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CalAmp Reaches Comprehensive Agreement to Significantly Reduce Debt, Go Private, and Strengthen Financial Flexibility to Support Innovation Through a Consensual Financial Restructuring

Retrieved on:

måndag, juni 3, 2024

United States bankruptcy court, Intelligence, RSA, Organization, Bankruptcy, Bankruptcy Code, Security (finance)

IRVINE, Calif., June 03, 2024 (GLOBE NEWSWIRE) -- CalAmp (Nasdaq: CAMP), a connected intelligence company helping people and organizations improve operational performance with a data-driven solutions ecosystem, today announced that it has entered into a Restructuring Support Agreement (“RSA”) with its principal secured lender, Lynrock Lake Master Fund LP (“Lynrock”), who will become the principal equity owner of CalAmp and take the Company private.

Key Points:

In a strategic move that strengthens its financial position, CalAmp intends to exchange the approximately $229 million of Convertible Senior Secured Notes held by Lynrock into equity interests in the reorganized company.
During the financial restructuring, CalAmp’s U.S. and international operations will continue without disruption, and partners will be paid in the ordinary course of business.
CalAmp enters this process with the strong support of Lynrock who has conveyed confidence in the Company’s long-term strategy and future growth prospects.
Importantly, the RSA provides a roadmap for the Company to quickly navigate through this process following court approval of its prepackaged restructuring plan.

Code42 Recognized for Insider Threat Technology and Channel Leadership

Retrieved on:

torsdag, maj 30, 2024

Cloud, Organization, Physical intimacy, Risk, The Channel Company, Channel, Woman, Marketing, Software as a service, Conference, Senior, CRN, Cloud computing security, Short list, Security, RSA, Code42, Arms industry

MINNEAPOLIS, May 30, 2024 (GLOBE NEWSWIRE) -- Code42 Software, Inc., the leader in data loss and insider threat protection, today announced its continued industry recognition through the receipt of six prestigious awards thus far in 2024.

Key Points:

Beyond detecting the sources and destinations of proprietary source code movement, Code42® Incydr ™ data protection assists security teams in promptly identifying and resolving insider threat events.
The data protection solution has been:
Named the Best Solution for Insider Threat Prevention winner in the 2024 Global Infosec Awards from Cyber Defense Magazine at RSA Conference 2024.
Featured in the Insider Threat Solution category in the Cybersecurity Excellence Awards for its groundbreaking cloud-based Software-as-a-Service (SaaS) solution designed to detect, manage, and mitigate insider threats within organizations.
Melissa Caress, Senior Channel Manager at Code42, was spotlighted on the Women of the Channel list, which recognizes women who demonstrate exceptional channel leadership, strategic vision, and advocacy that impact business growth and innovation in the IT channel.

Elastic Reports Fourth Quarter and Fiscal 2024 Financial Results

Retrieved on:

torsdag, maj 30, 2024

Elastic (NYSE: ESTC) (“Elastic”), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2024.

Key Points:

Elastic (NYSE: ESTC) (“Elastic”), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2024.
We present historical and forward-looking non-GAAP financial measures in addition to, and not as a substitute for, or superior to, financial measures calculated in accordance with GAAP.
See the section entitled “Statement Regarding Use of Non-GAAP Financial Measures” for an explanation of these non-GAAP measures.
There was no impact to operating results, non-GAAP diluted earnings per share, adjusted free cash flow or cash and cash equivalents.

Huntress Signs CISA’s Secure By Design Pledge

Retrieved on:

torsdag, maj 16, 2024

CISA, Software, RSA, Name, Huntress, Hope, Education

COLUMBIA, Md., May 16, 2024 (GLOBE NEWSWIRE) -- Huntress announced that it signed CISA’s ‘ Secure By Design’ pledge at the RSA 2024 conference.

Key Points:

COLUMBIA, Md., May 16, 2024 (GLOBE NEWSWIRE) -- Huntress announced that it signed CISA’s ‘ Secure By Design’ pledge at the RSA 2024 conference.
The pledge includes seven goals vendors are working towards to make our world more secure.
Huntress was one of the first 60 companies to join the pledge alongside some of the biggest names in tech.
We were thrilled to be in the inaugural pledge group and hope we inspire other vendors to follow our lead,” said Roger Koehler, Chief Information Security Officer for Huntress.

AiStrike Emerges from Stealth to Solve Cloud Security Investigation and Response using AI-powered Automation

Retrieved on:

onsdag, maj 22, 2024

Security, Data Management, Technology, Artificial Intelligence, Software, Cloud, Cyberattack, Conference, AI, RSA, Automation, Organization, Triage, CSPM

AiStrike , announced it emerged from stealth mode at the RSA Conference 2024, where it showcased its solution aimed at revolutionizing cloud security investigation and response using AI-powered automation.

Key Points:

AiStrike , announced it emerged from stealth mode at the RSA Conference 2024, where it showcased its solution aimed at revolutionizing cloud security investigation and response using AI-powered automation.
AiStrike is using advanced behavior analytics and AI-guided automation to prioritize, investigate, and neutralize threats in cloud-native environments – in real-time.
Early customers using AiStrike are seeing immediate value with:
With over 20+ years of experience in security operations and cloud technologies, AiStrike founders are well equipped to solve the cloud security investigation and response problem.
“Traditional security investigation and response approaches are ineffective to deal with the volume and complexity of threats in cloud.

Strata Identity to Present Orchestration Kitchen Workshop with CyberArk on Modernizing Identity for Legacy Applications

Retrieved on:

onsdag, maj 22, 2024

Data Management, Security, Technology, Software, Networks, Internet, Online, Solution architecture, Organization, Engineering, Internally displaced person, OAM, Product marketing, Architecture, RSA, RSA Security, Online shopping

Strata Identity , the Identity Orchestration company, today announced it will host an Orchestration Kitchen webinar with CyberArk on May 23 on how to replace outdated identity providers like Siteminder, Oracle Access Manager (OAM) and IBM Tivoli with CyberArk Identity without rewriting applications.

Key Points:

Strata Identity , the Identity Orchestration company, today announced it will host an Orchestration Kitchen webinar with CyberArk on May 23 on how to replace outdated identity providers like Siteminder, Oracle Access Manager (OAM) and IBM Tivoli with CyberArk Identity without rewriting applications.
Khizar Sultan, Vice President of Identity Solutions at CyberArk, has over a decade of experience in the Identity and Security industry.
Attendees will learn how Identity Orchestration makes it easy to integrate CyberArk Identity into legacy apps, even those that don't 'speak' modern protocols or are hosted on-premises.
The session will also demonstrate a new Strata Orchestration Recipe that manages the complex identity relationships and processes associated with moving from legacy IDPs to CyberArk Identity.

MONITORAPP Showcased AIONCLOUD Security Platform at RSA Conference 2024

Retrieved on:

måndag, maj 20, 2024

Security, Technology, Other Technology, Software, Networks, Internet, RSA, Conference

MONITORAPP Inc. (KOE:434480), a cybersecurity company specializing in cloud security, announced its successful participation at RSA Conference 2024, held from May 6-9 in San Francisco, USA.

Key Points:

MONITORAPP Inc. (KOE:434480), a cybersecurity company specializing in cloud security, announced its successful participation at RSA Conference 2024, held from May 6-9 in San Francisco, USA.
The company showcased its flagship security platform, AIONCLOUD, garnering significant attention from industry professionals and attendees.
With its global presence, MONITORAPP offers a wide range of application security technologies, catering to businesses worldwide.
Leveraging years of experience in delivering security solutions across international markets, MONITORAPP provides versatile security solutions through physical and virtual appliances alongside its comprehensive cloud-based security platform, AIONCLOUD, which was prominently featured at the event.

KuppingerCole Identity Fabrics Leadership Compass Names RSA An Overall, Innovation, and Market Leader

Retrieved on:

torsdag, maj 16, 2024

RSA, the security-first identity leader, announced today that KuppingerCole Analysts AG has named RSA an Overall Leader, Innovation Leader, and Market Leader in its 2024 Identity Fabrics Leadership Compass Report, which provides CISOs, CIOs, and security teams with key insights into the vendors that can “deliver the full range of identity services required by an organization.”

Key Points:

RSA, the security-first identity leader, announced today that KuppingerCole Analysts AG has named RSA an Overall Leader, Innovation Leader, and Market Leader in its 2024 Identity Fabrics Leadership Compass Report, which provides CISOs, CIOs, and security teams with key insights into the vendors that can “deliver the full range of identity services required by an organization.”
The 2024 KuppingerCole Leadership Compass: Identity Fabrics comes at a key moment in cybersecurity.
“The KuppingerCole Identity Fabrics Leadership Compass gives identity its due, validates the RSA Unified Identity Platform , and recognizes the progress RSA continues to make delivering authentication, access, governance, and lifecycle capabilities to security-first leaders.”
“The KuppingerCole Leadership Compass recognizes that being an identity vendor isn’t enough—to meet market demands and prevent data breaches, organizations must prioritize the few vendors that can provide all the components that an identity security platform requires,” said RSA Chief Product and Technology Officer Jim Taylor.
The KuppingerCole Leadership Compass provides transparent assessments of which vendors can sufficiently answer those questions—and by extension, which vendors can’t.”
The KuppingerCole Identity Fabrics Leadership Compass highlights several key strengths that RSA solutions deliver, including:
RSA was named an Overall Leader, Market Leader, and Innovation Leader in the previous Identity Fabrics Leadership Compass report published in 2022.
The most recent Leadership Compass noted improvements in the usability and interoperability of RSA solutions.

Token’s Next-Generation MFA with BioTouch Securetm Wins Two Global InfoSec Awards at RSA Conference 2024 for Innovation in Stopping Ransomware

Retrieved on:

fredag, maj 10, 2024

“Ransomware losses have exploded as cybercrime has become democratized on the dark web.

Key Points:

“Ransomware losses have exploded as cybercrime has become democratized on the dark web.
Every day brings news of another major ransomware attack, and for every major loss, countless others go unreported.
Next-generation MFA eliminates the risks of cybercriminals using stolen credentials, MFA prompt bombing, Sim Swapping, BYOD compromises, Adversary-in-the-Middle (AitM/MitM), and other common attack methods.
Token Ring combines these capabilities into an appealing ring for convenience and to prevent the loss of authentication devices.

RSA Conference Closes Out 33rd Annual Event by Discovering the Art of What's Possible Together

Retrieved on:

fredag, maj 10, 2024

SAN FRANCISCO, May 10, 2024 /PRNewswire/ -- RSA Conference™, the world's leading cybersecurity conferences and expositions, today concluded its 33rd annual event at the Moscone Center in San Francisco.

Key Points:

SAN FRANCISCO, May 10, 2024 /PRNewswire/ -- RSA Conference™, the world's leading cybersecurity conferences and expositions, today concluded its 33rd annual event at the Moscone Center in San Francisco.
"It's been so exciting as always, to watch our community convene in San Francisco for RSA Conference and this year was no exception," said Linda Gray Martin, Senior Vice President, RSA Conference.
RSA Conference 2024 by the Numbers:
41,000+ attendees, including 650 speakers across 425 sessions, 400+ media members, and 600 exhibitors on the expo floors.
RSA Conference 2024 highlights include:
Reality Defender named "RSA Conference 2024's Most Innovative Startup" by the Innovation Sandbox's judges' panel comprised of technology, venture, and security industry thought leaders.