Latest news with #ElectronicDataInterchange
Yahoo
07-05-2025
- Business
- Yahoo
Co-op diverts supplies to rural areas as cyber attack triggers shortages
The Co-op is diverting food and drink supplies to remote countryside shops as it battles to avoid shortages in isolated communities following a cyber attack. The retailer, which runs around 2,500 stores across the UK, is understood to be prioritising the supply of essential items to shops on islands and in isolated towns. It follows reports that some of its stores across the Scottish isles have been running increasingly low on food supplies in the wake of the cyber attack, which has forced it to switch off crucial systems and left the business struggling to manage deliveries from its suppliers. Food and drink companies that sell goods to the Co-op said they had been told to cancel deliveries to warehouses in recent days because of problems with its Electronic Data Interchange (EDI) system, which is used to maintain and manage stock levels. The issue has led to empty shelves and shortages of goods in some stores, including loo roll, milk and some vegetables. Co-op has been left with empty shelves and shortages of goods in some stores The decision to prioritise stock in more remote stores raises the likelihood of empty shelves in urban centres, it is understood. Co-op is prioritising rural and island outposts because there are some areas where it is the only shop in town, meaning communities could be cut off from essentials or forced to travel long distances to buy supplies. The Co-op declined to comment. The funerals-to-supermarket group has been hit by a devastating cyber attack that has seen data on members stolen and left it unable to use key systems. The Co-op was forced to admit last Friday that the cyber attack was much more serious than it had initially claimed, confessing that customers' data had been stolen, including names and addresses. Some of its shops were also forced to limit payments to cash only earlier this week, though issues with card payments were fixed by Wednesday. Shirine Khoury-Haq, Co-op's chief executive, told members in a letter on Monday: 'This is obviously extremely distressing for our colleagues and members, and I am very sorry this happened.' Marks & Spencer and Harrods have been similarly targeted in a string of cyber attacks aimed at British retail companies over recent weeks. The attacks have been linked to groups of teenage hackers and a collective called DragonForce, which has claimed responsibility. DragonForce told the BBC it had stolen data on 20m Co-op customers, though the retailer has not confirmed the number. The Co-op has drafted in government cyber security experts to help as it battles the attack. Staff have also been told they must keep their cameras on in virtual meetings amid fears that hackers could be using internal communication systems to pose as staff. A leading cyber security expert warned over the weekend that the attack on Co-op and the theft of its data could leave millions of members at risk of scams and identity fraud for years. Alan Woodward, of the Surrey Centre for Cyber Security at the University of Surrey, said stolen details could end up being sold on the dark web to scammers. Broaden your horizons with award-winning British journalism. Try The Telegraph free for 1 month with unlimited access to our award-winning website, exclusive app, money-saving offers and more.
Techday NZ
07-05-2025
- Business
- Techday NZ
Jitterbit unveils Harmony upgrade with layered accountable AI agents
Jitterbit has announced the expansion of its Harmony platform with accountable, layered AI technology and the addition of enterprise-ready AI agents to its product portfolio. The company's approach centres on providing not merely AI assistants to assist users, but AI agents capable of autonomously performing complex tasks on behalf of enterprises. A layered AI architecture underpins Harmony, which allows customers to engage with "agentic AI" in three distinct ways: creating their own agents using low-code or natural language, accessing pre-built agents from a curated marketplace, or working with Jitterbit's Professional Services team to develop custom agents according to their requirements. Jitterbit President and Chief Executive Officer Bill Conner said, "We're not just automating; we're transforming how enterprises operate. Jitterbit is delivering the first layered AI and low-code architecture to democratise end-to-end automation with a focus on power, efficiency, and AI accountability. This isn't just about automating tasks; it's about architecting intelligent, autonomous agents with a unified platform that eliminates the 'data divide' between enterprise data and applications." The Harmony platform, which includes integration Platform as a Service (iPaaS), App Builder, API Manager, and Electronic Data Interchange (EDI) solutions, is designed to bring together line-of-business leaders and IT or Information Systems experts. This collaborative environment enables both groups to develop AI agents that can be integrated with existing enterprise architecture, thereby seeking to enhance operational efficiency while ensuring control, transparency, and accountability across business processes. CTO Manoj Chaudhary highlighted the flexibility of the platform's layered AI capabilities. "The beauty of our layered AI approach is that our customers can use their current investments to design and implement AI agents, or have Jitterbit do it for them," he said. "We're not isolating AI to a particular product or feature; customers have full control to use low-code or natural language to take their existing implementations and quickly design new AI agents to accelerate their current systems and processes in ways they've never imagined." Jitterbit's solution is designed with security, governance and accountability at its core. The platform allows organisations to create agents with natural language or low-code instructions, access a growing marketplace of vetted AI agents (including third-party offerings), or fully outsource custom agent development to Jitterbit's professional services team. This service will be available to customers from May 2025. Chaudhary stated, "Regardless of how AI agents are built and deployed, trust and accountability are Jitterbit's core tenets. We're empowering organisations with the 'checks and balances' to ensure agents are not only making correct logical decisions, but also providing guardrails to mitigate issues like toxicity and AI hallucination. And, as always, we're providing mechanisms for human oversight and verification for extra layers of accountability." Jitterbit's recent study, 'The 2025 Automation Benchmark Report: Insights from IT Leaders on Enterprise Automation & the Future of AI-Driven Businesses', reported that 99% of surveyed enterprises have already integrated AI into their operations. The survey also found that 31% of enterprises are planning for agentic AI, which points to growing interest in more autonomous decision-making solutions and the need for layered AI alongside comprehensive end-to-end automation. Richard Guest, EMEA Delivery Director at Jeld-Wen, commented on the importance of the new technology. "Accountability is no longer a 'nice-to-have' but a critical driver of business value in the age of agentic AI. A focus on layered and accountable AI enables organisations to confidently scale their automation initiatives, knowing they have the control and visibility needed to achieve strategic outcomes." Potential applications of agentic AI include customer service agents, supply-chain automation, HR onboarding, planning for sales accounts, legal research, and financial analysis. The technology is intended for adoption across a range of sectors, reflecting the growing role of autonomous AI agents in streamlining business processes. In addition to launching the layered AI architecture, Jitterbit announced the general availability of AI assistants for its App Builder and API Manager from June 2025. The App Builder AI Assistant will allow users to build or modify applications through natural language interactions and an interface that can be customised by uploading reference images. The API Manager AI Assistant is intended to reduce API development times by enabling users to build APIs more efficiently with the support of AI integration.
Yahoo
25-04-2025
- Business
- Yahoo
Freight Technologies Integrates with Blue Yonder TMS Through Bayer to Optimize Supply Chain Efficiency
HOUSTON, April 25, 2025 (GLOBE NEWSWIRE) -- Freight Technologies, Inc. (Nasdaq: FRGT, 'Fr8Tech' or the 'Company'), a logistics management innovation company, is pleased to announce its integration with supply chain management company Blue Yonder's Transportation Management System ('TMS') through Bayer Crop Science LP ('Bayer'). This follows Bayer's selection of Fr8Tech as a key logistics provider in September 2024 for the 2025 season, where Fr8Tech was awarded six critical cross-border lanes for truckload services. Fr8Tech has integrated its Fr8App platform with Bayer's instance of Blue Yonder through an Electronic Data Interchange ('EDI') to help optimize Bayer's logistics and supply chain management. This direct integration enables automated data exchanges, eliminates manual processes and ensures faster, more accurate communication. Connecting Fr8Tech's logistics platform with Bayer's TMS through EDI will allow for enhanced shipment visibility, reduced lead times and optimized resource allocation - improving overall supply chain efficiency and advancing Bayer's operational goals. Javier Selgas, CEO of Fr8Tech added, 'This seamless and rapid integration is a testament to Fr8Tech's highly flexible platform solutions, enabling companies like Bayer to achieve greater operational efficiency in their supply chain management. This development also further strengthens Fr8Techs' position as a trusted and leading provider of logistics solutions powered by AI and machine learning.' About Freight Technologies Inc. Freight Technologies (Nasdaq: FRGT) ('Fr8Tech") is a technology company offering a diverse portfolio of proprietary platform solutions powered by AI and machine learning to optimize and automate the supply chain process. Focused on addressing the distinct challenges within the supply chain ecosystem, the Company's portfolio of solutions includes the Fr8App platform for seamless OTR B2B cross-border shipping across the USMCA region; Fr8Now, a specialized service for less-than-truckload (LTL) shipping; Fr8Fleet, a dedicated capacity service for enterprise clients in Mexico; Waavely, a digital platform for efficient ocean freight booking and management of container shipments between North America and ports worldwide and Fleet Rocket a nimble, scalable and cost-effective Transportation Management System (TMS) for brokers, shippers, and other logistics operator Together, each product is interconnected within a unified platform to connect carriers and shippers and significantly improve matching and operation efficiency via innovative technologies such as live pricing and real-time tracking, digital freight marketplace, brokerage support, transportation management, fleet management, and committed capacity solutions. The company is headquartered in Houston, Texas. For more information, please visit Forward-Looking Statements This press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Fr8Tech's and Fr8App Inc.'s actual results may differ from their expectations, estimates and projections and, consequently, readers should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue' and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Fr8Tech's and Fr8App Inc.'s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the inability to obtain or maintain the listing of Fr8Tech's ordinary shares on Nasdaq; (2) changes in applicable laws or regulations; (3) the possibility that Fr8Tech or Fr8App Inc. may be adversely affected by other economic, business and/or competitive factors; (4) risks relating to the uncertainty of the projected financial information with respect to Fr8App Inc.; (5) risks related to the organic and inorganic growth of Fr8App Inc.'s business and the timing of expected business milestones; and (6) other risks and uncertainties identified, including those under 'Risk Factors,' to be filed in Fr8Tech other filings with the Securities Exchange Commission. Fr8Tech cautions that the foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Fr8Tech and Fr8App Inc. caution readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Fr8Tech and Fr8App Inc. do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in their expectations or any change in events, conditions or circumstances on which any such statement is based. CONTACT: Fr8Tech Contact: Jason Finkelstein IGNITION Investor Relations investors@ in to access your portfolio
Yahoo
10-04-2025
- Business
- Yahoo
SPS Commerce: Its risks might move it up
SPS Commerce Inc. (NASDAQ:SPSC) creates software to help retailers with their supply chain management. It specializes in Electronic Data Interchange (EDI) services that help businesses automate and streamline communications across supply chains. Although its main customer target has been retailers, it's now expanding to other areas as well. Warning! GuruFocus has detected 2 Warning Sign with SPSC. The company's year-over-year growth was 19% in 2024, well above its target model of ?15%. This growth equates to an 8-year CAGR (2016-2024) of 16%, demonstrating sustainable long-term growth. Recurring revenue now represents 94% of total revenue, demonstrating excellent revenue stability, which is helpful in a sector with high volatility. The current penetration of ~ 16% suggests significant room for expansion on a $11.1B global TAM (Total Addressable Market), with $6.5B in the U.S. alone Some of the drivers of the revenue growth are: Increasing customer base through retail programs, channel sales, and marketing Increasing wallet share (annualized average recurring revenues per recurring revenue customer) through upselling and cross-selling additional products Consolidation through customer, product, technology, and geographic expansion. This is why the company has been making acquisitions: Carbon6, SAP B1 SPS Integration Technology, and TIE Kinetics. The company expects to continue growing revenues at 15% or more, and analysts forecast a 16.01% 3-year CAGR. Unlike other tech companies, SPS Commerce has been profitable since at least 2018, after a relatively small dip in income. Its net income margin has been stable at 12% over a 4-year period, but one major concern is that its EBITDA margin of ~29% is below the target of 35% - close to the industry average of 33.84%. However, that's where an investor can see the first opportunity. Given the target of 35%, the company's management knows it's achievable. When that happens, the share price will follow the increase in earnings. And with a target EBITDA growth of 15-25% annually, that does not seem far away. As context, the change over a 10-year period is presented below for EBITDA. Trendline higher than the mentioned growth target Another metric that raises concern is the 1% YoY customer growth in 2024. This is a decrease from the 6% achieved in 2023. This can mean the competition is getting ahead of the company and capturing new customers. However, another opportunity is presented here. Management has noted this and is now focusing on accelerating customer acquisition and increasing wallet share. With the last acquisitions adding products in new areas and the plan for geographical expansion, growth on those fronts can be achieved. Also, given the company's strong balance sheet, it has the potential to initiate strategic acquisitions to expand product capabilities and market reach even further. The company has maintained a lean balance sheet with $241M in cash and cash equivalents, no long-term debt, healthy stockholders' equity of $854.7M, and total assets reaching $1031.2 in 2024. This puts the company in a position to move quickly into areas of opportunity like acquisitions, customer expansion, developing new products, and market expansion. And, in case of economic downturns or increased competition pressure, there is more room to fight back. Some other points that provide a favorable outlook are The network effect creates a defensible moat with 45,000+ recurring revenue customers. Also, the cost of changing to another supplier of these software services is high and prevents existing customers from migrating at the first problem with the software. Instead, there is an incentive to help the company improve the product. Relationships with 3,500 buying organizations and 2,000+ 3PLs (Purchase Lines) Integration with 400+ system partners (Microsoft, Intuit, Oracle, SAP, etc.) enhances product features and makes it easy for companies that already use them to adopt these partners' services. The viral lead generation model through retailer change events creates efficient marketing. A high percentage of recurring revenue (94%) creates stability With the multiple acquisitions, the company may face difficulties integrating different teams, systems, processes, and cultures. If problems arise in this regard, product development and geographical expansion will be affected, and as a consequence, customer acquisition and wallet share expansion will slow down. Due to the nature of the software sector, the company is exposed to a highly competitive environment. With competitors like IBM, Open Text Corp, E2Open, and more, any mistake the company makes can and will be used by the competitors. Also, the supply chain technology space is evolving as more workloads are moved to cloud-based operations. Another common concern with software companies is their valuations. With premium multiples based on high growth expectations, failure to post continued growth can lead to devaluation. Macroeconomic factors can affect the whole industry. Retail sectors might be at higher risk of being disrupted by economic factors like trade wars or recessions. This threat is a significant concern because a considerable portion of the company's customer base is small and medium-sized businesses. Using GuruFocus tools, investors can have an idea of the target price for the company's shares. With the following assumptions as input for a DCF model: A growth rate of 25% based on the company's plans going well, specifically regarding customer acquisition and wallet share expansion. Terminal stage growth rate of 4%, close to the US GDP growth of 3.1% (1947-2024) WACC of 9.69% as the discount rate Book Value of 22.69M (from company data) The following result is computed (Note: for some reason, the growth and discount rates do not show the updated values, but the result uses the correct values) The Free Cash Flow graph is shown below as context. The FCF growth rate for the DFCF model is 19.94%, while it has been 35.50% over the 10-year period shown on the graph. The tool also tells us that growth is achievable. These numbers show that the company is considerably undervalued. Its potential upside is 29.13%, which can be realized quickly once other investors start looking into it. One of the gurus who is heavily investing in SPS Commerce is Ken Fisher (Trades, Portfolio), who has been consistently increasing his position, reaching 265,326 shares (0.710% of outstanding shares) If we look at the volume of guru trades, we see that almost all the trades done have been buys One could argue that tariffs are a risk for the company, but I think they could actually boost adoption. Tariffs will impact supply chains worldwide; in that case, a tool like the one provided by SPS Commerce is of much help. If we look at the financials during another event disrupting supply chains, the 2019/2020 pandemic, we find no significant effects. Moreover, this situation could raise awarness of companies like SPSC, potentially attracting investors. SPS Commerce presents an attractive investment case for investors expecting high returns while being able to compromise on risk. The company has demonstrated the ability to grow revenue at ~19% while maintaining healthy profitability and strong cash flow. Based on the company's consistent financial performance, ample market opportunity, and strategy moving forward, it is well-positioned to continue growing. The primary growth concern is slowing customer acquisition, which is partially offset by the positive expansion in wallet share among existing customers. Given its multiple growth pathways and significant market opportunity, the company's expectation of ?15% revenue growth going forward appears reasonable. The strong balance sheet with no debt and substantial cash reserves provides flexibility for strategic investments, acquisitions, and changes in direction. The company's high percentage of recurring revenue, paired with low churn, creates predictability, while the strong network effects build a defensible competitive position. The key investment consideration would be valuation, as high-quality SaaS companies often trade at premium multiples. There might be companies with equal or more upside potential with less risk; I'm open to reading about them in the comments. This article first appeared on GuruFocus.
Yahoo
07-04-2025
- Business
- Yahoo
Jitterbit Earns 20 G2 Spring 2025 Badges for Leadership in Enterprise Automation, Integration and App Development
Jitterbit solutions earn 20 'Leader' or 'High Performer' badges in iPaaS, API Management, EDI, RAD, Workplace Innovation and Low or No-code Application Development categories ALAMEDA, Calif., April 07, 2025 (GLOBE NEWSWIRE) -- Jitterbit, a global leader in accelerating business transformation for enterprise systems, today announced its Harmony platform has been recognized as a leader by G2, the world's largest and most trusted software marketplace. This is the eighth consecutive year Jitterbit has been highly ranked by G2. 'We're honored that Jitterbit has once again been recognized as a leader across multiple categories by G2,' said Vito Salvaggio, SVP of Product Management at Jitterbit. 'This recognition reinforces our commitment to delivering a unified platform that accelerates workflow automation and application development with ease. With AI-powered capabilities in the Harmony platform, rapid EDI implementation with high ROI, and industry-leading customer support, we empower organizations to streamline their operations, foster innovation, and drive transformation.' The recognition for Harmony, Jitterbit's unified, AI-infused low-code platform, includes 20 badges in Integration Platform as a Service (iPaaS), API Management, Electronic Data Interchange (EDI), Rapid Application Development (RAD), Workplace Innovation and No-Code Development. These accolades span the global grid reports for enterprises, mid-market and small businesses. Fortune 500 companies consult G2 as their trusted industry source to guide their software decisions. G2 Grid Reports are released quarterly, ranking products based on authentic peer evaluations collected from the G2 community and aggregated data from online sources. For the spring 2025 quarter, Jitterbit earned the following badges: 9 Leader Badges for iPaaS, API Management and EDI 8 High Performer Badges for Workplace Innovation, API Management, EDI, RAD, Low and No Code Development 2 Badges for EDI - Best Estimated ROI and Fastest Implementation 1 Badge for Low-Code Development Platforms - Best Support Key G2 Grid Report Highlights The Jitterbit Harmony platform was recognized as a Leader in the Grid Reports across iPaaS, API Management and EDI as follows: EMEA Regional Grid® Report for iPaaS Europe Regional Grid® Report for iPaaS Mid-Market Grid® Report for iPaaS Grid® Report for Electronic Data Interchange (EDI) Grid® Report for No-Code Development Platforms Americas Regional Grid® Report for API Management About G2 G2 is the world's largest and most trusted software marketplace. More than 90 million people annually — including employees at all Fortune 500 companies — use G2 to make smarter software decisions based on authentic peer reviews. Thousands of software and services companies of all sizes partner with G2 to build their reputation and grow their business — including Salesforce, HubSpot, Zoom, and Adobe. To learn more about where you go for software, visit About Jitterbit Inc. For organizations ready to modernize and innovate, Jitterbit provides a unified AI-infused low code platform for integration, orchestration, automation, and app development that accelerates business transformation, boosts productivity, and unlocks value. The Jitterbit Harmony platform, including iPaaS, API Manager, App Builder and EDI, future-proofs operations, simplifies complexity and drives innovation for organizations globally. Learn more at and follow us on LinkedIn. Media Contact: Laura Hunter Jitterbit Phone: 310-344-6426 Email:
