Category: Artificial Intelligence

MIL-OSI: Introducing Commerce, the New Parent Brand of BigCommerce, Feedonomics and Makeswift, Powering an AI-Driven Future
Source: GlobeNewswire (MIL-OSI)

Commerce’s open, intelligent ecosystem connects the tools and systems that drive growth and empower businesses to unlock data potential and deliver seamless, personalized experiences at scale

Commerce unveils unified AI vision to enable every merchant to thrive in the agentic commerce era

AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) — BigCommerce Holdings, Inc. (Nasdaq: BIGC), a leading open SaaS ecommerce platform for B2C and B2B businesses, today announced the launch of its new parent brand, Commerce, and that it has officially changed its corporate name to Commerce.com, Inc. (“Commerce” or the “Company”), unifying BigCommerce, Feedonomics and Makeswift to power the next era of agentic commerce. In connection with the name change and rebranding, effective on or about August 1, 2025, the Company’s common stock will begin trading on the Nasdaq Global Market under the ticker symbol “CMRC” and cease trading under “BIGC.” This strategic move introduces a bold vision for the future where AI navigates choices for consumers and businesses adapt with intelligent, composable tools.

In conjunction with the rebrand, Commerce also unveiled the company’s vision and strategy for powering agentic commerce where AI acts on behalf of consumers to research, recommend and even transact. To support this shift, Commerce is focused on enabling merchants with the data infrastructure and intelligent storefronts needed to thrive in this next chapter of digital commerce.

“Launching the Commerce brand is about more than a new name and logo,” said Commerce CEO Travis Hess. “It is a clear declaration to our customers, partners, investors and team that we are doubling down on innovation to give brands, retailers, manufacturers, distributors and wholesalers the flexibility, connectivity and care to help them move faster, scale smarter and grow on their terms. Agentic commerce requires a new playbook, and Commerce is here to deliver it with an open ecosystem built for speed, intelligence and flexibility.”

Unifying Three Market-leading Solutions

The individual BigCommerce, Feedonomics and Makeswift brands will continue to exist as three powerful solutions with a unified purpose:
- BigCommerce is the flexible ecommerce platform that grows with merchants. It is trusted by teams that value speed and scalability, empowering innovation without constraint.
- Feedonomics turns data into a competitive advantage, ensuring every product is AI-ready and optimized across hundreds of global channels.
- Built for both marketers and developers, Makeswift is the intuitive visual editor that lets whole teams collaborate to create cutting-edge, personalized digital experiences.
Together, Commerce connects the tools and systems that drive growth, whether it is part of our family of brands or a trusted outside partner. Its open, intelligent ecosystem empowers businesses to unlock data potential and deliver seamless, personalized experiences at scale.

“Commerce is more than just another ecommerce company,” said Hess. “We are a trusted partner, an innovation engine and a champion that stands behind what we promise, and one of those promises is to provide an AI-driven ecosystem that aligns innovation with outcomes.”

Delivering AI to Drive Results

The way consumers discover and purchase products online is undergoing a dramatic transformation. Traditional organic search is rapidly losing ground as the “front door” of the internet. Instead, shoppers are turning to answer engines—AI-powered platforms like ChatGPT, Perplexity, Copilot and Google Cloud with Gemini—to find what they need and even buy it. In this new era, AI agents act on behalf of shoppers, searching, comparing, and even checking out across multiple channels, often without ever visiting a merchant’s website. These AI-driven experiences are seamless, contextual and increasingly the default for how consumers interact with commerce online.

For large retail brands and technology companies, this means that web traffic is already shifting as the old playbook of SEO and paid ads becomes less effective. The conversation is focused on regaining visibility and relevance in a fundamentally new digital landscape.

Commerce offers a complete solution for the AI era. Feedonomics optimizes merchant data for every touchpoint and holds strategic partnerships with leading AI platforms. BigCommerce provides the operating system for merchants of record. Makeswift powers AI-optimized storefronts. Every merchant needs an end-to-end strategy with these pillars for success in AI-driven commerce.

Over the last few weeks, Commerce brands BigCommerce and Feedonomics have expanded partnerships with AI leaders Perplexity and Google Cloud to help businesses capitalize on agentic commerce opportunities to meet consumer expectations and create a competitive advantage.

“At Commerce, we leverage AI where it delivers real, measurable results: powering personalization, automation and data orchestration across the entire customer journey from discovery to checkout,” said Vipul Shah, chief product officer at Commerce. “By delivering relevant, context-optimized data to digital channels including answer engines, and creating agentic tools to help merchants optimize their operations, Commerce helps businesses adapt in real time and grow intelligently. We’re not just following the AI wave; we’re in the room with the product and engineering teams from the leading AI companies shaping the future of the internet so that we are positioned to help our customers win.”

Adventure brand Revelyst, the parent company of Bell, Bushnell, CamelBak and Giro; global consumer brand URBN, the parent company of Urban Outfitters, Anthropologie and many others; and Tapestry, the parent company of fashion brands such as Coach and Kate Spade New York; and Dell Technologies are already leveraging Commerce’s product data integrations to improve visibility, protect brand consistency and boost performance across AI-driven search experiences.

“Since Travis stepped into the CEO role, he has assembled an experienced and visionary leadership team that came together with clarity and conviction to transform the company,” said Ellen Siminoff, executive chair of the board of directors at Commerce. “The launch of Commerce is the culmination of bold thinking, careful planning and hard work during a period of rapid industry change. This transformation positions the company for a return to long-term, sustainable growth. We are proud of our progress thus far and look forward to continuous execution.”

Conference Call Information

Commerce will host its first quarterly earnings call under the Commerce name later this morning at 7:00 a.m. CT (8:00 a.m. ET) Thursday, July 31, 2025. The conference call can be accessed by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the “Commerce conference call.” The live webcast of the conference call can be accessed from BigCommerce’s investor relations website at http://investors.bigcommerce.com.

Following the completion of the call through 11:59 p.m. ET on Thursday, August 7, 2025, a telephone replay will be available by dialing (877) 344-7529 from the United States, (855) 669-9658 from Canada or (412) 317-0088 internationally with conference ID 7863771. A webcast replay will also be available at http://investors.bigcommerce.com for 12 months.

About Commerce

Commerce empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Harvey Nichols, King Arthur Baking Co., Melissa & Doug, Mizuno, Patagonia, Perry Ellis, Puma, SportsShoes, and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

BigCommerce,® the Commerce logo, and other brands are the trademarks or registered trademarks of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “strategy, “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our ability to successfully execute our rebranding initiative, our increased focus on AI enablement, market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others, our business would be harmed by any decline in new customers, renewals or upgrades, our limited operating history makes it difficult to evaluate our prospects and future results of operations, we operate in competitive markets, we may not be able to sustain our revenue growth rate in the future, our business would be harmed by any significant interruptions, delays or outages in services from our platform or certain social media platforms, and a cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks could negatively affect our business. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024 and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to Commerce at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Commerce assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Media Contact:
Brad Hem
pr@commerce.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0e3864e0-299e-4612-a8de-892adb7645e8

The MIL Network –
August 5, 2025
MIL-OSI: Radware Report Reveals Shifting Attack Vectors in Credential Stuffing Campaigns
Source: GlobeNewswire (MIL-OSI)

MAHWAH, N.J., July 31, 2025 (GLOBE NEWSWIRE) — Radware^® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today released a new research report—The Invisible Breach: Business Logic Manipulation and API Exploitation in Credential Stuffing Attacks. The report reveals a paradigm shift in credential stuffing attacks. It underscores a fundamental transformation from volume-based attacks leveraging a series of repeated password attempts to sophisticated, multi-stage infiltration techniques.

“To bypass traditional defenses, modern credential stuffing attacks are shifting away from traditional password-spraying techniques in favor of business logic manipulation, cross-platform device spoofing, and strategic API exploitation,” said Arik Atar, senior cyber threat intelligence researcher at Radware. “The message for defending organizations is clear. To match this new reality, they must move beyond credential-centric controls to adopt security strategies that validate entire user journeys, correlate cross-request behavior, and detect suspicious patterns in business logic flows.”

Radware’s research examined 100 advanced credential stuffing configurations deployed through a well-known account takeover tool called SilverBullet.

Advanced attack methodologies
- Business logic attacks: 94% of configurations implement four or more business logic attack elements, with 54% demonstrating advanced orchestration, using 13+ distinct techniques.
- API exploitation: 83% of configurations contain explicit API-targeting techniques.
- Multi-device spoofing: 24% of attack scripts alternate between two device types during execution, with 71% employing cross-platform transitions, primarily between iOS and Windows.
Primary targets
- Industries: Technology/SaaS emerged as the primary target sector (27%), followed by financial services/government (16%), and the travel/airline (13%) sectors.
- Online tools: There is a significant shift toward high-value AI tools (44% of all technology targets), potentially exploited by spammers who engage in account cracking to create large-scale phishing content. In addition, corporate tools (30%), including Microsoft 365, OneDrive, and Outlook, are likely targets for ransomware groups pursuing initial access to organizational systems.
Centralized threat landscape
- Concentration: 51% of the analyzed configurations, randomly collected over six months, were written by just three advanced threat actors: SVBCONFIGSMAKER, t.me/mrcombo1services, and @Magic_Ckg.
- Specialization: Each threat actor had over two years of operational experience in distinct areas of specialization, including AI platform authentication bypass, mobile API exploitation, and Microsoft cloud services.
Radware’s complete report—The Invisible Breach: Business Logic Manipulation and API Exploitation in Credential Stuffing Attacks—can be downloaded here.

The research methodology was based on an analysis of 100 SilverBullet credential stuffing attack scripts to identify emerging trends, techniques, and tactics in modern account takeover (ATO) campaigns. The scripts were collected from Telegram channels of threat actors and published between December 2024 and May 2025.

About Radware
Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

Radware encourages you to join our community and follow us on: Facebook, LinkedIn, Radware Blog, X, and YouTube.

©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

THIS PRESS RELEASE AND RADWARE’S THE INVISIBLE BREACH: BUSINESS LOGIC MANIPULATION AND API EXPLOITATION IN CREDENTIAL STUFFING ATTACKS REPORT ARE PROVIDED FOR INFORMATIONAL PURPOSES ONLY. THESE MATERIALS ARE NOT INTENDED TO BE AN INDICATOR OF RADWARE’S BUSINESS PERFORMANCE OR OPERATING RESULTS FOR ANY PRIOR, CURRENT, OR FUTURE PERIOD.

Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

Safe Harbor Statement
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” For example, when we say in this press release that to match this new reality, organizations must move beyond credential-centric controls to adopt security strategies that validate entire user journeys, correlate cross-request behavior, and detect suspicious patterns in business logic flows, we are using forward-looking statements. Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

The MIL Network –
August 5, 2025

MIL-OSI: WTW Reports Second Quarter 2025 Earnings

Source: GlobeNewswire (MIL-OSI)

Revenue¹of $2.3 billion was flat compared to prior-year quarter due to the sale of TRANZACT
Organic Revenue growth of 5% for the quarter
Diluted Earnings per Share was $3.32 for the quarter, up 144% over prior year
Adjusted Diluted Earnings per Share was $2.86 for the quarter, up 20% over prior year²
Operating Margin was 16.3% for the quarter, up 690 basis points over prior year
Adjusted Operating Margin was 18.5% for the quarter, up 150 basis points from prior year

LONDON, July 31, 2025 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW) (the “Company”), a leading global advisory, broking and solutions company, today announced financial results for the second quarter ended June 30, 2025.

“Our strong second quarter results demonstrate the meaningful progress we’ve made towards advancing our strategy, helping deliver solid topline results, along with margin and earnings growth,” said Carl Hess, WTW’s Chief Executive Officer. “I’m pleased with how our businesses continued to prove their value and resilience this quarter, providing our clients with critical solutions to help manage people, risk and capital amidst economic uncertainty. Building on our strong first-half performance and continued momentum, we enter the second half of 2025 on track to deliver on our financial framework, including mid-single digit organic revenue growth, operating margin expansion, adjusted earnings per share growth, and free-cash-flow margin expansion. I’d like to thank our colleagues for their consistent execution and dedication to delivering for our clients.”

Consolidated Results

As reported, USD millions, except %

Key Metrics	Q2-25	Q2-24²	Y/Y Change
Revenue¹	$2,261	$2,265	Reported (0)% \| CC (1)% \| Organic 5%
Income from Operations	$368	$212	74%
Operating Margin %	16.3%	9.4%	690 bps
Adjusted Operating Income	$419	$385	9%
Adjusted Operating Margin %	18.5%	17.0%	150 bps
Net Income	$332	$142	134%
Adjusted Net Income	$285	$247	15%
Diluted EPS	$3.32	$1.36	144%
Adjusted Diluted EPS	$2.86	$2.39	20%

¹	The revenue amounts included in this release are presented on a U.S. GAAP basis except where stated otherwise. The segment discussion is on an organic basis.

²	Refer to “WTW Non-GAAP Measures” below and the Q2-25 Supplemental Slides for recast of historical Non-GAAP measures.

Revenue was $2.26 billion for the second quarter of 2025, which was flat compared to $2.27 billion for the same period in the prior year due to the sale of TRANZACT. Excluding the impact of foreign currency, revenue decreased 1%. On an organic basis, revenue increased 5%. See Supplemental Segment Information for additional detail on book-of-business settlements and interest income included in revenue.

Net Income for the second quarter of 2025 was $332 million compared to Net Income of $142 million in the prior-year second quarter. Adjusted EBITDA for the second quarter was $470 million, or 20.8% of revenue, an increase of 6%, compared to Adjusted EBITDA of $445 million, or 19.6% of revenue, in the prior-year second quarter. The U.S. GAAP tax rate for the second quarter was (6.8)%, and the adjusted income tax rate for the second quarter used in calculating adjusted diluted earnings per share was 18.0%.

Cash Flow and Capital Allocation

Cash flows from operating activities were $326 million for the six months ended June 30, 2025, compared to cash flows from operating activities of $431 million for the same prior-year period. Free cash flow for the six months ended June 30, 2025 and 2024 was $217 million and $305 million, respectively, a decrease of $88 million. The decline was primarily due to increased compensation and cash tax payments as well as the absence of cash inflows from TRANZACT following its sale on December 31, 2024, partly offset by lower Transformation program spending and operational improvements. During the quarter ended June 30, 2025, the Company repurchased 1,614,427 of its outstanding shares for $500 million.

Second Quarter 2025 Segment Highlights

Health, Wealth & Career (“HWC”)

As reported, USD millions, except %

Health, Wealth & Career	Q2-25	Q2-24	Y/Y Change
Total Revenue	$1,180	$1,260	Reported (6)% \| CC (8)% \| Organic 4%
Operating Income	$280	$276	1%
Operating Margin %	23.8%	21.9%	190 bps

The HWC segment had revenue of $1.18 billion in the second quarter of 2025, a decrease of 6% (8% decrease constant currency and organic growth of 4%) from $1.26 billion in the prior year due to the sale of TRANZACT. Health delivered organic revenue growth driven by double-digit increases outside North America and solid performance in North America. Wealth generated organic revenue growth from higher levels of Retirement work globally alongside growth in our Investments business from new business wins and product launches. Career had modest revenue growth as healthy demand for advisory project work outside North America was offset by North America client postponement decisions made earlier in the year. Benefits Delivery & Outsourcing revenue was materially flat, as increased project and core administration work within Europe was tempered by lower commission revenue in the Individual Marketplace business compared to the prior year.

Operating margins in the HWC segment increased 190 basis points from the prior-year second quarter to 23.8%, primarily due to the sale of TRANZACT. Excluding TRANZACT operating margins increased 20 basis points. Please refer to the Supplemental Slides for TRANZACT’s standalone historical financial results.

Risk & Broking (“R&B”)

As reported, USD millions, except %

Risk & Broking	Q2-25	Q2-24	Y/Y Change
Total Revenue	$1,047	$979	Reported 7% \| CC 6% \| Organic 6%
Operating Income	$222	$202	10%
Operating Margin %	21.2%	20.6%	60 bps

The R&B segment had revenue of $1.05 billion in the second quarter of 2025, an increase of 7% (6% increase constant currency and organic) from $979 million in the prior year. Corporate Risk & Broking (CRB) had organic revenue growth driven by higher levels of new business activity and strong client retention globally. Insurance Consulting and Technology (ICT) revenue was flat for the quarter as clients managed spend more cautiously amid ongoing economic uncertainty.

Operating margins in the R&B segment increased 60 basis points from the prior-year second quarter to 21.2%, due primarily to operating leverage driven by strong organic revenue growth and savings from the Transformation program which were partially offset by headwinds from decreased interest income and foreign currency fluctuations.

Select 2025 Financial Considerations

Changes to Non-GAAP financial measures:

All reported non-GAAP metrics will exclude non-cash net periodic pension and postretirement benefits
Free cash flow and free cash flow margin will capture cash outflows for capitalized software costs
Refer to Supplemental Slides for recast of historical Non-GAAP measures

Business mix:

TRANZACT business, which contributed $1.14 to adjusted diluted earnings per share in 2024, is no longer part of the business portfolio following the completion of the TRANZACT sale in the fourth quarter of 2024
Reinsurance joint venture with Bain Capital expected to be a headwind on adjusted diluted earnings per share of approximately $0.20, which will be partially mitigated by gains from other equity investments, resulting in a net headwind of approximately $0.10 at the interest in earnings of associates level

Free cash flow:

Expect cash outflows in 2025 from the payment of accrued costs related to the Transformation program which concluded in 2024

Capital allocation:

Expect share repurchases of ~$1.5 billion, subject to market conditions and potential capital allocation to organic and inorganic investment opportunities

Foreign exchange:

Expect a foreign currency tailwind on adjusted diluted earnings per share of approximately $0.05 in 2025 at today’s rates

Adjusted operating margin outlook:

~100 basis points of average annual margin expansion over next 3 years in R&B
Incremental annual margin expansion at HWC and enterprise levels

The 2025 Financial Considerations above include Non-GAAP financial measures. We do not reconcile forward-looking Non-GAAP measures for reasons explained under “WTW Non-GAAP Measures” below.

Conference Call

The Company will host a conference call to discuss the financial results for the second quarter 2025. It will be held on Thursday, July 31, 2025, beginning at 9:00 a.m. Eastern Time. A live, listen-only webcast of the conference call will be available on WTW’s website. Analysts and institutional investors may participate in the conference call’s question-and-answer session by registering in advance here. An online replay will be available at investors.wtwco.com shortly after the call concludes.

About WTW

At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at www.wtwco.com.

WTW Non-GAAP Measures

In order to assist readers of our consolidated financial statements in understanding the core operating results that WTW’s management uses to evaluate the business and for financial planning, we present the following non-GAAP measures: (1) Constant Currency Change, (2) Organic Change, (3) Adjusted Operating Income/Margin, (4) Adjusted EBITDA/Margin, (5) Adjusted Net Income, (6) Adjusted Diluted Earnings Per Share, (7) Adjusted Income Before Taxes, (8) Adjusted Income Taxes/Tax Rate, (9) Free Cash Flow and (10) Free Cash Flow Margin.

We believe that those measures are relevant and provide pertinent information widely used by analysts, investors and other interested parties in our industry to provide a baseline for evaluating and comparing our operating performance, and in the case of free cash flow, our liquidity results.

Within the measures referred to as ‘adjusted’, we adjust for significant items which will not be settled in cash, or which we believe to be items that are not core to our current or future operations. Some of these items may not be applicable for the current quarter, however they may be part of our full-year results. Additionally, we have historically adjusted for certain items which are not described below, but for which we may adjust in a future period when applicable. Items applicable to the quarter or full year results, or the comparable periods, include the following:

Restructuring costs and transaction and transformation – Management believes it is appropriate to adjust for restructuring costs and transaction and transformation when they relate to a specific significant program with a defined set of activities and costs that are not expected to continue beyond a defined period of time, or significant acquisition-related transaction expenses. We believe the adjustment is necessary to present how the Company is performing, both now and in the future when the incurrence of these costs will have concluded.
Provisions for specified litigation matters – We will include provisions for litigation matters which we believe are not representative of our core business operations. Among other things, we determine this by reference to the amount of the loss (net of insurance and other recovery receivables) and by reference to whether the matter relates to an unusual and complex scenario that is not expected to be repeated as part of our ongoing, ordinary business. These amounts are presented net of insurance and other recovery receivables. See the footnotes to the reconciliation tables below for more specificity on the litigation matter excluded from adjusted results.
Gains and losses on disposals of operations – Adjustment to remove the gains or losses resulting from disposed operations that have not been classified as discontinued operations.
Net periodic pension and postretirement benefits – Adjustment to remove the recognition of net periodic pension and postretirement benefits (including pension settlements), other than service costs. We have included this adjustment as applicable in our prior-period disclosures in order to conform to the current-period presentation.
Tax effect of significant adjustments – Relates to the incremental tax expense or benefit resulting from significant or unusual events including significant statutory tax rate changes enacted in material jurisdictions in which we operate, internal reorganizations of ownership of certain businesses that reduced the investment held by our U.S.-controlled subsidiaries and the recovery of certain refunds or payment of taxes related to businesses in which we no longer participate.

We evaluate our revenue on an as reported (U.S. GAAP), constant currency and organic basis. We believe presenting constant currency and organic information provides valuable supplemental information regarding our comparable results, consistent with how we evaluate our performance internally.

We consider Constant Currency Change, Organic Change, Adjusted Operating Income/Margin, Adjusted EBITDA/Margin, Adjusted Net Income, Adjusted Diluted Earnings Per Share, Adjusted Income Before Taxes, Adjusted Income Taxes/Tax Rate and Free Cash Flow to be important financial measures, which are used to internally evaluate and assess our core operations and to benchmark our operating and liquidity results against our competitors. These non-GAAP measures are important in illustrating what our comparable operating and liquidity results would have been had we not incurred transaction-related and non-recurring items. Reconciliations of these measures are included in the accompanying tables with the following exception: The Company does not reconcile its forward-looking non-GAAP financial measures to the corresponding U.S. GAAP measures, due to variability and difficulty in making accurate forecasts and projections and/or certain information not being ascertainable or accessible; and because not all of the information, such as foreign currency impacts necessary for a quantitative reconciliation of these forward-looking non-GAAP financial measures to the most directly comparable U.S. GAAP financial measure, is available to the Company without unreasonable efforts. For the same reasons, the Company is unable to address the probable significance of the unavailable information. The Company provides non-GAAP financial measures that it believes will be achieved, however it cannot accurately predict all of the components of the adjusted calculations and the U.S. GAAP measures may be materially different than the non-GAAP measures.

Our non-GAAP measures and their accompanying definitions are presented as follows:

Constant Currency Change – Represents the year-over-year change in revenue excluding the impact of foreign currency fluctuations. To calculate this impact, the prior year local currency results are first translated using the current year monthly average exchange rates. The change is calculated by comparing the prior year revenue, translated at the current year monthly average exchange rates, to the current year as reported revenue, for the same period. We believe constant currency measures provide useful information to investors because they provide transparency to performance by excluding the effects that foreign currency exchange rate fluctuations have on period-over-period comparability given volatility in foreign currency exchange markets.

Organic Change – Excludes the impact of fluctuations in foreign currency exchange rates, as described above and the period-over-period impact of acquisitions and divestitures on current-year revenue. We believe that excluding transaction-related items from our U.S. GAAP financial measures provides useful supplemental information to our investors, and it is important in illustrating what our core operating results would have been had we not included these transaction-related items, since the nature, size and number of these transaction-related items can vary from period to period.

Adjusted Operating Income/Margin – Income from operations adjusted for amortization, restructuring costs, transaction and transformation and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted operating income margin is calculated by dividing adjusted operating income by revenue. We consider adjusted operating income/margin to be important financial measures, which are used internally to evaluate and assess our core operations and to benchmark our operating results against our competitors.

Adjusted EBITDA/Margin – Net Income adjusted for provision for income taxes, interest expense, depreciation and amortization, restructuring costs, transaction and transformation, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted EBITDA Margin is calculated by dividing adjusted EBITDA by revenue. We consider adjusted EBITDA/margin to be important financial measures, which are used internally to evaluate and assess our core operations, to benchmark our operating results against our competitors and to evaluate and measure our performance-based compensation plans.

Adjusted Net Income – Net Income Attributable to WTW adjusted for amortization, restructuring costs, transaction and transformation, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results and the related tax effect of those adjustments and the tax effects of internal reorganizations. This measure is used solely for the purpose of calculating adjusted diluted earnings per share.

Adjusted Diluted Earnings Per Share – Adjusted Net Income divided by the weighted-average number of ordinary shares, diluted. Adjusted diluted earnings per share is used to internally evaluate and assess our core operations and to benchmark our operating results against our competitors.

Adjusted Income Before Taxes – Income from operations before income taxes and interest in earnings of associates adjusted for amortization, restructuring costs, transaction and transformation, gains and losses on disposals of operations, net periodic pension and postretirement benefits, and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results. Adjusted income before taxes is used solely for the purpose of calculating the adjusted income tax rate.

Adjusted Income Taxes/Tax Rate – Provision for income taxes adjusted for taxes on certain items of amortization, restructuring costs, transaction and transformation, gains and losses on disposals of operations, net periodic pension and postretirement benefits, the tax effects of significant adjustments and non-recurring items that, in management’s judgment, significantly affect the period-over-period assessment of operating results, divided by adjusted income before taxes. Adjusted income taxes is used solely for the purpose of calculating the adjusted income tax rate. Management believes that the adjusted income tax rate presents a rate that is more closely aligned to the rate that we would incur if not for the reduction of pre-tax income for the adjusted items and the tax effects of internal reorganizations, which are not core to our current and future operations.

Free Cash Flow – Cash flows from operating activities less cash used to purchase fixed assets and software. Free Cash Flow is a liquidity measure and is not meant to represent residual cash flow available for discretionary expenditures. Management believes that free cash flow presents the core operating performance and cash-generating capabilities of our business operations. As a result of our change in presentation, free cash flow for the prior period has been adjusted to conform to the current period, which includes the deduction of our capitalized software costs.

Free Cash Flow Margin – Free Cash Flow as a percentage of revenue, which represents how much of revenue would be realized on a cash basis. We consider this measure to be a meaningful metric for tracking cash conversion on a year-over-year basis due to the non-cash nature of our pension income, which is included in our GAAP and Non-GAAP earnings metrics presented herein.

These non-GAAP measures are not defined in the same manner by all companies and may not be comparable to other similarly titled measures of other companies. Non-GAAP measures should be considered in addition to, and not as a substitute for, the information contained within our condensed consolidated financial statements.

WTW Forward-Looking Statements

This document contains ‘forward-looking statements’ within the meaning of Section 27A of the Securities Act of 1933, and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include information about possible or assumed future results of our operations. All statements, other than statements of historical facts, that address activities, events or developments that we expect or anticipate may occur in the future, including such things as: our outlook; the potential impact of natural or man-made disasters like health pandemics and other world health crises; future capital expenditures; ongoing working capital efforts; future share repurchases; financial results (including our revenue, costs or margins) and the impact of changes to tax laws on our financial results; existing and evolving business strategies including those related to acquisitions and dispositions; demand for our services and competitive strengths; strategic goals; the benefits of new initiatives; growth of our business and operations; the sustained health of our product, service, transaction, client, and talent assessment and management pipelines; our ability to successfully manage ongoing leadership, organizational and technology changes, including investments in improving systems and processes; our ability to implement and realize anticipated benefits of any cost-savings initiatives generated from our completed multi-year operational transformation program or other expense savings initiatives; our recognition of future impairment charges; and plans and references to future performance, including our future financial and operating results, short-term and long-term financial goals, plans, objectives, expectations and intentions, including with respect to free cash flow generation, adjusted net revenue, adjusted operating margin and adjusted earnings per share, are forward-looking statements. Also, when we use words such as ‘may’, ‘will’, ‘would’, ‘anticipate’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘plan’, ‘continues’, ‘seek’, ‘target’, ‘goal’, ‘focus’, ‘probably’, or similar expressions, we are making forward-looking statements. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. All forward-looking disclosure is speculative by its nature.

There are important risks, uncertainties, events and factors that could cause our actual results or performance to differ materially from those in the forward-looking statements contained in this document, including the following: our ability to successfully establish, execute and achieve our global business strategy as it evolves; our ability to fully realize the anticipated benefits of our growth strategy, including inorganic growth through acquisitions; our ability to achieve our short-term and long-term financial goals, such as with respect to our cash flow generation, and the timing with respect to such achievement; the risks related to changes in general economic conditions, business and political conditions, changes in the financial markets, inflation, credit availability, increased interest rates, changes in trade policies, increased tariffs and retaliatory actions; the risks to our short-term and long-term financial goals from any of the risks or uncertainties set forth herein; the risks relating to the adverse impacts of macroeconomic trends, including those relating to changes in trade policies and tariffs, as well as political events, war, such as the Russia-Ukraine and Israel-Hamas wars, and other international disputes, terrorism, natural disasters, public health issues and other business interruptions on the global economy and capital markets, such as uncertainty in the global markets, inflation, changes in interest rates and recessionary trends, changes in spending by government agencies and contractors, which could have a material adverse effect on our business, financial condition, results of operations and long-term goals; our ability to successfully hedge against fluctuations in foreign currency rates; the risks relating to the adverse impacts of natural or man-made disasters such as health pandemics and other world health crises on the demand for our products and services, our cash flows and our business operations; material interruptions to or loss of our information processing capabilities, or failure to effectively maintain and upgrade our information technology resources and systems and related risks of cybersecurity breaches or incidents; our ability to comply with complex and evolving regulations related to data privacy, cybersecurity and artificial intelligence; the risks relating to the transitional arrangements in effect subsequent to our completed sale of TRANZACT; significant competition that we face and the potential for loss of market share and/or profitability; the impact of seasonality and differences in timing of renewals and non-recurring revenue increases from disposals and book-of-business sales; the insufficiency of client data protection, potential breaches of information systems or insufficient safeguards against cybersecurity breaches or incidents; the risk of increased liability or new legal claims arising from our new and existing products and services, and expectations, intentions and outcomes relating to outstanding litigation; the risk of substantial negative outcomes on existing or potential future litigation or investigation matters; changes in the regulatory environment in which we operate, including, among other risks, the impacts of pending competition law and regulatory investigations; various claims, government inquiries or investigations or the potential for regulatory action; our ability to make divestitures or acquisitions, including our ability to integrate or manage acquired businesses or carve-out businesses to be disposed, as well as our ability to identify and successfully execute on opportunities for strategic collaboration; our ability to integrate direct-to-consumer sales and marketing solutions with our existing offerings and solutions; our ability to successfully manage ongoing organizational changes, including as a result of our recently-completed multi-year operational transformation program, investments in improving systems and processes, and in connection with our acquisition and divestiture activities; disasters or business continuity problems; our ability to successfully enhance our billing, collection and other working capital efforts, and thereby increase our free cash flow; our ability to properly identify and manage conflicts of interest; reputational damage, including from association with third parties; reliance on third-party service providers and suppliers; risks relating to changes in our management structures and in senior leadership; the loss of key employees or a large number of employees and rehiring rates; our ability to maintain our corporate culture; doing business internationally, including the impact of global trade policies and retaliatory considerations as well as foreign currency exchange rates; compliance with extensive government regulation; the risk of sanctions imposed by governments, or changes to associated sanction regulations (such as sanctions imposed on Russia) and related counter-sanctions; our ability to effectively apply technology, data and analytics solutions, including through the use of artificial intelligence, for internal operations, maintaining industry standards, meeting client preferences and gaining competitive advantage, among other things; changes and developments in the insurance industry or the U.S. healthcare system, including those related to Medicare, and any other changes and developments in legal, regulatory, economic, business or operational conditions that could impact our businesses; the inability to protect our intellectual property rights, or the potential infringement upon the intellectual property rights of others; fluctuations in our pension assets and liabilities and related changes in pension income, including as a result of, related to, or derived from movements in the interest rate environment, investment returns, inflation, or changes in other assumptions that are used to estimate our benefit obligations and their effect on adjusted earnings per share; our capital structure, including indebtedness amounts, the limitations imposed by the covenants in the documents governing such indebtedness and the maintenance of the financial and disclosure controls and procedures of each; our ability to obtain financing on favorable terms or at all; adverse changes in our credit ratings; the impact of recent or potential changes to U.S. or foreign laws, and the enactment of additional, or the revision of existing, state, federal, and/or foreign laws and regulations, recent judicial decisions and development of case law, other regulations and any policy changes and legislative actions, including those that may impose additional excise taxes or impact our effective tax rate; U.S. federal income tax consequences to U.S. persons owning at least 10% of our shares; changes in accounting principles, estimates or assumptions; our recognition of future impairment charges; risks relating to or arising from environmental, social and governance (‘ESG’) practices; fluctuation in revenue against our relatively fixed or higher-than-expected expenses; the risk that investment levels increase; the laws of Ireland being different from the laws of the U.S. and potentially affording less protections to the holders of our securities; and our holding company structure potentially preventing us from being able to receive dividends or other distributions in needed amounts from our subsidiaries.

The foregoing list of factors is not exhaustive and new factors may emerge from time to time that could also affect actual performance and results. For more information, please see Part I, Item 1A in our Annual Report on Form 10-K, and our subsequent filings with the SEC. Copies are available online at http://www.sec.gov or www.wtwco.com.

Although we believe that the assumptions underlying our forward-looking statements are reasonable, any of these assumptions, and therefore also the forward-looking statements based on these assumptions, could themselves prove to be inaccurate. Given the significant uncertainties inherent in the forward-looking statements included in this document, our inclusion of this information is not a representation or guarantee by us that our objectives and plans will be achieved.

Our forward-looking statements speak only as of the date made and we will not update these forward-looking statements unless the securities laws require us to do so. With regard to these risks, uncertainties and assumptions, the forward-looking events discussed in this document may not occur, and we caution you against unduly relying on these forward-looking statements.

Contact

INVESTORS
Claudia De La Hoz | Claudia.Delahoz@wtwco.com

WTW Supplemental Segment Information (In millions of U.S. dollars) (Unaudited)

REVENUE
						Components of Revenue Change⁽ⁱ⁾
						Less:		Less:
	Three Months Ended June 30,				As Reported	Currency	Constant Currency	Acquisitions/	Organic
	2025		2024		% Change	Impact	Change	Divestitures	Change

Health, Wealth & Career
Revenue excluding interest income	$	1,173	$	1,251	(6)%	1%	(7)%	(12)%	4%
Interest income		7		9
Total		1,180		1,260	(6)%	1%	(8)%	(12)%	4%

Risk & Broking
Revenue excluding interest income	$	1,024	$	950	8%	1%	6%	0%	6%
Interest income		23		29
Total		1,047		979	7%	1%	6%	0%	6%

Segment Revenue	$	2,227	$	2,239	(1)%	1%	(2)%	(7)%	5%
Corporate, reimbursable expenses and other		24		20
Interest income		10		6
Revenue	$	2,261	$	2,265	0%	1%	(1)%	(6)%	5%⁽ⁱⁱ⁾

						Components of Revenue Change⁽ⁱ⁾
						Less:		Less:
	Six Months Ended June 30,				As Reported	Currency	Constant Currency	Acquisitions/	Organic
	2025		2024		% Change	Impact	Change	Divestitures	Change

Health, Wealth & Career
Revenue excluding interest income	$	2,331	$	2,578	(10)%	0%	(10)%	(13)%	3%
Interest income		14		18
Total		2,345		2,596	(10)%	0%	(10)%	(13)%	3%

Risk & Broking
Revenue excluding interest income	$	2,029	$	1,900	7%	0%	7%	0%	7%
Interest income		45		57
Total		2,074		1,957	6%	0%	6%	0%	6%

Segment Revenue	$	4,419	$	4,553	(3)%	0%	(3)%	(7)%	5%
Corporate, reimbursable expenses and other		45		41
Interest income		20		12
Revenue	$	4,484	$	4,606	(3)%	0%	(3)%	(7)%	5%⁽ⁱⁱ⁾

⁽ⁱ⁾	Components of revenue change may not add due to rounding.
⁽ⁱⁱ⁾	Interest income did not contribute to organic change for the three and six months ended June 30, 2025.

BOOK-OF-BUSINESS SETTLEMENTS AND INTEREST INCOME

	Three Months Ended June 30,
	HWC				R&B				Corporate				Total
	2025		2024		2025		2024		2025		2024		2025		2024
Book-of-business settlements	$	—	$	—	$	3	$	2	$	—	$	—	$	3	$	2
Interest income		7		9		23		29		10		6		40		44
Total	$	7	$	9	$	26	$	31	$	10	$	6	$	43	$	46

	Six Months Ended June 30,
	HWC				R&B				Corporate				Total
	2025		2024		2025		2024		2025		2024		2025		2024
Book-of-business settlements	$	2	$	—	$	3	$	4	$	—	$	—	$	5	$	4
Interest income		14		18		45		57		20		12		79		87
Total	$	16	$	18	$	48	$	61	$	20	$	12	$	84	$	91

SEGMENT OPERATING INCOME ⁽ⁱ⁾

	Three Months Ended June 30,
	2025		2024

Health, Wealth & Career	$	280	$	276
Risk & Broking		222		202
Segment Operating Income	$	502	$	478

	Six Months Ended June 30,
	2025		2024

Health, Wealth & Career	$	591	$	612
Risk & Broking		448		405
Segment Operating Income	$	1,039	$	1,017

⁽ⁱ⁾

Segment operating income excludes certain costs, including amortization of intangibles, restructuring costs, transaction and transformation expenses, certain litigation provisions, and to the extent that the actual expense based upon which allocations are made differs from the forecast/budget amount, a reconciling item will be created between internally-allocated expenses and the actual expenses reported for U.S. GAAP purposes.

SEGMENT OPERATING MARGINS

	Three Months Ended June 30,
	2025	2024
Health, Wealth & Career	23.8%	21.9%
Risk & Broking	21.2%	20.6%

	Six Months Ended June 30,
	2025	2024
Health, Wealth & Career	25.2%	23.6%
Risk & Broking	21.6%	20.7%

RECONCILIATIONS OF SEGMENT OPERATING INCOME TO INCOME FROM OPERATIONS BEFORE INCOME TAXES

	Three Months Ended June 30,
	2025			2024

Segment Operating Income	$	502		$	478
Amortization		(49	)		(60	)
Restructuring costs		—			(3	)
Transaction and transformation⁽ⁱ⁾		(2	)		(97	)
Unallocated, net⁽ⁱⁱ⁾		(83	)		(106	)
Income from Operations		368			212
Interest expense		(64	)		(68	)
Other income, net		9			23
Income from operations before income taxes and interest in earnings of associates	$	313		$	167

	Six Months Ended June 30,
	2025			2024

Segment Operating Income	$	1,039		$	1,017
Amortization		(97	)		(120	)
Restructuring costs		—			(21	)
Transaction and transformation⁽ⁱ⁾		(2	)		(222	)
Unallocated, net⁽ⁱⁱ⁾		(140	)		(162	)
Income from Operations		800			492
Interest expense		(129	)		(132	)
Other (loss)/income, net		(55	)		49
Income from operations before income taxes and interest in earnings of associates	$	616		$	409

⁽ⁱ⁾	In addition to legal fees and other transaction costs, includes primarily consulting fees and compensation costs related to the Transformation program.
⁽ⁱⁱ⁾	Includes certain costs, primarily related to corporate functions which are not directly related to the segments, and certain differences between budgeted expenses determined at the beginning of the year and actual expenses that we report for U.S. GAAP purposes.

WTW Reconciliations of Non-GAAP Measures (In millions of U.S. dollars, except per share data) (Unaudited)

RECONCILIATIONS OF NET INCOME ATTRIBUTABLE TO WTW TO ADJUSTED DILUTED EARNINGS PER SHARE

	Three Months Ended June 30,
	2025			2024

Net income attributable to WTW	$	331		$	141
Adjusted for certain items:
Amortization		49			60
Restructuring costs		—			3
Transaction and transformation		2			97
Provision for specified litigation matter ⁽ⁱ⁾		—			13
Net periodic pension and postretirement benefits		(13	)		(21	)
Tax effect on certain items listed above⁽ⁱⁱ⁾		(10	)		(39	)
Tax effect of significant adjustments		(74	)		(7	)
Adjusted Net Income	$	285		$	247

Weighted-average ordinary shares, diluted		100			103

Diluted Earnings Per Share	$	3.32		$	1.36
Adjusted for certain items:⁽ⁱⁱⁱ⁾
Amortization		0.49			0.58
Restructuring costs		—			0.03
Transaction and transformation		0.02			0.94
Provision for specified litigation matter ⁽ⁱ⁾		—			0.13
Net periodic pension and postretirement benefits		(0.13	)		(0.20	)
Tax effect on certain items listed above⁽ⁱⁱ⁾		(0.10	)		(0.38	)
Tax effect of significant adjustments		(0.74	)		(0.07	)
Adjusted Diluted Earnings Per Share⁽ⁱⁱⁱ⁾	$	2.86		$	2.39

	Six Months Ended June 30,
	2025			2024

Net income attributable to WTW	$	566		$	331
Adjusted for certain items:
Amortization		97			120
Restructuring costs		—			21
Transaction and transformation		2			222
Provision for specified litigation matter⁽ⁱ⁾		—			13
Net periodic pension and postretirement benefits		62			(43	)
Gain on disposal of operations		(14	)		—
Tax effect on certain items listed above⁽ⁱⁱ⁾		(38	)		(85	)
Tax effect of significant adjustments		(74	)		(7	)
Adjusted Net Income	$	601		$	572

Weighted-average ordinary shares, diluted		100			104

Diluted Earnings Per Share	$	5.64		$	3.20
Adjusted for certain items:⁽ⁱⁱⁱ⁾
Amortization		0.97			1.16
Restructuring costs		—			0.20
Transaction and transformation		0.02			2.14
Provision for specified litigation matter⁽ⁱ⁾		—			0.13
Net periodic pension and postretirement benefits		0.62			(0.42	)
Gain on disposal of operations		(0.14	)		—
Tax effect on certain items listed above⁽ⁱⁱ⁾		(0.38	)		(0.82	)
Tax effect of significant adjustments		(0.74	)		(0.07	)
Adjusted Diluted Earnings Per Share⁽ⁱⁱⁱ⁾	$	5.99		$	5.53

⁽ⁱ⁾	Represents a provision related to potential litigation arising out of a structured insurance program originally placed for a client over 15 years ago. The program is of a type and complexity that was highly bespoke to the client and for that reason is unlikely to be exactly replicated elsewhere. Because of this, while we do not believe the potential litigation is material, we believe excluding this matter from adjusted results makes results more comparable from period to period and more representative of our core business operations.
⁽ⁱⁱ⁾	The tax effect was calculated using an effective tax rate for each item.
⁽ⁱⁱⁱ⁾	Per share values and totals may differ due to rounding.

RECONCILIATIONS OF NET INCOME TO ADJUSTED EBITDA

	Three Months Ended June 30,
	2025				2024

Net Income	$	332		14.7%	$	142		6.3%
(Benefit from)/provision for income taxes		(21	)			26
Interest expense		64				68
Depreciation		57				57
Amortization		49				60
Restructuring costs		—				3
Transaction and transformation		2				97
Provision for specified litigation matter⁽ⁱ⁾		—				13
Net periodic pension and postretirement benefits		(13	)			(21	)
Adjusted EBITDA and Adjusted EBITDA Margin	$	470		20.8%	$	445		19.6%

	Six Months Ended June 30,
	2025				2024

Net Income	$	571		12.7%	$	336		7.3%
Provision for income taxes		44				74
Interest expense		129				132
Depreciation		111				116
Amortization		97				120
Restructuring costs		—				21
Transaction and transformation		2				222
Provision for specified litigation matter⁽ⁱ⁾		—				13
Net periodic pension and postretirement benefits		62				(43	)
Gain on disposal of operations		(14	)			—
Adjusted EBITDA and Adjusted EBITDA Margin	$	1,002		22.3%	$	991		21.5%

⁽ⁱ⁾

Represents a provision related to potential litigation arising out of a structured insurance program originally placed for a client over 15 years ago. The program is of a type and complexity that was highly bespoke to the client and for that reason is unlikely to be exactly replicated elsewhere. Because of this, while we do not believe the potential litigation is material, we believe excluding this matter from adjusted results makes results more comparable from period to period and more representative of our core business operations.

RECONCILIATIONS OF INCOME FROM OPERATIONS TO ADJUSTED OPERATING INCOME

	Three Months Ended June 30,
	2025			2024

Income from operations and Operating margin	$	368	16.3%	$	212	9.4%
Adjusted for certain items:
Amortization		49			60
Restructuring costs		—			3
Transaction and transformation		2			97
Provision for specified litigation matter⁽ⁱ⁾		—			13
Adjusted operating income and Adjusted operating income margin	$	419	18.5%	$	385	17.0%

	Six Months Ended June 30,
	2025			2024

Income from operations and Operating margin	$	800	17.8%	$	492	10.7%
Adjusted for certain items:
Amortization		97			120
Restructuring costs		—			21
Transaction and transformation		2			222
Provision for specified litigation matter⁽ⁱ⁾		—			13
Adjusted operating income and Adjusted operating income margin	$	899	20.0%	$	868	18.8%

⁽ⁱ⁾

RECONCILIATIONS OF GAAP INCOME TAXES/TAX RATE TO ADJUSTED INCOME TAXES/TAX RATE

	Three Months Ended June 30,
	2025			2024

Income from operations before income taxes and interest in earnings of associates	$	313		$	167

Adjusted for certain items:
Amortization		49			60
Restructuring costs		—			3
Transaction and transformation		2			97
Provision for specified litigation matter⁽ⁱ⁾		—			13
Net periodic pension and postretirement benefits		(13	)		(21	)
Adjusted income before taxes	$	351		$	319

(Benefit from)/provision for income taxes	$	(21	)	$	26
Tax effect on certain items listed above⁽ⁱⁱ⁾		10			39
Tax effect of significant adjustments		74			7
Adjusted income taxes	$	63		$	72

U.S. GAAP tax rate		(6.8	)%		15.6	%
Adjusted income tax rate		18.0	%		22.4	%

	Six Months Ended June 30,
	2025			2024

Income from operations before income taxes and interest in earnings of associates	$	616		$	409

Adjusted for certain items:
Amortization		97			120
Restructuring costs		—			21
Transaction and transformation		2			222
Provision for specified litigation matter⁽ⁱ⁾		—			13
Net periodic pension and postretirement benefits		62			(43	)
Gain on disposal of operations		(14	)		—
Adjusted income before taxes	$	763		$	742

Provision for income taxes	$	44		$	74
Tax effect on certain items listed above⁽ⁱⁱ⁾		38			85
Tax effect of significant adjustments		74			7
Adjusted income taxes	$	156		$	166

U.S. GAAP tax rate		7.1	%		18.1	%
Adjusted income tax rate		20.5	%		22.3	%

⁽ⁱ⁾

⁽ⁱⁱ⁾

The tax effect was calculated using an effective tax rate for each item.

RECONCILIATION OF CASH FLOWS FROM OPERATING ACTIVITIES TO FREE CASH FLOW

	Six Months Ended June 30,
	2025			2024

Cash flows from operating activities	$	326		$	431
Less: Additions to fixed assets and software		(109	)		(126	)
Free Cash Flow	$	217		$	305

WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Condensed Consolidated Statements of Income (In millions of U.S. dollars, except per share data) (Unaudited)

	Three Months Ended June 30,						Six Months Ended June 30,
	2025			2024			2025			2024
Revenue	$	2,261		$	2,265		$	4,484		$	4,606

Costs of providing services
Salaries and benefits		1,449			1,397			2,773			2,739
Other operating expenses		336			439			701			896
Depreciation		57			57			111			116
Amortization		49			60			97			120
Restructuring costs		—			3			—			21
Transaction and transformation		2			97			2			222
Total costs of providing services		1,893			2,053			3,684			4,114

Income from operations		368			212			800			492

Interest expense		(64	)		(68	)		(129	)		(132	)
Other income/(loss), net		9			23			(55	)		49

INCOME FROM OPERATIONS BEFORE INCOME TAXES AND INTEREST IN EARNINGS OF ASSOCIATES		313			167			616			409

Benefit from/(provision for) income taxes		21			(26	)		(44	)		(74	)

INCOME FROM OPERATIONS BEFORE INTEREST IN EARNINGS OF ASSOCIATES		334			141			572			335

Interest in earnings of associates, net of tax		(2	)		1			(1	)		1

NET INCOME		332			142			571			336

Income attributable to non-controlling interests		(1	)		(1	)		(5	)		(5	)

NET INCOME ATTRIBUTABLE TO WTW	$	331		$	141		$	566		$	331

EARNINGS PER SHARE
Basic earnings per share	$	3.34		$	1.37		$	5.68		$	3.22
Diluted earnings per share	$	3.32		$	1.36		$	5.64		$	3.20

Weighted-average ordinary shares, basic		99			103			100			103
Weighted-average ordinary shares, diluted		100			103			100			104

WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Condensed Consolidated Balance Sheets (In millions of U.S. dollars, except share data) (Unaudited)

	June 30,			December 31,
	2025			2024
ASSETS
Cash and cash equivalents	$	1,963		$	1,890
Fiduciary assets		10,720			9,504
Accounts receivable, net		2,364			2,494
Prepaid and other current assets		558			1,217
Total current assets		15,605			15,105
Fixed assets, net		696			661
Goodwill		8,938			8,799
Other intangible assets, net		1,232			1,295
Right-of-use assets		495			485
Pension benefits assets		578			530
Other non-current assets		934			806
Total non-current assets		12,873			12,576
TOTAL ASSETS	$	28,478		$	27,681
LIABILITIES AND EQUITY
Fiduciary liabilities	$	10,720		$	9,504
Deferred revenue and accrued expenses		1,726			2,211
Current debt		549			—
Current lease liabilities		124			118
Other current liabilities		752			765
Total current liabilities		13,871			12,598
Long-term debt		4,762			5,309
Liability for pension benefits		550			615
Provision for liabilities		369			341
Long-term lease liabilities		500			502
Other non-current liabilities		246			299
Total non-current liabilities		6,427			7,066
TOTAL LIABILITIES		20,298			19,664
COMMITMENTS AND CONTINGENCIES
EQUITY⁽ⁱ⁾
Additional paid-in capital		11,012			10,989
(Accumulated deficit)/retained earnings		(206	)		109
Accumulated other comprehensive loss, net of tax		(2,706	)		(3,158	)
Total WTW shareholders’ equity		8,100			7,940
Non-controlling interests		80			77
Total Equity		8,180			8,017
TOTAL LIABILITIES AND EQUITY	$	28,478		$	27,681


⁽ⁱ⁾	Equity includes (a) Ordinary shares $0.000304635 nominal value; Authorized 1,510,003,775; Issued 97,853,208 (2025) and 99,805,780 (2024); Outstanding 97,853,208 (2025) and 99,805,780 (2024) and (b) Preference shares, $0.000115 nominal value; Authorized 1,000,000,000 and Issued none in 2025 and 2024.

WILLIS TOWERS WATSON PUBLIC LIMITED COMPANY Condensed Consolidated Statements of Cash Flows (In millions of U.S. dollars) (Unaudited)

	Six Months Ended June 30,
	2025			2024
CASH FLOWS FROM OPERATING ACTIVITIES
NET INCOME	$	571		$	336
Adjustments to reconcile net income to total net cash from operating activities:
Depreciation		111			116
Amortization		97			120
Non-cash restructuring charges		—			12
Non-cash lease expense		47			49
Net periodic cost/(benefit) of defined benefit pension plans		94			(11	)
Provision for doubtful receivables from clients		7			10
Benefit from deferred income taxes		(70	)		(25	)
Share-based compensation		68			54
Net gain on disposal of operations		(14	)		—
Non-cash foreign exchange loss/(gain)		30			(12	)
Other, net		18			22
Changes in operating assets and liabilities, net of effects from purchase of subsidiaries:
Accounts receivable		225			118
Other assets		(99	)		(161	)
Other liabilities		(778	)		(242	)
Provisions		19			45
Net cash from operating activities		326			431

CASH FLOWS FROM/(USED IN) INVESTING ACTIVITIES
Additions to fixed assets and software		(109	)		(126	)
Acquisitions of operations, net of cash acquired		(14	)		(18	)
Contributions to investments in associates		(8	)		—
Net proceeds from sale of operations		836			—
Net purchases of held-to-maturity securities		(50	)		—
Net purchases of available-for-sale securities		(43	)		(14	)
Net cash from/(used in) investing activities		612			(158	)

CASH FLOWS (USED IN)/FROM FINANCING ACTIVITIES
Senior notes issued		—			746
Debt issuance costs		—			(9	)
Repayments of debt		(2	)		(652	)
Repurchase of shares		(700	)		(301	)
Net proceeds from fiduciary funds held for clients		141			783
Payments of deferred and contingent consideration related to acquisitions		(15	)		—
Cash paid for employee taxes on withholding shares		(43	)		(24	)
Dividends paid		(179	)		(176	)
Acquisitions of and dividends paid to non-controlling interests		(2	)		(3	)
Net cash (used in)/from financing activities		(800	)		364

INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH		138			637
Effect of exchange rate changes on cash, cash equivalents and restricted cash		207			(53	)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD ⁽ⁱ⁾		4,998			3,792
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD ⁽ⁱ⁾	$	5,343		$	4,376


⁽ⁱ⁾	The amounts of cash, cash equivalents and restricted cash, their respective classification on the condensed consolidated balance sheets, as well as their respective portions of the increase or decrease in cash, cash equivalents and restricted cash for each of the periods presented have been included in the Supplemental Disclosure of Cash Flow Information section.

SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION

	Six Months Ended June 30,
	2025			2024

Supplemental disclosures of cash flow information:
Cash and cash equivalents	$	1,963		$	1,247
Fiduciary funds (included in fiduciary assets)		3,380			3,129
Total cash, cash equivalents and restricted cash	$	5,343		$	4,376

Decrease in cash, cash equivalents and other restricted cash	$	(3	)	$	(154	)
Increase in fiduciary funds		141			791
Total ⁽ⁱ⁾	$	138		$	637

⁽ⁱ⁾	Does not include the effect of exchange rate changes on cash, cash equivalents and restricted cash.

The MIL Network –

August 5, 2025

MIL-OSI China: China’s cyberspace watchdog summons Nvidia over H20 chip security risks

Source: People’s Republic of China – State Council News

China’s cyberspace regulator on Thursday summoned U.S. tech giant Nvidia over security risks concerning its H20 AI chip sold to China.

The company was asked to give explanations and submit relevant proof materials on this issue. This is aimed at safeguarding cyberspace and data security for Chinese users per laws on network and data security and personal information protection, according to the Cyberspace Administration of China (CAC).

Recently, Nvidia’s artificial intelligence chips have been alleged to pose serious security risks, and some U.S. lawmakers have called for advanced chips exported abroad to be equipped with “tracking and positioning” functions.

U.S. artificial intelligence experts disclosed that the “tracking and positioning” and “remote shutdown” technologies of Nvidia chips have matured, the CAC said in a statement.

MIL OSI China News –

August 5, 2025
Cabinet clears ₹6,520 crore outlay for PM Kisan Sampada Yojana till FY26

Source: Government of India

Source: Government of India (4)

The Union Cabinet on Thursday approved a total outlay of ₹6,520 crore for the ongoing Central Sector Scheme, Pradhan Mantri Kisan Sampada Yojana (PMKSY), for the period of the 15th Finance Commission cycle (2021-22 to 2025-26). The approved amount includes an additional allocation of ₹1,920 crore to support new and existing projects under the scheme.

Of the total outlay, ₹1,000 crore has been earmarked to set up 50 Multi-Product Food Irradiation Units under the component scheme Integrated Cold Chain and Value Addition Infrastructure (ICCVAI) and 100 NABL-accredited Food Testing Laboratories under the Food Safety and Quality Assurance Infrastructure (FSQAI) component. These initiatives are in alignment with announcements made in the Union Budget.

The remaining ₹920 crore will be used to sanction projects under various other components of PMKSY during the current Finance Commission cycle. Both ICCVAI and FSQAI are demand-driven schemes, with proposals to be invited through Expressions of Interest (EOIs) from eligible entities across the country. Projects will be selected following scrutiny based on the eligibility norms outlined in the scheme guidelines.

According to the Ministry of Food Processing Industries, the 50 irradiation units are expected to create additional preservation capacity ranging from 20 to 30 lakh metric tonnes (LMT) per annum, depending on the types of food processed. These units will play a crucial role in extending the shelf life of agricultural produce, thereby reducing post-harvest losses.

In parallel, the proposed 100 food testing labs in the private sector are aimed at developing advanced infrastructure for analysing food samples. The Ministry said these facilities would help strengthen food safety mechanisms and ensure the availability of safe, quality-compliant food products in the market.

The Pradhan Mantri Kisan Sampada Yojana, launched in 2017, seeks to create modern infrastructure and efficient supply chains for the food processing sector.

August 5, 2025
MIL-OSI USA: HIEMA – NEWS RELEASE – ALL CLEAR-TSUNAMI THREAT

Source: US State of Hawaii

HIEMA – NEWS RELEASE – ALL CLEAR-TSUNAMI THREAT

Posted on Jul 30, 2025 in Latest Department News, Newsroom

STATE OF HAWAIʻI

KA MOKU ʻĀINA O HAWAIʻI

JOSH GREEN, M.D.

GOVERNOR

KE KIAʻĀINA

DEPARTMENT OF DEFENSE

KA ʻOIHANA PILI KAUA

MAJOR GENERAL STEPHEN F. LOGAN

DIRECTOR OF EMERGENCY MANAGEMENT
LUNA HOʻOMALU PŌULIA

HAWAIʻI EMERGENCY MANAGEMENT AGENCY

KEʻENA HOʻOMALU PŌULIA O HAWAIʻI

JAMES DS. BARROS

ADMINISTRATOR OF EMERGENCY MANAGEMENT
KAHU HOʻOMALU PŌULIA

ALL CLEAR: TSUNAMI THREAT HAS PASSED

FOR IMMEDIATE RELEASE 2025-010

July 30, 2025

HONOLULU — The Hawaiʻi Emergency Management Agency (HIEMA) announces that the tsunami threat, initially raised during the evening, has been officially lifted. After extensive discussions and monitoring with the Pacific Tsunami Warning Center (PTWC), we are pleased to report that conditions have stabilized, and there is no longer any risk of a tsunami affecting our state. As a result, the Advisory has been formally canceled.

While HIEMA issues an all-clear, we remind the public that all counties will continue to conduct assessments to ensure community safety. We urge residents to exercise caution and follow any county directives as ocean activities resume, ensuring the safety of all individuals on or near local waters.

# # #

Contact:

Kīelekū Amundson

Communications Director

Phone: 808-733-4300 Ext 522

Email: [email protected]

MIL OSI USA News –

August 5, 2025
MIL-OSI: PROS and Commerce Announce Strategic Partnership to Redefine B2B Digital Commerce

Source: GlobeNewswire (MIL-OSI)

HOUSTON and AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) — PROS Holdings, Inc. (NYSE: PRO), a leading provider of AI-powered SaaS pricing and selling solutions, and Commerce (Nasdaq: BIGC) (formerly BigCommerce Holdings, Inc.), an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale, today announced a strategic partnership to redefine B2B digital commerce.

Today’s B2B buyers demand accuracy, speed and transparency at every step of the purchase journey. However, the complexity of large-scale B2B operations can push the boundaries of typical ecommerce platforms. By integrating PROS enterprise-grade pricing and CPQ with Commerce’s portfolio of industry-leading applications, businesses can meet these demands head-on, resulting in fewer delays, reducing errors and accelerating time to revenue.

“Pricing is the heartbeat of every commercial interaction, and when it’s disconnected or overly complex, it disrupts the entire buying experience,” said Jeff Cotten, President and Chief Executive Officer, PROS. “By embedding our AI-powered pricing and selling capabilities directly into the ecommerce experience, we’re enabling businesses to optimize pricing and product recommendations, streamline complex quoting and deliver real-time, market-relevant offers that build buyer confidence, accelerate decision-making and drive profitability. The future of B2B commerce is not just digital, it’s dynamic, intelligent and deeply contextualized.”

The combined power of PROS and Commerce delivers on the promise of intelligent commerce, reshaping how companies engage buyers, drive revenue and scale in a digital-first world. This collaboration equips businesses to anticipate customer needs, respond to real-time market dynamics and deliver buying experiences that are both seamless and relevant. For B2B organizations selling with complex catalogs, global operations and diverse sales channels, it translates into faster time-to-value, higher conversion rates and a distinct competitive advantage in an increasingly dynamic market.

“B2B companies are no longer asking whether they should go digital — they’re asking how quickly they can get there,” said Travis Hess, Chief Executive Officer, Commerce. “By partnering with PROS, we’re giving our customers, from mid-market to global enterprises, the tools to not only sell online, but to do so intelligently, competitively and at scale. And we see this impact going beyond B2B to B2C retailers managing large, dynamic catalogs across multiple channels to improve margin and drive conversion across storefronts and marketplaces. This collaboration sets a new standard for what modern commerce can achieve.”

 About PROS
PROS Holdings, Inc. (NYSE: PRO) is a leading provider of SaaS solutions that optimize omnichannel shopping and selling experiences, powering intelligent commerce. Leveraging leadership in revenue and pricing science, the PROS Platform combines predictive AI, real-time analytics, and powerful automation to dynamically match offers to buyers and prices to products. Businesses win more with PROS. Learn how at pros.com.

About Commerce
Commerce empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Harvey Nichols, King Arthur Baking Co., Melissa & Doug, Mizuno, Patagonia, Perry Ellis, Puma, SportsShoes, and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

PROS Media Contact  
Amy Williams  
+1 713-335-5916  
awilliams@pros.com  

Commerce Media Contact  
Brad Hem
+1 281-543-0669
pr@commerce.com   

The MIL Network –

August 5, 2025
MIL-OSI Asia-Pac: Digital Policy Office introduces initiatives to promote cybersecurity in second half 2025 (with photos)

Source: Hong Kong Government special administrative region

Digital Policy Office introduces initiatives to promote cybersecurity in second half 2025
The Commissioner for Digital Policy, Mr Tony Wong, said that with rapid developments in the digital era, cybersecurity threats have grown increasingly severe. The Government is adopting a multipronged strategy to continuously enhance the cybersecurity resilience of Hong Kong. Reviewing the DPO’s work on cybersecurity in the first half of the year, Mr Wong stated that in addition to co-ordinating with the HKIRC to launch the Cybersec One Programme to support small and medium-sized enterprises (SMEs), schools, and non-governmental organisations in strengthening their cybersecurity protection level, the DPO also worked closely with the CSTCB, the HKCERT and various stakeholders to organise a range of awareness campaigns and cybersecurity drills to raise cybersecurity awareness and response capabilities among government departments and the public. In the second half of the year, the DPO will continue to launch a variety of initiatives, including co-ordinating with the HKCERT to implement the Cybersecurity Service Providers Connect Programme, leading the organising of the second Hong Kong Cybersecurity Attack and Defence Drill, and hosting a series of activities to fully support the annual China Cybersecurity Week. These initiatives will further promote cross-sectoral and cross-regional collaboration, strengthen the local cybersecurity ecosystem, and drive the sustainable development of Hong Kong’s digital economy.

At the briefing, the Chief Superintendent of the CSTCB, Mr Lam Cheuk-ho, announced the technology crime figures recorded in the first half of 2025. A total of 16 262 cases were recorded, with financial losses exceeding $3 billion, mainly attributable to substantial losses from online investment fraud, with both figures representing an increase of 0.5 per cent and 14.7 per cent respectively compared to the same period last year. Among these cases, there were only 42 incidents involving destructive hacking, a 22 per cent decrease compared to the same period last year. Mr Lam emphasised that in the face of escalating cybersecurity threats, the Police are intensifying law enforcement while actively strengthening the development of Hong Kong’s cybersecurity ecosystem from multiple dimensions through raising public awareness, nurturing professionals and enhanced public-private partnerships to comprehensively solidify the city’s cybersecurity defence.

The Chief Executive Officer of the HKIRC, Mr Wilson Wong, shared the latest security scan findings, which revealed that around 65 per cent of websites belonging to SMEs, educational and social welfare organisations are at risk of data leakage, reminding organisations to act proactively by patching vulnerabilities and strengthening cybersecurity measures. He encouraged enterprises and organisations to leverage the services of the Cybersec One Programme, including free website risk assessments, vulnerability identifications, staff training and phishing email drills in order to foster a cybersecurity culture and comprehensively improve defence capabilities.

The Chief Digital Officer of the Hong Kong Productivity Council, Mr Edmond Lai, speaking on behalf of the HKCERT, highlighted findings from the 2024 Hong Kong Enterprise Cyber Security Readiness Index and AI Security Survey, noting that nearly 70 per cent of surveyed businesses had experienced cyberattacks, underscoring the urgent need for companies to continue strengthening cybersecurity measures to confront increasingly complex and frequent threats. He added that the Cybersecurity Service Providers Connect Programme launched by the HKCERT will effectively connect cybersecurity service providers with local enterprises and organisations to help them find suitable solutions. The Programme is now open for applications, and the classified and vetted service providers will be showcased on a dedicated platform.

In conclusion, Mr Tony Wong emphasised the theme of “Cybersecurity for the People, Cybersecurity relies on the People”, and maintained that cybersecurity requires the joint efforts of the whole society. Several large-scale major events will take place in Hong Kong in the second half of this year, including the 15th National Games and the Legislative Council general election, etc. These events extensively utilise information technology, and cybersecurity is critical to ensure the smooth execution of the large-scale events. The DPO will continue to partner with all sectors to launch diverse activities and training to continuously enhance Hong Kong’s overall capabilities to tackle risks in cybersecurity, and he appealed for media support in jointly disseminating the importance of cybersecurity and the building of a safer and more resilient digital future.
Issued at HKT 18:38

NNNN

CategoriesMIL-OSI

MIL OSI Asia Pacific News –

August 5, 2025
MIL-OSI: Toobit Simplifies Crypto Purchases with Credit/Debit Card Payment Feature
Source: GlobeNewswire (MIL-OSI)

GEORGE TOWN, Cayman Islands, July 31, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today announces its new credit/debit card payment feature, making it easier and faster for users to buy digital currencies using fiat.

The new feature allows users to seamlessly purchase popular cryptocurrencies like USDT, BTC, ETH, ADA, and USDC directly with Visa and Mastercard credit/debit cards. Supporting a wide array of fiat currencies, including USD, EUR, GBP, JPY, and more, Toobit is making crypto more accessible to a broad international audience.

To ensure robust security and reliability for these transactions, Toobit has partnered with industry leaders Simplex (a Nuvei company) and AdvCash. These collaborations leverage advanced fraud prevention technologies, offering users peace of mind for their crypto purchases.

“The future of finance is digital, but the path to entry must be simple and secure for everyone,” said Mike Williams, Chief Communication Officer at Toobit. “Our new credit/debit card payment feature is a bridge designed to empower the next wave of crypto adopters. By eliminating complexity and maximizing trust, we are confident this will accelerate mainstream engagement with the digital economy.”

How to purchase crypto via credit/debit card on Toobit
1. Log in to your Toobit account or register if you are a new user.
2. Navigate to the “Buy crypto” section.
3. Choose your preferred fiat currency and the cryptocurrency you wish to receive.
4. Enter the purchase amount and link your bank card by providing the required details.
5. Confirm the transaction and wait for your crypto to be credited to your account.
This development comes amid a period of explosive growth in the cryptocurrency sector. The worldwide market is on a clear growth trajectory, with projected revenues expected to hit US$85.7 billion in 2025. Looking ahead, the market is forecast to expand at a compound annual growth rate (CAGR) of 11.01%, pushing its total value to an estimated US$95.1 billion by 2026.

Furthermore, the global market for fiat-to-crypto on-ramp solutions, which facilitates purchases like those offered by Toobit, is projected to reach USD 23.4 billion by 2033. This underscores the increasing demand for accessible pathways into the digital economy.

About Toobit

Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

Contact: Davin C.

Email: market@toobit.com

Website: www.toobit.com

Disclaimer: This content is provided by Toobit. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e1edc9cd-17c3-4125-82e3-317fd94da86b

The MIL Network –
August 5, 2025
MIL-OSI: Bitcoin Swift Launches Stage 2 of Presale With Programmable Staking Rewards and Audited Infrastructure
Source: GlobeNewswire (MIL-OSI)

LUXEMBOURG, July 31, 2025 (GLOBE NEWSWIRE) — Bitcoin Swift (BTC3), a modular blockchain protocol built for programmable finance, has officially entered Stage 2 of its 64-day presale. The project introduces smart contract automation, zero-knowledge privacy systems, and real-time staking rewards starting from day one.

Unlike traditional blockchain protocols that depend on static systems, Bitcoin Swift incorporates embedded AI agents into its smart contracts. These contracts adjust to network conditions and participant behavior, optimizing outcomes over time. The technology stack includes a WASM engine, zk-SNARK-based privacy, and decentralized identity (DID) tools, creating a platform that combines user privacy with regulatory adaptability.

Presale Participation Includes Real-Time Staking Rewards

Participants in the presale can access programmable staking rewards through Bitcoin Swift’s Proof-of-Yield (PoY) system. This system moves beyond static emission models by dynamically adjusting rewards based on user activity and environmental performance. These features are live and integrated at the protocol level, with no requirement to wait for future updates.

Currently in Stage 2 of its 64-day presale, Bitcoin Swift is gaining momentum across both crypto-native and institutional communities. Backed by KYC verification and audits from SpyWolf and SolidProof, the project is building trust while delivering innovation.

Key Features of the Bitcoin Swift Protocol:
- AI-powered smart contracts that evolve over time using reinforcement learning
- zk-SNARK-based privacy architecture allowing for confidential yet auditable transactions
- DID-based identity layer enabling selective disclosure and reputation-based governance
- Hybrid consensus mechanism optimized for scalability and regulatory alignment
Ecosystem Development and Market Reception

As Bitcoin Swift gains attention, the project is engaging with the broader crypto community to explain its technical innovations. Influencers and ecosystem participants have highlighted the protocol’s integrated reward system, privacy tools, and modular structure as notable developments during the current market cycle.

The team plans to release further updates during the presale window, including testnet onboarding and early adopter tutorials to support long-term engagement.

Influencers Are Taking Notice

Crypto influencers are already spotlighting BTC3 as a unique presale opportunity. Their coverage points to the chain’s advanced tech and early-stage reward structure.
- Token Empire explains why programmable PoY rewards are attracting investors
- Crypto Infinity highlights the power of AI-driven automation
- Crypto Sister breaks down the privacy mechanics and governance system
About Bitcoin Swift

Bitcoin Swift (BTC3) is a next-generation blockchain protocol focused on programmable finance, privacy infrastructure, and adaptive smart contracts. Designed for flexible governance and compliant integration, the platform supports early reward distribution and long-term value alignment.

For more information, visit: https://bitcoinswift.com

Contact:
Luc Schaus
support@bitcoinswift.com

Disclaimer: This content is provided by Bitcoin Swift. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article.This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/54987734-c045-404b-90b0-9af62ce43a9c
https://www.globenewswire.com/NewsRoom/AttachmentNg/761a6984-fdb5-4b75-8c22-6d8b7a4efb0b
https://www.globenewswire.com/NewsRoom/AttachmentNg/f40a460a-0d85-4883-8a5b-0f1341c5efa2

The MIL Network –
August 5, 2025
MIL-OSI: BitMart Releases 2025 Mid-Year Report: Surpasses 12M Users Amid Market Challenges Through Innovation-Led Growth

Source: GlobeNewswire (MIL-OSI)

Mahe, Seychelles, July 31, 2025 (GLOBE NEWSWIRE) — Global crypto exchange BitMart has unveiled its 2025 Mid-Year Report, showcasing impressive growth driven by cutting-edge technology, smart product expansion, and a strong focus on emerging assets. Despite a broader industry slowdown marked by fragmented liquidity and tempered user growth, BitMart bucked the trend—crossing 12 million registered users globally and maintaining a top-tier position in trading volume and market share through consistent innovation and strategic development.

As of the end of June 2025, BitMart’s global registered users surpassed 12 million, with market share and trading volumes continuing to rank among the top global exchanges.

Technological Innovation Drives Growth

In the first half of 2025, BitMart launched its third-generation trading system, designed around speed, stability, and scalability. The new system reduces order processing time to 2 milliseconds and supports up to 80,000 orders per second, ensuring uninterrupted, stable operations even during periods of high volatility. Its modular and scalable architecture not only supports rapid growth in trading volumes but also lays a solid foundation for future innovations such as AI-driven trading and intelligent analytics.

Powered by a series of technological upgrades and product optimizations, BitMart achieved strong growth against market headwinds. Global registered users surpassed 12 million, up 20% from the previous period. Average daily spot trading volume rose by more than 120% over the previous half-year, with May alone posting a 128% surge — the fastest growth among major global exchanges. Futures trading volume also increased by 52%, further consolidating BitMart’s leading position in the derivatives market.

Deepening Asset Discovery: A Hub for High-Quality Projects

BitMart has consistently leveraged a rigorous asset screening process and deep industry insights to offer users a wide range of opportunities. In the first half of 2025, the platform listed 538 quality assets spanning sectors such as MEME, AI, RWA, DePIN, and GameFi, including 341 first launches, which accounted for 63%. These new listings delivered strong market performance, with 24 tokens gaining over 1,000%, 46 rising by more than 500%, and 154 increasing by over 100%; notably, 19 of the top 20 best-performing tokens were first launched on BitMart.

In May, BitMart launched the BM Discovery Zone, dedicated to early-stage, high-potential on-chain projects. Combining real-time data and dynamic risk control, the zone offers users a secure and efficient way to access early assets. By the end of June, it had listed 50 tokens, attracted over 300,000 participants, and recorded trading volumes of more than 300 million USDT, highlighting BitMart’s strong capabilities in asset discovery.

A Diversified Product Matrix Enhancing User Experience

In the first half of 2025, BitMart not only made breakthroughs in its trading system and asset offerings but also carried out a comprehensive upgrade of its product matrix and service ecosystem, expanding across derivatives, wealth management, fiat services, and Web3 and AI innovations to deliver a richer and more efficient trading experience.

In derivatives, supported by an advanced matching engine and deep liquidity, BitMart’s futures trading volume continued to grow, with 468 tokens now available. In May, the platform launched three major initiatives: a Slippage Protection Program that lowered the compensation threshold to 0.02%, an Elite Trader Program to incentivize top traders, and a Community Partner Program to expand global engagement. Combining strong technical infrastructure with incentive mechanisms, these programs have created a flywheel driven by technology, ecosystem, and liquidity, helping BitMart capture high-value opportunities in the derivatives market.

In wealth management, BitMart introduced new products including a dedicated Wealth Zone and a Crypto Loans service, while optimizing the user interface and launching joint campaigns to offer users a variety of asset growth options. As a result, wealth management products have become increasingly attractive, with AUM rising 266% since the beginning of the year. Going forward, BitMart will continue to innovate and refine its wealth management offerings, empowering more users to achieve stable asset growth.

Fiat services also saw rapid growth. P2P trading has been continuously optimized, with transaction volume up 253%, orders up 67%, and the share of first-time buyers increasing by 54%. The newly launched card purchase service supports Visa, MasterCard and other major payment channels, covering 40+ countries and regions and supporting 20+ local fiat currencies. In the first half of the year, transaction volume grew more than 4.6 times, with both first-purchase and repeat-purchase rates showing significant improvement. As more local payment and fiat channels are added, BitMart will continue to expand in regulated markets and improve the payment experience, enabling global users to enter the market with zero barriers.

In the area of Web3 and AI innovation, BitMart launched DEX+, overcoming the limitations of traditional single-chain DEX platforms and complex operations by supporting real-time discovery and convenient trading across multiple chains. Meanwhile, new AI-powered tools such as X Insight and Beacon have also been introduced, making investment decisions more efficient and intelligent.

Expansion of the BMX Ecosystem

BitMart’s platform token BMX continued to advance across multiple dimensions, including operational strategies, product integration, and community development, driving steady growth of the platform’s ecosystem. With the ongoing deflationary mechanism, BMX’s circulation structure has been further optimized and overall trading activity remains stable. Through regular trading competitions, VIP flash sales, anniversary campaigns and other initiatives, BMX’s use cases and user engagement have been continuously enhanced. At the same time, BitMart plans to expand additional features around payments and wallet ecosystems, such as cashback rewards and staking yields, to further strengthen the financial attributes and ecosystem value of BMX.

Steady Progress in Global Compliance

In the first half of 2025, building on its global presence, BitMart further increased investment in compliance development and reached strategic partnerships with leading local compliance service providers worldwide, aiming to build a more robust, transparent, and sustainable compliance framework. This cooperation covers clearing, custody, trading, and licensing compliance, aiming to provide higher compliance standards for the platform. The related systems have now entered the integration testing phase and are expected to officially launch services for major regulated markets worldwide by the end of this year. This will mark an important milestone in BitMart’s global compliance strategy and represent a critical step toward connecting global users with compliant markets.

Building Long-Term Competitiveness

With strong innovation and deep market insight, BitMart achieved significant breakthroughs in the first half of 2025. From rapid global user growth to deeper asset discovery and issuance capabilities, as well as the introduction of innovative products and major technology upgrades, BitMart has consistently maintained a leading position. Looking ahead, BitMart will continue to deepen technological innovation, enhance platform products, and provide smarter and more personalized services to meet the increasingly diverse needs of global users, contributing to the sustained growth and prosperity of the ecosystem.

Full Report: https://bitmart.zendesk.com/hc/en-us/articles/39435771069211

About BitMart

BitMart is a premier global digital asset trading platform with more than 12 million users worldwide. Consistently ranked among the top crypto exchanges on CoinGecko, BitMart offers over 1,700 trading pairs with competitive fees. Committed to continuous innovation and financial inclusivity, BitMart empowers users globally to trade seamlessly. Learn more about BitMart at Website, follow their X (Twitter), or join their Telegram for updates, news, and promotions. Download BitMart App to trade anytime, anywhere.

Disclaimer:

The information provided is for informational purposes only and should not be considered a recommendation to buy, sell, or hold any financial assets. All information is provided in good faith. However, we make no representation or warranty of any kind, express or implied, regarding the accuracy, adequacy, validity, reliability, availability or completeness of such information.

All crypto investments, including earnings, are highly speculative in nature and involve substantial risk of loss. Past, hypothetical, or simulated performance is not necessarily indicative of future results. The value of digital currencies can go up or down and there can be a substantial risk in buying, selling, holding, or trading digital currencies. You should carefully consider whether trading or holding digital currencies is suitable for you based on your personal investment objectives, financial circumstances, and risk tolerance. BitMart does not provide any investment, legal or tax advice.

The MIL Network –

August 5, 2025
MIL-OSI: Glasswing Ventures Expands Exclusive Advisory Network to Accelerate AI-Native Portfolio Success
Source: GlobeNewswire (MIL-OSI)

BOSTON, July 31, 2025 (GLOBE NEWSWIRE) — Glasswing Ventures, a first capital-in investor in startups applying AI and frontier technology to the enterprise and cybersecurity markets, today announced the appointment of 12 distinguished business and security leaders to its Connect and Protect Advisory Councils. The appointments bring the firm’s exclusive advisor count to 62, reinforcing Glasswing’s position as the definitive catalyst for founders building the next generation of intelligent enterprise and security solutions.

The AI-Native & Vertical AI Advantage
Glasswing Ventures invests in AI-native companies — companies that build AI into their core, leveraging proprietary models, deep workflow intelligence, and unique data access to unlock new revenue models and customer ROI that is unattainable with traditional SaaS models. Glasswing portfolio companies deliver purpose-built platforms designed to execute complex, multi-step tasks that redefine how enterprises operate across critical verticals, including supply chain orchestration, threat intelligence, procurement optimization, and data productivity acceleration.

ABI Research projects that the AI market will surge to $467 billion by 2030. As demand for enterprise automation accelerates, vertical AI agents are emerging as critical differentiators that seamlessly integrate industry expertise with advanced automation capabilities. This convergence creates unprecedented opportunities for startups that understand both the technology and the domain-specific challenges they are solving.

The Collective Advisor Impact
Glasswing’s Advisory Councils are an exclusive, curated network of technologists, AI visionaries, successful entrepreneurs, and Fortune 500 executives who share strategic insight and operational expertise with the firm. Advisors include technology leaders and go-to-market executives from companies such as Google, Meta, and Salesforce, and academics from top-tier universities like the Massachusetts Institute of Technology, Harvard Business School, and the University of California, Berkeley.

Glasswing advisors have founded 48 companies, secured 305 patents, and published 4,582 papers, culminating in an unmatched depth of intellectual property and thought leadership in AI and frontier technologies.

“We invest in exceptional entrepreneurs who aren’t just applying AI—they are harnessing it to revolutionize enterprise and security software across vertical industries, delivering superior customer value that creates sustainable competitive advantages,” said Rudina Seseri, Founder and Managing Partner of Glasswing Ventures. “The appointment of our 12 additional Advisory Council members reinforces our commitment to maintaining a leadership position in the AI and frontier tech investment space, ensuring portfolio companies have access to the strategic guidance and industry connections necessary to transform their respective markets.”

Beyond Capital: The Glasswing Multiplier Effect
As prototypical end users for many of the firm’s portfolio companies, Glasswing’s advisors serve as a critical resource for accelerating the adoption of new AI and frontier tech products. They help founders prioritize the right product improvements, foster connections within the industry, and drive revenue. This hands-on approach creates a multiplier effect, where portfolio companies benefit from the combined decades of industry experience and extensive professional networks.

“Our commitment to our companies extends beyond capital,” said Rick Grinnell, Founder and Managing Partner, Glasswing Ventures. “We aim to be our founders’ most trusted resource, fostering alignment and mutual success. Through our deep advisor relationships, we provide unparalleled access to customers, talent, and expertise, enabling our portfolio companies to achieve their full potential as they reinvent entire industries.”

Glasswing Ventures’ Advisory Councils
Glasswing’s advisors serve as an extension of the firm, providing tactical and nuanced guidance throughout every phase of the startup journey. They include:
- Connect Council: Business leaders, academics, and AI pioneers providing expertise across business functions, from go-to-market strategy to breakthrough technological innovation.
- Protect Council: Cybersecurity, regulatory compliance, and risk management leaders dedicated to leveraging frontier technology to secure enterprise organizations.
Advisor Executive Appointments:
- Wendy Batchelder, Senior Vice President & Chief Data Officer, Centene Corporation
- Anand Devendran, Chief Growth Officer, Inrupt
- Didi Dotan, Senior Director of Engineering, Cisco
- Derya Isler, Vice President, AI Applications, Salesforce
- Michael Israel, Chief Information & Technology Officer, The Kraft Group & Affiliates
- Rich James, Senior Staff Software Engineer, Google
- Jigar Kadakia, SVP, Head of Information and Data Security, GeneDx
- Jayanthi Pillutla, SVP of Data, AI/ML, Engineering, Stitch Fix
- Alyssa Robinson, Chief Information Security Officer, HubSpot
- Kevin Routhier, Former Founder, President & CEO, Coretelligent
- Dwayne Smith, Senior Vice President, Information Security and Global Chief Information Security Officer, Vensure Employer Solutions
- Aaron Weismann, Chief Information Security Officer, Main Line Health
“Glasswing’s advisors consistently go above and beyond in helping us navigate the complexities of our business environment, from refining our data strategies to identifying innovative solutions aligned with our goals and providing introductions to key decision-makers,” said Scott Matthews, CEO of Verusen, an AI platform purpose-built to optimize inventory spend and risk for asset-intensive manufacturers’ MRO (maintenance, repair and operations) supply chain. “Their expertise is pivotal to addressing today’s key challenges, particularly leveraging new technology and fostering meaningful partnerships that drive growth and operational excellence.”

“The contributions from Glasswing’s Protect Council advisors have been transformative,” said Paul Paget, CEO of Black Kite, the AI-native platform for cyber risk detection and response in companies’ supply chains. “The advisors have introduced us to more than a dozen enterprises and large prospects, the majority of whom have become customers.”

About Glasswing Ventures:
Glasswing Ventures is a first-capital-in venture capital firm dedicated to investing in startups applying AI and frontier technology to enterprise and cybersecurity markets. The firm was founded by visionary partners with decades of experience in these markets, a disciplined investment approach, and a strong track record of industry-leading returns. Glasswing leverages its deep domain expertise and world-leading advisory councils to invest in exceptional founders who transform markets and revolutionize industries. Visit Glasswing Ventures for more information.

PR Contact:
Ilona Mohacsi
PenVine for Glasswing Ventures
ilonam@penvine.com
+1 631 764 3729

The MIL Network –
August 5, 2025

MIL-OSI: Commerce Announces Second Quarter 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

AUSTIN, Texas, July 31, 2025 (GLOBE NEWSWIRE) — Commerce.com, Inc. (Nasdaq: BIGC) (formerly BigCommerce Holdings, Inc.), a provider of an open, intelligent ecosystem of technology solutions that empower businesses to unlock data potential and deliver seamless, personalized experiences at scale, today announced financial results for its second quarter ended June 30, 2025. Earlier this morning, BigCommerce announced the launch of its new parent brand, Commerce, and that it has officially changed its corporate name to Commerce.com, Inc. (“Commerce” or the “Company”), unifying BigCommerce, Feedonomics and Makeswift to power the next era of agentic commerce. In connection with the name change and rebranding, the Company will change its ticker to the symbol “CMRC” on the Nasdaq Global Market effective on or about August 1, 2025.

“The second quarter was a defining period for our company, and today we mark an important milestone as we reintroduce ourselves as Commerce,” said Travis Hess, CEO of Commerce. “The strategy, product and go-to-market engine we have built over the past year came together behind a singular focus: powering an AI-driven commerce ecosystem at scale. Our transformation phase is over. We have moved fully into execution and growth.”

Second Quarter Financial Highlights:

Total revenue was $84.4 million, up 3% compared to the second quarter of 2024.

Total annual revenue run-rate (“ARR”) as of June 30, 2025 was $354.6 million, up 3% compared to June 30, 2024.

Subscription solutions revenue was $63.7 million, up 3% compared to the second quarter of 2024.

ARR from accounts with at least one enterprise plan (“Enterprise Accounts”) was $269.3 million as of June 30, 2025, up 6% from June 30, 2024.

ARR from Enterprise Accounts as a percent of total ARR was 76% as of June 30, 2025, compared to 73% as of June 30, 2024.

GAAP gross margin was 79%, compared to 76% in the second quarter of 2024. Non-GAAP gross margin was 80%, compared to 77% in the second quarter of 2024.

Other Key Business Metrics

Number of enterprise accounts was 5,803, down 3% compared to the second quarter of 2024.

Average revenue per account (“ARPA”) of enterprise accounts was $46,403, up 9% compared to the second quarter of 2024.

Revenue in the United States grew by 3% compared to the second quarter of 2024.

Revenue in EMEA grew by 7% and revenue in APAC declined by 4% compared to the second quarter of 2024.

Loss from Operations and Non-GAAP Operating Income (Loss)

GAAP loss from operations was ($6.8) million, compared to ($13.5) million in the second quarter of 2024.

Included in GAAP loss from operations was a restructuring charge of $1.6 million.

Non-GAAP operating income was $4.8 million, compared to $1.9 million in the second quarter of 2024.

Net Income (Loss) and Earnings Per Share

GAAP net loss was ($8.4) million, compared to ($11.3) million in the second quarter of 2024.

Non-GAAP net income was $3.2 million or 4% of revenue, compared to $4.1 million or 5% of revenue in the second quarter of 2024.

GAAP basic net loss per share was ($0.10) based on 80.1 million shares of common stock, compared to ($0.15) based on 77.5 million shares of common stock in the second quarter of 2024.

Non-GAAP basic net income per share was $0.04 based on 80.1 million shares of common stock, compared to $0.05 based on 77.5 million shares of common stock in the second quarter of 2024.

Adjusted EBITDA

Adjusted EBITDA was $5.7 million, compared to $3.0 million in the second quarter of 2024.

Cash

Cash, cash equivalents, restricted cash, and marketable securities totaled $135.6 million as of June 30, 2025.

For the three months ended June 30, 2025, net cash provided by operating activities was $13.6 million, compared to $11.7 million provided by operating activities for the same period in 2024. We reported free cash flow of $11.9 million in the three months ended June 30, 2025.

Business Highlights:

Corporate Highlights

Former Adobe Fellow and Vice President of Technology Anil Kamath joined the Company’s Board of Directors.
In July, BigCommerce scored 24 out of 24 total medals in the 2025 Paradigm B2B Combines for Digital Commerce Solutions (Enterprise and Midmarket Editions) for the third consecutive year. The Company advanced its rankings in five categories in both Editions and achieved more Gold medals in Midmarket than other platforms.
In July, BigCommerce also announced the launch of the B2B Quick Start Accelerator, a partner-led implementation program built to help mid-market B2B sellers launch faster, reduce risk and realize ROI sooner.
TrustRadius recognized Commerce with a 2025 Top Rated Award for ecommerce, based on the Company’s strong customer reviews.

Customer Highlights

Minerva Beauty, a large salon and spa equipment showroom in the United States, launched a new storefront in partnership with Commerce agency partner Forix, featuring a custom shipping app that improves service and transparency for clients.
Great Star Tools, a leading manufacturer of innovative hand and power tools, used Commerce’s Multi-Storefront functionality to build B2B and B2C sites for its companies Primeline Parts and Arrow Tool Group.
Belami e-Commerce, a fast-growing online retailer and ecommerce services provider launched three storefronts on Catalyst and Makeswift using Commerce’s Multi-Storefront functionality and leveraging Commerce’s integration with PayPal Fastlane.
NanoTemper Technologies, a manufacturer of high-quality biophysical instruments and solutions that deliver reliable, precise results to customers, primarily laboratories, across Europe and the United States, launched a new storefront using Commerce’s B2B Edition.
Bright SG, a software company that provides cloud-based solutions for accounting, payroll, and HR to businesses across the UK and Ireland, worked with Commerce partner Brave Bison to implement a custom recurring payment solution using Stripe and Bright’s ERP system, Maxio, along with a custom WordPress integration.

Partner Highlights

In June, Commerce announced their customers now have access to cutting-edge AI-powered search engine Perplexity to optimize visibility and relevance for brands in AI search results. Commerce now provides Perplexity with pre-optimized, structured product data, ensuring that the LLM understands and recognizes merchants’ products, leading to superior search results that favor the brand.
In July, Commerce announced a deepened partnership with Google Cloud to accelerate merchant performance using Google Cloud’s next-generation AI tools.
In July, Commerce announced the launch of a powerful ecommerce accelerator purpose-built for the UK building materials industry. Developed in collaboration with leading digital agency Brave Bison, Product Information Management technology provider Pimberly, and construction industry consultant The Journey, the “Branch of the Future” accelerator provides building merchants with a comprehensive toolkit to digitize operations, meet the expectations of next-generation buyers and future-proof their businesses.

Q3 and 2025 Financial Outlook:

For the third quarter of 2025, we currently expect:

Total revenue between $85 million to $87 million.

Non-GAAP operating income is expected to be between $2.3 million to $3.3 million.

For the full year 2025, we currently expect:

Total revenue between $339.6 million and $346.6 million.

Non-GAAP operating income between $19 million and $25 million.

Our third quarter and 2025 financial outlook is based on a number of assumptions that are subject to change and many of which are outside our control. If actual results vary from these assumptions, our expectations may change. There can be no assurance that we will achieve these results.

We do not provide guidance for loss from operations , the most directly comparable GAAP measure to Non-GAAP operating income, and similarly cannot provide a reconciliation between its forecasted Non-GAAP operating income and Non-GAAP income per share and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within our control and may vary greatly between periods and could significantly impact future financial results.

Conference Call Information

The financial results and business highlights will be discussed on a conference call and webcast scheduled at 7:00 a.m. CT (8:00 a.m. ET) on Thursday, July 31, 2025. The conference call can be accessed by dialing (833) 634-1254 from the United States and Canada or (412) 317-6012 internationally and requesting to join the “Commerce conference call.” The live webcast of the conference call can be accessed from Commerce’s investor relations website at http://investors.bigcommerce.com.

Following the completion of the call through 11:59 p.m. ET on Thursday, August 7, 2025, a telephone replay will be available by dialing (877) 344-7529 from the United States, (855) 669-9658 from Canada or (412) 317-0088 internationally with conference ID 7863771. A webcast replay will also be available at http://investors.bigcommerce.com for 12 months.

About Commerce

Commerce empowers businesses to innovate, grow, and thrive by providing an open, AI-driven commerce ecosystem. As the parent company of BigCommerce, Feedonomics, and Makeswift, Commerce connects the tools and systems that power growth, enabling businesses to unlock the full potential of their data, deliver seamless and personalized experiences across every channel, and adapt swiftly to an ever-changing market. Trusted by leading businesses like Coldwater Creek, Cole Haan, Harvey Nichols, King Arthur Baking Co., Melissa & Doug, Mizuno, Patagonia, Perry Ellis, Puma, SportsShoes, and Uplift Desk, Commerce delivers the storefront control, optimized data, and AI-ready tools businesses need to grow, serve diverse buyers, and operate with confidence in an increasingly intelligent, multi-surface world. For more information, visit commerce.com or follow us on X and LinkedIn.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “outlook,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “strategy,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our ability to successfully execute our rebranding initiative, our increased focus on AI enablement, market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our Q3 and fiscal 2025 financial outlook, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others, our business would be harmed by any decline in new customers, renewals or upgrades, our limited operating history makes it difficult to evaluate our prospects and future results of operations, we operate in competitive markets, we may not be able to sustain our revenue growth rate in the future, our business would be harmed by any significant interruptions, delays or outages in services from our platform or certain social media platforms, and a cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks could negatively affect our business. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024 and the future quarterly and current reports that we file with the SEC. Forward-looking statements speak only as of the date the statements are made and are based on information available to Commerce at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Commerce assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Use of Non-GAAP Financial Measures

We have provided in this press release certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Our management uses these Non-GAAP financial measures internally in analyzing our financial results and believes that use of these Non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar Non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable financial measures prepared in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical Non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.

Annual Revenue Run-Rate

We calculate annual revenue run-rate at the end of each month as the sum of: (1) contractual monthly recurring revenue at the end of the period, which includes platform subscription fees, invoiced growth adjustments, feed management subscription fees, recurring professional services revenue, and other recurring revenue, multiplied by twelve to prospectively annualize recurring revenue, and (2) the sum of the trailing twelve-month non-recurring and variable revenue, which includes one-time partner integrations, one-time fees, payments revenue share, and any other revenue that is non-recurring and variable.

Enterprise Account Metrics

To measure the effectiveness of our ability to execute against our growth strategy, we calculate ARR attributable to Enterprise Accounts. We define Enterprise Accounts as accounts with at least one unique Enterprise plan subscription or an enterprise level feed management subscription (collectively “Enterprise Accounts”). These accounts may have more than one Enterprise plan or a combination of Enterprise plans and non-enterprise plans.

Average Revenue Per Account

We calculate average revenue per account (“ARPA”) for accounts in the Enterprise cohort at the end of a period by including customer-billed revenue and an allocation of partner and services revenue, where applicable. We allocate partner revenue, where applicable, primarily based on each customer’s share of gross merchandise volume (“GMV”) processed through that partner’s solution. For partner revenue that is not directly linked to customer usage of a partner’s solution, we allocate such revenue based on each customer’s share of total platform GMV. Each account’s partner revenue allocation is calculated by taking the account’s trailing twelve-month partner revenue, then dividing by twelve to create a monthly average to apply to the applicable period in order to normalize ARPA for seasonality.

Adjusted EBITDA

We define Adjusted EBITDA as our net loss, excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition related costs, restructuring charges, depreciation, gain on convertible notes extinguishment, interest income, interest expense, other expense, and our provision or benefit for income taxes.

Acquisition related costs include contingent compensation arrangements entered into in connection with acquisitions and achieved earnout related to an acquisition.

Restructuring charges include severance benefits, right-of-use asset impairments, lease termination gain, software impairments, accelerated depreciation and amortization, and professional services costs.

Depreciation includes depreciation expenses related to the Company’s fixed assets.

The most directly comparable GAAP measure is net loss.

Non-GAAP Operating Income (Loss)

We define Non-GAAP Operating Income (Loss) as our GAAP Loss from operations, excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition related costs, and restructuring charges. The most directly comparable GAAP measure is our loss from operations.

Non-GAAP Net Income (Loss)

We define Non-GAAP Net Income (Loss) as our GAAP net loss, excluding the impact of stock-based compensation expense and related payroll tax costs, amortization of intangible assets, acquisition related costs, restructuring charges, and gain on convertible notes extinguishment. The most directly comparable GAAP measure is our net loss.

Non-GAAP Basic and Dilutive Net Income (Loss) per Share

We define Non-GAAP Basic and Dilutive Net Income (Loss) per Share as our Non-GAAP net income (loss), defined above, divided by our basic and diluted GAAP weighted average shares outstanding. The most directly comparable GAAP measure is our basic net loss per share.

Free Cash Flow

We define Free Cash flow as our GAAP cash flow provided by (used in) operating activities less our cash paid for website domain name and GAAP purchases of property, equipment, leasehold improvements and capitalized internal-use software (Capital Expenditures). The most directly comparable GAAP measure is our cash flow provided by (used in) operating activities.

BigCommerce,® the Commerce logo, and other brands are the trademarks or registered trademarks of BigCommerce Pty. Ltd. Third-party trademarks and service marks are the property of their respective owner.

Media Relations Contact	Investor Relations Contact
Brad Hem	Tyler Duncan
PR@Commerce.com	InvestorRelations@Commerce.com


Commerce.com, Inc. Condensed Consolidated Balance Sheets (in thousands)

	June 30,			December 31,
	2025			2024
	(unaudited)
Assets
Current assets
Cash and cash equivalents	$	46,265		$	88,877
Restricted cash		1,164			1,479
Marketable securities		88,190			89,283
Accounts receivable, net		51,767			48,117
Prepaid expenses and other assets, net		14,722			14,641
Deferred commissions		7,556			8,822
Total current assets		209,664			251,219
Property and equipment, net		8,983			9,128
Operating lease, right-of-use-assets		7,114			1,993
Prepaid expenses and other assets, net of current portion		5,797			3,146
Deferred commissions, net of current portion		4,143			5,559
Intangible assets, net		14,906			17,317
Goodwill		51,927			51,927
Total assets	$	302,534		$	340,289
Liabilities and stockholders’ equity
Current liabilities
Accounts payable	$	8,775		$	7,018
Accrued liabilities		3,464			3,194
Deferred revenue		55,738			46,590
Operating lease liabilities		1,766			2,438
Other liabilities		28,538			28,766
Total current liabilities		98,281			88,006
Convertible notes		157,545			216,466
Operating lease liabilities, net of current portion		6,709			1,680
Other liabilities, net of current portion		1,233			768
Total liabilities		263,768			306,920
Stockholders’ equity
Common stock		7			7
Additional paid-in capital		669,068			654,905
Accumulated other comprehensive income		114			145
Accumulated deficit		(630,423	)		(621,688	)
Total stockholders’ equity		38,766			33,369
Total liabilities and stockholders’ equity	$	302,534		$	340,289


Commerce.com, Inc. Condensed Consolidated Statements of Operations (in thousands, except per share amounts) (unaudited)

	For the three months ended June 30,						For the six months ended June 30,
	2025			2024			2025			2024
Revenue	$	84,433		$	81,829		$	166,803		$	162,189
Cost of revenue ⁽¹⁾		17,739			19,811			34,723			38,250
Gross profit		66,694			62,018			132,080			123,939
Operating expenses:
Sales and marketing⁽¹⁾		35,071			34,425			65,437			66,857
Research and development⁽¹⁾		18,310			20,287			37,516			40,275
General and administrative⁽¹⁾		15,855			15,436			29,499			30,365
Amortization of intangible assets		2,520			2,452			4,855			4,919
Acquisition related costs		111			334			444			667
Restructuring charges		1,614			2,572			3,526			2,572
Total operating expenses		73,481			75,506			141,277			145,655
Loss from operations		(6,787	)		(13,488	)		(9,197	)		(21,716	)
Gain on convertible note extinguishment		0			0			3,931			0
Interest income		1,171			3,196			2,471			6,374
Interest expense		(2,522	)		(720	)		(5,065	)		(1,440	)
Other expense		(23	)		(111	)		(130	)		(443	)
Loss before provision for income taxes		(8,161	)		(11,123	)		(7,990	)		(17,225	)
Provision for income taxes		(221	)		(132	)		(745	)		(422	)
Net loss	$	(8,382	)	$	(11,255	)	$	(8,735	)	$	(17,647	)
Basic net loss per share	$	(0.10	)	$	(0.15	)	$	(0.11	)	$	(0.23	)
Shares used to compute basic net loss per share		80,122			77,456			79,482			77,041

⁽¹⁾ Amounts include stock-based compensation expense and associated payroll tax costs, as follows:

	For the three months ended June 30,				For the six months ended June 30,
	2025		2024		2025		2024
Cost of revenue	$	720	$	1,028	$	1,466	$	1,684
Sales and marketing		1,820		3,138		3,595		5,005
Research and development		2,740		3,273		5,782		6,749
General and administrative		2,045		2,582		1,901		5,174


Commerce.com, Inc. Condensed Consolidated Statements of Cash Flows (in thousands) (unaudited)

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024

Cash flows from operating activities
Net loss	$	(8,382	)	$	(11,255	)	$	(8,735	)	$	(17,647	)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization expense		3,845			3,512			8,126			6,998
Amortization of discount on convertible notes		165			497			352			994
Amortization of premium on convertible notes		(408	)		0			(810	)		0
Stock-based compensation expense		7,236			10,009			12,445			18,397
Provision for expected credit losses		1,598			850			2,528			1,713
Gain on convertible notes extinguishment		0			0			(3,931	)		0
Other		0			(37	)		0			(37	)
Changes in operating assets and liabilities:
Accounts receivable		(9,005	)		(6,790	)		(5,985	)		(9,378	)
Prepaid expenses and other assets		2,159			3,935			(2,925	)		(1,025	)
Deferred commissions		747			(402	)		2,682			(191	)
Accounts payable		444			(356	)		1,122			(1,245	)
Accrued and other liabilities		8,078			4,168			(59	)		(433	)
Deferred revenue		7,080			7,607			9,148			10,175
Net cash provided by operating activities		13,557			11,738			13,958			8,321
Cash flows from investing activities:
Cash paid for website domain name		0			0			(2,444	)		0
Cash paid for acquisition		0			(100	)		0			(100	)
Purchase of property, equipment, leasehold improvements and capitalized internal-use software		(1,651	)		(1,064	)		(2,476	)		(1,870	)
Maturity of marketable securities		13,000			62,525			41,579			91,965
Purchase of marketable securities		(32,572	)		(1,037	)		(40,517	)		(36,602	)
Net cash provided by (used in) investing activities		(21,223	)		60,324			(3,858	)		53,393
Cash flows from financing activities:
Proceeds from exercise of stock options		1,973			271			3,069			1,245
Taxes paid related to net share settlement of stock options		(126	)		0			(1,351	)		(1,325	)
Payment of convertible note issuance costs		0		0				(217	)	0
Repayment of convertible notes and financing obligation		0			(137	)		(54,528	)		(271	)
Net cash provided by (used in) financing activities		1,847			134			(53,027	)		(351	)
Net change in cash and cash equivalents and restricted cash		(5,819	)		72,196			(42,927	)		61,363
Cash and cash equivalents and restricted cash, beginning of period		53,248			62,012			90,356			72,845
Cash and cash equivalents and restricted cash, end of period	$	47,429		$	134,208		$	47,429		$	134,208
Supplemental cash flow information:
Cash paid for interest	$	0		$	6		$	5,685		$	445
Cash paid for taxes	$	259		$	42		$	479		$	182
Right-of-use asset obtained in exchange for new operating lease liability	$	0		$	0		$	5,516		$	0
Noncash investing and financing activities:
Capital additions, accrued but not paid	$	735		$	117		$	735		$	117
Fair value of shares issued as consideration for acquisition	$	0		$	248		$	0		$	248


Commerce.com, Inc. Disaggregation of Revenue

Disaggregated Revenue:

	Three months ended June 30,				Six months ended June 30,
*(in thousands)*	2025		2024		2025		2024
Subscription solutions	$	63,656	$	61,796	$	125,769	$	122,755
Partner and services		20,777		20,033		41,034		39,434
Revenue	$	84,433	$	81,829	$	166,803	$	162,189

Revenue by Geography:

	Three months ended June 30,				Six months ended June 30,
*(in thousands)*	2025		2024		2025		2024
Revenue:
United States	$	64,405	$	62,428	$	127,026	$	123,567
EMEA		9,889		9,281		19,854		18,473
APAC		6,118		6,343		12,043		12,597
Rest of World		4,021		3,777		7,880		7,552
Revenue	$	84,433	$	81,829	$	166,803	$	162,189


Commerce.com, Inc Reconciliation of GAAP to Non-GAAP Results (in thousands, except per share amounts) (unaudited)

Reconciliation of loss from operations to Non-GAAP operating income:

	Three months ended June 30,								Six months ended June 30,
	2025				2024				2025				2024
*(in thousands)*
Revenue	$	84,433			$	81,829			$	166,803			$	162,189

Loss from operations	$	(6,787	)		$	(13,488	)		$	(9,197	)		$	(21,716	)
Plus:
Stock-based compensation expense and associated payroll tax costs		7,325				10,021				12,744				18,612
Amortization of intangible assets		2,520				2,452				4,855				4,919
Acquisition related costs		111				334				444				667
Restructuring charges		1,614				2,572				3,526				2,572
Non-GAAP operating income	$	4,783			$	1,891			$	12,372			$	5,054
Non-GAAP operating income as a percentage of revenue		5.7		%		2.3		%		7.4		%		3.1		%


Reconciliation of net loss & basic net loss per share to Non-GAAP net income & Non-GAAP basic and diluted net income per share:

	Three months ended June 30,								Six months ended June 30,
	2025				2024				2025				2024
*(in thousands)*
Revenue	$	84,433			$	81,829			$	166,803			$	162,189

Net loss	$	(8,382	)		$	(11,255	)		$	(8,735	)		$	(17,647	)
Plus:
Stock-based compensation expense and associated payroll tax costs		7,325				10,021				12,744				18,612
Amortization of intangible assets		2,520				2,452				4,855				4,919
Acquisition related costs		111				334				444				667
Restructuring charges		1,614				2,572				3,526				2,572
Gain on convertible notes extinguishment		0				0				(3,931	)			0
Non-GAAP net income	$	3,188			$	4,124			$	8,903			$	9,123
Basic net loss per share	$	(0.10	)		$	(0.15	)		$	(0.11	)		$	(0.23	)
Non-GAAP basic net income per share	$	0.04			$	0.05			$	0.11			$	0.12
Non-GAAP diluted net income per share	$	0.04			$	0.05			$	0.11			$	0.12
Shares used to compute basic net loss per share and basic Non-GAAP net income per share		80,122				77,456				79,482				77,041
Shares used to compute diluted Non-GAAP net income per share		80,988				79,291				80,660				79,085
Non-GAAP net income as a percentage of revenue		3.8		%		5.0		%		5.3		%		5.6		%


Reconciliation of net loss to adjusted EBITDA:

	Three months ended June 30,								Six months ended June 30,
	2025				2024				2025				2024
*(in thousands)*
Revenue	$	84,433			$	81,829			$	166,803			$	162,189

Net loss	$	(8,382	)		$	(11,255	)		$	(8,735	)		$	(17,647	)
Plus:
Stock-based compensation expense and associated payroll tax costs		7,325				10,021				12,744				18,612
Amortization of intangible assets		2,520				2,452				4,855				4,919
Acquisition related costs		111				334				444				667
Restructuring charges		1,614				2,572				3,526				2,572
Depreciation		946				1,060				2,190				2,079
Gain on convertible notes extinguishment		0				0				(3,931	)			0
Interest income		(1,171	)			(3,196	)			(2,471	)			(6,374	)
Interest expense		2,522				720				5,065				1,440
Other expenses		23				111				130				443
Provision for income taxes		221				132				745				422
Adjusted EBITDA	$	5,729			$	2,951			$	14,562			$	7,133
Adjusted EBITDA as a percentage of revenue		6.8		%		3.6		%		8.7		%		4.4		%


Reconciliation of Cost of revenue to Non-GAAP cost of revenue:

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
*(in thousands)*
Revenue	$	84,433		$	81,829		$	166,803		$	162,189

Cost of revenue	$	17,739		$	19,811		$	34,723		$	38,250
Less:
Stock-based compensation expense and associated payroll tax costs		720			1,028			1,466			1,684
Non-GAAP cost of revenue	$	17,019		$	18,783		$	33,257		$	36,566
As a percentage of revenue		20.2	%		23.0	%		19.9	%		22.5	%


Reconciliation of Sales and marketing expense to Non-GAAP sales and marketing expense:

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
*(in thousands)*
Revenue	$	84,433		$	81,829		$	166,803		$	162,189

Sales and marketing	$	35,071		$	34,425		$	65,437		$	66,857
Less:
Stock-based compensation expense and associated payroll tax costs		1,820			3,138			3,595			5,005
Non-GAAP sales and marketing	$	33,251		$	31,287		$	61,842		$	61,852
As a percentage of revenue		39.4	%		38.2	%		37.1	%		38.1	%


Reconciliation of Research and development expense to Non-GAAP research and development expense:

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
*(in thousands)*
Revenue	$	84,433		$	81,829		$	166,803		$	162,189

Research and development	$	18,310		$	20,287		$	37,516		$	40,275
Less:
Stock-based compensation expense and associated payroll tax costs		2,740			3,273			5,782			6,749
Non-GAAP research and development	$	15,570		$	17,014		$	31,734		$	33,526
As a percentage of revenue		18.4	%		20.8	%		19.0	%		20.7	%


Reconciliation of General and administrative expense to Non-GAAP general and administrative expense:

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
*(in thousands)*
Revenue	$	84,433		$	81,829		$	166,803		$	162,189

General & administrative	$	15,855		$	15,436		$	29,499		$	30,365
Less:
Stock-based compensation expense and associated payroll tax costs		2,045			2,582			1,901			5,174
Non-GAAP general & administrative	$	13,810		$	12,854		$	27,598		$	25,191
As a percentage of revenue		16.4	%		15.7	%		16.5	%		15.5	%


Reconciliation of net cash provided by operating activities to free cash flow:

	Three months ended June 30,						Six months ended June 30,
	2025			2024			2025			2024
*(in thousands)*
Net cash provided by operating activities	$	13,557		$	11,738		$	13,958		$	8,321
Cash paid for website domain name		0			0			(2,444	)		0
Purchase of property, equipment, leasehold improvements and capitalized internal-use software		(1,651	)		(1,064	)		(2,476	)		(1,870	)
Free cash flow	$	11,906		$	10,674		$	9,038		$	6,451

The MIL Network –

August 5, 2025

MIL-OSI Economics: Galaxy Z Fold7 Achieves Record-breaking Milestone in the US

Source: Samsung

Samsung pioneered the foldable smartphone category more than six years ago, and now, in its seventh generation, is raising the bar on what a smartphone can do. Galaxy Z Fold7 and Galaxy Z Flip7 offer powerful performance, refined AI experiences, and enhanced durability in incredibly thin and light designs. And the latest Z series advancements are fueling new levels of interest from consumers.
Both Galaxy Z Fold7 and Galaxy Z Flip7 saw more than a 25% increase in total preorders compared to the previous generation. That includes more Galaxy Z Fold7 pre-orders than any previous Z Fold device in US history. As part of that, carrier partners saw nearly a 60% pre-order jump cumulatively for both devices compared to last year’s models. In-store shoppers are taking advantage of getting their hands on the devices, with thin, light and compact designs, as well as camera improvements being among the top interest drivers.
Since last week’s general availability, momentum for both devices remain strong, with orders continuing to outpace the previous generation by more than 25%. Further, Galaxy Z Fold7 is out pacing its previous model by nearly 50% since availability opened on July 25.

“Foldables have reached an inflection point as they are becoming a mainstream choice for users,” said Drew Blackard, Senior Vice President of Mobile Product Management at Samsung Electronics America. “Now on our seventh generation, we’ve addressed consumer feedback year after year and have arrived at the kind of experience you can’t get on any other device. When people go hands-on with a Z series device, they’re hooked — and now it’s all coming together with record-breaking numbers.”

As interest in Z series foldables continues to grow, user trends are shifting — mainly their color and style preferences. While black has historically been the preferred choice of Z Fold users, Blue Shadow made up nearly half of Z Fold7 pre-orders. With Galaxy Z Flip7, demand for Coralred color option has also beat expectations, making up 25% of Z Flip7 pre-orders. These trends are remaining steady through the first week of availability.

Both Galaxy Z Fold7 and Galaxy Z Flip7 build on years of consumer feedback, including the cutting-edge AI features for Galaxy Z series unveiled at Galaxy Unpacked in July. Whether you’re a creative looking for powerful tools to take your work to the next level, want to tap into the power of Now Bar1 to stay on top of your busy schedule, or rely on Gemini Live2 for helpful, intuitive AI-powered conversations, the Galaxy Z series brings together the best of Galaxy to offer an ultra-like experience for the first time on Flip and Fold.
Building on decades of smartphone innovation, the latest additions to the Galaxy Z series are expanding the foldables landscape. And with availability just underway — the full story is still unfolding. Galaxy Z Fold7, Galaxy Z Flip7, and Galaxy Z Flip7 FE are available for purchase now at Samsung.com, Samsung Experience Stores, carriers, and retail stores nationwide.
For more information about the Galaxy Z series, please visit the Samsung US Newsroom, SamsungMobilePress.com and Samsung.com.

MIL OSI Economics –

August 5, 2025

MIL-OSI: Japan Blockchain Week 2025 (Aug 22 – Sep 19) — The Perfect Window to Experience Japan’s Most Vibrant Web3 Scene

Source: GlobeNewswire (MIL-OSI)

TOKYO, July 31, 2025 (GLOBE NEWSWIRE) — If you have ever thought about visiting Japan’s fast-growing crypto ecosystem, this is the year and this is the moment. From August 22 to September 15, 2025, Tokyo will host Japan Blockchain Week 2025 (JBW 2025)—a four-week festival that bundles the country’s flagship Web3 gatherings into one seamless schedule.

Launched in 2022 to connect Japan’s builders and community with the global community, JBW has become the annual rendez-vous for investors, founders, developers, and policymakers who want to see where crypto meets the real world. This summer, one JBW AI summit and 6 headline partner events will create an unparalleled density of talent, capital, and cutting-edge ideas:

Event Schedule

Date	Headline Event	What to Expect
Aug 23	JBW summit AI edition	A deep dive into AI × Web3 and the coming ASI era—governance, privacy, and value creation on a planetary scale.This is a futuristic conference where experts from the AI and web3 industries gather to discuss the updates of society around the world in preparation for the ASI era.
Aug 24	Solana SuperTokyo	SuperTokyo2025 is the largest Solana conference in Japan, organized by the Solana Foundation-certified community “SuperTeam Japan” to promote the growth of the Solana ecosystem in Japan. Once a year, Solana entrepreneurs, users, and fans from Japan and abroad will gather in Tokyo to create useful opportunities, and sessions by famous experts and startup camp programs will be held.
Aug 25-26	WebX	WebX2025 is produced by CoinPost, Japan’s largest Web3 media. The event will take place on August 25th and 26th, 2025 at The Prince Park Tower in Tokyo. WebX2025 is Asia’s largest global conference gathering professionals related to crypto assets, blockchain, and other Web3 technologies, offering visitors a direct interaction with companies, experts, entrepreneurs, investors, government officials, and media from Japan and abroad.
Aug 27	Blockchain Leaders Summit	Unified community: Bridge between Japan and the globe Participants will have an extraordinary opportunity to gain valuable insights directly from esteemed industry leaders and emerging powerhouses actively shaping the future landscape.
Sep 11	Web3privacy now	Web3Privacy Now is a think-and-Do-tank of hundreds of people, projects, and organizations committed to protecting and advancing civil liberties, decentralization, and open-source software. We facilitate cross-stack and cross-community collaboration to drive meaningful impact. We challenge standardization and maximalism, avoid abstractions and stereotypes. We work on the forefront of technology with a poly-disciplinary approach, togetherness, and care, assiting each other in clarifying paths toward effective progress.
Sep 12-15	ETH Tokyo	ETHTokyo is an engaging conference and hackathon for the global Ethereum community where people with all sorts of backgrounds, ideas, and skills come together to share their love for Ethereum and its world..
Sep 16-19	EDCON	Once a year, the most impactful speakers, mentors and projects from around the world are invited to attend and share their message. Prior years include: Paris 2017, Toronto 2018, Sydney 2019, Online 2020-21, San Francisco 2022, Montenegro 2023, Tokyo 2024. EDCON is committed to serving the Ethereum ecosystem by boosting communication and engagement between Ethereum communities worldwide.

Why Plan Your Trip Around JBW 2025?

One flight, five world-class conferences. Every week offers a new flagship event—optimise your travel budget while maximising exposure.
Cross-pollination at its best. Discuss the future of AI x web3 on Saturday,Meet Solana Tokyo community on Sunday, debate business in Japan on Monday, then hack Solidity in September—without leaving Tokyo.
Asia’s most underestimated market. Japan is opening up to token incentives,IP deployment to web3, stablecoin issuance, and DAO frameworks faster than headlines suggest. Tap early.
Seamless logistics. All venues are within 30 minutes of central Tokyo; an English-friendly metro, and top-tier hospitality make navigation easy.
Culture & crypto in one trip. In between conferences and networking nights, enjoy summer festivals, Michelin-level cuisine, and Tokyo’s unique and diverse culture.

Quick Facts

Total 2024 attendance: over 50,000 attends in-person
Official language: English & Japanese (simultaneous interpretation provided)
Hashtag: #JBW2025

About Japan Blockchain Week

Japan Blockchain Week is a not-for-profit movement launched in 2022 to bridge the Japanese and global blockchain industries. By clustering independent conferences and hackathons under a single seasonal banner, JBW lowers friction for overseas participation and accelerates cross-border collaboration.CoinDesk Japan has joined as an special media partner.

Comment from Mai Fujimoto

Co-organizer of Japan Blockchain Week / Co-founder of INTMAX

“Japan Blockchain Week is more than just a series of events — it has evolved into a platform that bridges Japan and the global Web3 community.This year, JBW brings together seven distinct blockchain events across just one month in Japan. Each event has its own theme and character, offering a completely different perspective on the future every week — an unprecedented format.

There are few other occasions where such a diverse group of people from across borders and industries gathers in a single city.Join us this summer in Tokyo and Osaka, and let’s shape the future together!”

Book your flights. Pack your dev laptop. We’ll see you in Tokyo for the most condensed month of Web3 I innovation anywhere in 2025.

Website | X

Contact:
Mio Nanase
staff@japanblockchainweek.jp

Disclaimer: This content is provided by Japan Blockchain Week. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility. Globenewswire does not endorse any content on this page.

Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/44bc5642-92b2-4885-bc2d-52f6a1ab0ad1

The MIL Network –

August 5, 2025

MIL-OSI United Kingdom: Cardiff Capital Region backed by £30m to unlock innovation and growth
Source: United Kingdom – Executive Government & Departments
Press release

Cardiff Capital Region backed by £30m to unlock innovation and growth

English

Cymraeg

Cardiff Capital Region is one of three UK cities and regions supported through the UK Government’s £500m local innovation fund.
Aerial view of Cardiff.

Local partnerships will direct funding to range of priorities, from life sciences to AI, or could capitalise on Cardiff Capital Region’s existing strengths such as in automotive technology to support a greener future

Builds on record £86bn R&D settlement until 2030 and backs local skills to deliver economic growth as part of our Plan for Change

Cardiff Capital Region is among three UK cities and regions receiving at least £30m each from the UK Government to unlock new, locally led innovation that can improve lives across the country, UK Science Minister Lord Vallance has announced today (Tuesday 29 July).

Partnerships between the city region authority, businesses and research organisations will work with UK Research and Innovation (UKRI) to invest the funding into a range of regional and national priorities in science and technology – from life sciences to green energy solutions, AI to engineering, and beyond.

It could even build on the existing strengths of Cardiff, and Wales more widely, from its role in developing electric vehicle components that will help us build a greener world to its data science capabilities which can improve lives from better public services to improving our health.

The funding forms part of the Local Innovation Partnerships Fund (LIPF) of up to £500m, announced ahead of last month’s Spending Review to empower local leaders with skin in the game. It will help target innovation investment and make the most of their communities’ expertise to unleash discoveries that benefit us all and grow the economy as part of our Plan for Change.

The decision to earmark at least £30m to three high-potential areas in Glasgow, Belfast-Derry/Londonderry and Cardiff was reached following collaboration between the UK Government and the governments of Scotland, Northern Ireland and Wales. Seven regions of England were also announced as recipients last month – spanning the North-East to Greater Manchester, Liverpool to London.

The funding was announced as part of a record £86bn R&D settlement until 2030 and will help the Government to deliver our modern Industrial Strategy by backing high growth sectors and bolstering partnerships with industry for long-term economic growth.

UK Science Minister Lord Vallance said:

From driving the development of electric vehicle components that will help deliver a greener planet to cutting-edge data science work, the Cardiff Capital Region playing a leading role in the technologies of the future that can benefit people throughout the UK.

By targeting this funding with local leaders to a range of science and technology sectors we can make the most of the expertise across Cardiff and wider Wales to grow the economy as part of our Plan for Change.

Secretary of State for Wales Jo Stevens said:

This funding from the UK Government is vital to support Wales’s leading science and technology sectors. We are already punching above our weight in areas where there is huge potential for even more growth.

Wales has the talent and expertise to develop high tech solutions to a range of challenges, and this investment will help kickstart innovation, create new well-paid jobs and grow the Welsh economy.

Welsh Government Cabinet Secretary for Economy, Energy and Planning, Rebecca Evans, said:

This investment represents another vote of confidence in the Cardiff capital region and builds on our work supporting its growth, strong university research ecosystem, industry base and innovation clusters over a number of years.

We will continue working closely with the South East Wales Corporate Joint Committee and the UK Government to build on the region’s strengths, attract significant private investment, strengthen regional partnerships and deliver real benefits for people across South East Wales and beyond.

High potential innovation clusters in places that have not been earmarked for funding will also be able to bid into a competition, with UKRI publishing guidance on this competition soon.

The Local Innovation Partnerships Fund represents a significant shift in place-based innovation policy, giving regions greater control over how research and development investment is directed to maximise their innovation potential and drive economic growth.

It builds on the lessons learned from programmes already underway to support high potential innovation clusters in regions across the UK, including the Strength in Places Fund and the Innovation Accelerator pilot scheme and Innovate UK Launchpads.

The Innovation Accelerator pilot scheme alone has leveraged more than

£140 million in new private investment, created hundreds of jobs across the West Midlands, Greater Manchester and Glasgow City Region, and supported a range of new technologies.

It includes those developed by the Greater Manchester advanced diagnostic accelerator, delivering quicker and cheaper detection for liver, heart and lung diseases, whilst Moonbility from the West Midlands is using AI software helping train companies to simulate, in real time, potential disruption to the network so they can alert passengers on delay length, giving advice on replanning journeys.

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Published 31 July 2025
MIL OSI United Kingdom –
August 5, 2025
MIL-OSI: SHARC Energy Ships SHARC WET Systems to US Government-Affiliated Project

Source: GlobeNewswire (MIL-OSI)

VANCOUVER, British Columbia, July 31, 2025 (GLOBE NEWSWIRE) — SHARC International Systems Inc. (CSE: SHRC) (FSE: IWIA) (OTCQB: INTWF) (“SHARC Energy” or the “Company”), a world leader in wastewater energy transfer (“WET”), is proud to announce the shipment of two SHARC 880 WET Systems to a U.S. government-affiliated project. Further information about the project will be released at a later stage.

SHARC Energy’s Wastewater Energy Transfer technology continues to gain momentum in the United States and beyond. Most recently, SHARC Energy’s innovative systems were featured in a Wall Street Journal article spotlighting the emerging role of WET in sustainable infrastructure.

This milestone shipment underscores the Company’s expanding influence and highlights the increasing adoption of WET solutions as cities and governments seek scalable, low-carbon alternatives for heating, cooling and potable hot water.

For more information regarding SHARC Energy and its projects, please visit www.sharcenergy.com.

About SHARC Energy

SHARC International Systems Inc. is a world leader in energy recovery from the wastewater we send down the drain every day. SHARC Energy’s systems recycle thermal energy from wastewater, generating one of the most energy-efficient and economical systems for heating, cooling & hot water production for commercial, residential, and industrial buildings along with thermal energy networks, commonly referred to as “District Energy”.

SHARC Energy is publicly traded in Canada (CSE: SHRC), the United States (OTCQB: INTWF) and Germany (Frankfurt: IWIA) and you can find out more on our SEDAR profile.

Learn more about SHARC Energy: Website | Investor Page | LinkedIn | YouTube | PIRANHA | SHARC

ON BEHALF OF THE BOARD

Fred Andriano
Chairman

The Canadian Securities Exchange does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

Certain statements contained in this news release may constitute forward-looking information. Forward-looking information is often, but not always, identified using words such as “anticipate”, “plan”, “estimate”, “expect”, “may”, “will”, “intend”, “should”, and similar expressions. Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. SHARC Energy’s actual results could differ materially from those anticipated in this forward-looking information because of regulatory decisions, competitive factors in the industries in which the Company operates, prevailing economic conditions, and other factors, many of which are beyond the control of the Company. SHARC Energy believes that the expectations reflected in the forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Any forward-looking information contained in this news release represents the Company’s expectations as of the date hereof and is subject to change after such date. The Company disclaims any intention or obligation to update or revise any forward-looking information whether because of new information, future events or otherwise, except as required by applicable securities legislation.

The MIL Network –

August 5, 2025
MIL-OSI: Vema Hydrogen Names Energy Veteran Jim Kueser Chief Financial Officer

Source: GlobeNewswire (MIL-OSI)

HOUSTON, July 31, 2025 (GLOBE NEWSWIRE) — Today, Vema Hydrogen, developer of a disruptive renewable hydrogen production technology, announced that energy veteran Jim Kueser has joined as Chief Financial Officer. The strategic addition will help advance the company’s expansion across the U.S. and global markets, providing sustainable alternatives to support global energy demand.

As CFO, Jim will lead Vema’s financial unit, including the financing of projects, the ongoing raise of capital as well as joining the leadership team responsible for navigating the long-term strategic roadmap for financing the company. Over the course of three decades of global energy infrastructure and finance experience, he has led 30+ energy infrastructure transactions totaling over $2.9 billion in deployed capital. His expertise will be key as Vema looks to continue its capital campaign and commence the financing of projects to advance its business platform.

“As the energy sector pivots towards clean fuels and feedstocks, and as demand continues to escalate with the emerging appetite of power-hungry AI data centers, Vema’s hydrogen technology is positioned to be a long-term, low-cost solution,” said Jim Kueser, CFO at Vema. “From decades spent scaling energy companies, I’m eager to support Vema’s ambitious approach to hydrogen production that will make a lasting impact on clean energy supply.”

Kueser previously co-founded four separate energy startups and led numerous private equity campaigns. His global energy sector tenure includes leading development, M&A, financing, capital-raise and portfolio optimization via investments in EU, Asia, Central America and the Caribbean.

“With our recent funding, we are making incredible progress in pioneering Engineered Mineral Hydrogen to provide a scalable pathway for clean hydrogen in the U.S.,” said Pierre Levin, CEO of Vema Hydrogen. “As we enter our next phase of development – taking our laboratory R&D to the market – Jim will be central to ensuring that we are progressing financially to produce and supply clean hydrogen that can provide low-carbon energy for centuries to come.”

About Vema Hydrogen
Vema Hydrogen has developed a novel approach for the predictable production of cheap and clean hydrogen: Engineered Mineral Hydrogen. Vema’s technological breakthrough de-risks hydrogen production with precise location targeting and predictable, controlled manufacturing, which makes hydrogen a viable pathway for clean energy production. More https://www.vema.earth/.

Media Contacts
Mission Control for Vema Hydrogen
vema@missionc2.com

The MIL Network –

August 5, 2025
MIL-OSI: Crane Patents Reaches 25% Adoption Among Chambers USA Top IP Litigation Firms

Source: GlobeNewswire (MIL-OSI)

San Francisco, CA, July 31, 2025 (GLOBE NEWSWIRE) — Crane Patents, the AI-assisted platform for accelerating invalidity analysis in patent litigation, announced today that it has been adopted by 25% of the nationally ranked IP litigation practices in Chambers USA 2025 — less than a year after signing its first customer in August 2024.

Of the 32 firms ranked nationally by Chambers USA for IP litigation, eight have become enterprise customers, marking a significant vote of confidence in the platform’s ability to streamline one of the most tedious parts of patent litigation: analyzing prior art and drafting claim charts.

Founded in 2024, Crane Patents was also recognized earlier this year as Law.com’s New Law Company of the Year for 2025, reflecting growing industry momentum behind the platform.

“Crane Patents has turned prior art analysis into an engaging part of our workflow. Our team uses it nearly every day — including weekends.”
— Richard Hung, Global Co-Chair of Litigation, Morrison & Foerster

“Crane Patents keeps the attorney fully in control — it doesn’t do the thinking for us; it just helps us get to the insights faster. We work smarter and faster, without giving up judgment.”
— Doug Kubehl, Co-Chair of Intellectual Property Litigation, Baker Botts

“Crane Patents fits the way our attorneys think — anticipating what they need to see and analyze. It’s transformed our prior art workflow, cutting hours from claim charting and accelerating results for clients.”
— Kelly Hunsaker, Managing Partner, Silicon Valley, Winston & Strawn

Crane Patents was created by former Fortune 500 IP executives and AmLaw 100 attorneys to deliver precision, speed, and control in claim charting and invalidity analysis — all while keeping attorneys firmly in the driver’s seat.

“We built Crane Patents for attorneys who want to engage strategically — not just accept automated answers,” said Dan Lin, co-founder of Crane Patents. “We’re grateful that some of the best IP litigation teams in the country have embraced our approach.”

For more information, visit www.cranepatents.com or email info@cranepatents.com.

The MIL Network –

August 5, 2025
MIL-OSI: ACTFORE Secures Patent for Intelligent Data Extraction from Unstructured Documents, Revolutionizing Breach Response

Source: GlobeNewswire (MIL-OSI)

RESTON, Va., July 31, 2025 (GLOBE NEWSWIRE) — ACTFORE, a leading provider of AI-powered breach response and data mining solutions, announced today the company has been granted a patent from the United States Patent and Trademark Office for its proprietary technology enabling targeted data extraction from unstructured document sets, a first-of-its kind patent in the data mining industry.

Unlike many industries, the data mining and breach response fields have historically lacked patentable innovations due to their reliance on human-driven workflows and off-the-shelf automation. ACTFORE’s achievement represents a major advancement in automated breach response workflows: the first recognized patent for precision data extraction designed specifically to efficiently and accurately extract sensitive data from massive, unstructured information environments following a breach.

“This patent isn’t just a milestone for ACTFORE, but for the entire industry,” said CEO Christian Geyer. “In a space where most work is still done manually or through tedious and inaccurate workflows, we’ve introduced a scalable, intelligent solution that truly learns and adapts and can work alongside our team of onshore experts to create an approach that merges manual precision with deep learning to create a hybrid workflow that is both fast and legally defensible.”

The patent, “Techniques for Targeted Data Extraction from Unstructured Sets of Documents”, refers to ACTFORE’S dynamic interface that allows operators to define “visual boxes” around regions of interest on a document page, then automatically propagate those selections across structurally similar files using deep learning and FAISS-based clustering. Paired with advanced optical character recognition (OCR), the system can extract high-fidelity text, even from scanned or non-machine-readable documents. This allows for targeted, scalable parsing with minimal redundancy and dramatically reduced review time.

“We’ve essentially built a facial recognition system, but for document layouts,” said Yumna Zaidi, Innovations Team Lead at ACTFORE and Lead Inventor on the patent. “Our tech creates unique embedding vectors for each document structure, letting us match and process them with unprecedented speed and accuracy.”

This combination of automation and expert-driven human review ensures that sensitive information such as names, account numbers, or health data can be extracted quickly, accurately, and consistently, even across large and messy data sets.

“Data breaches happen in chaotic, inconsistent environments and ACTFORE is built to handle the complexity,” added Dhiraj Sharma, Senior Data Scientist and Co-Inventor. “By integrating the latest automation and data mining tools with human judgment, we’re able to respond more efficiently and accurately than traditional methods. That’s where this patent truly delivers value.”

The platform supports a wide range of document types—including unstructured and semi-structured PDFs, images, and text files—and automatically preserves selected coordinates for batch processing at scale. This not only accelerates review but also ensures consistent, defensible results across complex, multi-jurisdictional engagements.

“We didn’t just apply automation for the sake of speed. We designed a product that understands the complexity of each task and empowers humans to make better decisions, faster,” said Sanskriti Shivhare, Team Lead and Co-Inventor.

This newly issued patent strengthens ACTFORE’s growing intellectual property portfolio and reflects its continued investment in transforming breach response through applied AI. As data breach volumes rise and regulatory timelines tighten, ACTFORE’s patented technology sets a new industry benchmark for intelligent, scalable remediation.

About ACTFORE
ACTFORE delivers advanced AI/ML-powered data mining solutions for legal counsel, insurance carriers, and corporations, specializing in swiftly detecting and uncovering compromised sensitive information in cyber breaches. Capable of processing over 1 million files per hour, ACTFORE’s on-premises, on-shore, technology-first approach offers the fastest and most accurate assessments, enabling clients to quickly understand the scope of exfiltration, mitigate risk, and make informed decisions about ransom payments. Clients maintain full control of their data through ACTFORE’s secure lab or local deployment options. Trusted by over 25 insurance carriers and 35 law firms, including premier Am Law 100 firms, ACTFORE sets the new standard in incident response and data forensics. For more information, please visit www.actfore.com.

Press Contact:

Gilda Safowaa
Communications & Content Strategist
240-482-9570
Gilda.Safowaa@actfore.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6ab26563-863e-4323-9b45-45a6c178bd92

The MIL Network –

August 5, 2025

MIL-OSI: GraniteShares Announces Weekly Distributions for its YieldBOOST ETFs: COYY, TSYY, NVYY, XBTY, TQQY and YSPY

Source: GlobeNewswire (MIL-OSI)

New York, July 31, 2025 (GLOBE NEWSWIRE) — GraniteShares today announced the weekly distributions for its GraniteShares YieldBOOST ETFs: COYY, TSYY, NVYY, XBTY, TQQY and YSPY, as shown in the table below.

ETF Ticker	ETF Name	Distribution Frequency	Distribution per Share		Distribution Rate^1,³		30-Day SEC Yield²		ROC⁴		Ex-Date & Record Date⁵^,⁶	Payment Date⁷
COYY	GraniteShares YieldBOOST COIN ETF	Weekly	$	0.8413	180.02	%	–		0.00	%	Aug 01, 2025	Aug 05, 2025
TSYY	GraniteShares YieldBOOST TSLA ETF	Weekly	$	0.2368	139.98	%	0.21	%	98.33	%	Aug 01, 2025	Aug 05, 2025
NVYY	GraniteShares YieldBOOST NVDA ETF	Weekly	$	0.5222	100.01	%	0.00	%	0.00	%	Aug 01, 2025	Aug 05, 2025
XBTY	GraniteShares YieldBOOST Bitcoin ETF	Weekly	$	0.4725	99.97	%	0.23	%	5.44	%	Aug 01, 2025	Aug 05, 2025
TQQY	GraniteShares YieldBOOST QQQ ETF	Weekly	$	0.1864	50.01	%	0.54	%	0.00	%	Aug 01, 2025	Aug 05, 2025
YSPY	GraniteShares YieldBOOST SPY ETF	Weekly	$	0.1954	49.99	%	0.91	%	0.00	%	Aug 01, 2025	Aug 05, 2025

Distributions are not guaranteed

Standardized Performance and Fund details can be obtained by clicking the ETF Ticker in the table above or by visiting us at www.graniteshares.com.

¹The Distribution Rate shown is as of based of the NAV per share as of July 30, 2025, adjusted for corporate actions. The Distribution Rate is the annual rate an investor would receive if the most recent distribution remained the same going forward. The rate represents a single distribution from the fund and does not represent total return to the fund. The distribution rate is calculated by annualizing the most recent distribution and dividing it by the most recent NAV adjusted for corporate actions.

²The 30-Day SEC Yield represents the net investment income (excluding option income) earned by the ETF over the 30-day period ended June 30, 2025. It is expressed as an annualized percentage rate based on the ETF’s share price at the end of that period. This metric does not reflect the total income generated by the fund, as it excludes option premium income central to the YieldBOOST strategy.

³Each GraniteShares YieldBOOST ETF seeks to generate income by selling put options on the underlying asset. While this strategy can generate attractive premiums, it generally caps the upside potential of the ETF. If the reference asset appreciates significantly, the ETF will not fully participate in those gains. However, if the reference asset declines in value, the ETF may experience losses that are not offset by the income received. Investors may be exposed to downside risk while forgoing upside participation.

⁴ROC or Return of Capital indicates how much the distribution reflects an investor’s initial investment. The figures shown for each Fund in the table above are estimates based on the latest 19a1 forms and may later be determined to be taxable net investment income, short-term gains, long-term gains (to the extent permitted by law), or return of capital. Actual amounts and sources for tax reporting will depend upon the Fund’s investment activities during the remainder of the fiscal year and may be subject to changes based on tax regulations. Your broker will send you a Form 1099-DIV for the calendar year to tell you how to report these distributions for federal income tax purposes.

⁵Ex-Date: The first day an ETF trades without the right to receive the upcoming distribution

⁶Record Date: The cut-off date set by the company to determine which ETF holders are eligible to receive the distribution

⁷Payment Date: Date on which the distribution is paid to eligible ETF holders.

Fund shareholders are not entitled to any distribution paid by the Underlying ETFs.

GraniteShares Advisors LLC has contractually agreed to waive its fees and/or pay for operating expenses of the Fund to ensure that total annual fund operating expenses (exclusive of any (i) interest, (ii) brokerage fees and commission, (iii) acquired fund fees and expenses, (iv) fees and expenses associated with instruments in other collective investment vehicles or derivative instruments (including for example options and swap fees and expenses), (v) interest and dividend expense on short sales, (vi) taxes, (vii) other fees related to underlying investments (such as option fees and expenses or swap fees and expenses), (viii) expenses incurred in connection with any merger or reorganization or (ix) extraordinary expenses such as litigation) will not exceed 1.15%. This agreement is effective until December 31, 2025, and it may be terminated before that date only by the Trust’s Board of Trustees. GraniteShares Advisors LLC may request recoupment of previously waived fees and paid expenses from the Fund for three years from the date such fees and expenses were waived or paid, if such reimbursement will not cause the Fund’s total expense ratio to exceed the expense limitation in place at the time of the waiver and/or expense payment and the expense limitation in place at the time of the recoupment.

This website and its content have been provided by GraniteShares.

Fund is newly launched and has risks associated with its limited operating history.

The performance data quoted above represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted above. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. Performance current to the most recent month-end can be obtained by calling (844) 476 8747.

Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a Prospectus or summary prospectus with this and other information about the Funds, please call (844) 476 8747 or. Read the prospectus or summary prospectus carefully before investing.

The Distribution Rate and 30-Day SEC Yield is not indicative of future distributions, if any, on the ETFs. In particular, future distributions on any ETF may differ significantly from its Distribution Rate or 30-Day SEC Yield. You are not guaranteed a distribution under the ETFs. Distributions for the ETFs (if any) are variable and may vary significantly from month to month and may be zero. Accordingly, the Distribution Rate and 30-Day SEC Yield will change over time, and such change may be significant. The distribution may include a combination of ordinary dividends, capital gain, and return of investor capital, which may decrease a fund’s NAV and trading price over time. As a result, an investor may suffer significant losses to their investment. These distribution rates caused by unusually favorable market conditions may not be sustainable. Such conditions may not continue to exist and there should be no expectation that this performance may be repeated in the future. Additional fund risks can be found below.

An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps are subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, Affiliated Fund Risk, Put Writing Strategy Risk, Option Market Liquidity Risk, Counterparty Risk, Distribution Risk, & NAV Erosion Risk Due to Distribution. These and other risks can be found in the prospectus.

There is no guarantee that the Fund’s investment strategy will be properly implemented, and an investor may lose some or all of its investment.

An Investment in the Fund is not an investment in the Underlying ETFs

– The Fund’s strategy will cap its potential gain if the Underlying ETFs share increases in value.
– The Fund’s strategy is subject to all potential losses if the Underlying ETFs share decline, which may not be offset by the income received by the Fund,
– The Fund does not invest directly in the Underlying ETFs,
– Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions and frequent trading may incur brokerage costs that detract significantly from the returns.

This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

THE FUNDS AREDISTRIBUTED BY ALPS DISTRIBIUTORS, INC. GRANITESHRES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFS, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

Media contact:

Gregory FCA for GraniteShares
Te’a Gray, 203-815-4514
graniteshares@gregoryfca.com

The MIL Network –

August 5, 2025

MIL-OSI: authID Launches Identity Exchange (IDX) to Eliminate Enterprise Identity Blind Spots, in Strategic Partnership with NEC Networks & System Integration Corporation (NESIC)
Source: GlobeNewswire (MIL-OSI)

New platform delivers passwordless, privacy-first, and interoperable digital credentials to modernize identity security and support Zero Trust architecture

DENVER, July 31, 2025 (GLOBE NEWSWIRE) — authID® (Nasdaq: AUID) (“authID”), a leading provider of biometric identity verification and authentication solutions, today announced the launch of authID Identity Exchange (IDX), a next-generation platform purpose-built to close long-standing gaps in enterprise identity and access management. IDX modernizes identity management with biometric-bound, passwordless, interoperable credentials that stop phishing attacks, ensuring only verified users can access sensitive systems and data.

Developed in strategic partnership with NESIC, a subsidiary of NEC Corporation, and a leader in integrated IT and network solutions for digital transformation (DX), IDX allows authorized personnel to create or claim a central credential that can be leveraged across multiple subsidiaries of a large enterprise, simplifying and securing the management of workforce identities.

With IDX, organizations can eliminate ghost accounts and shared credentials for every identity in the enterprise, automate onboarding through secure document verification, and extend protections to full-time employees and contractors alike. The platform also helps reduce identity-related IT support costs while ensuring compliance with global data security and privacy regulations.

“At authID, our mission is to solve pain points in today’s identity infrastructure, particularly those that continually expose large, complex organizations to breaches, fraud, operational friction, and unnecessary compliance risks,” said Rhon Daguro, CEO of authID. “IDX helps redefine how identity verification should work in a Zero Trust world: unphishable, privacy-first, frictionless, and built to secure every identity across the extended enterprise.”

IDX is the first enterprise platform built on the Accountable Digital Identity Association (ADI Association) specification (now part of the Secure Identity Alliance or SIA), ensuring it is aligned with global interoperability and data sovereignty standards. Key innovations include:
- Privacy-by-Design: Leveraging privacy-preserving biometrics (via authID’s PrivacyKey^TM), IDX authenticates users without storing sensitive biometric data, eliminating honeypots and supporting compliance with GDPR, HIPAA, BIPA and other regulatory frameworks.
- Frictionless Authentication: IDX is the first platform to combine authID’s PrivacyKey biometric protocol with FIDO2 in a single implementation, enabling strong, unphishable, and passwordless logins for every enterprise identity.
- AI-Driven Identity Lifecycle Management: From onboarding to revocation, IDX uses intelligent automation to reduce IT overhead and ensure policy compliance.
- Plug-and-Play Integration: IDX works seamlessly with leading Identity and Access Management (IAM) platforms including Microsoft Entra ID, Okta, and Ping Identity, while also interoperating with emerging global identity exchanges.
“NESIC and authID share a vision for a more secure and connected digital future where every identity is verified, protected, and interoperable,” said Osamu Kikuchi, EVP, CDO, CIO, and member of the board at NEC Networks & System Integration Corporation. “Having launched the Japanese Identity Exchange via our Symphonict Trust framework, we’re excited to partner with authID to expand this vision globally.”

The initial target use cases available at deployment include:
- Enterprise workforce authentication across devices and locations.
- Contractor and vendor onboarding without shared accounts.
- Supply chain security and access governance.
- Government and public-sector federated credentials.
- Call centers and support with strong agent authentication.
“IDX represents a foundational shift in how enterprises manage identity: decentralized, privacy-first, and built for a connected world,” said Ramesh Kesanupalli, co-founder of the ADI Association and FIDO Alliance founder. “This is the future of identity in motion.”

About authID
authID (Nasdaq: AUID) ensures enterprises “Know Who’s Behind the Device™” for every customer or employee login and transaction through its easy-to-integrate, patented biometric identity platform. authID powers biometric identity proofing in 700ms, biometric authentication in 25ms, and account recovery with a fast, accurate, user-friendly experience. With our ground-breaking PrivacyKey™ solution, authID provides a 1-to-1-billion false match rate, while storing no biometric data. authID stops fraud at onboarding, blocks deepfakes, prevents account takeover, and eliminates password risks and costs, through the fastest, most frictionless, and most accurate user identity experience demanded by today’s digital ecosystem. For further information please visit authid.ai.

Media Contacts

NextTech Communications
Walter Fowler
1-631-334-3864
wfowler@nexttechcomms.com

Investor Relations Contacts

Investor-relations@authid.ai

The MIL Network –
August 5, 2025
MIL-OSI: Cerence AI to Participate in Two Investor Conferences in August
Source: GlobeNewswire (MIL-OSI)

BURLINGTON, Mass., July 31, 2025 (GLOBE NEWSWIRE) — Cerence Inc. (NASDAQ: CRNC) (“Cerence AI”), a global leader pioneering conversational AI-powered user experiences, today announced that the company will participate in two investor conferences in August:
- Raymond James Industrial Showcase – Cerence AI will host one-on-one investor meetings at the virtual investor conference on Thursday, August 14, 2025.
- Needham & Company’s 6^thAnnual Virtual Semiconductor & SemiCap 1×1 Conference – Cerence AI will host one-on-one investor meetings at the conference on Thursday, August 21, 2025.
To schedule a meeting, please contact your Raymond James or Needham representative, or Cerence AI Investor Relations at cerence@pondel.com.

To learn more about Cerence AI, visit www.cerence.ai, and follow the company on LinkedIn.

About Cerence Inc.
Cerence Inc. (NASDAQ: CRNC) is a global industry leader in creating intuitive, seamless, AI-powered experiences across automotive and transportation. Leveraging decades of innovation and expertise in voice, generative AI, and large language models, Cerence powers integrated experiences that create safer, more connected, and more enjoyable journeys for drivers and passengers alike. With more than 525 million cars shipped with Cerence technology, the company partners with leading automakers, transportation OEMs, and technology companies to advance the next generation of user experiences. Cerence is headquartered in Burlington, Massachusetts, with operations globally and a worldwide team dedicated to pushing the boundaries of AI innovation. For more information, visit www.cerence.ai.

Contact Information

Media Relations: press@cerence.com

Investor Relations: cerence@pondel.com

The MIL Network –
August 5, 2025
MIL-OSI: ReconAfrica Provides a Corporate Update and Announces That the Kavango West 1X Well Has Started Drilling

Source: GlobeNewswire (MIL-OSI)

CALGARY, Alberta, July 31, 2025 (GLOBE NEWSWIRE) — Reconnaissance Energy Africa Ltd. (the “Company” or “ReconAfrica”) (TSXV: RECO) (OTCQX: RECAF) (Frankfurt: 0XD) (NSX: REC) announces that the Kavango West 1X exploration well is currently drilling and provides a corporate update on ongoing operations.

Kavango West 1X (Prospect I) – Well Spud on July 31st

The Kavango West 1X exploration prospect spud on July 31st. The well is planned to reach total depth (TD) of approximately 3,800 metres (12,500 feet) by the end of November 2025 and is expected to penetrate over 1,500 metres of Otavi carbonate reservoir section, which is the primary target of the Damara Fold Belt play. The prospect is a large structural fold identified on modern 2D seismic data, which extends over 22 kilometers long by 3 kilometers wide. The Company has identified over 19 prospects and four leads mapped in the Damara Fold Belt trend, with an additional 5.0 million acres captured in a recently executed Memorandum of Understanding in offsetting Angola. More information about the Damara Fold Belt Play, and the Kavango West 1X well, can be found in the Corporate Presentation available on the Company’s website.

Brian Reinsborough, President and CEO stated: “We are pleased to announce that we have started drilling the Kavango West 1X well. This is an exciting time for everyone at the Company, our partners and stakeholders in Namibia and, of course, shareholders alike. Originally, the Kavango West 1X location was not scheduled to be the next well, but the location was reprioritized after the results of our last well, Naingopo. While this reprioritizing resulted in a slightly longer lead time to spud this location, the Company prioritizes rigorous technical appraisal with respect to location selection to ensure we have the best possible chance for commercial success. We think that the Kavango West 1X prospect represents our best opportunity in the Damara Fold Belt to unlock the potential of this play and we look forward to reporting results expected before year-end 2025.”

Chris Sembritzky, SVP Exploration commented: “By utilizing our learnings from the Naingopo well, Kavango West 1X represents the best opportunity we have identified on seismic in the Damara Fold Belt play due to its size, hydrocarbon migration pathway and well defined four-way closure. With our new subsurface learnings, highly experienced drilling crew and optimized, built for purpose drill bits, we believe that we have captured the best possible chance for drilling an efficient, safe and commercially successful well.”

Corporate Update

Due to our ongoing drilling activities, the previously announced 3D seismic program that had been scheduled for the second half of 2025 has been moved to the 2026 operating program.The Company is continually reviewing potential investment opportunities that may include acquisition of further acreage for exploration, development and producing properties and joint venture transactions that target acceleration of production and free cash flow, particularly due to the Company’s concentrated asset risk profile.

Stock Option Grants

As part of the annual compensation review, the Company has granted incentive stock options (the “Options”) to certain directors, officers, employees and consultants of the Company to acquire an aggregate of 6,960,000 common shares at an exercise price of $0.60 per share. The Options are exercisable for a five-year term expiring July 31, 2030, and will be subject to certain vesting provisions as determined by the Board of Directors of the Company in accordance with the Company’s Stock Option Plan. The Options granted to insiders are subject to restrictions on resale until November 30, 2025, in accordance with the policies of the TSX Venture Exchange.

About ReconAfrica

ReconAfrica is a Canadian oil and gas company engaged in the exploration of the Damara Fold Belt and Kavango Rift Basin in the Kalahari Desert of northeastern Namibia, southeastern Angola and northwestern Botswana, where the Company holds petroleum licences comprising ~13 million contiguous acres. In all aspects of its operations, ReconAfrica is committed to minimal disturbance of habitat in line with international standards and implementing environmental and social best practices in its project areas.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.

For further information contact:

Brian Reinsborough, President and Chief Executive Officer
Mark Friesen, Managing Director, Investor Relations & Capital Markets

IR Inquiries Email: investors@reconafrica.com

Media Inquiries Email: media@reconafrica.com

Cautionary Note Regarding Forward-Looking Statements:

Certain statements contained in this press release constitute forward-looking information under applicable Canadian, United States and other applicable securities laws, rules and regulations, including, without limitation, statements with respect to the expected timing of spud of the Kavango West 1X well, the well being drilled to a planned total depth of approximately 3,800 metres (12,500 feet), timing to reach total depth of the well, the planning, timing and commencement of a 3D seismic program, identifying and capturing potential opportunities and the Company’s commitment to minimal disturbance of habitat, in line with best international standards and its implementation of environmental and social best practices in its project areas. These statements relate to future events or future performance. The use of any of the words “could”, “intend”, “expect”, “believe”, “will”, “projected”, “estimated” and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on ReconAfrica’s current belief or assumptions as to the outcome and timing of such future events. There can be no assurance that such statements will prove to be accurate, as the Company’s actual results and future events could differ materially from those anticipated in these forward-looking statements as a result of the factors discussed in the “Risk Factors” section in the Company’s annual information form (“AIF”) dated April 29, 2025 for the financial period ended December 31, 2024, available under the Company’s profile at www.sedarplus.ca. Actual future results may differ materially. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to ReconAfrica. The forward-looking information contained in this release is made as of the date hereof and ReconAfrica undertakes no obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Because of the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.

The MIL Network –

August 5, 2025
MIL-OSI: QuestionPro Launches Partnerships Ecosystem to Transform Research Industry

Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — QuestionPro announces the launch of the QuestionPro Partnerships Ecosystem, a comprehensive ecosystem designed to push the traditional boundaries of speed, intelligence, and depth of research norms. This ecosystem positions itself as the definitive platform for next-generation research capabilities.

The future of research will be powered by three forces. Faster research turnaround, smarter research processes, and deeper insights.The goal of the QuestionPro Partnerships Ecosystem is to foster a new culture of collaboration to enable our clients to successfully embrace the future of research. Where the future of insights isn’t siloed but collaborative.

“The question isn’t whether organizations need faster, smarter, deeper research capabilities – it’s whether any single organization can solve all these emerging challenges alone,” said Vivek Bhaskaran, CEO of QuestionPro. “The answer is no. That is at the core of why we built this curated ecosystem.”

“The future of insights will be powered by ecosystems,” said Sumair Sayani, Global Lead AI Programs & Strategic Partnerships. “The QuestionPro Partner Ecosystem democratizes advanced research capabilities, allowing businesses of all sizes to access enterprise-grade tools without complexity.”

The QuestionPro Partnerships Ecosystem is now available worldwide. Special offers are available for early adopters, with broader availability throughout Q3 2025. Offering ready-to-launch solutions for every research need, with AI and automation capabilities that reduce time organizing data while increasing time acting on insights.

About QuestionPro
Founded in 2006, QuestionPro is a global provider of online survey and research services that help companies make better decisions through data. Our fully integrated online platform includes surveys, research & insights, customer experience (CX) and workforce/employee experience software. We additionally offer polling, journey mapping, employee 360s, and data visualization. Our clientele ranges from small businesses to Fortune 100 companies, who rely on us for insights about customers, employees, and the partnerships. With offices in the US, Canada, Mexico, U.K., Germany, Japan, Australia, the United Arab Emirates and India, we offer customers 24-7 access to highly trained support specialists and engineers. More information is available at https://www.questionpro.com/us/

The MIL Network –

August 5, 2025
MIL-OSI: Scality releases open source COSI and CSI drivers to streamline Kubernetes object and file storage provisioning
Source: GlobeNewswire (MIL-OSI)

SAN FRANCISCO, July 31, 2025 (GLOBE NEWSWIRE) — Scality, a global leader in cyber-resilient storage software for the AI era, today announced the release of two open source Kubernetes drivers:
- A Container Object Storage Interface (COSI) driver, compatible with any S3-compatible object storage solution—including Scality’s RING and ARTESCA
- A Container Storage Interface (CSI) driver that allows Kubernetes to provision file storage directly from RING S3 buckets
COSI is an open Kubernetes standard that enables cloud-native applications to provision and consume object storage — such as S3 buckets — using familiar Kubernetes APIs and workflows. Much like the CSI standard for file storage, COSI brings object storage into the Kubernetes ecosystem as a first-class resource. Scality’s COSI driver automates bucket provisioning, credential management, and access controls — eliminating the need for manual configuration or custom scripts.

CSI is an open source interface that enables native Kubernetes integration. It allows developers to provision, attach, mount, and manage file storage volumes directly within their Kubernetes workflows, leveraging massive scale out capabilities of RING.

Users gain streamlined S3 storage operations for both object and file storage
These latest Scality innovations empower organizations and cloud service providers to streamline operations and accelerate development by allowing applications to dynamically request object storage resources using standard Kubernetes APIs. The COSI and CSI drivers automatically handle the backend provisioning of S3 buckets, identity and access management (IAM) credentials, and access configuration all without user intervention.

“Our new COSI and CSI drivers bridge the gap between Kubernetes-native application development and enterprise-grade object storage,” said Erwan Girard, Chief Product Officer, Scality Inc. “By leveraging the standard S3 and IAM APIs — instead of proprietary protocols — we’re providing developers with a completely transparent, standards-based interface for scalable, secure, persistent storage.”

Fully integrated Kubernetes storage, delivered via open source
Unlike alternate methods that require manual configuration or custom scripting, the Scality COSI driver tightly integrates with Kubernetes orchestration. Application developers can simply define bucket claims and access resources within their Kubernetes manifests. The driver automates the creation of S3 buckets on Scality RING, generates user credentials, and stores them securely in Kubernetes for use — all within seconds.

This seamless developer experience is made possible through Scality’s commitment to Kubernetes-native workflows and open-source innovation. Both the COSI and complementary CSI drivers are available as open-source projects, giving users full transparency and flexibility.

“By releasing our COSI and CSI drivers as open source, we’re contributing to the broader Kubernetes and cloud-native ecosystem,” said Girard. “This aligns with our long-standing philosophy of openness and customer choice and reflects our leadership in delivering next-generation solutions for modern applications.”

Automatic S3 bucket access for Kubernetes workloads
The new COSI driver for RING is especially valuable for enterprises and cloud service providers that rely on Kubernetes as a foundation for scalable applications and need integrated access to object storage that is both performant and cost-effective. Whether operating in a private data center or a multi-tenant cloud platform, users benefit from:
- Kubernetes-native provisioning of S3-compatible object storage
- Fully automated credential and bucket management via IAM integration
- Open source availability for transparency and extensibility
- Support for Scality RING, the industry’s fastest object store, also available in all-flash (RING XP) for high-performance workloads
Optional file system support via Scality’s CSI driver
The new Scality open source drivers support a broad range of use cases including cloud-native development, DevOps workflows, data pipeline integration, and multi-tenant SaaS platforms. In addition to Scality’s COSI driver, the CSI driver enables file-based access for Kubernetes workloads that require access to a POSIX-like file system volume while still benefiting from the scalability and cost-efficiency of object storage behind the scenes. This is particularly useful for service providers looking to implement pay-as-you-go billing models that enable users to only pay for what they consume, rather than over-provisioning fixed-capacity file system volumes.

“Scality’s S3 object storage easily scales with demand, provides fast, easy access to data, and offers advanced protection to ensure uninterrupted business operations,” said Jeyhun Garayev, Director of Information Technology Department, AzInTelecom. “The RING environment gives us the flexibility to adapt and expand our infrastructure as our business evolves.”

Available now for Scality RING, ARTESCA and the open source community
The new COSI driver is compatible with both Scality RING and ARTESCA, while the CSI driver is fully qualified for use with Scality RING, the company’s industry-leading object storage platform. The drivers are available at no additional cost for licensed RING and ARTESCA customers and are provided as part of the standard implementation toolkit. As open source software, the code is publicly accessible for evaluation and customization. To access the COSI and CSI drivers for RING/ARTESCA and related documentation, visit:

Read more about our open source COSI driver for Kubernetes in our latest blog:

About Scality
Scality solves organizations’ biggest data storage challenges — growth, security, performance, and cost. Designed for end-to-end cyber resilience, only Scality S3 object storage with CORE5 safeguards data at every level of the system, from API to architecture. Its patented MultiScale Architecture enables limitless, independent scalability in all critical dimensions to meet the unpredictable demands of modern workloads. The world’s most discerning companies depend on Scality to accelerate high-performance AI initiatives, optimize cloud deployments, and defend their data with confidence. Recognized as a leader by Gartner, Scality software is reliable, secure, and sustainable. Follow us on LinkedIn. Visit www.scality.com and our blog.

Media Contact:
Erin Jones
Avista Public Relations for Scality
805.440.6587
scality@avistapr.com

The MIL Network –
August 5, 2025
MIL-OSI: Teads Unveils Connected Ads: A New Premium Brand and Performance Solution for the Open Internet
Source: GlobeNewswire (MIL-OSI)

NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Teads (NASDAQ: TEAD), the omnichannel outcomes platform for the open internet, today announced the beta launch of Connected Ads, an innovative branding solution which expands creative possibilities and engagement across premium publisher environments while reinforcing the company’s core value proposition: to deliver brand-to-performance outcomes at scale.

Connected Ads introduces a unified ad experience featuring two complementary ad placements within the same publisher page – the first embedded within the article and the second at the end of the article. As users scroll through publisher pages, the second ad placement appears, creating a canvas for more opportunities for brands to stand out. Advertisers can use this space for high-impact messaging or introduce interactive elements to deepen engagement. This exclusive format gives advertisers two sequential, high-attention opportunities in a single content session, helping brands build awareness and drive measurable outcomes on the open internet.

“With this unique ad experience, we’re giving brands the ability to cut through the noise and tell new impactful stories,” said Remi Cackel, EVP of Global Demand Product at Teads. “Fully rooted in Teads’ creative excellence, it’s the first step in achieving brandformance goals in one seamless experience, powered by high-quality environments and user-first design.”

Key benefits of Connected Ads include:
- A premium open-web branding format that enables sequential storytelling and deeper engagement.
- High-attention placements that maximize impact without disrupting the user experience.
- An exclusive creative solution, only available on the Teads platform.
- Built for brands that value premium environments, innovation, and brand-to-performance outcomes.
Connected Ads reflects Teads’ ongoing commitment to innovation at the intersection of brand and performance outcomes, enabling advertisers to capitalize on multiple stages of the marketing funnel within a single integrated solution.

The beta launch is live across leading publishers in Germany, France, Italy, Japan, the UK, and the US and is being tested by several enterprise advertisers.

About Teads
Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes for branding and performance objectives, Teads ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 30+ countries.

For more information, visit www.teads.com.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws, which statements involve substantial risks and uncertainties. Forward-looking statements generally relate to possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “guidance,” “outlook,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions.

We have based these forward-looking statements largely on our current expectations and projections regarding future events and trends that we believe may affect our business, financial condition and results of operations. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors, including but not limited to: the risk that advertisers may not adopt our new Connected Ads solution at the rate we expect or that the beta program may not be successful; the risk that our new ad formats, including Connected Ads, may not deliver the anticipated benefits of enhanced attention, storytelling, and brand-to-performance outcomes; risks related to the successful development and scaling of new and complex advertising products; our ability to compete effectively and maintain any technological or creative advantages in the competitive digital advertising market; and the other important risks described in the section entitled “Risk Factors” and elsewhere in the Annual Report on Form 10-K filed for the year ended December 31, 2024, in the Quarterly Report on Form 10-Q filed for the quarter ended March 31, 2025, and in subsequent reports filed with the Securities and Exchange Commission (the “SEC”), which are available on our website at https://investors.teads.com/ and on the SEC’s website at www.sec.gov.

Accordingly, you should not rely upon forward-looking statements as predictions of future events. We cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. We undertake no obligation to update any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events. We do not assume any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Media Contact
press@teads.com

Investor Relations Contact
IR@teads.com
(332) 205-8999

The MIL Network –
August 5, 2025
MIL-OSI: Inuvo to Host Second Quarter 2025 Financial Results Conference Call on Thursday, August 7th at 4:15 P.M. ET

Source: GlobeNewswire (MIL-OSI)

LITTLE ROCK, Ark., July 31, 2025 (GLOBE NEWSWIRE) — Inuvo, Inc. (NYSE American: INUV), a leading provider of artificial intelligence AdTech solutions, will host a conference call on Thursday, August 7, 2025, at 4:15 PM Eastern Time to discuss its financial results and provide a business update for the second quarter ended June 30, 2025.

Conference Call Details:
Date: Thursday, August 7, 2025
Time: 4:15 p.m. Eastern Time
Toll-free Dial-in Number: 1-800-717-1738
International Dial-in Number: 1-646-307-1865
Conference ID: 1148531
Webcast Link: HERE

A telephone replay will be available through Thursday, August 21, 2025. To access the replay, please dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). At the system prompt, please enter the code 1148531 followed by the # sign. You will then be prompted for your name, company, and phone number. Playback will then automatically begin.

About Inuvo

Inuvo^®, Inc. (NYSE American: INUV) is a market leader in Artificial Intelligence built for advertising. Its IntentKey AI solution is a first-of-its-kind proprietary and patented technology capable of identifying and actioning to the reasons why consumers are interested in products, services, or brands, not who those consumers are. To learn more, visit www.inuvo.com.

Inuvo Company Contact:
Wally Ruiz
Chief Financial Officer
Tel (501) 205-8397
wallace.ruiz@inuvo.com

The MIL Network –

August 5, 2025
MIL-OSI Africa: Coca-Cola Beverages Africa celebrates nine years of growth and shared opportunity

Source: APO – Report:

Coca-Cola Beverages Africa (CCBA) (www.CCBAGroup.com) marks nine years since the transformative merger that established it as the continent’s largest Coca-Cola bottling partner.

This milestone is grounded in a proud legacy that began 85 years ago, when the first Coca-Cola was bottled in Gqeberha, South Africa in 1940 by the SA Bottling Company (Pty) Ltd. That same year, Philipp Rowland Gutsche joined the company, beginning a family legacy that would shape the business for generations. From those early beginnings, CCBA has evolved into a key player in Africa’s beverage industry, with a deep commitment to local communities and long-term development.

Today, CCBA continues to invest in new production capacity, reinforcing its belief in Africa’s potential and its commitment to creating shared opportunities across the value chain.

In the past year alone, CCBA has launched new state-of-the-art bottling lines in South Africa, Namibia and Malawi, increasing total production capacity by over 108,000 bottles per hour, and equipped with advanced technology, including artificial intelligence. CCBA has also opened a new polyethylene terephthalate (PET) flaking plant in Namibia which doubled the capacity of the only mechanical recycler of plastic in the country through a partnership with Plastic Packaging. The completion of this cutting-edge recycling facility has enabled Namibia Polymer Recyclers (NPR), a subsidiary of Plastic Packaging, to recycle up to 500 tons of PET per month.

CCBA has also announced the company’s intention to grow its investment in Kenya by up to $175m in the five years between 2024 and 2029, should it achieve its anticipated growth targets in the country.

“These investments are a demonstration of our progress and continued belief in the future of Africa,” said Sunil Gupta, Chief Executive Officer of CCBA.

“They reaffirm the Coca-Cola system’s local approach – we produce locally, distribute locally and, where possible, source locally. Our value chain includes a significant number of businesses, many of them small and medium enterprises (SMEs).

“These investments go beyond numbers, it’s about creating shared opportunities across the value chain,” Gupta said.

“Our vision is to refresh Africa and create shared value. As we celebrate our ninth birthday as a company, we aim to inspire excellence and set the standard as Africa’s leading and most admired company, fostering growth, innovation and impact across the continent,” Gupta said.

– on behalf of Coca-Cola Beverages Africa.

ISSUED BY:
Keli Fernie
Head: Reputation and Communication
Coca-Cola Beverages Africa
Tel: +27 82 419 8766
Email: kfernie@ccbagroup.com

Follow us on:
LinkedIn: https://apo-opa.co/4l54fGW

About CCBA:
CCBA is the eighth largest Coca-Cola bottling partner in the world by revenue, and the largest on the continent. It accounts for over 40% of all Coca-Cola products sold in Africa by volume. With over 17,000 employees in Africa, CCBA services more than 800,000 customers with a host of international and local brands. CCBA operates in 14 countries, South Africa, Kenya, Ethiopia, Uganda, Mozambique, Namibia, Tanzania, Botswana, Zambia, the islands of Comoros and Mayotte, Eswatini, Lesotho, and Malawi.

Learn more at https://www.CCBAGroup.com

Media files

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MIL OSI Africa –

August 5, 2025
MIL-OSI: U.S. Navy Awards $202 Million Contract to SAIC to Continue Advancing Fleet Deployment Training Program

Source: GlobeNewswire (MIL-OSI)

RESTON, Va., July 31, 2025 (GLOBE NEWSWIRE) — Science Applications International Corp. (NASDAQ: SAIC) has been awarded a $202 million contract to provide an extensive range of training solutions for the U.S. Navy, including modernized virtual and synthetic training environments, as part of the Fleet Deployment Training Program. This initiative is crucial to supporting U.S. Fleet Forces (USFF) and associated Fleet commands and activities, significantly enhancing the Navy’s readiness to operate and fight effectively across the globe.

The renewed prime contract includes a 10-month base period of performance, four one-year options and one six-month extension option – ensuring a sustained and robust partnership to fortify the Navy’s training programs.

“Our team is extremely proud to continue this decades-long, dedicated support for the U.S. Navy to advance their operational readiness,” said Barbara Supplee, SAIC executive vice president of Navy Business Group. “This program is integral to ensuring the Navy is thoroughly prepared to execute any mission assigned by Geographic Combatant and Forward Fleet Commanders. It directly enhances the Navy’s ability to deploy and employ all facets of the naval force on a global scale – making a critical difference in combat situations and supporting the Chief of Naval Operation’s priority of developing highly capable warfighting teams equipped for the complexities of modern combat environments.”

Under this contract, SAIC will provide the Navy with extensive training and readiness support capabilities across 19 different headquarters and training commands. This encompasses academic instruction, live exercises, synthetic training events and policy support to ensure comprehensive pre-deployment training and certification, as well as post-deployment sustainment for fleet units and staffs.

SAIC’s support extends to delivering advanced training scenarios through Fleet Synthetic Training and Live, Virtual, and Constructive (LVC) environments. These training methods cover the Fleet Training Continuum from Basic Phase unit-level activities to Advanced Phase certifications, culminating in high-end Integrated Phase major exercises for deployment readiness. Additionally, SAIC will provide reach-back training support to strike groups and amphibious ready groups during deployments, adapting to the evolving operational environments and emerging threats.

This contract underscores SAIC’s long-standing commitment to enhancing the Navy’s global readiness and combat capabilities, playing a pivotal role in improving operational effectiveness and preparedness across the Navy. Our innovative training solutions have been instrumental in ensuring the Navy’s ability to swiftly adapt to evolving threats and operational environments. By equipping naval forces to face challenges and secure strategic interests worldwide, SAIC is playing a critical role in ensuring the Navy’s ability to maintain operational superiority across the globe.

About SAIC
SAIC® is a premier Fortune 500 mission integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion. For more information, visit saic.com. For ongoing news, please visit our newsroom.

Forward-Looking Statements
Forward-Looking Statements Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

Media Contact:
Greg Hicks
619.961.0075 | Gregory.L.Hicks@saic.com

The MIL Network –

August 5, 2025

Category: Artificial Intelligence

HIEMA – NEWS RELEASE – ALL CLEAR-TSUNAMI THREAT

Cardiff Capital Region backed by £30m to unlock innovation and growth

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