Menu
header photo

Middle East Live

Blog posts November 2023

QPS Holdings, LLC divests its Neuropharmacology Business Unit

(BUSINESS WIRE)--Today QPS Holdings, LLC (QPS) a leading drug development Contract Research Organization (CRO), announces an agreement to sell its Neuropharmacology business unit (QPS Neuropharmacology) to Scantox, a leading Nordic pre-clinical, GLP-accredited CRO. QPS Neuropharmacology, based in Grambach, Austria and focused on drug discovery, specializes in neurodegenerative diseases, rare diseases and mental disorders.

Founded in 1999, QPS Neuropharmacology has built a strong global reputation for high quality services that are deeply scientifically rooted and has an undisputed track-record of serving a loyal and broad customer base globally. This long history of developing expertise within neuropharmacology preclinical studies has contributed to strong year-on-year growth and positioned the organization as a desirable acquisition target. QPS Neuropharmacology is based in a 2,700 m2 state-of-the-art facility in Grambach, Austria, and employs more than 80 employees. With on-site availability of validated transgenic and non-transgenic in-vitro and in-vivo models, QPS Neuropharmacology addresses multiple targets within the growing CNS area and represents a unique partner for biotech and pharma companies in their drug development process.

After the sale is complete, QPS will retain the European clinical division including the service capbilities in Austria, The Czech Republic, and Croatia where QPS has a long history of conducting late-phase clinical trials in neurodegenerative diseases, oncology and various rare diseases. This late-phase clinical capability will remain fully integrated with the QPS global clinical operational services organization, providing comprehensive global CRO services to pharmaceutical and biotech clients worldwide.

“The sale of QPS Neuropharmacology is a natural transition in the development of QPS as a full-service, global CRO focused on preclinical, bioanalysis and clinical research operational services. We believe that the neuropharmacology unit will be strengthened and continue to grow as part of the Scantox organization” says Ben Chien, President and CEO of QPS Holdings, LLC.

Manuela Prokesch, Director of QPS Neuropharmacology, continues: “This is a unique opportunity for us to bring our deep Neuropharmacology expertise to join a preclinical market leader, known for their high quality and customer-centric approach. We are looking forward to continuing to deliver our signature high-quality solutions to our clients while leveraging the synergies we can generate across the Scantox organization”.

QPS Neuropharmacology will continue to serve its valued clients as part of the Scantox organization. The combined company will have more than 300 employees across six sites offering lead optimization, neuropharmacology research services, regulatory toxicology and CMC/analytical services.

Advisors

Perella Weinberg Partners is serving as financial advisor to QPS Holdings, KPMG is serving as its tax advisor and Ropes & Gray together with Wolf Theiss are serving as its legal counsel. Lincoln International is serving as corporate finance advisor to Scantox, EY is serving as its financial and tax advisor, L.E.K. Consulting as its commercial advisor and Accura together with DORDA are serving as its legal counsel.

About QPS Holdings, LLC:

QPS is a GLP/GCP-compliant contract research organization (CRO) delivering the highest grade of discovery, preclinical, and clinical drug development services. Since 1995, it has rapidly expanded from a tiny bioanalysis shop to a full-service CRO with 1,200+ employees in the US, Europe, India and Asia. Today, it offers expanded pharmaceutical contract R&D services with special expertise in Neuropharmacology, DMPK, Toxicology, Bioanalysis, Translational Medicine, and Clinical Development. Through continual enhancements in capacities and resources, QPS stands tall in its commitment to delivering superior quality, skilled performance and trusted service to its valued customers. For more information, visit www.qps.com or email info@qps.com.

About Scantox:

Scantox is the leading Nordic pre-clinical GLP-accredited CRO, focused on pharmacology and regulatory toxicology, headquartered in Denmark with three subsidiaries in Sweden and one in Denmark. Based on decades of experience, the company is a trusted partner for product development services within the pharmaceutical, biotech and medical devices industries, with a world known expertise within the Göttingen minipigs. The Company’s services enable clients to progress their drug or device development based on solid data to the highest technical and scientific standards. Founded in 1977, Scantox is owned by Impilo, a leading Nordic healthcare investment company.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231130940694/en/


Permalink
https://www.aetoswire.com/en/news/3011202336224
Contacts
For further information:
Dr. Manuela Prokesch, Director of QPS Neuropharmacology, Manuela.Prokesch@qps.com

 

Go Back

 Posted in General

SwissAI Optimizes Charging Infrastructure Across Continents

 


 SwissAI Drives Profitability & Quality of Charging Infrastructure for its Partners

 

(BUSINESS WIRE) -- Mercedes-Benz Mobility AG has chosen SwissAI as an AI provider for network planning & site selection to create their first network. SwissAI provides its automotive partner with a cutting-edge AI-based analysis and forecasting SaaS platform - AIOME. The software accelerates location selection and charging infrastructure deployment plans, while increasing profitability for both our automotive partner and its valued customers.

This exciting partnership supports the development of a global high-power charging network. By the end of the decade, Mercedes-Benz Mobility AG plans to build approximately 2000 charging hubs and 10,000 high-power chargers across the planet - starting in China, North America and Europe. SwissAI's AIOME platform is playing an essential role in North America and Europe.

By utilizing this platform, users simulate the impacts of different scenarios without the need for their physical implementation, obtain answers to crucial questions such as location optimization and equipment rollout strategies, and ensure comprehensive network coverage. To achieve this, SwissAI takes into account the evolving charging demand and other relevant factors, such as changing technology and people’s behavior. AIOME assures a premium charging experience for the customer while choosing the most profitable network across the continent.

“SwissAI enables our customers to choose their optimized future. Where are the best locations for present and future customer demand? How will the competition and technology evolve? By harnessing artificial intelligence to respond to evolving driver needs and technological advancements, our partners can strategically select economically optimal locations that ensure customer satisfaction and profitability," Anna Gawlikowska, CEO of SwissAI, commented. “We are committed to creating value and enabling our partners to plan and implement the optimal path to electromobility.”

SwissAI AG is a top provider of Software as a Service (SaaS) for energy and mobility systems. Since its beginning in 2008, the Swiss-based company has been at the forefront of technology development, supporting multinational companies and public institutions in Europe, Japan, and the USA. SwissAI has been committed to building simulation frameworks for various sectors, including energy transition, e-mobility, logistics, real estate, retail, and smart cities. AIOME provides access to thousands of layers of anonymized data and algorithms for a comprehensive assessment of infrastructure investment and detailed daily foresight. Partners including Mercedes-Benz Mobility AG leverage SwissAI’s software to choose the most profitable and lowest risk energy and mobility strategies, and asset locations in OECD countries and Southeast Asia. With a simulation platform covering an area of over 1.6 billion people, SwissAI is at the forefront in shaping the future of energy and mobility.

 

 

 

Contacts

SwissAI AG
Michael Jankovic
pr@swissai.com
+41 41 210 11 95
www.swissai.com

 

Go Back

0 comments
 Posted in General

PQE Group Expands Operations into Saudi Arabia, Inaugurates Riyadh Office in Collaboration with Local Partner Maha Alateeki

 


 (BUSINESS WIRE) -- PQE Group, a leading international consulting firm renowned for its expertise in quality assurance, compliance, and regulatory services in the Life Sciences and medical device sectors, is thrilled to announce the establishment of its newest office in Riyadh, Saudi Arabia. This milestone is made possible through a strategic partnership with esteemed local collaborator, Maha Alateeki.

 

The collaboration with Maha Alateeki signifies a pivotal step for PQE Group, as it ventures into the high-potential GCC market. The primary objective of this partnership is to bring PQE Group's international expertise to a rapidly expanding market, catering to the burgeoning demands of the region.

Among the flagship services provided by PQE Group in the region, a key focus lies in advanced engineering solutions for the establishment of new production facilities, as well as specialized expertise in data integrity.

In the words of the Chief Strategy Officer of PQE Group Riccardo Salvagnini: "Having invested significantly in Europe, Asia, and the Americas, PQE Group is now poised to extend its horizons into the Gulf Region. This strategic move underscores our commitment to being at the forefront of emerging markets."

"I am honored to collaborate with PQE Group in bringing their world-class expertise to Saudi Arabia. This partnership represents a significant opportunity for the region to access top-notch quality assurance, compliance, and regulatory services. Together with PQE Group, we aim to contribute to the growth and success of businesses in the GCC market." concluded Maha Alateeki.

 

   

Contacts

Michela Lijoi
Email: m.lijoi@pqegroup.com
Mobile: +393286353044

 

Go Back

0 comments
 Posted in General

Rimini ONE™ Helps MYOB Achieve System Reliability and Operational Efficiency

Australian SaaS provider selects Rimini Street’s end-to-end IT support and managed services to streamline part of its ecosystem and improve talent retention

 

(BUSINESS WIRE)--Rimini Street, Inc. (Nasdaq: RMNI), a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software, and a Salesforce and AWS partner, today announced MYOB, a leading SaaS provider based in Australia, has selected Rimini ONE™ to streamline and enhance the support of one of its core platforms. The decision allows MYOB’s internal development team to focus on delivering more strategic outcomes for the company.

MYOB’s Quest for a Strategic Software Support and Managed Services Partner

MYOB is a business management platform that brings together key workflows for small and medium sized enterprises, from finance and supply chain to employee and project management. Since the early nineties, MYOB has been part of the fabric of doing business in Australia and New Zealand, helping businesses start, survive, and succeed.

The company’s ecosystem relies on CRM and ERP solutions that have been fundamental to its operations for decades. MYOB conducted an extensive market scan to find a partner to support these solutions and that could truly comprehend its unique needs.

“Rimini Street was the clear choice for us. They weren’t just looking to sell us what they’ve got off the shelf. The team really wanted to understand our systems, processes, and our problems to ensure a good fit,” said Catherine Quinn, platform delivery lead at MYOB.

Stefan Vargheese, engineering manager at MYOB, echoed her sentiments: “It was not a one-size-fits-all solution. Rimini Street really took our needs and business goals into consideration. Having managed services and issue resolution in a seamless, end-to-end solution, without multiple vendors or multiple tickets, was a no-brainer for us.”

MYOB Improves Efficiency and Talent Retention with Rimini ONETM

MYOB chose Rimini ONE, an end-to-end outsourcing solution for enterprise applications, databases, and technology software, to manage its Siebel platform. This increases efficiencies, ensures seamless operations, fosters collaborative issue resolution, and enables expertly tailored solutions.

Ensuring Uninterrupted Operations
Business continuity and system uptime are paramount for MYOB as their agents and customers require uninterrupted access to their software. “Rimini Street gives us peace of mind that our core applications will be available whenever they are needed,” added Quinn.

Cultivating Collaborative Issue Resolution
Rimini Street takes a proactive approach pinpointing and remedying the root causes of issues, working closely with MYOB engineers for faster resolution.

Delivering Expertise and Custom Solutions
The Rimini Street approach provides MYOB with expertise and skillsets to tackle any scenario. “They throw themselves in, understand the problem and work out the best solution. There have been a few things that they haven’t seen before, but that absolutely hasn’t fazed them at all,” explained Quinn.

Switching to Rimini ONE opened more opportunities for MYOB and empowered the team to work more efficiently and more flexibly, as well as save costs. “Rimini ONE provides a truly one-of-a-kind solution that’s a must for modern-day organizations,” said Vargheese.

Rimini ONE eliminated the need for the team to spend time on after-hours support, resulting in increased productivity, improved work-life balance, and enhanced talent retention. Vargheese noted, “The team is more productive when they’re working on strategic, future-focused projects. The partnership is definitely paying off dividends.”

“We are pleased to work with MYOB to help them optimize their IT ecosystem and empower their development team to focus on strategic innovation,” said Craig Mackereth, executive vice president of global service delivery at Rimini Street. “This partnership underscores Rimini Street’s commitment to providing tailored, end-to-end support solutions that meet the unique needs of our clients and enable them to achieve their business objectives with confidence.”

Access additional details on how Rimini Street enables MYOB here.

Explore the full Rimini Street portfolio of ultra-responsive, trusted and proven support, managed services, security, integration, observability, professional services and Rimini ONE™ end-to-end outsourcing solutions for SAP, Oracle and Salesforce applications to support competitive advantage, profitability and growth.

About Rimini Street, Inc.

Rimini Street, Inc. (Nasdaq: RMNI), a Russell 2000® Company, is a global provider of end-to-end enterprise software support, products and services, the leading third-party support provider for Oracle and SAP software and a Salesforce and AWS partner. The Company has operations globally and offers a comprehensive family of unified solutions to run, manage, support, customize, configure, connect, protect, monitor, and optimize enterprise application, database, and technology software, and enables clients to achieve better business outcomes, significantly reduce costs and reallocate resources for innovation. To date, over 5,300 Fortune 500, Fortune Global 100, midmarket, public sector, and other organizations from a broad range of industries have relied on Rimini Street as their trusted enterprise software solutions provider. To learn more, please visit riministreet.com, and connect with Rimini Street on Twitter, Instagram, Facebook and LinkedIn. (IR-RMNI)

Forward-Looking Statements

Certain statements included in this communication are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “anticipate,” “believe,” “continue,” “could,” “currently,” “estimate,” “expect,” “future,” “intend,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seem,” “seek,” “should,” “will,” “would” or other similar words, phrases or expressions. These forward-looking statements include, but are not limited to, statements regarding our expectations of future events, future opportunities, global expansion and other growth initiatives and our investments in such initiatives. These statements are based on various assumptions and on the current expectations of management and are not predictions of actual performance, nor are these statements of historical facts. These statements are subject to a number of risks and uncertainties regarding Rimini Street’s business, and actual results may differ materially. These risks and uncertainties include, but are not limited to, adverse developments in and costs associated with defending pending litigation or any new litigation, including the disposition of pending motions to appeal and any new claims; additional expenses to be incurred in order to comply with injunctions against certain of our business practices and the impact on future period revenue and costs; changes in the business environment in which Rimini Street operates, including the impact of any recessionary economic trends and changes in foreign exchange rates, as well as general financial, economic, regulatory and political conditions affecting the industry in which we operate and the industries in which our clients operate; the evolution of the enterprise software management and support landscape and our ability to attract and retain clients and further penetrate our client base; significant competition in the software support services industry; customer adoption of our expanded portfolio of products and services and products and services we expect to introduce; our ability to sustain or achieve revenue growth or profitability, manage our cost of revenue and accurately forecast revenue; estimates of our total addressable market and expectations of client savings relative to use of other providers; variability of timing in our sales cycle; risks relating to retention rates, including our ability to accurately predict retention rates; the loss of one or more members of our management team; our ability to attract and retain qualified employees and key personnel; challenges of managing growth profitably; our need and ability to raise additional equity or debt financing on favorable terms and our ability to generate cash flows from operations to help fund increased investment in our growth; the impact of environmental, social and governance (ESG) matters; risks associated with global operations; our ability to prevent unauthorized access to our information technology systems and other cybersecurity threats, protect the confidential information of our employees and clients and comply with privacy regulations; our ability to maintain an effective system of internal control over financial reporting; our ability to maintain, protect and enhance our brand and intellectual property; changes in laws and regulations, including changes in tax laws or unfavorable outcomes of tax positions we take, or a failure by us to establish adequate tax reserves; our credit facility’s ongoing debt service obligations and financial and operational covenants on our business and related interest rate risk, including uncertainty from the transition to SOFR or other interest rate benchmarks; the sufficiency of our cash and cash equivalents to meet our liquidity requirements; the amount and timing of repurchases, if any, under our stock repurchase program and our ability to enhance stockholder value through such program; uncertainty as to the long-term value of Rimini Street’s equity securities; catastrophic events that disrupt our business or that of our clients; and those discussed under the heading “Risk Factors” in Rimini Street’s Quarterly Report on Form 10-Q filed on November 1, 2023, and as updated from time to time by Rimini Street’s future Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings by Rimini Street with the Securities and Exchange Commission. In addition, forward-looking statements provide Rimini Street’s expectations, plans or forecasts of future events and views as of the date of this communication. Rimini Street anticipates that subsequent events and developments will cause Rimini Street’s assessments to change. However, while Rimini Street may elect to update these forward-looking statements at some point in the future, Rimini Street specifically disclaims any obligation to do so, except as required by law. These forward-looking statements should not be relied upon as representing Rimini Street’s assessments as of any date subsequent to the date of this communication.

© 2023 Rimini Street, Inc. All rights reserved. “Rimini Street” is a registered trademark of Rimini Street, Inc. in the United States and other countries, and Rimini Street, the Rimini Street logo, and combinations thereof, and other marks marked by TM are trademarks of Rimini Street, Inc. All other trademarks remain the property of their respective owners, and unless otherwise specified, Rimini Street claims no affiliation, endorsement, or association with any such trademark holder or other companies referenced herein.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231129374155/en/


Permalink
https://www.aetoswire.com/en/news/2911202336179
Contacts
Janet Ravin
VP, Global Communications
Rimini Street, Inc.
+1 702 285-3532
pr@riministreet.com

 

Go Back

0 comments
 Posted in General

Datalec Precision Installations (DPI) Launches In-House Electronic Security Service, Revolutionising Project Delivery

 

 


DPI welcomes Glenn Stephenson to the company as Operations Director – Electronic Security

 

 

(BUSINESS WIRE)--Datalec Precision Installations (DPI), a provider of world-class data centre design, supply, build, and support services to deliver seamless, integrated, and unified end-to-end solutions for data centre operators, is pleased to announce the expansion of its capabilities with the launch of in-house Electronic Security services. This innovative move sets DPI apart in the industry, providing clients with a unique end-to-end solution that eliminates the disruption often associated with third-party security provision.

DPI's in-house Electronic Security capability revolutionises project delivery by offering clients enterprise security systems, which can be pre-configured and pre-installed to our end-to-end solutions, alongside other bespoke offerings. This will be integral to our comprehensive end-to-end solutions. In contrast to industry norms relying on third-party providers, DPI's pioneering approach ensures a seamless and unified experience for data centre operators.

This marks a distinctive Unique Selling Proposition (USP) within the data centre industry, as we believe that DPI is the only entity in our field with the capability to manage security in-house. Unlike traditional practices where, for many different reasons, security is still being installed at the project's conclusion, DPI's integrated approach incorporates security into the main general contractor contract delivery. This proactive strategy addresses typical project creep associated with Ready for Service Dates (RFSD), overcoming security issues, and ensuring on-time and on-budget project delivery, meeting the high standards expected by clients.

The driving force behind this strategic initiative is the appointment of Glenn Stephenson as Operations Director for Electronic Security. With a distinguished career spanning over 30 years in the security industry, Glenn brings a wealth of experience and a proven record of successful project management and operational leadership.

In his role as Operations Director, Glenn will spearhead the delivery of electronic security solutions for data centres across the EMEA region. As the ultimate escalation point for all operational matters, including financial and physical aspects, Glenn will play a pivotal role in ensuring the seamless execution of projects. Additionally, he provides valuable support in Tender Returns and assists Project Managers with Final Account meetings. “I am very excited and proud to be chosen to direct this very important division within DPI,” said Glenn. “This really is a one-stop-shop for design, manufacturing, installation, security, and managed services. By having manufacturing capacity in-house, Datalec is poised to overcome security disruptions and issues, ensuring on-time and on-budget project delivery to the exacting standards clients expect.”

Datalec looks forward to continued success and growth under Glenn’s leadership and is confident that his wealth of experience will contribute significantly to the company's strategic goals.

To learn more about Datalec Precision Installations (DPI) visit https://datalecltd.com.

About Datalec

Datalec Precision Installations delivers excellence in international data centre installations, partnering with clients to make their businesses successful while providing seamless, integrated, unified end-to-end results with a ‘One Call, One Team’ service. DPI’s rigorous project management and supervision ensures projects are implemented to perfection the first time, every time, while mitigating risk and reducing cost for clients. DPI is focused on delivering a proactive and personal service that provides agility, flexibility and adaptability for substantial data suite construction and implementations. For more information visit: https://datalecltd.com.

 

 

 

Contacts

Ilissa Miller
iMiller Public Relations
Email: datalec@imillerpr.com
Tel: 1.914.315.6424

 

 DPI welcomes Glenn Stephenson to the company as Operations Director – Electronic Security

 

(BUSINESS WIRE)--Datalec Precision Installations (DPI), a provider of world-class data centre design, supply, build, and support services to deliver seamless, integrated, and unified end-to-end solutions for data centre operators, is pleased to announce the expansion of its capabilities with the launch of in-house Electronic Security services. This innovative move sets DPI apart in the industry, providing clients with a unique end-to-end solution that eliminates the disruption often associated with third-party security provision.

DPI's in-house Electronic Security capability revolutionises project delivery by offering clients enterprise security systems, which can be pre-configured and pre-installed to our end-to-end solutions, alongside other bespoke offerings. This will be integral to our comprehensive end-to-end solutions. In contrast to industry norms relying on third-party providers, DPI's pioneering approach ensures a seamless and unified experience for data centre operators.

This marks a distinctive Unique Selling Proposition (USP) within the data centre industry, as we believe that DPI is the only entity in our field with the capability to manage security in-house. Unlike traditional practices where, for many different reasons, security is still being installed at the project's conclusion, DPI's integrated approach incorporates security into the main general contractor contract delivery. This proactive strategy addresses typical project creep associated with Ready for Service Dates (RFSD), overcoming security issues, and ensuring on-time and on-budget project delivery, meeting the high standards expected by clients.

The driving force behind this strategic initiative is the appointment of Glenn Stephenson as Operations Director for Electronic Security. With a distinguished career spanning over 30 years in the security industry, Glenn brings a wealth of experience and a proven record of successful project management and operational leadership.

In his role as Operations Director, Glenn will spearhead the delivery of electronic security solutions for data centres across the EMEA region. As the ultimate escalation point for all operational matters, including financial and physical aspects, Glenn will play a pivotal role in ensuring the seamless execution of projects. Additionally, he provides valuable support in Tender Returns and assists Project Managers with Final Account meetings. “I am very excited and proud to be chosen to direct this very important division within DPI,” said Glenn. “This really is a one-stop-shop for design, manufacturing, installation, security, and managed services. By having manufacturing capacity in-house, Datalec is poised to overcome security disruptions and issues, ensuring on-time and on-budget project delivery to the exacting standards clients expect.”

Datalec looks forward to continued success and growth under Glenn’s leadership and is confident that his wealth of experience will contribute significantly to the company's strategic goals.

To learn more about Datalec Precision Installations (DPI) visit https://datalecltd.com.

About Datalec

Datalec Precision Installations delivers excellence in international data centre installations, partnering with clients to make their businesses successful while providing seamless, integrated, unified end-to-end results with a ‘One Call, One Team’ service. DPI’s rigorous project management and supervision ensures projects are implemented to perfection the first time, every time, while mitigating risk and reducing cost for clients. DPI is focused on delivering a proactive and personal service that provides agility, flexibility and adaptability for substantial data suite construction and implementations. For more information visit: https://datalecltd.com.

 

 

 

Contacts

Ilissa Miller
iMiller Public Relations
Email: datalec@imillerpr.com
Tel: 1.914.315.6424

 

Go Back

0 comments
 Posted in General

Armis Releases Q4 Update to Its Armis Centrix™ Platform

 New features and improvements in User Experience, SOC use cases, enhanced integrations - to augment our Exposure Management platform

 

(BUSINESS WIRE)--Armis, the asset intelligence cybersecurity company, today announced the availability of version 23.3 of the Armis Centrix™ platform. New enhanced integrations, utilizing Armis’ AI Asset Intelligence Engine, enhances organizations’ ability to strategically combine comprehensive data and sophisticated intelligence to efficiently drive key security processes and outcomes. Automated ticketing for vulnerability prioritization and remediation and improved management of alerts are some of the developments customers will benefit from.

Moreover improvements were added to Armis Centrix™ Connected Medical Device Security solution with focus on biomedical users to help them manage and monitor medical assets more effectively. Enhancements to Armis Centrix™ OT/IoT security solution increases coverage to more use cases and integrates with more OT vendors to increase scale and visibility across different OT networks.

“Armis works in lockstep with its customers, developing new features to our platform based on customer growth paths and the challenges they face,” said Dana Gilboa, chief product officer, Armis. “This release broadens the use cases and individual toolkits organizations can utilize through the platform as they manage their attack surface. With new techniques for asset discovery on top of existing network traffic analysis and integrations, enterprises can continue to take a proactive stance on risk and attack surface analysis.”

Version 23.3 also introduces a new user interface, which is more intuitive and includes major dashboard and reporting enhancements as well as new dark mode support. Improvements in user experience were also introduced with new functionality including better management of collectors, boundaries, network discovery, and integrations - which will dramatically speed up, and also automate, case loads to improve team performance.

Version 23.3 also brings significant improvements to SOC use cases, including enhancements in alerts which enable globally distributed teams to conduct investigations regardless of their location.

Armis Centrix™, the cyber exposure management platform, is powered by the Armis AI-driven Asset Intelligence Engine, which sees, protects and manages billions of assets around the world in real time. Armis Centrix™ is a seamless, frictionless, cloud-based platform that proactively mitigates all cyber asset risks, remediates vulnerabilities, blocks threats, and protects the entire attack surface. For more information on our platform please visit: Armis Centrix™.

Armis Centrix™ is FedRAMP moderate and DoD IL4 authorized.

About Armis

Armis, the asset intelligence cybersecurity company, protects the entire attack surface and manages the organization's cyber risk exposure in real time. In a rapidly evolving, perimeter-less world Armis ensures that organizations continuously see, protect and manage all critical assets. Armis secures Fortune 100, 200 and 500 companies as well as national governments, state and local entities to help keep critical infrastructure, economies and society stay safe and secure 24/7. Armis is a privately held company headquartered in California.

 

 

 

Contacts

Media Contacts:
Rebecca Cradick
Senior Director, Global Communications
Armis
pr@armis.com

 

Go Back

0 comments
 Posted in General

Bacardi Gifting Celebrates Sustainability Landmark

 

After cutting single-use plastic from its gifting range, the family-owned spirits company is now cutting cardboard gift packs too

(BUSINESS WIRE) -- Family-owned Bacardi has announced that it is not only cutting single-use plastic from its gift packs, it will also now reduce the number of cardboard gift boxes for some of its iconic brands.

Four years ago, Bacardi set itself the ambitious goal of removing 100% of the single-use plastic from its gifting range by the end of 2023. Thanks to innovative new designs, the company has successfully removed almost 275 tons of single-use plastic used annually.

“We are incredibly proud of what we have achieved to date but we want to go one step further,” said Rodolfo Nervi, Vice President Safety, Quality and Sustainability for Bacardi. “We don’t want to just redesign our packaging to remove plastic, we want to do all we can to reduce our cardboard packaging too.”

It’s with this in mind that Bacardi will now begin reducing the number of cardboard gift boxes for brands including BOMBAY SAPPHIRE® gin, DEWAR’S® White Label Blended Scotch whisky and MARTINI® sparkling wines. This move will cut the company’s use of cardboard by approximately 100 tons in the first year alone.

Where Bacardi continues to use paper and cardboard for its packaging, it is certified by the Programme for the Endorsement of Forest Certification (PEFC) or the Forest Stewardship Council® (FSC®).

“We are not standing still. We are constantly innovating. For more than 160 years, our iconic brands have reflected the changing tastes of each new generation of consumers. Today, consumers want drinks that are made in the most environmentally responsible way possible and so do we,” added Rodolfo.

Find out more about Bacardi and its ESG – Environmental, Social & Governance – commitments, including its alignment with the United Nations Sustainable Development Goals, at www.bacardilimited.com/good-spirited.

About Bacardi

Bacardi Limited, the largest privately held international spirits company, produces, markets, and distributes spirits and wines. The Bacardi Limited portfolio comprises more than 200 brands and labels, including BACARDÍ® rum, PATRÓN® tequila, GREY GOOSE® vodka, DEWAR’S® Blended Scotch whisky, BOMBAY SAPPHIRE® gin, MARTINI® vermouth and sparkling wines, CAZADORES® 100% blue agave tequila, and other leading and emerging brands including D’USSE® Cognac, ANGEL’S ENVY® American Straight whiskey, and ST-GERMAIN® elderflower liqueur. Founded more than 161 years ago in Santiago de Cuba, family-owned Bacardi Limited currently employs approximately 9,000, operates production facilities in 11 countries and territories, and sells its brands in more than 160 countries. Bacardi Limited refers to the Bacardi group of companies, including Bacardi International Limited. Visit www.bacardilimited.com or follow us on LinkedIn or Instagram.

Always drink responsibly.

 

 

 

Contacts

Media enquiries:
Andrew Carney, Corporate Communications Director, Bacardi, acarney@bacardi.com
Jessica Merz, VP Corporate Communications, Bacardi, jmerz@bacardi.com

 
 

Go Back

0 comments
 Posted in General

“AWNIC Achieves Positive S&P Rating Outlook Upgrade, Signalling Dynamic Growth”

Al Wathba National Insurance Co. (AWNIC), a trailblazer in the UAE insurance arena, proudly unveils a major milestone following the recent upward revision of its rating outlook by S&P Global Ratings. The outlook has ascended to POSITIVE from stable, affirming the company's 'BBB-' long-term issuer credit and insurer financial strength ratings.

Positive Shift in Financial Landscape

AWNIC's strategic financial maneuvers in 2023 have yielded a substantial reduction in its reliance on external funding, showcasing a commendable fortification of its financial risk profile. This strategic shift, coupled with the company's unwavering commitment to excellence, has garnered noteworthy recognition from S&P Global Ratings.

AWNIC maintains a robust financial stance, boasting exceptional capital adequacy even amid the challenges of a previously volatile period that has now been successfully navigated. This resilience is credited to the company's adept management of robust investment returns, laying the foundation for even more robust performance in the upcoming quarters.

Outlook Revisions and Affirmations

On November 14, 2023, S&P Global Ratings officially announced the positive adjustment of AWNIC's outlook from stable to positive. Simultaneously, the 'BBB-' long-term issuer credit and insurer financial strength ratings were resolutely affirmed, underscoring confidence in the company's financial prowess.

The positive outlook not only reflects current financial strength but also signals the prospect of an upgraded rating within the next two years, contingent upon AWNIC's continued demonstration of substantial growth in underwriting performance. The unwavering commitment to maintaining superior capital adequacy stands out as a pivotal factor propelling this positive trajectory.

Strategic Vision for the Future

Commenting on this significant achievement, Frederik Bisbjerg, CEO of Al Wathba National Insurance Co., expressed unwavering enthusiasm about the company's strategic direction. "This positive outlook from S&P Global Ratings is a testament to our dedication to sound financial practices and sets the stage for future triumphs. We are resolutely committed to continuous improvement, ensuring our customers and stakeholders not only experience unwavering reliability but also witness the unfolding of our dynamic growth journey."

About Al Wathba National Insurance Co.

Headquartered in Abu Dhabi, Al Wathba National Insurance Co. leverages 25+ years of expertise in serving the UAE insurance market. Our robust legacy is fortified by strategic alliances with top-rated international reinsurers, ensuring enduring financial stability.

AWNIC has earned recognition from the UAE Central Bank for Digital Transformation and Smart Services excellence in 2018 and 2019. Pioneering environmental responsibility, we were the first in the region to release an Environmental, Social, and Governance (ESG) report, showcasing our commitment to sustainable business practices.

Forbes Middle East acknowledged AWNIC as one of the most valuable companies in the Middle East in 2020. Additionally, we received the Silver Award from the Sheikh Khalifa Excellence Awards for our dedication to quality, operational excellence, digital transformation, and superior customer service.
With a current BBB- financial strength rating by S&P Global Ratings in 2023, AWNIC stands as a dependable insurance provider.


Permalink
https://aetoswire.com/en/news/awnic28112023en
Contacts
Anna Katrina Espiridion

g_management@awnic.com

Go Back

0 comments
 Posted in General

MIRAI JMAC & Royal Family Office of UAE Announce Formation of MIRAI Capital Global With Its First Tranche of USD 1.5 Billion Investment Fund for ASIA-USA-UAE Corridor

 

New global partnership is set up as a Global Multi-Feeder Fund founded as a Strategic Partnership with His Highness Sheikh Ahmed Bin Faisal Al-Qassimi, a member of the Royal family of Sharjah & Ras Al Khaimah from the United Arab Emirates

 

(BUSINESS WIRE)--MIRAI JMAC, a leading advisory and consulting firm, announced the creation of MIRAI Capital Global with an initial corpus of USD 1.5 Billion in a strategic partnership with the UAE Royal Family Office (RFO) of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. This marks a significant milestone for MIRAI JMAC in its journey to establish itself as a trusted advisor to several diversified Business Houses and Large Family Offices (LFOs) across the Middle East, Japan, India, South Asia, and US regions.

 

“I intend to build the biggest global partnership & investment vehicle for the world and enhance the visibility of my diversified portfolio via MIRAI Capital Global,” said H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. “I am committed to inspiring positive change and making a lasting impact on future generations through our innovative honeycomb approach. Join us as we bring together tomorrow's leaders to work towards a better world.”

 

“We aim to leverage the unique strengths and resources of both the RFO and entrepreneurial innovation to create a more interconnected and inclusive world with MIRAI Capital Global,” said Dunston Pereira, Group CEO of The Private Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi. “We are committed to fostering an environment that nurtures and amplifies the ambitions of entrepreneurs, while upholding the values of tradition, integrity, and responsibility that are synonymous with the Royal Family.”

 

Under the leadership of Mr. Pranav Jyoti, Chief Investment Officer for The Private Office of H.H. Sheikh Ahmed Bin Faisal Al-Qassimi, and also the regional Managing Director of the multifamily office advisory and royal office execution partner, MIRAI JMAC has advised over 100+ family offices in South East Asia and India, building business legacy and managing assets worth over USD 20 Billion since 2015. The firm is also one of the largest regional multi-family office and growth advisory firm, with strong clientele in over 10 cities in South East Asia, US, and Japan.

 

“Our goal at MIRAI JMAC to connect large family offices with strategic investment opportunities and MIRAI Capital Global is a culmination of that mission,” said Pranav Jyoti, Co-founder and Managing Director of MIRAI Capital Global. “Since 2018, UAE's family offices surged by 248%, exceeding 2,000 today. MIRAI JMAC facilitated their establishment in the UAE, aiding their core business expansion and partnerships with RFO. It is anticipated that these Offices may contribute 30% (USD 100 Billion) to start-up funding by 2025. At MIRAI Capital, we aim to harness this smart capital, becoming the top choice for entrepreneurs and fund managers seeking global expansion. We go beyond investing, embodying a team of builders, partnering with entrepreneurs to leverage MIRAI JMAC's vast network of CEOs and globally successful entrepreneurs ensuring impactful legacy creation and succession across various global regions.”

 

MIRAI Capital Global is co-founded by Pranav Jyoti and Puneet Pandit, a veteran tech executive and entrepreneur from Silicon Valley. Puneet will be Group CEO of MIRAI Capital Global and build a team of regional Managing Partners. The firm will be headquartered in Silicon Valley, California, and will have a multi-feeder fund structure spanning UAE, India, Japan, and South Asia. MIRAI Capital Global aims to bridge the Far East with the West, leveraging UAE as the fulcrum and using India and South East Asia as a consumption market.

 

MIRAI Capital Global investment focuses on “Fund-of-Funds” on Venture Capital and Private Equity entities that are eager to participate in the high growth markets of India and UAE and will lead investments in selective start-ups and additionally align project-based financing with venture debt opportunities in UAE & India. Specific industry focus will include AI & High Tech, Healthcare, Manufacturing, Real Estate & Infrastructure. The partnership with RFO will be pivotal in identifying opportunities aligned with our shared vision for sustainable growth and positive global impact on the UAE.

 

“MIRAI Capital Global is going to be a game changer with its multi-tiered feeder approach and strategic focus on connecting the booming economies of India and UAE with ground breaking innovations from the West,” said Puneet Pandit, Co-founder and Group CEO of MIRAI Capital Global. “We are betting big on Family Offices and serial entrepreneurs who are likely to impact the world via technology and AI-led innovation in the Silicon Valley along with the infrastructure and high consumption markets like India, Middle East and South East Asia. Our investment strategy will be defined by a data-driven approach, specialized sourcing capabilities, and an uncompromising commitment to meaningful collaboration with entrepreneurs.”

 

The following leaders will also assume specific roles as part of the MIRAI Capital Global team:

 

Vinoth Beemjee: With 15 years of experience in Real Estate and Infrastructure Investment, Vinoth is a highly skilled Senior Partner and Regional APAC Lead. His expertise in Strategy, Private Equity, and Venture Capital markets make him a valuable asset in identifying and pursuing investment opportunities. Vinoth's transformative leadership with EMBA from IIM Lucknow and NICMAR have enabled him to successfully turn around businesses. His sharp insights and visionary approach drive impactful collaborations, giving his team a competitive advantage in Private Equity and Real Estate Investment.

 

Dhilip Purushothaman: With 25 years of experience in Finance, Marketing, and Business Transformation, Dhilip is a highly accomplished leader serving as Managing Partner and Regional MEA Lead. He has worked across multiple sectors including banking, fintech, payments, and start-ups in the US, India, and the UAE. His impressive roles includes esteemed organizations such as BoA, Morgan Stanley, BNP Paribas, Emirates NBD, Discover Financial, and Amazon Pay. With MBA from University of Chicago Booth School of Business and Jamnalal Bajaj Institute of Management Studies, Dhilip's diverse expertise and extensive experience make him a highly influential leader.

 

Kiran Murthi: With 25 years of experience, Kiran is a highly skilled CEO serving as Managing Partner, Strategy & Operations. His core strengths lie in catalysing digital growth across industries such as B2B payment, E-commerce, media etc. He holds degrees from IIT Madras and IIM Bangalore. Kiran's specialty lies in empowering companies during their growth phases and developing effective online sales strategies. As a trusted advisor, Kiran continues to play a crucial role in shaping India's digital economy and guiding businesses towards global expansion.

 

MIRAI Capital Global garnered the trust of more than 100 Fortune Cos 500 CXOs and successful entrepreneurs who have personally invested through their family offices and dedicated valuable time to help build a global ecosystem of growth partnerships. This is made possible by leveraging the MIRAI JMAC’s execution capability and MIRAI Capital's unique honeycomb approach.

 

MIRAI Capital Global, via RFO, has built a strong pipeline of strategic opportunities that will ultimately build a bridge for the India–UAE–US corridor in 2024-25.

 

For more information on MIRAI Capital Global, visit www.miraicapital.global

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128835383/en/

 

 

Permalink

https://aetoswire.com/en/news/2911202336183

Contacts

Vinoth Beemjee

Vinoth@miraicapital.global

+91-95990-66829

Go Back

0 comments
 Posted in General

Chery's TIGGO 8 PRO MAX: A Technological Marvel Redefining Luxury Driving Now Available in the UAE

Chery's TIGGO 8 PRO MAX seamlessly integrates state-of-the-art technology into the essence of luxurious driving, solidifying its position as the pinnacle of the brand's flagship SUV. Meticulously crafted with Chery's core technology, this masterpiece embodies the essence of "Technology Chery" by integrating intelligent cabin features, highly efficient power, and a leading safety configuration.

Upon entering the TIGGO 8 PRO MAX, one is immediately captivated by the remarkable 24.6-inch duplex screen. Its integrated seamless design, curved structure, multi-touch capability, and smooth operation set the stage for an unparalleled user experience. Complementing this, the W-HUD head-up display function enhances driving safety by presenting vital information such as speed, dynamic ADAS, navigation, and phone details, allowing users to stay focused on the road.

This advanced SUV not only incorporates a 540° image function for a comprehensive view of the surroundings but also ensures seamless vehicle-to-phone connectivity through CarPlay and Android Auto. The 50W high-power wireless charging function, a standout feature in its class, adds practicality, with charging status displayed on the center control screen and a thoughtful reminder for forgotten phones. The intelligent voice control function takes convenience to new heights, enabling users to make calls, start music, and initiate navigation through simple voice commands, reducing distractions during driving.

Chery's commitment to technological advancement has been a cornerstone since its inception, with a primary focus on engine development. Boasting five R&D centers and a global team of over 10,000 talents, including core personnel from over 10 countries and renowned automotive manufacturers, Chery has accumulated more than 17,000 authorized patents. This track record has propelled Chery to the forefront of Chinese automotive exports for two decades, surpassing even century-old European and American brands.

In the "2022 China Initial Quality Study" conducted by J.D. Power, Chery secured the ninth spot among major automotive brands, with its TIGGO and ARRIZO families leading in their respective market segments. The accolades for the TIGGO 8 PRO MAX in 2022 include "Best SUV with the Advanced Technology of the Year" in Saudi Arabia, "Best Selling SUV" in Qatar, and "Best Mid-sized Crossover Vehicle" in the Philippines.

Embodying the essence of "technological luxury," the TIGGO 8 PRO MAX has garnered widespread acclaim globally. As Chery accelerates its internationalization strategy, the TIGGO 8 PRO MAX is set to reach more markets worldwide, inviting users to immerse themselves in the captivating allure of intelligent technology.

Establishing its footprint in the UAE market, Chery is dedicated to meeting the discerning preferences of local consumers by presenting a car that seamlessly combines advanced technology, quality craftsmanship, and outstanding performance. The exciting news is that starting December 2023, the TIGGO 8 PRO MAX will be available in the UAE, offering automotive enthusiasts and consumers the chance to experience a harmonious fusion of technological sophistication and luxurious features in their SUVs. Priced competitively starting at 98,500 AED, the TIGGO 8 PRO MAX underscores Chery's commitment to delivering an outstanding driving experience while ensuring accessibility for a wide range of consumers.

For more information and to explore the exciting features of the TIGGO 8 PRO MAX, visit www.cheryuae.com


Permalink
https://www.aetoswire.com/en/news/2911202336157
Contacts
Joy Hoyek

Joy.hoyek@boopin.com

Go Back

0 comments
 Posted in General

ASPIRE dévoile une voiture de course pour la Ligue de Course Autonome d’Abou Dhabi (A2RL)

Abou Dhabi, Émirats arabes unis - mardi, 28. novembre 2023


    La Ligue de Course Autonome d’Abou Dhabi organisera son premier événement en avril 2024
    A2RL présente une version améliorée de la voiture de course japonaise Super Formula SF23 avec une vitesse de pointe de 300 km/h
    Les tests de technologie autonome ont commencé avant la course inaugurale en avril 2024.

 

La Ligue de Course Autonome d’Abou Dhabi - A2RL, le plus grand défi d'ASPIRE, a dévoilé pour la première fois sa voiture de développement Super Formula SF23 autonome et hautement modifiée. Le premier aperçu de la voiture autonome s’est déroulé aux bureaux d’ASPIRE à Abou Dhabi, tout près du célèbre circuit Yas Marina, où se déroule actuellement le premier événement de la saison, le Grand Prix de Formule 1 d’Abou Dhabi 2023. A noter que le célèbre circuit Yas Marina est le même site où se déroulera l’édition inaugurale de l’A2RL en avril prochain.

 

Des journalistes de renommée mondiale, représentant les publications automobiles et de courses les plus réputées au monde, étaient également présents pour assister au dévoilement spectaculaire de la nouvelle voiture, ce qui renforce le statut de la voiture en tant que pionnière dans l'industrie du sport automobile.

 

En avril 2024, dix équipes venant de l’Amérique du Nord, d’Europe, des Émirats arabes unis et d’Asie s'affronteront pour revendiquer une part de la bourse de 2,25 millions de dollars américains.

 

L’objectif principal de la série est de stimuler l’innovation et le développement dans la technologie de conduite autonome, dans le but ultime d’améliorer la sécurité routière.

 

Développée par la société Dalarra, constructeur reconnu de voitures de course automobile, la nouvelle série exploite au mieux la voiture de course Super Formula SF23, avant-gardiste et incroyablement rapide. Toutes les voitures seront équipées d’un ensemble de capteurs, d’unités de contrôle et d’une fonctionnalité autonome de base.

 

La voiture autonome dévoilée aujourd’hui, sortie tout juste de la piste, venait de compléter avec succès une semaine de tests rigoureux. Les participants ont pu découvrir comment le vaste programme de tests d’A2RL est parvenu à affiner la plateforme de base SF23. Les tests comprennent la validation de plusieurs capteurs, modules de contrôle et logiciels de contrôle autonomes. Une fois finalisée, cette plateforme de base sera mise à la disposition des dix équipes participantes à la course inaugurale A2RL sur le circuit de Yas Marina le 28 avril 2024.

 

Son Excellence Faisal Al Bannai, secrétaire général du Conseil de recherche en technologies avancées, l'entité mère d'ASPIRE, a déclaré : « Nous allons profiter de cette opportunité excitante en utilisant les sports extrêmes pour réaliser des avancées techniques. A2RL représente un investissement significatif dans la construction d’un écosystème de mobilité autonome à Abou Dhabi. Son objectif est de démontrer la mise en œuvre sécurisée de véhicules autonomes et de favoriser de nouveaux investissements pour les fabricants d’équipements d’origine (OEM) pour encourager leur adoption généralisée, contribuant ainsi à améliorer la sécurité routière ».

 

Pour sa part, Stéphane Timpano, PDG d'ASPIRE, a commenté : « Nous sommes ravis de présenter la nouvelle voiture de course autonome participant à la course A2RL aux médias mondiaux. Ce fut une occasion passionnante de discuter de nos plus récents développements et tests, en mettant en vedette la motivation et les concurrents participants à la compétition. La course de l’A2RL est destinée à être un événement emblématique dans le monde des courses autonomes, permettant de déplacer l’attention des pilotes vers les ingénieurs, les scientifiques et les programmeurs brillants derrière les systèmes de course autonome ».

 

La première course A2RL se déroulera sur le circuit de Yas Marina en avril 2024.

 

Pour de plus amples informations, veuillez consulter le lien suivant : a2rl.io.

 

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Permalink
https://www.aetoswire.com/fr/news/2811202336111

Contacts

Jennifer Dewan, Directrice principale des communications

jennifer.dewan@tii.ae.


Christopher Foster, Directeur, Navigate Partners
christopher@navigate.partners

 

Go Back

0 comments
 Posted in General

Rocket Software to Acquire OpenText’s Application Modernization and Connectivity Business

WALTHAM, Mass. - Wednesday, 29. November 2023 AETOSWire Print 

Combined Entity Will Offer the Most Compelling Portfolio of Solutions to Support the World's Largest Companies in their Modernization and Hybrid Cloud Journeys

 

(BUSINESS WIRE)--Rocket Software, Inc. (“Rocket Software”), a global technology leader driving modernization for the world’s largest companies, today announced it has signed a definitive agreement to acquire the Application Modernization and Connectivity business (AMC) of OpenText (NASDAQ: OTEX), (TSX: OTEX), which was formerly part of Micro Focus. The total purchase price is $2.275B.

For decades, Rocket Software has been the partner solving complex IT challenges for the largest and most innovative organizations, across infrastructure, data, and applications. Rocket Software’s hybrid cloud strategy empowers customers to optimize their application portfolio wherever they are in their modernization journey, enabling them to bridge the gap to modern use cases without disrupting their mission-critical operations. This approach allows organizations to benefit from the mainframe's security and dependability while also taking advantage of powerful analytics tools in the cloud.

AMC has been a leader in application modernization for many years, providing industry-leading tools including COBOL and host connectivity. These tools enable organizations to leverage their core applications and offer flexibility for modernization, allowing them to run applications wherever they choose. With AMC, Rocket Software will have a more diverse modernization portfolio that aligns with customer demands, whether on-premises or through a hybrid cloud strategy.

Rocket Software's acquisition of AMC achieves five key strategic objectives, including:

Meeting organizations at any stage of their modernization journeys with a comprehensive product portfolio addressing all use cases, spanning from mainframe to hybrid workloads.
Enabling customers to derive value from their decades of investment in the core applications that run their business while also innovating and taking full advantage of new applications and technologies.
Solidifying Rocket Software as a leader in hybrid cloud, deepening current customer relationships and ensuring sustainable growth in the legacy enterprise IT market. The company is positioned not only to address immediate customer needs but also to guide customers through their modernization journey over time.
Extending and complementing Rocket Software’s industry-leading R&D expertise, fostering continuous innovation through the application of emerging technologies like generative AI.
Further strengthening Rocket Software's position as the partner of choice to meet industry and customer needs and deliver superior customer success.
“We are proud to be the preferred partner dedicated to meeting our customers at any point in their modernization journeys and minimizing unnecessary risk to their business operations,” said Milan Shetti, Rocket Software President and CEO. “For the many enterprise organizations who are built on the mainframe and ready to unlock opportunity using hybrid cloud, reality calls for a continuum with solutions and expertise that span both worlds. Welcoming the AMC business and its talented team to Rocket Software marks an extraordinary moment for the company, the market, and the thousands of organizations who share in our vision of making the best-of-both-worlds a reality.”

By combining Rocket Software’s industry-leading customer service with more resources to innovate, the company will be uniquely positioned in the market to not only meet customers’ immediate needs but also to help them transform over time. These deep customer relationships will strengthen retention, broaden cross-sell opportunities, and drive sustainable growth for the business.

Rocket Software intends to fund the acquisition with a combination of new cash equity from its existing shareholders, committed debt financing, and cash from its balance sheet. The debt financing is expected to include incremental senior secured term loans and new senior secured notes. Inclusive of expected synergies, the company expects the acquisition will be leverage neutral on a total leverage basis, but leveraging on a secured basis.

The deal is expected to close in Q2 2024 ending June 30, 2024, subject to receipt of applicable regulatory approvals and other customary closing conditions.

RBC Capital Markets, LLC, Barclays Capital Inc., Deutsche Bank Securities Inc., and UBS Securities LLC are serving as financial advisors to Rocket Software. Ernst & Young LLP served as Accounting Advisor to Rocket Software. Kirkland & Ellis LLP served as Legal Advisor to Rocket Software. Debt financing for the transaction will be provided by RBC Capital Markets, Barclays Capital, Deutsche Bank Securities, UBS Securities, Citigroup Global Markets, HSBC Securities, Mizuho Securities, and SMBC Nikko Securities.

About Rocket Software

Rocket Software partners with the largest enterprises, in all industries, to solve their most complex IT challenges, across infrastructure, data, and applications — with solutions that simplify, not disrupt their modernization journey. Trusted by over 10,000 customers, Rocket Software helps enterprises modernize in place with a hybrid cloud strategy, so they don’t need to re-platform or build from the ground up. The company’s 2,300 global employees work with customers to accelerate and optimize their modernization journey while meeting evolving market needs. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit www.RocketSoftware.com.

Cautionary Information Regarding Forward-Looking Statements

Some of the statements contained in this press release are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including, but not limited to, statements about the overall performance of the AMC business and the expected synergies from the acquisition and statements about the expected financing and closing date of the acquisition, including obtention of regulatory approvals and satisfaction of other customary closing conditions. These forward-looking statements are generally identified by the use of words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “should,” “target,” “will,” “would” and, in each case, their negative or other various or comparable terminology. These forward-looking statements reflect our views with respect to future events as of the date of this press release and are based on our current expectations, estimates, forecasts, projections, assumptions, beliefs and information. Although management believes that the expectations reflected in these forward-looking statements are reasonable, it can give no assurance that these expectations will prove to have been correct. All such forward-looking statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this press release. Such factors and risks include, but are not limited to, risks related to the receipt of regulatory approvals and satisfaction of the other closing conditions to close the acquisition; our ability to successfully obtain the expected financing for the acquisition; our ability to successfully integrate the AMC business and realize the expected synergies; and certain other risks. It is not possible to predict or identify all such risks. We expressly disclaim any obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments or otherwise, except as required by applicable law.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231126742174/en/


Permalink
https://www.aetoswire.com/en/news/2911202336161
Contacts
Media:
V2 Communications for Rocket Software
rocket@v2comms.com

Go Back

0 comments
 Posted in General

Vibrant Capital Partners Opens International Headquarters in Abu Dhabi

ABU DHABI, United Arab Emirates - Tuesday, 28. November 2023

Granted Category 3C License in ADGM

(BUSINESS WIRE) -- Vibrant Capital Partners (“Vibrant” or the “Firm”), a leading alternative credit investment manager with approximately USD8 billion in assets under management, today announced the opening of its office at Abu Dhabi Global Market (“ADGM”), the international financial centre of the capital of the United Arab Emirates (“UAE”).

Vibrant, through its wholly-owned affiliate, Vibrant Capital Partners International Ltd, has been granted a Financial Services Permission from ADGM’s Financial Services Regulatory Authority to conduct Regulated Activities under prudential Category 3C. The license enables Vibrant to manage a collective investment fund, advise on investments or credit and arrange deals in investments.

The ADGM office will serve as Vibrant’s international headquarters and reaffirms the Firm’s commitment to the UAE and broader Middle East region. The office is led by Volkan Kurtas, Vibrant’s Founder and Chief Investment Officer, and Alex Nerguizian, Managing Director, who will serve as Senior Executive Officer of the ADGM office. Messrs. Kurtas and Nerguizian will draw upon the deep experience, track record, and resources that the Vibrant team has developed since its inception in 2006.

Mr. Kurtas said, “We are thrilled to establish our presence at ADGM, which is the ideal base for Vibrant to lead our international expansion plans. Moreover, over the course of two decades, we have witnessed CLOs and other securitized credit products grow from niche asset classes into critical capital market sectors. We are excited by the opportunity to apply our deep expertise and access in structured credit to help build a robust securitization ecosystem out of ADGM. We believe this would be to the benefit of financial markets in Abu Dhabi, the UAE, and the region at large for years to come.”

Mr. Nerguizian added, “The UAE and broader GCC are home to some of the world’s most sophisticated institutional investors, and, as someone who was born and raised in the UAE, it is gratifying to see the region playing such a pivotal role in global financial markets. ADGM has cemented itself as a preferred destination for asset managers thanks to its dynamic business environment and solid legal framework. The opening of Vibrant’s international headquarters at ADGM is a significant milestone as we continue to expand our capabilities to best meet the evolving needs of existing and new clients and counterparties.”

Arvind Ramamurthy, Chief of Market Development at ADGM, said, “We welcome Vibrant Capital Partners to ADGM’s ecosystem. We are confident that ADGM’s dynamic ecosystem and progressive regulations will fortify Vibrant Capital Partners’ vision, supporting them in adding value to the region’s financial markets, and contributing to the continuous development of Abu Dhabi's buzzing financial landscape and its strategic value to global finance. We look forward to witnessing the positive impact of Vibrant Capital Partners’ expertise in contributing to the growth and development of the financial ecosystem in Abu Dhabi and beyond.”

About Vibrant Capital Partners
Founded in 2006, Vibrant Capital Partners is a leading New York-based alternative credit investment management firm. The firm is majority employee-owned and manages approximately USD8 billion in structured and corporate credit assets as of October 2023. The firm serves institutional investors including pensions, family offices and insurance companies globally. For more information, please visit www.vibrantcapitalpartners.com.

About Abu Dhabi Global Market (ADGM)
Abu Dhabi Global Market (ADGM) is the international financial centre (IFC) of the capital city of the United Arab Emirates, which opened for business on 21st October 2015. ADGM augments Abu Dhabi’s position as a leading financial centre and a business hub serving as a strategic link between the growing economies of the Middle East, Africa and South Asia and the rest of the world.

Operating within an international regulatory framework based on direct application of The English Common Law, ADGM governs the entire Al Maryah Island and Al Reem Island which is designated as the financial free zone of Abu Dhabi.

ADGM is ranked as one of the most preferred top IFCs in the Middle East and Africa region and named MENA’s largest Fintech hub. Its progressive and inclusive business ecosystem gravitates toward global financial and non-financial institutions while leveraging synergies between ADGM and multiple jurisdictions positioned as one of the world’s most advanced, diverse and progressively governed financial hubs.

For more details on ADGM, please visit www.adgm.com or follow us on Twitter and Instagram: @adglobalmarket and LinkedIn: @Abu Dhabi Global Market (ADGM)

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231127271684/en/


Permalink
https://www.aetoswire.com/en/news/2811202336110
Contacts
Media
For Vibrant:
Amanda Shpiner/Sam Fisher
Gasthalter & Co.
+1 (212) 257-4170
Vibrant@gasthalter.com

For ADGM:
Kaja Mohesen, media@adgm.com

 

Go Back

0 comments
 Posted in General

NetApp and AWS Deliver a Nine Times Performance Increase for Amazon FSx for NetApp ONTAP

New FSx for ONTAP scale-out file systems help organizations migrate or extend high-performance data-intensive workloads to the cloud

 

(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), the intelligent data infrastructure company, announced at re:Invent, scale-out FSx for ONTAP® file systems through its collaboration with AWS. Scale-out file systems offer up to nine times higher storage performance compared to existing file systems, enabling customers to run high-performance applications on AWS more quickly and efficiently.

FSx for ONTAP enables customers to use ONTAP’s data management features for a wide variety of workloads, such as user and application file shares, relational databases (SAP HANA), data stores for VMware cloud on AWS and backup and disaster recovery. With the new enhancements, customers can now use FSx for ONTAP for a broader range of higher-performance use cases, such as high-performance computing (HPC), electronic design automation (EDA), visual effects (VFX) and film editing, life sciences, seismic analysis, machine learning, and generative AI.

Organizations of all sizes are migrating on-premises workloads to AWS or deploying cloud native workloads to accelerate innovation, increase agility, improve security, and reduce costs. With FSx for ONTAP, customers have access to the full range of ONTAP features. These include multi-protocol access to data, point-in-time and space efficient Snapshot™ copies and replication for data protection, thin cloning for operational and cost efficiency and data tiering, deduplication and compression for improved cost savings. Scale-out file systems extend all these benefits with improved performance and capacity scalability.

A single Amazon FSx for NetApp ONTAP scaled-out file system can deliver up to 36GB per second of throughput and 1.2 million SSD input/output operations per second (IOPS) - a nine times improvement in performance from today’s 4GB per second throughput and 160,000 SSD IOPS limit. Up to six pairs of file servers, each providing up to 6GB per second throughput and 200,000 SSD IOPS at sub-millisecond file operation latencies, operate as one single storage cluster. Compute applications benefit from the higher aggregate performance and a single petabyte scale namespace simplifying management of large datasets within a single storage system. Customers can easily lift and shift, extend or deploy new high-performance workloads on AWS, while leveraging ONTAP’s data management features along with AWS’s agility, scalability, and security.

“To keep up with the current pace of innovation, especially in areas requiring vast data-processing, organizations need scalable storage that can serve as a strong foundation for their high-performance computing workloads,” said Ronen Schwartz, Senior Vice President and General Manager, Cloud Storage at NetApp. “Our focus with these new capabilities centers on increasing performance and scale for these innovative workloads while maintaining the strong data management capabilities in areas such as data lifecycle, backup, data recovery, and data movement that power Amazon FSx for NetApp ONTAP. With these new capabilities, more customers can leverage our market-leading data management and security capabilities as they look to the cloud to scale operations or quickly adapt to changing market conditions.”

“Customers are increasingly running and scaling compute-intensive workloads in AWS—leveraging AWS’s broad selection of analytics, AI, and ML services and virtually unlimited infrastructure to gain insights faster and accelerate innovation,” said Edward Naim, General Manager of File Storage at AWS. “With scale-out FSx for ONTAP file systems, customers can now bring and run their most compute-intensive ONTAP workloads to AWS without needing to change how they manage their data.”

“Keeping pace with the rapid rate of cloud innovation requires agile, performant and secure solutions,” said David Miller, Senior Director & Fellow, IT Architecture at Arm. “In testing the new Amazon FSx for NetApp ONTAP, we’re successfully leveraging the benefits of the cloud to unlock a new set of scale-out storage capabilities and higher performance for our internal HPC workloads.”

The latest capabilities open new use cases for NetApp and AWS partners to help customers take full advantage of Amazon FSx for NetApp ONTAP to accelerate workload migration to AWS or deploy new compute and data-intensive applications in AWS for improved business efficiency and agility.

“Today's organizations require agility and innovation to deliver seamless digital experiences—anytime, anywhere,” said Juan Orlandini, CTO North America at Insight Enterprises. “A very common gating factor to transformation is the sheer volume of data and the speed at which that data needs to be processed. The performance and scalability enhancements of Amazon FSx for NetApp ONTAP will enable our customers in top industries like energy, healthcare, retail, and transportation to optimize their generative AI, chip design simulation, statistical computing, analytics edge computing, and high-performance computing workloads.”

Amazon FSx for NetApp ONTAP scale-out capabilities are now available in the following AWS regions: US East (Ohio, North Virginia); US West (Oregon); Europe (Ireland); and Asia Pacific (Sydney).

About NetApp

NetApp is the intelligent data infrastructure company combining unified data storage, integrated data services, and CloudOps solutions to turn a world of disruption into opportunity for every customer. NetApp creates silo-free infrastructure, then harnesses observability and AI, to enable the best data management. As the only enterprise-grade storage service natively embedded in the world’s biggest clouds, our data storage delivers seamless flexibility and our data services create a data advantage through superior cyber-resilience, governance, and applications agility. Our CloudOps solutions provide continuous optimization of performance and efficiency through observability and AI. No matter the data type, workload or environment, transform your data infrastructure to realize your business possibilities with NetApp. Learn more at www.netapp.com or follow us on X, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

Additional Resources

Amazon FSx for NetApp ONTAP: What’s New at AWS re:Invent 2023 (blog)
New Scale Out File Systems for Amazon FSx for NetApp ONTAP (blog)
What’s New: Amazon FSx NetApp ONTAP Scale-Out File Systems (blog)
NetApp ONTAP (webpage)
The Total Economic ImpactTM of Amazon FSx for NetApp ONTAP
Tactical Buyer’s Guide for Amazon FSx for NetApp ONTAP
 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231128533951/en/


Permalink
https://www.aetoswire.com/en/news/2911202336160
Contacts
Media Contact: 
Kenya Hayes 
NetApp 
kenya.hayes@netapp.com

Investor Contact: 
Kris Newton 
NetApp 
kris.newton@netapp.com 

Go Back

0 comments
 Posted in General

Huawei Unveils Joint Fellowship With ITU, Makes Strides in Digital Inclusion

DONGGUAN, Chine - Wednesday, 29. November 2023

90 million people connected under Huawei's pledge to ITU's Partner2Connect Digital Coalition

(BUSINESS WIRE)-- Huawei announced it has already brought connectivity to 90 million people in remote regions in nearly 80 countries following its pledge to the International Telecommunication Union's (ITU) Partner2Connect (P2C) Digital Coalition. The announcement was made as part of Huawei's first progress report since joining the Coalition last year.

Dr. Liang Hua, Chairman of the Board of Huawei, made the announcement at the company's 2023 Sustainability Forum, which is themed "Thriving Together with Tech: Realizing Sustainable Development." In addition to, Doreen Bogdan-Martin, the Secretary-General of ITU; Jeffrey Sachs, President of the UN Sustainable Development Solutions Network and Commissioner of the UN Broadband Commission for Development; as well as representatives from telecommunications ministries and regulators, including some from Pakistan and Ghana. Participants examined the ways in which digital infrastructure can facilitate sustainable development and contribute to the construction of an intelligent world that is both greener and more inclusive.

"Next-generation digital infrastructure, such as connectivity and computing power, are as vital to driving socio-economic development as our physical infrastructure, just like roads. This new infrastructure will be essential to the sustainable development for all of society," Dr. Liang said. "Computing is a core driver of productivity in the digital economy. Faster rollout of computing infrastructure will help speed up digital transition in many industries, and promote deeper integration of the digital and real economies. This can further promote global economic stability and sustainable development."

Further adding to Dr. Liang's comment, Doreen Bogdan-Martin, the Secretary-General of ITU, said: "We should not make a trade-off between sustainable development and technology. We require both ! Let's thrive together with tech. Let's construct a digital future that propels human and environmental progress forward."

Huawei firmly believes digital talent is key to future technological innovation. To foster more widespread digital engagement and develop future leaders, the company has deepened its partnership with ITU by launching a fellowship known as the "ITU Generation Connect Young Leadership Programme in Partnership with Huawei".

The fellowship will be open for applications early next year and will last three years. Each year, 30 young visionaries (aged 18-28) from around the world will receive support in their projects to use digital technology to drive community development.

Jeff Wang, President of Huawei's Public Affairs and Communications Department, noted: "Huawei is proud to partner with ITU for this important cause, and to witness the concrete progress that young visionaries are making toward global digital inclusion. The support that participants will receive includes financial contributions to their projects, mentoring from ITU and Huawei experts, and opportunities to participate in joint events."

"Through ITU and Huawei's joint efforts, young people will learn, contribute and lead in the digital world," stated Dr Cosmas Luckyson Zavazava, Director of ITU's Telecommunication Development Bureau. "Digital is a prerequisite for accelerating the achievement of the SDGs. We encourage youth to push the boundaries of the expanding global digital ecosystem and make transformative contributions. I am grateful to Huawei for this great cooperation, and I am looking forward to the global impact of this innovative project."

The P2C Coalition, launched by ITU, fosters meaningful connectivity and digital transformation globally, prioritizing remote communities in countries and regions that lack digital access. Huawei signed the global commitment last year, with the objective of connecting 120 million people in remote areas across more than 80 countries by 2025. In collaboration with local ministries and universities, Huawei has already provided 2,066 training opportunities in Cambodia, the ITU's first P2C partner country.

View source version on businesswire.com: https://www.businesswire.com/news/home/20231129786207/en/

 

Permalink
https://www.aetoswire.com/en/news/2911202336187

Contacts

Press Contact:
Inés Bousquet
ib@35nord.com
0659659540

 

Go Back

0 comments
 Posted in General

Thailand's Ultimate Festive Experience: 'The Great Celebration 2024' with Pokémon Delight

Bangkok, Thailand - Wednesday, 29. November 2023

Central Village Bangkok Luxury Outlet invites enthusiasts of joy and merriment to immerse themselves in the world-class festive phenomenon of 'The Great Celebration 2024' campaign. In collaboration with global partner 'The Pokémon Company,' Central Village proudly introduces the beloved Pokémon characters, captivating the hearts of both Thai and international fans alike.

The grand campaign launch promises an enchanting spectacle as Central Village unveils a captivating procession of the adorable 'Pikachu,' making its inaugural appearance in Thailand. Running from 1 November 2023 to 7 January 2024, 'The Great Celebration 2024' beckons one and all to revel in 'The World of Pokémon' through an array of unique decorations and engaging activities.

Highlights of the Event:

Pokémon Outbreak Takeover: Embark on the largest Pokémon Outbreak Takeover in Southeast Asia, spreading happiness across Thailand, complemented by the enchanting 'Journey of Joy Decorations.'

Pikachu Thunderbolt Christmas Trees: Witness the inaugural illumination of Pikachu Thunderbolt Christmas Trees, casting a radiant glow of happiness over Central Village for the first time in Thailand.

Collector's Delight: Enthusiasts, seize the opportunity to acquire exclusive Pokémon Happy Holidays items specially crafted for this campaign, including a 2-in-1 pillow blanket, tumbler, travel bag set, and keychain.

Tourist Special Promotions at Central Village:

Get Free! Tourist Welcome Package: Enjoy a complimentary tourist welcome discount package valued up to THB 10,000.

Spend and Receive: Receive a THB 100 Gift voucher with every purchase exceeding THB 2,500 per receipt.

Exclusive 'Happy Holiday Collections' Pricing: Collectors can avail themselves of special prices on Pokémon 2-in-1 pillow blankets, tumblers, travel bag sets, and keychains. Visit the redemption counter for pricing details.

Grab Users Exclusive: Grab users enjoy an exclusive discount code of up to 25% off when traveling to participating Central Shopping Centers.

Prepare to be captivated as 'The Great Celebration 2024' unfolds, promising a fusion of Pokémon magic and festive cheer at Central Village Bangkok Luxury Outlet. Join us in celebrating every moment of happiness!

About Central Village:

Nestled just ten minutes away from Suvarnabhumi Airport, Central Village Bangkok, Thailand’s premier luxury outlet, offers a convenient haven for international travelers. Whether arriving or departing, visitors can seamlessly experience the allure of Central Village. For those in Bangkok's Central Business District (CBD), the Shuttle Bus service, priced at only THB 100 for a single person, is the most convenient route. The pick-up and drop-off location is at Central World, the renowned lifestyle and shopping destination in Bangkok.

Central Village Bangkok guarantees an unparalleled shopping adventure, boasting exquisite design, unbeatable value, and an extensive range of over 300 international and local brands with daily discounts of up to 70%. Luxury brands such as COACH, KATE SPADE NEW YORK, KENZO, MARIMEKKO, MICHAEL KORS, OUTLET BY CLUB21, SALVATORE FERRAGAMO, ZEGNA, and more await discerning shoppers.

Beyond shopping, Central Village captivates visitors with its stunning architecture reminiscent of traditional Thai villages. The outlet mall features distinct villages, each exuding unique charm, including Wooden Village, Metal Village, Porcelain Village, and Royal Village. Carefully curated Thai elements, such as giant porcelain jars and round bamboo baskets, enhance the mall's allure, creating a picturesque haven for photography enthusiasts. Experience the perfect blend of Pokémon magic and luxury shopping at Central Village Bangkok.

Permalink
https://www.aetoswire.com/en/news/2911202336155

Contacts

Rebecca Travasso

rebecca@mediarepublic.biz

 

Go Back

0 comments
 Posted in General

Veracode Revolutionizes Cloud-Native Security with Dynamic Duo: DAST Essentials and Veracode GitHub App

 

Intelligent Software Security Leader Unveils Unified Defense Against Threats from Code to Cloud at AWS re:Invent 2023

 

(BUSINESS WIRE) -- AWS re:Invent booth #270 – Veracode, a global leader in intelligent software security, today announced product innovations to enhance the developer experience. The new features integrate security into the software development lifecycle (SDLC) and drive adoption of application security techniques in the environments where developers work.

 

According to a recent study by analyst firm IDC, 84 percent of organizations say developer acceptance of security tooling is the “most important requirement” or a “very important requirement” for DevSecOps adoption.¹ Veracode’s latest innovations redefine the approach to securing cloud-native applications throughout the SDLC, reinforcing the company’s commitment to providing a unified platform for comprehensive security risk management.

 

Brian Roche, Chief Product Officer at Veracode said, “Developers face immense pressure to rapidly deliver innovations, often resorting to mechanisms such as LLMs and open source to expedite the process. Unfortunately, this approach can result in insecure code consumption and solutions that exacerbate security risks rather than mitigate them. The situation is compounded by existing security tools that add complexity rather than simplifying the process for developers.

 

Veracode addresses this challenge by providing a unified platform that not only monitors and mitigates risk but also streamlines developer workflows across repositories, IDEs, and the cloud. By delivering developer-friendly security tools, we empower organizations to deliver secure software faster, eliminating the need to compromise between security and speed.”

 

The Next Frontier: DAST Essentials

 

In a world where web applications account for 60 percent of breaches² and API attacks skyrocketed by 137 percent in 2022,³ ensuring cloud-native applications are sufficiently protected and continuously monitored is paramount. Dynamic scanning analyzes live runtime systems using real-world attack methods in a safe environment and can be performed in a pre-production environment—within the SDLC. Traditional point solutions fall short and often don’t offer the scalability and flexibility required by growing organizations. In contrast, Veracode’s DAST Essentials is an agile solution that empowers developers and security teams to address risk easily at speed and scale.

 

"As organizations continue to grapple with the challenge of securing an ever-expanding attack surface, the need for comprehensive solutions is undeniable. Balancing speed of development with robust security is a daunting task, hindered by the time-consuming nature of regular dynamic scans and the disconnect between development and security teams," said Katie Norton, senior research analyst, DevOps and DevSecOps, at IDC. "Solutions, like Veracode DAST Essentials, that are integrated and reduce friction for developers can help to accelerate secure software development, unify remediation efforts, and empower organizations to strengthen their defenses in the evolving cybersecurity landscape.”

 

With one of lowest customer-reported false-positive rates (below five percent), Veracode DAST Essentials scans and tests multiple web applications and APIs (Application Programming Interfaces) simultaneously. Veracode’s State of Software Security research found 80 percent of web applications have critical vulnerabilities that can only be identified through dynamic scanning. This emphasizes the critical role DAST (Dynamic Application Security Testing) plays in a robust application security program, ensuring organizations can address exploitable vulnerabilities in cloud-native software accurately and swiftly.

 

Supply chain solutions specialist, Manhattan Associates, chose to partner with Veracode on its dynamic analysis and cloud-native security program. Rob Thomas, Executive Vice President, Research & Development and Cloud Operations at Manhattan Associates, said, “Veracode’s tenure in the industry and the fact that they are cloud-based means they can continually deliver new innovation. Having a cloud-native partner like Veracode enables us to scan our software continuously so we have real-time confidence that our solution is as safe as possible.”

 

Enhancing Developer Workflows: Veracode GitHub App

 

Veracode understands the challenges developers face in adopting cloud-native security measures without disrupting their workflows. The Veracode GitHub App facilitates developer adoption, allowing application security teams to configure once and seamlessly onboard developers. This integration enables developers to fix code quickly in the environments where they work with a single tool for static, software composition analysis (SCA), and container security scanning. The result is a faster, frictionless development process that doesn’t compromise security.

 

Enhanced Repo Scanning

 

Scanning cloud-native applications for the first time is often a manual, complex and frustrating process. The Veracode GitHub App simplifies this by providing developers with frustration-free scan results in their preferred environment. DevOps teams can easily onboard repositories without manual setup, maintaining development velocity and streamlining scan processes. With the ability to standardize scan configurations across hundreds of repositories using a single click, DevOps teams can reduce friction and integrate cloud-native security much earlier in the development cycle.

 

Roche closed, “Ensuring the security of cloud-native applications has never been more crucial. Developers are assembling code just as much as they’re writing it, meaning even the most meticulously built applications are susceptible to threat. To protect the software supply chain, modern application development demands a paradigm shift in security practices. As distributed cloud app development methods take hold, these latest product innovations demonstrate Veracode is embracing the dynamic nature of the cloud-native landscape to lead the charge in securing our digital future."

 

This announcement follows the launch earlier this year of AI-powered remediation engine, Veracode Fix, which was named one of the 20 Hottest Cybersecurity Products and most interesting products to see at RSA Conference 2023.

 

AWS re:Invent Unveiling

 

The market availability of all these capabilities will be announced at AWS re:Invent 2023, November 27th to December 1st in Las Vegas, Nevada.

 

Visit booth #270 at AWS re:Invent to find out more about Veracode’s intelligent software security platform innovations, including Veracode DAST Essentials, Veracode GitHub App, and Veracode Fix.

 

-END-

 

¹ IDC, “DevSecOps Adoption, Techniques, and Tools Survey, 2023,” Katie Norton and Jim Mercer, May 2023

² Verizon, “2023 Data Breach Investigations Report,” June 2023

³ Akamai, State of the Internet (SOTI) report, April 2023

 

About Veracode

 

Veracode is intelligent software security. The Veracode Software Security Platform continuously finds flaws and vulnerabilities at every stage of the modern software development lifecycle. Using powerful AI trained on a carefully curated, trusted dataset from experience analyzing trillions of lines of code, Veracode customers fix flaws faster with high accuracy. Trusted by security teams, developers, and business leaders from thousands of the world’s leading organizations, Veracode is the pioneer, continuing to redefine what intelligent software security means.

 

Learn more at www.veracode.com, on the Veracode blog, and on LinkedIn and Twitter.

 

Copyright © 2023 Veracode, Inc. All rights reserved. Veracode is a registered trademark of Veracode, Inc. in the United States and may be registered in certain other jurisdictions. All other product names, brands or logos belong to their respective holders. All other trademarks cited herein are property of their respective owners.

 

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231127125661/en/

 

 

Permalink

https://aetoswire.com/en/news/2711202336097

Contacts

For more information, please contact:

Katy Gwilliam

kgwilliam@veracode.com

Go Back

0 comments
 Posted in General

QNET’s Swiss Luxury Brand Bernhard H Mayer Unveils New Jewellery Collection

Dubai, United Arab Emirates - Tuesday, 28. November 2023

QNET, a global wellness and lifestyle-focused direct-selling company, announced the launch of the Embracelet collection under its luxury Swiss watch and jewellery brand, Bernhard H. Mayer. The new Bernhard H Mayer Embracelet collection is a line of exquisite bracelets designed to celebrate each unique chapter in the unfolding story of your life.

The collection’s elegant gold-and-gem encrusted bracelets embody a modern approach to classic and timeless designs that showcase Bernhard H. Mayer’s tradition of precision and craftsmanship perfected over more than 150 years.

Reflecting QNET’s impressive portfolio of products engineered to empower people to take charge of their life, each piece in the Embracelet collection is carefully designed to create a stunning look on its own. But they can also be mixed and matched to allow the wearer’s personalised aesthetic to shine through.

Discussing the inspiration behind the new collection, QNET Deputy Chairperson Malou Caluza says, “Jewellery is a very personal expression. It should reflect an individual’s distinctive personality which is shaped by their life experiences. The master designers and craftsmen from the Mayer atelier outdid themselves with this collection, showcasing their unparalleled skills and expertise to create pieces that capture the uniqueness of the person wearing them.”

The new collection features four luxury pieces: The delicate Pink Amethyst bracelet features diamonds and rose-hued amethysts to capture the first blush of youthful romance. A string of breathtaking flower-cut diamonds set against white gold gives the Diamond bracelet its regal allure. The brilliant Swiss Blue Topaz bracelet is supported by a cast of dazzling diamonds, creating a refined and polished presence.  Finally, for a whimsical and playful choice, the Amethyst bracelet skilfully combines the joyful glitter of amethyst, white topaz, and diamonds.

QNET is also expanding Bernhard H. Mayer’s popular Pearl Icons collection, which features Akoya pearls, prized for their perfect shape, excellent lustre, and remarkable colour consistency.

Bernhard H. Mayer has crafted two new fashionable pieces for this collection. The enchanting Greta Ring flaunts an exquisite spiral of yellow gold crowned by a majestic, white Akoya pearl. Worn on its own, this unique ring makes a dramatic statement. But it also elegantly pairs with accompanying pieces from the Pearl Icons collection, including the charming new Greta Necklace, which features gleaming white Akoya pearls intricately spaced along a stunning yellow gold strand.

Commenting on the luxury portfolio of products, Caluza added, “Whether celebrating a graduation, work promotion, engagement, or anniversary, there is a Bernhard H. Mayer piece that will make the perfect gift to help you commemorate life’s unique milestones.”

About QNET

QNET is a prominent lifestyle and wellness company that uses a direct selling business model to offer a wide selection of exclusive products that enable individuals to embrace a healthier, more balanced life. Established in 1998, QNET marks 25 years of making an impact around the world through its product offerings and e-commerce-powered business model, in 2023.

QNET proudly holds memberships in the Direct Selling Association in several countries, the Hong Kong Health Food Association, the Health Supplements Industry Association of Singapore, and more. QNET is also active in several global sports sponsorships including in its role as the official direct selling partner of the Manchester City Football Club and the Confederation of African Football (CAF), underscoring its commitment to excellence and global reach. 

To learn more about QNET and its mission of RYTHM – Raise Yourself To Help Mankind, please visit www.qnet.net.

Permalink
https://www.aetoswire.com/en/news/2811202336122

Contacts

For media queries, please contact:

Mayukh Sikdar

Watermelon Communications

Dubai, U.A.E.

+971 4 283 3655

mayukh@watermelonme.com

Go Back

0 comments
 Posted in General

Grand Celebration: ValueMentor Marks Nine Years of Cybersecurity Excellence at the Annual Awards 2023

 

ValueMentor, a stalwart in the cybersecurity domain, recently concluded a two-day extravaganza, the ValueMentor Annual Awards 2023, in Dubai, marking a majestic celebration of their nine years of unparalleled achievements in the realms of cybersecurity and data privacy.

 

Stepping into the 10th Year of Relentless Cyber Security Service in UAE

 

The event commenced with a recounting of the illustrious journey from the inception of ValueMentor almost a decade ago. Binoy Koonammavu, the visionary Founder, spearheaded this journey, identifying and addressing gaps in cybersecurity consulting services. Over this period ValueMentor has successfully delivered cybersecurity solutions, addressing more than 2500 types of cyber threats and vulnerabilities in the UAE. ValueMentor has maintained among the best client retention rate that the industry has witnessed over the past nine years highlighting the trust clients place in the company's cybersecurity solutions. "As we embark on our 10th year, I'm profoundly grateful for the unwavering support of our customers, whose trust has been the bedrock of our success. This milestone marks not just a celebration of our journey so far, but a recommitment to innovation, excellence, and serving you with even greater dedication in the years ahead." - Binoy Koonammavu, Founder & Global CEO

 

CXO Safe Space: Fireside Chat on Navigating Future Threats

 

The summit reached its zenith with the 'CXO Safe Space,' an enlightening fireside chat moderated by CEO-Middle East Paul Mathew. Discussions delved into fortifying defences against emerging threats, embracing cutting-edge technologies, and the intersection of compliance, automation, and diversity in ensuring true resilience.

 

Unveiling the Future: Launch of Encyb and Duture

 

Amidst the grandeur, ValueMentor unveiled two groundbreaking ventures, 'Encyb' and 'Duture.' The former focuses on developing cutting-edge proprietary products in collaboration with industry OEMs, while the latter aims to be a transformative force in Automation, Artificial Intelligence, Cloud, Analytics, and Digital implementation. Binoy Koonammavu emphasized, "With Encyb and Duture, we are driving change, shaping the future of cybersecurity and digital innovation."

 

Inclusive Initiative: ValueMentor First Family - Redefining Cybersecurity

 

In a pioneering move, ValueMentor, led by Co-founder Angela Maria, launched the 'ValueMentor First Family' initiative, extending cybersecurity awareness to the families of its exclusive patrons. Angela expressed the initiative's significance, "Cybersecurity starts at home, and by including families, we foster a holistic approach to digital safety."

 

Continued Commitment: Safeguarding the Digital World

 

Reflecting on nine years of cybersecurity excellence, ValueMentor remains unwavering in its mission to safeguard the digital world. This grand event underscored the critical role cybersecurity plays in our interconnected, digital lives.

 

About ValueMentor

 

ValueMentor is a leading cybersecurity firm dedicated to delivering innovative solutions for a secure digital future. With nine years of experience, the company remains at the forefront of cybersecurity excellence, providing comprehensive services and expertise to meet the evolving challenges of the digital landscape. For more information, visit www.valuementor.com.

 

 

Permalink

https://aetoswire.com/en/news/2811202336119

Contacts

Melwyn Abraham 

melwyn@matrixdubai.com

Go Back

0 comments
 Posted in General

Kenvue to Participate in the Morgan Stanley Global Consumer & Retail Conference on December 6, 2023

(BUSINESS WIRE)--Kenvue Inc. (NYSE: KVUE) (“Kenvue”), the world’s largest pure-play consumer health company by revenue, today announced the company’s participation in Morgan Stanley’s Global Consumer & Retail Conference, in New York. Chief Executive Officer and Director, Thibaut Mongon, and Chief Financial Officer, Paul Ruh, will participate in a fireside chat on Wednesday, December 6, 2023 at 11:45 a.m. Eastern Time. A live webcast of the session will be available at https://investors.kenvue.com and a replay will be available on the website following the event.

About Kenvue

Kenvue is the world’s largest pure-play consumer health company by revenue. Built on more than a century of heritage, our iconic brands, including Aveeno®, BAND-AID® Brand Adhesive Bandages, Johnson’s®, Listerine®, Neutrogena® and Tylenol®, are science-backed and recommended by healthcare professionals around the world. At Kenvue, we believe in the extraordinary power of everyday care and our teams work every day to put that power in consumers’ hands and earn a place in their hearts and homes. Learn more at www.kenvue.com.

 

View source version on businesswire.com: https://www.businesswire.com/news/home/20231127840443/en/


Permalink
https://www.aetoswire.com/en/news/2811202336126
Contacts
Investor Relations:
Tina Romani
Kenvue_IR@kenvue.com

Media Relations:
Melissa Witt
media@kenvue.com

Go Back

0 comments
 Posted in General
20 blog posts
« Newer |

Blog Search

Blog Archive

Comments

There are currently no blog comments.