Tech News
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Yappn Partners With Hong Kong Based Ventris Capital to Expand Its Business Reach Throughout Asia
NEW YORK, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Yappn Corp. ("Yappn" or "Company") (OTCQB:YPPN), a leader in real-time language technology and translation services, is pleased to announce that it has partnered with Ventris Capital Advisors ("Ventris Capital") to increase its reach in Asia.
With strong ties to over 300 investors and corporations predominantly from the Asia Pacific region including China, Hong Kong, Taiwan, Singapore, Indonesia, Philippines, Korea and Australia, Ventris Capital, led by Co-Founder Tyler Doherty, intends to continue to expand Yappn's presence in the media, Ecommerce, customer care and brand messaging sectors throughout Asia.
Tyler Doherty states: "There are over 16 languages spoken in the Asian region and many different dialects for those languages. Yappn's platform is game-changing for businesses that want to globalize without incurring the heavy localization costs. We have already identified many companies which would benefit greatly from Yappn's real-time language and translation services that are simple and elegant and at a fraction of the cost compared to many people based services currently out in the market."
Tyler began his career at BMO Nesbitt Burns in Vancouver and prior to moving to Asia, he was a Vice-President at a private equity /family office based in Vancouver focused on investments in Chinese SMEs. His previous posts also include founder of Inishowen Partners, a boutique cross-border financial advisory firm which was responsible for investor relations and business development before being merged into Ventris Capital. Prior to founding Inishowen Partners, Tyler spent a year working at a Hong Kong publicly-listed company in the retail sector.
David Lucatch, CEO stated: "We are excited to have Ventris Capital to help support our sales efforts in Asia and consider this another valuable introduction by Winterberry Investments. Real-time language services is a huge growth opportunity throughout the region and as Yappn focuses on client acquisition, having a solid presence throughout the Asian region will support our sales expansion. Ventris Capital has strong ties with brands throughout Asia and they will help us identify the companies best suited to benefit from our Ecommerce, customer care and social language services applications."
For more information, please visit www.yappn.com.
To learn more about Why Language Matters to a growing global economy, visit our blog at www.whylanguagematters.com.
About Yappn
Yappn is a real-time multilingual company that amplifies brand and social messaging, expands online commerce and provides customer support by globalizing these experiences with its proprietary approach to language. Through its real-time multilingual amplification platform, Yappn eliminates the language barrier, allowing the free flow of communications in 67 languages.
Yappn focuses on delivering global reach and efficiencies without the need of human intervention, making the language experience immediate through all phases of Ecommerce, online events and content programming.
Yappn Corp. is publicly traded in the U.S. on the OTCQB – symbol "YPPN"
For more information, please visit http://www.yappn.com or contact:
David Lucatch, Founder and CEO
info@yappn.com
or
Jeanny So, VP, Corporate Communications
jeanny@yappn.com
T: 1.800.395.9943 x 228To be added to the news release distribution list, please email: jeanny@yappn.com with the word "News" on the subject line.
Forward Looking Information
Legal Notice and Safe Harbor Statement
This press release contains "forward-looking statements" within the meaning of Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, and those preceded by or that include the words "believes," "expects," "given," "targets," "intends," "anticipates," "plans," "projects," "forecasts" or similar expressions, are "forward-looking statements." Although Yappn Corp.'s management believes that such forward-looking statements are reasonable; it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company's future results to differ materially from those anticipated. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company's filings with the SEC including the Current Reports on Form 8-K and each subsequently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K. The Company assumes no obligation to update any of the information contained or referenced in this press release.
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EY Forges Strategic Alliance With Ebix to Strengthen Delivery of Digital Solutions in India & Bangladesh
NEW DELHI, India, Sept. 29, 2015 (GLOBE NEWSWIRE) -- EY, a global leader in assurance, tax, transaction and advisory services and Ebix, Inc. (NASDAQ:EBIX), a supplier of software and e-commerce services to the insurance, financial and healthcare industries, today announced a strategic alliance to deliver innovative technology-enabled solutions to prospective customers in the area of e-governance, health and insurance in India and Bangladesh. The relationship draws from the common belief in the power of digital solutions in bringing about a transformative change in businesses that will result in better returns to both the customer and the enterprise.
EY advises and provides solutions to clients on digital transformation, including strategy, analytics, risk and cyber-security, customer experience etc. The strategic collaborative effort will focus on assisting customers including government bodies / ministries as well as public and private sector enterprises.
The alliance would leverage on the partners' respective strengths, including EY's experience and reputation as a leader in providing advisory services, its thought leadership and ability to lead large-scale transformation programs, while Ebix has subject matter expertise in the area of software and e-commerce solutions to customers for removing barriers to digital adoption, improving customer experience, and maximizing their return on investment in digital technologies.
The joint-go-to-market initiative shall include working together with a goal to be the thought leaders in the area of e-governance, health and insurance.
Among other areas, the strategic relationship will focus on:
- e-governance projects of government bodies / ministries (including central, state and local bodies);
- Niche A.D.A.M. suite of healthcare products in the area of consumer health, health education, continuing medical education, pharmacy & life sciences and coming out with specific solutions aiming at improving health ecosystem in India and Bangladesh;
- Mobile devices and technology in coming out with innovative healthcare provisioning (e-health, m-health, etc.);
- End-to-end Life and General insurance solutions for various public and private sector insurance companies;
- Developing innovative thinking in the area of primary healthcare delivery model;
- Establishing co-innovation capabilities on a host of advanced applications in the area of health and insurance; and driving customers' business advantage from the "internet of things";
- Delivering cutting edge technology solutions to clients in the insurance and allied areas using Ebix technologies and EY's business advisory and technology consulting skills.
Says Rajiv Memani, Chairman, EY India, "Digital is transforming the way business is done, providing multiple opportunities for organizations to take advantage of disruptive changes. We have been advising clients in the identification, development and adoption of better digital solutions to integrate in their business models. Ebix's focus on progressive technologies and its capabilities in delivering digital solutions, we believe, will enable us to help clients better as on their digital agenda."
Ebix President & CEO, Robin Raina said, "We are excited to be teaming together with EY on this strategic initiative. We recognize the advisory experience, thought leadership, market reach and large project management experience that EY brings to the table. We believe that this collaborative go-market effort is uniquely positioned to target large Private sector & Government projects and provide end-to-end solutions to them."
Notes to Editors
About EY
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.
This news release has been issued by EY Services Limited, a member of the global EY organization that also does not provide any services to clients.
About Ebix, Inc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries, Ebix, Inc., (NASDAQ:EBIX) provides end-to-end solutions ranging from infrastructure exchanges, carrier systems, agency systems and risk compliance solutions to custom software development for all entities involved in the insurance industry.
With 40+ offices across Brazil, Singapore, Australia, the US, UK, New Zealand, India and Canada, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of insurance and technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company's website at www.ebix.com.
CONTACT: Priti Bhutani +91 9810995350 priti.bhutani@in.ey.com Aaron Tikkoo 678-281-2027 atikkoo@ebix.com
- e-governance projects of government bodies / ministries (including central, state and local bodies);
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Adaptive Medias Announces Exclusive Strategic Partnership With Communly
IRVINE, Calif., Sept. 29, 2015 (GLOBE NEWSWIRE) -- Adaptive Medias, Inc. (OTCQB:ADTM), a video technology company that supports publishers, content producers and brand advertisers, today announced that it has exclusively partnered with Communly (www.communly.com), a social network that creates highly engaged communities while allowing influencers to understand their demographic and identify trends within their respective communities. Adaptive Medias expects to realize initial revenues from this contract during the first quarter of 2016.
With this new partnership, Communly will leverage Adaptive Media's ad-tech platform Media Graph for its digital content management, mobile-first video player, and ad serving and monetization capabilities. The partnership will open the door to thousands of digital influencers and their hundreds of millions of loyal followers to connect safely in one central platform on Communly.
Communly is a dedicated social network that allows audiences to connect around topics they're most passionate about with their favorite digital celebrity. Communly's CEO and co-founder, Alaxic Smith, exposed a flaw in the cyber security of the Kardashian sisters' sites and apps, which went live this month. The company behind the sites, Whalerock Digital Media, has since fixed the problem, but Alaxic's discovery led to some controversial numbers when it came to the number of app downloads for each Kardashian, as noted on TechCrunch. Communly's other co-founder, Taj Stansberry, is a famed American director and photographer, who is credited with having the most watched female music video of all time on YouTube -- Jennifer Lopez' "On the Floor" -- with more than 800 million views.
Communly Co-Founder Alaxic Smith said, "Adaptive's Media Graph platform will enable us to enhance our social network's content offerings and enable increased engagement of fans and their favorite celebrities on the communly platform. It's no secret that digital video is in high demand, so we're planning to use video intelligently and offer it to our audiences in an unintrusive way. This will help our influencers to safely connect with their audiences and avoid issue of data leakage."
Adaptive Medias' CEO John B. Strong said, "Alaxic Smith is a visionary and entrepreneur who developed the concept of Communly at an early age. We believe Alaxic will be at the forefront of the next disruption in social media. Alaxic and his cofounder Taj Stansberry understand the immense value of organizing people into communities of similar interests. Additionally, their partnership with Adaptive Medias, and its proprietary Media Graph platform will give them the powerful technology resources they need to be the leaders in creator content."
Strong continued, "It's clear that digital content today is similar to the film libraries of the past, providing streams of revenue for years to come, just as old episodes of television shows have done in syndication. Communly's platform will be at the forefront of the shift for creators to archive, showcase, and monetize their content across the digital spectrum in a secure environment."
ABOUT COMMUNLY
Communly, founded in 2012, is the best place to build or grow a highly engaged fan base. Having large numbers of followers on other platforms looks good, but what matters is how those followers convert to actual revenue for creators to keep creating. Communly is committed to building technology that creates highly engaged communities, while allowing teams and individuals to understand their demographic and identify trends within their respective communities. For more information, please visit www.communly.com.
ABOUT ADAPTIVE MEDIAS, INC.
Adaptive Medias, Inc. (ADTM) is a leading provider of mobile video delivery and monetization solutions for publishers, content producers and advertisers. The company's comprehensive mobile video technology platform, Media Graph, facilitates the delivery of integrated, engaging video content and impactful ad units across all screens and devices. Adaptive Medias is one of the first companies to offer clients a digital video player built specifically for the mobile world. For more information, please visit www.adaptivem.com. Follow the Company on Twitter @adaptive_m.
SAFE HARBOR STATEMENT
This Press Release may contain certain forward-looking statements within the meaning of the Securities Litigation Reform Act of 1995. Adaptive Medias, Inc. has tried, whenever possible, to identify these forward-looking statements using words such as "anticipates," "believes," "estimates," "expects," "plans," "intends," "potential" and similar expressions. These statements reflect Adaptive Medias' current beliefs and are based on information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause Adaptive Medias' actual results, performance or achievements to differ materially from those expressed in or implied by such statements. Adaptive Medias undertakes no obligation to update or provide advice in the event of any change, addition or alteration to the information contained in this Press Release including such forward-looking statements.
CONTACT: Investor Contact at Adaptive Medias: Max Pashman mpashman@irpartnersinc.com Phone: 818-280-6800 PR Contact at Communly: Taj Stansberry taj@communly.com
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With Varonis, Central Connecticut State University Intelligently Empowers Professors and Staff With Control Over Data Access
NEW YORK, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Central Connecticut State University (CCSU), a regional, comprehensive liberal arts public university, was required to report twice a year on who had access to what file shares – the process the school had in place was inefficient and frustrating. With student employees moving in and out of the university every year, and academic departments constantly shifting, understanding access privileges and ensuring that the right people did or did not have access was essential, but running reports on this on a regular basis was not feasible. The school needed a solution that could be trusted to automate the process.
The search led CCSU's IT team to Varonis Systems, Inc. and its DatAdvantage for Windows and DataPrivilege solutions. Varonis (NASDAQ:VRNS) is the leading provider of software solutions for unstructured, human-generated enterprise data. CCSU's IT team is now able to put control over file access in the hands of data owners, such as academic professors or supervisors, eliminating much of the burden previously placed on their team. They are also able to run fast reports that allow them to keep an eye on these access privileges and ensure that no one is getting access to data that they do not need.
Faster, Precise Data Permissions
With DatAdvantage, the CCSU IT team can easily identify everyone at the university who has access to each folder and alter those permissions if necessary. File activity is logged in a single interface for their IT team, providing a window into who has the access to data, who has accessed it, and when. With DataPrivilege operating in tandem with DatAdvantage, CCSU is able to take an important, and crucial, step further. DataPrivilege gives business users (CCSU professors and general employees) the ability to review, grant and revoke access to folders that they oversee through an easy-to-use web application.
According to Rick Johnson, Systems Administrator at CCSU, "One of the biggest complaints we get at CCSU, as is the case at most universities, is about the amount of time that it takes for individuals' access rights to get removed after they leave or switch departments, or for new people to get access. Once we showed everyone that they could now manage these permissions themselves without calling the IT help desk and with almost an immediate turnaround, employees became proponents of the Varonis software and are happy to utilize it."
Mitigating Risk with a Least-Privilege Access Model
Beyond improving the file permissions workflow for IT and data owners, DatAdvantage and DataPrivilege also give CCSU's IT team peace of mind in the security of the sensitive data that resides in these files. By allowing CCSU IT to conduct frequent, fast audits on data access, the software keeps them abreast of any holes in the permissions structure and any employees who have access to more data than they need to do their job. Eliminating these excess permissions greatly reduces the risk of accidental or intentional leakage of any sensitive data.
According to Donna Stevenson, Operations and Database Support Specialist at CCSU, "In today's world, we really have to understand our data and who is responsible for it in order to keep it secure, and placing access management in the hands of data owners with Varonis DataPrivilege has made this process incredibly easier for us."
Additional Resources
- Read the CCSU Case Study here.
- For more information on Varonis' solution portfolio, please visit www.varonis.com.
- Join the Varonis conversation on Facebook, LinkedIn, Twitter, and YouTube.
About CCSU
Central Connecticut State University is a regional, comprehensive public university dedicated to learning in the liberal arts and sciences and to education for the professions. Comprising four schools--Business; Education & Professional Studies; Graduate Studies; and Science, Engineering & Technology, in addition to the Carol Ammon College of Liberal Arts & Social Sciences--CCSU offers undergraduate and graduate programs through the Master's and sixth-year levels and the Ed.D. in Educational Leadership. Committed to offering Connecticut citizens access to distinctive academic programs of high quality, the University is also a responsive and creative intellectual and economic resource for the people and institutions of our state's Capitol Region. More than 85 percent of CCSU graduates remain in Connecticut, contributing to the intellectual, cultural and economic health of the state.
About Varonis
Varonis is the leading provider of software solutions for unstructured, human-generated enterprise data. Varonis provides an innovative software platform that allows enterprises to map, analyze, manage and migrate their unstructured data. Varonis specializes in human-generated data, a type of unstructured data that includes an enterprise's spreadsheets, word processing documents, presentations, audio files, video files, emails, text messages and any other data created by employees. This data often contains an enterprise's financial information, product plans, strategic initiatives, intellectual property and numerous other forms of vital information. IT and business personnel deploy Varonis software for a variety of use cases, including data governance, data security, archiving, file synchronization, enhanced mobile data accessibility and information collaboration. As of June 30, 2015, Varonis had approximately 3,750 customers, spanning leading firms in the financial services, public, healthcare, industrial, energy & utilities, technology, consumer and retail, education and media & entertainment sectors.
CONTACT: News Media Contact: Natalie Rizk CTP 617-412-4000 x227 nrizk@ctpboston.com
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RegEd to Participate in 2015 FINRA Advertising Regulation Conference and Host Client Advisory Board
Raleigh, NC, Sept. 29, 2015 (GLOBE NEWSWIRE) -- RegEd, the leading provider of compliance and risk management technology to broker-dealers and other financial services firms, including the industry-leading Advertising Review solution, announced its participation in the 2015 FINRA Advertising Regulation Conference in Washington, DC, on October 8-9, 2015.
FINRA's Advertising Regulation Conference provides a forum to learn about practical changes and new developments involving communications rules, and the opportunity to gain guidance on the advertising standards from industry and FINRA experts.
"In today's evolving industry, managing the advertising review, approval and document management processes can present significant challenges for financial services firms," stated Nicole Klemm, RegEd's Advertising Review Product Manager. "The process must fully address compliance requirements pursuant to FINRA Rule 2210 and other customer communication regulations, while facilitating a seamless review process that enables all stakeholders to increase the quality and effectiveness of the firm's marketing communications, while speeding time to market."
Klemm continued, "The FINRA Advertising Regulation Conference provides an important forum for regulators, industry firms and solution providers, like RegEd, to engage in dialogue about evolving regulation and solving the related compliance and operational challenges."
Prior to the start of the conference, RegEd will host its Advertising Review Client Advisory Board (CAB). The CAB will focus on best-practice implementation of recent and upcoming enhancements to RegEd's Advertising Review Enterprise solution, while providing an important forum for RegEd's Advertising Review product roadmap and future innovation.
The RegEd booth will be located in the main exhibit hall of the Renaissance Washington, DC Downtown Hotel.
About RegEd
RegEd is a leading provider of compliance technology solutions with relationships with more than 400 enterprise clients, including 80% of the top 25 broker-dealers and top 25 insurance companies. Established in 1994 by former regulators, the company is a recognized industry authority and has created the standard of excellence for rule-based and content-driven compliance automation for insurance companies, investment advisors and broker-dealers. RegEd solutions drive new levels of operational efficiency and enable firms to cost-effectively comply with regulations and mitigate risk. For more information, visit www.reged.com.
CONTACT: Eric Clements, 412-335-2281
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Skkynet Teams with Red Lion Controls to Expand Secure IIoT Services
Mississauga, Ontario, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Skkynet Cloud Systems, Inc. ("Skkynet" or "the Company") (OTCQB: SKKY), a global leader in real-time cloud information systems, announces a new collaboration with Red Lion Controls that provides industrial automation engineers and managers with highly secure, real-time communication that seamlessly integrates with the Industrial Internet of Things (IIoT). The collaboration employs Skkynet's Embedded Toolkit (ETK) in combination with Red Lion's Sixnet® series IndustrialPro® cellular routers and Data Station Plus protocol converters. Together, the system supports over 300 industrial protocols to link devices to Skkynet's SkkyHub™ for secure, bidirectional, real-time communication.
"There are a number of major hurdles to becoming IIoT-ready, most importantly security and multi-protocol communication," said Paul Thomas, President of Skkynet. "A primary objective of this collaboration was to integrate our ETK on Red Lion's IndustrialPro cellular routers, thereby providing secure connectivity to SkkyHub, with no open firewall ports, VPN or programming required. The end result is secure, real-time monitoring, control, networking, and big data collection at a far lower total cost of ownership (TCO)."
"Becoming IIoT-ready can be a daunting task for many organizations with legacy devices that do not speak the same language," said Brian Rosema, director of IIoT strategy for Red Lion Controls. "With support for more than 300 industrial protocols, our Data Station Plus protocol converters and rugged cellular routers work in tandem with SkkyHub to connect devices, thereby improving process visibility and pushing control to the edge. The result is a robust, fully integrated IIoT solution that connects virtually any device to any other device or user."
Skkynet's SkkyHub service provides secure, end-to-end bidirectional connectivity between the Sixnet IndustrialPro series routers and end users at all levels, from operators and plant engineers to managers, analysts, and customers. The service is capable of handling over 50,000 data changes per second per client, at speeds just a few milliseconds over Internet latency. Secure by design, it requires no VPN, no open firewall ports, no special programming, and no additional hardware.
About Red Lion Controls
As the global experts in communication, monitoring and control for industrial automation and networking, Red Lion Controls has been delivering innovative solutions to customers for over forty years. Our automation, Ethernet and cellular M2M technology enables companies worldwide to gain real-time data visibility that drives productivity. Product brands include Red Lion, N-Tron and Sixnet. With headquarters in York, Pennsylvania, the company has offices across the Americas, Asia-Pacific and Europe. Red Lion is part of Spectris plc, the productivity-enhancing instrumentation and controls company. For more information, please visit www.redlion.net.
About Skkynet Cloud Systems, Inc.
Skkynet Cloud Systems, Inc. (OTCQB: SKKY) is a global leader in real-time cloud information systems. Skkynet Connected Systems include the award-winning SkkyHub™ service that collects, processes, and distributes real-time information over networks, locally and remotely, as well as DataHub® and WebView™ proven middleware products that enable real-time data integration and distribution for industrial, embedded, and financial systems. These services and products allow data-intensive organizations to safely and securely manage, supervise, and control industrial processes, embedded devices, and financial information systems, with no programming required. Customers include Microsoft, Siemens, ABB, Honeywell, IBM, GE, Statoil, Goodyear, BASF, Cadbury Chocolate, and the Bank of Canada. For more information, see http://skkynet.com.
Safe Harbor
This news release contains "forward-looking statements" as that term is defined in the United States Securities Act of 1933, as amended and the Securities Exchange Act of 1934, as amended. Statements in this press release that are not purely historical are forward-looking statements, including beliefs, plans, expectations or intentions regarding the future, and results of new business opportunities. Actual results could differ from those projected in any forward-looking statements due to numerous factors, such as the inherent uncertainties associated with new business opportunities and development stage companies. We assume no obligation to update the forward-looking statements. Although we believe that any beliefs, plans, expectations and intentions contained in this press release are reasonable, there can be no assurance that they will prove to be accurate. Investors should refer to the risk factors disclosure outlined in our annual report on Form 10-K for the most recent fiscal year, our quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.
CONTACT: Skkynet Cloud Systems, Inc. Paul E. Thomas, President Office: (888) 628-2028 Fax: (888) 705-5366 Web: http://skkynet.com Email: ir@skkynet.com
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NetSol Technologies Signs Two New Agreements in China to Provide Finance and Leasing Software Solution
CALABASAS, Calif., and BEIJING, Sept. 29, 2015 (GLOBE NEWSWIRE) -- NetSol Technologies, Inc. (Nasdaq:NTWK), a global business services and enterprise application solutions provider, was selected by Taiwan Acceptance Corporation Finance Leasing Co., Ltd. ("TAC Leasing"), an entity approved by the China Ministry of Commerce, and Yulon Auto Finance Company ("Yulon"), an entity approved by the China Banking Regulatory Commission, to implement applications of the NetSol Financial SuiteTM. Both companies are affiliated with the Taiwan Acceptance Corporation, and Yulon is the first auto finance company in China to receive investment from the Taiwan Group.
TAC Leasing will implement the NetSol Financial Suite Credit Application Processing System (CAP) and Contract Management System (CMS) for retail business operations. Yulon will implement CAP, CMS and the Wholesale Finance System (WFS) as its core business solution. The agreements have a combined value of approximately $3.0 million, which include business process consulting, customization and on-site implementation services, and are expected to be completed within the next six months.
"We are proud to have been selected by TAC Leasing and Yulon to help further their growth objectives in China," said Najeeb Ghauri, CEO of NetSol. "These new contracts further our market leadership position in the asset finance and leasing sector in China, and represent the trust in our people, process and systems to manage vital business functions. With new companies entering the market and the encouragement of financing and leasing by the Chinese government, we remain highly confident about our prospects moving forward."
In 2015, NetSol was awarded "First Rate and Best Selling Finance and Leasing Solution Provider" at the annual China Leasing Summit for the third consecutive year.
About NetSol Technologies
NetSol Technologies, Inc. (Nasdaq:NTWK) is a worldwide provider of IT and enterprise software solutions primarily serving the global leasing and financing industry. The Company's suite of applications are backed by 40 years of domain expertise and supported by a committed team of more than 1000 professionals placed in eight strategically located support and delivery centers throughout the world. To sign up to receive news alerts and regulatory filing notifications, please visit http://ir.netsoltech.com/email-alerts.
Forward-Looking Statements
This press release may contain forward-looking statements relating to the development of the Company's products and services, future operation results, the market in China, implementation time frames, including statements regarding the Company that are subject to certain risks and uncertainties that could cause actual results to differ materially from those projected. The words "expects," "anticipates," variations of such words, and similar expressions, identify forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, but their absence does not mean that the statement is not forward-looking. These statements are not guarantees of future performance and are subject to certain risks, uncertainties, and assumptions that are difficult to predict. Factors that could affect the Company's actual results include the progress and costs of the development of products and services and the timing of the market acceptance. The subject Companies expressly disclaim any obligation or undertaking to update or revise any forward-looking statement contained herein to reflect any change in the company's expectations with regard thereto or any change in events, conditions or circumstances upon which any statement is based.
Investor Contacts:
PondelWilkinson
Matt Sheldon | investors@netsoltech.com
(310) 279-5980Media Contacts:
PondelWilkinson
George Medici | gmedici@pondel.com
(310) 279-5968 -
More Than 80 Percent of Information Security Decision Makers Experienced File Data Leakage Incidents, Yet 84 Percent Expressed Moderate to no Confidence in Their Capacity to Secure Confidential Files
"State of File Collaboration Security" report highlights risks, threats and investment across North American mid-tier and large enterprises
SAN JOSE, Calif., Sept. 29, 2015 (GLOBE NEWSWIRE) -- FinalCode, Inc., the innovator in enterprise file security for a connected world, announced today that it has published the 2015 State of File Collaboration Security report, available for download at www.finalcode.com/en/fsreport/. Independent research for the report was conducted by Enterprise Management Associates (EMA) and offers key insights into file data leakage risks and incidents; security process and control maturity; perceived cloud-based file platform threats; and investments to preempt and contain file access and usage exposures. Survey respondents are comprised of information security decision makers in mid-tier and large enterprise organizations spanning multiple industries in North America.
Key findings of the report revealed that all responding organizations expressed significant concern for risk of data leakage due to inappropriate sharing or unauthorized access to files containing sensitive, confidential or regulated information. Correspondingly, more than 80 percent of survey participants were aware of data leakage incidents in their organizations. While the majority of IT organizations have enhanced technical controls and auditing, only 16 percent of the respondents felt highly confident in their file security investments – indicating an underlying insecurity in monitoring and enforcement capability. Fortunately, the vast majority of respondents, across IT, security and line of business roles, indicated that their organization plans to invest in stronger security controls.
The complete report and infographic can be downloaded at http://www.finalcode.com/en/fsreport/.
Join David Monahan, research director of risk and security management at EMA, and Scott Gordon, chief operating officer at FinalCode, on October 7, 2015 at 7 a.m. PDT / 2 p.m. GMT as they share findings, recommendations and innovative controls during the webinar, "File Insecurity, the Final Data Leakage Frontier." Register at: www.finalcode.com/en/fswebcast/.
Finding Highlights
As evidenced in the survey results, the growth of cloud and mobile computing, the ease at which files can be shared and the diversity of collaboration methods, applications and devices have all contributed to the frequency of file data leakage incidents. More so, the expansion of industry and government compliance mandates toward data security, and specifically safeguarding personally identifiable information (PII), has spurred companies to take action and investigate how to extend policies, processes and controls to further protect sensitive information within and outside an organization.
The survey and analysis of more than 150 respondents from mid-tier and large enterprises was completed by EMA in September 2015. It illustrates the nature of perceived file security threats and defenses within North American organizations. Survey highlights are:
- All organizations, across IT, security and line of business roles, are concerned about file data leakage risks, and 75 percent expressed very high to high concern
- 84 percent of participants had moderate to no confidence in their security controls and auditing capacity to secure confidential files
- More than 80 percent of survey participants experienced file data leakage incidents in their organization, and half expressed frequent incidents
- Inappropriate file sharing with others inside the organization, with those outside the organization, and through malware and hackers were cited as the most likely causes of data leakage
- More than 90 percent of respondents stated the lack of protection of files leaving cloud-based platforms or device containers as the highest risk to adopting cloud-based file storage and collaboration services
- While policy development and legal enforcement are foundational file security defenses, organizations plan to increase user awareness training and purchase additional security technology
- Email Gateway/Proxy and Data Loss Prevention (DLP) technologies were the top mature controls, while file encryption and usage control software was cited as the top upcoming control investment
- 70 percent of respondents believed that end users would invoke stronger security controls on files they share if empowered to do so
"Data dissemination and file collaboration are natural parts of most business and operational workflows, so must security be an integral part of the workflow to protect information. Unfortunately, protecting sensitive and regulated data within shared files remains a significant exposure within many organizations," said David Monahan, research director of risk and security management at EMA. "Our survey findings clearly show a gap between file security policies and practices and the efficacy of technical controls in place to monitor and enforce compliance to the existing policies. This lack of capability to control unstructured data as it moves through its lifecycle will not only yield more data privacy breaches but will impact the adoption of advanced enterprise and cloud content management systems."
"We are pleased to sponsor the 2015 State of File Collaboration Security report conducted by Enterprise Management Associates. The findings serve as useful metrics on the state of perceived risk, actual threats and control investments to protect files as companies extend their content management and collaboration strategies," said Scott Gordon, chief operating officer at FinalCode. "The independent research clearly validates the need for easy, flexible and persistent file security capabilities as exemplified in the FinalCode platform."
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EMA Research publishes 2015 State of File Collaboration Security report. Get it now compliments of FinalCode www.finalcode.com/en/fsreport/.
About FinalCode, Inc.
FinalCode offers organizations the ultimate means to secure sensitive files wherever they go within and outside the corporate network. Available as a SaaS or virtual appliance offering, FinalCode delivers enterprise-grade file security that works with popular applications, file storage, devices, cloud and content management systems and across all communication channels: trusted, untrusted, private or public. The solution allows for user-defined and corporate policy-enforced file security with an extensive array of granular controls and the ability to remotely delete files. The company's patented CryptoEase™ technology streamlines file security and encryption processes without requiring the user to remember passwords, and by dramatically reducing key management overhead, makes implementation of FinalCode rapid and scalable. Headquartered in San Jose, California, FinalCode offers its solutions through its global network of authorized partners. Learn more at http://www.finalcode.com.
About Enterprise Management Associates
Enterprise Management Associates (EMA) is a leading industry analyst firm that provides deep insight across the full spectrum of IT and data management technologies. EMA analysts leverage a unique combination of practical experience, insight into industry best practices, and in-depth knowledge of current and planned vendor solutions to help its clients achieve their goals. Learn more about EMA research, analysis, and consulting services for enterprise line of business users, IT professionals and IT vendors at www.enterprisemanagement.com or blogs.enterprisemanagement.com. You can also follow EMA on LinkedIn, Twitter, and Facebook.
©2015 FinalCode, Inc. is a privately held Delaware corporation. FinalCode, CryptoEase and the FinalCode logo, are trademarks or registered trademarks of FinalCode. Other names mentioned may be trademarks of their respective owners.
CONTACT: Media contact: Deb Montner Montner Tech PR 203-226-9290 dmontner@montner.com
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Informatica Announces $1 Million Big Data Ready Challenge to Help Organizations Succeed in Big Data Projects
Booth #337, Strata + Hadoop World, New York City, NY, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Informatica, the world's number one independent software provider focused on delivering transformative innovation for the future of all things data, today announced its $1 Million Software and Services Big Data Ready Challenge to help organizations overcome the challenges of taking their big data projects from pilot to production. Through the contest, Informatica will award a total of at least US$1 million in software and services to help qualifying organizations in North America deliver clear business value from their big data initiatives. Six finalists and two winners each quarter will be selected during the next 12 months, and a grand prize winner will be picked at the Big Data Ready Fall Summit in December 2016.
- Entries are being accepted now through November 1, 2016 here.
- The contest is subject to rules that may be found here.
The judges for the Contest include:
- Professor Tom Davenport, President's Distinguished Professor of Information Technology and Management at Babson College.
- Dr. Claudia Imhoff, President and Founder of the Boulder BI Brain Trust and Intelligent Solutions, Inc. A thought leader, visionary, and practitioner in the rapidly growing fields of business intelligence and advanced analytics.
- David S. Linthicum is a consultant at Cloud Technology Partners and an internationally recognized industry expert and thought leader.
- Mark Smith, CEO and Executive Chief Research Officer, Ventana Research.
- Amit Walia, EVP and Chief Product Officer, Informatica.
- Ray Wang, Principal Analyst, Founder and Chairman, Constellation Research.
Additionally, Informatica introduced the Informatica Big Data Management framework, the most comprehensive hybrid data management approach to manage all things big data. Informatica Big Data Management framework is a holistic approach to managing big data, which includes a comprehensive view focused on three pillars required for big data management solutions.
Data Integration
Big data integration must deliver high-throughput data ingestion and at-scale processing so business analysts can make better decisions using next-generation analytics tools. Big data integration helps businesses gain better insights from big data because it:
- Speeds up development, leverages existing IT skills, and simplifies maintenance through the use of a simple visual interface supported by easy-to-use templates.
- Increases performance and resource utilization by optimizing data processing execution and providing flexible, hybrid deployment across a variety of platforms.
- Handles a wide variety of data sources though hundreds of pre-built transformations and connectors, and orchestrates data flows by using broker-based data ingestion.
Data Governance and Data Quality
End-to-end big data governance and quality means business and IT users can be confident with the data they are using. Comprehensive data governance includes:
- Formal data quality assessments to detect data anomalies sooner.
- Pre-built data quality rules to ensure data is "fit-for-purpose."
- Universal metadata catalog to facilitate search and automate data processing.
- Entity matching and linking to enrich master data, such as for customers.
- End-to-end data lineage for data provenance, traceability and compliance audits.
Data Security
Risk-centric big data security analyzes all data to quickly detect and act upon risks and vulnerabilities. This requires a 360-degree view of sensitive data, supported by risk analytics and policy-based protection of data at risk. Additionally, data preparation is required to ensure that big data is consistent and of high quality. Big data security should de-identify information controlled by corporate policies and industry regulations. Risk-centric big data security and data preparation must enable:
- "Single pane of glass" monitoring of sensitive data stores to provide visibility into the locations of sensitive data.
- Sensitive data discovery and classification for a comprehensive 360-degree view of sensitive data.
- Usage and proliferation analysis for a precise understanding of data risk.
- The integration of disparate applications to easily process and analyze data, leading to insights that help organizations make better decisions.
- Risk assessment to help prioritize investments in security programs.
- Non-intrusive persistent and dynamic data masking to protect sensitive data in development and production environments to help minimize the risk of a security breach.
Supporting Quotes:
"During my discussions with organizations worldwide, they have highlighted their big data management challenges, and one of the greatest challenges they face is successfully capitalizing on the true potential of big data in their enterprises," said Amit Walia, executive vice president and chief product officer, Informatica. "Informatica is key to making that happen, particularly now that we are offering more than $1 million in software and services to help selected companies overcome their big data challenges. We want to partner with customers who want to harness big data to deliver significant business results, to eradicate cancer, to solve world hunger issues, to aid in space exploration, to further connect the citizens of the planet and beyond. We invite organizations that have North American data centers to bring us their biggest big data management challenges so we can solve it together to make the world a better place."
"Cox Automotive is comprised of over two dozen companies, including AutoTrader, Manheim and Kelley Blue Book. Each of these companies produces and consumes a massive amount of data that is even more valuable when shared among them," said Ben Garrett, director, Enterprise Data Services Architecture and Operations, Cox Automotive. "Big Data Management helps us consolidate, integrate, govern and secure all data at scale in what we've called an "Analytics Hub" and make it available for everyone to use, to help build out new and better products."
According to research directors, Eric Thoo and Lakshmi Randall, in the Gartner Magic Quadrant for Data Integration Tools report, published July 29, 2015, "Data acquisition for business intelligence (BI), analytics and data warehousing --Extracting data from operational systems, transforming and merging that data, and delivering it to integrated data structures for analytics purposes. The variety of data and context for analytics is expanding as emergent environments -- such as NoSQL and Hadoop distributions for supporting big data, in-memory DBMSs, logical data warehouse architectures and end-user capability to integrate data (as part of data preparation) -- increasingly become parts of the information infrastructure."
The Informatica ecosystem has expressed its support for Informatica Big Data Management. For more on what customers Cox Automotive, Jones Lang LaSalle, Kaiser Permanente, KPN and Symphony Health Solutions, and partners Cisco, Cloudera, Cognizant, Hortonworks, MapR Technologies and Teradata have said, read the "Informatica Customers and Partners Support Informatica Big Data Management" quote sheet here.
Additional Information
- Informatica Big Data Management will be showcased at the Informatica booth (#337) at Strata + Hadoop World, September 29 - October 1, 2015, at the Javits Center, New York City, NY.
- Murthy Mathiprakasam, principal product marketing manager for Informatica's big data products, will join with Vishal Bamba, vice president of strategy and architecture at Transamerica Technology, in highlighting big data architecture and management in a session titled, "Delivering Trusted Data for Analyst Autonomy and Operational Agility With a Unified Big Data Fabric" on Wednesday, September 30, at 2:05 p.m., in 1 E14.
- Amit Walia will speak with Wikibon analysts on theCUBE on October 1, at 11:00 am ET. #BigDataNYC
Tweet this: News: @Informatica announces $1 million #BigData Ready #contest details here http://infa.media/BigDataReadyPage
About Informatica
Informatica is a leading independent software provider focused on delivering transformative innovation for the future of all things data. Organizations around the world rely on Informatica to realize their information potential and drive top business imperatives. More than 5,800 enterprises depend on Informatica to fully leverage their information assets residing on-premise, in the Cloud and on the internet, including social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at https://www.linkedin.com/company/Informatica, https://twitter.com/Informatica and https://www.facebook.com/InformaticaLLC.
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Note: Informatica and Informatica Big Data Management are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
CONTACT: Debbie O'Brien Informatica +1 650 385 5735 - office +1 650 995 6736 - mobile dobrien@informatica.com Shira Frantzich Informatica +1 650 385 5674 - office sfrantzich@informatica.com
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Informatica Customers and Partners Support Informatica Big Data Management
Booth #337, Strata + Hadoop World, New York City, NY, Sept. 29, 2015 (GLOBE NEWSWIRE) -- Informatica, the world's number one independent software provider focused on delivering transformative innovation for the future of all things data, today introduced the Informatica Big Data Management framework, the most comprehensive hybrid data management approach to manage all things big data. Informatica Big Data Management framework is a holistic approach to managing big data, which includes a comprehensive view focused on three pillars required for big data management solutions: Data Integration, Data Governance and Data Quality, and Data Security.
Informatica also announced its $1 Million Software and Services Big Data Ready Challenge to help organizations overcome the challenges of taking their big data projects from pilot to production.
The Informatica ecosystem has expressed its support for Informatica Big Data Management and here is what some partners and customers have to say:
Customers
Cox Automotive: "Cox Automotive is comprised of over two dozen companies, including AutoTrader, Manheim and Kelley Blue Book. Each of these companies produces and consumes a massive amount of data that is even more valuable when shared among them. Big Data Management helps us consolidate, integrate, govern and secure all data at scale in what we've called an 'Analytics Hub' and make it available for everyone to use, to help build out new and better products."
- Ben Garrett, Director, Enterprise Data Services Architecture and Operations
Jones Lang LaSalle (JLL): "JLL is a financial and professional services firm that specializes in commercial real estate services and investment management in more than 80 countries. Big Data Management is the foundation for big data analytic initiatives at JLL, which helps us significantly improve customer satisfaction. Big Data Integration and Big Data Governance address a variety of business needs, such as end-to-end data lineage, mastering customer data, providing efficient and near real-time at-scale data integration, and agile development."
- Sridhar Potineni, Executive Vice President of Innovation
Kaiser Permanente: "Analytics is central to Kaiser's business and promoting better health for all. Big Data Management helps us overcome the primary obstacles to analytics which are the ability to access, govern, and trust the data. To build a next-gen analytics platform requires the ability to integrate at scale a wide variety of healthcare related data, govern critical data using a universal metadata catalog, and secure sensitive data to protect the privacy of our patients and employees."
- Manish Vipani, Vice President and Chief Architect
KPN: "Big Data Management plays a critical role at KPN as a data-driven company. Big Data Integration breaks down data silos to provide better customer intelligence. Big Data Governance and Quality ensures that our business analysts can be confident with the data they're using. Additionally, we have very strict laws in Europe around sensitive customer information and require the ability to discover the proliferation of sensitive information. Therefore, we also need Big Data Security that provides a 360-degree view of sensitive data, supported by risk analytics and policy-based protection of data at risk. We are taking a comprehensive approach to Big Data Management at KPN."
- Thomas Reichel, Lead Architect
Symphony Health Solutions: "Symphony Health Solutions uses a dynamic and optimized Big Data Integration platform to support key initiatives from predictive market analysis to patient influence, physician prescribing, pharmacy fulfillment, payer reimbursement, and sales compensation. The productivity of the environment, speed of data delivery, and the ability to collect and integrate data at scale from over 100 sources is critical to our success in deploying a Big Data Management strategy."
- Jeff Little, Senior Director, IT Core Systems
Partners
Cisco: "Big data is a business imperative for our customers. With the extreme scalability that Cisco Unified Computing Systems (UCS) provides, many customers are already experiencing the benefit of quickly mining massive amounts of data to innovate and bring new solutions to market faster. Now, by bringing together Cisco UCS and Informatica Big Data Management, we deliver an even more comprehensive software and hardware solution for our customers to unlock the intelligence in their data."
- Jim McHugh, Vice President of Cisco Unified Computing System and Data Center Solutions Marketing
Cloudera: "Cloudera Enterprise and Informatica Big Data Management together are designed specifically for mission-critical environments. Since the early days of Hadoop, Cloudera and Informatica have led with best practices and tight integrations with Cloudera Navigator, Cloudera Manager and Spark to deliver massively scalable data integration, end-to-end data governance, and robust data security and protection."
- Tim Stevens, Vice President of Business and Corporate Development
Cognizant: "Today's digital enterprises are inundated with massive amounts of information from a wide variety of data sources. Extracting meaning and business insight from these high volume data streams requires innovative analytics and Big Data Management services and solutions. Cognizant is working with leading companies like Informatica to provide our clients with the experience, skills and latest tools that enable them to harness and exploit this flood of data to drive business value."
- Karthik Krishnamurthy, Vice President and Global Business Head, Enterprise Information Management
Hortonworks: "Together, Hortonworks Data Platform and Informatica Big Data Management enable organizations to optimize their extract transform load workloads with long-term storage and processing at scale in Hadoop. Powered by a YARN-based architecture, this partnership enables the data-first enterprise to build systems of insight that integrate at scale, govern with metadata and secure comprehensively."
- Matthew Morgan, Vice President, Product and Alliance Marketing
MapR Technologies: "MapR and Informatica give companies an advantage with enterprise-grade big data management for business-critical production applications. When you combine the innovative features of the MapR Distribution for Apache Hadoop, such as high availability, disaster recovery, security and full data protection, with Informatica's Big Data Management solutions, organizations can confidently integrate, govern and secure all their data at scale in a production data center."
- Anil Gadre, Senior Vice President of Product Management
Teradata: "Teradata and Informatica have a long history of delivering the best products and solutions the industry has to offer for data management. Now, in this era of big data analytics, we are leading with the Teradata Unified Data Architecture that allows for next-gen analytics that turn insights into action and value with "best fit" engineered for big data management, optimized integration, universal metadata for governance, and complete security."
- Chris Twogood, Vice President of Product and Services Marketing
Tweet this: News: @Informatica customers and partners support Informatica #BigData Management http://infa.media/BigDataSupport
About Informatica
Informatica is a leading independent software provider focused on delivering transformative innovation for the future of all things data. Organizations around the world rely on Informatica to realize their information potential and drive top business imperatives. More than 5,800 enterprises depend on Informatica to fully leverage their information assets residing on-premise, in the Cloud and on the internet, including social networks. For more information, call +1 650-385-5000 (1-800-653-3871 in the U.S.), or visit www.informatica.com. Connect with Informatica at https://www.linkedin.com/company/Informatica, https://twitter.com/Informatica and https://www.facebook.com/InformaticaLLC.
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Note: Informatica and Informatica Big Data Management are trademarks or registered trademarks of Informatica Corporation in the United States and in jurisdictions throughout the world. All other company and product names may be trade names or trademarks of their respective owners.
CONTACT: Debbie O'Brien Informatica +1 650 385 5735 - office +1 650 995 6736 - mobile dobrien@informatica.com Shira Frantzich Informatica +1 650 385 5674 - office sfrantzich@informatica.com
