Market Newsdesk

CHENGDU, China, Nov. 17, 2020 /PRNewswire/ — Senmiao Technology Limited (“Senmiao”) (Nasdaq: AIHS), a provider of automobile transaction and related services targeting the online ride-hailing industry in China, today announced that it received a letter from the Nasdaq Stock Market LLC notifying Senmiao that it has regained compliance with the Nasdaq Capital Market’s minimum bid price and minimum market value of listed securities requirements. The letter noted that as of November 16, 2020, Senmiao evidenced a closing bid price of its common stock in excess of the $1.00 minimum requirement for the past 20 consecutive business days. Accordingly, Senmiao has regained compliance with Nasdaq Marketplace Rule 5550(a)(2) and Nasdaq considers the matter closed.

In addition, Nasdaq notified Senmiao it has determined that for a recent 20 consecutive business days, Senmiao’s market value of listed securities has been $35,000,000 or greater. Accordingly, Senmiao has regained compliance with Listing Rule 5550(b)(2), and this matter is also now closed.

About Senmiao Technology Limited

Headquartered in Chengdu, Sichuan Province, Senmiao provides automobile transaction and related services including sales of automobiles, facilitation and services for automobile purchase and financing, management, operating lease, guarantee and other automobile transaction services aimed principally at the growing ride-sharing market in Senmiao’s areas of operation in China. For more information about Senmiao, please visit: http://www.senmiaotech.com.

For more information, please contact:

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SOURCE Senmiao Technology Limited

NEW YORK, Nov. 17, 2020 /PRNewswire/ — The number of households in the U.S. subscribing to a package of live, linear networks made gains in the third quarter behind surging popularity for virtual multichannel packages. The combined tally of the broadband-delivered virtual offerings and traditional multichannel subscriptions reversed a prolonged slide with a sequential increase of 319,000 or 0.4%, according to full market estimates from Kagan, a media research group within S&P Global Market Intelligence.

Traditional cable, telco and direct broadcast satellite providers staunched defections in the third quarter, benefitting from broadband bundles and the return of sports programming. The traditional services still collectively lost more than 1.6 million subs in the three months ended Sept. 30 but slowed the sequential decline to 2.1%, according to Kagan estimates.

The virtual services jumped nearly 2 million in the quarter, a 19% increase sequentially that overcame the traditional losses for the first time since we began tracking the category quarterly at the end of 2018.

Additional takeaways from Kagan’s third quarter report:

• The single quarter of exceptional performance is insufficient evidence of an end to cord cutting for an industry combined total that is down 4.6% in the trailing 12 months or 4.3 million subscriptions.
• The combined penetration of traditional and virtual subscriptions, which accounts the total households in the U.S. taking a package of live, linear channels, posted rare gains to rebound to 67.4%.
• The percentage of households in the U.S. with a traditional multichannel subscription dropped to less than 58%.

About S&P Global Market Intelligence

At S&P Global Market Intelligence, we understand the importance of accurate, deep and insightful information. We integrate financial and industry data, research and news into tools that help track performance, generate alpha, identify investment ideas, perform valuations and assess credit risk. Investment professionals, government agencies, corporations and universities around the world use this essential intelligence to make business and financial decisions with conviction.

S&P Global Market Intelligence is a division of S&P Global (NYSE: SPGI), the world’s foremost provider of credit ratings, benchmarks and analytics in the global capital and commodity markets, offering ESG solutions, deep data and insights on critical business factors. S&P Global has been providing essential intelligence that unlocks opportunity, fosters growth and accelerates progress for more than 160 years. For more information, visit www.spglobal.com/marketintelligence.

Media Contact

Amanda Oey

S&P Global Market Intelligence
[email protected]
(212) 438-1904

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SOURCE S&P Global Market Intelligence

CHANGSHA, China, Nov. 17, 2020 /PRNewswire/ — Urban Tea Inc. (the “Company,” “we” or “Urban Tea“) (NASDAQ: MYT), a premier retailer of specialty teas and baked goods based in Hunan, China, announced today that its wholly-owned subsidiary Hunan Ming Yun Tang Brand Management Co., Ltd. (“Ming Yun Tang“) has entered into an acquisition agreement (the “Agreement”) to acquire 51% equity interests of two Chinese entities : Chuangyeying Brand Management Co., Ltd. (“CYY”) and Store Master Food Trading Co., Ltd. (“Store Master”).

CYY owns a franchise permit to operate franchise stores in China and also holds multiple registered trademarks in China. An impressive 302 tea beverages franchisees fall under its management. Store Master specializes in supply chain management, product research and development, and optimizing long-term and stable supply chains. Additionally, Store Master owns a scalable warehouse with an advanced logistics management system and supplies raw material to its managing franchisees.

Under the terms of the Agreement, Urban Tea will acquire 51% of CYY and Store Master for cash contribution of approximately RMB 3.1 million (approximately $468,000). Ming Yun Tang agreed to contribute additional cash based on CYY and Store Master’s achievement of certain revenue, net income and number of new stores in the next three years. Both companies’ executive teams have years of extensive experience in supply chain and franchise management. Their expertise will be a valuable asset to Ming Yun Tang’s domestic business. Our collaborations will play a critical role by improving the supply chain and product R&D, as well as driving rapid growth of franchisee network and sales. CYY and Store Master will receive additional rewards according to certain earn-out schedules based on their business performance and other financial indicators.

Urban Tea Chief Executive Officer Mr. Yi Long commented, “The acquisition is a major milestone for Urban Tea. We now operate franchise stores in 28 different provinces and municipalities, taking us to the next level in competition and challenges. With a rebranded business strategy, we are confident that the acquisition will help us grow our platform, enhance our supply chain, and provide truly diversified products and services to our clients. Meanwhile, we expect our footprint in the overseas market will continue to grow. With the combination of CYY’s and Store Master’s advanced supply chain technology, their team’s operational skills, and our integrated resources, we believe we will achieve long-term growth by attracting more franchisee opportunities and providing customers with the best-in-store products and services. Most importantly, this growth is expected to maximize our shareholders’ value as well.”

About Urban Tea, Inc. 

Urban Tea, Inc. is an emerging specialty tea product distributer and retailer headquartered in Changsha City, Hunan Province, China. Through its wholly owned subsidiary, Mingyuntang (Shanghai) Tea Limited which controls Hunan Ming Yun Tang Brand Management Co., Ltd. and Hunan 39 Pu Tea Co., Ltd., the Company currently market a wide range of trendy tea drinks, light meals, and pastries targeting China’s new urban generation in Hunan province. Our products are focused on not only their taste but also their aesthetic presentation and health benefits. Our products are currently being offered via our own stores. For more information, please visit: http://ir.h-n-myt.com/investor.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements other than statements of historical fact included herein are “forward-looking statements.” These forward-looking statements are often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involving known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including the risk factors discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on the SEC’s website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these risk factors. Other than as required under the applicable securities laws, the Company does not assume a duty to update these forward-looking statements.

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SOURCE Urban Tea Inc.

SAN RAFAEL, Calif., Nov. 17, 2020 /PRNewswire/ — Autodesk University – Autodesk, Inc. (NASDAQ: ADSK) today at Autodesk University Virtual announced the future availability of Autodesk Tandem. Autodesk Tandem brings project data together from its many sources, formats, and phases, to create a data-rich digital hub that tracks asset data from design through operations – a digital twin.

Autodesk Tandem connects the digital world with the real world, creating an up-to-date reflection of a model’s physical self. This provides unique operational insight into a facility, building, bridge, or any structure, as well as its components, including, for example, the performance of heating and cooling systems, escalators, and electrical systems.

From design through construction, the project delivery lifecycle of buildings, facilities, bridges, and other physical structures creates an extraordinary amount of data. The data is often disorganized and left unused after handover to owners and developers when the project is completed. And building owners want digital data at handover given nearly 80 percent of an asset’s lifetime value is realized in operations.

“If the valuable information created during the design through construction phase disappears at handover, owners will lose money,” says Nicolas Mangon, Vice President, AEC Business Strategy, Autodesk. “Autodesk Tandem is a purpose-built tool that gives owners and operators greater insight into their completed project, so that they can make informed decisions to improve performance. We look forward to enrolling our customers into this beta.”

With Autodesk Tandem, all project models are brought into a single platform, creating a digital view of projects, along with metadata for each asset. Architects, engineers and contractors can then fully support the digital handover, giving owners a digital twin of the final asset so that they can dive into all design and construction history. Leveraging nearly 25 years’ leadership in intelligent 3D design and engineering, Autodesk credits Building Informational Modeling [BIM] as one of the foundational components of Autodesk Tandem.

“We are excited about Autodesk Tandem’s potential to deliver a holistic and useable view of design and construction data as a digital twin for operations,” said Marin Pastar, Global Technology Leader for Vertical Information Modeling, Jacobs. “A single source of truth for operations will help reduce the total cost of ownership of projects, and help owners realize the value of BIM long after handover.”

In October 2020, Autodesk became a Founding Member of the Digital Twin Consortium, an organization whose members are committed to using digital twins throughout their operations and capturing best practices. Autodesk is also a member of the Open Design Alliance, a non-profit technology consortium that provides support and access to design file formats. Autodesk’s participation in both organizations is motivated by the company’s commitment to openness, working with peers to advance industry, and improving customer experience in the AEC space.

Autodesk University Reaches Customers Worldwide  
Autodesk University (AU) is a series of conferences and an online learning destination focused on inspiring, challenging and energizing Autodesk software users, partners, and industry leaders about the future of design, engineering and construction. Autodesk University 2020 is the company’s first global digital conference experience that virtually brings together more than 90k innovators from over 190 countries to explore new ways of imagining, designing and making. AU also offers free year-round access to learning content, professional development, and inspirational industry talks from the AU conference events. More information is available at the Autodesk University website, or by following @AutodeskU #AU2020. 

About Autodesk
Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything.

Autodesk is a registered trademark of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document.
 

© 2020 Autodesk, Inc. All rights reserved.

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SOURCE Autodesk, Inc.

ATLANTA, Nov. 17, 2020 /PRNewswire/ — Honeywell (NYSE: HON) today expanded its holistic Healthy Buildings Air Quality offering to help improve and measure commercial building indoor air quality with the introduction of Honeywell Electronic Air Cleaners (EACs) with UV Systems and a new line of indoor air quality (IAQ) sensors. Honeywell EACs with UV help remove impurities from the air as well as provide filtration and disinfection, without significantly impeding air flow. The new IAQ sensors include Honeywell’s Particulate Matter Sensor PM2.5, Total Volatile Organic Compound (TVOC) Sensor and All-in-One IAQ Sensor.

Air quality is essential to a healthy building. It can impact occupant health and productivity, energy efficiency and real estate value. The quality of air is affected by the presence of pollutants in the indoor environment that may cause harm. When IAQ is poor, occupants can experience a drop in productivity as well as adverse health effects such as asthma and bronchitis.¹ The concentration of some pollutants can be two to five times higher indoors than typical outdoor concentrations.²

“More people are paying attention to air quality and the importance of creating healthier environments in the spaces we use for work, school, entertainment and travel,” said Manish Sharma, vice president and chief technology officer, Honeywell Building Technologies. “Building owners are looking for ways to create safer, cleaner air to instill occupant confidence as well as attract future commercial tenants.”

Sharma continued: “We’re talking to hundreds of customers who are navigating these concerns right now and working with them to update their building systems to better protect occupants. It doesn’t always have to be a complicated process of ripping out old equipment and starting from scratch. It can be a straight-forward HVAC upgrade with modifications that address specific concerns and minimize potential side effects. Sensing technology is an important tool to identify opportunities for adjustments – only when you can measure particles can you properly control them. Adding a system like Honeywell’s can improve a building’s air quality by filtering particulates and reducing contaminants.”

Boost Indoor Air Flow and Quality with Simple, Yet Effective Air Cleaners

Honeywell EACs use an electric charge to help remove solid and liquid impurities from the air without impeding air flow. The UV System emits ultraviolet light to damage the DNA structure of certain microbes at the cellular level and inactivate various viral, bacterial and fungal organisms – thus providing filtration and disinfection in one system. 

Ideal for retrofits, property upgrades and new construction alike, Honeywell EACs with UV Systems can be installed inside a commercial HVAC system, without the need to remove old equipment and install a new system entirely. Honeywell EACs can help save energy, while providing a better heat exchange and can pay for itself with the savings.

Improve Indoor Air Quality Without Changing HVAC Infrastructure

The new Honeywell IAQ sensors help building owners better determine a building’s environmental state and air quality status and allow them to take corrective actions through the building management system (BMS) without a need to rip and replace existing sensors. It is possible to add new sensors to existing temperature, humidity and CO2 sensors currently in place within the building or deploy new All-in-one IAQ sensors to cover multiple sensing requirements in one device.

Reassure Building Occupants and Create a Safer Built Environment

Honeywell EACs with UV Systems and new IAQ sensors are the latest in a suite of offerings from the company that focus on creating healthier buildings. Honeywell recently announced upgrades to the Pro-Watch and MAXPRO Network Video Recorders and Video Management Systems solutions, which use analytics and artificial intelligence to identify if building occupants are complying with guidelines around social distancing and wearing masks.

Honeywell’s Healthy Buildings solutions help building owners improve the health of their building environments, operate more cleanly and safely, comply with social distancing policies, and help reassure occupants that it is safe to return to the workplace.

Honeywell’s Healthy Buildings solutions are part of a comprehensive effort among Honeywell’s businesses to come together to quickly develop solutions that are helping important sectors of the global economy recover. Click here for more information on the Honeywell #HealthyBuildings solutions.

About Honeywell Building Technologies
 
Honeywell Building Technologies (HBT) is a global business with more than 20,000 employees. HBT creates products, software and technologies found in more than 10 million buildings worldwide. Commercial building owners and occupants use our technologies to ensure their facilities are safe, energy efficient, sustainable and productive. For more news and information on Honeywell Building Technologies, visit http://www.honeywell.com/newsroom. 

Honeywell (www.honeywell.com) is a Fortune 100 technology company that delivers industry specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.  

______________________________
¹ European Respiratory Journal, Respiratory health and indoor air pollutants based on quantitative exposure assessments
² EPA, Report on Environment, Indoor Air Quality

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SOURCE Honeywell

SAN RAFAEL, Calif., Nov. 17, 2020 /PRNewswire/ — Autodesk University – Autodesk, Inc. (NASDAQ: ADSK) today announced a new set of products for Autodesk Construction Cloud that further connect data, workflows and teams throughout the entire building lifecycle, from design to operations. Built on a unified platform and common data environment, the new products – Autodesk Build, Autodesk Quantify and Autodesk BIM Collaborate – empower general contractors, specialty trades, designers and owners to drive better business outcomes. Construction teams will have a comprehensive construction management platform with all data in one central location to simplify collaboration, proactively anticipate project changes and provide data-driven guidance for organizational improvement.

“Almost a year ago we introduced Autodesk Construction Cloud, sharing our vision for the most powerful and complete portfolio of construction management products. The new products we announced today represent a huge milestone for connected construction, with Autodesk Build providing an entirely new approach to project management,” said Jim Lynch, vice president and general manager of Autodesk Construction Solutions. “We’re continuing to deliver on our promise of helping builders across the world catalyze their digital transformation and make construction more predictable, safe and sustainable.”

The three new product offerings announced today include:

• Autodesk Build: Unites the best of PlanGrid and BIM 360 with additional new functionality to create a comprehensive field and project management solution. Autodesk Build also includes the PlanGrid Build mobile app with additional new capabilities for field workers.
• Autodesk Quantify: Empowers estimators to automate 2D and 3D quantification from a single comprehensive platform.
• Autodesk BIM Collaborate: Enables project teams to align and execute on design intent by managing the entire design collaboration and coordination workflow from a single solution to reduce rework, improve productivity and accelerate project delivery.

As part of the unified Autodesk Construction Cloud platform, every new product is reinforced by:

• Autodesk Docs – underpins the common data environment for every unified product with centralized document management, providing users with seamless navigation and integrated workflows to create a single source of truth across the project lifecycle.
• Insights – delivers analytics from the data collected and analyzed, as well as the ability to export that data; encompasses Construction IQ artificial intelligence to identify and mitigate risk.
• Administration – provides centralized user management and permissioning, templates and other tools for project setup, as well as a single authentication method for any unified product. 

“The continuous and fluid flow of data is the backbone of our teams’ success, with our healthcare projects in particular requiring tremendous scrutiny in inspections and documentation,” said Amy Kozlowski, project manager at Herrero Builders. “Autodesk Construction Cloud delivers a unified platform where data and information are centralized. We can immediately get new design details into the hands of preconstruction and construction teams, proactively make adjustments in the field and better understand the health of our project portfolio. With Autodesk Build, we will be able to connect critical field and project management workflows, powering seamless collaboration across locations and devices. Just as importantly, the new products are intuitive and simple to use. Autodesk inherently understands the construction industry and provides technology that fuels success across the entire building lifecycle.”

“Construction is about building, not learning how to navigate complicated software,” said Sameer Merchant, head of product development, Autodesk Construction Solutions. “Technology should be easy-to-use and effortless to scale – if a construction company grows, its software should grow with it. In developing our new offerings, we incorporated the best-in-class features of existing Autodesk construction products into a common web and mobile framework and integrated them with a shared data platform. As a result, the most loved capabilities will be immediately available within Autodesk Build, Autodesk Quantify and Autodesk BIM Collaborate.”

Powerful construction management for the entire building lifecycle from a single platform
Autodesk’s new construction management products will connect construction teams, data and workflows across the headquarters, office and jobsite. Available in early 2021, initially offered products include:

Autodesk Build
Autodesk Build delivers a connected set of field execution and project management tools for builders in a single platform that is easy to deploy, adopt and use, while ensuring information sharing and workflows are performed in a tightly-controlled and highly-configurable environment.

By capitalizing on best-in-class features of BIM 360 and PlanGrid while also delivering new functionality, Autodesk Build is integrated with data from all other construction workflows so teams can handle workflows such as project management, quality, safety, cost and project closeout with a single log-in. Autodesk Build establishes a single source of truth for the entire team to minimize miscommunication and mitigate project risk, while standardized data collection for every project enables leaders to make data-driven decisions.

Autodesk Build also enables real-time collaboration between teams in the field and the office with the PlanGrid Build mobile app. With capabilities such RFI creation and issue tracking, and up-to-date drawings and markups, PlanGrid Build ensures changes are immediately available to reduce miscommunication, errors and rework.

For more details on product features and the benefits of Autodesk Build, visit our blog post here.

Autodesk Quantify
Autodesk Quantify is a comprehensive quantification solution for estimating teams that enables both 2D and 3D takeoffs in one cloud-based tool. With Autodesk Quantify, estimators can quickly and accurately quantify elements from both 2D plans and 3D models and manage these elements alongside subsequent documents in a single environment. With all data in a centralized project location, teams can increase transparency and collaboration on their estimates and reduce risk for faster and more competitive bidding.

“Traditionally our estimating process has required multiple solutions, none of which connect or integrate with each other,” said John Mack, BIM Department Manager, Dome Construction. “Autodesk Quantify will effectively supercharge the way we do our estimating and create a truly collaborative, customizable takeoff process. For example, with our takeoff data based in the cloud rather than on a desktop, we’ll be able to collaborate with different estimators on quantity takeoffs across MEP, concrete, millwork and others all at the same time. Autodesk Quantify is a precision tool that will help our preconstruction team move away from spreadsheets and zero in on perfecting our takeoff workflow.”

For more details on product features and the benefits of Autodesk Quantify, visit our blog post here.

Autodesk BIM Collaborate
Autodesk BIM Collaborate brings design collaboration, model coordination and document management to Autodesk Construction Cloud to reduce rework, improve productivity, and accelerate project delivery. Built upon the unified platform, Autodesk BIM Collaborate empowers project teams to align and execute on design intent and constructability by managing the entire design collaboration and coordination workflow within a single, cloud-based solution in a common data environment. Features such as project timeline, aggregated model viewing and change review provide design teams with deep insights into the real-time status of the design phase and help quickly contextualize changes, while model coordination capabilities like clash detection and issues management ensure the highest quality designs are delivered to the field. A BIM Collaborate Pro option will also offer users Revit Cloud Worksharing, Collaboration for Civil 3D and Collaboration for Plant 3D.

For more details on product features and the benefits of Autodesk BIM Collaborate, visit our blog post here. Also announced today are updates to Autodesk’s AEC Collection, which you can learn more about by visiting the AEC Collection blog post here.

About Autodesk
Autodesk makes software for people who make things. If you’ve ever driven a high-performance car, admired a towering skyscraper, used a smartphone, or watched a great film, chances are you’ve experienced what millions of Autodesk customers are doing with our software. Autodesk gives you the power to make anything. For more information visit autodesk.com or follow @autodesk.

Autodesk University Reaches Customers Worldwide  
Autodesk University (AU) is a series of conferences and an online learning destination focused on inspiring, challenging and energizing Autodesk software users, partners, and industry leaders about the future of design, engineering and construction. Autodesk University 2020 is the company’s first global digital conference experience that virtually brings together more than 90k innovators from over 190 countries to explore new ways of imagining, designing and making. AU also offers free year-round access to learning content, professional development, and inspirational industry talks from the AU conference events. More information is available at the Autodesk University website, or by following @AutodeskU #AU2020.  

Safe Harbor Statement

We may make statements regarding planned or future development efforts for our existing or new products and services. These statements are not intended to be a promise or guarantee of future delivery of products, services or features but merely reflect our current plans, which may change. Purchasing decisions should not be made based upon reliance on these statements. The Company assumes no obligation to update these forward-looking statements to reflect events that occur or circumstances that exist or change after the date on which they were made.

Autodesk, the Autodesk logo, Autodesk Construction Cloud, BIM 360 and PlanGrid are registered trademarks or trademarks of Autodesk, Inc., and/or its subsidiaries and/or affiliates in the USA and/or other countries. All other brand names, product names, or trademarks belong to their respective holders. Autodesk reserves the right to alter product and services offerings, and specifications and pricing at any time without notice, and is not responsible for typographical or graphical errors that may appear in this document. © 2020 Autodesk, Inc. All rights reserved.

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SOURCE Autodesk, Inc.

CAMBRIDGE, Mass., Nov. 17, 2020 /PRNewswire/ — Pegasystems Inc. (NASDAQ: PEGA), the software company empowering digital transformation at the world’s leading enterprises, today introduced Pega RPA Auto-balancing – the industry’s first Robotic Process Automation feature that automatically provisions workloads between an organization’s available bots. This new Pega Robot Manager™ capability uses artificial intelligence (AI) to intelligently optimize the capacity and efficiency of bot resources on the fly with no human intervention.

Despite its name, most Robotic Process Automation (RPA) is anything but robotic when it comes to managing bots. When demand for bot assistance inevitably surges or drops, humans behind the scenes must reallocate the available bots across the enterprise to ensure the work gets done on time. Many organizations compensate for these surges by purchasing extra bot licenses so no request goes unfulfilled – but this overprovisioning only leads to more bot management and licensing costs while also tying up more virtual machine resources.

With Pega RPA Auto-balancing, the new Pega Robot Manager capability analyzes all work requests and automatically provisions them across available bots. When new or unexpected needs arise, the feature dynamically and intelligently reallocates bots in real time to get the work done. Pega RPA Auto-balancing will also be able to prioritize more important work over less critical jobs when bot demand exceeds capacity – enabling organizations to stop wasting money on unnecessary supplemental bot licenses and management resources.  

This advancement represents Pega’s latest RPA innovation aimed at providing a fully automated robotic process infrastructure. Previous hands-free bot management features introduced this year include: 

• Pega X-ray Vision, an industry-first feature that detects and fixes broken bots with no human intervention.
• Pega Synchronization Server, which automatically ensures bots are using the most current Robot Runtime software at all times and updates it without requiring IT to manually install it.

With these combined features and Pega RPA Auto-balancing, Pega RPA fully automates the entire RPA lifecycle – from authoring to deployment to management. This enables Pega clients to experience faster, more durable, and easier to deploy bots that require significantly less time and fewer resources to run and manage.

Pega RPA, part of the Pega Infinity™ suite of digital transformation software, automates repetitive tasks performed through the user interface (UI) of enterprise applications. Pega RPA uses its Deep Robotics to automate applications at the code level, resulting in faster, more accurate, and more resilient robotic automation at scale. Together with its broader intelligent automation features and low-code capabilities, Pega offers the most complete end-to-end automation platform.

Available today, Pega RPA Auto-balancing is included in the new version of Pega Robot Manager, and the prioritization feature will be available by end of year. For more information on Pega RPA Auto-balancing visit www.pega.com/products/pega-platform/robotic-automation/auto-balancing

Quotes & Commentary:

“Too many organizations are trying to overcome RPA’s many limitations by, ironically, buying even more bots,” said Eric Musser, general manager, intelligent automation, Pegasystems. “This just results in more bot management headaches and costs them more money while never truly reaching scale. In our latest step towards hands-free RPA, Pega RPA Auto-balancing makes it simple and painless to maximize bot efficiency and reduce costs without human intervention — bringing true automation across the entire RPA lifecycle.”

Supporting Resources:

• Product background: Pega X-ray Vision
• RPA survey eBook: RPA and Digital Transformation
• 
  Analyst Report: Gartner Magic Quadrant for Robotic Process Automation Software
  

About Pega
Pega is the leader in cloud software for customer engagement and operational excellence. The world’s most recognized and successful brands rely on Pega’s AI-powered software to optimize every customer interaction on any channel while ensuring their brand promises are kept. Pega’s low-code application development platform allows enterprises to quickly build and evolve apps to meet their customer and employee needs and drive digital transformation on a global scale. For more than 35 years, Pega has enabled higher customer satisfaction, lower costs, and increased customer lifetime value. For more information on Pegasystems (NASDAQ: PEGA) visit www.pega.com.

Press Contact:

Sean Audet

Pegasystems Inc. 
[email protected]      
(617) 528-5230   
Twitter: @pega 

All trademarks are the property of their respective owners.

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SOURCE Pegasystems Inc.