Category: Machine Learning

  • MIL-OSI Europe: Five AIMS – Lessons from Internet Governance for Artificial Intelligence Management Strategies

    Source: Universities – Science Po in English

    Days away from the Paris AI Action Summit, the elaboration of the emerging framework to govern the development and adoption of AI technologies is at the heart of heated, sometimes overwhelming debates and controversies. While new AI models are being released at an accelerating pace, with ever greater promises of game-changing applications, revolutionary disruptions, and prophecies of geopolitical shifts, AI governance remains partially undertheorised.

    To help scaffold coherent, coordinated, and enforceable rules and institutions, Dame Wendy Hall, DBE, FRS, FREng, Regius Professor of Computer Science, Associate Vice President (International Engagement) and Director of the Web Science Institute at the University of Southampton, Kieron O’Hara, emeritus fellow in Electronics and Computer Science at the University of Southampton, and Pierre Noro, advisor of the PSIA Tech & Global Affairs Innovation Hub, reinterpret the Four Internet models elaborated by Hall and O’Hara in their 2018 article and in their influential book Four Internets: Data, Geopolitics, and the Governance of Cyberspace (Oxford UP, 2021) in regard to AI technologies.

    This translation, grounded in an analysis of the historical, socio-economic, and ideological differences distinguishing the context that shaped Internet governance and the current one, yields many enlightening insights and is the foundation of five Artificial Intelligence Management Strategies (AIMS):

    • Open AIMS: Fostering openness and transparency, common ownership and collaboration, interoperability.
    • Bourgeois AIMS: Fostering rights and civility with procedural rules and codes
    • Paternal AIMS: Mandating outcomes and confining uses.
    • Commercial AIMS: Allowing market solutions to resource allocation problems.
    • Hacker AIMS: Libertarian, anti-authoritarian, decentralised approach valorising software skills, resisting censorship, and empowering individuals and communities to make and reshape the information space.
       

    As narratives, the AIMS do not aspire to crystal clarity, but rather are intended as sensemaking aids; the characterisations above […] may already help categorize and interpret discourses, stances, and proposals.

    With many illustrations to exemplify their core tenets, their limits and their intersections, this paper offers the Five AIMS as cardinal concepts to help AI governance stakeholders, especially public and private decisionmakers, navigate the upcoming AI Action Summit and future governance conversation.

    Concluding on a set of ongoing research questions reflecting open policy challenges, it is a foundational step towards cementing the Five AIMS as a suitable framework for understanding the governance of AI.

    Learn more by reading the full policy brief: Five AIMS: Lessons from Internet Governance for Artificial Intelligence Management Strategies (PDF, 368 Ko)

    (credits: Image generated with Microsoft Copilot. Edited by Pierre Noro.)

    MIL OSI Europe News

  • MIL-OSI United Kingdom: Digital mental health technologies guidance launched to help manufacturers and safeguard users

    Source: United Kingdom – Executive Government & Departments

    New guidance helps manufacturers navigate medical device regulations and protect users of digital mental health technologies.

    The Medicines and Healthcare products Regulatory Agency (MHRA) has today issued new guidance to help manufacturers meet UK medical devices regulations and ensure digital mental health technologies are effective, reliable and acceptably safe.

    From mental health apps, AI-powered assessments, and virtual reality therapy, digital mental health technologies are increasingly used by individuals and the NHS to support mental health.

    Digital mental health technologies that diagnose, prevent, or treat conditions using complex software must meet medical device standards to ensure they are effective and acceptably safe, just like any other medical device. Manufacturers may be unsure how medical devices regulations apply to software, which products are regulated, how they are assessed, and what evidence is required.

    This new guidance explains:

    • How to define and communicate the intended purpose of a digital mental health technology
    • When a digital mental health technology is considered a medical device under UK law.
    • How risk classification is determined, ensuring proportionate regulation for different types of technologies.

    For people using mental health apps, this means greater confidence in the tools they rely on.

    Rob Reid, Deputy Director of Innovative Devices at the MHRA, said:

    Effective and acceptably safe digital tools have huge potential to improve mental health support, making help more accessible than ever. This new guidance aims to support safe access to these important tools by clarifying when a product needs regulatory approval and the steps developers must take. Maintaining clear and proportionate regulatory standards will ensure that the public can trust these technologies and benefit from the safe, effective mental health support they can provide.

    The guidance is one of the outputs from a three-year Wellcome-funded project, launched in 2023, to explore the regulation of digital mental health products. Developed by the MHRA, with input from the National Institute for Health and Care Excellence (NICE), NHS experts, researchers, healthcare professionals, and people with lived experience, it aims to meet both clinical and real-world needs, to address the growing mental health crisis in the UK.

    Mark Chapman, Director of HealthTech at NICE, said:

    Providing more detailed guidance to the developers of digital mental health technologies helps us to ensure that technologies being considered for NICE assessments have received an appropriate level of regulatory scrutiny to assure their safety. There are many types of technologies available, and it is important people can understand how regulations apply to different products. This guidance will help inform our evaluations and ensure that NICE is able to publish useful, usable, and timely guidance that allows people with mental health conditions to access safe and effective innovations faster.

    Professor Miranda Wolpert, Director of Mental Health at Wellcome, which funded the project, said:

    With millions of people around the world held back by mental health problems, digital mental health therapies have huge potential to be scalable and accessible.

    It is not easy to navigate between over and under regulation in this area. In a fast-moving and continuously evolving digital space, these thoughtful guidelines appear well positioned to strike a pragmatic balance between making digital mental health technologies accessible to those with a range of mental health needs whilst also ensuring they are safe, effective and as transparent as possible.

    Manufacturers of digital mental health technologies should review the guidance to ensure compliance before bringing their products to market.

    The full guidance is available on the MHRA website: Digital mental health technology: qualification and classification

    Notes to editors

    1. Digital mental health technologies (DMHT) are software and digital products that support mental health and wellbeing. They can be websites, internet-based platforms or applications (apps) to be used with non-medical technology, such as computers, mobile phones, fitness wearables, and virtual reality (VR) headsets, or medical technology, such as transcranial direct current stimulation (tDCS) headsets. They can be available as direct-to-consumer products intended for patients and the public or used with a referral or supervision from healthcare or educational professionals, as part of the blended delivery of mental health care. Some DMHT qualify as medical devices and therefore need to be regulated as such to ensure effectiveness, reliability and acceptable safety. The new guidance provides clarity on three key areas. First, it explains how to define the intended purpose and functionality of a digital mental health technology (DMHT). Second, it sets out which types of DMHT qualify as Software as a Medical Device (SaMD) and therefore require regulation. Finally, it outlines how these technologies are classified based on risk, with Class I devices being low-risk and self-certified, while higher-risk devices (Class IIa, IIb, or III) require assessment by an Approved or Notified Body to obtain regulatory certification.

    2. The Medicines and Healthcare products Regulatory Agency (MHRA) is responsible for regulating all medicines and medical devices in the UK by ensuring they work and are acceptably safe. All our work is underpinned by robust and fact-based judgements to ensure that the benefits justify any risks.

    3. The MHRA is an executive agency of the Department of Health and Social Care.

    4. For media enquiries, please contact the newscentre@mhra.gov.uk, or call on 020 3080 7651. 

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Urbana Corporation Announces 2025 Winter Drilling Program

    Source: GlobeNewswire (MIL-OSI)

    /NOT FOR DISTRIBUTION TO U.S. WIRE SERVICES OR FOR DISSEMINATION IN THE U.S./

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Urbana Corporation (TSX & CSE: URB & URB.A)

    Urbana Corporation is pleased to announce that it plans to conduct a winter drilling program on its 100% owned “Urban Township Project” in the coming weeks (the “Winter Drilling Program”). The objectives are (a) determining if the gold mineralization recently found near the boundary of Urbana’s gold project continues onto Urbana’s ground, (b) extending historical gold discoveries on strike and at depth in three different areas, and (c) testing select geophysical and geological targets for mineralization.

    The Winter Drilling Program consists of up to 4,150 metres of drilling in the southern sector of Urbana’s claim group. The project is located near existing infrastructure, is accessible by road and is located between the nearby Windfall and Barry gold deposits, along the same geological feature.

    The areas surrounding Urbana’s mining property have seen radical changes in recent years with the consolidation of claims into a couple of major companies, the advancement of gold deposits by Osisko Mining Inc. and Bonterra Resources, and most recently the acquisition of Osisko Mining Inc. by Gold Fields Limited, a large gold producer based out of South Africa with properties surrounding Urbana’s centrally located property. Management is excited about the prospect of significant findings from the Winter Drilling Program.

    A review of additional data located in the northern sector of the project is underway. Data collected shows numerous gold prospects throughout the area which warrant a potential second drill program in late summer. PDF versions of the documents are available at www.urbanacorp.com and at www.sedarplus.ca.

    Qualified Persons
    Technical and scientific aspects of this news release have been reviewed, verified, and approved by Mathieu Stephens, P.Geo., the Qualified Person, as defined by National Instrument 43-101 Standards of Disclosure for Mineral Projects.

    For further information contact:
    Elizabeth Naumovski, Investor Relations
    (416) 595-9106   enaumovski@urbanacorp.com

    150 KING ST. WEST, SUITE 1702, TORONTO, ONTARIO M5H 1J9
    TEL: 416-595-9106   FAX: 416-862-2498   www.urbanacorp.com

    The MIL Network

  • MIL-OSI Economics: Students Graduate from Samsung Innovation Campus in Partnership with National University of Lesotho

    Source: Samsung

    A group of twenty-three (23) bright-eyed and talented students have graduated from the Samsung Innovation Campus (SIC), a partnership between Samsung Electronics and the National University of Lesotho (NUL).
     
    The award ceremony, held at NUL’s campus, marked the successful completion of an intensive training programme that seeks to equip young minds with cutting-edge skills in the Fourth Industrial Revolution (4IR). SIC is part of Samsung’s global initiative that aims to provide young people with the skills needed for the digital economy, focusing on areas like coding and programming (C&P) as well as artificial intelligence (AI). This NUL-SIC programme seeks to play a vital role in the development of critical skills needed by Lesotho’s economy with the ultimate aim of boosting youth employment.
     
    “Today marks the culmination of months of hard work, dedication and learning. The skills and knowledge we have gained through this programme have opened new career pathways for us and I am excited about the opportunities ahead,” said Reabetsoe Mapeshoane, a graduate of the programme. “I am grateful to Samsung and NUL for this incredible opportunity, which has truly transformed our academic and professional futures.”
     

     
    This partnership with NUL which aims to help Lesotho create more opportunities for growth, has managed to empower students to not only enhance their technical expertise, but also prepare for a future of innovation and leadership in the country’s technology industry.
     
    Prof. Issac Olusola Fajana, Vice Chancellor of the National University of Lesotho, emphasized the importance of such partnerships in shaping the future of Basotho youth. “The collaboration between Samsung and NUL is a milestone for our university and for Lesotho. By offering our students access to global industry innovators and technology-focused education, we are empowering them to become catalysts of change in the tech world. This partnership is a step towards ensuring that our graduates are prepared for a rapidly evolving digital economy.”
     
    The certificate award ceremony celebrated the graduates’ achievements with a special recognition of their hard work. And, as part of the programme – these students completed theory, practicals and capstone projects, equipping them with the tools necessary to thrive in today’s tech-driven world.
     
    “At Samsung, we believe in the power of education to change lives,” said Lefa Makgato, Corporate Social Responsibility Manager for Samsung Electronics in Southern Africa. “Our mission with the Samsung Innovation Campus is not just to teach technical skills, but to nurture the next generation of innovators. These graduates have shown remarkable passion and dedication – we are excited to see them apply their newfound knowledge in real-world settings. We are proud to have partnered with NUL to make this vision a reality.”
     

     
    The global electronics giant remains committed to empowering youth through education and innovation, with plans for further collaborations and initiatives aimed at fostering talent in Africa.

    MIL OSI Economics

  • MIL-OSI Russia: Lectures, business games and master classes: SPbGASU held Russian Science Day for students of Lyceum No. 126

    Translartion. Region: Russians Fedetion –

    Source: Saint Petersburg State University of Architecture and Civil Engineering – Saint Petersburg State University of Architecture and Civil Engineering – Business game “Interview”

    On January 31, SPbGASU held a large-scale event for students of grades 8–11 of St. Petersburg Lyceum No. 126. The students celebrated Russian Science Day at our university. They visited departments, museums, laboratories, the exhibition hall of the architectural faculty and the scientific and technical library, listened to lectures, took part in business games and master classes.

    On behalf of the university’s management and staff, Marina Malyutina, Vice-Rector for Youth Policy, welcomed the guests: “SPbGASU was founded in 1832 under Emperor Nicholas I as the School of Civil Engineers. Throughout our history, we have had different names, but the meaning has remained the same – our university has always been the center of engineering thought and construction science.”

    “Macaroni Builder”, “First-Year Grant” and other reasons to study at SPbGASU

    Alevtina Ragimova and Marina Malyutina

    Marina Viktorovna informed that more than 12 thousand students study at the university. Every year more than 2 thousand graduates leave its walls. All of them are at the cutting edge of new technologies and knowledge and are in demand by the industry: more than 70 percent of graduates find employment in their specialty.

    The university closely cooperates with industry partners – the largest developers of St. Petersburg, Leningrad Oblast and other regions. More than 500 teachers are involved in the educational process, 70 percent of whom have academic titles and degrees, many of whom are members of various state and public academies, including the Russian Academy of Architecture and Construction Sciences.

    You can study at SPbGASU throughout your life – full-time, part-time, part-time, improving your qualifications, undergoing retraining. Students have the opportunity to study in additional educational programs, master a second qualification. The university provides scope for research in more than 10 scientific areas. Scientists report the results of their scientific activities at conferences and symposiums.

    SPbGASU organizes intra-university and all-Russian TIM championships, participates in the International Engineering Championship CASE-IN, and holds the international competition “Macaroni Builder”. An active student life is in full swing here: the Student Leisure and Creativity Center “Kirpich”, the Center for Physical Culture and Sports operate, and student projects are supported. One of such projects is “Adapters”, within the framework of which senior students help first-year students for six months. Curators – teachers who help first-year students study, communicate, and solve everyday problems – also work with the first-year students.

    “Our university is especially proud of the SPbGASU personal scholarship, the so-called “First-Year Grant”. We support the guys who have shown themselves in school and in secondary vocational education – in public life, research, studies, and pay them an additional scholarship on a competitive basis. In general, we have 17 scholarships that our students can receive upon fulfilling certain requirements,” said Marina Malyutina.

    At the end of her speech, the vice-rector presented the lyceum with a book about the architects of St. Petersburg. Alevtina Ragimova, the director of Lyceum No. 126, in her response expressed confidence that many graduates will become students of SPbGASU.

    Students from the Kirpich Student Leisure and Creativity Center performed a concert program that drew thunderous applause. In addition, the winners of the Olympiads that the university holds for future applicants were awarded. Then the lyceum students were treated to a tour of the university and numerous events that immersed them in the world of science.

    What were university lectures about?

    Lecture by Ekaterina Voznyak “Architects of St. Petersburg and Architectural Education”

    Ekaterina Voznyak, Dean of the Faculty of Architecture, spoke about the architects of St. Petersburg and architectural education in her lecture. The Dean said that she does not encourage the audience to become architects, since an architect is a calling that either exists or does not. The students will be able to decide on this issue not now, but at the age of 18-19, however, according to the Dean, it is useful for everyone to know about the architecture and architects of St. Petersburg. Ekaterina Ryurikovna emphasized that in the Northern capital they love and know their architects, who, being different people, create an ensemble, build a single city. This is what distinguishes St. Petersburg architects.

    The lecture by Dmitry Ulrich, Dean of the Faculty of Environmental Engineering and Urban Management, was called “Excursion into the World of Science.” He spoke about the prerequisites for the development of science, the classification of sciences, and scientific discoveries that changed the world. Students learned about the role of chemistry, physics, and mathematics in construction, heat supply, land management, and their importance for engineering education.

    Galina Tokunova, Dean of the Faculty of Economics and Management, offered to look into the future of the construction industry. The speaker’s focus was on TIM design, 3D printing, the Internet of Things and smart sensors, robots and drones. The audience learned why artificial intelligence will not replace specialists in economics and management, what specialists in business informatics and economic security do, what is happening in the Laboratory of Digital Information Models in Construction at SPbGASU and much more.

    What was taught in the master classes

    You could feel like an artist at the master class “City Landscape”. Before it began, Konstantin Tarasov, senior teacher of the drawing department, explained that the children would first make an air space “on the wet”, and then introduce into it the silhouette of St. Petersburg – the Peter and Paul Fortress, the Kazan Cathedral. The lesson helped the lyceum students to reveal their creative abilities.

    The model workshop hosted a master class called “Architectural Fantasies”. The children were divided into five teams and created a model of a skyscraper. Olga Belousova, associate professor of the architectural design department, said: “As a starting point, the teams received handouts – photos, pictures, discussed the concept and began to assemble a fantasy model. Forty-five minutes later, the captains presented their work. In this case, they were required not only to write a short story about their skyscraper, but also to come up with a motto for it.”

    Due to the expansion of its activities, the organization calculated its personnel needs. The calculation showed that there were not enough workers in certain areas… This is how the business game “Interview” began, in which the participants learned to present themselves to the employer.

    The guys were divided into two groups: the HR department and job seekers. Olga Bochkareva, Deputy Dean for Academic Affairs of the Faculty of Economics and Management, Associate Professor of the Construction Management Department, and Marina Egorova, Deputy Dean for Educational Work, Senior Lecturer of the same department, suggested choosing professional skills that correspond to the professions: economic security specialist, marketer, construction economist, HR department employee. The HR department developed a list of interview questions. Job seekers prepared resumes and talked about themselves. As in real life, only the best got the job.

    At the master classes of the Faculty of Forensic Expertise and Law in Construction and Transport, it was possible to acquire practical skills of legal literacy in relations with unscrupulous employers, take psychological training “How to negotiate with any person”, learn about the criminal liability of minors and receive a lot of other useful information.

    The Automobile and Road Faculty prepared an interesting program. The students learned about the operation of vehicles and transport infrastructure in Arctic conditions, about digital twins of the roads of the future, and reverse engineering. The Automobile and Road Faculty is confident that today the road industry is developing at an incredible speed, and the task of teachers is to prepare specialists who will not only follow modern trends, but also create them.

    “Students of SPbGASU master advanced technologies, participate in research on the introduction of sustainable materials in road construction and the design of safe transport interchanges. SPbGASU is a leader in training personnel for the transport complex, actively cooperates with leading enterprises in the industry and provides students with the opportunity to undergo practical training at the largest construction and transport sites,” commented Andrey Zazykin, Dean of the ADF.

    “Our graduates are in demand – they are invited to work even at the training stage, because employers know that at SPbGASU they receive not only a theoretical base, but also valuable practical experience,” added Igor Chernyaev, head of the department of technical operation of vehicles.

    “SPbGASU is an interesting option”

    We asked ninth-grade students what they remember about Russian Science Day at SPbGASU and where they plan to study next.

    “We are still searching, but this is an interesting option. I will consider it. My father studied here,” shared Timur Bukhtiyarov.

    “I liked the business game the most. It was very fun, interesting, and exciting,” said Zlata Khudyakova.

    Galina Avdeeva, deputy director of Lyceum No. 126 for educational work, said that the Lyceum is very happy with such invitations – not only students, but also teachers learn a lot of new things here.

    The Admissions Committee, which organized the celebration for the lyceum students, thanks the university teachers for their participation, as well as students from the Kirpich Center for Social and Cultural Development, the student media center, and the SPbGASU Volunteer Club.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News

  • MIL-OSI: Solum Global Inc. Announces Blockchain-Based Electronic Health Wallet (EHW) Solution for U.S. Healthcare Industry

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, FL, Feb. 03, 2025 (GLOBE NEWSWIRE) — Solum Global Inc. (“Solum Global, Solum or the Company”) is a transparent digital network with a fully decentralized, permissionless blockchain protocol and stablecoin (sgUSD) for storing, trading, and transferring digital and real-world assets enabling immediate settlement between individuals, businesses, and governments, announced today its entrance into the U.S. healthcare industry with the anticipated second quarter 2025 release of its electronic health wallet, a blockchain-powered solution designed to streamline transactions, reduce fraud, and enhance data protection.  

    Solum Global is transforming U.S. healthcare by integrating artificial intelligence (AI), smart contracts, and its stablecoin (sgUSD) with a proprietary electronic health wallet (EHW). EHW is a blockchain-based web3 platform that streamlines revenue cycle management (RCM), replacing fragmented legacy web2 systems with a unified, secure, and automated solution. Leveraging blockchain’s key attributes—programmability, security, immutability, and smart contract billing—Solum enables instant payments through its EHW using sgUSD, a U.S. dollar-backed stablecoin. AI-driven analysis of historical medical records helps detect financial inefficiencies, including billing errors, waste, abuse, and fraud, while predicting and optimizing future medical expenditures for providers, hospitals, and insurers.

    “Healthcare professionals, hospitals, senior care providers, and insurance companies all recognize the inefficiencies in the U.S. healthcare system, but stakeholders underestimate their true scale. By exposing the full extent of these losses and providing a solution, Solum improves profitability for its clients and contributes to a more secure, efficient, and sustainable healthcare system, benefiting providers, patients, and payers,” stated Geary Stonesifer, CEO of Solum Global, Inc.

    The U.S. healthcare system is plagued by inefficiencies, rising costs, and security vulnerabilities, making innovation more critical than ever. In 2023, the amount spent within the U.S. healthcare industry was a staggering $4.9 trillion, which was $14,570 per person and 17.6% of the nation’s Gross Domestic Product (GDP), equivalent to one out of every six dollars spent on the U.S. economy. The Journal of Managed Care and Specialty Pharmacy reports an estimated $262 billion in claims are denied annually by payers in the United States. The National Health Care Anti-Fraud Association estimates the annual cost of healthcare accounts for an estimated 3% to 10% of all expenditures, or $147 – $490 billion annually. Data breaches among healthcare and medical insurance companies that expose sensitive personal information for millions of Americans occur routinely. The Department of Health and Human Services (HHS) Office for Civil Rights (OCR) published that 725 breaches compromised over 133 million records across healthcare and insurance companies. The Solum Global electronic health wallet addresses these challenges by providing a secure, blockchain-powered solution that streamlines transactions, reduces fraud, and enhances data protection. By providing individuals with greater control over their health information, Solum Global is setting a new standard for security and efficiency in healthcare.

    About Solum Global Inc.
    Solum Global is a transparent digital network with a fully decentralized, permissionless blockchain protocol for storing, trading, and transferring digital and real-world assets, enabling immediate settlement between individuals, businesses, and governments. Utilizing cutting-edge blockchain technology, Artificial Intelligence (AI), smart contracts, the Company’s stablecoin (sgUSD), and a proprietary electronic health wallet (EHW), Solum Global provides a seamless solution that addresses the significant challenges inherent in the U.S. healthcare industry. For more information, visit  www.solum.global.

    Forward-Looking Statements 
    Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws.  Words such as “may,” “might,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements.  These forward-looking statements are based upon current estimates and assumptions. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, including without limitation those set forth in the Company’s filings with the Securities and Exchange Commission. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements whether as a result of new information, future events or otherwise, except as required by law.

    Contacts:

    Investor Relations
    Hanover International
    ka@hanoverintlinc.com

    Media Contact
    media@solum.global

    The MIL Network

  • MIL-OSI: Sophos Completes Secureworks Acquisition

    Source: GlobeNewswire (MIL-OSI)

    OXFORD, United Kingdom and ATLANTA, Feb. 03, 2025 (GLOBE NEWSWIRE) — Sophos and Secureworks® (NASDAQ:SCWX), two global cybersecurity pioneers that have innovated and redefined services and technology solutions for defeating cyberattacks, today announced the completion of Sophos’ acquisition of Secureworks. The all-cash transaction values Secureworks at approximately $859 million. With the completion of the acquisition, Secureworks’ common stock has ceased trading on Nasdaq. Sophos is backed by Thoma Bravo, a leading software investment firm.

    With this acquisition, Sophos is now the leading pure-play cybersecurity provider of Managed Detection and Response (MDR) services, supporting more than 28,000 organizations of all sizes worldwide. The combination will enable Sophos to deliver an unparalleled security operations platform, featuring hundreds of built-in integrations for adaptive protection, detection and response for mitigating cyberattacks. The open and scalable platform helps organizations, especially those with diverse IT estates, safeguard current and future technology investments, providing greater operational efficiencies and return on cybersecurity spend. Sophos X-Ops is also expanding its threat intelligence and security services capabilities with the addition of the Secureworks Counter Threat Unit™ and security operations and advisory teams.

    As a channel-first cybersecurity provider, Sophos remains unwavering in its commitment to deliver cutting-edge security services and technologies that empower our global community of resellers, Managed Service Providers (MSPs) and Managed Security Services Providers (MSSPs). This includes expanding their reach, enhancing operational scalability and providing stronger defenses to the countless organizations that need the ability to effectively defend against today’s constant and complex cyberattacks.

    “The market is embracing MDR as a clear means to deliver positive cybersecurity outcomes, and this has meant rapid growth in the category,” said Joe Levy, CEO, Sophos. “Sophos is differentiated by our very mature competencies in ransomware detection, malware analysis and threat actor tradecraft. These defenses are further augmented by Sophos’ native artificial intelligence (AI), first innovated by our globally peer recognized AI team nearly a decade ago, and embedded in our MDR, endpoint, network, email, and cloud security to more effectively neutralize and stop threats. With the integration of Secureworks, our expanded services and product portfolio will provide even stronger end-to-end security solutions that will include identity threat detection and response (ITDR), next-gen SIEM and managed risk, all in a single open platform.

    “We will also be able to further advance our AI, threat intelligence and attack research through more diverse and deeper global telemetry that is analyst-tuned for the real-world. At every level, we are very excited about this next accelerated chapter for Sophos.”

    Available Now
    In the near term, Sophos and Secureworks are operating business as usual, working with our respective channel partners, MSPs and MSSPs worldwide to distribute our existing security services and technology. Both companies’ sales and customer experience groups will operate to support existing customers, assist with renewals and develop current and new business opportunities. Sophos protects more than 600,000 customers worldwide with its portfolio of MDR, endpoint, network, email, and cloud security solutions that integrate and adapt to provide real-time defense through the Sophos Central platform.

    Transaction Details
    Under the terms of the agreement, Sophos acquired Secureworks in an all-cash transaction valued at approximately $859 million. Secureworks shareholders, including Dell Technologies (NYSE:DELL), will receive $8.50 per share in cash. This represents a 28% premium to the unaffected 90-day volume-weighted average price (VWAP).

    Kirkland & Ellis LLP acted as legal counsel to Sophos, Goldman Sachs & Co. LLC., Barclays, BofA Securities, HSBC Securities (USA) Inc., and UBS Investment Bank acted as financial advisors and provided debt financing for the transaction. Piper Sandler & Company and Morgan Stanley & Co. LLC acted as financial advisors to Secureworks, and Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel.

    About Sophos
    Sophos is a global leader and innovator of advanced security solutions for defeating cyberattacks. The company acquired Secureworks in February 2025, bringing together two pioneers that have redefined the cybersecurity industry with their innovative, native AI-optimized services, technologies and products. Sophos is now the largest pure-play Managed Detection and Response (MDR) provider, supporting more than 28,000 organizations. In addition to MDR and other services, Sophos’ complete portfolio includes industry-leading endpoint, network, email, and cloud security that interoperate and adapt to defend through the Sophos Central platform. Secureworks provides the innovative, market-leading Taegis XDR/MDR, identity threat detection and response (ITDR), next-gen SIEM capabilities, managed risk, and a comprehensive set of advisory services. Sophos sells all these solutions through reseller partners, Managed Service Providers (MSPs) and Managed Security Service Providers (MSSPs) worldwide, defending more than 600,000 organizations worldwide from phishing, ransomware, data theft, other every day and state-sponsored cybercrimes. The solutions are powered by historical and real-time threat intelligence from Sophos X-Ops and the newly added Counter Threat Unit (CTU). Sophos is headquartered in Oxford, U.K. More information is available at www.sophos.com

    Cautionary Statement Regarding Forward-Looking Statements
    This communication includes certain disclosures which contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including but not limited to certain statements related to the merger of the wholly-owned subsidiary of Sophos, Inc., a Massachusetts corporation (“Parent”) with and into Secureworks Corp. (the “Company”), with the Company continuing as the surviving corporation and a wholly-owned subsidiary of Parent (the “Merger”). In most cases, you can identify these statements by forward-looking words such as “anticipate,” “believe,” “confidence,” “could,” “estimate,” “expect,” “guidance,” “intend,” “may,” “plan,” “potential,” “outlook,” “should,” and “would,” or similar words or expressions that refer to future events or outcomes. These forward-looking statements, including certain statements regarding the Merger and its effects, are based largely on information currently available to our management and our management’s current expectations and assumptions and are subject to various risks and uncertainties that could cause actual results to differ materially from historical results or those expressed or implied by such forward-looking statements. Although we believe our expectations are based on reasonable estimates and assumptions, they are not guarantees of performance. There is no assurance that our expectations will occur or that our estimates or assumptions will be correct, and we caution investors and all others not to place undue reliance on such forward-looking statements. Important factors, risks and uncertainties that could cause actual results to differ materially from such plans, estimates or expectations include but are not limited to: (i) potential adverse reactions or changes to business relationships resulting from the completion of the Merger; (ii) legislative, regulatory and economic developments; (iii) unpredictability and severity of catastrophic events, including but not limited to acts of terrorism, outbreaks of war or hostilities or the COVID-19 pandemic and other public health issues, as well as management’s response to any of the aforementioned factors; (iv) the impact of inflation, rising interest rates, and global conflicts, including disruptions in European economies as a result of the Ukrainian/Russian conflict and the ongoing conflicts in the Middle East, the relationship between China and Taiwan and ongoing trade disputes between the United States and China; (v) there may be liabilities that are not known, probable or estimable at this time or unexpected costs, charges or expenses; (vi) those risks and uncertainties set forth under the headings “Cautionary Note Regarding Forward Looking Statements” and “Risk Factors” in the Company’s most recent Annual Report on Form 10-K, as such risk factors may be amended, supplemented or superseded from time to time by other reports filed by the Company with the Securities and Exchange Commission (the “SEC”) from time to time, which are available via the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other forward-looking statements. The forward-looking statements relate only to events as of the date on which the statements are made. Neither Parent nor the Company undertakes to update, and expressly disclaim any obligation to update, any forward-looking statements, whether resulting from circumstances or events that arise after the date the statements are made, new information, or otherwise. If one or more of these or other risks or uncertainties materialize, or if the underlying assumptions prove to be incorrect, actual results may vary materially from what we may have expressed or implied by these forward-looking statements. Furthermore, new risks and uncertainties arise from time to time, and it is impossible for us to predict those events or how they may affect Parent or the Company.

    Media Contacts
    Kelly Kane, Director of Public Relations, Americas: Kelly.Kane@sophos.com 
    Samantha Powers, VP of Public Relations: Sophos@walkersands.com 

    The MIL Network

  • MIL-OSI NGOs: Freezing US foreign aid will result in humanitarian disaster News Feb 02, 2025

    Source: Doctors Without Borders –

    We are talking about countless refugees and other displaced persons, children threatened by malaria, and people who need HIV and tuberculosis treatment, whose care risks being stopped. Already we are hearing from local organizations who have closed their doors and are unsure when or if they will be able to reopen.

    The latest reports follow two weeks of partners trying to grapple with sweeping changes that imperil the delivery of humanitarian and health assistance to those who need it most around the world. The existing humanitarian waiver is insufficient and needs to be expanded to cover all necessary health and humanitarian programs. 

    We urge the US government to immediately resume funding of critical humanitarian and health aid, either through rescinding relevant orders freezing funding or expanding the current narrow humanitarian waiver to cover all necessary health and humanitarian programs.

    The broad halt in foreign assistance, coupled with limitations to and a lack of clarity around humanitarian waivers, has already resulted in the loss of lifesaving medical humanitarian aid and harmful impacts on patient communities. In the last week, MSF’s medical teams have witnessed confusion as clinics and other critical services previously supported by USAID were shut down without warning.

    MSF does not accept US government funding and our programs will not be directly affected. However, the massive role that the United States government plays in funding international aid cannot be rapidly filled by others.

    We urge the US government to halt the ad hoc waiver system and allow for all critical humanitarian and medical assistance to continue as the administration reviews its foreign assistance priorities.

    MIL OSI NGO

  • MIL-OSI Security: Deputy Commandant for Aviation Unveils 2025 Aviation Plan, Reinforcing Future Readiness and Technological Integration

    Source: United States Marines

    Headquarters Marine Corps Aviation released the 2025 Marine Corps Aviation Plan, outlining a strategic framework that balances responding to today’s crises with modernizing Marine Aviation to ensure the Corps is prepared for tomorrow’s fight. The plan focuses on key areas of transformation, including technological advancements, expeditionary mobility, sustainment, and total force integration. This plan is a roadmap to enhancing operational readiness and ensuring Marine Aviation remains a lethal force in support of the Marine Air-Ground Task Force (MAGTF) throughout the spectrum from competition to conflict.

    The Aviation Plan introduces Project Eagle, a modernization strategy that prioritizes Distributed Aviation Operations (DAO) and Decision-Centric Aviation Operations (DCAO) to maintain operational effectiveness in contested environments. By fully embracing cutting-edge technologies such as AI-driven decision-making software, autonomous systems, advanced digital command and control capabilities, unmanned systems, and manned-unmanned teaming, the Marine Corps will be better positioned to operate in increasingly complex and dynamic theaters of operation.

    “We are committed to shaping a future aviation force that is ready, resilient, and capable of rapidly responding to emerging threats, wherever they may arise,” said Col. Derek Brannon, Branch Head for the Cunningham Group, Headquarters Marine Corps Aviation. “Project Eagle builds on the progress we’ve made, and it prepares us to embrace technological innovation while ensuring we can deliver combat power across all domains.”

    The 2025 plan underscores additional key priorities, including:

    • Aviation Readiness:  Ensuring Marine Aviation remains poised to respond to any crisis at a moment’s notice, with the readiness to deploy rapidly and provide immediate support when the nation calls.

    • Enhanced Expeditionary Mobility: Strengthening the Marine Corps’ ability to operate from austere, distributed locations through the modernization of platforms like the MV-22B Osprey, CH-53K King Stallion, and KC-130J Hercules, ensuring agile mobility and support for maritime and littoral operations.

    • Modernizing Aviation Logistics: Modernizing sustainment practices to ensure readiness in contested environments through the creation of Maintenance Operations Centers, streamlined supply chain reforms, and enhanced aviation logistics packages. These innovations will better support DAO and MAGTF operations while improving sustainment across the force.

    • Marine Air Command and Control System (MACCS) Modernization: Transforming air command and control capabilities with advanced technologies like the TPS-80 radar and Ground-Based Air Defense Systems. The integration of regional air defense concepts will support Expeditionary Advance Base Operations (EABO) and enhance digital interoperability for joint and coalition operations.

    • Total Force Integration: Strengthening collaboration between active-duty and reserve forces, particularly through the integration of the 4th Marine Aircraft Wing, to enhance operational flexibility, sustainment, and warfighting readiness across the total force.

    These advancements solidify Marine Aviation’s role as an indispensable force within the MAGTF, ensuring it remains agile, lethal, and fully integrated with the Joint Force, partners, and allies.

    “Through continued modernization and an unwavering commitment to current readiness, Marine Aviation is prepared to support the MAGTF through competition to conflict,” said Lt. Gen. Bradford Gering, Deputy Commandant for Aviation. “The 2025 Aviation Plan demonstrates our resolute dedication to maintaining operational superiority and ensuring we are always ready to project force, wherever and whenever needed.”

    As Marine Aviation transitions into a new era, the 2025 Aviation Plan is a bold declaration of the Corps’ commitment to innovation, operational excellence, and unmatched warfighting capability.

    To learn more about the 2025 Marine Corps Aviation Plan: https://www.aviation.marines.mil/

    MIL Security OSI

  • MIL-OSI: Color Star VP Attended The 2025 Davos World Economic Forum

    Source: GlobeNewswire (MIL-OSI)

    New York , Feb. 03, 2025 (GLOBE NEWSWIRE) — During the 2025 Davos World Economic Forum (WEF), artificial intelligence (AI), financial investments, and social ventures have emerged as central topics of conversation among global business and technology leaders. Ren Pelosi, Vice President of Color Technology was invited to participate in a series of discussions at Davos. In a special interview on ESG TV, Ren shared her career transformation journey—from a Wall Street trader to a social impact investor and tech innovator—while delving into high tech and AI’s potential to drive economic growth and societal change. She also explored how investors can seize opportunities presented by technological advancements.

    In her interview on ESG TV, Ren discussed how her financial expertise has enabled her to integrate technological innovation and social impact into investment strategies, creating long-term value. She remarked, “I have always believed in the power of capital, but today’s investments are not just about financial returns; they’re about driving technological progress, sustainability, and social change. AI is reshaping industries, and we stand at the forefront of this revolution.” As a seasoned investor and entrepreneur, Ren has long focused on how technology can drive social change. With extensive experience in Wall Street financial trading and investing, she is also committed to combining social ventures and tech innovation. She has organized and led multiple social impact investing forums, helping emerging tech companies balance sustainability and commercial success. “Technology and capital are reshaping our society. Cutting-edge technologies like AI and blockchain are not only transforming businesses but also making social impact investing possible. Investors need a deeper foresight to capitalize on this wave of technological change.”

    As an investor with a deep financial market background, Ren pointed out that traditional investment logic is being upended, with more capital flowing toward ESG-friendly enterprises. The rise of AI and digital tools has provided new opportunities for impact investing. In the discussion, Ren highlighted her involvement with Color Technology,. Initially focused on traditional offline entertainment, Color successfully completed a transformation during the pandemic, expanding into online entertainment. Now, with the rapid rise of AI, Color Star aims to drive industry change through AI-powered entertainment innovations, creating more personalized and immersive experiences for audiences. In Ren’s view, Color Star represents a new business model—using AI technology to enhance content production efficiency, optimize user experiences, and create a more interactive and immersive entertainment ecosystem.

    “The entertainment industry is evolving at an unprecedented pace,” Ren stated in the interview. “AI is not just improving content production efficiency; more importantly, it’s redefining how audiences interact, enhancing personalized recommendations and immersive experiences. Companies like Color are at the forefront of this transformation, using AI to build the next-generation entertainment ecosystem.”

    Color’s current AI explorations include:

    • Smart Content Creation: AI enables the production of creative content such as music, scripts, and videos, increasing efficiency for creators.
    • Personalized Recommendation Algorithms: AI analyzes user preferences to deliver precise content suggestions.
    • Immersive Entertainment Experiences: Integrating VR/AR and AI to create more interactive future entertainment models.

    Ren is also actively involved in the Social Ventures sector and promotes global impact investing. She emphasized that AI is not only empowering companies like Color but also upgrading the entire investment ecosystem. In several discussions during Davos, Ren repeatedly stressed the need for investors to focus on the long-term societal and corporate impacts of technology, rather than just short-term returns. The companies that balance innovation, profitability, and social responsibility will be the true winners. She has long advocated for capital to support sustainable development, technological innovation, and socially responsible enterprises, and has organized industry forums to help high-potential companies secure investments and resources. “The future market will be dominated by businesses that create both commercial value and social impact. Whether it’s AI in entertainment or blockchain in financial services, we must view the impact of technology from a long-term perspective.”

    As the 2025 Davos Forum draws to a close, Ren’s core message is becoming ever clearer: The future belongs to those who dare to innovate and embrace AI, driving technological advancements and social impact investing. She calls on investors, entrepreneurs, and related players to embrace technological innovation, deeply explore the potential of AI, and ensure that technological progress aligns with ethics and sustainability.

    With her expertise in finance, investment, and technology, Ren is part of the global discussions on the AI revolution, digital innovation, and the future of the entertainment industry.

    Color Deepens AI Empowerment, Shaping the New Era of Entertainment

    As AI technology evolves, Color Star will continue to deepen its application of AI in content production, user experience optimization, and entertainment interaction, ensuring the company maintains its leadership in the global entertainment industry.

    “We are at a critical time in reshaping the entertainment industry,” Ren said. “Color Star will continue to invest in AI and technological innovation, exploring how to use artificial intelligence to create more personalized, immersive, and global entertainment experiences.”

    About Color Star Technology Co., Ltd.

    Color Star Technology Co., Ltd. (Nasdaq: ADD) is an entertainment and education company that provides online entertainment performances and online music education services. Its business operations are conducted through its wholly-owned subsidiaries, Color Metaverse Pte. Ltd. and CACM Group NY, Inc. More information about the Company can be found at www.colorstarinternational.com and www.colorstar.investorroom.com.

    Forward-Looking Statement

    This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantee of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; changes in technology; economic conditions; the growth of the educational and training services market internationally where ADD conducts its business; reputation and brand; the impact of competition and pricing; government regulations; as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission by Color Star. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof unless required by applicable laws, regulations or rules.

    For more information, please contact:
    Color Star Investor Relations
    Office Number No. 1003, 9th Floor,
    7 World Trade Center, Suite 4621        
    New York NY 10007
    Office: (212) 410-5186
    Email ir@colorstarinternational.com

    The MIL Network

  • MIL-OSI: Lendmark Financial Services Expands Kentucky Presence with Henderson Branch, Marking its Third Branch Opening for 2025

    Source: GlobeNewswire (MIL-OSI)

    HENDERSON, Ky., Feb. 03, 2025 (GLOBE NEWSWIRE) — Lendmark Financial Services (Lendmark), a leading provider of household credit and consumer loan solutions, continues to expand its Kentucky footprint, opening a new branch in Henderson and its 23rd in the state.

    The branch is located at 1111 Barrett Blvd, Suite D and is expected to serve hundreds of customers in its first year. Kelly Franey, who serves as the branch manager, will be responsible for the administration of all daily operations. These include building personal relationships with customers and integrating into the community to ensure area residents receive a superior level of individualized loan services that meet their unique financial needs.

    “As we grow our footprint in Kentucky, we will continue to focus on delivering the tailored loan solutions our customers need to meet planned and unplanned life events,” said Michael R. McIntire, Vice President of Branch Operations at Lendmark. “Our Kentucky branch openings and overall branch growth demonstrate an ongoing need for diverse household financial options for consumers here and throughout the country.”

    In addition to serving consumers directly, Lendmark provides financing solutions for thousands of retailers and independent auto dealerships, allowing these businesses’ customers to obtain Lendmark financing. Local businesses that are interested in partnering with Lendmark to provide financing solutions for their customers should visit the branch or call 270-212-5700.

    Lendmark’s ‘Climb to Cure’ is its signature cause-related initiative. The company has committed to raising $10 million by 2025 to mark its 10-year anniversary partnering with CURE Childhood Cancer. So far, Lendmark’s employees, partners and customers have raised $8.83 million to support CURE, an Atlanta-based nonprofit dedicated to funding targeted pediatric cancer research that is utilized nationwide.

    Lendmark customers can participate by donating $1 when closing their loan. Lendmark matches the donation.

    About Lendmark Financial Services
    Lendmark Financial Services (Lendmark) provides personal and household credit and loan solutions to consumers. Founded in 1996, Lendmark strives to be the lender, employer, and partner of choice by protecting household wealth, offering stability and helping consumers meet both planned and unplanned life events through affordable loan offerings. Today, Lendmark operates more than 515 branches in 22 states across the country, providing personalized services to customers and retail business partners with every transaction. Lendmark is headquartered in Lawrenceville, Ga. For more information, visit www.lendmarkfinancial.com.

    Media Contact
    Jeff Hamilton
    Senior Manager, Corporate Communications
    jhamilton@lendmarkfinancial.com
    678-625-3128

    The MIL Network

  • MIL-OSI: Latest CarGurus Brand Campaign Celebrates Life’s Big Deal Moments, Like Buying or Selling a Car

    Source: GlobeNewswire (MIL-OSI)

    The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal

    BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited site for shopping, buying, and selling new and used cars1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people’s lives and the significance of making the right decision during a purchase or sale. The new spots empathize with the big decisions drivers make along the buy/sell journey to reach their ideal outcome, underscoring CarGurus’ role in helping consumers find the best deal on their big deal.

    “CarGurus has joined drivers along this important journey for nearly two decades, developing the best tools and information to help consumers feel confident in their decisions as a growing share prefer to do more online before going to the dealership,” noted Dafna Sarnoff, CarGurus Chief Marketing Officer. “As a result, CarGurus has earned the trust of tens of millions of monthly users who turn to our site to make sure they find the best deal for their needs.”

    CarGurus is the No. 1 most visited car-shopping site1, connecting buyers to the best deals by providing complete vehicle history and unbiased deal ratings on the largest selection of new and used vehicles in the U.S.2 Added tools like price drop alerts and the ability to finance in advance enable confident decision-making in one of the biggest purchases of a person’s life. The platform also supports sellers with car pricing tools and the ability to instantly receive multiple offers to sell their car either completely online or through a local dealer in select markets, empowering them to choose the best deal.

    “Although CarGurus makes the process easy with all the tools and information you need to get the best deal, we don’t want to lessen the gravity of the purchase and its significant impact on people’s lives. Buying or selling a car is a huge decision, an emotional experience that we wanted to reflect in this campaign,” said Carter Collins, Partner and Managing Director of Bindery. “Beyond the excitement of working with the No. 1 most visited car shopping site1, partnering with the CarGurus team has been one of our most rewarding and close-knit experiences to date.”

    The “Big Deal” campaign will run across TV networks and connected TV providers. The spots will be supplemented with digital and social executions, including influencer programs throughout the year. View the full campaign video library here: https://cargur.us/19jlLY.

    Creative Credits:

    CarGurus

    • Dafna Sarnoff, Chief Marketing Officer
    • Evan Jones, Creative Director
    • Allison Conroy, Brand Marketing Director
    • Carli Riibner, Sr Brand Marketing Specialist
    • Maggie Meluzio, Director of Public Relations

    Creative and Production – Bindery

    • Carter Collins, Partner, Managing Director
    • Kim Devall, Executive Creative Director
    • Laura Hockstad, Producer
    • Chris Hilk, Editor

    Production – Ruffian

    • Bubble & Squeak, Director
    • Robert Herman, Founder, EP
    • Leslie Vaughn, Line Producer
    • Paul Meyers, Director of Photography
    • Craig Pinckes, 1st Assistant Director

    Production Services – Habitant

    • Arturo Arroyo, Managing Director
    • Montserrat Becerril, Chief of Staff
    • Elizabeth Tapia, Head of Production
    • Ivan Perez, Executive Producer
    • Andrea Fumero, Line Producer
    • Rodrigo Sánchez, Production Manager

    Color + VFX – Trafik

    • Daniel de Vue, Senior Colorist
    • Ali Soofi, Assistant Colorist
    • Geoff Linville, Color Producer
    • Greer Bratschie, Head of Production
    • Karena Ajamian, Executive Producer
Ciaran Birks, VFX Producer
    • Jaime Aguirre, Flame Lead
    • Ben Fall, Flame Assist

    Animation and Text Graphics – Buff Motion

    Sound – Antfood

    • Wilson Brown, Partner, Executive Creative Director
    • Sue Lee, Executive Producer
    • Joshua Heath, Creative Lead
    • Dalton Harts, Composer, Mix Engineer
    • Linton Smith, Mix Engineer
    • Trevor Haimes, Senior Producer
    • Charlie Blasberg, Music Supervisor
    • Katie Hansen, Production Coordinator

    About CarGurus, Inc.

    CarGurus (Nasdaq: CARG) is a multinational, online automotive platform for buying and selling vehicles that is building upon its industry-leading listings marketplace with both digital retail solutions and the CarOffer online wholesale platform. The CarGurus platform gives consumers the confidence to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, effectively market, instantly acquire, and quickly sell vehicles, all with a nationwide reach. The company uses proprietary technology, search algorithms and data analytics to bring trust, transparency, and competitive pricing to the automotive shopping experience. CarGurus is the most visited automotive shopping site in the U.S.1

    CarGurus also operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. In the United States and the United Kingdom, CarGurus also operates the Autolist and PistonHeads online marketplaces, respectively, as independent brands.

    To learn more about CarGurus, visit www.cargurus.com, and for more information about CarOffer, visit www.caroffer.com.

    CarGurus® is a registered trademark of CarGurus, Inc., and CarOffer® is a registered trademark of CarOffer, LLC. All other product names, trademarks and registered trademarks are the property of their respective owners.

    ¹ Similarweb: Traffic Report [Cars.com, Autotrader, TrueCar, CARFAX Listings (defined as CARFAX Total visits minus Vehicle History Reports traffic)], Q3 2024, U.S.
    ² Compared to Autotrader.com, Cars.com, TrueCar.com (YipitData as of September 30, 2024), and CarFax (Joreca as of September 30, 2024)

    Media Contact:
    Maggie Meluzio
    Director, Public Relations & External Communications
    pr@cargurus.com

    Investor Contact:
    Kirndeep Singh
    Vice President, Investor Relations
    investors@cargurus.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f1267674-ed08-44a3-a107-cde3ff19ccdb

    The MIL Network

  • MIL-OSI: Bill McLaughlin Named Thrive’s New CEO

    Source: GlobeNewswire (MIL-OSI)

    BOSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — Thrive, a global technology outsourcing provider for cybersecurity, Cloud, and traditional managed service provider (MSP) services, today announced the long-planned leadership transition elevating Bill McLaughlin into the CEO role, effective immediately. McLaughlin succeeds Rob Stephenson, who has led Thrive for nearly a decade. Under Stephenson, Thrive has attained industry prominence, earned a reputation for excellence, and delivered a compounded annual growth rate above 30%. Stephenson will remain onboard as a member of Thrive’s leadership team, particularly focused on supporting McLaughlin and driving the company’s M&A strategy.

    “Bill came to Thrive over three and a half years ago with the plan to be my successor,” said Stephenson. “He has been running day-to-day sales and operations, is one of the most highly respected executives in our industry, and is responsible for much of Thrive’s success. It’s been a pleasure of a lifetime leading this company and there is nobody I would feel more confident in succeeding me than Bill McLaughlin. Under his leadership, Thrive will continue to set the pace for MSP and MSSP innovation and achievement.”

    With more than 20 years of experience in the managed services industry, McLaughlin brings deep knowledge and understanding of IT, customer success, and go-to-market strategy. Prior to joining Thrive as President in 2021, McLaughlin held senior leadership positions at companies like Kaseya, Atlantic Tomorrow’s Office, and NER Data Products, where he oversaw customer success, sales initiatives, and M&A activity.

    Throughout his time at Thrive, McLaughlin has partnered with leading organizations to ensure their digital transformations are secure, cost-effective, and future-ready. As President, he played a pivotal role in growing Thrive through acquisition – including the purchase of 11 companies over the past two years. Through its growth, Thrive has expanded the breadth and quality of its services, as well as its geographical footprint. The organization now has over 1,400 team members across the U.S., UK, Canada, and APAC regions.

    In January, the company received a strategic investment from Berkshire Partners and Court Square Capital Partners, supporting growth and continued opportunity in the outsourced IT space. As CEO, McLaughlin will continue to invest in Thrive’s team and capabilities as they serve their customers with excellence.

    “Thrive is redefining what it means to be a next-generation service provider – in terms of the solutions we deliver, the markets we serve, the problems we solve, and the way we take care of and upskill our people,” said McLaughlin. “While this is an exciting new chapter, our mission and vision remain the same: we’re going to keep delivering exceptional service and solutions to our customers, solving some of their most critical business problems – and we’re going to do it as a team.”

    To learn more about open positions at Thrive, visit the careers page.

    About Thrive

    Thrive delivers global technology outsourcing for cybersecurity, Cloud, networking, and other complex IT requirements. Thrive’s NextGen platform enables customers to increase business efficiencies through standardization, scalability, and automation, delivering oversized technology returns on investment (ROI). They accomplish this with advisory services, vCISO, vCIO, consulting, project implementation, solution architects, and a best-in-class subscription-based technology platform. Thrive delivers exceptional high-touch service through its POD approach of subject matter experts and global 24x7x365 SOC, NOC, and centralized services teams. Learn more at www.thrivenextgen.com or follow us on LinkedIn.  

    Thrive Contact:  
    Amanda Maguire  
    thrive@v2comms.com   

    The MIL Network

  • MIL-OSI: Banzai Completes Acquisition of Vidello, Growing TTM Revenue 59% and Adding $2M in EBITDA

    Source: GlobeNewswire (MIL-OSI)

    Expands Portfolio with Next-Generation Video Creation, Editing, and Marketing Suite

    SEATTLE, Feb. 03, 2025 (GLOBE NEWSWIRE) — Banzai International, Inc. (NASDAQ: BNZI) (“Banzai” or the “Company”), a leading marketing technology company that provides essential marketing and sales solutions, today announced that it has successfully closed its previously announced acquisition of Vidello, a technology provider of video hosting and marketing suite solutions for businesses.

    The acquisition is expected to increase Banzai’s revenue by $6.5 million and increase EBITDA by $2 million for the twelve-month period ended December 31, 2024, on a pro-forma basis. Vidello financials are preliminary and unaudited and subject to adjustment.

    Based in London, Vidello offers a comprehensive video hosting and marketing suite that provides entrepreneurs, startups, agencies, and online businesses with tools to grow their businesses.

    Vidello’s key offerings include:

    • CreateStudio: An award-winning video creation app that allows users to easily produce eye-catching 3D character video content for social media and websites.
    • PhotoVibrance: A tool that transforms static images into moving motion pictures to capture attention.
    • Twinkle: An all-in-one audio platform for creators and agencies, featuring premium royalty-free music tailored for video projects.
    • Vidello: A 3-in-1 video hosting, player, and collaboration tool that allows users to showcase videos with a customizable, lightning-fast player. Features include a collaboration portal and in-play marketing calls-to-action for lead generation and sales optimization.

    Vidello has over 90,000 customers, and their flagship CreateStudio product has been named a Top 3 Best Rated product in the video maker category by Capterra1, and a High Performer by G22.

    Banzai’s vision is to build a comprehensive suite of AI-powered marketing tools that make marketers’ lives faster and easier. The Vidello acquisition is pivotal in accelerating revenue growth by delivering innovative solutions to our customers.

    Transaction Details

    Under the terms of the agreement, Banzai will issue approximately $2.7M in cash ($2.5M is held back for varying time periods and for indemnification, transition and revenue earnout purposes) and 868,204 shares of Banzai Class A Common Stock. Additional details regarding the acquisition are included in the Company’s Form 8-K filed with the Securities and Exchange Commission on December 20, 2024, and January 31, 2025.

    About Vidello

    Vidello is a video hosting and marketing suite which provides online businesses with the essential marketing and hosting tools to assist in growing business through video. To learn more about the company visit www.vidello.com.

    About Banzai

    Banzai is a marketing technology company that provides AI-enabled marketing and sales solutions for businesses of all sizes. On a mission to help their customers grow, Banzai enables companies of all sizes to target, engage, and measure both new and existing customers more effectively. Banzai customers include Cisco, New York Life, Hewlett Packard Enterprise, Thermo Fisher Scientific, Thinkific, Doodle and ActiveCampaign, among thousands of others. Learn more at www.banzai.io. For investors, please visit https://ir.banzai.io.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements often use words such as “believe,” “may,” “will,” “estimate,” “target,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “propose,” “plan,” “project,” “forecast,” “predict,” “potential,” “seek,” “future,” “outlook,” and similar variations and expressions. Forward-looking statements are those that do not relate strictly to historical or current facts. Examples of forward-looking statements may include, among others, statements regarding Banzai International, Inc.’s (the “Company’s”): future financial, business and operating performance and goals; annualized recurring revenue and customer retention; ongoing, future or ability to maintain or improve its financial position, cash flows, and liquidity and its expected financial needs; potential financing and ability to obtain financing; acquisition strategy and proposed acquisitions and, if completed, their potential success and financial contributions; strategy and strategic goals, including being able to capitalize on opportunities; expectations relating to the Company’s industry, outlook and market trends; total addressable market and serviceable addressable market and related projections; plans, strategies and expectations for retaining existing or acquiring new customers, increasing revenue and executing growth initiatives; and product areas of focus and additional products that may be sold in the future. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Forward-looking statements are not guarantees of future performance, and our actual results of operations, financial condition and liquidity and development of the industry in which the Company operates may differ materially from those made in or suggested by the forward-looking statements. Therefore, investors should not rely on any of these forward-looking statements. Factors that may cause actual results to differ materially include changes in the markets in which the Company operates, customer demand, the financial markets, economic, business and regulatory and other factors, such as the Company’s ability to execute on its strategy. More detailed information about risk factors can be found in the Company’s Annual Report on Form 10-K and the Company’s Quarterly Reports on Form 10-Q under the heading “Risk Factors,” and in other reports filed by the Company, including reports on Form 8-K. The Company does not undertake any duty to update forward-looking statements after the date of this press release.

    Investor Relations
    Chris Tyson
    Executive Vice President
    MZ Group – MZ North America
    949-491-8235
    BNZI@mzgroup.us
    www.mzgroup.us

    Media
    Rachel Meyrowitz
    Director, Demand Generation, Banzai
    media@banzai.io

    1 Source: https://www.capterra.com/p/203897/Create-Studio/
    2 Source: https://www.g2.com/products/create-studio/reviews

    The MIL Network

  • MIL-OSI United Kingdom: Key takeaways from the Cityforum 2025 Digital Policing Summit

    Source: United Kingdom – Government Statements

    Exploring challenges and opportunities in innovation for delivering safer streets.

    In recent months, the Accelerated Capability Environment (ACE) worked closely with Cityforum to help organise its latest event, the 2025 Digital Policing Summit. Held at BT HQ in London on January 22, the event brought together policymakers, police leaders, government representatives, industry experts and academics.

    Following the recent death of Cityforum founder Marc Lee, this was a poignant event that continued his vision of providing a platform for open discussions and collaborative problem-solving on some of the most pressing challenges facing policing today. From tackling complex societal issues to the challenge and opportunity of artificial intelligence (AI), the conversations were thought provoking and mission driven.   

    Annette Southgate, Head of ACE, joined a panel on sustainable implementation: from research to scalable delivery and mission impact at local, regional, and national levels, while Andy Loukes took to the stage with Stan Gilmour from ACE’s Vivace Community to share our learnings from the work that we have already done on the Safer Streets mission.

    Andy’s presentation featured a compelling case study from ACE’s toolbox, which was well received by attendees.  

    Here are our four key takeaways from the event for delivering the Safer Streets mission: 

    1. Local innovation is crucial 

    One of the strongest themes was the importance of local innovation with speakers emphasising that relying on national solutions often slows progress. Local forces are driving change by quickly adopting new technologies and tailoring them to meet their needs, but this too causes challenges as localised technology procurement is neither sustainable nor secure by design.

    ACE’s case study shared the need to encourage local innovation, start small and then scale fast, applying innovation to forces across the country.  

    There was much discussion of how the new National Centre of Policing will support and scale up this local innovation while allowing police forces to continue to deliver their local priorities – and a recurring theme was that: 

    “Operational independence is not the same thing as organisational independence” 

    2. Scalability: aligning the enablers 

    The challenge of how to embed systemic learning and scale capabilities from local successes into broader practice remains. Scaling solutions is a persistent challenge, not because innovation itself lacks scalability, but because the enablers – funding, infrastructure, standards, and decision-making structures – are often disconnected and siloed. 

    One speaker summarised the issue well: 

    “The safer streets challenge is how to get enablers at the strategic level coordinated, acting at speed, and with the right level of bureaucracy.” 

    And we should be better at sharing our knowledge of success. It’s often unclear who is innovating, where, and how effective those efforts are. Some forces adopt new technologies quickly and lead the way, but others lag behind, often due to limited visibility into what works. A common question raised was: 

    “If we know something works, why aren’t we telling everyone about it?” 

    Clearer knowledge-sharing mechanisms and centralised platforms are essential to track progress, evaluate outcomes,  maximise the impact of innovation, and allow for the coordination of investment in common enablers.  

    Greater collaboration and accountability structures can address this critical bottleneck – from a shared lexicon to standards that go beyond rigid technical specifications to include principles and flexible frameworks that adapt to various contexts.  

    3. Artificial intelligence: a balanced approach 

    AI was a key topic of discussion, with panelists debating its potential to enhance productivity and fill gaps in resource-constrained areas such as policing. AI can automate administrative tasks and free up officers for frontline duties, but public trust and careful implementation remain critical concerns. 

    The consensus was clear: 

    AI shouldn’t replace people – it should empower them.” 

    The goal of applying AI isn’t zero crime but mitigating and preventing incidents while maintaining public confidence. AI must be implemented thoughtfully as a tool to complement human expertise rather than replace it. 

    4. Broadening the mission beyond policing 

    A particularly compelling point was the recognition that safer streets aren’t just a policing challenge. Achieving this goal requires collaboration across sectors, including education, probation, community services, and even the private sector. 

    Policing alone cannot address systemic issues such as serious violence or crime prevention. A coordinated, cross-departmental approach is essential to drive meaningful change. This shift in mindset could transform how resources are allocated and how partnerships are forged across sectors. 

    What’s ahead? 

    The Cityforum policing event reinforced the need for collaboration, alignment, and strategic approaches to innovation. From local-level successes to national strategies, the sector holds immense potential to drive change – but this requires breaking down silos and ensuring all enablers work in harmony. 

    At the heart of these discussions is a clear message: success lies in collaboration, knowledge sharing, and empowering innovation at every level. 

    ACE looks forward to contributing to these conversations and supporting initiatives that make a tangible difference for communities and policing teams alike. ACE is well placed to support forces with mission-driven innovation, in cross sector projects, to join up, de-risk and innovate, identifying and developing enablers to support the police in the future. 

    A huge thanks to the Cityforum team for another outstanding event! We look forward to the next one.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI: Dominion Lending Centres Inc. Enters into Platform Licensing Agreement with Pinch Financial

    Source: GlobeNewswire (MIL-OSI)

    VANCOUVER, British Columbia, Feb. 03, 2025 (GLOBE NEWSWIRE) — Dominion Lending Centres Inc. (TSX: DLCG) (“DLC” or the “Corporation”) is pleased to announce that it has entered into a platform licensing agreement (the “License Agreement”) with Pinch Financial Incorporated (“Pinch”).

    Pinch owns and operates a technology platform that leverages AI to verify information and qualify potential borrowers for mortgages entirely online (referred to herein as the “Pinch Platform”). Real estate listing portals in Canada, most notably REALTOR.ca, leverage the Pinch Platform, which allows borrowers who are applying for a mortgage to select between a specific bank or lender or apply with the assistance of a licensed mortgage broker. DLC is now included in the Pinch Platform and will be available for consumers through REALTOR.ca.   

    Gary Mauris, Chairman and Chief Executive Officer, commented: “The DLC mortgage broker network is delighted to be integrated into the Pinch Platform, and we are excited to work with homebuyers using REALTOR.ca.”

    About Dominion Lending Centres Inc.

    Dominion Lending Centres Inc. is Canada’s leading network of mortgage professionals. DLCG operates through Dominion Lending Centres Inc. and its three main subsidiaries, MCC Mortgage Centre Canada Inc., MA Mortgage Architects Inc. and Newton Connectivity Systems Inc., and has operations across Canada. DLCG’s extensive network includes over 8,500 agents and over 500 locations. Headquartered in British Columbia, DLCG was founded in 2006 by Gary Mauris and Chris Kayat.

    DLCG can be found on X (Twitter), Facebook and Instagram and LinkedIn @DLCGmortgage and on the web at www.dlcg.ca.

    Contact information for the Corporation is as follows:

    Eddy Cocciollo
    President
    647-403-7320
    eddy@dlc.ca
    James Bell
    EVP, Corporate and Chief Legal Officer
    403-560-0821
    jbell@dlcg.ca

    The MIL Network

  • MIL-OSI: Wearable Devices Unveils the LLM of Gesture Control: Large MUAP Models (LMM) Set to Revolutionize Human-Computer Interaction

    Source: GlobeNewswire (MIL-OSI)

    Pioneering AI-powered neural gesture technology enables personalized, intuitive interactions for the AI and XR era

    Yokneam Illit, Israel, Feb. 03, 2025 (GLOBE NEWSWIRE) — Wearable Devices Ltd. (the “Company” or “Wearable Devices”) (Nasdaq: WLDS, WLDSW), an award-winning pioneer in artificial intelligence (“AI”)-based wearable gesture control technology, announced a groundbreaking advancement in human-computer interaction: Large MUAP Models (LMM). Building on the success of LLMs in natural language processing, Wearable Devices is actively developing LMMs with the goal to revolutionize how we interact with digital devices, aiming to offer personalized, intuitive gesture control powered by neural data. While still in development, this innovative technology holds immense potential to redefine human-device interaction.

    The LMM Revolution: Decoding the Neural Alphabet

    Just as LLMs unlocked the power of language for AI, LMMs aim to unlock the power of neural gestures for seamless, natural interactions. By decoding Motor Unit Action Potentials (MUAPs)—the body’s language for communicating with muscles—Wearable Devices has created a new paradigm for gesture control. LMMs are harnessing the potential of big data to enable devices to understand and predict user intentions with unprecedented speed and precision, making interactions faster and more intuitive than ever before. Personalized Gestures for a Natural User Experience

    At the heart of LMMs is personalization. The technology learns from individual users, creating a unique neural profile that will enable gestures tailored to each person’s natural movements. Whether it’s a subtle thumb swipe to select an option or a pinch-to-zoom gesture in augmented reality, LMMs will make interactions feel effortless and intuitive. “With LMMs, we are decoding the neural alphabet, potentially unlocking a strategically vital technology that fuses human neurology with AI. This breakthrough has the potential to create sci-fi-like superhuman abilities, giving a fundamental edge to whoever masters it first,” said Guy Wagner, Chief Scientific Officer of Wearable Devices.

    Wearable Devices’ flagship products, such as the Mudra Band for Apple Watch and the Mudra Link for universal device control, are already demonstrating the power of neural interfaces. These devices allow users to control their digital environments with simple, natural gestures. LMMs have the potential to make our current technology user-personalized, paving the way for a future where wearable technology is seamlessly integrated into our daily lives.

    The Future of AI and XR: Powered by Neural Gestures

    As spatial computing becomes the next computing platform, LMMs will provide the intuitive, natural interactions needed to unlock its full potential. Wearable Devices is focused on developing this technology and plans to seek collaboration with leading companies to integrate LMMs into next-generation extended reality (XR) platforms, ensuring that users can interact with their digital environments in ways that feel as natural as moving their hands.

    “The future of XR and AI interactions is here, and it starts with your wrist,” added Mr. Wagner. “With LMMs, we are not just imagining the future—we are building it.”

    About Wearable Devices Ltd.

    Wearable Devices Ltd. is a pioneering growth company revolutionizing human-computer interaction through its AI-powered neural input technology for both consumer and business markets. Leveraging proprietary sensors, software, and advanced AI algorithms, the Company’s innovative products, including the Mudra Band for iOS and Mudra Link for Android, enable seamless, touch-free interaction by transforming subtle finger and wrist movements into intuitive controls. These groundbreaking solutions enhance gaming, and the rapidly expanding AR/VR/XR landscapes. The Company offers a dual-channel business model: direct-to-consumer sales and enterprise licensing. Its flagship Mudra Band integrates functional and stylish design with cutting-edge AI to empower consumers, while its enterprise solutions provide businesses with the tools to deliver immersive and interactive experiences. By setting the input standard for the XR market, Wearable Devices is redefining user experiences and driving innovation in one of the fastest-growing tech sectors. Wearable Devices’ ordinary shares and warrants trade on the Nasdaq under the symbols “WLDS” and “WLDSW,” respectively.

    Forward-Looking Statement Disclaimer

    This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we discuss the benefits and advantages of our devices and technology, including the potential of LMMs, and that we are focused on developing this technology and plan to seek collaboration with leading companies to integrate LMMs into next-generation XR platforms. All statements other than statements of historical facts included in this press release regarding our strategies, prospects, financial condition, operations, costs, plans and objectives are forward-looking statements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: the trading of our ordinary shares or warrants and the development of a liquid trading market; our ability to successfully market our products and services; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in our annual report on Form 20-F for the year ended December 31, 2023, filed on March 15, 2024 and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Relations Contact

    Michal Efraty
    IR@wearabledevices.co.il

    The MIL Network

  • MIL-OSI: NowVertical Announces Agreement to Defer Payment of Amounts to Affinio Sellers, Demonstrating Continued Support

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — NowVertical Group Inc. (TSX-V: NOW) (“NowVertical” or the “Company”), a leading data and AI solutions provider, is pleased to announce that the sellers of Affinio Inc. (the “Sellers”) led by Whitecap Venture Partners have agreed to defer payment of USD $998,000 of outstanding liabilities previously due during the first half of 2025, which will now become payable in late Q4 2025. This deferral demonstrates the ongoing confidence and support the Sellers have in NowVertical’s “One Brand, One Business” strategy.

    “We appreciate the Affinio Sellers’ willingness to work with us in extending these liabilities,” said Sandeep Mendiratta, Chief Executive Officer of NowVertical. “This agreement allows us to maintain our focus on executing our organic growth initiatives as we move towards our objective to achieve a US$50 million revenue run rate and 20% best-in-class EBITDA margin.”

    This development reflects the strong relationship between NowVertical and the Sellers, reaffirming the trust and alignment both parties share in the Company’s strategic vision. NowVertical appreciates this collaboration, which underscores a positive outlook for the Company’s continued success and growth.

    About NowVertical Group Inc.

    The Company is a global data and analytics company which helps clients transform data into tangible business value with AI, fast. Offering a comprehensive suite of solutions and services the Company enables clients to quickly harness the full potential of their data, driving measurable outcomes and accelerating potential return on investment. Enterprises optimize decision-making, improve operational efficiency, and unlock long-term value from their data using the Company’s AI-Infused first party and third-party technologies. NowVertical is growing organically and through strategic acquisitions. For further details about NowVertical, please visit www.nowvertical.com.

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

    For further information, please contact:

    Andre Garber, CDO
    IR@nowvertical.com
    T: +1(647)947-0223

    Cautionary note regarding Forward-Looking Statements

    This news release contains forward-looking information and forward-looking information within the meaning of applicable Canadian securities laws (together “forward-looking statements“). Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties, and contingencies, certain of which are unknown. Forward-looking statements generally can be identified by the use of forward-looking words such as “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations and include statements regarding the ability of the Company to achieve its financial objectives. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause future results, performance, or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by the forward-looking statements and the forward-looking statements are not guarantees of future performance. Forward-looking statements are qualified in their entirety by inherent risks and uncertainties, including: adverse market conditions; risks that the Company will be unable to pay amounts owing when due; risks inherent in the data analytics and artificial intelligence sectors in general; regulatory and legislative changes; that future results may vary from historical results; inability to obtain any requisite future financing on suitable terms; any inability to realize the expected benefits and synergies of acquisitions or dispositions; that market competition may affect the business, results and financial condition of the Company and other risk factors identified in documents filed by the Company under its profile at www.sedarplus.com, including the Company’s management’s discussion and analysis for the year ended December 31, 2023. Further, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

    The MIL Network

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 Per Share for February 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Feb. 03, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for February 2025. This distribution is payable to common stockholders on February 28, 2025 (as outlined in the table below).

    As previously announced, the Company plans to declare distributions on a monthly basis, with the next distribution expected to be declared in early March. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date /
    Ex-Date
    Payment Date Distribution Amount Return of Capital
    Estimate
    2/14/25 2/28/25 $0.08 75%(1)

    (1) This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network

  • MIL-OSI: LeddarTech Announces First OEM Design Win for LeddarVision ADAS Solution

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Feb. 03, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced a major milestone: one of the world’s leading commercial vehicle OEMs (original equipment manufacturers) has selected LeddarTech as the fusion and perception software supplier for their advanced driver assistance system (ADAS) program for 2028 model year vehicles.

    LeddarVision was selected for this mainstream commercial vehicle platform after a comprehensive evaluation by the customer of the leading solutions available in the market today. LeddarVision stood out for its superior performance and efficiency in a multi-modal sensor system with both cameras and radars, and the ability to scale to various models and sensor configurations. LeddarTech revenue from this design win is expected to begin in 2025 for engineering services, with per-vehicle royalty revenue anticipated in late 2027. While project work is to commence immediately, the arrangement remains subject to the parties entering into definitive agreements.

    “This award comes on the heels of the recently announced Texas Instruments collaboration and license agreement with close to US$ 10 million in pre-paid royalties. These developments evidence the industry’s pivot towards low-level fusion―an approach pioneered by LeddarTech―that enables cost-effective deployment of L2/L2+ ADAS for commercial and passenger vehicles and our leadership position in multi-modal, low-level fusion and perception software,” said Frantz Saintellemy, president and CEO of LeddarTech. “These wins also reflect the momentum that is building with our business.”

    LeddarTech’s LeddarVision platform delivers an environmental model that enhances driver safety and enables greater autonomy. By leveraging cutting-edge AI and sensor fusion technology, LeddarTech enables automotive OEMs to meet increasingly challenging industry safety standards while addressing consumer demands for more advanced ADAS features.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s selection by the OEM referred to above, anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that LeddarTech and the OEM referred to above are unable to agree to final terms in definitive agreements; (ii) the volume of future orders (if any) from this OEM, actual revenue derived from expected orders, and timing of revenue, if any; (iii) the possibility that anticipated benefits of LeddarTech’s recent business combination will not be realized; (iv) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may result in significant costs of defense, indemnification and liability; (v) changes in general economic and/or industry-specific conditions; (vi) possible disruptions from the business combination that could harm LeddarTech’s business; (vii) the ability of LeddarTech to retain, attract and hire key personnel; (viii) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties; (ix) potential business uncertainty, including changes to existing business relationships following the business combination that could affect LeddarTech’s financial performance; (x) legislative, regulatory and economic developments; (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak or escalation of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID‑19), as well as management’s response to any of the aforementioned factors; (xii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; (xiii) LeddarTech’s ability to execute its business model, achieve design wins and generate meaningful revenue; and (xiv) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Annual Report on Form 20-F for the fiscal year ended September 30, 2024. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Chris Stewart, Chief Financial Officer, LeddarTech Holdings Inc.
    Tel.: + 1-514-427-0858, chris.stewart@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • MIL-OSI: FLYR Welcomes Thomas Fuss as Chief Technology Officer

    Source: GlobeNewswire (MIL-OSI)

    SAN FRANCISCO and AMSTERDAM, Feb. 03, 2025 (GLOBE NEWSWIRE) — FLYR, the technology company that unlocks freedom to innovate for the travel industry, today announced the arrival of Thomas Fuss as its new Chief Technology Officer. Thomas joins FLYR with a wealth of experience in leading technology teams at hypergrowth companies across several industries.

    Thomas comes to FLYR from Backbase, where he played a pivotal role as Backbase’s CTO in driving the company’s transformation to 10x the company’s revenue during his tenure. At Backbase, Thomas led initiatives that modernized the financial technology landscape, building platform-as-a-service solutions and overseeing global scaling efforts. His work not only disrupted incumbents in the financial sector but also ensured the wellbeing of millions of end-users.

    “We are very excited to have Thomas join the FLYR crew,” said Alex Mans, Founder and CEO of FLYR. “As a lifelong technologist and engineer at heart, Thomas understands how to lead a team in times of rapid growth — critical capabilities for us as we continue to scale up and unlock freedom to innovate for the travel industry. His leadership and vision will help drive the next chapter of growth for FLYR and our customers.”

    “FLYR’s mission to disrupt the airline industry and lead clients into a digital future resonates deeply with me,” said Thomas Fuss, CTO, FLYR. “Having spent my career bridging the gap between complex systems and customer-centric solutions, I see tremendous opportunities to make a difference. The travel industry is ripe for transformation, and FLYR’s work is not only reshaping airlines but also enhancing experiences for travelers worldwide. I’m excited to bring everything I’ve learned from the financial sector to help FLYR scale globally and achieve its ambitious vision.”

    Thomas’s career began with roles at SAP and ING Bank, where he led innovation initiatives for five years. He has also founded two companies, including Payconiq, a mobile payments innovation initiative, further underscoring his entrepreneurial spirit and commitment to driving technological advancements.

    Thomas will be based in FLYR’s Amsterdam office. For more information on FLYR, please visit FLYR.com.

    About FLYR
    FLYR is a technology company that unlocks freedom to innovate for the travel industry – eliminating legacy constraints to enable real-time decision making and create the experiences travelers seek. Cloud native, FLYR leverages technologies including deep learning, an advanced form of AI. FLYR is helping airlines and hospitality businesses around the globe improve revenue performance, reduce cost, and modernize their e-commerce experience. Learn more at flyr.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed16b6d6-cdbc-494b-841f-c33cad89613f

    The MIL Network

  • MIL-OSI United Kingdom: Education Secretary speech on new era of school standards

    Source: United Kingdom – Executive Government & Departments

    Speaking at the Centre for Social Justice, Bridget Phillipson laid out plans for a new era of school standards delivering on the Plan for Change.

    Good morning, everyone.

    Thanks so much for being here. And thanks to the Centre for Social Justice for hosting us. And thanks to Andy.

    It’s great to be back here, this time as Education Secretary, six months into delivering our Plan for Change.

    I know CSJ shares this government’s commitment to ensuring that, whoever you are, wherever you come from, ours should be a country where hard work means you don’t just get by but you get on.

    Some of you were here last year, when I started my speech with a story. And today I want to start with a story too:

    A story about how and why the change I am bringing to the education system matters to me.

    It’s my story.

    I grew up in the late ’80s and early ’90s, a shy little girl, from a tough street in the northeast of England, [political content removed]

    I never met my dad. It was just me and my mum – and my grandparents who lived nearby.

    We didn’t have much. One winter, a neighbour, who himself, he didn’t have very much, found out I’d been playing outside wearing only a jumper.

    He put money through the letterbox in an envelope marked “for Bridget’s coat”.

    Now, not everyone turned to kindness. Crime was a big problem. Our house was burgled time and again.

    And when my mum reported it to the police, our windows were put out, a man turned up with a baseball bat.

    It didn’t seem like that big a deal at the time. These were just things that happened, and frankly not just to us.

    I think often of the children I knew then, held back by who they were, by where they were born.

    So many on my street were denied the opportunity to get on and to succeed.

    Not because they were lazy, they weren’t. 

    They were no less talented than I was, no less ambitious, no less deserving of success.

    But I was given the opportunities that they were denied. I went to great schools, I was taught by wonderful teachers, I had a family that prized learning.

    I was in the very first full cohort to sit SATs tests at Key Stage 1, 2 and 3. I benefited from the national curriculum brought in by a [political content removed] government.

    My school took up that challenge to push kids like me to achieve.

    I worked hard, of course I did.

    But I had the good luck to go to a great school, to have a family who cared deeply about education, a grandfather who read to me week in, week out.

    And like so many stories, this one has a moral lesson at its core.

    I am proof that the system can work, that a great education can be a transformational force, that background doesn’t have to be destiny.

    That belief formed then, is the core of my politics now.

    That the promise our children deserve, that hard work is what counts, no matter your background.

    I believe in that promise, in making that dream real.

    But I saw so many of my friends from my area let down, let down by a system that lacked a restless ambition for their futures, content, too often, to deliver a mediocre education, middling, in schools that drifted, an education that was seen as ‘just fine’ for ‘these kids’.

    For kids like me.

    Michael Gove used to call this ‘the soft bigotry of low expectations’ and with good reason: he was right.

    But I don’t need to be told about that. I grew up with it all around me, in my community, holding back my friends.

    I don’t forget. Not now. Not ever.

    It’s these memories of those injustices, the doors closed, the dreams stifled, the futures denied, that’s what drives me forward in this job.

    I get up every morning to right those wrongs.

    To break down the barriers to opportunity for each and every child.

    Background wasn’t my destiny.

    And I won’t rest until that is true for all children.

    That is my vision for education.

    Opportunity, for those children, for all children. That is our mission, driven by the Prime Minister’s Plan for Change.

    An excellent teacher for every child, a high-quality curriculum for every school, a core offer of excellence for every parent.

    Raising a floor of high standards, below which schools must not slip, above which schools can and must innovate, with no ceiling.

    Now, those memories are from a long time ago. And in the decades since, standards in England’s schools have risen, and millions of children have benefited.

    Our system now has many strengths, to build into that core. The greater use of evidence in classrooms across the country.

    No more flying blind, guided only by tradition.

    Now, what matters is what works [political content removed] reformed exams – more rigour, more challenge.

    Our national curriculum, a national strength, one from which we will build.

    Raising the floor, removing the ceiling.

    Take one example, one that matters immensely.

    Every child learns about the Holocaust, thanks to the national curriculum. That’s the floor we need.

    But teachers can then innovate in how they teach it.

    Stories from newspaper archives of troops finding concentration camps or hearing the testimonies of Holocaust survivors who have been immortalised using recordings and virtual reality technology.

    And now the Curriculum and Assessment Review will take us onward, delivering a core curriculum for all children that is deep and rigorous, knowledge-rich down to its bones.

    And that matters so much, knowledge is foundational, the building blocks of learning.

    It’s no use developing skills if children lack the knowledge to back it up and that curriculum must be taught by the very best teachers.

    As a profession as well as a calling, teaching has come on leaps and bounds, far ahead of when I was at school.

    The use of phonics is just one example where this has delivered for millions of children. Over 100,000 more children every year are securing the phonic foundations of reading since 2012.

    And we will continue down this proud path, for future generations.

    But now, right now, we need more teachers.

    That’s why we are committed to recruiting an additional six and a half thousand new expert teachers over the course of this parliament, ensuring we have more teachers where they are most needed across our colleges and our secondary schools, both mainstream and specialist.

    Because more teachers in our classrooms means more attention for our children. And that attention makes it easier to learn, and drives better attainment.

    More teaching, better learning.

    But more alone is not enough.

    I want to drive up the quality of teaching too.

    Building on the advances in teaching as a profession, and in teacher training.

    That’s why we are requiring all teachers to work towards qualified teacher status – and doubling down on evidence-based training.

    We’ll back our teachers with the very best AI, part of an exciting new wave of technology to modernise our education system.

    These changes are critical for all of our children. But nowhere are they more important than for our children with SEND.

    It’s hard to say about a system that today is failing so many, that there has been progress. The recognition of additional needs, the debate around how we support children with SEND is a sign of progress.

    But there is much, much more to do.

    We must set high expectations for all, spread pockets of excellence right throughout the system. 

    Focus on need and not diagnosis. With children able to access the right support more often in mainstream so that they can learn and thrive.

    Empower schools to intervene earlier, equipping them not just to support, but to excel for children with a range of different needs. Advances in the use of evidence, in the curriculum, in teaching.

    We’ll take that forward, delivering a new for generations of children.

    But perhaps the key driver of rising standards across our schools has been strong multi academy trusts.

    Take an example. Tanfield is a school that sits on the edge of Stanley, just ten miles west of where I grew up.

    Over the decades, tens of thousands of kids with backgrounds just like mine have walked through those school gates.

    And for a long time, the school meandered along, performing poorly, requiring improvement that never quite appeared, delivering outcomes never quite what they could be.

    A reality that year after year, kids were being denied the opportunity to achieve.

    Until Tanfield joined Eden Learning Trust in May 2020. And with a strong head teacher at the helm. That’s when the spark of progress finally arrived.

    The school is now rated as good on some measures, outstanding on others.

    Exam performance rising, above the national average.

    That story fills me with hope, because I know the difference a great school makes to so many children with backgrounds like mine, to severing the tie between background and destiny.

    Academy schools were a part of a great age of reform, from the mid-90s to 2015, a wave of changes that lifted standards for schools and life chances for children.

    Driven forward by a succession of great education reformers – from David Blunkett to Michael Gove, and a generation of dedicated and determined teachers.

    I recognise the focus on tackling low standards in inadequate schools, which previous governments of all parties shared.

    I celebrate the enormous effort by parents and school staff, to haul our entire system into a much better place.

    Strong academy trusts, top teachers, a core curriculum – these are our foundations.

    But sometimes I get the sense that people want to stop there.

    As if we can celebrate progress, but stop pushing for better.

    As if the drive for change, the impatience with failure – that these are the proud tales of yesterday, not the agenda for tomorrow.

    Because I tell you, this government is very clear.

    The journey isn’t over, the mission is never complete.

    It’s almost fifty years since James Callaghan gave a major speech about the purpose of our education system in our country.

    Elements of his challenge, to the established wisdom of his day, are sadly all too familiar.

    He spoke of a system that too often left young people neither ready for work, nor ready for life, the need for more young women to study science, the immense importance of numeracy for the next generation.

    And he spoke of his sympathy with the principle of a national curriculum, a principle that would fall to the next government to deliver.

    But today it is not simply the wisdom of that speech I have in mind.

    Callaghan knew the greatest truth about the determination that governments [political content removed] should have to drive change, for it was he who told us:

    “You never reach the promised land. You can march towards it.”

    So I tell you again, for me, for this government, we know that this march never ends.

    And yet today, the barriers to opportunity have grown only higher, and the stakes for our children are just as high.

    Stuck schools.

    Too many schools coasting.

    Delivering an education that, is just not the standard all children deserve.

    There are more than 600 schools in this country that are stuck, receiving consecutive poor Ofsted judgements.

    More than 300,000 children go to these schools. And what happens to these children?

    They leave primary school with results 14 percentage points worse.

    They leave secondary school with results one grade per subject worse.

    Their life chances, limited by the bad luck of going to a poor school.

    That is our inheritance.  And that is not good enough.

    Stuck schools are the new front in the fight against low expectations.

    I will not accept a system that is content for some to sink, even while others soar.

    These schools must improve, and with the right help, I know they can.

    Our proposals provide a response that is tailored, bespoke, effective – drawing on the insights of new Ofsted report cards.

    Improvement driven by new RISE teams, groups of leading experts who have been there and done it, with a track record of driving up standards.

    Turning around not just schools, but children’s lives.

    The best of the best when it comes to school improvement.

    They will work with schools to get to grips quickly with the problems Ofsted spots, backed with an initial £20m of funding.

    Up to £100,000 per school, dwarfing the basic £6,000 per school that was made available for these very schools by the last government, before being cancelled altogether with structural intervention as a necessary backstop if change does not come quickly enough.

    We now have our first 20 expert advisers in place – and teams are beginning their work with schools up and down the country.

    Trust leaders right at the centre.

    To work with us as partners in the push for better.

    Excellence – for every child.

    High and rising standards – for every child.

    Success – for every child.

    No more stuck schools drifting along.

    Tackling drift by reforming accountability and intervention.

    Now is the time for reform, for renewal, for modernisation.

    To take the whole school system forward.

    The way we hold schools accountable underpins it all.

    How we identify poor performance and drive change,

    To lift the life chances of children.

    We have a strong starting place. The improvements in inspection and accountability starting in the 90s have been instrumental for raising standards in our schools.

    With Ofsted’s role right at its heart.

    And to those who call for the abolition of a strong, independent, effective inspectorate, I have said before and I will say again: never.

    Never will we go back to those dark days of weak accountability.

    Because it was children from disadvantaged backgrounds who suffered the most.

    And because despite those improvements, there is still so far to go.

    So today I am taking us into a new era on school standards.

    Single headline grades were the right innovation at the right time. They brought proper scrutiny to all schools.

    But the time for change has come.

    They had become high stakes for schools but low information for parents.

    And for the challenges we now face, too blunt, too rough, too vague.

    How can it be right that so many critical decisions parents – choices that shape whole lives rest on a single word?

    It simply isn’t enough. Not for schools, not for families, and not for children.

    Our searchlight on poor performance must now become brighter

    to see the problems of today and tomorrow quickly and clearly.

    So a more rigorous system, raising the bar on expectations, on what good really looks like when it comes to the futures of our children.

    Because when we hear that 90% of schools are rated good or outstanding by Ofsted, it’s a reflection of millions of hours of hard work from teachers and leaders.

    But it’s a statistic, I’m afraid, that just no longer paints the full picture.

    Good as a judgement has become too vague to serve its purpose,

    When there are schools rated as “good” in both the top and bottom 1% for attainment.

    So just like we guard against grade inflation, to make sure that results really reflect the achievement of students, we must protect standards here too, because when almost 8 in 10 schools are graded as good, it’s time we bank that progress and take good to another level.

    The imprecision has left too many struggling schools without the support they need to improve.

    If the diagnosis isn’t clear, how can we be confident that the treatment will be right?

    And the change this government brings is one the public know is needed.

    Only 13% of those asked by Ofsted think that the notion that 90% of our schools are Good or Outstanding is truly reflective of the overall quality of schools.

    We need a more diagnostic approach – an approach that is restless and rigorous.

    Our proposals will swap single headline grades for the rich, granular insight of school report cards.

    Raising the bar on what we expect from schools. Shining a light on the areas that matter, each given their own grade.

    Identifying excellence and rooting out performance that falls short of expectations, so that parents have clearer, better information about their local schools.

    And that extra information will underpin changes in how we tackle poor performance.

    The worst performing schools, whether local authority maintained or academies – will be moved to a strong trust.

    That means new leadership brought in to boost the life chances of pupils.

    Children only get one chance: we won’t wait around while schools fail around them.

    And if school report cards identify even one area for improvement for a school, Ofsted will monitor progress, looking out for warning signals, government primed to step in for children, if required.

    The schools and trusts too, able to take swifter action from the more granular school report.

    Because being hands off, for school after school, for year after year, simply cannot be an option when the life chances of our children are at stake.

    And because we know that there is so much brilliance within our schools, so much to learn from and share.

    A new proposed top grade of ‘Exemplary’, for best-in-class practice in a specific area, when Ofsted judge that a school is doing something that is simply too good to be kept inside the school gates.

    Because this is a government that is never content, never complacent, never satisfied, when it comes to standards in schools.

    We want to spread that excellence

    To promote innovation,

    And it’s important we recognise that the best people to do that, the people who so often, will be doing that, are already standing in front of us.

    The best trusts, the best schools, the best leaders.

    Our RISE teams in time providing a universal service, will draw on them, their practice, their knowledge, their experience, helping good schools to become great and the great schools to become even better – spreading their excellence as they go.

    This is a new era in accountability for schools, a new era of relentless improvement. To drive up standards and open up opportunity for all.

    But a new spirit too – including with schools.

    A relationship to improve, not punish, to challenge, not to scold, based on shared aims, not shared hostility.

    An approach that recognises, that when all’s said and done, we all want the same thing.

    Better outcomes for children.

    When I first started in this job, I said I wanted to put education at the forefront of national life.

    So I am delighted to see the debate raging over our reforms – particularly since we introduced our Children’s Wellbeing and Schools Bill.

    I have to say, I welcome it.

    It is a sign that under this government, once again, education is coming back to the centre of national debate.

    I welcome spirited engagement, I welcome robust challenge, I welcome different views – and I will listen to them.

    That is how we shape the very best education system that our children deserve.

    And that’s why the changes we are making to accountability will draw on the wisdom of the entire sector.

    So I am pleased to announce a public consultation on our proposals for school accountability reform.

    Alongside that, Ofsted are consulting on their proposals for report cards and inspection structures.

    I want – we want – to hear the views of teachers and parents, schools and trusts – all those who care about our children’s futures.

    All parents worry about their children and that’s because they want so much for them.

    There were times when I was small when my mum worried about me.

    People would tell her that I had speech issues, because I talked so little.

    Well, I’m talking now.

    And to the young people, the families, who feel like they don’t have a voice, don’t have a future.

    I say this,

    Under this government, [Political content removed] no longer will where you’re from decide what you go on to do.

    Opportunity, for every child, in every school, in every part of the country.

    Everything I do as Secretary of State, I do for all children.

    The ones who grow up on streets like mine, who don’t – not yet – have a great school to go to, who are weighed down by their background.

    I am asking more of schools, of trusts, of parents, of Ofsted, of myself, and of this government.

    And I make no apologies for that,

    We need change, to turn the drift and delay of today, into the restless progress of tomorrow.

    Because I believe that background shouldn’t be destiny.

    I believe in the power of education to take us to a brighter future.

    And I believe each and every child in our country deserves nothing less.

    Thank you.

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom

  • MIL-OSI USA: Plant Power: A New Method to Model How Plants Move Water Globally

    Source: US State of Connecticut

    Earth systems models are an important tool for studying complex processes occurring around the planet, such as those in and between the atmosphere and biosphere, and they help researchers and policymakers better understand phenomena like climate change. Incorporating more data into these simulations can improve modeling accuracy; however, sometimes, this requires the arduous task of gathering millions of data points.

    Researchers, including UConn Department of Natural Resources and the Environment Assistant Professor James Knighton, Pablo Sanchez-Martinez from the University of Edinburgh, and Leander Anderegg from the University of California Santa Barbara, have developed a method to bypass the need for gathering data for over 55,000 tree species to better account for how plants influence the flow of water around the planet. Their findings are published in Nature Scientific Data.

    Plants play essential roles in Earth’s processes, from capturing carbon and making oxygen available for other life forms like humans. Plants are also responsible for the movement of water, says Knighton, where an estimated 60% of all rain is returned to the atmosphere through transpiration. This huge global-scale movement of water through plants is complex and currently represented by Earth system models (ESMs) in a simplified way says Knighton, where all plants in a region may be considered as a single entity (i.e., a plant functional type),

    “Plant Functional Types (PFTs) are used because we don’t know a lot about the details of individual plant species,” says Knighton, a faculty member in the College of Agriculture, Health and Natural Sciences. “It would be harder to take a detailed map of vegetation over a continent and put in all the right values for each individual species so it’s easier just to consider one generic PFT.”

    The problem with PFTs is that different plant species vary in their hydrologic traits – or how water moves through plants — and this oversimplification of such systemically influential traits could limit the effectiveness of available models to predict the future. Scientists have moved towards accounting for these differences by creating databases, like the TRY Plant Trait Database, where this information is collected. However, Knighton points out that only about 5,000 to 15,000 plant species have had their traits well-cataloged after several centuries of plant science.

    “There are around 60,000 to 70,000 tree species on Earth, meaning that after 200 years, we know maybe 5 to 10% of what’s happening,” he says. “If that were the way we would do things, it would take us another 2,000 years or so to learn about all the plants that we needed to, and at that point, climate change has set in, and it’s too late. We can’t do that. We can’t just wait for field researchers to go out and do their studies and populate this global database. It’s still incredibly useful to conduct field studies, but those alone will not get us where we need to be fast enough.”

    Knighton and his colleagues decided to address this problem and expedite the process by looking at the data for traits that are available, information like how tall a tree grows, how deep the roots descend, or how fast water flows within the plant. They then compared the history of that species and its relatedness to other species in what is called a phylogenetic test for those traits.

    “We looked to see how similar trait values are between closely related species, and the idea behind that is, if these traits are critical for their survival, evolution will have preserved the trait values, they won’t be randomly dispersed,” Knighton says. “For example, if growing deep roots was critical for a certain type of plant to survive, the species that branch off from that one will probably also have deep roots, and everything that’s in that family or that genus will have a similar root structure.”

    Graduate students Caroline Stanton (left) and Kevin Li (right) collecting samples from trees in the UConn Forest. (Contributed photo)

    The researchers performed the test for all the traits, and Knighton says they found high levels of conservation across the phylogenetic tree, which means closely related species tend to have closer trait values.

    “Then we took the phylogeny where you can take all of the plant species on Earth and map them onto each other, and show exactly how closely related each plant is to every other plant,” he says.

    Knighton says they can impute the trait data if they have the information for closely related species, meaning that this data can be inferred without having to take millions of field measurements.

    “We used different numerical machine learning techniques, and in doing that, we were able to come up with a database of these very critical tree values for 55,000 tree species on Earth,” he says. “If you want to do global modeling that includes more detail in the vegetation, which is important, you now have a starting point. You don’t have to use this generic, one plant species per continent approach, you could, in theory, try something more detailed, but putting in all the different species and seeing what happens.”

    Knighton says they consider this work to be a low-order approximation, but it is an important starting point. As more data is collected from field researchers, the data can be used to update and refine the interpolated data to improve the accuracy of this approach.

    This work is the next step in a larger project, the first step of which was a proof-of-concept experiment at a smaller, more local level. That project established this method of imputing hydrologic traits as a viable approach, and Knighton says the next step is to compare the imputed data with observational data that they are collecting in UConn Forest and from other sites around the United States.

    Knighton explains there are 10 sites across the U.S. where ample data is collected, which will serve as test cases. Knighton says master’s student Caroline Stanton ’26 is currently building ecosystem models of each site, and they are calibrating high-resolution models to estimate the traits which they will compare with data that scientists have collected over the last 20 years. Then, they will compare the estimated plant trait results with the observational data collected from the site to see how the quality of the model is impacted by each approach.

    Eventually, the researchers hope to apply the method to forested sites across the globe to study aspects of what drives traits to vary. Understanding the variation in traits across different plant species has the potential to strengthen the accuracy of models, but these data can also give insights into what drives the different traits to vary.

    Knighton says he and his colleagues hope climate modelers will find this information helpful, but they also hope it can improve our understanding of the Earth system overall, and more about the vital roles plants play,

    “Plants control our environment to an incredible degree.”

    This work is supported by the National Science Foundation (Grant numbers 2243263, 2003205, 20230833 and 2216855), Renewable Energy, Natural Resources, and Environment: Agroecosystem Management (GRANT13398847 from the USDA National Institute of Food and Agriculture.)

    MIL OSI USA News

  • MIL-OSI: Outbrain Completes the Acquisition of Teads

    Source: GlobeNewswire (MIL-OSI)

    Highlights:

    • The combination will merge two open internet category leaders to create a unified omnichannel platform that delivers outcomes from branding to performance across all screens, including CTV, mobile and web. The new company will operate under the name Teads.
    • The union creates one of the largest open internet companies, with combined advertising spend of approximately $1.7 billion (FY24), reaching 2.2 billion consumers.
    • The company will unite two of the richest contextual and interest data sets on the open internet, powering an advanced AI prediction engine to optimize advertiser outcomes.
    • Outbrain CEO, David Kostman, will serve as CEO of the combined company, with Jeremy Arditi and Bertrand Quesada, former Teads CEOs, assuming the roles of Co-President, Chief Business Officer of the Americas and International respectively.
    • The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of $623 million and Adjusted EBITDA of $230 million in 2024 including $65-75 million of estimated synergies1.
    • Transaction value of approximately $900 million, comprised of $625 million in cash and 43.75 million Outbrain shares.
    • Altice, selling shareholder of Teads, will nominate two out of a total of 10 board members.
    • Outbrain is providing selected preliminary results for the fourth quarter, in line with previously issued guidance in Outbrain’s November 2024 earnings call, and selected preliminary results for Teads and the combined company.

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Outbrain Inc. (NASDAQ: OB) today announced the closing of its acquisition of Teads, following receipt of all necessary regulatory approvals. The two companies will merge their respective branding and performance offerings to create the omnichannel outcomes platform for the open internet, and will operate under the name Teads.

    The new Teads will create one of the largest optimized supply paths on the premium open internet, with a focus on connecting curated, exclusive media environments with elevated, data-driven creative experiences. The combined company offering will be strengthened by Outbrain’s proprietary predictive technology and AI optimization. It will provide a solution for marketers to leverage a single partner to deliver concrete outcomes at every step of the marketing funnel— offering unique ways to combine advertising solutions from awareness to sales. The company’s combined data set will power expanded contextual, audience and purchase-based targeting capabilities, connecting CTV experiences to digital moments to drive measurable outcomes.

    “I am extremely excited about this new chapter in our journey. This transformative merger creates a company that directly addresses a large gap in the advertising industry: a scaled end-to-end platform that can drive outcomes, from branding to consideration to purchase, across screens,” said CEO, David Kostman.

    “Together, we are creating an extraordinary new company, combining the best of both organizations’ deep expertise in omnichannel video branding solutions and performance advertising. The new Teads’ mission is to drive lasting value with an offering that invites marketers to expect better outcomes, media owners to expect sustainable value, and consumers to expect elevated experiences. I want to thank the teams of both Outbrain and Teads, who have pioneered major advertising categories, and have built leading global companies over more than a decade. It is their innovation and commitment that have brought us to this moment and will propel us to new heights,” added Kostman.

    Co-President & Chief Business Officer, Jeremy Arditi, added: “We’re committed to creating a solution that will harness the untapped opportunity of the open internet, and allow all of its constituents to thrive. We believe that by prioritizing beautiful creative experiences, trust and transparency in media, and delivery of meaningful outcomes, we can create a stronger ecosystem that provides value for all.”

    “The merger between Teads and Outbrain makes a lot of sense strategically. We look forward to exploring the new possibilities this provides us with to reach our audiences in a new and interesting way, to deliver full funnel solutions and better business outcomes,” said Sital Banerjee, Global Head of Integrated Media, Performance Marketing, and BMI Management at Lipton Teas and Infusions.

    Key Combined Strengths

    With the completion of the combination, the new Teads will offer clients and partners:

    • Exceptional reach at great scale, across exclusive environments
      • 96 percent open internet audience reach*
      • Number one most direct supply path, as rated by Jounce**
      • Direct access to 10,000 media environment
      • Connected to the top 4 OEMs and several of the top Streaming Apps unlocking access to 50bn CTV Monthly Ad Opportunities, including unique CTV homescreen inventory
      • Proprietary code-on-page relationships with premium editorial properties globally, providing access to incremental inventory and yielding extensive audience interest and engagement insights
    • Creatives built for outcomes
      • Data-driven, beautiful creative solutions designed to connect brand moments across the marketing funnel — from CTV to editorial and beyond
      • Proven impact from unique experiences, with 74 percent higher attention for unique CTV native creative
      • Strategic Joint Business Partnerships with more than 50 of the world’s most premium brands
    • AI-powered predictive technology
      • Proprietary prediction engine, cultivated over 18+ years to drive performance outcomes, making 1 billion predictions each minute
      • 4 billion signals processed each minute via AI and machine learning
      • 50 live AI models
    • Expansive omnichannel graph, expanded on the Teads Omnichannel Graph foundation
      • The Teads Omnichannel Graph (OG), a proprietary tool extending contextual and audience-targeting capabilities into the CTV environment, will be further expanded by Outbrain engagement, interest, and conversion data
      • Extensive data signals feeding an understanding of audiences across screens, including:
        • 130,000 articles scanned per minute
        • 500,000 CTV programs enriched with data per month
        • 1 billion engagement and contextual signals processed each minute

    *According to Comscore, Media Metrix, Key Metrix, US, December 2024 for Teads.
    **According to 2024 Jounce SPO analyses, specific to Teads platform.

    Transaction Details

    Outbrain, Altice and Teads have amended the previously announced share purchase agreement, dated August 1, 2024. Under the terms of the revised agreement, Outbrain will be paying a total consideration of approximately $900 million, consisting of $625 million upfront cash and 43.75 million shares of common stock of Outbrain (valued at approximately $263 million based on the closing price of Outbrain’s common stock as of January 31, 2025, of $6.01).

    Under the revised terms, there is no deferred cash payment or convertible preferred equity component. The revised terms have meaningfully reduced the level of required debt financing and simplified the transaction structure.

    Outbrain intends to finance the transaction with existing cash resources and $625 million in committed debt financing from Goldman Sachs Bank USA, Jefferies Finance LLC and Mizuho Bank, Ltd., subject to customary funding conditions. Outbrain will also issue to Altice 43.75 million shares of common stock. Altice will nominate two directors to the board of Outbrain and will be bound by a stockholder agreement with Outbrain containing arrangements and restrictions concerning voting and disposition of the shares issued to Altice.

    Financial Highlights

    Preliminary Estimated Unaudited Financial Information for the Quarter and Year Ended December 31, 2024

    Today Outbrain is furnishing on Form 8-K selected preliminary estimated unaudited financial information for each of Outbrain and Teads on a standalone basis and on a combined company basis for the quarter and year ended December 31, 2024. Excerpts of such financial information can be found below. You are encouraged to refer to the Form 8-K and other documents filed or furnished by Outbrain with the SEC through the website maintained by the SEC at www.sec.gov.

    The Company previously announced its expectation to achieve $50 – 60 million of annual revenue and cost synergies in the second full year following completion of the acquisition, with further opportunities for expanded synergies in the following years. The Company now expects to realize approximately $65 – 75 million of annual synergies in FY 2026 with further opportunities for expanded synergies in the following years. Of this amount, approximately $60 million relates to cost synergies, including approximately $45 million of compensation related expenses. The Company plans to action approximately 70% of the compensation related expense savings during the first month post-closing. The upsize in expected synergies follows a robust integration planning process, enabling a larger and more rapid synergy capture.

    Outbrain is providing selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $68.3 million for Q4 2024, and $236.1 million for FY 2024
    • Adjusted EBITDA of $17.0 million for Q4 2024, and $37.3 million for FY 2024

    For Teads, we are providing the following selected preliminary results for the fourth quarter and full year 2024, as follows:

    • Ex-TAC gross profit of $119.9 million for Q4 2024, and $386.6 million for FY 2024
    • Adjusted EBITDA of $52.2 million for Q4 2024, and $122.7 million for FY 2024

    The two companies are preliminarily reporting a combined Ex-TAC Gross Profit of approximately $623 million and Adjusted EBITDA of approximately $230 million in 2024, including $65-75 million of estimated synergies2.

    Conference Call and Webcast:
    Outbrain will host an investor conference call this morning, Monday, February 3rd at 9:00 am ET. Interested parties are invited to listen to the conference call which can be accessed live by phone by dialing 1-877-497-9071 or for international callers, 1-201-689-8727. A replay will be available two hours after the call and can be accessed by dialing 1-877-660-6853, or for international callers, 1-201-612-7415. The passcode for the live call and the replay is 13751603. The replay will be available until February 17, 2025. Interested investors and other parties may also listen to a simultaneous webcast of the conference call by logging onto the Investors Relations section of the Company’s website at https://investors.outbrain.com. The online replay will be available for a limited time shortly following the call.

    Cautionary Note About Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the U.S. federal securities laws and the Private Securities Litigation Reform Act of 1995, which statements involve substantial risks and uncertainties. These statements are based on current expectations, estimates, forecasts and projections about the industries in which Outbrain and Teads operate, and beliefs and assumptions of Outbrain’s management. Forward-looking statements may include, without limitation, statements regarding possible or assumed future results of our business, financial condition, results of operations, liquidity, plans and objectives, expected synergies and statements of a general economic or industry-specific nature. You can generally identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expects,” “plans,” “anticipates,” “could,” “intends,” “target,” “projects,” “contemplates,” “believes,” “estimates,” “predicts,” “foresee,” “potential” or “continue” or the negative of these terms or other similar expressions that concern our expectations, strategy, plans or intentions, or are not statements of historical fact. The outcome of the events described in these forward-looking statements is subject to risks, uncertainties and other factors including, but not limited to: risks that the acquisition disrupts current plans and operations or diverts management’s attention from its ongoing business; the initiation or outcome of any legal proceedings that may be instituted against Outbrain or Teads, or their respective directors or officers, related to the acquisition; unexpected costs, charges or expenses resulting from the acquisition; the ability of Outbrain to successfully integrate Teads’ operations, technologies and employees; the ability to realize anticipated benefits and synergies of the acquisition, including the expectation of enhancements to Outbrain’s services, greater revenue or growth opportunities, operating efficiencies and cost savings; overall advertising demand and traffic generated by Outbrain and the combined company’s media partners; factors that affect advertising demand and spending, such as the continuation or worsening of unfavorable economic or business conditions or downturns, instability or volatility in financial markets, and other events or factors outside of Outbrain and the combined company’s control, such as U.S. and global recession concerns; geopolitical concerns, including the ongoing war between Ukraine-Russia and conditions in Israel and the Middle East; supply chain issues; inflationary pressures; labor market volatility; bank closures or disruptions; the impact of challenging economic conditions; political and policy uncertainties; and other factors that have and may further impact advertisers’ ability to pay; Outbrain and the combined company’s ability to continue to innovate, and adoption by Outbrain and the combined company’s advertisers and media partners of expanding solutions; the success of Outbrain and the combined company’s sales and marketing investments, which may require significant investments and may involve long sales cycles; Outbrain and the combined company’s ability to grow their business and manage growth effectively; the ability to compete effectively against current and future competitors; the loss or decline of one or more large media partners, and Outbrain and the combined company’s ability to expand advertiser and media partner relationships; conditions in Israel, including the ongoing war between Israel and Hamas and other terrorist organizations, may limit Outbrain and the combined company’s ability to market, support and innovate their products due to the impact on employees as well as advertisers and advertising markets; Outbrain and the combined company’s ability to maintain revenues or profitability despite quarterly fluctuations in results, whether due to seasonality, large cyclical events or other causes; the risk that research and development efforts may not meet the demands of a rapidly evolving technology market; any failure of Outbrain or the combined company’s recommendation engine to accurately predict attention or engagement, any deterioration in the quality of Outbrain or the combined company’s recommendations or failure to present interesting content to users or other factors which may cause us to experience a decline in user engagement or loss of media partners; limits on Outbrain and the combined company’s ability to collect, use and disclose data to deliver advertisements; Outbrain and the combined company’s ability to extend their reach into evolving digital media platforms; Outbrain and the combined company’s ability to maintain and scale their technology platform; the ability to meet demands on our infrastructure and resources due to future growth or otherwise; the failure or the failure of third parties to protect Outbrain and the combined company’s sites, networks and systems against security breaches, or otherwise to protect the confidential information of Outbrain and the combined company; outages or disruptions that impact Outbrain or the combined company or their service providers, resulting from cyber incidents, or failures or loss of our infrastructure; significant fluctuations in currency exchange rates; political and regulatory risks in the various markets in which Outbrain and the combined company operate; the challenges of compliance with differing and changing regulatory requirements; the timing and execution of any cost-saving measures and the impact on Outbrain and the combined company’s business or strategy; and the other risk factors and additional information described in the section entitled “Risk Factors”, and under the heading “Risk Factors” in Item 1A of Outbrain’s Annual Report on Form 10-K filed with the SEC on March 8, 2024 for the year ended December 31, 2023, Outbrain’s Form 10-Q filed with the SEC on August 8, 2024 for the period ended June 30, 2024, Outbrain’s Form 10-Q filed with the SEC on November 7, 2024 for the period ended September 30, 2024 and in subsequent reports filed with the SEC.

    Accordingly, you should not rely upon forward-looking statements as an indication of future performance. Outbrain cannot assure you that the results, events and circumstances reflected in the forward-looking statements will be achieved or will occur, and actual results, events or circumstances could differ materially from those projected in the forward-looking statements. The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Outbrain and the combined company may not actually achieve the plans, intentions or expectations disclosed in the forward-looking statements and you should not place undue reliance on the forward-looking statements. Outbrain undertakes no obligation, and does not assume any obligation, to update any forward-looking statements, whether as a result of new information, future events or circumstances after the date on which the statements are made or to reflect the occurrence of unanticipated events or otherwise, except as required by law.

    About The Combined Company
    Outbrain Inc. (Nasdaq: OB) and Teads combined on February 3, 2025 and are operating under the new Teads brand. The new Teads is the omnichannel outcomes platform for the open internet, driving full-funnel results for marketers across premium media. With a focus on meaningful business outcomes, the combined company ensures value is driven with every media dollar by leveraging predictive AI technology to connect quality media, beautiful brand creative, and context-driven addressability and measurement. One of the most scaled advertising platforms on the open internet, the new Teads is directly partnered with more than 10,000 publishers and 20,000 advertisers globally. The company is headquartered in New York, with a global team of nearly 1,800 people in 36 countries.

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

    Media Contact

    press@outbrain.com

    Investor Relations Contact

    IR@outbrain.com
    (332) 205-8999

    Non-GAAP Reconciliations

    The following table presents the reconciliation of Gross profit to Ex-TAC gross profit, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Revenue   $ 234,586     $ 188,953     $ 423,539     $ 889,875     $ 617,435     $ 1,507,310  
    Traffic acquisition costs     (166,247 )     (69,091 )     (235,338 )     (653,731 )     (230,831 )     (884,562 )
    Other cost of revenue (a)     (12,277 )     (26,441 )     (38,718 )     (44,042 )     (106,414 )     (150,456 )
    Gross profit     56,062       93,421       149,483       192,102       280,190       472,292  
    Other cost of revenue (a)     12,277       26,441       38,718       44,042       106,414       150,456  
    Ex-TAC Gross Profit   $ 68,339     $ 119,862     $ 188,201     $ 236,144     $ 386,604     $ 622,748  

    ___________
    (a) Other cost of revenue for Teads is subject to accounting policy harmonization.

    The following table presents the reconciliation of net income (loss) to Adjusted EBITDA, for the periods presented:

        Three Months Ended December 31, 2024   Year Ended December 31, 2024
        Outbrain   Teads   Combined   Outbrain   Teads   Combined
    Net (loss) income   $ (167 )   $ 69,613     $ 69,446     $ (711 )   $ 89,318     $ 88,607  
    Interest expense/financial costs     699     $ 116       815       3,649       1,176       4,825  
    Interest income and other income, net     (1,522 )   $       (1,522 )     (9,209 )           (9,209 )
    Gain related to convertible debt                       (8,782 )           (8,782 )
    Other financial income and (expenses)           (13,973 )     (13,973 )           (26,404 )     (26,404 )
    Provision for income taxes     3,525       16,143       19,668       2,415       38,256       40,671  
    Depreciation and amortization     4,985       3,027       8,012       19,479       12,834       32,313  
    Share-based compensation     3,974       (28,089 )     (24,115 )     15,461             15,461  
    Severance costs           393       393       742       1,593       2,335  
    Merger and acquisition costs     5,469       4,930       10,399       14,256       5,890       20,146  
    Adjusted EBITDA, excluding synergies   $ 16,963     $ 52,160     $ 69,123     $ 37,300     $ 122,663     $ 159,963  
    The Company expects to realize approximately $65 – 75 million of annual synergies in the second full year following completion of the Acquisition. (midpoint)                         70,000  
    Combined company Adjusted EBITDA (incl. synergies)                       $ 229,963  

    1Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years. Ex-TAC Gross Profit and Adjusted EBITDA are non-GAAP financial measures. See “Non-GAAP Reconciliations” below.
    2Represents estimated full year 2026 Adjusted EBITDA synergies, with further opportunities for expanded synergies in the following years

    The MIL Network

  • MIL-OSI: Bitfarms Provides January 2025 Production and Operations Update

    Source: GlobeNewswire (MIL-OSI)

    – Operational hashrate of 15.2 EH/s –
    – Energized two North American sites, Sharon PA & Baie-Comeau QC –
    – Binding LOI with HIVE for sale of 200 MW Yguazu site; Expected Q1 2025 close –
    – Acquisition of Stronghold Digital Mining on track for Q1 2025 close –
    – Signed agreements with ASG and WWT to develop HPC/AI business –

    This news release constitutes a “designated news release” for the purposes of the Company’s second amended and restated prospectus supplement dated December 17, 2024, to its short form base shelf prospectus dated November 10, 2023.

    TORONTO, Feb. 03, 2025 (GLOBE NEWSWIRE) — Bitfarms Ltd. (NASDAQ/TSX: BITF), a global Bitcoin and vertically integrated data center company, today issued its latest monthly production report. All financial references are in U.S. dollars.

    CEO Ben Gagnon stated, “2025 is off to a great start. We are on track this quarter to close both our acquisition of Stronghold Digital Mining, Inc. (“Stronghold”) and the strategic sale of our 200 MW Yguazu, Paraguay data center to HIVE Digital Technologies, Ltd. These transactions transform our energy pipeline by immediately rebalancing our portfolio to North America with great assets for both HPC and Bitcoin mining. The accretive sale of Yguazu provides meaningful capital and cost savings associated with the redeployment of miners in the US that will be applied towards our American gigawatt growth pipeline.

    “To accelerate our HPC strategy, we recently engaged two expert consultants to launch a formal evaluation of our data centers and the development of our HPC/AI business. These strategic partners are already evaluating Bitfarms energy portfolio for potential partial or total conversion to HPC/AI sites, as well as developing an accelerated sales strategy to market the sites to potential customers. The long-term contracts associated with HPC/AI customers would better monetize many of our North American energy assets with long-term, steady cash flows and earnings streams, creating a powerful and resilient portfolio that will generate shareholder value for years to come.

    “Operationally we grew our hashrate by 19% in January to 15.2 EH/s with the energization of two additional sites and further miner deployments at the Stronghold sites. Miner deliveries are ongoing in February with installations scheduled through Q2. When all miners are successfully deployed, we will have 21 EH/s installed across 15 sites in 4 countries. However, due to the underperformance of some of our T21 miners, we are derating our guidance by 14% to 18 EH/s in H1 2025. We are focused on resolving the T21 underperformance to drive better performance across all our sites. Our energy efficiency target of 19 w/TH remains unchanged. Additionally, in order to accommodate potential HPC integration into our Sharon location, the construction timeline is being pushed back from 2025 to 2026 reducing our 2025 YE energized capacity by 80 MW. When combined with the Yguazu sale, our 2025 YE energized capacity is 675 MW,” Ben concluded.

    SVP of Global Mining Operations Alex Brammer added, “The 19% increase in monthly hashrate to 15.2 EH/s was achieved by optimizing performance across seven of our data centers and continued miner deployments in the PJM region. For the month overall, our average operational hashrate only increased 1% to 11.2 EH/s, largely due to frequent winter curtailment and increases in hashrate energized later in the month. We expect to continue driving further increases in hashrate and performance through ongoing miner deployments and continued data center optimization initiatives, while taking advantage of improving weather conditions as we move into the shoulder months.

    “With the energization of our Sharon site in PJM, we are now officially in the registration process for participation in Economic Demand Response and other grid support programs offered in this deregulated market. Participation in these programs is the first step in a broader energy arbitrage strategy that we will be developing in the coming months across our PJM portfolio. This strategy will be critical to maximizing the value of our PJM assets and will be greatly facilitated by the deployment of a powerful miner and energy strategy management platform, LōD (formerly known as Lincoin).  The LōD platform is now deployed at every data center across our global fleet, and it is already driving significant improvements in operational efficiency.”

    January 2025 Select Operating Highlights

    Key Performance Indicators January 2025 December 2024 January 2024
    Total BTC earned 201 211 357
    Month End Operating EH/s 15.2 12.8 6.5
    BTC/Avg. EH/s 18 19 60
    Average Operating EH/s 11.2 11.1 5.9
    Operating Capacity (MW) 386 324 240
    Hydropower (MW) 256 256 186
    Watts/Terahash Efficiency (w/TH) 20 21 35
    BTC Sold 42 147 357
    • 15.2 EH/s operational at January 31, 2025, up 19% M/M and up 134% Y/Y.
    • 11.2 EH/s average operational, up 90% Y/Y and up 1% M/M.
    • 18 BTC/average EH/s, 5% lower M/M and 70% lower Y/Y
    • 201 BTC earned, 5% lower M/M and 44% lower Y/Y.
    • 6.5 BTC earned daily on average, equal to ~$682,500 per day based on a BTC price of $105,000 at January 31, 2025.
    • Adopted new LōD miner management software driving better performance, enabling energy trading & demand response and incorporates AI management tools.

    Bitfarms’ BTC Monthly Production

    Month BTC Earned 2025 BTC Earned 2024
    January 201 357


    January 2025 Financial Update

    • Sold 42 of the 201 BTC earned as part of the Company’s regular treasury management practice for total proceeds of $4.1 million.
    • Added 218 BTC, bringing Treasury to 1,152 BTC, up from 934 BTC last month and representing $121.0 million based on the Bitcoin price of $105,000 at January 31, 2025. This includes the repurchase of 88 BTC from Bitmain for $8.3 million, or $94,500 per BTC, in accordance with the miner upgrade agreement announced on November 12, 2024 and the transfer of 30 BTC to a third party as collateral for active derivatives contracts.

    Upcoming Conferences and Events

    • Feb 12, 2025: AGP/ Alliance Global Partners Virtual Tech Conference
    • March 17-18, 2025: 37th Annual ROTH Conference (Dana Point, CA)

    About Bitfarms Ltd.

    Founded in 2017, Bitfarms is a global vertically integrated Bitcoin data center company that contributes its computational power to one or more mining pools from which it receives payment in Bitcoin. Bitfarms develops, owns, and operates vertically integrated mining facilities with in-house management and company-owned electrical engineering, installation service, and multiple onsite technical repair centers.

    Bitfarms currently has 13 operating Bitcoin data centers, as well as hosting agreements with two data centers, in four countries: Canada, the United States, Paraguay, and Argentina. Powered predominantly by environmentally friendly hydro-electric and long-term power contracts, Bitfarms is committed to using sustainable and often underutilized energy infrastructure.

    To learn more about Bitfarms’ events, developments, and online communities:

    www.bitfarms.com
    https://www.facebook.com/bitfarms/
    https://twitter.com/Bitfarms_io
    https://www.instagram.com/bitfarms/
    https://www.linkedin.com/company/bitfarms/

    Glossary of Terms

    • Y/Y or M/M= year over year or month over month
    • BTC or BTC/day = Bitcoin or Bitcoin per day
    • EH or EH/s = Exahash or exahash per second
    • MW or MWh = Megawatts or megawatt hour
    • GW or GWh= Gigawatts or gigawatt hour
    • w/TH = Watts/Terahash efficiency (includes cost of powering supplementary equipment)
    • Synthetic HODL™ = the use of instruments that create BTC equivalent exposure
    • HPC/AI = High Performance Computing / Artificial Intelligence
    • Energized capacity= Power available
    • Operational capacity= Power and infrastructure being used for current operations
    • PJM= Pennsylvania- New Jersey- Maryland Interconnection LLC

    Forward-Looking Statements

    This news release contains certain “forward-looking information” and “forward-looking statements” (collectively, “forward-looking information”) that are based on expectations, estimates and projections as at the date of this news release and are covered by safe harbors under Canadian and United States securities laws. The statements and information in this release regarding projected growth, target hashrate, opportunities relating to the Company’s geographical diversification and expansion, deployment of miners as well as the timing therefor, closing of the Stronghold acquisition on a timely basis and on the terms as announced, the positive impact of the Stronghold acquisition and the ability to gain access to additional electrical power and grow hashrate of the Stronghold business, performance of the plants and equipment upgrades and the impact on operating capacity including the target hashrate and multi-year expansion capacity, the opportunities to leverage Bitfarms’ proven expertise to successfully enhance energy efficiency and hashrate, the benefits of diversification and other statements regarding future growth, plans and objectives of the Company are forward-looking information. Any statements that involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “prospects”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking information and are intended to identify forward-looking information.

    This forward-looking information is based on assumptions and estimates of management of the Company at the time they were made, and involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, risks relating to: the construction and operation of the Company’s facilities may not occur as currently planned, or at all; there is no guarantee that the Company will be able to complete the acquisition of Stronghold Digital Mining, Inc. on the terms as announced, or at all; expansion may not materialize as currently anticipated, or at all; the anticipated merits of the HPC/AI strategy, the benefits and programs of the PJM deregulated market and the objectives of diversification in general may not be realized as planned; efforts to improve and optimize the performance of equipment may not be successful; the digital currency market; the ability to successfully mine digital currency; revenue may not increase as currently anticipated, or at all; it may not be possible to profitably liquidate the current digital currency inventory, or at all; a decline in digital currency prices may have a significant negative impact on operations; an increase in network difficulty may have a significant negative impact on operations; the volatility of digital currency prices; the anticipated growth and sustainability of hydroelectricity for the purposes of cryptocurrency mining in the applicable jurisdictions; the inability to maintain reliable and economical sources of power for the Company to operate cryptocurrency mining assets; the risks of an increase in the Company’s electricity costs, cost of natural gas, changes in currency exchange rates, energy curtailment or regulatory changes in the energy regimes in the jurisdictions in which the Company operates and the adverse impact on the Company’s profitability; the ability to complete current and future financings; the risk that a material weakness in internal control over financial reporting could result in a misstatement of the Company’s financial position that may lead to a material misstatement of the annual or interim consolidated financial statements if not prevented or detected on a timely basis; any regulations or laws that will prevent Bitfarms from operating its business; historical prices of digital currencies and the ability to mine digital currencies that will be consistent with historical prices; and the adoption or expansion of any regulation or law that will prevent Bitfarms from operating its business, or make it more costly to do so. For further information concerning these and other risks and uncertainties, refer to the Company’s filings on www.sedarplus.ca (which are also available on the website of the U.S. Securities and Exchange Commission at www.sec.gov), including the restated MD&A for the year-ended December 31, 2023, filed on December 9, 2024. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those expressed in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended, including factors that are currently unknown to or deemed immaterial by the Company. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on any forward-looking information. The Company undertakes no obligation to revise or update any forward-looking information other than as required by law . Trading in the securities of the Company should be considered highly speculative. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. Neither the Toronto Stock Exchange, Nasdaq, or any other securities exchange or regulatory authority accepts responsibility for the adequacy or accuracy of this release.

    Additional Information about the Stronghold Acquisition and Where to Find It

    This communication relates to a proposed merger between Stronghold and Bitfarms. In connection with the proposed merger, Bitfarms has filed the registration statement with the SEC. After the registration statement is declared effective, Stronghold will mail the proxy statement/prospectus to its shareholders. This communication is not a substitute for the registration statement, the proxy statement/prospectus or any other relevant documents Bitfarms and Stronghold has filed or will file with the SEC. Investors are urged to read the proxy statement/prospectus (including all amendments and supplements thereto) and other relevant documents filed with the SEC carefully and in their entirety if and when they become available because they will contain important information about the proposed merger and related matters.

    Investors may obtain free copies of the registration statement, the proxy statement/prospectus and other relevant documents filed by Bitfarms and Stronghold with the SEC, when they become available, through the website maintained by the SEC at www sec.gov. Copies of the documents may also be obtained for free from Bitfarms by contacting Bitfarms’ Investor Relations Department at investors@bitfarms.com and from Stronghold by contacting Stronghold’s Investor Relations Department at SDIG@gateway-grp.com.

    No Offer or Solicitation

    This communication is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy, sell or solicit any securities or any proxy, vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be deemed to be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

    Investor Relations Contact:

    Bitfarms
    Tracy Krumme
    SVP, IR & Corp. Comms.
    +1 786-671-5638
    tkrumme@bitfarms.com

    Media Contact: 

    Bitfarms
    Caroline Brady Baker 
    Director, Communications   
    cbaker@bitfarms.com 

    The MIL Network

  • MIL-OSI: LeddarTech Enters Into Amendments to Credit Facility and Bridge Financing Offer

    Source: GlobeNewswire (MIL-OSI)

    QUEBEC CITY, Canada, Feb. 03, 2025 (GLOBE NEWSWIRE) — LeddarTech® Holdings Inc. (“LeddarTech”) (Nasdaq: LDTC), an automotive software company that provides patented disruptive AI-based low-level sensor fusion and perception software technology, LeddarVision™, today announced that it has entered into:

    • a fifteenth amending agreement (the “Fifteenth Amending Agreement”) with Fédération des caisses Desjardins du Québec (“Desjardins”) with respect to the amended and restated financing offer dated as of April 5, 2023 (the “Desjardins Credit Facility”), pursuant to which Desjardins has agreed to, among other things, (i) temporarily postpone payment of interest for the months of July through December 2024 until the earlier of (x) the date of the final disbursement of one or several equity investments in the borrower for minimum gross proceeds amount of US$35,000,000 in the aggregate (the “Short-Term Outside Date”), and (y) February 28, 2025; and (ii) temporarily reduce the minimum cash covenant under the Desjardins Credit Facility to C$1,000,000 until the earlier of (x) the Short-Term Outside Date, and (y) February 28, 2025, and a minimum cash balance of C$5,000,000 at all times after such date;
    • a third amending agreement (the “Third Amending Agreement”) with the initial bridge lenders and certain members of management and the board of directors (collectively, the “Bridge Lenders”) with respect to the bridge financing offer dated as of August 16, 2024 (the “Bridge Financing Offer”) pursuant to which the Bridge Lenders have agreed to, among other things, extend the maturity of the bridge loan to the earlier of (x) February 28, 2025 and (y) the business day following the Short-Term Outside Date.

    The Fifteenth Amending Agreement to the Desjardins Credit Facility also provides for a monthly payment by LeddarTech to Desjardins of C$125,000, which monthly fee is earned and payable on the first day of each month, until the Short-Term Outside Date, which must occur on or prior to February 28, 2025. The payment of the monthly fees applicable for the month of August 2024 and for the months up until (and including) January 2025 is postponed to the earlier of (x) the Short-Term Outside Date, and (y) February 28, 2025.

    The foregoing descriptions of the Fifteenth Amending Agreement to the Desjardins Credit Facility and the Third Amending Agreement to the Bridge Financing Offer do not purport to be complete and are qualified in their entirety by reference to such amendments, copies of which will be filed under LeddarTech’s SEDAR+ and EDGAR profiles at www.sedarplus.ca and www.sec.gov, respectively.

    About LeddarTech

    A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal and Tel Aviv, Israel, LeddarTech develops and provides comprehensive AI-based low-level sensor fusion and perception software solutions that enable the deployment of ADAS, autonomous driving (AD) and parking applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment to achieve better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

    LeddarTech is responsible for several remote-sensing innovations, with over 170 patent applications (87 granted) that enhance ADAS, AD and parking capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

    Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

    Forward-Looking Statements

    Certain statements contained in this Press Release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (which forward-looking statements also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements relating to LeddarTech’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) our ability to timely access sufficient capital and financing on favorable terms or at all; (ii) our ability to maintain compliance with our debt covenants, including our ability to enter into any forbearance agreements, waivers or amendments with, or obtain other relief from, our lenders as needed; (iii) our ability to execute on our business model, achieve design wins and generate meaningful revenue; (iv) our ability to successfully commercialize our product offering at scale, whether through the collaboration agreement with Texas Instruments, a collaboration with a Tier 2 supplier or otherwise; (v) changes in our strategy, future operations, financial position, estimated revenues and losses, projected costs, projects, prospects and plans; (vi) changes in general economic and/or industry-specific conditions; (vii) our ability to retain, attract and hire key personnel; (viii) potential adverse changes to relationships with our customers, employees, suppliers or other parties; (ix) legislative, regulatory and economic developments; (x) the outcome of any known and unknown litigation and regulatory proceedings; (xi) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak, as well as management’s response to any of the aforementioned factors; and (xii) other risk factors as detailed from time to time in LeddarTech’s reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors contained in LeddarTech’s Form 20-F filed with the SEC. The foregoing list of important factors is not exhaustive. Except as required by applicable law, LeddarTech does not undertake any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

    Contact:
    Maram Fityani, Media and Public Relations, LeddarTech Holdings Inc.
    Tel.: + 1-418-653-9000 ext. 623, maram.fityani@leddartech.com

    Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Holdings Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

    LeddarTech Holdings Inc. is a public company listed on the Nasdaq under the ticker symbol “LDTC.”

    The MIL Network

  • MIL-OSI: Nuvini Group Limited Reports Strong Growth in First Half 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Feb. 03, 2025 (GLOBE NEWSWIRE) — Nuvini Group Limited (Nasdaq: NVNI) (“Nuvini” or the “Company”), a leading acquirer of private SaaS B2B companies in Latin America, today announced its unaudited financial results for the first half of 2024, reflecting continued revenue growth, operational efficiencies, and financial resilience. The company will file a 6-K with the SEC today.

    Key Financial Highlights:

    • Operating Profit: R$14.2 million, a dramatic increase from R$0.3 million in the prior year period, demonstrating improved operational efficiencies and cost management.
    • Adjusted EBITDA: R$26.5 million, a 25% increase from R$21.2 million in H1 2023, reflecting improved profitability and disciplined cost control.
    • Net Revenue: R$92.2 million, a 12.5% increase compared to R$81.9 million in H1 2023.
    • Net Cash from Operating Activities: R$16.3 million, further reinforcing the Company’s ability to generate strong cash flow from its growing operations.

    “Nuvini’s H1 2024 results showcase our ability to drive sustainable growth and optimize operational performance,” said Pierre Schurmann, CEO of Nuvini. “We have made significant strides in improving profitability while continuing to expand our revenue base. Our disciplined acquisition strategy and operational enhancements are positioning Nuvini as a leader in the Latin American SaaS market.”

    Operational and Strategic Highlights:

    • Revenue Growth Across Portfolio: Increased customer retention and a growing client base contributed to the double-digit revenue growth.
    • Improved Cost Management: Sales and marketing expenses decreased by 11.6%, demonstrating greater efficiency in customer acquisition.
    • Enhanced Cash Flow: The Company’s strong net cash from operations of R$16.3 million further solidifies its ability to fund future growth initiatives.
    • Technology and Product Enhancements: Continued investments in AI-driven solutions and platform improvements, aimed at delivering enhanced value to customers.

    About Nuvini

    Headquartered in São Paulo, Brazil, Nuvini is the leading private serial software business acquirer in Latin America. The Nuvini Group acquires software companies within SaaS markets in Latin America. It focuses on acquiring profitable “business-to-business” SaaS companies with a consolidated business model, recurring revenue, positive cash generation and relevant growth potential. The Nuvini Group enables its acquired companies to provide mission-critical solutions to customers within its industry or sector. Its business philosophy is to invest in established companies and foster an entrepreneurial environment that would enable companies to become leaders in their respective industries. The Nuvini Group’s goal is to buy, retain and create value through long-term partnerships with the existing management of its acquired companies.

    Nuvini Investor Relations and Media Contact:

    Deb Toledo
    ir@nuvini.co

    Forward-Looking Statements

    Some of the statements contained in this press release include or may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws. These forward-looking statements include, but are not limited to, statements regarding the expectations, hopes, beliefs, intentions or strategies regarding the future. The forward-looking statements contained in this press release are based on current expectations and beliefs concerning future developments and their potential effects on Nuvini. There can be no assurance that future developments affecting Nuvini will be those that we have anticipated. Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan,” “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements contained in this press release include, but are not limited to, statements about the ability of Nuvini to: realize the benefits expected from this strategic partnership; achieve projections and anticipate uncertainties relating to the business, operations and financial performance of Nuvini, including (i) expectations with respect to financial and business performance, including financial projections and business metrics and any underlying assumptions, (ii) expectations regarding market size, future acquisitions, partnerships or other relationships with third parties, (iii) expectations on Nuvini’s proprietary technology and related intellectual property rights, and (iv) future capital requirements and sources and uses of cash, including the ability to obtain additional capital in the future; enhance future operating and financial results; comply with applicable laws and regulations; stay abreast of modified or new laws and regulations applying to its business, including privacy regulation; anticipate rapid technological changes; and effectively respond to general economic and business conditions.

    While forward-looking statements reflect Nuvini’s good faith beliefs, they are not guarantees of future performance. Nuvini disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, new information, data or methods, future events or other changes after the date of this press release, except as required by applicable law. For a further discussion of these and other factors that could cause Nuvini’s future results, performance or transactions to differ significantly from those expressed in any forward-looking statement, please see the section “Risk Factors” of the Registration Statement in Form F-4 filed by Nuvini with the U.S. Securities and Exchange Commission on September 6, 2023 under number 333-272688. You should not place undue reliance on any forward-looking statements, which are based only on information currently available to Nuvini.

    The MIL Network

  • MIL-OSI: Nokia selected by DE-CIX to upgrade New York’s largest Internet Exchange backbone

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Nokia selected by DE-CIX to upgrade New York’s largest Internet Exchange backbone 

    • New York’s largest Internet Exchange to receive 400GE backbone upgrade and 800GE support as network ecosystem grows, resulting in greater router flexibility and operational resilience.
    • Nokia optical solution offers improved flexibility, faster incident response times, and seamless customer experience with no service interruptions.

    3 February 2025
    New York, USA – Nokia and DE-CIX, the world’s leading Internet Exchange (IX) operator, today announced the upgrade of the backbone network for DE-CIX New York, the largest IX in NY and in the US Northeast region. The DE-CIX backbone will be upgraded to 400 Gigabit Ethernet (GE) using Nokia optical technology and redesigned in a ring topology, redundantly interconnecting the 10 data center facilities where DE-CIX infrastructure is housed and enhancing the resiliency of the platform for all participants.

    The Nokia optical solution also enables 800GE support for anticipated further growth of the IX and employs Reconfigurable Optical Add/Drop Multiplexer (ROADM) technology to ensure much greater routing flexibility, faster reaction times in the case of incidents, and a seamless customer experience without any service interruptions.

    Dr. Thomas King, CTO of DE-CIX, said: “When we began planning the upgrade of our New York backbone, we wanted to simplify our network, while also increasing the resilience of the platform. We took a detailed look at the options in the market, and Nokia was the best choice for us. We have worked with Nokia globally for more than 10 years now, and the capacity, reliability, and innovative strength of their hardware has always impressed us.”

    Within a dense wavelength-division multiplexing (DWDM) system, the ROADM technology in Nokia’s 1830 Photonic Service Switch (PSS) makes it possible to automatically reroute waves at the optical layer in any direction around the backbone. This means that incidents at any location in the network can be mitigated more rapidly and less capacity is required at the IP layer to guarantee the same level of resilience.

    James Watt, Senior Vice President and General Manager of Nokia’s Optical business, said: “In today’s connected world, staying resilient and ready to scale is a must. This upgrade to DE-CIX New York’s backbone isn’t just about supporting the largest Internet Exchange in the Northeast — it’s about shaping the future of connectivity in one of the world’s biggest markets. With Nokia’s cutting-edge optical tech, we’re ensuring networks are flexible, reliable, and ready to handle whatever comes next. Together with DE-CIX, we’re building the foundation for a limitless digital future.”

    Ed d’Agostino, Vice President DE-CIX North America, said: “This upgrade, powered by Nokia’s optical technology, allows us to future-proof our platform to best serve the New York market and start 2025 on track for further growth. With the number of data centers that we integrate, it is imperative that we have a state-of-the-art transport network with scalable capacity. DE-CIX New York is the largest IX in New York and the youngest Internet Exchange in the Top 5 largest IXs in the US. The platform covers an area spanning Long Island to the East and Piscataway and Edison to the South and West. It connects over 265 networks from across the city, with an infrastructure that spans over 40 data centers served.

    DE-CIX New York is connected to all other DE-CIX locations in North America, enabling remote peering and access to a vibrant ecosystem of networks not present in other local exchanges. The DE-CIX Internet and Cloud Exchanges in New York, Dallas, Chicago, Richmond, Houston, and Phoenix, and the dedicated Cloud Exchange in Seattle, form the largest carrier and data center neutral interconnection ecosystem in North America.

    Further, DE-CIX New York is directly connected to DE-CIX’s locations in Europe – e.g. DE-CIX Frankfurt, the largest IX in Europe – and beyond. Globally in 2025, the 30th year since the operator’s establishment, DE-CIX offers its interconnection services in close to 60 locations across Europe, Africa, North and South America, the Middle East, and Asia. Accessible from data centers in over 600 cities world-wide, DE-CIX interconnects thousands of network operators (carriers), Internet service providers (ISPs), content providers and enterprise networks from more than 100 countries, and offers peering, cloud, and other interconnection services.

    Nokia, DE-CIX and 650 Group to host webinar on 5 March 2025, 12PM EST

    Nokia will host a webinar together with DE-CIX and 650 Group on the topic of “Rewiring the Future: Conversations on Networking for an AI-Driven World”. Interested parties can join Rodney Dellinger, CTO of Webscale, Nokia, Dr Thomas King, CTO of DE-CIX, and Alan Weckel, co-founder and principal analyst of 650 Group, as they discuss what’s needed for the success of GenAI and how the network needs to evolve to deliver these services to the end users. Further information can be found here.

    Resources and additional information
    DE-CIX New York: https://www.de-cix.net/en/locations/new-york
    Product page: 1830 Photonic Service Switch (PSS)
    Webpage: Nokia Optical Networks
    Webpage: Webscale networking for AI

    About Nokia 
    At Nokia, we create technology that helps the world act together. 

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs.  

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About DE-CIX North America
    DE-CIX North America Inc., which began operations in 2014, is a wholly owned subsidiary of DE-CIX International AG, the international arm of DE-CIX, the world’s leading Internet Exchange operator. Together, the DE-CIX Internet and Cloud Exchanges in New York, Dallas, Chicago, Richmond, Houston, and Phoenix, and the dedicated Cloud Exchange in Seattle, create the largest neutral interconnection ecosystem in North America. DE-CIX provides network and data center-neutral peering and other interconnection services in North America. With access to DE-CIX North Americas’ Internet Exchanges, customers gain more control of their networks and access to world-class content providers, as well as IP transit, Virtual Private Network (VPN), and Blackholing services to mitigate the effects of DDoS attacks. DE-CIX New York is the youngest Internet Exchange in the Top 5 largest IXs in the US. It is carrier and data center-neutral and Open-IX certified. DE-CIX’s IXs are distributed across major carrier hotels and data centers throughout each metro region it serves. DE-CIX operates more access points than any other Internet Exchange operator in North America. For more information, please visit https://de-cix.net/north-america

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    DE-CIX Global Public Relations
    Judith Ellis, Nils Klute, Elisabeth Marcard, Viola Schreiber, Robert Stotzem & Carsten Titt
    Telephone: +49 (0)69-1730902-130
    Email: media@de-cix.net 

    Follow us on social media
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    The MIL Network

  • MIL-OSI: GT Protocol wraps up a busy 2024 with numerous milestones including launching AI agents Builder

    Source: GlobeNewswire (MIL-OSI)

    Peter Ionov, CEO and Co-Founder of GT Protocol

    From a successful TGE to the launch of its Global AI Executive Technology, GT Protocol’s AI agents will make AI accessible to industries worldwide and are being integrated with major brands such as Nike, Amazon, and Shein

    DUBAI, United Arab Emirates, Feb. 03, 2025 (GLOBE NEWSWIRE) — GT Protocol, a blockchain AI execution protocol building advanced AI agents, enters 2025 on a high following a momentous 2024 defined by more than 100 strategic partnerships, key hires including the creation of an AI Solutions team, and recognition from major industry platforms as a top AI token. Enhancing all GT Protocol’s milestones and achievements is the launching of its Global AI Executive Technology, a powerful suite of tools, including the AI Agents Builder and AI Agents Marketplace with personalized AI agents designed to enhance the user experience. After initially starting out as an AI-powered Web3 investment and portfolio management platform, GT Protocol introduced its Global AI Executive Technology to expand its ecosystem into non-crypto services.

    As more companies deploy advanced generative AI tools, AI agents have emerged as software systems designed to go beyond today’s expansive AI models by reasoning, planning, and executing actions completely independent of humans. A recent Google white paper on the future of AI agents concluded that for enterprises, these agents aren’t just smarter AI models or a theoretical concept. The report states they are a practical tool that can reshape how businesses function.

    As GT Protocol advances its Global AI Executive Technology by creating AI agents designed to automate complex tasks and adapt to individual preferences, it enables businesses to embed its decentralized AI technology into their platforms through the GT API SDK. GT’s AI agents aren’t just tools but rather personal systems that smoothly integrate into both crypto and non-crypto services, changing how people engage with the digital world.

    To redefine efficiency and make AI accessible to all industries, these are GT Protocol’s AI agents:

    • Personalized AI Agent Auto caller: Used for streamlining bookings, meetings, and daily tasks for individuals and businesses. The personalized AI agents can also book restaurant reservations via the auto caller feature which integrates Google Maps, a speech API, and Voice over Internet Protocol (VoIP) to provide a more intuitive experience.
    • Global AI Translator: Real-time translations of voice messages across more than 100 languages. This AI agent features grammar checks and is compatible with Telegram and WhatsApp group chats.
    • Sexuality Meme Analyzer: This fun and lighthearted AI agent enables users to take a selfie and then have their sexuality rated.
    • Trading AI Agent: Automates crypto trading while delivering unique insights and optimized portfolio management. This AI agent also conducts marketing activities and can monitor competitors.

    Despite generative AI’s revolutionary impact, common chatbots often fail to meet users’ needs due to their generic nature. GT Protocol’s AI Agents Marketplace counters this by allowing users to create or select AI agents that are customized to fit their specific desires—whether to help with personal tasks, business operations, or creative endeavors. All AI agents, whether custom-built or from GT Protocol’s existing lineup, are rigorously tested to guarantee peak performance and reliability, enhancing productivity and creativity. Furthermore, if a custom-built agent becomes popular, it can receive crowdfunding with the potential of being listed on Raydium—providing a unique opportunity for scaling and community engagement.

    Powered by its Global AI Executive Technology, GT Protocol enables users to design their own AI agents to be featured in its AI Marketplace. Its AI Agent Builder is currently in a closed testing phase but recently opened up an early access program for early adopters to sign up and engage with the systems, including the AI Agents Marketplaces. GT Protocol is currently building additional AI agents.

    In 2024 GT Protocol’s Global AI Executive Technology highlighted the end of the year but the project made noise throughout the year, starting with a successful launch of its native $GTAI token in January. The $GTAI utility token garnered much recognition throughout the year, as it was listed as “Top Gainer” on BNB Chain seven times, achieved the top ranking for AI tokens on CoinGecko twice, and was trending on CoinMarketCap.

    GT Protocol was also recognized by Forbes as a leading AI-driven crypto project and was one of the top 10 most-voted projects on Skynet and Certik. GT Protocol was very active during 2024 participating in six major global conferences, including Token2049 and EthCC2024, while its CEO and Co-Founder Peter Ionov served as a judge for seasons six and seven of HackaTRON.

    During 2024, GT Protocol was featured in 67 publications including Cointelegraph, Finance Magnates, Investing.com, Crypto.news, and other leading publications where its advancements in AI and blockchain were highlighted. As part of its mission to consistently engage with its community, GT Protocol team members participated in an unprecedented 33 X (formerly Twitter) Spaces to discuss everything from AI, blockchain, and Web3 with other industry experts.

    “We couldn’t have wished for a better 2024 and look forward to continuing on our path in 2025,” says Peter Ionov, CEO and Co-Founder of GT Protocol. “Our achievements over the past year couldn’t have been done without the unwavering support we’ve received from our dedicated community, who will always be the backbone of our expanding ecosystem. We will continue building tools and products that provide simplicity, intelligence, and user empowerment as we look to redefine what is possible in AI and blockchain.”

    “It has been a real pleasure to collaborate with GT Protocol and its amazing team over the last year plus,” says Ilan Rakhmanov, CEO and Founder of ChainGPT. “GT Protocol was one of the most promising and groundbreaking projects to come through our ChainGPT Pad and its achievements in 2024 support this. As they transition to focusing on AI agents, I have no doubt this journey will be nothing short of a great success.”

    “I greatly appreciated working with GT Protocol over the last year as they integrated our decentralized settlement layer to enhance their wonderful Web3 investment platform by facilitating cross-chain transactions using $GTAI,” says Eitan Katz, CEO and Co-Founder of Kima. “They truly are a great team with a lot of talented individuals who work together effectively, so it’s no surprise they are one of the most promising projects bridging AI and digital assets.”

    About GT Protocol:
    GT Protocol is revolutionizing the landscape with its AI Layer for Web3, targeting the onboarding of 100 million users through cutting-edge technology. The company develops AI infrastructure specifically designed for Web3 investments, trading, and portfolio management. With a robust community presence, GT Protocol is set to transform how users interact with the crypto market. For more information, visit: https://www.gt-protocol.io/

    Contact:
    Ari Karp
    ari@reblonde.com

    Disclaimer: This content is provided by GT Protocol. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dedcd6b2-66f4-4cc2-a6fd-92b19780e406

    The MIL Network

  • MIL-OSI United Kingdom: Report 03/2025: Derailment of a passenger train at Roudham Heath

    Source: United Kingdom – Executive Government & Departments

    RAIB has today released its report into the derailment of a passenger train at Roudham Heath, Norfolk, 6 February 2024.

    The train involved in the accident after it had been rerailed.

    R032025_250203_Roudham Heath

    Request an accessible format.
    If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email enquiries@raib.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

    Summary

    At around 20:53 on 6 February 2024, a passenger train travelling at 83 mph (134 km/h) through Roudham Heath, Norfolk, struck two trees which had fallen onto the track. As a result, the train derailed and travelled for around 680 metres before coming to a stop.

    One of the 31 passengers on board suffered a minor injury. There were no other injuries to the passengers or staff on the train. The train and infrastructure both suffered damage, and the line was closed for a day while repairs took place.

    The two trees were part of a forest adjacent to the railway that is owned and managed by Forestry England. One of the trees, a twin-stemmed pine tree, fell first, landing on and felling an adjacent oak tree. The pine tree suffered from a loss of root anchorage, primarily because it was standing in highly saturated, sandy soil. Because of the way the pine tree had grown and its proximity to the railway, it was more likely to land over the tracks in the event of it falling. Inspections of the trees by Network Rail and Forestry England had not identified any cause for concern, and so no action had been taken to reduce the likelihood of the tree falling.

    RAIB’s investigation identified that the risk imposed by trees standing in saturated soil was not being effectively managed by either Forestry England or Network Rail. This was an underlying factor to this accident.

    There was no significant deformation of the train’s cab structure following the collision, and an axle-mounted brake disc on the train engaged with one of the rails which helped to contain the train’s path during the derailment.

    Recommendations

    RAIB has made two recommendations, one addressed to Forestry England and one to Network Rail. Both recommendations ask the respective organisations to review their processes for inspecting and managing trees that are within falling distance of the railway, to consider the effects of high soil saturation levels on the risk of trees falling, and to make any appropriate changes.

    Notes to editors

    1. The sole purpose of RAIB investigations is to prevent future accidents and incidents and improve railway safety. RAIB does not establish blame, liability or carry out prosecutions.

    2. RAIB operates, as far as possible, in an open and transparent manner. While our investigations are completely independent of the railway industry, we do maintain close liaison with railway companies and if we discover matters that may affect the safety of the railway, we make sure that information about them is circulated to the right people as soon as possible, and certainly long before publication of our final report.

    3. For media enquiries, please call 01932 440015.

    Newsdate: 3 February 2025

    Updates to this page

    Published 3 February 2025

    MIL OSI United Kingdom