Aviatrix will Preview the Results of its 2024 Secure Cloud Networking Field Report Exclusively at AWS re:Invent 2023

Aviatrix, a leader in Secure Cloud Networking, has conducted its annual survey of Aviatrix Certified Engineers (ACEs), which this year revealed surprising revelations from the cloud, networking, and security practitioners with boots on the ground.

Among the key findings:

• When it comes to security, more than two times as many cloud network outages were caused by firewalls than by cyber attacks within respondents' organizations in the last year.
• Respondents report that "cost controls" and "visibility and troubleshooting" are the two biggest hurdles to taking full advantage of public cloud.
• Even as generative AI initiatives skyrocketed in the past year, more than a third of respondents reported that those AI initiatives have not impacted cloud budgets or have even decreased them.
• The majority of companies surveyed have struggled to hire the necessary candidates to support cloud initiatives within their organization – and that number has stayed consistent year-over-year.

This year's survey included more than 400 global respondents spanning security, cloud, networking roles, with several reporting they hold more than one of these roles at their organization. More than half of the respondents were from enterprise organizations with more than 2,000 employees.

Aviatrix will be offering an exclusive early look at the results of its 2024 Secure Cloud Networking Field Report exclusively at Amazon Web Services (AWS) re:Invent 2023 from November 27 - December 1 in Las Vegas, NV.

The collaboration will enable Proximus to modernize its IT stack, optimize costs and broaden its portfolio of offerings

Infosys, a global leader in next-generation digital services and consulting, today announced yet another successful collaboration with Proximus, Belgium's leading digital services and communications solutions provider, to deliver an IT modernization and consolidation project. The project will see Infosys consolidating key components of the IT stack of a Proximus affiliate into the main IT stack, enabling them among others to offer fiber and new digital services to more of its customers.

As part of the project, Infosys acted as a managing partner to synergize Proximus' and its affiliate's ecosystems, adopting an outcome-based model. The highly complex project spanned 70+ applications, multiple vendors, and was successfully completed in time and within budget. As result, the affiliate's technology stack was modernized to meet future demands, with accelerated time to market, and an increased portfolio of offerings.

The collaboration builds on Infosys' existing 25-year relationship with Proximus to transform, develop and maintain Proximus' IT applications. 

Antonietta Mastroianni, Chief Digital & IT Officer at Proximus, said, "Our affiliates are an important part of Proximus' multi-brand strategy. They have a fantastic reputation in Belgium when it comes to quality service at great prices. In order to continue to ensure smooth operations and an enhanced portfolio of offerings to all our customers, it was crucial to achieve deeper integration in the Proximus IT stack. A complex transition, involving multiple vendors, applications in an evolving landscape meant that we needed new operating model and sourcing strategy that could anticipate and adapt to our requirements. Infosys as a managing partner for this venture with the out-tasking model enabled us to successfully complete the program on time and with great quality of delivery."

Anand Swaminathan, Executive Vice President and Global Industry Leader, Communications, Media and Technology at Infosys, said, "Collaborating on this program with Proximus has been an exciting journey for Infosys strengthening the 25-year strategic partnership between our two organizations. Infosys played the role of a managing partner for the end-to-end delivery of this extremely complex program involving multiple partners, applications, and a new operating model. We're proud to have helped Proximus and its affiliate bring connectivity and new digital services to even more customers."

Mage R22.2 adds several new capabilities in anonymization and test data management that will reimagine data security and privacy for enterprises worldwide.

Mage Data™ today announced the launch of the latest update to the Mage Data Security Platform with the release of Mage R22.2. This update introduces new features and enhancements to existing capabilities as part of a continuous evolution of the award-winning Mage Data Security Platform.

"We have leveraged valuable customer feedback and the requirements of the evolving data security landscape to enhance the capabilities of the Mage Data Security Platform with the R22.2 release," said Anil Bhat, Senior VP of Engineering & Customer Success at Mage Data™. "With the improved anonymization capabilities and support for multiple databases & cloud stores, this release will help our customers realize the full potential of their data within the enterprise while at the same time being compliant with privacy requirements."

"The R22.2 release brings on-board several new features that will have a positive impact for our customers from the get-go," said Padma Vemuri, Senior VP, Product & Design at Mage Data™. "Capabilities like the improved Agentless Static Data Masking approach and addition of new masking methods will be of immediate support to improve business outcomes for enterprises and ensure that the Mage Data Security platform continues to be the best possible solution to unlock their full business potential while complying with complex data security and privacy requirements."

Along with new capabilities and performance & memory optimizations, the platform enhancements available with the R22.2 release includes the introduction of an automated installer for easy one-click installation, APIs and ability to execute scripts for end-to-end automation, and an improved support for HL7 & EDI files.

Previous version releases of the Mage Data Security Platform have received outstanding customer reviews and the R22.2 release looks to tread the same path with improvements in performance and scalability. The release has garnered widespread positive feedback from the initial impressions of both analysts and existing customers.

Remark's Presentations at Key Conferences and Trade Shows via Channel Partners Such as Arrow, Intel, Nvidia, and PNY Have Led to Key Introductions to New Customers

Remark Holdings, Inc., a diversified global technology company with leading artificial intelligence ("AI") solutions and digital video analytics, today announced its financial results for its quarter ended September 30, 2023. For complete details of the consolidated financial statements and accompanying management's discussion and analysis, please see Remark's filings with the SEC (www.sec.gov).

Management Commentary 

"During the third quarter of 2023, our team continued its tireless efforts to develop strategic relationships with top-level channel partners and with the best systems integrators—relationships that will position Remark to both geographically diversify and then quickly scale up business," said Kai-Shing Tao, Chairman and Chief Executive Officer of Remark Holdings.

"During the past fiscal quarter, we have signed contracts with customers or with systems integrators in at least five countries in Central and South America, as well as in Malaysia and India. Additionally, we are currently engaged in discussions with one of the top cloud computing companies in the world. We expect to be able to announce an agreement from these discussions shortly that will result in our AI computer vision solutions being added to one of the top cloud marketplaces and having the cloud computing partner's salesforce positioning our product to IT departments of top corporations around the globe. The world is clamoring for the functionalities and capabilities that we believe only our solutions can currently provide."

Mr. Tao continued, "Our team, along with NVIDIA and PNY, presented at Smart City Expo World Congress in Barcelona and Gartner IT Symposium | Expo. We also announced a Sales and Marketing collaboration with Arrow Electronics and Intel which has already led to numerous opportunities for new customers which we will pursue in the upcoming quarters."

"While the lingering effects of COVID-19 preventative measures and geopolitical tensions, including the tensions between the U.S. and China that have been increasing in recent months, have muted our current operating results, we are confident that the behind-the-scenes work we have been doing to reduce reliance on one geographic market and allow us to diversify and scale up our business will soon meet with success," concluded Mr. Tao

Third Quarter 2023 Business Highlights 

• The company signed contracts in Brazil, Colombia, Malaysia and India that represent initial forays into such markets and which should begin to contribute to revenue as early as the first quarter of 2024.
• Remark AI released its natural-language Smart Chat Agent to investigate, file and fulfill real-time 311 service requests, alleviating the backlog that arises from the lack of human agents support during busy and critical times. Using Remark AI's proprietary large language model ("LLM"), its Smart Chat Agent can communicate with callers and text requests using natural language to understand the context and urgency of the situation. Remark's 311 agent can simultaneously process twenty service requests with LLM while supporting up to 40 languages.
• Remark AI deployed its Smart Campus solutions to an additional 20 educational campuses in China, bringing total installations to more than 750 campuses and helping protect more than 1.5 million students, contributing approximately $0.2 million in revenue.

Third Quarter 2023 Financial Results 

• Revenue for the third quarter of 2023 totaled $0.2 million, compared to $2.8 million during the same quarter in 2022.
  • The company's project completions slowed in China as business and economic recovery efforts that continue since strict COVID-19 related restrictions were lifted at end of 2022, as well as the political tensions between the U.S. and China, continued to make it more difficult than expected for Remark to complete projects on a steadily increasing pace. During the third quarter of 2023, the company completed certain projects worth approximately $1.4 million, but the agreement with the customer has not yet met the requirement for revenue recognition during the quarter.
• The company's operating loss decreased to $4.1 million in the 2023 third quarter compared to $6.7 million in the same period of 2022. In addition to the decrease in revenue and a $2.2 million decrease in cost of revenue, operating loss primarily decreased due to activity in general and administrative expense including decreases of $2.3 million in the amount of reserve for doubtful accounts recorded, $0.8 in legal and professional fees, $0.5 million in stock-based compensation expense, and $0.3 million in business development expense. The decrease in general and administrative expense was partially offset by a $0.7 million increase in technology and development expense.
• Net loss totaled $7.2 million, or $0.39 per basic and diluted share, in the 2023 third quarter, compared to a net loss of $8.9 million, or $0.85 per basic and diluted share, in the same quarter of 2022. In addition to the 39% decrease in operating loss compared to the same quarter in 2022, the decrease in net loss was primarily the result of the 2022 third quarter including a $0.4 million accrual that did not recur in the 2023 third quarter and a $0.3 million loss on investment that did not recur in the 2023 third quarter.
• At September 30, 2023, the company's cash balance was approximately $0.3 million, compared to a cash balance of less than $0.1 million at December 31, 2022. Net cash used in operating activities was $9.1 million during the nine months ended September 30, 2023, a 33% decrease compared to the $13.6 million during the nine months ended September 30, 2022.

Conference Call Information 

Management will hold his afternoon at 4:30 p.m. Eastern Time (1:30 p.m. Pacific Time) to discuss the Company's financial results and provide an update on recent business developments. A question and answer session will follow management's presentation.

The live conference may be accessed via telephone or online webcast.
Date: Monday, November 20, 2023
Time: 4:30 p.m. Eastern time (1:30 p.m. Pacific time)
Toll-Free Number: 844.826.3033
International Number: 412.317.5185
Conference ID: 10184475
Online Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1644273&tp_key=3b0843b3e3
Participants are advised to log in for the live webcast 10 minutes prior to the scheduled start time.
A replay of the call will be available after 7:30 p.m. Eastern time on the same day through December 4, 2023.
Toll-Free Replay Number: 844.512.2921
International Replay Number: 412.317.6671
Replay ID: 10184475

Taulia Virtual Cards provides a seamlessly integrated working capital tool to simplify B2B payments

Taulia, a leading provider of working capital management solutions, has partnered with Mastercard to launch Taulia Virtual Cards. The new solution provides businesses with additional working capital management advantages, including the ability to maximize cash flow and minimize payment uncertainty. Following Taulia Virtual Cards’ seamless integration across SAP ERP solutions, including SAP S/4HANA and other major enterprise resource planning (ERP) platforms, corporates can streamline previously cumbersome payment-related tasks more effectively and affordably.

Initially, two major banks - Degussa Bank and HSBC - are set to participate. Taulia customers will benefit through their existing issuer relationships, meaning customers can deploy virtual cards and extend the current benefits offered by their own banks through Taulia, while also enjoying the speed, controls, and efficiency of virtual card payments. This “bring your own bank” capability is made possible by Taulia’s integration with Mastercard’s innovative virtual card platform, which is connected with more than 80 banks globally.

This partnership will allow Taulia to expand its working capital solutions for businesses by leveraging virtual cards generated through Mastercard upon request, providing significant time and cost savings to corporates seeking more consumer-grade user experiences in their enterprise platforms.

Through the tightly integrated virtual card experience, businesses benefit from greater spend control and more options to pay suppliers efficiently. On the other end, suppliers gain improved cash flow and enhanced visibility, alleviating friction across B2B transactions.

Danielle Weinblatt, Chief Product Officer, Taulia, commented: “We are delighted to be partnering with Mastercard, doubling down on our commitment to transform the world of global trade and commerce by bringing our customers a fully embedded working capital management solution that prioritizes the customer experience.”

Rebecca Meeker, Senior Vice President, Global Partnerships and Segments, Mastercard, commented: “Fragmented B2B payment practices have held businesses back for too long. Virtual cards accelerate automation and support cash flow through increased access to working capital, which is why Mastercard is thrilled to work with Taulia and its banking partners to extend the benefits of virtual cards while prioritizing customer experience.”

Arati Kurien, Global Head of Commercial Cards Product Management, HSBC, commented: “We’re pleased to be embracing innovation through our partnerships with Taulia and Mastercard, which will now provide our clients with an integrated virtual card payment solution within the Taulia platform. Embedding HSBC’s financial services into the systems that our clients use day to day is a key focus for us.”

Matthias Weiß, Board Member, Degussa Bank AG, commented: “We are very excited to provide our customers an SAP-integrated virtual credit card solution and are looking forward to a successful partnership with Taulia to grow our German procurement footprint.”

The new technology called Build with AI is powered by GPT-3 and 20+ years of SurveyMonkey data and allows users to draft a survey by simply describing the desired survey or goal

SurveyMonkey, a global leader in online surveys and forms, today announced the international availability of Build with AI, a new survey creation feature powered by AI research and deployment company, OpenAI. Build with AI, the newest capability in the SurveyMonkey Genius^® line-up of AI-enabled features, allows users to create surveys from just a written description, automating and accelerating the survey creation process. Build with AI is available now and is free for all SurveyMonkey users.

With Build with AI, anyone can create tailored surveys and forms in as little as 30 seconds by typing a description of the desired survey or the feedback goal. The feature also offers a selection of prompts for popular feedback and research use cases that can be used instead of self-drafted descriptions for an even bigger head start. Users can then review the automatically generated survey, edit as needed and send. As organisations continue to see an increase in demand for feedback in a post-COVID-19 world, Build with AI allows users in marketing, insights, HR, IT, CX and more to collect granular feedback even faster.

Key capabilities of Build with AI include:

• Custom survey generation in under a minute based on a user’s unique survey description or by leveraging expert-written, pre-drafted prompts for common use cases
• Guidance for survey drafting to help users at any expertise level ask the right questions in the right ways
• Safety features that enable the power of GPT-3 while keeping data secure
• Support in 50+ languages so surveys resonate with audiences around the world
• Higher-quality insights and increased response rates with clear, easy-to-understand survey questions based on decades of survey data and best practices, no matter how complex the topic
• Holistic integration with existing SurveyMonkey Genius AI features, which includes AI capabilities across the survey creation, collection and analysis user experience. By combining SurveyMonkey’s decades of survey experience with AI and machine learning technology, users can build better surveys, gather higher-quality data from key audiences and spot impactful insights faster without needing deep expertise

“There is one common attribute in most AI-driven applications: speed. While speed is critical in today’s environment, you can’t sacrifice accuracy, especially when you are using AI at work,” said Eric Johnson, chief executive officer at SurveyMonkey. “We’ve got one of the world’s biggest survey datasets, and we’re leveraging it to help our users create and deploy methodologically sound surveys that will yield useful insights faster than ever before. Our tools have always helped deliver key insights in a timely manner. Today, we are doubling down on that, employing artificial intelligence combined with the depth and breadth of our proprietary dataset to help people make impactful decisions faster and more frequently.”

Clayton announced it has appointed Brian Olearczyk as its Chief Growth Officer to drive expansion in the US market.

With experience in the Salesforce ecosystem, Brian will be pivotal in leading Clayton's growth, expanding upon an already impressive footprint of over 500 teams. With Brian’s help, Clayton will continue to help even more engineering teams build secure, well-architected applications on the platform efficiently.

“We are thrilled to welcome Brian to Clayton. His remarkable leadership and depth of knowledge in scaling businesses make him an ideal fit for our ambitious and growing team," said Lorenzo Frattini, CEO and Founder of Clayton. "With Brian's guidance, Clayton will continue to thrive in the ever-evolving security landscape, helping even more Salesforce end users and engineering teams build secure apps."

Brian brings over 20 years of experience, having previously held prominent leadership roles in renowned organisations such as OwnBackup, RevCult, and Tangoe. His strategic insight and passion for innovation in the security sector make him a driving force behind numerous successful market expansions.

"Development on the Salesforce platform has increased dramatically in the last few years and will continue to expand exponentially with the impact of Generative AI. These trends drive the need for ever more automation," said Brian Olearczyk, Chief Growth Officer of Clayton. "Clayton upholds a reputation for making customers successful in delivering cutting-edge and secure apps for Salesforce and a history of innovation to meet future needs as they arise. I’m excited to help educate the ecosystem about Clayton."

Under Brian's leadership, Clayton aims to expand its market presence worldwide and foster even more strategic collaborations and partnerships. While most of Clayton’s customers are North America based, this will be Clayton’s first US hire and enable even more expansion in the region.

His appointment reinforces Clayton's commitment to nurturing a culture of excellence, ensuring sustained growth in an increasingly competitive marketplace.

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Company’s cloud-native unified and modular platform recognized for its ability to provide a next-gen Security Operations Center platform with the vital addition of Identity Threat Detection and Response

Gurucul, the leader in Next-Gen SIEM, XDR, UEBA and Identity & Access Analytics, today announced that Gurucul Security Analytics and Operations Platform has been named the winner of a Platinum 2023 ‘ASTORS’ Homeland Security Award from American Security Today. It was recognized for its ability to automate and accelerate data collection, event and alert correlation, detection triage, investigation, and response to targeted attacks. The Gurucul platform combines threat intelligence with an enterprise-class risk engine that drastically reduces mean-time-to-detect (MTTD) and mean-time-to-respond (MTTR). Gurucul’s platform can also support the most complex deployments including on-premises, hybrid, and cloud (SaaS, private, GovCloud, and multi-cloud including multi-tenancy), addressing the needs of today’s modern enterprise and managed detection and response (MDR) providers.

American Security Today’s Annual ‘ASTORS’ Awards is the preeminent U.S. Homeland Security Awards Program. It is designed to recognize industry leaders of Physical and Border Security, Cybersecurity, Emergency Preparedness (Management and Response, Law Enforcement, First Responders), as well as federal, state, and municipal government agencies, as they work to keep our nation secure.

“With an increase in attacks around phishing, social engineering, credential theft, and ransomware, it is more important than ever to go beyond current security solutions that are overly concerned with endpoints, and instead focus on securing identities attached to multiple entities and devices,” said Saryu Nayyar, CEO of Gurucul. “As organizations continue to transform their SOC to support multi-cloud deployments and more, they are looking for an end-to-end solution to help them identify and confirm an entire attack campaign more rapidly. We’re honored to be recognized by the ASTORS once again for this prestigious award, and named amongst an incredible lineup of innovative companies and individuals.”

The Gurucul Security Analytics and Operations Platform provides a unique set of core capabilities that goes beyond current Next-Gen SIEM and XDR solutions and are critical in improving security operations effectiveness, including:

• Deployment Options – On-premises, hybrid, cloud (including SaaS, private, GovCloud, and multi-cloud).
• Multi-Cloud Threat Detection, Investigation, and Response – Real-time data ingestion, correlation, analytics, detection, and risk driven response across multiple clouds.
• Automated Data Pipeline – An Automated Data Interpretation Engine to ingest structured and unstructured data from any source.
• Gurucul STUDIOTM – Advanced and fully customizable analytics that include transparent machine learning models to accommodate custom use cases.
• Enterprise-Class Risk Engine – All-encompassing analytics-driven risk scoring to accelerate investigation with high-fidelity alerts and automated responses.
• Threat Intel & Content – The largest library of threat models, MITRE ATT&CK coverage, and curated threat intelligence powered by Gurucul Threat Labs™.
• Gurucul MinerTM – Contextual raw and normalized search across all data silos.
• Risk Driven Security Control Automation – Out of the box case management, playbooks, workflows, and downstream integrations with the ability to customize.
• Identity Threat Detection and Response – Identity-centric context across enterprise and multi-cloud environments, reduced identity and access threat plane, and automated threat detection early in the kill chain.

“ASTORS’ nominations are evaluated on their technical innovation, interoperability, specific impact within the category, overall impact to the industry, relatability to other industry technologies, and application feasibility outside of the industry,” said AST’s Editorial Director Tammy Waitt.