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Mill Point Capital Announces the Sale of International Designs Group

Retrieved on:

Monday, November 20, 2023

Professional Services, Finance, Quartz, Acquisition, NYSE, Mill Point Settlement Site, Southeastern United States, IDG, Partnership, Home, Corporate services, The Home Depot, Growth, Orange Business Services

Mill Point Capital LLC (“Mill Point”), a private equity firm focused on control-oriented investments in the Business Services, Industrials and IT Services sectors, announced today that it has entered into a definitive agreement to sell International Designs Group (“IDG” or the “Company”) to The Home Depot (NYSE: HD).

Key Points:

Mill Point Capital LLC (“Mill Point”), a private equity firm focused on control-oriented investments in the Business Services, Industrials and IT Services sectors, announced today that it has entered into a definitive agreement to sell International Designs Group (“IDG” or the “Company”) to The Home Depot (NYSE: HD).
IDG is an established distributor, seller and custom fabricator of design-oriented surfaces, appliances and architectural specialty products.
The Company’s products are featured in multiple areas of the home, including flooring, walls, countertops, decking and fireplace surrounds, among others.
IDG serves a diverse group of professional customers across renovation, remodeling, new construction and multi-family.

Lenovo Group: Second Quarter Results 2023/24

Retrieved on:

Thursday, November 16, 2023

Chairman and CEO quote – Yuanqing Yang:

Key Points:

Chairman and CEO quote – Yuanqing Yang:
“Last quarter, despite macro challenges, we saw clear signs of recovery across the technology sector.
Managed services and project and solutions services further expanded in the second quarter, together now making up 56% of SSG’s revenue, up three points year-on-year.
The storage business reached an all-time revenue record, making Lenovo the third largest storage provider in the world.
Intelligent Devices Group (IDG): Solidifying market leadership, capturing AI device opportunities
IDG maintained its global No.1 position in the second quarter for both PC shipments and activations, despite market challenges.

Hivello, Led by Pioneers of Blockchain Payment Solutions, Secures USD$1M to Democratize DePIN

Retrieved on:

Thursday, December 14, 2023

Toronto Stock Exchange, NGC, Nifedipine, IDG, Cryptocurrency

At the helm of Hivello are Domenic Carosa and Andrew Smith, co-founders of Banxa Holdings Inc. - a regulated payment entity listed on the Toronto Stock Exchange (TSX.v) renowned for its blockchain payment solutions.

Key Points:

At the helm of Hivello are Domenic Carosa and Andrew Smith, co-founders of Banxa Holdings Inc. - a regulated payment entity listed on the Toronto Stock Exchange (TSX.v) renowned for its blockchain payment solutions.
Our deep roots in the blockchain payment sector through Banxa give us the unique ability to understand and innovate in the DePIN space.
Tobias Bauer, Partner at Blockchain Founders Fund, adds: "Supporting Hivello's mission to democratize decentralized infrastructure is a thrilling opportunity.
This investment round, coupled with the renowned blockchain payment expertise of Hivello's leadership, positions the company at the forefront of the DePIN industry.

NetDragon Completes US$20M Investment in Rokid, Forms Strategic Partnership to target Metaverse opportunities

Retrieved on:

Monday, November 20, 2023

Learning, IDG, Software, Partnership, Internet, NetDragon Websoft, Knowledge, Education, Video game

As a global leader in building internet communities, NetDragon specializes in scaling multiple internet and mobile platforms in both gaming and education sectors.

Key Points:

As a global leader in building internet communities, NetDragon specializes in scaling multiple internet and mobile platforms in both gaming and education sectors.
The Company's achievements in the education field, recognized globally, make it an expert in leveraging technology to improve learning experiences.
This investment and partnership will accelerate the creation of next-generation interactive user experiences that will form the backbone of tomorrow's metaverse.
We believe that the combination of NetDragon and Rokid will bring new momentum in product development and breakthrough innovation to the industry."

Turtle Names Teesee Murray as its Chief Strategy Officer

Retrieved on:

Thursday, November 16, 2023

CLARK, N.J., Nov. 16, 2023 /PRNewswire-PRWeb/ -- Turtle, one of the nation's largest privately held electrical distributors, has named transformational leader Teesee Murray as its Chief Strategy Officer. At a time when Turtle is accelerating the transition to sustainable energy by advancing innovative customer solutions, Murray brings C-suite experience as a growth-oriented changemaker with a deep knowledge of technology that includes AI and Enterprise Automation.

Key Points:

Advancing Tomorrow
CLARK, N.J., Nov. 16, 2023 /PRNewswire-PRWeb/ -- Turtle, one of the nation's largest privately held electrical distributors, has named transformational leader Teesee Murray as its Chief Strategy Officer.
We are thrilled to welcome Teesee whose inspirational leadership will fuel our ambitious plans for energy-forward ways to work, move and play.
-- Jayne Millard, Executive Chairman of the Board and Co-CEO of Turtle.
Murray is a graduate of the MIT Sloan School, Computer Science and AI Lab, AI: Implications for Business Strategy 2018.

STUDY: 88% of Security Leaders think their Organization is Falling Short Addressing Cybersecurity, but Regular Engagement with the Board is Improving the Situation

Retrieved on:

Thursday, November 9, 2023

The research also examines the security-related priorities that IT and security leaders are currently focused on and their future outlook.

Key Points:

The research also examines the security-related priorities that IT and security leaders are currently focused on and their future outlook.
They are also investing in security operations centers, whether that be in-house or outsourced, and cyber insurance policies.
IT leaders are addressing security risks by investing in new solutions and increasing spend on their existing security stack.
Almost three-quarters of security leaders (72%) say they have already seen the benefits of AI-enabled security tech used in their own organization.

Zscaler Announces Industry-First Zero Trust Innovations to Secure Workloads and Cloud VDI

Retrieved on:

Wednesday, November 8, 2023

Cloud, FedRAMP, IP address, Multi, CIDR, Zscaler, Azure, VDI, GCP, NOV, Google Cloud Platform, Organization, VPC, TLS, Senior, Environment, Zero trust security model, SAN, AWS, EC2, ZS, IDG, Software as a service, Video game

Multi-Session VDI Security: An industry first, Zscaler inspects all ports and protocols for multi-session, non-persistent VDI deployments in the public cloud.

Key Points:

Multi-Session VDI Security: An industry first, Zscaler inspects all ports and protocols for multi-session, non-persistent VDI deployments in the public cloud.
With AWS, Azure, and now expanded cloud support, enterprises can secure their cloud workloads consistently and effectively while maintaining the flexibility of public cloud choice.
“As customers accelerate the adoption of public cloud infrastructure they require a simple and effective cloud security platform to protect their cloud workloads and applications.
Customers can use the Zscaler Zero Trust Exchange platform to connect and protect workloads across Multi-cloud, Hybrid and private cloud, Government Cloud, and Specialist Availability Regions such as China.”

Foundry’s Inaugural AI Priorities Study Examines Utilization of Artificial Intelligence in Organizations

Retrieved on:

Tuesday, October 10, 2023

Investment, Gen, Automation, Organization, Workplace, Martech, IDG, Synthetic media, CRM, Foundry, ChatGPT, Policy, Data analysis, Privacy, SMB, Explainable artificial intelligence, Medical device, Sales, AI

The study comes at a time when ChatGPT and a host of other Generative AI (Gen AI) tools are becoming widely accessible, even as organizations grapple with the technology’s reach, power and capabilities.

Key Points:

The study comes at a time when ChatGPT and a host of other Generative AI (Gen AI) tools are becoming widely accessible, even as organizations grapple with the technology’s reach, power and capabilities.
Foundry surveyed global IT decision-makers (ITDMs) to understand AI and Gen AI use cases, investment and implementation levels, and the challenges these technologies pose for organizations.
Despite these apprehensions, the vast majority of organizations and IT leaders are preparing for a workplace that embraces Gen AI.
For more information and to see the full results from the AI Priorities study, please view the executive summary .

Lenovo Sets the Stage for ‘AI for All’ Ahead of Annual Global Tech Event, Tech World ‘23

Retrieved on:

Thursday, October 12, 2023

On October 24 – 25, 2023, Lenovo will host its annual global innovation event, Tech World , in Austin, Texas.

Key Points:

On October 24 – 25, 2023, Lenovo will host its annual global innovation event, Tech World , in Austin, Texas.
This marks the ninth consecutive year of the event, and the first time since 2019 that it will be hosted in person.
Lenovo executives will also provide a first look at Lenovo’s vision for multiple AI-focused areas, including AI models, AI solutions, AI infrastructure and AI devices.
For those looking to attend virtually, Tech World ‘23 will be livestreamed in English on Lenovo’s X account .

Aflac wins 2023 CSO50 Award from Foundry's CSO

Retrieved on:

Thursday, October 5, 2023

Fortification, Risk management, CSO, Feather, International Data Group, Organization, Aflac, IDG, Event, Learning, Conference, McDowell

COLUMBUS, Ga., Oct. 5, 2023 /PRNewswire/ -- Aflac, the leading provider of supplemental health insurance products in the U.S.,1 was named a 2023 CSO50 Award honoree by CSO from Foundry (formerly IDG Communications) for championing security and risk management excellence.

Key Points:

COLUMBUS, Ga., Oct. 5, 2023 /PRNewswire/ -- Aflac, the leading provider of supplemental health insurance products in the U.S.,1 was named a 2023 CSO50 Award honoree by CSO from Foundry (formerly IDG Communications) for championing security and risk management excellence.
Aflac accepted its award at the CSO50 Conference + Awards at the We-Ko-Pa Casino Resort in Fort McDowell, Arizona.
The award-winning Aflac security project "Feathers and Firewalls: Aflac's Zero Trust Approach" is designed to achieve increased security, simplified network architecture and cost savings.
Click here to view the winners of the 2023 CSO50 Awards and inductees into the CSO Hall of Fame, the most prestigious recognition for security organizations and individuals.