DNI | Jotup

DZS Completes Divestiture of Asia Business

Retrieved on:

Friday, April 5, 2024

DWDM, Automation, DASAN Networks, Letter, Sabre, BABA, Second, Growth, Panel, ANZ, BDO, Research, Sale, Acquisition, Software, Security (finance), Wi-Fi, DNI, DZS, Investment, Annual report, File, CSP, Velocity, Government, Delinquent, Hearing, ROADM

On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to DNI, for $48 million (including the elimination of $43 million in debt).

Key Points:

On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to DNI, for $48 million (including the elimination of $43 million in debt).
With the sale of the Asia business, DZS is expected to be better positioned to achieve higher blended margins, and with a higher percentage of its total revenue resulting from recurring and reoccurring licenses related to its software-centric solutions.
DZS believes that service providers are deemphasizing closed, proprietary and high security-risk solutions and are increasingly adopting open, standards-based, software-defined solutions.
The notification letter has no immediate effect on the listing or trading of DZS common stock on the Nasdaq Capital Market.

Vayana TradeXchange partners with Arqit to transform trade finance

Retrieved on:

Wednesday, March 27, 2024

Partnership, City, Taxpayer Identification Number, DNI, Government, Legislation, Drug

LONDON, March 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains.

Key Points:

LONDON, March 27, 2024 (GLOBE NEWSWIRE) -- Arqit Quantum Inc. (Nasdaq: ARQQ, ARQQW) (Arqit), and Vayana TradeXchange announce a partnership to use Arqit’s TradeSecure™ digital negotiable instrument technology to transform international supply chains.
Vayana TradeXchange is a global marketplace facilitating the financing of cross-border trade, headquartered in GIFT City and operating under license from the International Financial Services Authority in India (IFSCA).
It is part of the Vayana Group which operates India’s largest regulated network for domestic supply chain finance.
Vayana TradeXchange revolutionises cross-border trade finance by making working capital available seamlessly across geographies.

Two Six Technologies Appoints Teresa Shea to Board of Directors

Retrieved on:

Friday, January 26, 2024

United States Intelligence Community, SIGINT, Signals intelligence, DNI, IC, Central Intelligence, Johns Hopkins University, ZeroFox, Army Science Board, Security agency, CODEX, NSA, Georgia Tech, Defense, Defence Medal, Electricity, Intelligence, In-Q-Tel, Management

ARLINGTON, Va., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Two Six Technologies, a high-growth technology company providing products and expertise to national security customers, announced it has appointed Teresa Shea to its board of directors.

Key Points:

ARLINGTON, Va., Jan. 26, 2024 (GLOBE NEWSWIRE) -- Two Six Technologies, a high-growth technology company providing products and expertise to national security customers, announced it has appointed Teresa Shea to its board of directors.
Shea brings invaluable experience and unique perspectives to Two Six Technologies from her distinguished 32-year career with the National Security Agency (NSA).
She held several key leadership assignments during her NSA career, culminating as the Director of Signals Intelligence.
“We are extremely excited to welcome Teresa to our board to help us grow our impact across the Intelligence Community (IC),” said Larry Prior, Chairman of the Board, Two Six Technologies.

DZS Secures $25 Million in Funding and Signs Definitive Agreement to Divest Asia Business

Retrieved on:

Friday, January 5, 2024

ANZ, DWDM, Partnership, Sale, Government, Acquisition, Wi-Fi, ROADM, DZS, FTTX, DNI, Investment, Sabre, Automation, Video game

On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to Korea-based DASAN Networks Inc. (DNI), a significant stockholder of DZS, for $48 million, consisting of $5 million of cash and the elimination of approximately $43 million of debt.

Key Points:

On Jan. 5, 2024, DZS signed a definitive agreement to sell its Asia operations to Korea-based DASAN Networks Inc. (DNI), a significant stockholder of DZS, for $48 million, consisting of $5 million of cash and the elimination of approximately $43 million of debt.
The sale is expected to close in February 2024, subject to regulatory approvals and other customary closing conditions.
“The sale of our Asia business additionally enables us to transition to a more software-centric, AI-driven business model.
A live broadcast and replay of the audio webcast will be available at https://investor.dzsi.com .

AM Best Affirms Credit Ratings of Dubai National Insurance & Reinsurance P.S.C.

Retrieved on:

Wednesday, November 29, 2023

Banking, Professional Services, Insurance, Finance, Pressure, Risk management, Credit, History, AED, USD, AM Best, DNI, Growth, News, ALL, Reinsurance

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Dubai National Insurance & Reinsurance P.S.C.

Key Points:

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a-” (Excellent) of Dubai National Insurance & Reinsurance P.S.C.
The associated counterparty credit risk is mitigated partially by the use of a panel of international reinsurance partners of sound credit quality.
For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Red5 Security Celebrates 20 Years in Business with Refreshed Brand & New Services

Retrieved on:

Thursday, December 7, 2023

Intelligence analysis management, Associate, Defence Intelligence Agency (India), Risk, FBI, CIA, Managed services, United States Intelligence Community, Intelligence, Red5 (media server), McGarry, DNI, Agility, Microsoft Analysis Services, Management, Cryptocurrency, Privacy

ARLINGTON, Va., Dec. 7, 2023 /PRNewswire/ -- Red5 Security, a leading provider of security consulting and managed intelligence services, announced the launch of its refreshed branding and new website today, commemorating 20 years in business and the expansion of its services.

Key Points:

ARLINGTON, Va., Dec. 7, 2023 /PRNewswire/ -- Red5 Security, a leading provider of security consulting and managed intelligence services, announced the launch of its refreshed branding and new website today, commemorating 20 years in business and the expansion of its services.
Founded in 2004 by former CIA and FBI professional, Kris Coleman, Red5 built a reputation for exceptional security and executive protection services.
With clients spanning from corporate enterprises to ultra-high net worth families, Red5 has honed and expanded services to keep pace with the everchanging security landscape.
"We've evolved our services to match client and market needs and this expansion into Managed Intelligence and Analysis Services is no different.

Waste Disposable Units Global Market Report 2024 - A $12 Billion Market by 2024

Retrieved on:

Friday, December 1, 2023

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Waste Disposable Units Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.

Key Points:

DUBLIN, Dec. 1, 2023 /PRNewswire/ -- The "Waste Disposable Units Global Market Report 2024" has been added to ResearchAndMarkets.com's offering.
The waste disposable units market size is expected to see steady growth in the next few years.
The waste disposable units market is expected to experience growth driven by an increased emphasis on water sustainability.
As a result, the growing emphasis on water sustainability is a key driver for the waste disposable units market.

Night Shift Development, inc. Graduates from MissionLink's 2023 Cohort; Joins Esteemed 'Trusted Innovation Ecosystem' in NatSec Tech

Retrieved on:

Friday, November 10, 2023

MCLEAN, Va., Nov. 10, 2023 /PRNewswire-PRWeb/ -- Night Shift Development, inc., a team of dedicated professionals driven by a passion for crafting cutting-edge technology that empowers businesses to thrive in the digital landscape, is proud to announce that Tim Tutt, CEO & Co-Founder, has graduated from MissionLink, an exclusive nationwide network that serves as a force-multiplier and gateway to accelerating innovation and advancing solutions to National Security threats.

Key Points:

Night Shift Development's, CEO Tim Tutt, handpicked by tech giants, achieves a milestone by joining MissionLink's elite alumni.
Accelerating innovation at the intersection of national security and cutting-edge commercial capabilities, Night Shift is set to reshape the future of NatSec tech.
"We are proud to welcome Tim Tutt, into MissionLink's esteemed alumni network," said Andy Lustig, cofounder and Organizing Board member of MissionLink.
For decades, the answer was 'public-private partnership' – we believe it is now time to empower industry innovation and facilitate 'private-public partnership.'

Red Five Security Bolsters Senior Leadership with Public-Private Sector Heavy Hitter

Retrieved on:

Wednesday, October 4, 2023

ARLINGTON, Va., Oct. 4, 2023 /PRNewswire/ -- Red Five Security, a leading provider of security consulting services for the past 20 years, announces the expansion of its senior leadership team to expand their Managed Services portfolio to Fortune 1000 companies.

Key Points:

"Karna's career bridges analytical, legal, management, and leadership," says Red Five's CEO, Kris Coleman.
"She has unparalleled experience and a track record of building award-winning teams and programs, I am thrilled that our clients will benefit from her elite security & analysis leadership.
After departing from the public sector, McGarry went on to hold several roles, including Senior Intelligence Advisor to the Vice President of Intelligence Services and Risk Advisory Consultant with G4S and other large private sector security providers.
"I see so much opportunity in Red Five's Managed Services Program," says McGarry, who has an extensive and accomplished career in the intelligence services sector.

Secretary Mike Pompeo, Former Congressman Trey Gowdy, and Former Director of National Intelligence (DNI) John Ratcliffe Join Oberheiden P.C. as Of Counsel

Retrieved on:

Tuesday, October 3, 2023

Justice minister, Justice, OIG, DOJ, FEC, Multimedia, DNI, United States Intelligence Community, FTC, FINRA, CID, FBI, Secret Service, DALLAS, Counsel

DALLAS, Oct. 3, 2023 /PRNewswire/ -- Oberheiden P.C., a business defense and federal litigation firm, has announced the addition of three high-ranking former government officials and representatives.

Key Points:

Oberheiden P.C.— a federal litigation, compliance, and corporate security defense firm —announces the addition of several high-ranking public officials to join the firm as Of Counsel.
DALLAS, Oct. 3, 2023 /PRNewswire/ -- Oberheiden P.C., a business defense and federal litigation firm, has announced the addition of three high-ranking former government officials and representatives.
Director John Ratcliffe, 6th Director of National Intelligence (DNI), Former Congressman, and Former U.S. Attorney (EDTX)
"Welcoming these outstanding public servants and well-known officials reflects the firm's commitment to serve our clients with the highest caliber legal advisors," says founder Nick Oberheiden.
It is not intended to solicit clients, to provide legal advice, or to create an attorney-client relationship with Oberheiden P.C.