Author: Sai Krishna

Capital Group secures FSRA licence in Abu Dhabi as it expands in the Middle East

ABU DHABI, UAE, Oct. 7, 2026 /PRNewswire/ — Capital Group, one of the world’s largest and most experienced active investment managers with US$3.6 trillion of assets under management, announced today that it has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates, enabling the firm to operate as a regulated investment manager. The approval authorises Capital Group to conduct trading, investment management and distribution activities within ADGM.

The regulatory milestone marks the next phase of Capital Group’s long-term commitment to the region, following its May 2026 announcement of plans to establish its first Middle East office in Abu Dhabi. The firm has since relocated associates from North America, Europe and Asia, bringing investment, operational and client-facing expertise closer to clients and opportunities in the region. Its local presence is expected to grow over time, in line with business and client needs.

Benno Klingenberg-Timm, Head of Abu Dhabi Office & Head of Institutional for Europe and Asia, Capital Group, said: “Establishing a regulated presence in Abu Dhabi brings us closer to our clients and to the investment opportunities across the Middle East, a region where we have been active for many years. From day one, we will have a meaningful presence, with on-the-ground investment, operational and client-facing capabilities. Much like the opening of our Singapore office in 1989, we’re bringing together the full breadth of Capital Group’s expertise in Abu Dhabi, reflecting our confidence in the region’s long-term growth.”

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said: “We are pleased to welcome Capital Group, a global investment manager, as it establishes a presence in Abu Dhabi. Its decision reflects the strength of Abu Dhabi’s financial ecosystem and ADGM’s growing position as a leading international financial centre for global institutions seeking long-term opportunities across the region.”

Mike Gitlin, President and CEO of Capital Group, said: “The Middle East is strategically important to Capital Group and our clients. Securing our regulatory licence in Abu Dhabi reflects our long-term commitment to the region and our conviction in its continued development as a leading international financial centre. We look forward to deepening our relationships with clients and partners.”

View original content:https://www.prnewswire.co.uk/news-releases/capital-group-secures-fsra-licence-in-abu-dhabi-as-it-expands-in-the-middle-east-302900995.html

Metanoia, Aethertek, and TechPhosis Team Up to Drive 6G FR3 Technology in India

NEW DELHI, Oct. 7, 2026 /PRNewswire/ — Aligned with the Make-in-India, Design-in-India, and Integrate-in-India initiatives, Metanoia and Aethertek announced a strategic collaboration with TechPhosis to develop and commercialize 5G FR2 and next-generation 6G FR3 solutions across India’s growing telecommunications market.

The initiative integrates the Metanoia-Aethertek Albizia FR2/FR3 radio with TechPhosis’s 5G Core (5GC) and Distributed Unit (DU) platforms, establishing resilient, open-architecture private and public cellular networks throughout the region.

“To support India’s 6G ambitions, we are proud to launch one of the first 6G radios with Metanoia and Aethertek Albizia FR2/FR3 radio platform. Metanoia’s MOSART software empowers early 6G FR3 researchers to build customized solutions,” said Ritesh Aggarwal, CEO of TechPhosis.

Advancing Open Standards: O-RAN WG7 and MOSART

A pivotal component of this initiative is Metanoia’s introduction of MOSART (Metanoia Open Source Advanced Radio Technology) software, running on O-RAN Alliance Working Group 7 (WG7) white-box radio hardware architectures. Available on GitLab, MOSART natively supports standard WG7 platforms, including 24dBm indoor, 5W outdoor, and FR2/FR3 50dBm outdoor radio units.

WG7 specifications enable open radio hardware design to lower development costs, while MOSART provides equipment builders, system integrators, and operators a solid baseline to customize without proprietary vendor lock-in.

“Coupling O-RAN WG7 hardware with our MOSART software commercializes open radio platforms. Alongside partners like SERA Network, Aethertek and TechPhosis, we are creating a practical path from 5G FR2 today to 6G FR3 tomorrow,” said Stewart Wu, CEO of Metanoia.

Partnering with Aethertek for Albizia FR2/FR3

Metanoia and Aethertek partnered to develop the Albizia FR2/FR3 radio platform, combining Metanoia’s Cobra MT2824 SoC baseband chip with Aethertek’s NOVA Antenna-in-Module (AiM).

This modular beamforming architecture streamlines the migration toward FR3 spectrum, enabling Indian operators to validate high-capacity, low-latency 5G-Advanced and pioneer early 6G deployments with proven RF efficiency.

“This collaboration strengthens our shared ability to deliver next-generation O-RUs with validated beamforming and RF performance,” said Perry Lin, Director of Business Development at Aethertek. “Working together with Metanoia and TechPhosis ensures we can accelerate customer deployments and commercialize advanced radio platforms with confidence.”

Commercial FR1 and FR2 radios Powered by Metanoia Cobra MT2824 SoC

At the foundation of these high-performance open radios is Metanoia’s Cobra MT2824 Digital Front End (DFE) SoC. Delivering power efficiency, compact dimensions, and versatility, the Cobra MT2824 powers multiple commercialized ORU products deployed across enterprise and carrier networks.

“SERA Network is proud to be first to market with Metanoia Cobra MT2824-based FR-1 ORU products,” said Jerry Chien, CEO of SERA Network. “Our 24dBm and 5W units lead in power and size, and MOSART open-source software allows our radios to serve as extensible platforms meeting unique customer requirements.”

By uniting Metanoia’s Cobra MT2824 silicon, Aethertek’s FR2/FR3 AiM modules, and TechPhosis’s DU and 5G core stacks, the partners deliver an open ecosystem ready for 5G and 6G development.

Please come to India Mobile Congress Hall 1 BP 18 to explore MOSART powered ORUs: Albizia FR2/FR3 radio, SERA 24dBm and 5W FR1 radios.

About Metanoia

Metanoia Communications Inc. specializes in Software Defined Radio (SDR) and 5G/B5G PHY semiconductor solutions for Open RAN Radio Units and Small Cells. Powered by its proprietary MOSART^® platform, its programmable baseband and RF SoCs support 4T4R FR1 and 2T2R FR2 architectures, ensuring full compliance with evolving 3GPP and O-RAN standards.

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Structurely Rebrands as 21X and Launches Sports Revenue Platform in Partnership with GameAbove Sports

Rebrand expands the company’s AI engagement portfolio and introduces a sports-focused revenue platform backed by CapStone Holdings

ASPEN, Colo., Oct. 7, 2026 /PRNewswire/ — Structurely today announced its rebrand as 21X and the launch of 21X SPORTS, a new business vertical owned by 21X and developed in partnership with GameAbove Sports. The 21X name reflects a broader product portfolio built around the same commercial purpose that has guided Structurely for more than a decade: turn more customer conversations into revenue by capturing demand, sustaining follow-up and moving more opportunities toward action.

For existing customers, services, integrations, support relationships and platform access will continue without interruption under the 21X name. The new identity is built on the same experienced team, established platform and client relationships, strengthened by new investment and an expanding product portfolio. The platform draws on experience from more than 500 million conversations, with human feedback used to refine performance.

The 21X name builds on Structurely’s proven foundation: representing the company’s next phase and its ambition to multiply the value of every customer connection. Its brand promise is “21X. Multiply the power of connection.” Under the new name, the company will expand that foundation with additional products, interfaces and AI tools designed to support both revenue growth and operating efficiency. The platform helps businesses engage customers faster and more relevantly while reducing the cost of routine conversations. AI manages initial interactions, answers questions and identifies intent, then routes the right opportunities to people when human judgment, expertise or relationships matter most. 

“Structurely was built to help businesses create more revenue from the demand and customer relationships they already have. That focus does not change with 21X,” said Corey Welch, CEO of 21X. “What changes is the scale of what we can offer: more products, more ways to engage and more tools that help customers grow top-line revenue, improve the customer experience and operate more efficiently.”

CapStone Holdings Backs the Next Phase of Growth

CapStone Holdings remains the parent company of both 21X, formerly Structurely, and GameAbove, and is backing this next phase with new funding and resources. The commitment supports an expanded product portfolio, the launch of 21X SPORTS and the company’s continued focus on long-term growth and operational excellence.

21X SPORTS Brings the Revenue Platform to Sports

21X SPORTS will help collegiate athletic departments, professional and minor league teams, leagues, and sports product and apparel companies pursue incremental revenue from existing fan and customer databases. Potential applications include ticket sales and renewals, lapsed-buyer reengagement, merchandise offers and other revenue campaigns. Across voice, SMS and email, AI can initiate engagement, answer questions, identify interest, present relevant opportunities and connect qualified fans or customers with team personnel when appropriate. For enterprise organizations already managing multiple systems, 21X SPORTS is designed to consolidate AI-powered engagement, voice, SMS, email and workflow orchestration into one platform, reducing reliance on disconnected point solutions.

The result is a more responsive fan experience, better insight for sales and marketing teams, and more opportunities to generate ticketing, merchandise and other commercial revenue. By automating routine engagement and qualification, 21X SPORTS is designed to help organizations serve larger audiences without increasing staffing at the same rate.

GameAbove Sports will contribute sports-market relationships, business development experience and sales perspective, helping 21X SPORTS reach organizations seeking to improve ticketing, merchandise and other commercial revenue.

“Sports organizations have invested heavily in building fan and customer relationships, but many lack the capacity to engage those audiences consistently and at scale,” said Keith J. Stone, founder and chairman of GameAbove. “21X SPORTS gives teams, leagues and sports businesses a practical way to turn more of that existing demand into commercial opportunity while creating a more responsive fan experience.”

Experience a 21X live demo: call (330) 222-6156 and hear the difference.

To learn more about how 21X helps organizations create more revenue from the customers they already have, visit 21Xai.com.

About 21X

21X, formerly known as Structurely, is an AI engagement infrastructure company that helps businesses grow revenue, improve customer experiences and operate more efficiently. Built on more than a decade of experience in real customer conversations, 21X uses AI across voice, SMS and email to respond, understand intent, guide customers toward the right next action and route appropriate opportunities to live personnel. The company serves organizations in real estate, mortgage lending, life insurance, aviation and sports. Learn more at 21Xai.com.

About GameAbove Sports

GameAbove Sports is focused on global sports business development and strategic investments. It works across teams, franchises, leagues, events, sports-related companies and community initiatives to advance growth and opportunity in sports. Learn more at gameabovesports.com.

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IBM Teams Up with SAP to Help Businesses Modernize Operations and Advance AI-Readiness

• Volumetric Building Companies cuts operational cycle times by 50% with SAP Cloud ERP
• Second Nature Brands extends and strengthens their common enterprise platform following its Voortman acquisition
• Modernized ERP foundation positions clients to scale operations and support AI-readiness

ARMONK, N.Y., Oct. 7, 2026 /PRNewswire/ — IBM (NYSE: IBM) today announced IBM Ready for SAP Solutions to help midsize and fast-growing organizations accelerate cloud ERP modernization, unify enterprise data, and establish an AI-ready digital core. Volumetric Building Companies and Second Nature Brands are among the clients using the solution to support growth and future AI initiatives.

Volumetric Building Companies (VBC), a global modular construction company, reduced operational cycle times by 50% across purchasing, manufacturing, and inventory processes following a three-month SAP Cloud ERP transformation with IBM. Second Nature Brands, a portfolio company and creator of premium snacks and treats, recently completed an SAP Cloud ERP transformation with IBM that integrated its acquired Voortman Bakery business and established a common enterprise platform for its operations.

The two transformations demonstrate how IBM Ready for SAP Solutions can support different business needs, from improving operational efficiency to integrating acquired businesses onto a common enterprise platform. 

“As our business continues to grow, we needed technology that could scale with us and give our teams a more connected way of operating,” said Chris Macies, COO, Volumetric Building Companies. “By modernizing our ERP environment with IBM, we now have unified visibility across our supply chain and operations, helping our teams move faster and make more informed decisions with greater visibility throughout the manufacturing process. Just as importantly, we’ve established a scalable digital foundation that positions VBC to support future automation and AI initiatives as we continue to grow.”

“Successfully integrating an acquisition is about more than combining operations. It’s about quickly implementing and expanding a unified foundation built for future growth,” said Jeff O’Gradney, VP IT, Second Nature Brands. “Working with IBM, we successfully integrated the Voortman Bakery business and expanded our common enterprise platform that positions Second Nature Brands to scale more efficiently as one organization.”

Bringing together IBM’s industry expertise, fit-to-standard delivery, and IBM Consulting Advantage, the company’s AI-powered consulting delivery platform, IBM Ready for SAP Solutions is designed to help organizations accelerate transformation at scale.

“Businesses are under increasing pressure to operate with greater speed, efficiency and predictability, and many are implementing AI to improve,” said Dr. Tom Janoshalmi, Global Managing Partner, IBM Consulting. “But scaling AI requires a connected and modern enterprise foundation. VBC and Second Nature Brands started from different places, and now both run on a modern SAP platform built for what comes next.”

Volumetric Building Companies and Second Nature Brands’ transformations reflect a broader shift as companies focus on modernizing ERP systems to improve operational efficiency and prepare for AI. According to research from the IBM Institute for Business Value, 68% of enterprises say accelerating ERP modernization is important to improving operational efficiency and maintaining competitiveness.

“Businesses can unlock the greatest enterprise-wide value from AI when they connect intelligent technologies with rich data semantics, end-to-end business processes, industry expertise, and strong governance,” said Santina Franchi, SAP Corporate Segment and GROW. “VBC and Second Nature Brands recognize this opportunity and are building a modern digital core with SAP and IBM Ready for SAP Solutions as the foundation for scaling their AI ambitions with confidence, speed, and reliability. Through this partnership, we are extending our GROW Fast methodology to help customers accelerate their journey to SAP Cloud ERP, enabling go-lives in weeks and creating a strong platform to expand across the SAP Autonomous Enterprise.”

IBM Ready for SAP Solutions is currently available in limited countries and for specific industries. IBM plans to continue expanding availability of the solution globally across additional industries and markets. To learn more, visit ibm.com/consulting/sap-ibm-ready.

About IBM

IBM is a leading provider of global hybrid cloud and AI, and consulting expertise. We help clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Thousands of governments and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and consulting deliver open and flexible options to our clients. All of this is backed by IBM’s long-standing commitment to trust, transparency, responsibility, inclusivity and service.

Visit www.ibm.com for more information.

Media contact:

Kristen Shah

IBM

KRISTEN.SHAH@ibm.com 

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Capital Group secures FSRA licence in Abu Dhabi as it expands in the Middle East

ABU DHABI, UAE, Oct. 7, 2026 /PRNewswire/ — Capital Group, one of the world’s largest and most experienced active investment managers with US$3.6 trillion of assets under management, announced today that it has secured a Financial Services Permission from the Financial Services Regulatory Authority (FSRA) of ADGM, the international financial centre of Abu Dhabi, the Capital of the United Arab Emirates, enabling the firm to operate as a regulated investment manager. The approval authorises Capital Group to conduct trading, investment management and distribution activities within ADGM.

The regulatory milestone marks the next phase of Capital Group’s long-term commitment to the region, following its May 2026 announcement of plans to establish its first Middle East office in Abu Dhabi. The firm has since relocated associates from North America, Europe and Asia, bringing investment, operational and client-facing expertise closer to clients and opportunities in the region. Its local presence is expected to grow over time, in line with business and client needs.

Benno Klingenberg-Timm, Head of Abu Dhabi Office & Head of Institutional for Europe and Asia, Capital Group, said: “Establishing a regulated presence in Abu Dhabi brings us closer to our clients and to the investment opportunities across the Middle East, a region where we have been active for many years. From day one, we will have a meaningful presence, with on-the-ground investment, operational and client-facing capabilities. Much like the opening of our Singapore office in 1989, we’re bringing together the full breadth of Capital Group’s expertise in Abu Dhabi, reflecting our confidence in the region’s long-term growth.”

H.E. Ahmed Jasim Al Zaabi, Chairman of ADGM, said: “We are pleased to welcome Capital Group, a global investment manager, as it establishes a presence in Abu Dhabi. Its decision reflects the strength of Abu Dhabi’s financial ecosystem and ADGM’s growing position as a leading international financial centre for global institutions seeking long-term opportunities across the region.”

Mike Gitlin, President and CEO of Capital Group, said: “The Middle East is strategically important to Capital Group and our clients. Securing our regulatory licence in Abu Dhabi reflects our long-term commitment to the region and our conviction in its continued development as a leading international financial centre. We look forward to deepening our relationships with clients and partners.”

View original content:https://www.prnewswire.co.uk/news-releases/capital-group-secures-fsra-licence-in-abu-dhabi-as-it-expands-in-the-middle-east-302900995.html

United Nations Spotlight Initiative launches Sync or Storm, a new interactive game to help prevent violence against women and girls before it starts

Built on Equimundo: Center for Masculinity & Social Justice’s research into boyhood and masculinity, the game aims to raise awareness among young people about the attitudes and behaviours that contribute towards violence against women and girls.

NEW YORK, Oct. 7, 2026 /PRNewswire/ — The United Nations Spotlight Initiative has introduced Sync or Storm, an immersive adventure game for young people, as part of the #WithHer digital advocacy campaign to build awareness, encourage positive intervention, and advance efforts to end violence against women and girls.

With nearly one in three women experiencing violence during their lifetime, the need for prevention is critical. As digital spaces become an increasingly important part of young people’s lives, Sync or Storm reaches kids where they already spend their time, using interactive gameplay to encourage positive behaviours and collaborative problem-solving.

“Gaming has become an important space where young people connect, interact and shape how they see the world,” said Koye Adeboye, Head of Communications for the United Nations Spotlight Initiative. “Through this campaign, we aim to reach some of the estimated 43 million Roblox users under the age of 13 who play every day. If we are serious about preventing violence before it starts, we need to engage young people in the spaces where they spend their time.”

Developed by Bad Ape in collaboration with Equimundo and Spotlight Initiative, the interactive game encourages young players to reflect on how their actions affect others.

The game’s foundation is informed by Equimundo’s Man Box research in the US, UK and Mexico, which found that those with the most rigid views of manhood were up to five times more likely to bully or sexually harass others, and were also more likely to report depression and suicidal thoughts (Hill et al., 2020). The Global Early Adolescent Study also surveyed 10–14-year-olds globally and showed that gender norms are already entrenched by early adolescence.

Caroline Hayes, Senior Technical Specialist, Digital Strategies at Equimundo, said: “Boys don’t form harmful ideas about manhood in isolation; they absorb them from the culture around them, including the games they play. Sync or Storm shows boys at a formative age that respect and cooperation are expressions of strength. That’s exactly the kind of prevention work we need more of.”

Sync or Storm is now available on Roblox.

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ChainIT® Brings “Your Face Is Your Password” to Web3 with Organizational MPC Wallets

Production wallets combine passwordless ChainIT ID with transaction-specific authority checks, advancing Agentic Web3 Complete Commerce during TOKEN2049 Week.

SINGAPORE, Oct. 7, 2026 /PRNewswire/ — ChainIT Inc. today announced production availability of its organizational Multi-Party Computation (MPC) wallets, connecting passwordless ChainIT ID with transaction-specific authority checks before signing. This release requires a verified, authorized organizational member to approve each transaction signed through the wallet. The capability is included at no additional cost in each ChainIT organizational digital identity profile.

The announcement follows ChainIT’s October 6 presentation of its Agentic Web3 Complete Commerce architecture during TOKEN2049 Week. The wallet launch focuses on the people and organizations behind those transactions: confirming who they are, confirming they are currently authorized to act, and requiring their approval before any funds move.

“A password is not a verified identity, and logging in is not authority to move company assets,” said Jeremy Blackburn, Founder and Chief Executive Officer of ChainIT. “ChainIT connects who you are, what you are authorized to do and the transaction you approve. Your face is your password. Your authority is verified before the wallet signs. That is a Web3 solution for Web3 companies.”

No memorized password. No blanket permission.

Passwords and passphrases can be copied, shared, phished or forgotten. ChainIT ID removes the need for a memorized account password or passphrase, combining biometric liveness, device verification and cryptographic proof of identity. One-time verification challenges remain part of applicable security workflows.

In the organizational wallet flow, the member completes biometric liveness and wallet authentication, then signs an operation-specific approval using their own wallet identity. The live-person check occurs outside the signing enclaves. The Primary enclave—the isolated environment that verifies authorization before signing—then confirms that the wallet-signed approval came from a registered member of the organization and matches the requested action.

Authority before every transaction – not just at onboarding

Before any transaction is signed through the organization’s wallet, the Primary enclave runs a series of checks. It confirms that the wallet approval is valid, that the person is still an active member of the organization, and that the approval matches the exact action and transaction being requested. Each approval also expires after a short time and can be used only once. Logging in or approving one transaction does not give anyone permission to carry out a different one.

ChainIT’s organizational governance model connects officer registration, assigned roles and authority, and attested wallet policy. Invitations, member additions and member removals require their own verified authorization. The objective is to connect not only who may transact, but also who may change the permissions governing future transactions.

Distributed signing without assembling the private key

The organizational wallet uses two-party Multi-Party Computation (MPC) signing. Its signing key is represented by two separate cryptographic shares, each protected inside an isolated AWS Nitro Enclave. Both enclaves must participate to produce a standard Ethereum-compatible signature without reconstructing the complete private key. Persisted MPC key material is encrypted.

A member’s personal authorization key is separate from those organizational signing shares. The member approves the specific action; the Primary enclave verifies the authorization before initiating the joint signing process. The organizational shares remain within the enclave infrastructure, not on members’ devices. Neither MPC party can produce the organizational signature alone.

A Web3 solution for Web3 companies

ChainIT ID can be used wherever ChainIT-enabled applications support it, rather than requiring a new password for each participating service. Each integration retains its applicable verification, authorization and product requirements. ChainIT invites wallet providers, exchanges, marketplaces, payment platforms and enterprise Web3 teams to explore integrations for verified access and governed organizational transactions.

“Web3 companies need more than just another way to sign a transaction,” said Eric Tacl, PhD, Executive Vice President, Verified Payments and Commerce, at ChainIT. “They need to connect the verified person, the organization, the appropriate level of authority and the action. Passwordless access simplifies the experience. Verifying authority for each specific transaction gives businesses control over what happens next.”

The production wallet adds a human-authorized execution component to ChainIT’s broader Complete Commerce architecture, which places authority and transaction-specific compliance before execution and preserves transaction evidence. This release covers transactions approved by people. Full integration with partners’ systems and transactions carried out by AI agents within set limits are being developed and tested separately.

Availability and TOKEN2049 meetings

The organizational MPC wallet is available in production as of October 6, 2026 and is included in new ChainIT organizational digital identity profiles at no additional cost. Existing organizational wallets are being migrated from the prior model. Supported functionality and integrations vary by deployment.

Dr. Eric Tacl is representing ChainIT at TOKEN2049 in Singapore and is available for media, product and integration discussions. Meeting requests and further information are available through ChainIT’s TOKEN2049 Singapore page.

About ChainIT®

ChainIT is native Web3 infrastructure for verified identity, provable authority, compliance and Complete Commerce. Its Web3 architecture is supported by a portfolio of 15 issued patents. ChainIT connects passwordless identity, organizational governance, digital agreements, payments and verifiable transaction evidence, bringing authority and accountability to commerce involving people, organizations and AI agents.

ChainIT technology already supports treasury operations at major U.S. banks, connecting its Web3 foundation to established financial infrastructure. Through ChainIT ID, organizational MPC wallets, Pactvera and ChainIT Pay, the platform connects who is acting, what they are authorized to do and the transaction they approve across ChainIT-enabled environments.

ChainIT® — The Authority on Authority™ for Agentic Commerce.

https://chainit.com/singapore-token2049/

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izmo Microsystems and IIT Madras Enter Phase II of ₹99.94 Crore MeitY-Sanctioned Silicon Photonics Program

Five-year CPPICS SPECTRA program targets 1.6 Tbps optical transceivers, co-packaged optics, quantum communications and photonic AI

BENGALURU, India, Oct. 7, 2026 /PRNewswire/ — izmo Limited (NSE: IZMO) (BSE: 532341) today announced that its semiconductor subsidiary, izmo Microsystems Pvt. Ltd., has entered into a Memorandum of Understanding with the Indian Institute of Technology Madras (IIT Madras) for Phase II of the Centre for Programmable Photonic Integrated Circuits and Systems (CPPICS).

The Phase II program, titled Silicon Photonics Enabled Cutting-edge Technology Research and Applications (SPECTRA), has been sanctioned by the Ministry of Electronics and Information Technology (MeitY), Government of India, with a total project outlay of ₹99.94 crore. The five-year program includes a MeitY contribution of ₹97.54 crore and a ₹2.40 crore cash and in-kind commitment from izmo Microsystems.

CPPICS Phase II is designed to advance silicon photonics technologies from research towards commercially deployable products, covering photonic integrated circuit design, fabrication, characterization, advanced packaging, testing and system integration.

Silicon Photonics for the AI infrastructure era

The program comes at a time when optical connectivity is becoming critical infrastructure for AI and high-performance computing.

As GPU and accelerator clusters scale, data-center networks require substantially higher bandwidth while controlling power consumption, latency and interconnect density. This is driving the transition towards 800G and 1.6T optical interconnects, silicon photonics and, increasingly, co-packaged optics (CPO).

According to LightCounting, global sales of optical transceivers and related products reached $26.8 billion in 2025, up 74% year-on-year. The research firm estimates the optical transceiver market at approximately $40 billion in 2026, with silicon-photonics-based transceivers expected to represent more than half of the market for the first time.

LightCounting further estimates that the market for optical chips used across transceivers, active optical cables and near- and co-packaged optics could grow from approximately $4 billion in 2025 to $15 billion by 2031.

The transition is already moving into commercial infrastructure, with major networking and semiconductor companies introducing silicon-photonics-based co-packaged-optics platforms for large AI clusters.

Targeting 1.6 Tbps optical engines and co-packaged optics

CPPICS Phase II targets commercially viable photonic technologies across four major application areas: high-speed optical transceivers for data centers, microwave photonics for advanced wireless communications, quantum photonics, and photonic computing for AI.

Among the planned developments is a 1.6 Tbps silicon photonics transceiver engine operating at 1550 nm for high-performance computing and data-center routing. The project also targets microwave photonic engines operating beyond 50 GHz, integrated QRNG/QKD systems and photonic processors for AI workloads.

The program also proposes development of a silicon photonics Process Design Kit incorporating more than 100 IP blocks for 200 mm wafer platforms, supporting the design and manufacture of increasingly complex photonic integrated circuits.

izmo Microsystems to drive packaging and industrialization

A key challenge in silicon photonics is converting a fabricated photonic chip into a reliable and manufacturable optical system.

CPPICS Phase II specifically envisages development of a volume photonics packaging ecosystem in collaboration with izmo Microsystems, addressing precision assembly, photonic packaging, testing and reliability required for commercial deployment.

Under the program, izmo Microsystems’ role progresses from packaging architecture and CPO interface definition to PIC-EIC co-integration, fiber alignment and attachment, production-grade packaging, process optimization, prototype assembly and reliability validation.

The five-year roadmap ultimately targets a certified co-packaged optics design rule and service capability, creating a pathway from silicon photonics research and foundry fabrication through packaging, qualification and system-level deployment.

Dinanath Soni, Director, izmo Microsystems Pvt. Ltd., said:

“Silicon photonics is becoming a critical technology for the next generation of AI and data-center infrastructure as network speeds move from 400G and 800G towards 1.6T and beyond.

The challenge is no longer only designing the photonic chip. Converting that chip into a reliable product requires precision packaging, fiber attachment, electronic-photonic integration, thermal management and high-speed testing.

CPPICS Phase II brings together IIT Madras’ silicon photonics research capabilities with izmo Microsystems’ advanced packaging and manufacturing expertise. Our role is to help move these technologies from research prototypes towards production-ready modules and co-packaged optical systems.”

Building on CPPICS Phase I

CPPICS Phase II builds on the first phase of the program, which achieved more than 95% of its planned milestones and generated research, IP and prototypes across programmable photonics, microwave photonics and quantum technologies.

Phase II expands the program toward technology translation, industrialization and commercialization, with applications spanning data centers, telecommunications, defence, quantum technologies and advanced computing.

Through the collaboration, izmo Microsystems intends to strengthen its advanced photonic packaging capabilities and participate in the emerging global market for silicon photonics, high-speed optical interconnects and co-packaged optics for AI and high-performance computing infrastructure.

About izmo Microsystems Pvt. Ltd.

izmo Microsystems Pvt. Ltd., a subsidiary of izmo Limited, is an advanced semiconductor packaging and manufacturing company based in Bengaluru, India. The company provides semiconductor package design, development, prototyping, qualification and manufacturing capabilities across advanced IC packaging, System-in-Package, RF and microwave packaging, and silicon photonics and optical packaging.

For more information, visit www.izmomicro.com / www.izmoltd.com or contact:

Investor Contact

izmo Limited

No. 177/2C, Bilekahalli Industrial Area, Bannerghatta Road, Bangalore 560076

CIN: L72200KA1995PLC018734

Email ID: investors@izmoltd.com 

Caution Concerning Forward- Looking Statements: Certain statements in this document may be forward-looking statements. Such forward-looking statements are subject to certain risks and uncertainties like regulatory changes, local political or economic developments, and many other factors that could cause our actual results to differ materially from those contemplated by the relevant forward-looking statements. Further, past performance is not necessarily indicative of future results. Given these risks, uncertainties and other risk factors, viewers are cautioned not to place undue reliance on these forward-looking statements. The Company will not be in any way responsible for any action taken based on such statements and undertakes no obligation to publicly update these forward-looking statements to reflect subsequent events or circumstances. 

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All 365 SPJIMR PGDM Class of 2028 participants placed; median stipend up 17% to ₹2 lakhs a month

91 companies take part, including 37 first-time recruiters

Key pointers:

• 365 participants placed, representing 100% of the Class of 2028
• ₹2 lakhs per month median stipend, up 17% year-on-year
• ₹3 lakhs per month highest stipend, up 20%
• 91 companies participated, including 37 first-time recruiters
• Average stipend rose 12% to ₹1.86 lakhs per month

MUMBAI, India, Oct. 7, 2026 /PRNewswire/ — All 365 participants of the Class of 2028 at Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) have secured summer internships, with the median stipend rising 17% to ₹2 lakhs per month. Stipends rose at every level of the batch, the highest offer reached ₹3 lakhs per month, and 37 of the 91 participating companies recruited from SPJIMR for the first time. 

The Summer Internship Cycle covered the Post Graduate Diploma in Management (PGDM) and Post Graduate Diploma in Management Business Management (PGDM (BM)), SPJIMR’s flagship two-year programmes.

Prof. Varun Nagaraj, Dean, SPJIMR, said: “An internship is a student’s first real conversation with the world of work. What gratifies us this year is its breadth: every student placed, across consumer businesses, consulting, finance, technology and healthcare. Our purpose is to shape leaders who are willing to roll up their sleeves, work through ambiguity and create value for the right reasons. This cycle suggests that industry sees those qualities in our students.”

Key figures at a glance

More than half the batch secured ₹2 lakhs per month, while the top 20% of students received an average of ₹2.44 lakhs per month, and the top 50% received an average of ₹2.18 lakhs per month. The gains were not confined to the top of the cohort: the average rose 12% and the median 17%, which indicates broad-based demand rather than a few outlier offers.

Prof. Renuka Kamath, Associate Dean, Full-time Programmes, said: “True institutional excellence is measured not just by milestones, but by the meaningful trajectory of our participants’ careers. As our students begin this journey, they carry with them the SPJIMR ethos: to drive performance with integrity and build businesses that create value for society.”

New recruiters join the campus

Thirty-seven companies recruited from SPJIMR for the first time, including Amgen, Bajaj Auto, Britannia, Citi, D.E. Shaw & Co, Danone, DBS, Flipkart, Galderma, IBM, IDFC FIRST Bank, Kenvue, Kotak, NeoLiv, o3 Capital, SKF, Warner Bros., and Axis Bank.

FMCG and Consumer accounted for 33.1% of placements, followed by Consulting (23.5%) and BFSI (20.2%). General Management and Conglomerate roles made up 7.6%, and Technology, E-Commerce and Product roles 5%. The remaining 10.6% came from Automotive, Pharmaceuticals, Media, Energy, Real Estate, Engineering, Healthcare, and Biotech.

Prof. Ashita Aggarwal, Chairperson, PGDM and PGDM (BM), added: “Repeat recruiters show loyalty. First-time recruiters show conviction. Thirty-seven companies came to us for the first time this year, and they came for what our students bring: rigour, resilience, and a sense of responsibility.”

SPJIMR does not measure its success by the size of an offer. It measures it by the careers that follow, by how its graduates lead, build and serve. A first internship is where the journey begins, and a cohort placed in full, across sectors and with 37 first-time recruiters, begins it from a position of strength. The Financial Times Masters in Management ranking SPJIMR #2 globally for Careers Service reflects the same belief: that an institution’s real impact is seen in what its alumni go on to achieve.

The Class of 2028 now steps into the world of work with that foundation behind it, and with every opportunity to lead with purpose, build with wisdom, and create lasting value for business and society.

About SPJIMR

Bharatiya Vidya Bhavan’s S.P. Jain Institute of Management & Research (SPJIMR) is one of India’s leading postgraduate management institutes. It is recognised in the Financial Times Masters in Management 2026 ranking as the #26 business school globally and #2 in India and in the Financial Times Global MBA 2026 ranking as the #74 business school globally for its PGPM programme. SPJIMR is also consistently ranked among India’s top business schools by leading publications, including Business Today, Fortune India, India Today, and MBAUniverse. It has also been recognised by the Positive Impact Rating as one of the world’s top five business schools for societal impact. Known for its innovative and socially conscious approach to management education, research, and community engagement, SPJIMR seeks to influence managerial practice and enable value-based growth for students, alumni, organisations, and society. The institute holds the international Triple Crown of accreditations from EQUIS, AACSB, and AMBA, placing it among a select group of business schools worldwide to hold all three accreditations.

Visit SPJIMR.org for more information. 

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Kaizen Analytix Becomes Kaizen Global to Reflect Expanding Global Footprint and Services Capabilities

New Name and Refreshed Brand Identity Reflect the Company’s Evolution Across AI, Data, Technology and Global Delivery

ATLANTA, Oct. 7, 2026 /PRNewswire/ — Kaizen Analytix LLC, a global provider of AI, data analytics and technology services and solutions, today announced that it is changing its name to Kaizen Global LLC. The new name reflects the company’s continued expansion across geographies, capabilities and industries, including the recent acquisition of Nihon Technology, growth of its global delivery model and expanded portfolio of AI and technology services.

The name change is the next stage in Kaizen’s evolution as the company expands beyond its origins in data analytics to help enterprises address increasingly complex business and technology challenges through AI, data, digital transformation, enterprise technology and global delivery capabilities.

“Kaizen has grown significantly in both the breadth of what we do and where we operate,” said Krishna Arangode, founder and CEO of Kaizen Global. “We are a global company today, with growing capabilities across AI, technology, data and enterprise transformation. Our new name reflects Kaizen’s global footprint and dedication to continuously improve client operations and deliver lasting business value.”

Kaizen Global’s executive team consists of CEO Arangode and Managing Partners and Co-Founders Anand Srinivasan, Jeff Anderson, and Ken Bara. As part of the company’s global expansion, Muthu Muthuvelan will serve as CEO of Kaizen Global Japan, and Sivaramakrishnan Senthatty (Siva Sen) will serve as CEO of Kaizen Global India. 

Expanding Capabilities for a Changing Technology Landscape

The evolution to Kaizen Global follows significant growth in the company’s geographic reach and services offerings, including:

• The acquisition of Nihon Technology strengthened Kaizen’s capabilities in SAP implementation, digital transformation and cybersecurity services while expanding its Japan-India delivery model.
• AI services expansion to help organizations move beyond experimentation toward practical AI solutions that address specific business challenges and deliver measurable results. Kaizen Global’s AI portfolio now includes  AI strategy and implementation, AI-enabled services, purpose-built AI agents and agent management, and AI training and change management.
• The launch of Kaizen Kvantum, a marketing analytics and customer insights practice that serves global brands through Kaizen’s India-based delivery teams.
• Kaizen Circularity AI partnering with Kaizen Global to establish a Global Capability Center (GCC) in Chennai, India, which supports product innovation, data science and customer delivery operations worldwide.
• In support of its growing cybersecurity services, launch of a unified identity security solution designed to address identity-based threats by integrating SSO, MFA, PIM, PAM, IAM, Zero Trust and passwordless authentication.

Together, these developments have expanded Kaizen’s ability to combine business acumen, technology know-how and global delivery resources to support increasingly complex transformation initiatives.

A New Identity for the Next Stage of Growth

The Kaizen Global launch includes a refreshed brand identity and redesigned website that bring the company’s expanding capabilities together under a unified brand.

The new identity is anchored by the tagline “Rapid Delivery, Continuous Improvement” which reflects Kaizen’s longstanding commitment to continuous improvement while emphasizing the measurable business outcomes the company delivers rapidly through AI, technology, data analytics and transformation.

“Continuous improvement has always been at the heart of our business,” said Arangode. “What has changed is the scale and breadth of what we can bring to our clients. Kaizen Global represents that evolution. We are bringing together AI, data, technology, subject-matter expertise and global delivery to help organizations solve complex problems and transform how they operate.”

For more information about Kaizen and its AI and analytics capabilities, visit Kaizen Global.

About Kaizen Global

Kaizen Global is a leading global provider of AI, data analytics and technology services for enterprise transformation and business-value generation. Combining business acumen with technical know-how, Kaizen delivers measurable, sustainable business outcomes through AI-enabled services, development of intelligent systems, and deployment of advanced analytics—all via a continuous-improvement delivery model with a human-in-the-loop. Recognized for speed and flexibility by Gartner, NPR, Forbes, Entrepreneur, and Inc. 5000 as one of America’s fastest-growing private companies, Kaizen is a certified minority-owned business headquartered in Atlanta with offices in New York, Dallas, Tokyo, Osaka and Chennai. Follow Kaizen on LinkedIn, Facebook, and Twitter @KaizenGlobal.

Media Contact:

Paulette Brown

Carabiner Communications

pbrown@carabinercomms.com

770.577.3881

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