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Category: GlobeNewswire

  • MIL-OSI: Sophos Launches New XGS Series of Desktop Firewalls and Updated Firewall Software

    Source: GlobeNewswire (MIL-OSI)

    Nine New Sophos XGS Firewall Appliances Feature Boosted Performance with Reduced Energy Consumption

    Sophos Firewall Software Can Now Use Third-party Threat Intelligence Feeds for Extended Protection Against Cyberattacks

    OXFORD, United Kingdom, Oct. 08, 2024 (GLOBE NEWSWIRE) — Sophos, a global leader of innovative security solutions for defeating cyberattacks, today introduced nine new XGS Series desktop firewall appliances for midmarket and smaller-sized businesses, as well as branch offices of larger organizations. The new XGS appliances feature a streamlined architecture to deliver double the performance of previous models, but with 50% lower energy consumption. All of the new Sophos XGS appliances are available with multiple high-speed connectivity options, and four models are fanless, making them ideal for noise-sensitive environments.

    Sophos has also announced updated Sophos Firewall software that provides enhanced protection against cyberattacks, including the ability to integrate third-party threat intelligence feeds. This allows organizations with specific regional or vertical market requirements to customize and apply additional information to strengthen their firewall security. The new software also enhances distributed network scalability and provides a seamless transition for customers on legacy firewalls to upgrade to the latest Sophos XGS appliances. By leveraging the improved acceleration capabilities of the virtual FastPath in the new Sophos Firewall software, along with the new streamlined architecture, the new Sophos XGS firewall appliances can deliver up to three times the performance in IPsec VPN throughput compared to previous models.

    “The new Sophos XGS appliances and Sophos Firewall software launches are all about providing users with world-class ‘performance and protection’ at competitive pricing. We’re innovating and advancing how organizations should use firewall technology to defend against persistent, modern-day cyberattacks targeting the midmarket and smaller businesses,” said Dan Cole, senior vice president, Network and Content Security at Sophos. “This includes designing our firewall software to now also leverage threat intelligence feeds from third-party sources, in addition to Sophos’ native threat intelligence, for faster, real-time response to a broader scope of suspicious activity. The support also gives defenders greater control over their risk profile.”

    Specifically, users can now configure Sophos Firewall software to ingest paid and free feeds published by security vendors, Managed Service Providers (MSPs), specific industry consortiums and Information Sharing and Analysis Centers (ISACs), or other threat intelligence platforms. The third-party data augments Sophos’ proprietary threat intelligence, which derives from Sophos X-Ops and includes telemetry from SophosLabs, Sophos Managed Detection and Response (MDR) and Sophos Extended Detection and Response (XDR) technology. In conjunction with Sophos Active Threat Response, a feature built into Sophos-managed endpoints and the intelligence feeds, Sophos Firewall software will initiate a synchronized response that automatically walls off potential attacks, giving defenders critical time to assess, respond and remediate.

    Additional Sophos Firewall software enhancements include:

    • Enhanced performance and scalability: Triple the IPsec VPN performance boost on the new XGS Series desktop appliances, as well as faster authentication burst performance and optimizations to reduce downtime and increase resiliency during failovers for SD-RED tunnels, dynamic routes and Active Directory interactions for distributed enterprise environments
    • Streamlined management: Refreshed user experiences; support for Let’s Encrypt certificates; integrated support for Google Workspace authentication; and expanded network object visibility that simplifies firewall management
    • Seamless device upgrades: A new configuration backup assistant and port mapping support, backed by free license overlap for Sophos XG firewall customers, that enables added flexibility and easy upgrading from previous hardware generations

    “This release of new desktop models as part of the Sophos XGS Series of hardware appliances sets a new high bar for performance and efficiency. The update enhances value at every price-point, with a three-fold increase in IPsec VPN throughput and up to two times better overall performance, all while cutting energy consumption in half,” said Christopher Rodriguez, research director for Security and Trust at IDC. “Combined with enhancements in protection, scalability and ease-of-use from their latest OS release, Sophos Firewall provides significant value to organizations of all sizes, without raising its prices.”

    “Sophos makes firewall deployment, integration and management straightforward,” said Benjamin Schwarzbauer, team lead, Network and Security at Luithle + Luithle, a Sophos partner in Germany. “Its tight integration with the broader Sophos ecosystem allows us to efficiently manage security for our customers. The firewall’s comprehensive features not only strengthen security, but also ensure reliable performance and regulatory compliance. This allows our customers to focus on their business.”

    Availability
    Sophos’ new XGS desktop firewall appliances and Sophos Firewall software are available exclusively through Sophos’ global channel of partners and Managed Service Providers (MSPs). Defenders can easily manage the solutions in the cloud-native Sophos Central platform alongside Sophos’ portfolio of endpoint, email and cloud solutions and oversee installations, respond to alerts and track licenses and upcoming renewal dates via a single, intuitive interface.

    For more information, visit https://sophos.com/firewall.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks, including Managed Detection and Response (MDR) and incident response services and a broad portfolio of endpoint, network, email, and cloud security technologies. As one of the largest pure-play cybersecurity providers, Sophos defends more than 600,000 organizations and more than 100 million users worldwide from active adversaries, ransomware, phishing, malware, and more. Sophos’ services and products connect through the Sophos Central management console and are powered by Sophos X-Ops, the company’s cross-domain threat intelligence unit. Sophos X-Ops intelligence optimizes the entire Sophos Adaptive Cybersecurity Ecosystem, which includes a centralized data lake that leverages a rich set of open APIs available to customers, partners, developers, and other cybersecurity and information technology vendors. Sophos provides cybersecurity-as-a-service to organizations needing fully managed security solutions. Customers can also manage their cybersecurity directly with Sophos’ security operations platform or use a hybrid approach by supplementing their in-house teams with Sophos’ services, including threat hunting and remediation. Sophos sells through reseller partners and managed service providers (MSPs) worldwide. Sophos is headquartered in Oxford, U.K. More information is available at http://www.sophos.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bf53825b-7f27-4a69-9015-b8f3cf79dd07

    The MIL Network –

  • MIL-OSI: Avetta Appoints Brandon Grinwis as Chief Financial Officer

    Source: GlobeNewswire (MIL-OSI)

    LEHI, Utah and HOUSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) — Avetta®, the leading provider of supply chain risk management (SCRM) software, announced Brandon Grinwis as the company’s next Chief Financial Officer. Grinwis will oversee the company’s financial strategy through its next stage of growth and will report directly to Avetta’s CEO, Arshad Matin.

    “We are thrilled to welcome Brandon as the CFO of Avetta,” said Arshad Matin, CEO of Avetta. “Brandon is a proven leader who will oversee our finance team during an important time for Avetta in our ongoing growth and innovation journey. An executive of his caliber brings a wealth of knowledge that will offer great value to Avetta through its next chapter of growth.”

    Grinwis is a business-focused CFO with a background in technology and has proven experience making operational and strategic contributions to growth-oriented companies. He brings over 20 years of experience in finance and accounting, ranging from management consulting to private equity and publicly traded environments. Previously, he served as Chief Financial Officer and Executive Vice President of Customer Operations at Insurity, where he was responsible for developing and leading world-class teams focused on driving customer success and supporting organizational growth. Before that, he held leadership roles at Ascentis (acquired by UKG) as CFO and Code42 as Vice President of Finance and Business Operations.

    “I am excited to join Avetta as the company executes its mission to create safer and more sustainable workplaces,” said Brandon Grinwis, CFO of Avetta. “There is a tremendous opportunity to scale the business and make an even greater impact on the industry. I look forward to bringing my experience to advance the company’s mission and deliver value to suppliers and clients globally.”

    Grinwis holds a Master of Business Administration from the University of Notre Dame and a Bachelor’s in Finance and Economics from Ohio University.

    About Avetta

    The Avetta SaaS platform helps clients manage supply chain risk and their suppliers to become more qualified for jobs. For the hiring clients in our network, we offer the world’s largest supply chain risk management network to manage supplier safety, sustainability, worker competency and performance. We perform contractor prequalification and worker competency management across major industries, all over the globe, including construction, energy, facilities, high tech, manufacturing, mining and telecom.

    Media Contact

    avetta@hoffman.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cebd8353-64c3-497d-8220-9eaf2b16c708

    The MIL Network –

  • MIL-OSI: 2X Unveils New ABX Accelerator Services at the 6sense Breakthrough 2024 Conference, Featuring Award-Nominated Client JAGGAER

    Source: GlobeNewswire (MIL-OSI)

    LAS VEGAS, Oct. 08, 2024 (GLOBE NEWSWIRE) — 2X, the global leader in B2B marketing as a service (MaaS), today announced the launch of its highly anticipated ABX Accelerator Services at the 6sense Breakthrough 2024 Conference. As a premier Teal Service Partner of 6sense, 2X continues to drive scalable growth and operational efficiency for enterprises, helping them unlock the full potential of the 6sense platform.

    Introducing the ABX Accelerator Services

    2X’s new ABX Accelerator Services provide B2B marketing leaders with a complete, customized solution to rapidly scale ABX initiatives, streamline operations, and achieve faster ROI. From 6sense technology integration and program management to predictive analytics and customized reporting, these services empower businesses to optimize their investments and fuel pipeline growth without overextending their internal teams. Additionally, 2X offers advanced consulting to continuously refine ABX strategies, ensuring companies meet and exceed their growth targets.

    At the heart of the launch is the ABX Maturity Assessment Tool, a complimentary resource for CMOs and marketing leaders, which will debut at the 6sense Breakthrough 2024 Conference. This tool enables businesses to benchmark their ABX performance against industry standards, providing actionable recommendations to enhance their strategies. Coupled with 2X’s Health Check Diagnostic Session, clients receive deep, tailored insights into the gaps in their ABX efforts, ensuring they maximize their 6sense platform investments.

    “Our new ABX Accelerator Services directly address the challenges of scaling ABX programs by providing expert support and tailored solutions. We’re excited to showcase how businesses can optimize their 6sense investments and accelerate growth through our ‘all-in’ approach,” said Domenic Colasante, CEO of 2X.

    “6sense is focused on partnerships that will add long-term value to our customers, and 2X has played a huge role in ensuring that clients are able to unlock the full potential of 6sense thanks in part to their ability to scale ABX strategies,” said Jo Wright, Global Director of Partnerships at 6sense.

    Event Highlights and New Offerings

    • ABX Accelerator Services Launch: A powerful solution designed to fast-track 6sense implementations, helping businesses achieve measurable results while streamlining operations.
    • ABX Maturity Assessment Tool: Attendees will gain exclusive access to this tool, offering tailored insights to improve ABX strategies and drive growth.
    • Client Panel Discussion: Certinia CMO Drew Chapin, 2X CEO Domenic Colasante, and 2X CMO Lisa Cole will lead a thought-provoking session on how CMOs can do more with less in 2025, focusing on key trends in ABX and marketing budgets.

    Client Success Story: JAGGAER Recognized as Award Finalist

    Further underscoring the impact of 2X’s solutions, JAGGAER, a key 2X client, has been named a finalist for the prestigious 6sense Breakthrough “Efficiency Experts” award. With 2X’s expert guidance, JAGGAER achieved remarkable efficiency gains by leveraging automation and AI to optimize their ABX efforts.

    “Working with 2X has transformed our approach to ABX, allowing us to achieve greater efficiency and effectiveness without expanding internal resources,” said Annika Helmrich, VP of Growth Marketing at JAGGAER. “Their expertise with 6sense has been invaluable to our success.”

    For more information on 2X’s ABX Accelerator Services and how your organization can go “all in” on 6sense, visit 2x.marketing/6sense.

    About 2X
    2X is the global leader in B2B marketing as a service (MaaS), helping marketing leaders achieve greater impact while lowering costs through its unique managed services delivery model. 2X provides best-in-class MOps and MarTech management, campaign build and optimization, content and creative production, and strategy consulting services. 2X is a services partner of 6sense, Salesforce, Adobe Marketo Engage, HubSpot, Bombora, Drift, WordPress, Google, Meta, and many other leading revenue platforms. 

    With more than 1,000 team members globally, 2X is backed by private-equity firm Recognize Partners. 2X has been recognized as one of the fastest-growing companies in the US by Inc. and the Financial Times. For more information, visit 2X.marketing or our LinkedIn.

    Media Contact
    Audree Hernandez
    Jmac PR for 2X
    2X@jmacpr.com

    The MIL Network –

  • MIL-OSI: Fortinet Expands Its Cloud-Native Security Offerings with the Introduction of Lacework FortiCNAPP

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) —

    News Summary
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the general availability of Lacework FortiCNAPP, a single unified, AI-driven platform to secure everything from code to cloud all from a single vendor.

    “Lacework FortiCNAPP is based on Lacework’s proven cloud-native application protection platform with tight integration with the Fortinet Security Fabric,” said John Maddison, Chief Marketing Officer at Fortinet. “We’re pleased to expand our cloud-native security offerings and provide the industry’s most comprehensive, full-stack cloud security platform that empowers teams to seamlessly eliminate risk across their multi-cloud environments.”

    The introduction of Lacework FortiCNAPP offers additional benefits that extend beyond Lacework’s leading offering, such as automated remediation and blocking of active runtime threats, as well as enhanced visibility into FortiGuard Outbreak Alerts, which provide key information about new and emerging threats and the risk they pose within an organization’s environment.

    Challenges Disrupting Cloud Adoption
    As customers continue to adopt cloud infrastructure and services, they are quickly realizing that traditional security tools simply lack the native capabilities required to address the scale, velocity, and dynamic nature of the cloud. Security teams are fundamentally challenged by the lack of time to address cloud security at scale due to limited cloud security knowledge, a proliferation of cloud security products that do little to help customers resolve issues, and an overwhelming number of security and compliance alerts.

    Fortinet Helps Accelerate Customers’ Cloud Journeys
    With Lacework FortiCNAPP, Fortinet simplifies and strengthens cloud security with a unified platform from a single vendor that brings together multiple tools to significantly cut down the time to detect, prioritize, investigate, and respond to cloud-native threats. Lacework FortiCNAPP introduces a unique AI approach that never stops learning, maximizing cloud security with minimal time and effort for development, operations, and security teams by automatically connecting risk insights with runtime threat data, and ensuring that the most critical issues are prioritized and addressed.

    Fortinet enables customers to address all their cloud security needs by delivering key features such as:

    • A unified platform: Fragmented tools create complex, expensive, and limited protection. As a platform, Lacework FortiCNAPP provides full visibility from code to cloud and correlates build and runtime risk and threat data to prioritize what matters most.
    • AI-based anomaly detection: Given that cloud threats evolve as quickly as the cloud itself, creating rules for every potential attack scenario is nearly impossible. Lacework FortiCNAPP’s AI-based anomaly detection allows security analysts to detect previously undefined attack patterns that traditional rules-based systems cannot accomplish.
    • Integrated code security: Code security integrated with cloud security empowers teams to address issues at the earliest and most cost-effective stage in the application life cycle. By offering code security as an integral capability within the platform, customers can save time and money by fixing security issues, and reduce the risk of vulnerable applications and infrastructure while maintaining developer productivity and innovation velocity.
    • Composite alerts: Lacework FortiCNAPP is unique in detecting early signs of active attacks by automatically correlating various signals into a single, high-confidence composite alert. The platform uses behavioral analytics, anomaly detection, in-house threat intelligence, and insights from cloud service provider activity logs and threat services to identify active attacks, including compromised credentials, ransomware, and cryptojacking.
    • Integrations with the Fortinet Security Fabric: Integrations with Fortinet solutions such as FortiSOAR enable customers to streamline their response to active runtime threats, such as compromised hosts and compromised access keys, through automated remediation playbooks. Additionally, its integration with FortiGuard Outbreak Alerts helps teams understand how Lacework FortiCNAPP delivers enhanced visibility and deeper insights into the latest threats and where the solution can disrupt potential attacks.
    • Cloud Infrastructure Entitlement Management (CIEM): Lacework FortiCNAPP provides CIEM for complete visibility into cloud identities and their permissions. It automatically discovers identities, assesses net-effective permissions, and highlights excessive ones by comparing granted versus used permissions. Each identity is assigned a risk score based on more than 30 factors, helping prioritize high-risk identities. Lacework FortiCNAPP also offers automated remediation guidance for right-sizing permissions, ensuring least-privileged access.

    Third-Party Validation

    Lacework FortiCNAPP is based on the industry-recognized technology from Lacework, which is consistently recognized as a leader and Representative Vendor in CNAPP and Cloud Workload Security by leading analyst firms, including Frost and Sullivan, Gartner®, GigaOm, and KuppingerCole.

    Supporting Quotes

    “Lacework FortiCNAPP helped us deal with the massive amount of information that we were getting out of all the different systems, from the native security tools and logging and alerting tools that came from cloud providers to third-party tools that we had purchased to help solve these problems.”
    – John Turner, Senior Security Architect, LendingTree

    “Lacework FortiCNAPP automatically discovers and catalogs users, services, security groups, and secrets that are active within LawnStarter’s AWS environment and compares them against industry frameworks and compliance requirements. LawnStarter can quickly pull customized reports created by Lacework FortiCNAPP to see which resources are compliant. As a result, LawnStarter has seen a 75% decrease in compliance violations over the past year, saving the company significant time and money. LawnStarter now has a robust compliance practice that is essential to earning and maintaining trust with customers, providers, investors, and advisors.”
    – Alberto Silveira, Head of Engineering, LawnStarter

    Additional Resources

    *Gartner, Gartner Market Guide for Cloud-Native Application Protection Platforms, Dale Koeppen, Charlie Winckless, Neil MacDonald, Esraa ElTahawy, 22 July 2024

    GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally. All rights reserved.

    Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

    About Fortinet
    Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including CERTs, government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs. 

    Copyright © 2024 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCSPM, FortiCWP, FortDAST, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFlex FortiFone, FortiGSLB, FortiGuest, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPoint, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSEC, FortiSIEM, FortiSMS, FortiSOAR, FortiStack, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

    The MIL Network –

  • MIL-OSI: Davenport & Company LLC Implements Oyster Solutions, Innovative Trade Supervision Software

    Source: GlobeNewswire (MIL-OSI)

    RICHMOND, Va., Oct. 08, 2024 (GLOBE NEWSWIRE) — Davenport & Company LLC, a leading financial firm offering a range of wealth management and financial advisory services for individuals, corporations, institutions, and municipalities, has implemented Oyster Solutions’ trade surveillance and monitoring tool, developed by Oyster Consulting.

    Oyster Solutions Governance Risk and Compliance software provides firms like Davenport with scalable technology to conduct trade supervision, surveillance, testing and oversight while accommodating expanding operations and increased regulatory demand.

    “At Davenport, we understand that compliance is not just a box to check—it’s a cornerstone of our business philosophy,” said Brian O’Neal, Head of Central Supervision at Davenport. “Our collaboration with Oyster Solutions reflects our dedication to upholding transparency, trust, and regulatory excellence in everything we do. The capabilities that Oyster has provided to us is only matched by their attention to detail and willingness to support us.”

    The Oyster Solutions Monitor Module:

    • Ingests Pershing’s standard data files and other data files
    • Delivers highly tuned trade, account and client-based alerts
    • Reduces residual risks
    • Operationalizes and aligns surveillance, supervision and compliance

    “When you implement Oyster Solutions software, you’ll no longer be flooded with false positive alerts or burdened with legacy systems that don’t meet your trade supervision and surveillance needs,” said Buddy Doyle, CEO of Oyster Consulting. “Oyster Solutions now integrates Pershing data files. We work with you to understand the alert parameters and while driving results during a rapid implementation. Oyster Solutions provides you with alternatives to less responsive providers.”

    Other features of Oyster Solutions’ GRC software include:

    • Easy visibility, tracking and scheduling of your entire compliance calendar, policies and procedures
    • Risk identification, assessment and prioritization
    • Centralized, compliant documentation and reporting
    • Mutual fund suitability/pricing calculator
    • FINRA CAT, CAIS, MSRB, TRACE and AEP reporting

    WATCH A DEMO

    “We are delighted to partner with Davenport in their mission to implement their compliance standards, providing them with valued added service while they embrace innovation,” said Doyle. “We are committed to empowering financial institutions with robust technology solutions that streamline regulatory compliance processes and foster a culture of integrity.”

    [Contact Information]

    Buddy Doyle, CEO, Oyster Consulting
    buddy.doyle@oysterllc.com
    http://www.oysterllc.com
    (804) 965-5400

    About Oyster Solutions:

    Oyster Solutions is a modern, comprehensive governance, risk and compliance platform for the financial services industry. Oyster Solutions integrates data, automates tasks across your organization and gives your users a simple streamlined experience. Our software empowers broker-dealers and investment advisors to navigate complex regulatory landscapes with confidence and efficiency.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ffe767c6-cfcb-4f53-8c76-6cda87e57939

    The MIL Network –

  • MIL-OSI: OMNIQ to Present at the Small Cap Virtual Investor Conference October 10th

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, Oct. 08, 2024 (GLOBE NEWSWIRE) — OMNIQ CORP. (OMQS), a leader in AI-machine vision and automation technology, today announced that Shai Lustgarten, CEO will present live at the Small Cap Virtual Investor Conference, hosted by VirtualInvestorConferences.com, on October 10th 2024.

    DATE: October 10th
    TIME: 11:00 AM ET
    LINK: https://bit.ly/47jLzOI

    Available for 1×1 meetings upon request

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at http://www.virtualinvestorconferences.com.

    Recent Company Highlights

    • OMNIQ Recently announced a collaboration with NEC to enhance public safety.
    • Following recent purchase orders for $2.5M and $1M.
    • This is following a strategic alliance with Ingenico to enhance fintech capabilities.

    About OMNIQ

    OMNIQ Corp. (OTCQB: OMQS) provides computerized and machine vision image processing solutions that use patented and proprietary AI technology to deliver real-time object identification, tracking, surveillance, and monitoring for the Supply Chain Management, Public Safety, and Traffic Management applications. The technology and services provided by the Company help clients move people, objects, and big data safely and securely through airports, warehouses, schools, and national borders and in many other applications and environments.

    OMNIQ’s customers include government agencies and leading Fortune 500 companies from several sectors, including manufacturing, retail, distribution, food and beverage, transportation and logistics, healthcare, and oil, gas, and chemicals. Since 2014, annual revenues have more than doubled, reaching $81 million in 2023, from clients in more than forty countries.

    The Company currently addresses several billion-dollar markets with double-digit growth, including the Global Smart City & Public Safety markets.  

    For more information visit http://www.omniq.com

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access. Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    Forward-Looking Statements:
    “Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Statements in this press release relating to plans, strategies, economic performance and trends, projections of results of specific activities or investments, and other statements that are not descriptions of historical facts may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. This release contains “forward-looking statements” that include information relating to future events and future financial and operating performance. The words “anticipate,” “may,” “would,” “will,” “expect,” “estimate,” “can,” “believe,” “potential” and similar expressions and variations thereof are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which that performance or those results will be achieved. Forward-looking statements are based on information available at the time they are made and/or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Examples of forward-looking statements include, among others, statements made in this press release regarding the closing of the private placement and the use of proceeds received in the private placement. Important factors that could cause these differences include, but are not limited to: fluctuations in demand for the Company’s products particularly during the current health crisis, the introduction of new products, the Company’s ability to maintain customer and strategic business relationships, the impact of competitive products and pricing, growth in targeted markets, the adequacy of the Company’s liquidity and financial strength to support its growth, the Company’s ability to manage credit and debt structures from vendors, debt holders and secured lenders, the Company’s ability to successfully integrate its acquisitions, and other information that may be detailed from time-to-time in OMNIQ Corp.’s filings with the United States Securities and Exchange Commission. Examples of such forward-looking statements in this release include, among others, statements regarding revenue growth, driving sales, operational and financial initiatives, cost reduction and profitability, and simplification of operations. For a more detailed description of the risk factors and uncertainties affecting OMNIQ Corp., please refer to the Company’s recent Securities and Exchange Commission filings, which are available at SEC.gov. OMNIQ Corp. undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, unless otherwise required by law.

    CONTACTS:
    OMNIQ
    ir@omniq.com
    http://www.omniq.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Enact to Host Third Quarter 2024 Earnings Call November 7th

    Source: GlobeNewswire (MIL-OSI)

    RALEIGH, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) — Enact Holdings, Inc. (Nasdaq: ACT) (Enact) announced it will issue its third quarter earnings release after the market closes on November 6, 2024. Enact will host a conference call to review third quarter 2024 financial results on November 7, 2024 at 8:00 a.m. (ET).

    Enact’s earnings release, summary presentation and financial supplement will be available through the company’s website, https://ir.enactmi.com/, at the time of their release to the public.

    Participants interested in joining the call’s live question and answer session are required to pre-register by clicking here to obtain a dial-in number and unique PIN. It is recommended to join at least 15 minutes in advance, although you may register ahead of the call and dial in at any time during the call. If you wish to join the call but do not plan to ask questions, a live webcast of the event will be available on our website, https://ir.enactmi.com/news-and-events/events.

    The webcast also will be archived on the company’s website for one year.

    About Enact Holdings, Inc.
    Enact (Nasdaq: ACT), operating principally through its wholly-owned subsidiary Enact Mortgage Insurance Corporation since 1981, is a leading U.S. private mortgage insurance provider committed to helping more people achieve the dream of homeownership. Building on a deep understanding of lenders’ businesses and a legacy of financial strength, we partner with lenders to bring best-in class service, leading underwriting expertise, and extensive risk and capital management to the mortgage process, helping to put more people in homes and keep them there. By empowering customers and their borrowers, Enact seeks to positively impact the lives of those in the communities in which it serves in a sustainable way. Enact is headquartered in Raleigh, North Carolina.

    The MIL Network –

  • MIL-OSI: Rocket Software Study Finds Less than One-Third of Businesses are Using all Available Data to Inform AI Models

    Source: GlobeNewswire (MIL-OSI)

    WALTHAM, Mass., Oct. 08, 2024 (GLOBE NEWSWIRE) — Rocket Software, a global technology leader in modernization software, today announced the findings from its survey, Rethinking the Role of Mainframe Data in Enterprise AI and Analytics. Conducted by Foundry Media for Rocket Software, the survey polled over 200 business leaders and decision-makers in data analytics, management, engineering, and architecture across the U.S., U.K., Germany, and France, to understand how organizations are leveraging mainframe data as part of their AI and analytics initiatives. The survey found that only 28% of survey respondents are using mainframe data extensively in data-driven initiatives. Not factoring mainframe data – which includes both real-time and historical information on customer interactions, account data, financial transactions, and inventory – into AI models is a missed opportunity. By integrating this rich data, models become more accurate, insightful, and reflective of the full scope of an organization’s operations, unlocking powerful insights and driving more informed decision-making.

    AI and advanced analytics are playing an increasing role in how businesses differentiate themselves, unlocking opportunities for new efficiencies, growth drivers, and customer experiences. The success and usefulness of an AI model lies in the data that it is trained on. In the race to adopt AI, a majority of organizations have failed to fully leverage mainframe data to enhance their models. AI that accurately represents all of a business’s data empowers leaders with greater visibility into operations and provides deeper insights, facilitating informed decision-making in real-time. In fact, 46% of respondents said mainframe data was a potential means for improving data quality, accuracy, and completeness of existing datasets.

    Challenges, both real and perceived, have led many to struggle when it comes to integrating mainframe data into their AI and analytics capabilities:

    • 76% of leaders said they found accessing mainframe data and contextual metadata to be either very or somewhat challenging
    • 64% said they considered integrating mainframe data with cloud data sources to be somewhat to very challenging
    • The biggest obstacles to leveraging mainframe data were found to be:
      • Complexity of data retrieval and extraction processes (59%)
      • Concerns regarding security, compliance, and data privacy (56%)
      • Proprietary data formats (41%)

    “If organizations fail to incorporate their mainframe data into AI and analytics, they risk developing models that are less intelligent, powerful, or accurate,” said Michael Curry, President, Data Modernization Business Unit, at Rocket Software. “Rocket Software has the technology and expertise to help enterprises easily bridge their mainframe data into their AI and analytics initiatives, automating away the complexity, and reducing the need for specialized skills and knowledge to protect, retrieve, and extract mainframe data.”

    Mainframe modernization is a worthwhile pursuit. Forty two percent of respondents said they prefer to adopt a prebuilt solution to integrate their mainframe data with cloud data, and 51% cited building new analytical capabilities or business initiatives that were not previously possible was the most attractive use case for mainframe data. That’s where experienced partners, who offer resources across the modernization continuum, can support businesses by mitigating challenges to unlock data’s full potential. Survey respondents noted scalability for large datasets (82%), interoperability with existing data management tools and platforms (82%), and robust security and encryption (81%) as the top benefits for integrating mainframe and cloud data.

    To download the full study, click here. For further insights, register for Rocket Software’s webinar on November 12, here.

    Methodology
    Foundry surveyed 213 business leaders and decision-makers, including those employed in data analytics, data management, data engineering, or data architecture roles between May 10, 2024, and May 27, 2024, to understand how organizations are leveraging or planning to leverage mainframe data as part of their AI and analytics initiatives to drive strategy, improve operational efficiencies, and enhance competitive advantage.

    About Rocket Software
    Rocket Software is a global technology leader in modernization and a partner of choice that empowers the world’s leading businesses on their modernization journeys, spanning core systems to the cloud. Trusted by over 12,500 customers and 750 partners, and with more than 3,000 global employees, Rocket Software enables customers to maximize their data, applications, and infrastructure to deliver critical services that power our modern world. Rocket Software is a privately held U.S. corporation headquartered in the Boston area with centers of excellence strategically located throughout North America, Europe, Asia and Australia. Rocket Software is a portfolio company of Bain Capital Private Equity. Follow Rocket Software on LinkedIn and Twitter or visit http://www.RocketSoftware.com.

    Media Contact
    Lacey Darrow
    ldarrow@rocketsoftware.com

    The MIL Network –

  • MIL-OSI: Syncfusion Presents Essential Studio 2024 Volume 3

    Source: GlobeNewswire (MIL-OSI)

    RESEARCH TRIANGLE PARK, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) — Syncfusion, Inc., the enterprise technology partner of choice, announces the release of Essential Studio 2024 Volume 3. This release introduces two new controls for .NET MAUI, four for Blazor, three for the JS 2 suites, a new Chat widget for Flutter, and lots of new features and enhancements for our developers to enjoy.

    “As artificial intelligence features more in our everyday technology, people expect to find it making their lives easier. Our teams have been focused on providing developers with the tools to make this happen in their apps for this release,” said Syncfusion CEO Daniel Jebaraj. “With all the innovation surrounding AI right now, we hope our new controls will help them make really cool smart apps.”

    .NET MAUI
    The 2024 Volume 3 release provides two new controls for .NET MAUI in preview:

    • AI AssistView: Provides a customizable, user-friendly interface for interaction between users and AI services.
    • Kanban: Helps teams track and manage work in progress by organizing tasks into columns representing stages in a project.

    A highlight of the suite’s new features is three new series types for the Cartesian Charts component: stacked line, 100% stacked line, and spline range area. The TreeMap gains drill-down support and rows can now be dragged and dropped to reorder them in the DataGrid control.

    Essential JS 2
    The JS 2 component suites have all received three new AI-powered components in preview:

    • AI AssistView
    • Smart Paste Button: This button simplifies form-filling by pulling content from the clipboard, using AI to match form fields.
    • Smart TextArea: An advanced input area offering context-aware autocomplete suggestions using AI.

    The MultiColumn ComboBox and OTP Input components are now ready for production. Angular components can take advantage of the Fluent 2 high contrast theme and the Bootstrap 5.3 theme upgrade. There are also lots of new features for components like Charts, Diagram, and the Rich Text Editor, as well as performance improvements for the PDF Viewer.

    Blazor
    The Syncfusion Blazor suite also gains four new controls in Volume 3:

    In addition, the OTP Input and TextArea controls have been developed to industry standards and are ready for production. The Diagram control gains a multitude of new features and all Blazor controls can now use a Fluent 2 high contrast theme.

    Flutter
    A brand-new Chat widget has been developed for the Flutter platform, available in preview. This chat interface was designed to facilitate one-on-one or group conversations. Developers can customize the appearance and behavior of its features, like the chat bubbles, input composer, and action buttons. Flutter users can also enjoy sticky note annotations in the PDF Viewer and axes enhancements in the Charts widget.

    These are just a few of the highlights from the Essential Studio 2024 Volume 3 release. To see all the new features and enhancements, check out the Volume 3 blog, What’s New page, or release notes. Current subscribers can download the new version from the License and Downloads page after logging in.

    About Syncfusion, Inc.

    Syncfusion is the enterprise technology partner of choice for software development and business intelligence, delivering an ecosystem of compatible developer control suites, embeddable BI platforms, and business software. Headquartered in Research Triangle Park, N.C., Syncfusion has established itself as a trusted partner worldwide for use in mission-critical applications through its service-oriented approach. Syncfusion’s Essential Studio suite has expanded from one data grid at its launch in 2001, to over 1,800 controls for web, mobile, and desktop development. After nearly two decades of helping developers build business software with Essential Studio, the company channeled this expertise into its own line of enterprise products: Bold BI and Bold Reports for embedded business intelligence, data analysis, and visualization; BoldSign, an embeddable e-signing solution; and most recently, BoldDesk, a customer support platform. Today, Syncfusion has more than 33,000 customers, including large financial institutions, Fortune 500 companies, and global IT consultancies, relying on Essential Studio and Bold products for their business success.

    Contact: Brittany Kearns
    Phone: 919-270-8054
    Email: brittany@crossroadsb2b.com

    The MIL Network –

  • MIL-OSI: Airship AI Announces $1.2 Million Contract Award with Fortune 100 Transportation & E-Commerce Company for Acropolis Enterprise Video and Data Management Platform

    Source: GlobeNewswire (MIL-OSI)

    Continuation of Support and Maintenance for Existing Deployment Supporting
    Operational and Physical Security Requirements for Global Operations

    REDMOND, Wash., Oct. 08, 2024 (GLOBE NEWSWIRE) — Airship AI Holdings, Inc. (NASDAQ: AISP) (“Airship AI” or the “Company”), a leader in AI-driven video, sensor, and data management surveillance solutions, has been awarded a contract worth $1.2 million with a Fortune 100 transportation and e-commerce company for the support and maintenance over the next nine months for an existing globally deployed Acropolis Enterprise Video and Data Management platform supporting the company’s operational and physical security requirements.

    “This award underscores the significance of our platform in enhancing our customers’ deployment of the Acropolis ecosystem, which enables them to federate and manage global logistics operations from a unified security operations center,” said Paul Allen, President of Airship AI. “Our support and maintenance agreements ensure that customers can connect with the Airship technical support team anytime, anywhere, receiving comprehensive electronic and telephonic assistance for our entire suite of products.”

    Airship AI’s Acropolis backend enterprise management system enables customers to manage devices and sensors across their entire digital ecosystem via hardware deployed on-premises or in the cloud while utilizing Artificial Intelligence (AI) at the edge and/or the backend to optimize operational efficiency and improve real-time decision-making capabilities. Combining the sensor-agnostic nature of our Acropolis platform with our edge-based AI platform, Outpost AI customers can efficiently add “smarts” to existing edge sensors, avoiding costly and operationally disruptive “rip and replace” requirements.

    “Migrating customers to Airship AI is just the beginning of our relationship. Once our platform is operational in their environment, we focus on supporting their workflows to enhance their operational effectiveness and efficiencies. This support includes new software releases, patches, and updates. Our comprehensive approach to building and maintaining relationships at the manufacturer level is a key factor in our impressive customer retention rate, which remains in the high 90th percentile,” concluded Mr. Allen.

    To experience how Airship AI and its suite of enterprise video and data management solutions can help your organization solve your complex video and data management challenges, please email your request to info@airship.ai.

    About Airship AI Holdings, Inc.

    Founded in 2006, Airship AI is a U.S. owned and operated technology company headquartered in Redmond, Washington. Airship AI is an AI-driven video, sensor and data management surveillance platform that improves public safety and operational efficiency for public sector and commercial customers by providing predictive analysis of events before they occur and meaningful intelligence to decision makers. Airship AI’s product suite includes Outpost AI edge hardware and software offerings, Acropolis enterprise management software stack, and Command family of visualization tools.
    For more information, visit https://airship.ai.

    Forward-Looking Statements

    The disclosure herein includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “project,” “forecast,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward looking. These forward-looking statements include, but are not limited to, (1) statements regarding estimates and forecasts of financial, performance and operational metrics and projections of market opportunity; (2) changes in the market for Airship AI’s services and technology, expansion plans and opportunities; (3) the projected technological developments of Airship AI; and (4) current and future potential commercial and customer relationships. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of Airship AI’s management and are not predictions of actual performance. These forward-looking statements are also subject to a number of risks and uncertainties, as set forth in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, filed with the SEC on April 1, 2024, and the other documents that the Company has filed, or will file, with the SEC. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. In addition, forward-looking statements reflect the Company’s expectations, plans or forecasts of future events and views as of the date of this press release. The Company anticipates that subsequent events and developments will cause its assessments to change. However, while it may elect to update these forward-looking statements at some point in the future, the Company specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing the Company’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

    Investor Contact:
    Chris Tyson/Larry Holub
    MZ North America
    949-491-8235
    AISP@mzgroup.us

    The MIL Network –

  • MIL-OSI: Richtech Robotics Signs Distribution Agreement with Sproutmation, LLC, Commercial Robotics and Automation Solutions Delivery Provider

    Source: GlobeNewswire (MIL-OSI)

    First purchase order under agreement is for 20 Scorpion units

    LAS VEGAS, Oct. 08, 2024 (GLOBE NEWSWIRE) — Richtech Robotics Inc. (Nasdaq: RR) (“Richtech Robotics”), a Nevada-based provider of AI-driven service robots, today announces it has signed a distribution agreement with Sproutmation, LLC (“Sproutmation”), a commercial robotics and automation solutions delivery provider. Sproutmation’s first purchase order is for 20 Scorpion units. Under the arrangement, Sproutmation has agreed to an annual sales target of 100 robot units.

    “We are continuously expanding our ecosystem of distribution partners and are pleased to announce our agreement with Sproutmation,” said Matt Casella, President of Richtech Robotics. “Our solutions are synergistic with Sproutmation’s offerings as the company is focused on robots that provide automation for clients. This collaboration will allow us to reach even more organizations across the country.”

    “We are impressed with Richtech Robotics’ suite of solutions, as they provide enhanced customer experiences and increased efficiencies,” stated Thean Ang, CEO of Sproutmation. “Providing these robots to our clients will help elevate our offerings, and we look forward to beginning their deliveries.”

    About Richtech Robotics

    Richtech Robotics is a provider of collaborative robotic solutions specializing in the service industry, including the hospitality and healthcare sectors. Our mission is to transform the service industry through collaborative robotic solutions that enhance the customer experience and empower businesses to achieve more. By seamlessly integrating cutting-edge automation, we aspire to create a landscape of enhanced interactions, efficiency, and innovation, propelling organizations toward unparalleled levels of excellence and satisfaction. Learn more at http://www.RichtechRobotics.com and connect with us on X (Twitter), LinkedIn, and YouTube.

    About Sproutmation

    Sproutmation specializes in delivering commercial robotics and automation solutions, focusing on cleaning, delivery, and industrial robots. The company’s offerings cater to a range of sectors, including hospitality and industry, with a mission to streamline tasks and boost efficiency through cutting-edge technology. Based in Minnesota, USA, Sproutmation is dedicated to innovation and enhancing operational productivity with its robotic systems. For more information, you can visit http://www.sproutmation.com.

    Forward Looking Statements

    Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimate,” “expect,” and “intend,” among others. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements include, but are not limited to, statements regarding the anticipated success and benefits of the partnership with Sproutmation.

    These forward-looking statements are based on Richtech Robotics’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements include, among others, risks and uncertainties related to market and other conditions, Richtech Robotics’ ability to deliver the requisite number of robot units under the distribution agreement, and Sproutmation’s ability to sell the requisite number of robotiunits under the distribution agreement. Investors should read the risk factors set forth in Richtech Robotics’ Annual Report on Form 10-K/A, filed with the SEC on March 27, 2024, the Registration Statement and periodic reports filed with the SEC on or after the date thereof. All of Richtech Robotics’ forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof. New risks and uncertainties arise over time, and it is not possible for Richtech Robotics to predict those events or how they may affect Richtech Robotics. If a change to the events and circumstances reflected in Richtech Robotics’ forward-looking statements occurs, Richtech Robotics’ business, financial condition and operating results may vary materially from those expressed in Richtech Robotics’ forward-looking statements.

    Readers are cautioned not to put undue reliance on forward-looking statements, and Richtech Robotics assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:

    Investors:
    CORE IR
    Matt Blazei
    ir@richtechrobotics.com

    Media: 
    Timothy Tanksley
    Director of Marketing
    Richtech Robotics, Inc
    press@richtechrobotics.com
    702-534-0050

    The MIL Network –

  • MIL-OSI: Runway Growth Finance Corp. Provides Third Quarter 2024 Portfolio Update

    Source: GlobeNewswire (MIL-OSI)

    • Completed Seven Investments in New and Existing Portfolio Companies Representing $75.3 Million in Funded Investments

    MENLO PARK, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Runway Growth Finance Corp. (Nasdaq: RWAY) (“Runway Growth” or the “Company”), a leading provider of flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity, today provided an operational and portfolio update for the third quarter ended September 30, 2024.

    “Runway Growth added attractive investments with new and existing portfolio companies in the third quarter as we seek to drive measured and strategic growth,” said David Spreng, Founder and CEO of Runway Growth. “We are pleased to announce two new investments during the quarter, which we believe embody our focus on high-quality, late and growth-stage companies in the fastest growing sectors of the economy. Runway Growth is positioned to execute disciplined investments, support our existing borrowers and generate solid risk-adjusted returns for our shareholders in the long term.”

    Originations
    In the third quarter of 2024, Runway Growth funded seven investments: two investments in new portfolio companies and five investments in existing portfolio companies. These include:

    • Completion of a new $23.0 million investment to Snap! Mobile, Inc. (“Snap”), funding $18.0 million at close. Snap offers a software platform designed to help schools, clubs, and teams fundraise, manage their rosters, communicate with parents and fans, and sell merchandise;
    • Completion of a new $45.3 million investment to Zinnia Corporate Holdings, LLC (“Zinnia”), funding $40.0 million at close. Zinnia provides business processing and technology solutions to the life insurance and annuity industry. Zinnia’s range of solutions includes distribution services and new business issuance, administration processing and call center operations, as well as compliance, fulfillment, and quality assurance services;
    • Completion of a new $20 million investment to existing portfolio company Elevate Services, Inc. (“Elevate”), funding $6.0 million during the quarter, which upsized Elevate’s previous $20 million senior secured term loan. Elevate is a global alternative legal services provider and legal process outsourcer that serves members of the Fortune 500 and 60+ global law firms with outsourced consultancy, technology, and managed services. Elevate has a suite of products and services across several different operating business units including contracts, contract lifetime management and insights, ElevateNext, med legal, ElevateFlex, consulting, and software;
    • Completion of follow-on investments with an aggregate amount of $6.3 million to two existing portfolio companies; and
    • During the quarter Runway-Cadma I LLC (the “JV”), our joint venture with Cadma Capital Partners LLC, purchased a portion of our Airship Group, Inc. loan, amounting to a $5.0 million equity investment in the JV subsidiary.

    Liquidity Events
    During the third quarter ended September 30, 2024, Runway Growth experienced the following liquidity events:

    • Full principal repayment of the Company’s senior secured term loan to CloudPay, Inc. of $75.0 million;
    • An assignment of $10.0 million of the Company’s investment in Airship Group, Inc. to the JV; and
    • Other scheduled principal amortization of $0.6 million.

    Portfolio Construction and Management
    Runway Growth is a credit-first organization, carefully structured to focus on what it believes to be the highest quality, late-stage companies in the venture debt market. The Company is committed to upholding what it believes to be industry-leading investment standards combined with disciplined underwriting and diligent monitoring of its portfolio. Runway Growth is positioned as a preferred lender in the venture debt space, supporting and working closely with companies to help them reach their full growth potential. Since inception, the Company has focused on the fastest growing sectors of the economy, including healthcare, technology and select consumer services and products industries.

    As of September 30, 2024, the Runway Growth portfolio included 49 debt investments to 32 portfolio companies and 86 equity investments in 53 portfolio companies, including 28 portfolio companies where Runway Growth holds both a debt and equity investment. Investments were comprised of late and growth-stage businesses in the technology, healthcare and consumer services and products industries. Runway Growth’s normal business operations include frequent communication with portfolio companies.

    About Runway Growth Finance Corp.
    Runway Growth is a growing specialty finance company focused on providing flexible capital solutions to late- and growth-stage companies seeking an alternative to raising equity. Runway Growth is a closed-end investment fund that has elected to be regulated as a business development company under the Investment Company Act of 1940. Runway Growth is externally managed by Runway Growth Capital LLC, an established registered investment advisor that was formed in 2015 and led by industry veteran David Spreng. For more information, please visit http://www.runwaygrowth.com.

    Forward-Looking Statements
    Statements included herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Statements other than statements of historical facts included in this press release may constitute forward-looking statements and are not guarantees of future performance, condition or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in Runway Growth’s filings with the Securities and Exchange Commission. Runway Growth undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

    Important Disclosures
    Strategies described involve special risks that should be evaluated carefully before a decision is made to invest. Not all of the risks and other significant aspects of these strategies are discussed herein. Please see a more detailed discussion of these risk factors and other related risks in the Company’s most recent annual report on Form 10-K in the section entitled “Risk Factors”, which may be obtained on the Company’s website, http://www.runwaygrowth.com, or the SEC’s website, http://www.sec.gov.

    IR Contacts:
    Stefan Norbom, Prosek Partners, snorbom@prosek.com
    Thomas B. Raterman, Chief Financial Officer and Chief Operating Officer, tr@runwaygrowth.com

    The MIL Network –

  • MIL-OSI: Sunrun Announces Date for Third Quarter 2024 Earnings Report

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Sunrun (Nasdaq: RUN) today announced that it will issue its third quarter 2024 earnings report after the market closes on Thursday, November 7, 2024.

    A conference call has been scheduled to discuss these earnings results at 1:30 p.m. Pacific Time. The conference call can be accessed live via the Sunrun Investor Relations website at https://investors.sunrun.com or over the phone by dialing (877) 407-5989 (toll-free) or (201) 689-8434 (toll). An audio replay will be available following the call on the Sunrun Investor Relations website for approximately one month. A transcript of the conference call will also be posted to the Sunrun Investor Relations website the following day.

    About Sunrun
    Sunrun Inc. (Nasdaq: RUN) revolutionized the solar industry in 2007 by removing financial barriers and democratizing access to locally-generated, renewable energy. Today, Sunrun is the nation’s leading provider of clean energy as a subscription service, offering residential solar and storage with no upfront costs. Sunrun’s innovative products and solutions can connect homes to the cleanest energy on earth, providing them with energy security, predictability, and peace of mind. Sunrun also manages energy services that benefit communities, utilities, and the electric grid while enhancing customer value. Discover more at http://www.sunrun.com

    Investor & Analyst Contact:

    Patrick Jobin
    SVP, Deputy CFO & Investor Relations Officer
    investors@sunrun.com

    Media Contact:

    Wyatt Semanek
    Director, Corporate Communications
    press@sunrun.com

    The MIL Network –

  • MIL-OSI: Taoshi to Showcase World’s First Decentralized and Fair Proprietary Trading Challenge, Built on Bittensor, at Permissionless III

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO, Oct. 08, 2024 (GLOBE NEWSWIRE) — Taoshi, a forefront innovator in decentralized finance, will showcase its Proprietary Trading Network (PTN) at the upcoming Permissionless III conference in Salt Lake City, Utah, from October 9 to 11, 2024. Exhibiting at Booth #1433, Taoshi’s Manager of Research and Development, Thomas Dougherty, PhD, will be present to provide insights into the company’s breakthrough tool.

    PTN is the world’s first fair, decentralized proprietary trading challenge. Built on Bittensor, PTN allows traders to compete transparently and earn significantly more than they would with traditional proprietary firms, incentivizing some of the world’s best traders to provide actionable trading insights.

    Taoshi’s PTN sets itself apart from most traditional proprietary trading firms, whose revenue comes from charging entry fees to traders. “When a disproportionate reliance is placed on the entry fees, there is little motivation to ensure long-term success for traders. Ironically, existing profit-sharing models are incentivized by traders failing their challenge period. With PTN, we want to change this,” said Dougherty.

    Taoshi’s mission is to disrupt financial market trading by democratizing access to sophisticated and ever-evolving trading strategies. Taoshi’s PTN is leading the way in innovation through its decentralized AI technology that delivers exceptional advantages for traders.

    About Taoshi:
    Founded in 2023, Taoshi, Inc. is a software company that creates blockchain subnetworks built on Bittensor to revolutionize financial market trading. Taoshi is a trusted leader in the crypto space, celebrated for its innovative solutions and commitment to community impact. Explore how Taoshi is shaping the future of technology at http://www.taoshi.io.

    About Thomas Dougherty, PhD:
    Thomas Dougherty, PhD, is the Manager of Research & Development at Taoshi, where he applies his extensive expertise in machine learning and computer vision to advance financial technology innovation. With a doctorate from Stanford University, he oversees the research and development division, focusing on creating sophisticated trading strategies that balance predictability, risk exposure, and returns while addressing statistical instabilities.

    At Taoshi, Thomas is the primary architect of the SN8 incentive mechanism, a cornerstone of the company’s Proprietary Trading Network (PTN). He spearheaded the development of SN8’s scoring system, which evaluates traders through a comprehensive approach that includes risk-adjusted returns, Sharpe ratio, and Omega ratio.

    About Permissionless:
    Permissionless is a conference for founders, application developers, investors, policymakers, and users. Permissionless III will gather the most influential minds in crypto for three days of networking, engaging content, and live conversations.

    MEDIA CONTACT
    Mairi Morrison
    mairi@prlab.co
    +1 512 731 4977

    The MIL Network –

  • MIL-OSI: CallRevu Integrates with Reynolds FOCUS to Elevate Dealership Communication

    Source: GlobeNewswire (MIL-OSI)

    BALTIMORE, Oct. 08, 2024 (GLOBE NEWSWIRE) — CallRevu, a leading innovator in communication intelligence solutions for automotive dealerships, is excited to share it has integrated CallRevu’s latest communication product – their hosted phone system formerly known as TotalCX/Interactive Tel, with Reynolds FOCUS CRM.

    This strategic collaboration is set to reshape how dealerships manage customer interactions, empowering teams with real-time communication insights and streamlined data integration.
    The effort facilitates seamless data exchange between the two platforms, offering dealerships streamlined connectivity.

    “Our mission has always been to drive the next wave of innovation in automotive communications,” said Ben Chodor, CEO of CallRevu. “With this integration, we’re giving dealerships the tools to enhance customer engagement and operational performance. By uniting the power of CallRevu with Reynolds renowned CRM, FOCUS, we’re taking a significant step forward in how automotive retailers interact with their customers.”

    Key Features of the Integration:

    • Automatically sync incoming call data, helping ensure complete records of customer interactions.
    • Click-to-Call enables dealers to initiate outbound calls from FOCUS, streamlining follow-ups and improving response times.

    This integration will be available to dealerships utilizing both CallRevu communication products and Reynolds FOCUS CRM, creating a comprehensive solution that bridges communication and customer relationship management. Both companies are committed to delivering ongoing support and future enhancements to further optimize dealership operations.

    For more information, visit http://www.callrevu.com

    About CallRevu 
    Originating from within a dealership, we offer a unified solution designed specifically for the automotive industry. Our capabilities start from the origin with a comprehensive hosted phone system, call monitoring, performance training, and reputation management, all driven by real-time data and analytics to provide actionable, scalable insights.

    By transforming each interaction into valuable analytics and actionable insights, we empower our partners to make informed decisions, streamline operations, accelerate revenue growth, and cultivate customer excellence.

    Media Contact:  
    corp.comms@callrevu.com  
       
    For more information visit http://www.callrevu.com.  

    The MIL Network –

  • MIL-OSI: Ship and Rail Compensation Canada becomes new hub for compensation

    Source: GlobeNewswire (MIL-OSI)

    OTTAWA, Ontario, Oct. 08, 2024 (GLOBE NEWSWIRE) — In a forward-thinking move to increase awareness and strengthen access to justice, the Ship-source Oil Pollution Fund and the Fund for Railway Accidents Involving Designated Goods have merged into a single federal office.

    Ship and Rail Compensation Canada is now Canada’s central hub for anyone affected by oil spills from ships or boats or major railway accidents involving crude oil.

    For years, a lack of awareness of available compensation has prevented many from accessing the support they need. Recent outreach efforts, however, were made to address this issue resulting in increased diversity among claimants and a broader geographic reach.

    Building on this progress, Ship and Rail Compensation Canada will aim to ensure that Canadians know where to turn to for help. This includes collaborating with our partners on how to integrate cost-recovery measures into emergency protocols. With greater access to compensation, those responsible for damages will bear more of the financial burden, not the victims.

    A cornerstone of this initiative is the launch of the new website, designed to be the central point of contact and information for claimants and key stakeholders: http://www.ship-rail.gc.ca.

    Quotes

    “With millions of litres of oil used or transported across Canada by ship, boat, and rail, it’s crucial that Canadians are financially protected from the risks of spills and accidents. We are here to help victims, responders, and anyone else affected receive the financial compensation they need.

    “Our new brand will reach more people than ever before and mitigate the impacts of oil pollution on our cities, towns, oceans, lakes, rivers, and livelihoods. It will significantly boost our outreach and awareness efforts, which are essential to fulfilling our mission of providing compensation and improving emergency preparedness.”

    Mark A.M. Gauthier, Administrator of Ship and Rail Compensation Canada

    About Ship and Rail Compensation Canada

    Ship and Rail Compensation Canada is Canada’s compensation hub for anyone affected by oil spills from ships or boats and by major rail accidents involving crude oil. Its mission is to help victims, responders, and anyone else affected get financial compensation and to hold polluters responsible for damages, losses, and response costs. Ship and Rail Compensation Canada is an independent federal office managing two funds: the Ship Fund and the Rail Fund. It is managed by an Administrator, with each Fund also having a Deputy Administrator.

    For more information or to file a claim, visit ship-rail.gc.ca.

    The MIL Network –

  • MIL-OSI: MoneyHero Enhances Car Insurance Vertical via Strategic Partnership with bolttech

    Source: GlobeNewswire (MIL-OSI)

    MoneyHero to leverage bolttech’s cutting-edge insurance exchange technology to power the Company’s new car insurance platform

    New digital marketplace enhances MoneyHero’s insurance brokerage and conversion expertise, offering a streamlined end-to-end consumer journey across Hong Kong, Singapore and the Philippines

    SINGAPORE, Oct. 08, 2024 (GLOBE NEWSWIRE) — MoneyHero Limited (NASDAQ: MNY) (“MoneyHero” or the “Company”), a leading personal finance and digital insurance brokerage platform in Greater Southeast Asia, today announced the launch of its brand-new car insurance platform through a strategic partnership with bolttech, a global leader in insurtech. This collaboration will transform MoneyHero’s consumer experience for car insurance by integrating bolttech’s cutting-edge insurance exchange technology into the MoneyHero platform. The enhanced marketplace is now live in Hong Kong, with rollouts planned for Singapore by Q4 2024 and the Philippines by the end of Q1 2025.

    Through this strategic partnership, MoneyHero is strengthening its position as a digital insurance leader in the region, combining its expertise in financial product comparison and conversion optimization with bolttech’s innovative insurance capabilities. The new car insurance platform will empower consumers with better insights, broader options, and a more seamless purchase process, setting a new standard for the car insurance industry.

    Rohith Murthy, CEO of MoneyHero, said: “This launch marks a significant milestone for MoneyHero as we expand our car insurance offerings and enhance our capabilities as a leading digital insurance brokerage. By partnering with bolttech, we are not only elevating the user experience but also taking full ownership of the entire car insurance purchase journey—from comparison to conversion—within our ecosystem. This enhanced platform is aligned with our strategic pillars of brokerage excellence and conversion expertise, and it further underscores our commitment to making personal finance and insurance decisions easier for consumers across Greater Southeast Asia.

    “With bolttech’s expertise, we are offering an unmatched level of insight and simplicity that will reshape how consumers choose their car insurance. This partnership strengthens our position as a market leader, and together, we’re setting the stage for the future of digital insurance.”

    Enhanced Platform Benefits and Strategic Alignment

    Leveraging bolttech’s cutting-edge insurance exchange technology, MoneyHero’s car insurance platform offers users a best-in-class experience, including comprehensive comparison tools, accurate pricing references, and a streamlined end-to-end user journey. These features will allow consumers to make more informed and confident decisions about their car insurance, all within a seamless, fully integrated platform.

    Philip Weiner, CEO – Asia & Middle East, bolttech said, “We are thrilled to partner with MoneyHero to create an enhanced customer experience for car insurance across Southeast Asia. By digitally integrating with our insurance exchange platform, we are empowering MoneyHero to offer a seamless and transparent user experience, giving customers greater control and clarity in their car insurance decisions. Together, we look forward to delivering more value-added services to MoneyHero’s customers and driving further innovation in the insurtech space.”

    bolttech, with over 230 insurers and 6,000 products on its platform globally, brings unmatched expertise and market access to this partnership, ensuring that MoneyHero’s customers have access to a wide array of insurance options tailored to their needs.

    Revenue Growth and Strategic Expansion

    MoneyHero’s insurance vertical has been a key driver of growth, contributing 7% to total revenue in 2023 and has grown 89% year-over-over in Q2 2024, contributing to 11% of Group revenues in Q2 2024. The launch of the new car insurance platform is expected to significantly accelerate this growth, as it capitalizes on the increasing demand for digital insurance solutions in Greater Southeast Asia.

    Mr. Murthy added: “Our vertically integrated approach to brokerage, combined with this partnership, positions us to capture a larger share of the car insurance market. Insurance will continue to be a key contributor to our bottom line, driving new customer acquisition across our broader personal finance platform.”

    For more information about MoneyHero, including information for investors and learning about career opportunities, please visit http://www.MoneyHeroGroup.com.

    About MoneyHero Group
    MoneyHero Limited (NASDAQ: MNY) is a market leader in the online personal finance and digital insurance aggregation and comparison sector in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines.  Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory.  The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia’s largest operating B2C platform. MoneyHero currently manages 279 commercial partner relationships and services 8.1 million Monthly Unique Users across its platform for the six months ended June 30, 2024. The Company’s backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving Greater Southeast Asia’s digital economy, please visit http://www.MoneyHeroGroup.com.

    About bolttech
    bolttech is a global insurtech with a mission to build the world’s leading, technology-enabled ecosystem for protection and insurance. bolttech serves customers in more than 35+ markets across four continents, North America, Asia, Europe, and Africa. With a full suite of digital and data-driven capabilities, bolttech powers connections between insurers, distributors, and customers to make it easier and more efficient to buy and sell insurance and protection products.

    For more information, please visit http://www.bolttech.io.

    For MoneyHero inquiries, please contact:

    Investors:
    MoneyHero IR Team
    IR@MoneyHeroGroup.com

    Media:
    Gaffney Bennett PR
    MoneyHero@gbpr.com

    For bolttech inquiries, please contact:
    bolttech Group Communications
    enquiries@bolttech.io

    The MIL Network –

  • MIL-OSI: Awangarda-Marketing Announces Global Live Lead Generation Solutions for Finance, Real Estate, and More – New Offers until End of 2024

    Source: GlobeNewswire (MIL-OSI)

    PIOTRKOWSKA, POLAND, Oct. 08, 2024 (GLOBE NEWSWIRE) — Awangarda-Marketing, a global leader in live lead generation, is redefining how businesses acquire high-quality leads across multiple industries, including finance, investments, insurance, real estate, and cosmetics. With an innovative online service that allows advertisers to buy leads directly in CPA (Cost Per Acquisition) and CPL (Cost Per Lead) models, Awangarda-Marketing ensures that every lead meets strict qualification criteria, providing clients with optimal results and a higher conversion rate.

    Their new offer, available until the end of 2024, includes only live leads that have been pre-qualified through direct calls, guaranteeing high engagement and superior answer rates. To further enhance their commitment to quality, the company is offering up to 10% money back for any invalid numbers, making it a risk-free investment for advertisers worldwide.

    “We prioritize quality and transparency. Our team uses AI smart funnels to ensure lead optimization and the highest possible conversion rates,” said a spokesperson for Awangarda-Marketing. “By leveraging platforms like Facebook, Instagram, YouTube, Taboola, Outbrain, MSN, Bing, and Native, we provide advertisers with the best traffic sources, ensuring that all leads are current, engaged, and ready to convert.”

    As part of its expansion plans, Awangarda-Marketing is continually optimizing its AI-driven lead funnels, offering a suite of tools to track and analyze lead engagement. Their approach combines the latest technological advancements with deep industry knowledge, ensuring that every lead is not only captured but also converted into a valuable customer. For more information on their services and new offers, visit their official website.

    Awangarda-Marketing specializes in live lead generation services for multiple industries, with a focus on delivering high-quality, qualified leads that drive business growth. Their global network and expertise in platforms such as Facebook, Instagram, YouTube, and others make them the go-to partner for businesses seeking reliable lead generation solutions for insurance and finance sectors, for instance, they implement advanced programmatic marketing strategies that allow for precise targeting, ensuring that leads are not only plentiful but also aligned with specific demographic and psychographic profiles. This targeted approach significantly boosts conversion rates, turning prospects into loyal customers.

    In the real estate market, Awangarda-Marketing employs long warm-up funnels, nurturing leads through personalized content and engagement strategies over time. This method creates a strong rapport with potential buyers, leading to increased trust and a higher likelihood of conversion. Similarly, in the cosmetics industry, the focus is on engaging with leads through tailored campaigns that resonate with their beauty preferences and lifestyle choices. By utilizing data-driven insights and effective segmentation, Awangarda-Marketing helps businesses connect meaningfully with their audience, driving higher sales and customer loyalty.

    With a commitment to innovation and results, Awangarda-Marketing continues to set the standard for lead generation across various sectors, making it a strategic partner for businesses aiming to thrive in a competitive landscape.

    Media Contact

    Brand: Awangarda-Marketing

    Contact: George Andris

    Email:  georgea@awangarda-marketing.com

    Website: https://awangarda-marketing.com

    The MIL Network –

  • MIL-OSI: Topline Financial Credit Union Recognized for Prestigious Marketing Efforts

    Source: GlobeNewswire (MIL-OSI)

    MAPLE GROVE, Minn., Oct. 08, 2024 (GLOBE NEWSWIRE) —  TopLine Financial Credit Union, a Twin Cities-based member-owned financial services cooperative, was honored with three marketing awards from the Marketing Association of Credit Unions. The Marketing Association of Credit Unions (MAC) Awards honored TopLine in three categories: Community Engagement, Financial Education and Brand/Rebrand Evolution.

    In the Community Engagement category, TopLine won bronze for their Winter Spirit Week Penny Wars competition. The goal of Penny Wars was to introduce a fun new competition for employees that included a charitable component to benefit one of TopLine’s selected non-profit partners. Teams tried to earn as many points as possible with pennies worth one point, $1 bill worth 100 points, $5 bill worth 500 points, etc. Teams could sabotage other teams by dropping silver coins in opponents’ jars to deduct points. TopLine raised a total of $1,940 in just one week. The winning team got to select their TopLine non-profit charity of choice, and all donations were given to Avenues of Youth, who provides emergency shelter, short-term housing and supportive services for homeless youth in a safe and nurturing environment.

    TopLine took home silver in the Financial Education category for their financial education session with the Energy Careers Academy – the first ever graduating class of the program. The goal of the session was to equip adults with a better understanding of personal finance basics and develop healthy financial habits, such as establishing a financial services relationship, developing a budget, establish routine savings for emergencies and for retirement, using credit wisely, paying down debt, achieving other goals such as buying their first car, their first home, and the importance of planning for their future.

    In the Rebrand/Brand Evolution category, TopLine took home the bronze award for their new Bloomington Branch. The new branch was designed as a flagship branch, to pay tribute to TopLine’s heritage of telephone workers who founded the credit union in 1935 when seven employees of the Bell System pooled $35 to create Minneapolis Telco Credit Union. The roof line and drive up replicates the “T”, depicting a telephone pole and line. With the opening of the new branch, TopLine also developed a new tagline for their next era, “Connected, We All Do Better,” that pays homage to the credit union’s legacy, and supports the credit union mission of connecting with members, employees and communities to build life-long relationships.

    “We are incredibly honored and humbled to be recognized with three prestigious marketing awards by the Marketing Association of Credit Unions for our community engagement, financial education and branding efforts,” said Vicki Roscoe Erickson, Senior Vice President and Chief Marketing Officer, TopLine Financial Credit Union. “This achievement reflects the hard work, creativity, and dedication of our entire team and inspires us to continue pushing boundaries that make a meaningful impact in members’ lives. We remain committed to assist our members and communities with free financial education sessions and resources, and to educate consumers about the many benefits of using credit unions for their financial needs.”

    The Marketing Association of Credit Unions (MAC) was founded over 30 years ago, created for marketers by marketers as a fun way to share ideas, network, and help others be their professional best. For more information, visit http://www.macnetwork.org.

    TopLine Financial Credit Union, a Twin Cities-based credit union, is Minnesota’s 9th largest credit union, with assets of over $1.1 billion and serves over 70,000 members. Established in 1935, the not-for-profit financial cooperative offers a complete line of financial services from its ten branch locations — in Bloomington, Brooklyn Park, Champlin, Circle Pines, Coon Rapids, Forest Lake, Maple Grove, Plymouth, St. Francis and in St. Paul’s Como Park — as well as by phone and online at http://www.TopLinecu.com or http://www.ahcu.coop. Membership is available to anyone who lives, works, worships, attends school or volunteers in Anoka, Benton, Carver, Chisago, Dakota, Hennepin, Isanti, Kanabec, Mille Lacs, Pine, Ramsey, Scott, Sherburne, Washington and Wright counties in Minnesota and their immediate family members, as well as employees and retirees of Anoka Hennepin School District #11, Anoka Technical College, Federal Premium Ammunition, Hoffman Enclosures, Inc., GRACO, Inc., and their subsidiaries. Visit us on our Facebook or Instagram. To learn more about the credit union’s foundation, visit http://www.TopLinecu.com/Foundation.

    CONTACT:

    Vicki Roscoe Erickson
    Senior Vice President and Chief Marketing Officer
    TopLine Financial Credit Union
    verickson@toplinecu.com | 763.391.0872

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d229f9e0-78f3-48ff-aad8-3f241ccffc89

    The MIL Network –

  • MIL-OSI: Changes in the Management Board of Coop Liising AS

    Source: GlobeNewswire (MIL-OSI)

    The Supervisory Council of Coop Liising AS, a subsidiary of Coop Pank AS, decided today, 08.10.2024, to elect Janek Rüütalu as a new member of the board of Coop Liising AS. Rüütalu’s mandate begins on 13.10.2024 and lasts for 3 years until 12.10.2027.

    The powers of Erki Hiiuväin, the current board member of Coop Liising AS, expire as of 12.10.2024.

    Janek Rüütalu has worked as a leasing workout specialist and leasing credit risk analyst at DNB Pank AS in 2007–2017, and as a product and business development specialist at the Estonian branch of Citadele banka AS in 2018–2020. Since 2020, Janek Rüütalu has been working as a product and business development manager at Coop Liising AS. Rüütalu graduated from Tallinn Pedagogical University in 1996, majoring in German and English philology.

    Janek Rüütalu does not own any shares or bonds of Coop Pank. Rüütalu has been issued an option for 5,900 shares with an exercise deadline of 2025, an option for 6,600 shares with an exercise deadline of 2026.

    Coop Pank, based on Estonian capital, is one of the five universal banks operating in Estonia. The number of clients using Coop Pank for their daily banking reached 200,000. Coop Pank aims to put the synergy generated by the interaction of retail business and banking to good use and to bring everyday banking services closer to people’s homes. The strategic shareholder of the bank is the domestic retail chain Coop Eesti, comprising of 320 stores.

    Additional information:
    Katre Tatrik
    Communication Manager
    Tel: +372 5151 859
    E-mail: katre.tatrik@cooppank.ee

    The MIL Network –

  • MIL-OSI: Konsolidator to issue new shares in private placement – Inside information

    Source: GlobeNewswire (MIL-OSI)

    Company announcement no 15-2024

    Søborg, October 8, 2024

    Konsolidator to issue new shares in private placement

    The Board of Directors of Konsolidator A/S (“Konsolidator”) has today exercised its authorization to issue new shares in a private placement of new shares with expected gross proceeds of up to DKK 2.2m. As announced in the H2 2024 report, the equity on June 30, 2024, was negative and management would take the necessary steps to reestablish it.

    The Board of Directors of Konsolidator has today exercised its authorization to resolve on an increase of the share capital in a directed issue without pre-emption rights for Konsolidator’s existing shareholders according to 3.1.8 of the articles of association.

    Consequently, the board of directors has resolved to issue up to a total of 573,979 new shares at a subscription price of DKK 3,92 per share corresponding to the volume weighted average of Konsolidator’s share price over the 5 trading days preceding the decision of the Board of Directors. Gross proceeds from the private placement corresponds to approximately DKK 2.2m.

    Use of net proceeds

    In the H1 2024 report published on August 22, 2024, Konsolidator continues to focus on the new growth initiatives including developing the new banking segment. Further, Konsolidator focuses on supporting Konsolidator Iberia in Spain and Portugal as well as developing Konsolidator into being a partner-sales driven company within the Microsoft D365 partner channel.

    In company announcement no 14-2024 on August 22, 2024, Konsolidator announced that the focus for Q3 2024 would be to strengthen the capital structure and improve operations as well as securing funding of the operations.

    CEO Claus Finderup Grove says: “We have asked a lot from our shareholders in 2024, and we are very appreciative for their patience. We have restructured our cost base in August and maintain our focus on becoming cash flow positive.”

    The resolution on the private placement of new shares

    The new shares issued as a result of the private placement will be registered at the Danish Business Authority upon receipt of final subscriptions and cash payments for the new shares. Following registration, the share capital will increase by the number of new shares subscribed, where each share will have a nominal value of DKK 0.04. Today, the company has a registered share capital of nominal DKK 886,428.84 and with full subscription the share capital will increase to nominal DKK 909,388.00.

    The new shares represent approximately 2.6% of Konsolidator’s share capital before the capital increase and 2.5% of Konsolidator’s share capital after the capital increase.

    The new shares will be negotiable instruments, and no restrictions will apply to their transferability. The new shares will not carry any special rights. The rights conferred by the new shares, including voting and dividend rights, will apply from the date when the capital increase is registered with the Danish Business Authority. The new shares are to be registered in the name of the holder in Konsolidator’s register of shareholders.

    Admission to trading and expected timetable

    Konsolidator expects to have received final subscriptions and subscription amounts no later than on October 14, 2024, following which the capital increase will be registered with the Danish Business Authority. The new shares will be issued under the ISIN code of Konsolidator’s existing shares (DK0061113511), and are expected to be admitted to trading on Nasdaq First North Growth Market Denmark no later than on 17 October, 2024.

    The offering of new shares and the admission to trading is exempt from the obligation to publish a prospectus.

    Contacts

    Certified Adviser

    About Konsolidator
    Konsolidator A/S is a financial consolidation software company whose primary objective is to make Group CFOs around the world better through automated financial consolidation and reporting in the cloud. Created by CFOs and auditors and powered by innovative technology, Konsolidator removes the complexity of financial consolidation and enables the CFO to save time and gain actionable insights based on key performance data to become a vital part of strategic decision-making. Konsolidator was listed at Nasdaq First North Growth Market Denmark in 2019. Ticker Code: KONSOL

    Attachment

    The MIL Network –

  • MIL-OSI: Jeffersonville Bancorp and Jeff Bank Announce Resignation of Director Philip Coombe, III

    Source: GlobeNewswire (MIL-OSI)

    JEFFERSONVILLE, N.Y., Oct. 08, 2024 (GLOBE NEWSWIRE) — Jeffersonville Bancorp, Inc. (OTCQB – JFBC) today announced that Director Philip Coombe, III, has resigned from the board of directors of Jeffersonville Bancorp and its subsidiary, Jeff Bank, effective immediately.

    Mr. Coombe became a director of Jeffersonville Bancorp in 2012 and has provided beneficial contributions throughout his time to help aid the growth of the Company and Jeff Bank. Mr. Coombe served on every committee of Jeff Bank and was standing Chairman of the Asset and Liability and Compliance Committees. Mr. Coombe is stepping down from the board due to his expanding business and professional obligations.

    “I am grateful for the opportunity to serve on the board and contribute to the Company’s vision and growth over the past 12 years,” stated Mr. Coombe. “It has been a pleasure being involved with the Company and its talented professionals. I am confident the board and management teams will be successful in growing the Company and continuing to deliver shareholder value.”

    “On behalf of Jeffersonville Bancorp, Jeff Bank, and the Board of Directors, I want to thank Phil for his dedication and support over the last 12 years,” stated George W. Kinne, Jr., President and CEO. “It has been a privilege sitting beside Mr. Coombe during his time on the board. We wish him all the best in his future endeavors and know that he will continue to be a supporter of Jeff Bank.”

    Jeffersonville Bancorp is a one-bank holding company, which owns all the capital stock of Jeff Bank. Jeff Bank maintains ten full-service branches in Sullivan and Orange County, New York located in Anawana Lake Road/Monticello, Eldred, Callicoon, Jeffersonville, Liberty, Livingston Manor, Monticello, Port Jervis, White Lake, and Wurtsboro.

    For More Information, call: 845-482-4000

    Contact: George W. Kinne, Jr., President – CEO

    The MIL Network –

  • MIL-OSI: 2024 State of Women’s Small Business Report by Block Advisors Reveals Resilience Despite Persistent Support Barriers

    Source: GlobeNewswire (MIL-OSI)

    Over 6,000 applicants of the Fund Her Future small business grant program show high confidence yet cite major barriers for women looking to start a business

    KANSAS CITY, Mo., Oct. 08, 2024 (GLOBE NEWSWIRE) — Today, Block Advisors by H&R Block unveiled its 2024 State of Women’s Small Business Report, which reveals that women entrepreneurs continue to face significant funding and support gaps, with these challenges being even more severe for BIPOC women. These systemic obstacles contribute to a personal confidence gap among owners themselves. Despite these barriers, many current business owners feel the outlook for their businesses’ future is positive.

    While nearly all applicants (94%) express feeling ‘somewhat’ to ‘very’ positive about 2025, respondents also express being cautious with finances given the state of today’s economy. Over half of respondents (56%) claim inflation has affected their prices this year; and over the next six months to a year, some respondents believe they may be forced to cut expenses (44%) and raise prices again due to inflation (39%). Despite cautious optimism, the report highlights significant challenges in women’s entrepreneurial journeys. The challenges experienced are even more pronounced for respondents who are racially diverse.

    “Starting a business has its fair share of struggles – sustaining it brings additional challenges,” said Jamil Khan, Chief Small Business Officer at H&R Block. “This report sheds light on the ongoing obstacles, helping us better understand the resources, guidance, and tools to which women entrepreneurs of all backgrounds need access. It’s commonly known that 50% of businesses close within five years of opening – this report helps us understand how we can work with women founders to beat those odds.”

    The 2024 State of Women’s Small Business Report by Block Advisors offers insights from 6,333 Fund Her Future grant applicants. The analysis underscores the profile, attitudes, and behaviors of these applicants, specifically in terms of the motivations, challenges, and needs of today’s women entrepreneurs. Block Advisors’ review of survey responses shows women founders’ future confidence is fueled by a spirit of perseverance. The majority of respondents cited facing substantial funding and support gaps when starting their business. These barriers may play into the confidence gap that was noted in over half of respondents.

    Block Advisors believes these findings reinforce the need for programs like the Fund Her Future grant. “It is clear that women entrepreneurs are determined to find success on their business journey. For these underserved business owners, the right support and guidance in those critical early years can make all the difference in navigating the challenging road ahead,” said Khan.

    Women Applicants Skew Younger, Diverse, and Seek Autonomy

    The grant applicant pool reveals that today’s woman entrepreneur in search of funding is a younger, educated, and racially diverse owner just starting their small business journey. Specifically, approximately half of respondents to the Fund Her Future grant survey were women who were Black (50%), college-educated or higher (63%), millennial (53%), and with two years or less of owning a business (49%).

    Responses indicated that these female founders deeply value being engaged leaders. Improving communities and the overall need for autonomy were among the top motivators for starting their businesses. Almost all (98%) of respondents mentioned improving a community as a motivator. This is supported by the industries represented by applicants: nearly one in four (23%) women own a business in counseling, education, tutoring, or business consulting.

    A preference for business autonomy and work flexibility were also leading catalysts toward business formation: 92% of those surveyed cited wanting to be their own boss and 89% cited wanting to set their own schedule. One in five (21%) women shared that they were starting a business to escape the traditional 9-to-5 work environment so that they could tap into the childcare flexibility of staying home with their kids. Not all aspiring entrepreneurs leave traditional workplaces right away, however. Exactly half of all respondents started their business as a side gig. A slower transition may allow for greater stability during the often-tenuous early years of a business startup, while still lending the founder more feelings of autonomy and self-directed purpose.

    Funding & Support Gaps Remain Big Barriers to Business Formation

    The report found four of the top five barriers to starting a business all dealt with funding and support gaps, further confirming the need to close these gaps through programs like Block Advisors by H&R Block’s Fund Her Future grant. In fact, a ‘lack of start-up capital’ (80%), ‘needing steady, reliable income’ (76%), and ‘needing a solid business plan’ (56%) round out the top three barriers, with ‘needing help getting started’ (50%) placing fifth. 

    Interestingly, 54% of respondents cited ‘fear of failure,’ making it the fourth most common barrier. This spotlights a little-talked-about confidence gap for over half of women entrepreneurs. One respondent stated, “Starting a new business can be daunting, especially as a first-time entrepreneur. The fear of failure, coupled with the challenges of securing funding, can be overwhelming.”​

    Digging deeper into the support gap, a lack of overall mentorship was a common theme. This points to a major barrier that keeps women from taking the leap to start their business. Additionally, one in four (27%) women business owners said they hesitated to start a business due to the lack of mentorship during the process.

    Funding gaps and struggles sourcing capital continue to be prevalent: one in three respondents applied for a bank loan, but 42% of those who applied were never approved. When looked at through an ethnicity lens, the picture becomes more concerning for BIPOC and Black women. Among those who applied for a bank loan, 45% of BIPOC applicants were never approved, compared to 36% of their white peers. Black women applicants seeking a bank loan reported being denied bank loans most frequently. 47% of Black women founders who applied for loans were ultimately denied and unable to access this type of funding.  

    What Women Entrepreneurs Need: Money, Marketing Support, and More Help with Tax Prep

    When asked what tops their wish list for achieving business success, women entrepreneurs confirmed their business would thrive if they had start-up capital (66%) and marketing and advertising support (45%).

    Furthermore, while starting a business can seem exciting and glamorous, respondents express owning a business comes with unexpected responsibilities. While they may have started their business to follow their passion, there are many administrative aspects that comprise the less appealing side of their business to-do lists. Overall, tax preparation (53%) and bookkeeping (40%) rank as the least favorite tasks for applicants, followed by website development and social media management (25%), and marketing & advertising (22%).

    On a similar note, amongst a list of eight business tasks, applicants are least confident in their ability to find all available tax credits and deductions: more than two-thirds of women claim they are only ‘somewhat confident’ to ‘very unconfident.’ Because of this – and coupled with the fact that tax preparation and bookkeeping rank as the two least favorite tasks – today’s woman small business owner may be at risk of leaving tax deductions on the table.

    “For the upcoming generation of women entrepreneurs, building a supportive network of trusted experts and advisors will be crucial in overcoming these challenges and achieving long-term success. Block Advisors takes pride in helping its small business customers offload the business tasks—such as tax preparation, bookkeeping, payroll, business formation, and beneficial owner reporting—to pursue their passions,” said Khan.

    Download the 2024 State of Women’s Small Business Report by Block Advisors.

    To learn more about Block Advisors and the Fund Her Future grant, visit http://www.BlockAdvisors.com and http://www.BlockAdvisors.com/FundHerFutureGrant.

    About H&R Block 
    H&R Block, Inc. (NYSE: HRB) provides help and inspires confidence in its clients and communities everywhere through global tax preparation services, financial products, and small-business solutions. The company blends digital innovation with human expertise and care as it helps people get the best outcome at tax time and also be better with money using its mobile banking app, Spruce. Through Block Advisors and Wave, the company helps small-business owners thrive with year-round bookkeeping, payroll, advisory, and payment processing solutions. For more information, visit H&R Block News.

    The MIL Network –

  • MIL-OSI: Cloudera Unveils AI Inference Service with Embedded NVIDIA NIM Microservices to Accelerate GenAI Development and Deployment

    Source: GlobeNewswire (MIL-OSI)

    Cloudera’s AI Inference service boosts LLM performance speeds by 36x using NVIDIA accelerated computing and NVIDIA NIM microservices, providing enhanced performance, robust security, and scalable flexibility for enterprises

    Combined capability brings together companies’ differentiators in a single offering: Cloudera’s trusted data as the foundation for trusted AI with NVIDIA accelerated computing and the NVIDIA AI Enterprise software platform to deploy secure and performant AI applications privately on Cloudera

    SANTA CLARA, Calif and NEW YORK, Oct. 08, 2024 (GLOBE NEWSWIRE) — Cloudera, the only true hybrid platform for data, analytics, and AI, today launched Cloudera AI Inference powered by NVIDIA NIM microservices, part of the NVIDIA AI Enterprise platform. As one of the industry’s first AI inference services to provide embedded NIM microservice capability, Cloudera AI Inference uniquely streamlines the deployment and management of large-scale AI models, allowing enterprises to harness their data’s true potential to advance GenAI from pilot phases to full production.

    Recent data from Deloitte reveals the biggest barriers to GenAI adoption for enterprises are compliance risks and governance concerns, yet adoption of GenAI is progressing at a rapid pace, with over two-thirds of organizations increasing their GenAI budgets in Q3 this year. To mitigate these concerns, businesses must turn to running AI models and applications privately – whether on premises or in public clouds. This shift requires secure and scalable solutions that avoid complex, do-it-yourself approaches.

    Cloudera AI Inference protects sensitive data from leaking to non-private, vendor-hosted AI model services by providing secure development and deployment within enterprise control. Powered by NVIDIA technology, the service helps to build trusted data for trusted AI with high-performance speeds, enabling the efficient development of AI-driven chatbots, virtual assistants, and agentic applications impacting both productivity and new business growth.

    The launch of Cloudera AI Inference comes on the heels of the company’s collaboration with NVIDIA, reinforcing Cloudera’s commitment to driving enterprise AI innovation at a critical moment, as industries navigate the complexities of digital transformation and AI integration.

    Developers can build, customize, and deploy enterprise-grade LLMs with up to 36x faster performance using NVIDIA Tensor Core GPUs and nearly 4x throughput compared with CPUs. The seamless user experience integrates UI and APIs directly with NVIDIA NIM microservice containers, eliminating the need for command-line interfaces (CLI) and separate monitoring systems. The service integration with Cloudera’s AI Model Registry also enhances security and governance by managing access controls for both model endpoints and operations. Users benefit from a unified platform where all models—whether LLM deployments or traditional models—are seamlessly managed under a single service.

    Additional key features of Cloudera AI Inference include:

    • Advanced AI Capabilities: Utilize NVIDIA NIM microservices to optimize open-source LLMs, including LLama and Mistral, for cutting-edge advancements in natural language processing (NLP), computer vision, and other AI domains.
    • Hybrid Cloud & Privacy: Run workloads on prem or in the cloud, with VPC deployments for enhanced security and regulatory compliance.
    • Scalability & Monitoring: Rely on auto-scaling, high availability (HA), and real-time performance tracking to detect and correct issues, and deliver efficient resource management.
    • Open APIs & CI/CD Integration: Access standards-compliant APIs for model deployment, management, and monitoring for seamless integration with CI/CD pipelines and MLOps workflows.
    • Enterprise Security: Enforce model access with Service Accounts, Access Control, Lineage, and Auditing features.
    • Risk-Managed Deployment: Conduct A/B testing and canary rollouts for controlled model updates.

    “Enterprises are eager to invest in GenAI, but it requires not only scalable data but also secure, compliant, and well-governed data,” said industry analyst, Sanjeev Mohan. “Productionizing AI at scale privately introduces complexity that DIY approaches struggle to address. Cloudera AI Inference bridges this gap by integrating advanced data management with NVIDIA’s AI expertise, unlocking data’s full potential while safeguarding it. With enterprise-grade security features like service accounts, access control, and audit, organizations can confidently protect their data and run workloads on prem or in the cloud, deploying AI models efficiently with the necessary flexibility and governance.”

    “We are excited to collaborate with NVIDIA to bring Cloudera AI Inference to market, providing a single AI/ML platform that supports nearly all models and use cases so enterprises can both create powerful AI apps with our software and then run those performant AI apps in Cloudera as well,” said Dipto Chakravarty, Chief Product Officer at Cloudera. “With the integration of NVIDIA AI, which facilitates smarter decision-making through advanced performance, Cloudera is innovating on behalf of its customers by building trusted AI apps with trusted data at scale.”

    “Enterprises today need to seamlessly integrate generative AI with their existing data infrastructure to drive business outcomes,” said Kari Briski, vice president of AI software, models and services at NVIDIA. “By incorporating NVIDIA NIM microservices into Cloudera’s AI Inference platform, we’re empowering developers to easily create trustworthy generative AI applications while fostering a self-sustaining AI data flywheel.”

    These new capabilities will be unveiled at Cloudera’s premier AI and data conference, Cloudera EVOLVE NY, taking place Oct. 10. Click here to learn more about how these latest updates deepen Cloudera’s commitment, elevating enterprise data from pilot to production with GenAI.

    About Cloudera
    Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what seemed impossible—today and in the future.

    To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.

    Contact

    Jess Hohn-Cabana
    cloudera@v2comms.com

    The MIL Network –

  • MIL-OSI: ibex Expands Call Center Operations in Honduras, Creating 250 New Jobs in the Region

    Source: GlobeNewswire (MIL-OSI)

    TEGUCIGALPA, Honduras, Oct. 08, 2024 (GLOBE NEWSWIRE) — ibex (NASDAQ: IBEX), a leading global provider of business process outsourcing (BPO) and customer engagement technology solutions, today announced a significant expansion of its operations in Tegucigalpa, the capital of Honduras. This expansion underscores ibex’s commitment to growth in the region and strengthens its nearshore strategy.

    ibex has officially added almost 10,000 square feet of space to its real estate footprint in Honduras. The expanded facility now includes more than 180 additional production seats, representing a 35% increase in operational capacity. The space also features additional recreational areas, offices and training spaces, demonstrating ibex’s dedication to creating a supportive and productive work environment for its employees.

    ibex’s expanded operations in Honduras are expected to create approximately 250 new job opportunities, further contributing to the local economy. The new space became operational in mid-September, with the frontline team successfully handling its first calls. ibex anticipates full utilization of the upgraded space in the coming month.

    “Our continued investment in Honduras reflects ibex’s unwavering commitment to the country and reinforces our successful nearshore strategy. I want to extend my gratitude to all team members who contributed their time and effort in bringing this project to fruition,” said Bob Dechant, CEO of ibex. “Our increased presence in Honduras is not only creating valuable employment opportunities, but also strengthening our ability to deliver high-quality services to our global clients. This expansion is also a testament to the skilled workforce in Honduras and our confidence in the country as a key hub for our operations.”

    The expansion comes on the heels of an impressive year of growth for ibex Honduras. In fiscal year 2024, the office saw a remarkable 249% increase in headcount, reflecting the rapid scaling of operations in the country. This growth has been driven by the introduction of new lines of business and clients within the Fintech vertical, as well as an expansion into HR support services.

    Employee development and internal advancement in Honduras are key to ibex’s success, as evidenced by the promotion of 156 team members during fiscal year 2024. With the current expansion, ibex anticipates even more promotional opportunities in Honduras, further strengthening the company’s position as an employer of choice in the region.

    ibex has been recognized for its outstanding culture, employee experience, development opportunities, and service, including Best Place to Work for Women in Central America and the Caribbean by Great Place to Work, Nearshore Company of the Year by Nearshore Americas, and Central America and Caribbean Company of the Year by Frost & Sullivan.

    About ibex

    ibex delivers innovative business process outsourcing (BPO), smart digital marketing, online acquisition technology, and end-to-end customer engagement solutions to help companies acquire, engage and retain valuable customers. Today, ibex operates a global CX delivery center model consisting of approximately 30 operations facilities around the world, while deploying next generation technology to drive superior customer experiences for many of the world’s leading companies across retail, e-commerce, healthcare, fintech, utilities and logistics.

    ibex leverages its diverse global team of over 30,000 employees together with industry-leading technology, including the AI-powered ibex Wave iX solutions suite, to manage nearly 175 million critical customer interactions, adding over $2.2B in lifetime customer revenue each year and driving a truly differentiated customer experience. To learn more, visit our website at ibex.co and connect with us on LinkedIn.

    Media Contact:
    Dan Burris
    ibex
    Daniel.Burris@ibex.co

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/877c79ca-4329-4c48-b613-1c7f982f52c9

    The MIL Network –

  • MIL-OSI: Celona and HCLTech Announce Strategic Global Partnership to Deliver Advanced Private 5G Solutions

    Source: GlobeNewswire (MIL-OSI)

    CUPERTNO, Calif., Oct. 08, 2024 (GLOBE NEWSWIRE) — Celona, a pioneer in private 5G networks, and HCLTech, a leading global technology company, announced a strategic partnership to jointly deliver advanced private 5G network solutions to enterprises worldwide. This collaboration leverages Celona’s innovative private 5G LAN offering and HCLTech’s extensive experience in digital transformation to accelerate Industry 4.0 initiatives across industries. The joint offering is designed to drive digital innovation and operational efficiencies across multiple sectors.

    This partnership will focus on providing a comprehensive private network solution that combines Celona’s cutting-edge private 5G technology with HCLTech’s extensive digital portfolio which helps enterprises unlock the power of data and AI to build a digital culture and modernize all aspects of the business. HCLTech was among the first global system integrators to recognize that successful digital transformation programs need to be built on a foundation of robust and secure wireless connectivity, and have partnered with Celona to provide turnkey private 5G solutions.

    “We are thrilled to partner with HCLTech to accelerate the deployment of private 5G networks across the industries that need it most,” said Sanjeet Pandit, Vice President of Global Sales, Celona. “This collaboration will enable us to offer tailored solutions that meet the unique connectivity needs for each target industry, driving innovation through automation and enhancing productivity on a global scale.”

    “We look forward to offering best-in-class private network solutions together with Celona,” said Gurpreet Singh Kohli, Senior Vice President, HCLTech. “This partnership aligns with our commitment to delivering next-generation digital transformation solutions to our clients. By combining our expertise with Celona’s advanced private 5G technology, we are poised to redefine connectivity and drive significant value for businesses worldwide.”

    The partnership between HCLTech and Celona marks a significant milestone in the advancement of private 5G, promising to revolutionize how industries leverage the latest in wireless connectivity to achieve their Industry 4.0 goals.

    About HCLTech 
    HCLTech is a global technology company, home to more than 219,000 people across 60 countries, delivering industry-leading capabilities centered around digital, engineering, cloud and AI, powered by a broad portfolio of technology services and products. We work with clients across all major verticals, providing industry solutions for Financial Services, Manufacturing, Life Sciences and Healthcare, Technology and Services, Telecom and Media, Retail and CPG and Public Services. Consolidated revenues as of 12 months ending June 2024 totaled $13.4 billion. To learn how we can supercharge progress for you, visit hcltech.com.

    About Celona
    Based in Silicon Valley, Celona is a pioneer and leading innovator of enterprise private wireless solutions. The company developed the industry’s first 5G LAN system, a turnkey private 5G solution that enables enterprises to address their growing needs for secure and reliable wireless connectivity for critical business applications. Celona 5G LAN has been deployed by a wide range of global customers across industries. To date, the company has raised over $135 million in venture funding from Lightspeed Venture Partners, Norwest Venture Partners, NTT Ventures, Cervin Ventures, DigitalBridge and Qualcomm Ventures. For more information, please visit celona.io.

    Media contact:
    Janet Brumfield
    Mindshare PR for Celona
    janet@mindsharepr.com
    614-582-9636

    The MIL Network –

  • MIL-OSI: Results of additional issuance – RIKB 27 0415 – RIKB 35 0917

    Source: GlobeNewswire (MIL-OSI)

    As stated in paragraph 6 in General Terms of Auction for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 4. October, at the price of accepted bids.

    Series RIKB 27 0415 RIKB 35 0917
    ISIN IS0000036291 IS0000035574
    Additional issuance (nominal) 320,000,000 313,000,000
    Settlement date 10/09/2024 10/09/2024
    Total outstanding (nominal) 47,410,000,000 60,412,000,000

    The MIL Network –

  • MIL-OSI: Landsbankinn hf.: Covered bond offering results

    Source: GlobeNewswire (MIL-OSI)

    Today, Landsbankinn concluded a covered bond auction where one series was offered for sale.

    A total of 23 bids for ISK 10,660m were received in the series LBANK CBI 30 at 3.94%-4.08% yield. Bids in the amount of ISK 9,480m were accepted in the series at 4.00% yield. Following the tap issuance, the total amount issued in the series will be ISK 39,160m.

    Settlement date will be 15 October 2024.

    Arion banki, Islandsbanki and Kvika act as market makers for covered bonds issued by Landsbankinn. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings.

    The covered bonds are issued in accordance with a license from the Financial Supervisory Authority (FME), with reference to act. no. 11/2008 and FME‘s rules no. 190/2023. Further information on the bonds and the cover pool is available on Landsbankinn‘s website, Landsbankinn’s funding – Landsbankinn.is.

    The MIL Network –

  • MIL-OSI: US Technology Leaders Tap NVIDIA AI Software to Transform World’s Industries

    Source: GlobeNewswire (MIL-OSI)

    • AT&T, Lowe’s, University of Florida Among First Organizations Using NVIDIA NeMo
    • Accenture, Deloitte, Quantiphi, SoftServe Tap NVIDIA NeMo, NIM Microservices and NIM Agent Blueprints to Create Custom Generative AI Agents for Clients
    • Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow, Teradata Advance Data and AI Platforms With NIM

    WASHINGTON, Oct. 08, 2024 (GLOBE NEWSWIRE) — NVIDIA AI Summit — NVIDIA today announced it is teaming with U.S. technology leaders to help organizations create custom AI applications and transform the world’s industries using the latest NVIDIA NIM™ Agent Blueprints and NVIDIA NeMo™ and NVIDIA NIM microservices.

    Across industries, organizations like AT&T, Lowe’s and the University of Florida are using the microservices to create their own data-driven AI flywheels to power custom generative AI applications.

    U.S. technology consulting leaders Accenture, Deloitte, Quantiphi and SoftServe are adopting NVIDIA NIM Agent Blueprints and NVIDIA NeMo and NIM microservices to help clients in healthcare, manufacturing, telecommunications, financial services and retail create custom generative AI agents and copilots.

    Data and AI platform leaders Cadence, Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow and Teradata are advancing their data and AI platforms with NVIDIA NIM.

    “AI is driving transformation and shaping the future of global industries,” said Jensen Huang, founder and CEO of NVIDIA. “In collaboration with U.S. companies, universities and government agencies, NVIDIA will help advance AI adoption to boost productivity and drive economic growth.”

    NVIDIA NeMo Microservices for Precision-Tailored Generative AI
    NVIDIA NeMo microservices support end-to-end model customization workflows and the development of AI agents to help enterprises bring custom generative AI applications to market faster, reducing development costs.

    New NeMo microservices — NeMo Customizer, NeMo Evaluator and NeMo Guardrails — can be paired with NIM microservices to help developers easily curate data at scale, customize and evaluate models, and manage responses to align with business objectives. Developers can then seamlessly deploy a custom NIM microservice across any GPU-accelerated cloud, data center or workstation.

    New NVIDIA NIM Agent Blueprint for Software Security Now Available
    To provide a jump-start for developers, NVIDIA offers NIM Agent Blueprints — reference workflows that provide a guide for developing applications built with NVIDIA NeMo and NIM microservices.

    NIM Agent Blueprints help accelerate AI deployments for key enterprise use cases, including drug discovery, customer service and data extraction. A new blueprint for software container security is available today.

    Developers can experiment with NeMo and NIM microservices, as well as NVIDIA NIM Agent Blueprints, at no charge. Enterprises can deploy applications in production with enterprise-grade security, support and stability through the NVIDIA AI Enterprise software platform.

    NVIDIA Microservices Build Custom AI Agents for Industries
    Leaders across industries are using NVIDIA AI to improve telecommunications, education and security.

    • AT&T is working with Quantiphi to build a conversational platform, using NVIDIA NIM, that can support employees with software development, network engineering and financial services tasks.
    • The University of Florida has adopted NVIDIA NIM and NeMo to advance its learning management system, based on retrieval-augmented generation, that helps teaching assistants improve student success and retention.
    • Lowe’s, a FORTUNE 50 home improvement company, is exploring the use of NVIDIA NIM and NeMo microservices to improve experiences for associates and customers and enhance productivity of their store associates. For example, the retailer is leveraging NVIDIA NeMo Guardrails to enhance the safety and security of its generative AI solution platform.

    Global Consulting Giants Accelerate AI Adoption With NeMo
    NVIDIA global service provider and service delivery partners are helping companies across industries use NVIDIA NeMo and NIM microservices and NIM Agent Blueprints to build custom AI applications that tap into business data.

    • Accenture is helping clients build domain-specific AI agents using NVIDIA NeMo and NIM microservices through its AI Refinery™ and the Accenture NVIDIA Business Group.
    • Deloitte is integrating the latest NVIDIA NIM Agent Blueprint into its cybersecurity solutions, which will help enterprises accelerate software vulnerability analysis and mitigation at scale.
    • SoftServe’s generative AI Industrial Assistant, which uses NeMo and NIM microservices, improves safety and efficiency in industrial manufacturing by making equipment manuals more accessible and providing factory workers real-time guidance on troubleshooting and maintenance.

    Data and AI Platforms Advance Insight With NeMo and NIM Microservices
    NVIDIA AI ecosystem partners Cadence, Cloudera, DataStax, Google Cloud, NetApp, SAP, ServiceNow and Teradata are using NeMo and NIM microservices to build customized generative AI applications with optimized inference.

    • Cloudera today unveiled an AI Inference Service with embedded NIM that will allow developers to build, customize and deploy enterprise-grade large language models with up to 36x faster inference performance.
    • Google Cloud is integrating NIM into Google Kubernetes Engine to provide enterprise customers with a simplified path for deploying optimized models directly from the Google Cloud Marketplace.
    • SAP will use NIM microservices to deploy custom generative AI applications for its clients.
    • ServiceNow is one of the first to adopt NeMo and NIM microservices, and recently announced its plans to also adopt NVIDIA NIM Agent Blueprints to power generative AI use cases for several U.S. government agencies. ServiceNow’s technology also enables organizations to create custom generative AI agents that can reinvent work across the entire enterprise.
    • Teradata is integrating NVIDIA AI Enterprise into its Vantage platform to enable more efficient development and deployment of trusted generative AI applications.

    Availability
    Developers can access NVIDIA AI software, including NIM microservices, through the NVIDIA API catalog, as well as experiment with the microservices for free using an NVIDIA Developer license.

    About NVIDIA
    NVIDIA (NASDAQ: NVDA) is the world leader in accelerated computing.

    For further information, contact:
    Anna Kiachian
    NVIDIA Corporation
    +1-650-224-9820
    akiachian@nvidia.com

    Certain statements in this press release including, but not limited to, statements as to: the benefits, impact, performance, features, and availability of NVIDIA’s products and technologies, including NVIDIA NeMo and NIM microservices, NeMo Customizer, NeMo Evaluator, NeMo Guardrails, NIM Agent Blueprints, and NVIDIA AI Enterprise software platform; third parties using or adopting NVIDIA products, technologies and platforms, and the benefits and impacts thereof; our collaboration with third parties and the benefits and impacts thereof; NVIDIA global service provider and service delivery partners helping companies across industries use NVIDIA NeMo and NIM microservices and NIM Agent Blueprints to build custom AI applications that tap into business data; artificial intelligence driving transformations and shaping the future of industries; and working with our U.S. technology partners, NVIDIA helping the world build custom AI applications that serve unique industry needs and reflect local languages and cultures, as well as our core values of ethics and innovation that preserve American leadership in AI are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

    © 2024 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, NVIDIA NeMo and NVIDIA NIM are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce44ce3e-d1a7-4109-a54e-6b7f66a31267

    The MIL Network –

  • MIL-OSI: Capgemini SE: Neutralization of the 2024 ESOP dilutive impact

    Source: GlobeNewswire (MIL-OSI)

    Media relations:
    Victoire Grux
    Tel.: +33 6 04 52 16 55
    victoire.grux@capgemini.com

    Investor relations:
    Vincent Biraud
    Tel.: +33 1 47 54 50 87
    vincent.biraud@capgemini.com

    Capgemini’s eleventh Employee Share Ownership Plan:
    share buyback to neutralize dilution

    Paris, October 8, 2024 – As part of its eleventh Employee Share Ownership Plan (ESOP), Capgemini is announcing the launch of a share buyback to neutralize the shareholder dilution associated with this plan.

    Capgemini will allocate in advance the proceeds of this eleventh ESOP plan – which takes the form of a capital increase reserved for employees – to the repurchase of existing shares. This share buyback operation is designed to neutralize the shareholder dilution resulting from the capital increase and will take place before December 19, 2024, the date on which the capital increase will become effective. On this date, employee shareholding will be increased by a maximum of 2.7 million shares (representing 1.56% of existing share capital), with no material impact on the Group’s cash position and no significant dilution of existing shareholders.

    On October 8, 2024, Capgemini SE entered into a share buyback agreement with an investment services provider, which is also the institution structuring the employee share ownership plan. Capgemini has thus undertaken to buy back its own shares, up to a limit of 2.7 million shares and 675 million euros, for the purpose of cancellation. The main terms and conditions of the share buyback agreement are detailed in the appendix to this press release.

    As a reminder, this share buyback transaction follows the announcement on September 11, 2024 of the launch of the eleventh ESOP plan and the decision by Capgemini SE’s Board of Directors to authorize a dedicated share buyback program. The terms of these two transactions fall within the scope of authorizations granted by the Shareholders’ Meeting of May 16, 2024.

    DISCLAIMER
    This press release may contain forward-looking statements. Such statements may include projections, estimates, assumptions, statements regarding plans, objectives, intentions and/or expectations with respect to future financial results, events, operations and services and product development, as well as statements, regarding future performance or events. Forward-looking statements are generally identified by the words “expects”, “anticipates”, “believes”, “intends”, “estimates”, “plans”, “projects”, “may”, “would”, “should” or the negatives of these terms and similar expressions. Although Capgemini’s management currently believes that the expectations reflected in such forward-looking statements are reasonable, investors are cautioned that forward-looking statements are subject to various risks and uncertainties (including, without limitation, risks identified in Capgemini’s Universal Registration Document available on Capgemini’s website), because they relate to future events and depend on future circumstances that may or may not occur and may be different from those anticipated, many of which are difficult to predict and generally beyond the control of Capgemini. Actual results and developments may differ materially from those expressed in, implied by or projected by forward-looking statements. Forward-looking statements are not intended to and do not give any assurances or comfort as to future events or results. Other than as required by applicable law, Capgemini does not undertake any obligation to update or revise any forward-looking statement.

    This press release does not contain or constitute an offer of securities for sale or an invitation or inducement to invest in securities in France, the United States or any other jurisdiction.

    ABOUT CAPGEMINI
    Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 340,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.

    Get the Future You Want | http://www.capgemini.com

    * *

    *

    APPENDIX

    Main terms and conditions of the share buyback agreement

    Capgemini SE undertakes to buy back its own shares up to a limit of 2,700,000 shares and 675 000 000 euros, with a view to cancelling them. The price per share to be paid will be calculated based on the volume-weighted average daily share prices over a maximum period of 20 trading days starting on October 10, 2024, and corresponding to the period for setting the reference price of the shares to be issued under the new ESOP plan.

    Share buyback transactions by the investment services provider under this agreement will cease no later than November 6, 2024.

    Attachment

    The MIL Network –