eastern Mediterranean.

The meeting of the two leaders also raised the issue of Turkish provocation and overflights and as government sources stated, “expansion and revisionism have no place in a global landscape that has become more complex after Ukraine.”

Gas was another issue discussed by Mitsotakis and Biden, namely the idea of a ceiling, something that will be done in coordination with the United States, while in the first phase a first coordination is done at the level of the European Commission.

According to diplomatic sources, the meeting between the two men was also attended by the President’s advisor on energy issues, Trick Hawkstein, while according to information, the Greek Prime Minister will appoint Nikos Tsafos as special advisor on energy issues.

Regarding the East Med pipeline, according to the same sources, Mitsotakis expressed the desire for Greece to be a gateway for natural gas from the Eastern Mediterranean, while stressing that Greece could supply Ukraine with natural gas.

Source: Cyprus News Agency

MEPs will call for measures to be ramped up to shelter EU citizens from the economic and social effects of the Russian war against Ukraine.

Ukraine: Fight to bring war crimes perpetrators to justice

On Thursday, MEPs will debate and vote on a resolution considering ways to support Ukraine and the International Criminal Court in combatting impunity for war crimes.

Moldovan President Maia Sandu to address the European Parliament

The President of Moldova, Maia Sandu, will address MEPs on the war in Ukraine and its consequences on Wednesday at 15.00.

Ukrainian exports to be granted duty-free access to EU internal market

Parliament is set to give its green light for a one-year suspension of all EU import duties on Ukrainian exports to support the country’s economy.

Crackdown on opposition and trade union leaders in Belarus

On Wednesday, MEPs will debate the repression of the political opposition and trade union leaders in Belarus. A resolution will be put to the vote on Thursday.

Global minimum corporate tax rate: MEPs set to push for quick implementation

MEPs are expected to adopt their position on the proposal putting into law the international agreement on a 15% global minimum corporate tax rate.

Commission rule of law report: Parliament to demand significant improvements

Taking stock of the Commission’s latest assessment on rule of law in the EU, MEPs are expected to call once again for a much more ambitious approach.

Albania and North Macedonia: call to open accession talks for Europe’s security

In two resolutions, MEPs are set to warn that the enlargement process could potentially have historically important implications for security in Europe.

Other items on the agenda

Other items on the agenda

Newsletter – 18-19 May 2022 – Brussels plenary session

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Source: Cyprus News Agency