News
Cisco Appoints Oliver Tuszik as New Europe, Middle East, and Africa President
technology 7 Aug 2023
Oliver Tuszik has been announced as the next President of Cisco Europe, Middle East, and Africa (EMEA). With over 10 years of experience in Cisco, Tuszik most recently held the position of Senior Vice President of the Cisco Global Partner Sales and Routes to Market business, where he supported Cisco's expansive global ecosystem of partners and advocated for customer needs. Prior to this, Tuszik has over 25 years of leadership experience across Europe for Cisco, as CEO of Computacenter in Germany, and in various other IT companies. For Tuszik it is a homecoming, as he successfully led Cisco Germany between 2013 and 2018.
Tuszik's appointment comes as Cisco accelerates efforts to securely connect technology, people, governments, and businesses across the world. As IT and ecological priorities become more prevalent, all industries have had to reconsider business models and supply chains to become more agile, resilient, and sustainable. In his new role, Tuszik will be enabling this through Cisco's ecosystem, partners, and customers to advance significant digitisation and innovation across EMEA.
"I have had the privilege to work with the largest organisations and brightest minds around the globe, and by far EMEA has the biggest untapped opportunity on the world stage. The power, innovation capability and talent diversity of the countries is unmatched," said Oliver Tuszik, President of EMEA, Cisco. "Technology is the most critical component to accelerate digitisation and enable industry transformation for the region. From secure and sustainable infrastructure to transformative technologies in AI, to empowering the future of work, Cisco is literally at the heart of making it possible."
"Oliver has had an incredible impact in his ten years at Cisco. He has repeatedly proven to be one of the most inspirational leaders at the company and is one of the strongest advocates for our customers and partners that I have come across. I can't wait to see what our amazing team in the region will accomplish under his leadership," said Jeff Sharritts, Executive Vice President and Chief Customer and Partner Officer, to whom Tuszik will report.
Tookitaki launches Compliance-as-a-Service (CaaS) solution, a self-service AML solution on the cloud
cloud technology 7 Aug 2023
Tookitaki, a trusted leader in the anti-money laundering space, announced the launch of its Compliance-as-a–Service (CaaS) solution for small and mid-size financial institutions globally. This innovative SaaS offering, optimised for cost and efficiency, gives financial institutions (FIs) access to Tookitaki's flagship compliance solution – the Anti Money Laundering Suite (AMLS) on a secure, self-service platform.
Tookitaki's AMLS is trusted by leading universal banks such as UOB, regional banks, digital-only banks, e-wallets, and payment companies, including global front-runners like Tencent. The CaaS solution delivers complete risk coverage across screening, transaction monitoring and customer risk scoring. It comes with standardised payload specifications, and APIs for seamless integration, enabling FIs to go live in two weeks. The FIs can also leverage pre-packaged watchlist data for screening in addition to existing watchlist data that they have.
It is a flexible, pay-as-you-go solution that scales horizontally, delivering high reliability and performance for rapid growth. The service includes industry-standard certifications spanning risk, security, and data privacy, such as SOC2, substantially reducing the dependency on internal IT.
Mr Abhishek Chatterjee, Founder and CEO of Tookitaki, stated, "Tookitaki has a proud legacy of supporting both traditional banks and large fintech enterprises with our cutting-edge AML solution. The launch of our Compliance-as-a-Service solution is a significant step in making AMLS more accessible. This SaaS model allows fast-growing fintechs to get to market sooner, and future-proof their financial crime mitigation strategies with regular updates."
The head of compliance at one of the largest e-wallet players has remarked that Tookitaki's CaaS solution is an excellent fit for them as it is lightweight, scalable and offers full risk coverage, along with a predictable low-cost footprint.
American Center for Mobility and Block Harbor Collaborate to Develop Cybersecurity Offerings at ACM's Global Development Center
cybersecurity 7 Aug 2023
Block Harbor joins American Center Mobility as their Executive-in-Residence for mobility cybersecurity. In March 2023, ACM released a new strategic plan to broaden their focus to advancing safe, sustainable, and secure mobility technologies. Through this partnership, ACM and Block Harbor will collaborate to develop cybersecurity offerings and promote the cybersecurity ecosystem at ACM's global development center to help the industry meet regulations and alignment with standards for the cybersecurity of vehicles.
With the release of UNECE Cybersecurity (UN R155 and R156), a regulation that aims to enhance the cybersecurity of connected and automated vehicles and provide a common cybersecurity framework for the automotive industry worldwide, there is a growing need for tools, labs, and expertise to ensure compliance to standards.
"Cybersecurity has always been in our line of sight with the work we do in connectivity and automation," says Reuben Sarkar ACM CEO "Block Harbor will help us bring together the right capabilities and assets to expand our offerings and build our ecosystem in this rapidly growing area."
Block Harbor is a Detroit-based vehicle cybersecurity software company focused on launching the Vehicle Security Engineering Cloud (VSEC) to vehicle cybersecurity auditors, automakers, and suppliers. With nearly a decade of experience securing vehicles, Block Harbor is at the forefront of the industry, developing solutions that address the pain points in vehicle cybersecurity engineering.
"The future of mobility – highly connected, automated, electric – all depends on passenger trust and faith in the vehicle", says Block Harbor CEO, Brandon Barry, "ACM understands the importance of cybersecurity in that future. Block Harbor is honored to support the ACM's cybersecurity in their advanced mobility proving ground."
Coro Named to Prestigious MES Midmarket 100
technology 7 Aug 2023
Coro, the modern cybersecurity platform for mid-market organizations, announced today that Midsize Enterprise Services (MES), a brand of The Channel Company, has recognized Coro on its 2023 MES Midmarket 100 list.
The MES Midmarket 100 list recognizes today's IT movers and shakers who've set themselves apart as forward-thinking technology providers supporting midmarket organizations. MES defines midmarket as the nearly 200,000 companies in the U.S. with annual revenues between $50 million and $2 billion.
Coro was selected because its all-in-one cybersecurity platform delivers complete end-to-end protection for midmarket companies, providing enterprise-grade security that is easy to use, affordable, and offloads lean IT teams from 95% of security workloads.
“The midmarket is a major driver of the U.S. economy, representing one-third of the private sector GPD,” said Adam Dennison, VP Midsize Enterprise Services, The Channel Company. “I’m so proud of the vendors identified on this elite list for their consistent commitment to helping midmarket organizations succeed and thrive.”
"We are thrilled to be named to the 2023 MES Midmarket 100 list," said Guy Moskowitz, CEO, Coro. “This award acknowledges our commitment to provide comprehensive yet affordable security for the midmarket, and our 100% focus on that sector's growth and success."
Red Hat Appoints Andrew Brown as Senior Vice President and Chief Revenue Officer
technology 7 Aug 2023
Red Hat Appoints Andrew Brown as Senior Vice President and Chief Revenue Officer (Photo: Business Wire)
Red Hat, Inc., the world's leading provider of open source solutions, today announced the appointment of Andrew Brown as senior vice president and chief revenue officer. Brown joins Red Hat today and will succeed Larry Stack effective October 1. Stack will work alongside Brown through Q3 to facilitate a smooth leadership transition, before joining IBM in a senior advisor role.
“Red Hat has an enormous opportunity to fuel hybrid cloud transformation globally, but this requires seamlessly integrating our product vision with our sales approach,” Shared Matt Hicks, president and chief executive officer of Red Hat. “Andrew understands the intricacies of Red Hat’s business and our culture, and brings vast experience in delivering customer value at scale across a wide range of technology areas as we seek to address evolving customer requirements.”
In his role at Red Hat, Brown will be responsible for commercial and public sector sales, channel and alliances sales, and consulting services, as well as the company’s global go-to-market strategy. He is a software industry veteran with more than 28 years of experience delivering results for customers in hybrid cloud and transformational technology. He joins Red Hat from IBM where he most recently served as general manager of IBM Technology Sales United Kingdom & Ireland. In that role, he was responsible for leading, transforming and expanding IBM's Technology go-to-market organization, overseeing the sales, strategy, management and delivery of IBM’s Systems, Public Cloud, Cloud & Cognitive Software including Integration, Data & AI Solutions, Security and Watson Applications used by over 10,000 businesses.
He started his career at IBM as an intern in the Warwick Lab and since then worked his way up to a variety of senior leadership roles in Software including general manager of Cloud & Cognitive Solutions EMEA, vice president of Worldwide Hybrid Cloud Software, vice president of WW Sales Systems Middleware and director of Worldwide Sales Cloud & Smarter Infrastructure.
Brown expressed, “I have followed Red Hat’s growth and progress over the last few years and have been impressed by the agility, foresight and innovative approach that the company and its culture embrace. I am hugely excited about joining this unique organization and working with our customer-facing teams to innovate, collaborate and scale the hybrid cloud solutions Red Hat possesses in its open source platform approach.”
Stack most recently served as executive vice president and chief revenue officer for Red Hat. He joined the company in 2018 as its first leader for global accounts and targeted industries, helping to expand the value Red Hat delivers to large customers. During his time with the company, he worked to expand Red Hat’s commercial presence in North America. Prior to joining Red Hat, he held roles at DXC Technology, Accenture, HP and Fujitsu. In his new role at IBM, Stack will serve as a senior advisor within the IBM Global Government team to assist in increasing IBM’s public sector footprint around the world, emphasizing current offerings as well as future initiatives like quantum computing.
“Being a part of Red Hat, particularly working with passionate and exceptional Red Hatters, is a highlight in my career as a servant leader. I am proud of everything that we have been able to accomplish using a "Mission First, People Always" motto. I know that there is still so much to come and I look forward to seeing what Red Hat can achieve in the next phase of open source,” said Larry Stack.
Hopr.co Granted Second Patent for Secure Communications Technology
technology 7 Aug 2023
Hopr.co, a leader in securing workloads and data-in-transit everywhere in the cloud, announced today that it has been granted US Patent 11,716,312, “Platform for Optimizing Secure Communications,” by the United States Patent and Trademark Office (USPTO.) The patent extends Hopr’s initial “Password Hopping System'' technology to cloud machines with a new and more sophisticated feature that addresses the increased cyber risk of legacy transport security by catering to the speed and scale of cloud operations. Automated Moving Target Defense (AMTD) is not necessarily a new category of cyber defense, and TLS has been viewed as a successful cybersecurity solution for many years. Hopr has introduced a generational improvement in data security with its cloud native Synchronous Ephemeral Encryption (SEE™) protocol, which allows workloads to build end-to-end encrypted communication channels without a key exchange, preventing Man-in-the-Middle attacks and untrusted access to endpoints. The second patent also covers improvements that: “We are thrilled to unveil our improved ‘Password Hopping System’ technology, as well as announce receipt of Hopr’s second patent,” said Tom McNamara, Founder and CEO, Hopr.co. “This published patent further exemplifies our continued commitment to innovation and technological advancement in cloud native cybersecurity as we continue positioning ourselves as a leader in endpoint and data security.” Hopr’s second patent was allowed on the USPTO’s first “office action,” or substantive examination - an achievement that has only been earned by 1% of allowed patents. This effort demonstrates not only the need for Hopr’s technology within the marketplace, but its ingenuity compared to other technologies and innovations. “I love how much easier Hopr is than making mTLS work across environments, and I'm confident that the full communication route is secure, too,” said Drew Malone, Solution Engineer and Devops/Infrastructure veteran. “This is a great security tool that any DevOps practitioner will love." This news follows shortly after Hopr announced the availability of its API Threat Protection and Access Control solution in AWS Marketplace, allowing enterprise customers to quickly procure and deploy Hopr’s novel AMTD solution in their own environments. In addition, the company also announced it is joining the AWS Activate Portfolio Program.Company granted patent on first office action from the USPTO, validating Hopr’s continued commitment to innovation and technological advancements in cybersecurity
Endor Labs Raises $70M to Reform Application Security and Eliminate Developer Productivity Tax
security 7 Aug 2023
Endor Labs, creator of the Code and Pipeline Governance Platform, today announced $70M in oversubscribed Series A financing from Lightspeed Venture Partners (LSVP), Coatue, Dell Technologies Capital, Section 32, and over 30 industry-leading CEOs, CISOs, and CTOs. Arif Janmohamed of Lightspeed, Sri Viswanath of Coatue and former CTO of Atlassian; and Deepak Jeevankumar of Dell Technologies Capital will be joining the Endor Labs Board. The new round of funding, which includes $22M converted to equity from the previous round and comes only 10 months after the company’s launch, will help Endor Labs create effective application security programs that don’t impose a productivity tax on developers. Today, developers waste more than half their time investigating endless security alerts, integrating and maintaining security tools in continuous integration and continuous delivery (CI/CD) pipelines, and negotiating priorities and exceptions with security teams. With over 90% of code in modern applications coming from open source software (OSS) repositories, the Endor Labs team chose to build its foundation on OSS governance, focusing on helping teams select and maintain high-quality and secure OSS from the onset, and cutting 80% of the vulnerability noise by pinpointing reachable and exploitable risks that would truly affect operations. The latest milestone in funding will help Endor Labs build on its current momentum by expanding into other areas of code and pipeline security, and other geographics, such as EMEA. Through all of its current and future initiatives, the core mission will remain the same: To achieve application security without wasting development cycles by surfacing risks that actually matter across the software development lifecycle. According to the recent 2023 Gartner® Cool Vendors™ in Platform Engineering for Scaling Application Security Practices report1, “Platform teams find it difficult to meet application security needs without hampering the developer experience.” The report also states that “A fragmented DevSecOps toolchain makes it difficult to enforce consistent security policies and ship software that is “secure by default.” And that “By 2026, 70% of platform teams will integrate application security tools as part of internal developer platforms to scale DevSecOps practices, up from 20% in 2023.” “Application security is fundamentally broken today – engineering teams are constantly being asked to deploy dozens of AppSec tools in the CI/CD pipeline, which creates significant work for developers, slows down feature delivery, and increases friction between the engineering and security teams,” said Varun Badhwar, Founder and CEO of Endor Labs. “The path forward lies in consolidating the DevSecOps toolchain, simplifying tool deployments, and prioritizing the handful of risks that actually matter. This is the future we envision, and our team is working closely with our customers and partners to reach that goal. We thank our investors for their recent endorsement, and we pledge to continue innovating in this critical arena.” The market is changing: Most security professionals now see their engineering counterparts as internal customers and are seeking platform approaches that reduce the cognitive load of implementing disparate security controls, and that help them focus on the issues that matter most. Endor Labs has been at the forefront of this transformation since its launch, and the new funding–along with the ongoing customer adoption–further validates this approach. Although it’s been around for less than a year, Endor Labs has already received numerous industry accolades and acknowledgements: It was recognized as a Gartner® Cool Vendor™, and was the first company to be selected as a finalist in both RSA Conference’s Innovation Sandbox and Black Hat’s Startup Spotlight Competition. “The investment Endor Labs has made in reachability analysis makes them truly stand out,” says Greg Pettengill, Principal Security Engineer at Five9, an Endor Labs customer. “Traditional Software Composition Analysis (SCA) tools drown developers in false positives, while Endor Labs surfaces risks that actually matter, freeing up AppSec and engineering teams to focus on providing value to our customers.” Endor Labs was founded in 2021 by Varun Badhwar and Dimitri Stiliadis, who previously founded RedLock and Aporeto, respectively, and scaled Prisma Cloud by Palo Alto Networks from inception to a $300M ARR business in only three years. While managing a team of 400-plus developers, Badhwar and Stiliadis recognized the pain involved in balancing engineering productivity with software supply chain security. “We love to partner early with outstanding entrepreneurs who have clarity of vision, and support them through every stage of the company’s journey,” said Arif Janmohamed, Partner at Lightspeed. “Varun and team are not only addressing a massive, unmet need in the application security world, but are laying the foundation for an enduring company in a fast-growing market. Lightspeed is proud to have invested in Endor Labs' Seed financing, and to lead their Series A round." “In order to achieve application security, every company needs to be thinking about their developer team’s productivity and workstream,” explains Sri Viswanath, general partner at Coatue and former CTO of Atlassian. “The Endor Labs team is building a mission critical solution that will not only improve security levels but also vastly improve developers’ ability to build and ship their products. I am thrilled to be joining the Endor Labs Board as they make several breakthroughs in this long ignored space.”Disruptor Will Use Oversubscribed Series A Funding From Blue-Chip VCs to Further Invest in Research & Development, Build out Application Code and Pipeline Security Capabilities, Further Invest in the Channel and Expand into EMEA
Lev Peker Appointed to Faraday Future’s Board of Directors
technology 7 Aug 2023
Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF,” “Faraday Future,” or “Company”), a California-based global shared intelligent electric mobility ecosystem company, announced today that the Board of Directors of the Company (the "Board”) unanimously appointed Lev Peker as a member of the Board and as a member and the Chair of the Audit Committee of the Board.
Mr. Peker is an automotive and retail experienced C-Suite executive who has served in the CEO role, as well as on the board of directors at various public and private organizations. He has a results-driven mindset and a strong track record of performance in turnaround and high-paced organizations. Mr. Peker is currently the CEO of PartsiD, a leading digital commerce platform for the automotive aftermarket. Prior to that, Mr. Peker was the CEO of CarLotz, a nationwide used car consignment retailer (which recently merged with Shift Technologies). Prior to that role, Mr. Peker was the CEO of CarParts.com from 2019-2022, where he oversaw a more than doubling of annual revenue, a nearly fourfold improvement in EBITDA and an increase in market capitalization of over 500%. He also led the organization through a turnaround and strategic repositioning, while creating a 3-year plan to increase operational efficiency, maximize inventory, and improve the customer experience. Mr. Peker has also held various executive roles at Adorama, Sears Holdings Corporation and US Auto Parts in his career. Mr. Peker is a Certified Public Accountant (CPA), has an MBA from The Anderson School of Management at UCLA and a BS in Accounting from USC’s Marshall School of Business.
On July 31, 2023, Adam He provided a letter of resignation as interim Board Chairman, member of the Board and member of the Audit Committee, Compensation Committee, Nominating & Corporate Governance Committee, and Selection Committee, effective immediately. The Company thanks Mr. He for his valuable service as a member of the Board.
“We are honored to have an automotive and retail industry veteran like Mr. Peker join our team during this exciting and pivotal period of the Company,” said Xuefeng (“XF”) Chen, Global Chief Executive Officer of FF. “Mr. Peker will provide valuable experience and leadership along with the rest of the Board that will help guide us as we begin the deliveries of the FF 91 2.0 Futurist Alliance to our first group of users.”
The Company recently announced the official launch of the second phase of its co-creation delivery and expects to deliver the FF 91 2.0 Futurist Alliance to the first users at a delivery ceremony later this month. This marks a significant milestone for the Company as FF initiates the second phase of its three-phase delivery plan.
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