Law Enforcement

Iveda and ClearView Asset Protection Partner to Enhance Public Safety with Artificial Intelligence

Retrieved on: 
Tuesday, April 9, 2024

Iveda ® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced a collaboration with ClearView Asset Protection to help improve local public safety systems, such as AMBER Alerts, major interstate highways, sports stadiums, and more.

Key Points: 
  • Iveda ® (NASDAQ:IVDA), the global solution for cloud-based AI, today announced a collaboration with ClearView Asset Protection to help improve local public safety systems, such as AMBER Alerts, major interstate highways, sports stadiums, and more.
  • Deploying IvedaAI, local law enforcement can be quickly notified, analyze and report situations from video data to help locate, track, and isolate danger in real-time.
  • Public services, like AMBER Alert, allows law enforcement to notify the public, broadcasters and state transportation officials to be on the lookout for the child and persons of interest.
  • “By working together with ClearView Asset Protection, we are continuing our mission to deliver solutions that help protect the people and places that matter most, implementing cutting-edge technology for the greater good,” said David Ly, Iveda CEO and founder.

2024 Abrigo Fraud Survey: 61% of Americans Still Write Checks and Millions Fall Victim to Check Fraud

Retrieved on: 
Tuesday, April 9, 2024

Perhaps surprisingly, Gen Z and Millennials self-reported writing more checks than Gen Xers 45 – 54 years old:

Key Points: 
  • Perhaps surprisingly, Gen Z and Millennials self-reported writing more checks than Gen Xers 45 – 54 years old:
    Just over half (51%) of check fraud victims had been targeted two or more times.
  • The survey also found that small business owners more often were victims of financial fraud than others, with 57% reporting they’ve been targeted.
  • They also dealt with more check fraud too: 60% of small businesses experiencing check fraud reported two or more instances.
  • The survey revealed that small businesses have a greater awareness of check fraud technology (66%) than the general population.

Cognyte Reports Fourth Quarter and Fiscal Year Ended January 31, 2024 Financial Results

Retrieved on: 
Tuesday, April 9, 2024

“The fourth quarter was a strong finish to a productive year for Cognyte,” said Elad Sharon, Cognyte’s chief executive officer.

Key Points: 
  • “The fourth quarter was a strong finish to a productive year for Cognyte,” said Elad Sharon, Cognyte’s chief executive officer.
  • Our customers are facing evolving challenges and recognize the strength of our differentiated technology and the value it delivers.
  • “We have leverage in our financial model and are focusing on driving margin expansion.
  • ET to discuss our results for the three months and year ended January 31, 2024.

Mutual Aid EMS Clinicians Recognized at Allegheny Health Network Trauma Symposium

Retrieved on: 
Monday, April 8, 2024

Three personnel from Mutual Aid Ambulance Service, Inc., the largest ambulance service in Westmoreland County, Pennsylvania, were recognized at the 10th Annual Allegheny Health Network (AHN) Trauma Symposium.

Key Points: 
  • Three personnel from Mutual Aid Ambulance Service, Inc., the largest ambulance service in Westmoreland County, Pennsylvania, were recognized at the 10th Annual Allegheny Health Network (AHN) Trauma Symposium.
  • On March 6th, 2024 District Chief Benjamin Tingle, Paramedic Nathaniel Zanoni, and EMT Richard DeForrest were presented with challenge coins for their actions caring for a critically injured patient.
  • The three were honored for their efforts on a recent emergency call involving a gunshot victim.
  • Mutual Aid Ambulance Service employs over 280 licensed and certified personnel who receive advanced training and are required to maintain good standing with the National Registry of Emergency Medical Technicians.

The GEO Group Prices Senior Notes Offering and New Term Loan

Retrieved on: 
Thursday, April 4, 2024

The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).

Key Points: 
  • The GEO Group (NYSE: GEO) ("GEO" or the "Company") announced today that it has priced a private offering of $1.275 billion aggregate principal amount of senior notes, comprised of $650.0 million aggregate principal amount of 8.625% senior secured notes due 2029 (the "Secured Notes") and $625.0 million aggregate principal amount of 10.25% senior unsecured notes due 2031 (the "Unsecured Notes" and together with the Secured Notes, the "Notes"), exempt from registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).
  • The Notes will be guaranteed by GEO's domestic subsidiaries that are guarantors under a new senior secured credit facility and outstanding senior notes.
  • The net proceeds of the offering of the Notes, borrowings under the new Term Loan, and cash on hand will be used to refinance approximately $1.5 billion of existing indebtedness, including to fund the refinance, repurchase, redemption or other discharge of the Company’s existing Tranche 1 Term Loan and Tranche 2 Term Loan under its existing senior credit facility, the 9.50% senior second lien secured notes, the 10.50% senior second lien secured notes, and the 6.00% senior notes due 2026, to pay related premiums, transaction fees and expenses.
  • GEO also intends to retire or settle a portion of the 6.50% exchangeable senior notes due 2026 issued by GEO Corrections Holdings, Inc., using shares of GEO common stock and cash.

Global Cybersecurity Solutions Provider, eSentire, Launches a New Technology Innovation Center in India

Retrieved on: 
Thursday, April 4, 2024

eSentire , Inc., the Authority in Managed Detection and Response (MDR), announced today the opening of its new Technology Innovation Center in India, under the legal entity eSentire India Private Limited.

Key Points: 
  • eSentire , Inc., the Authority in Managed Detection and Response (MDR), announced today the opening of its new Technology Innovation Center in India, under the legal entity eSentire India Private Limited.
  • The Innovation Center will extend eSentire’s global footprint and give eSentire access to a pool of exceptional engineering talent, with expertise in cybersecurity, generative AI and low-code orchestration and automation.
  • “India is a thriving ecosystem of cybersecurity talent, particularly in cloud security and generative AI,” said Dustin Hillard, Chief Technology Officer at eSentire.
  • The opening of eSentire’s Technology Innovation Center in India, follows its celebrated service expansion across the Middle East and demonstrates its commitment to not only hiring locally but continuing to protect businesses in the region with localized, compliant, 24/7 Managed Detection and Response cybersecurity services.

Knightscope Wins 18 Contracts Valued Over $1 Million

Retrieved on: 
Thursday, April 4, 2024

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today marks its 11th anniversary of its founding in 2013 with a total of 18 contracts for new business along with 5 renewal agreements valued at over $1 million.

Key Points: 
  • Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), an innovator in robotics and artificial intelligence (“AI”) technologies focused on public safety, today marks its 11th anniversary of its founding in 2013 with a total of 18 contracts for new business along with 5 renewal agreements valued at over $1 million.
  • View the full release here: https://www.businesswire.com/news/home/20240404759299/en/
    Knightscope Wins 18 Contracts Valued over $1 Million (Photo: Business Wire)
    Building on the success of its first Innovation Week and the recently announced 2023 Financial Performance Highlights , Knightscope delivers significant growth to its top line revenue with these latest contracts.
  • Fast growing markets such as transportation, healthcare, education and local government represent the majority of these contracts and account for many more future opportunities to expand in both the individual clients and their respective markets.
  • Deployment locations will span the United States including Alabama, Arizona, California, Colorado, Delaware, Florida, Kentucky, Illinois, Louisiana, North Carolina, New Jersey, Texas and Puerto Rico.

Digimarc Appoints Accomplished B2B SaaS Legal Executive George Karamanos as Chief Legal Officer

Retrieved on: 
Thursday, April 4, 2024

Digimarc Corporation (NASDAQ: DMRC), the pioneer and global leader in digital watermarking technologies, today announced that former ZipHQ Chief Legal Officer and seasoned deal strategy and operations leader George Karamanos has joined the company as Chief Legal Officer (CLO).

Key Points: 
  • Digimarc Corporation (NASDAQ: DMRC), the pioneer and global leader in digital watermarking technologies, today announced that former ZipHQ Chief Legal Officer and seasoned deal strategy and operations leader George Karamanos has joined the company as Chief Legal Officer (CLO).
  • View the full release here: https://www.businesswire.com/news/home/20240404600773/en/
    George Karamanos, former ZipHQ Chief Legal Officer and seasoned deal strategy and operations leader has joined Digimarc as Chief Legal Officer (CLO).
  • The company is revolutionizing the digital transformation journey for companies across industries and sectors, worldwide,” said George Karamanos, Digimarc’s Chief Legal Officer.
  • Meyer served as Digimarc's Chief Legal Officer through the company’s integration of EVRYTHNG, enabling the smooth consolidation of its operations and transformation of Digimarc to a software-as-a-service business.

The GEO Group Enters Into Private Exchange Agreements With Certain 6.50% Convertible Senior Noteholders

Retrieved on: 
Friday, April 5, 2024

The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced that it has entered into private exchange agreements with certain holders (the "Noteholders") of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the "6.50% Exchangeable Senior Notes").

Key Points: 
  • The GEO Group (NYSE: GEO) (“GEO” or the "Company"), announced that it has entered into private exchange agreements with certain holders (the "Noteholders") of GEO Corrections Holdings, Inc.’s 6.50% Exchangeable Senior Notes due 2026 (the "6.50% Exchangeable Senior Notes").
  • The Noteholders have agreed to exchange $177 million in aggregate principal amount of the outstanding 6.50% Exchangeable Senior Notes for a current estimated valuation of $305 million.
  • The consideration will consist of cash and shares of GEO's common stock issued at closing.
  • The 6.50% Exchangeable Senior Notes to be exchanged represent approximately 77% of the outstanding principal amount, with $53 million in aggregate principal amount remaining outstanding following the exchange.

Guam Department of Corrections Eliminates Paper-Based Processes with Tyler Technologies’ Solution

Retrieved on: 
Thursday, April 4, 2024

Tyler Technologies, Inc. (NYSE: TYL) announced today that the Guam Department of Corrections (DOC) has successfully gone live with Tyler’s Enterprise Supervision solution.

Key Points: 
  • Tyler Technologies, Inc. (NYSE: TYL) announced today that the Guam Department of Corrections (DOC) has successfully gone live with Tyler’s Enterprise Supervision solution.
  • “Going live with Tyler’s Enterprise Supervision solution marks a monumental shift in transitioning from a paper-based process to an electronic one,” said Fred Bordallo, director of the Guam DOC.
  • Implementing Tyler’s Enterprise Supervision solution, powered by Amazon Web Services (AWS), provides the Guam DOC parole officers with a cohesive information framework.
  • “Not only does our solution streamline client management, but it also brings multiple layers of security to ensure strong data integrity.”