Corporate World

Xerox (NYSE: XRX) today issued the following letter from its Board of Directors to its shareholders in response to the February 12, 2018 letter from Carl Icahn and Darwin Deason:

The food and beverage sector in the Gulf Cooperation Council (GCC) states is expected to continue to grow at a healthy 7.1% annually, reaching US$ 196 billion by 2021, from the current US$ 130 billion, according to MENA Research Partners, a leading research company in the region. Saudi Arabia alone accounts for more than half of the market share, followed by the UAE with 31%. Kuwait, which is the third largest F&B market in the region, is set to witness the fastest expansion at 9.6% per year.

NEZO, a leading retail salt brand of AkzoNobel Specialty Chemicals, has unveiled a new brand identity and further plans for growth in the Middle East.

Fiorano Software announced today that I&M Bank, Kenya has chosen the Fiorano platform to achieve digital transformation to reduce time-to-market while integrating its Finacle, Core Banking System. I&M Bank’s need for digital transformation arose from its new strategy aimed at giving each market segment a customized proposition to complement their lifestyle and financial requirements. The use of multiple point-to-point connections was impeding this goal due to its rigidity, high maintenance and management costs.

Centrify, the leader in securing hybrid enterprises through the power of identity services, today announced it is the only identity services provider to be recognized as a “Leader” by Forrester Research Inc., a leading industry analyst firm, in both the Identity-as-a-Service (IDaaS) and Privileged Identity Management (PIM) Wave evaluations, and as a “Strong Performer” for Enterprise (EMM). With the convergence of these three solution areas, Centrify proactively secures organizations’ businesses from the inside out.