Lenovo Accelerates ‘Smarter AI for All’ with Databricks Collaboration

 (BUSINESS WIRE)--Today, Lenovo has joined forces with Databricks to drive AI adoption amongst its customers. As a Databricks Consulting & Systems Integration (C&SI) Select Tier Partner, Lenovo will work with businesses to help them take advantage of enhanced data management capabilities, streamlining access to data from multiple sources and removing barriers to successful AI usage.

The offering will run through the Lenovo AI Center of Excellence (AI CoE), designed to help customers put AI to work for their organizations quickly, cost-effectively and at scale, with solutions that bring AI from ideation to reality. Working with the Databricks Data Intelligence Platform, Lenovo will help businesses to bring their data sources together, allowing them to increase the use of generative AI, improve their data analytics capabilities and drive innovation. The Lenovo AI Center of Excellence (AI CoE) will provide services to help customers define outcomes and rapidly innovate with the Databricks Platform to meet the unique needs of their organization.

“We’ve spoken to many customers at various stages of their AI journeys and, while most want to reap the benefits and feel the urgency to do so, their organizations aren’t ready,” commented Linda Yao, Chief Operating Officer and Head of Strategy, Lenovo Solutions & Services Group. “Our latest study showed that 90% of the CIOs we surveyed see AI as a game changer, yet over half feel their organizations lack the technical skills to scale AI quickly. By adding Databricks to Lenovo's ecosystem of leading software vendors, we can further enable our AI for all vision and bring the technology to a broader set of customers."

Starting in the Greater China and Asia Pacific Region, then rolling out globally, Lenovo will offer end-to-end expertise in solutions and services for data management, including cloud, data and AI strategy, data platform modernization, data migration, pre-built code for quick implementation, optimization, governance and audit management, and AI and ML use cases.

"Our partnership with Lenovo showcases our unwavering commitment to democratize data and AI for all organizations. We are proud to see our relationship with Lenovo transform from customer to key partner. Together, we are driving unprecedented innovation, accelerating growth, and delivering exceptional value to our customers on the Databricks Data Intelligence Platform," said Greg Taylor, VP of Partners, Databricks.

Lenovo was awarded partner status due to its broad and deep expertise in IT solutions, including over 10 years of public cloud solutions practice and rich operational experience gained in more than 15 years of data platform construction. The new offering forms part of Lenovo’s comprehensive AI Services practice that provides training and tools to help customers maximize their use of AI.

Based on insights from the recent Lenovo CIO report, most organizations struggle with how to deploy AI-powered solutions quickly, effectively, and securely. To support customers globally, Lenovo announced a comprehensive AI services portfolio aligned with the Gartner® Five Critical AI Adoption Phases. The Lenovo AI CoE aims to accelerate these services and use cases to deliver faster outcomes and improve efficiency by harnessing AI to unlock the value of their data.

"With an experienced and expert team on hand, our collaboration with Databricks will accelerate AI readiness and move customers closer to responsible and efficient AI adoption,” added Art Hu, SVP & CIO for Lenovo, and Chief Technology and Delivery Officer for Lenovo’s Solutions and Services Group. "From architecture and data management, through to implementation and governance, we can provide end-to-end solutions that remove obstacles to AI integration and help customers get to the benefits at pace."

A relationship built on Lenovo’s own experience with the Databricks Platform

Lenovo’s work with Databricks builds on a relationship that started in 2022, with Lenovo creating its own enterprise-level global data warehouse through Databricks and fundamental Azure services. Incorporating corporate common data models and 200 core KPIs to date, the warehouse supports the breadth of the organization, from product and production to supply, sales and services.

With its experience in digital and intelligent transformation and now as an implementation partner for Databricks, Lenovo is able to provide data and AI solutions based on Lenovo’s Hybrid Cloud infrastructure. The Lenovo and Databricks collaboration means customers will benefit from a modern data platform with streamlined data governance to help them accelerate their enterprise reporting and analytics and the adoption of AI applications.

About Lenovo

Lenovo is a US$57 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a pocket-to cloud portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

LENOVO is a trademark of Lenovo. All other trademarks are the property of their respective owners. ©2024 Lenovo Group Limited.

 

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Contacts

 

Zeno Group for Lenovo:
lenovossg@zenogroup.com

Datalec Precision Installations (DPI) Unveils Electronic Security Partners

  Integrated Approach Enhances Project Efficiency, Bolsters Security, and Streamlines Data Centre Installations

(BUSINESS WIRE) -- Datalec Precision Installations (DPI), a provider of world-class data centre design, build, and installation services that leverages unique technical expertise to deliver seamless end-to-end solutions for data centre operators, is proud to announce industry-leading electronic security partnerships. DPI announced the addition of its in-house Electronic Security services in November 2023, along with the appointment of 30-year security industry veteran Glenn Stephenson as Director of Operations for Electronic Security.

Since then, Glenn and DPI have grown the team and are actively installing electronic security solutions for substantial market players in the UK and EMEA. Will Blair joined DPI as a Security Sales Engineer in what is proving to be a busy and positive introductory period, showing a strong desire in the market for integrated approaches.

“Data hall security is no longer an overlay, retrofit, or afterthought,” says Glenn Stephenson, Operations Director, Electronic Security for Datalec. “Datalec is a trusted partner of choice, and we have assembled the finest electronic security partners in the industry to build world-class value-added capabilities and integrate them across all project phases.”

The industry-leading partners DPI has engaged with to deliver quality with confidence, supporting a range of customer commitments to platforms and solutions, include:

• Avigilon Alta, a Motorola Solutions company that offers a complete, end-to-end cloud-based security solution that future-proofs video security and access control with innovative capabilities and intelligent analytics.

• Axis Communications enables a smarter and safer world by creating solutions for improving security and business performance through offering solutions in video surveillance, access control, intercom, and audio systems.

• Cisco Meraki, a leader in cloud-controlled Wi-Fi, routing, and security, provides cameras and IoT manufacturing.

• Genetec is a global technology company that has been transforming the physical security industry for over 25 years. It provides video management and access control platforms.

• HID Global, powering the trusted identities of the world’s people, places, and things, provides card readers.

• Inner Range manufactures unified video, access control, and security solutions and provides video management and access control platforms.

• Milestone Systems, empowering people, businesses, and societies with data-driven video technology, provides video management platforms.

DPI is collaborating with clients and partners to bring value-added, cost-effective solutions to the genuine data centre security challenges in the market and expects to report on further positive electronic security news very shortly.

Learn more about Datalec Precision Installations (DPI): https://datalecltd.com

About Datalec

Datalec Precision Installations provides world-class data centre design, build, and installation services that leverage unique technical expertise, including technical and critical cleaning, electronic security, and managed services. Our 'One Call, One Team' service ensures a seamless end-to-end solution, achieving the highest levels of performance and efficiency. DPI's rigorous project management benefits customers by minimising risks and reducing costs. In addition, our proactive and flexible approach guarantees the delivery of customised solutions that exceed customer requirements. For more information, visit: https://datalecltd.com.

 

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Contacts

Ilissa Miller
iMiller Public Relations
Email: datalec@imillerpr.com
Tel: 1.914.315.6424

Manhattan Associates Blows Through Guidance to Report Record Revenue and Earnings

  RPO Bookings Increase 29% over Prior Year on Strong Demand Company Raises 2024 Full-Year Guidance

(BUSINESS WIRE) -- Leading Supply Chain and Omnichannel Commerce Solutions provider Manhattan Associates Inc. (NASDAQ: MANH) today reported revenue of $265.3 million for the second quarter ended June 30, 2024. GAAP diluted earnings per share for Q2 2024 was $0.85 compared to $0.63 in Q2 2023. Non-GAAP adjusted diluted earnings per share for Q2 2024 was $1.18 compared to $0.88 in Q2 2023.

“Our second quarter was another solid quarter of growth, margin expansion, and cash flow. We have achieved record second quarter and first half results, each exceeding expectations,” said Manhattan Associates president and CEO Eddie Capel.

“Manhattan’s business fundamentals are solid, as our global teams continue to execute well for our customers and deliver industry leading innovation to the market. While we remain appropriately cautious regarding the global economy, we enter the second half of the year with a record pipeline and are optimistic on our growing opportunity,” Mr. Capel concluded.

SECOND QUARTER 2024 FINANCIAL SUMMARY:

• Consolidated total revenue was $265.3 million for Q2 2024, compared to $231.0 million for Q2 2023.

• Cloud subscription revenue was $82.4 million for Q2 2024, compared to $60.9 million for Q2 2023.

• License revenue was $3.1 million for Q2 2024, compared to $3.7 million for Q2 2023.

• Services revenue was $136.8 million for Q2 2024, compared to $124.6 million for Q2 2023.

  • GAAP diluted earnings per share was $0.85 for Q2 2024, compared to $0.63 for Q2 2023.

  • Adjusted diluted earnings per share, a non-GAAP measure, was $1.18 for Q2 2024, compared to $0.88 for Q2 2023.

  • GAAP operating income was $68.2 million for Q2 2024, compared to $50.5 million for Q2 2023.

  • Adjusted operating income, a non-GAAP measure, was $92.9 million for Q2 2024, compared to $68.4 million for Q2 2023.

  • Cash flow from operations was $73.3 million for Q2 2024, compared to $40.6 million for Q2 2023. Days Sales Outstanding was 66 days at June 30, 2024, compared to 74 days at March 31, 2024.

  • Cash totalled $202.7 million at June 30, 2024, compared to $207.5 million at March 31, 2024.

  • During the three months ended June 30, 2024, the Company repurchased 342,807 shares of Manhattan Associates common stock under the share repurchase program authorized by our Board of Directors for a total investment of $75.0 million. In July 2024, our Board of Directors approved replenishing the Company’s remaining share repurchase authority to an aggregate of $75.0 million of our common stock.

SIX MONTH 2024 FINANCIAL SUMMARY:

• Consolidated total revenue for the six months ended June 30, 2024, was $519.9 million, compared to $452.0 million for the six months ended June 30, 2023.

• Cloud subscription revenue was $160.4 million for the six months ended June 30, 2024, compared to $118.2 million for the six months ended June 30, 2023.

• License revenue was $5.9 million for the six months ended June 30,2024, compared to $9.1 million for the six months ended June 30, 2023.

• Services revenue was $269.0 million for the six months ended June 30,2024, compared to $240.8 million for the six months ended June 30, 2023.

  • GAAP diluted earnings per share for the six months ended June 30, 2024, was $1.71, compared to $1.25 for the six months ended June 30, 2023.

  • Adjusted diluted earnings per share, a non-GAAP measure, was $2.21 for the six months ended June 30, 2024, compared to $1.67 for the six months ended June 30, 2023.

  • GAAP operating income was $125.8 million for the six months ended June 30, 2024, compared to $97.6 million for the six months ended June 30, 2023.

  • Adjusted operating income, a non-GAAP measure, was $172.6 million for the six months ended June 30, 2024, compared to $132.1 million for the six months ended June 30, 2023.

  • Cash flow from operations was $128.0 million for the six months ended June 30, 2024, compared to $99.3 million for the six months ended June 30, 2023.

  • During the six months ended June 30, 2024, the Company repurchased 636,399 shares of Manhattan Associates common stock under the share repurchase program authorized by our Board of Directors, for a total investment of $148.4 million. In July 2024, our Board of Directors approved replenishing the Company’s remaining share repurchase authority to an aggregate of $75.0 million of our common stock.

About Manhattan Associates

Manhattan Associates is a global technology leader in supply chain and omnichannel commerce. We unite information across the enterprise, converging front-end sales with back-end supply chain execution. Our software, platform technology and unmatched experience help drive both top-line growth and bottom-line profitability for our customers.

Manhattan Associates designs, builds and delivers leading edge cloud and on-premises solutions so that across the store, through your network or from your fulfilment centre, you are ready to reap the rewards of the omnichannel marketplace. For more information, please visit www.manh.com.

 

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Contacts

James Canham-Ash
Manhattan Associates
jash@manh.com

Carestream Wins Renowned Award for Dental Films

 ROCHESTER, N.Y. - Wednesday, 31. July 2024 AETOSWire Print 

(BUSINESS WIRE) -- We’re excited to announce Carestream recently received the Health Leaders Award in the Dental Category from Grupo Mídia in Brazil, a renowned international multimedia company.

This distinguished award, considered the highest recognition in the dental industry, recognizes our dental films for excellence. There were 23 total categories with three winners in each category.

The methodology for selecting the winners included an open vote on the awards website together with market research conducted by Grupo Mídia’s editorial group over the last 12 months.

Winning this award is a testament to our commitment to excellence, as well as a direct result of our team’s hard work and dedication. We’re looking forward to more opportunities to showcase our dedication to helping solve our customers’ biggest challenges, add more value, and enhance the overall imaging experience.

A huge thank you to our Brazil team for their contribution to this significant win for Carestream!

About Carestream Health

Carestream is a worldwide provider of medical imaging systems; X-ray imaging systems for non-destructive testing; and precision contract coating services for a wide range of industrial, medical, electronic, and other applications—all backed by a global service and support network. For more information about the company’s broad portfolio of products, solutions, and services, please contact your Carestream representative, or call 1-888-777-2072, or visit www.carestream.com.

CARESTREAM is a trademark of Carestream Health.

"Rx only"

2024

 

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Melody Warner, Global Content & Communications Manager: 5857898735

Uzbekinvest Acquires Risk and Capital Modelling Capabilities From Ultimate Risk Solutions Which Helped Them Attain Stable AM Best Rating

 

(BUSINESS WIRE) -- Ultimate Risk Solutions (“URS”) is proud to announce its important contribution into assisting Uzbekinvest Export-Import Insurance Company of Uzbekistan (“Uzbekinvest”) in attaining their stable AM Best credit rating. Through the development of advanced risk models of Uzbekinvest’s insurance and reinsurance lines of business, including catastrophe risk, URS has contributed significantly to this achievement.

AM Best, a global credit rating agency specializing in the insurance industry, has revised the outlook for Uzbekinvest from negative to stable. The Financial Strength Rating remains at B (Fair), and the Long-Term Issuer Credit Rating at “bb” (Fair). This positive shift reflects Uzbekinvest’s enhanced risk-adjusted capitalization, in part attributed to the sophisticated risk modelling and probable maximum loss estimation facilitated by URS.

URS’s expertise in risk analysis and modelling has been instrumental in this process, showcasing the company’s commitment to delivering tailored risk solutions that enhance the financial stability and performance of its clients.

“Our company, which is the largest insurance and reinsurance provider in Uzbekistan, has made significant advances in the international markets, and is striving to become a global player closely working with AM Best during the process. Risk and capital modelling capabilities offered by URS technologies allow us to keep an eye on the solvency and stability of our global risk portfolio as it continues to grow,” said Rustam Azimov, General Director of Uzbekinvest.

“We are delighted to have supported Uzbekinvest in their journey towards improved financial strength and stability,” said Alex Bushel, Founder and CEO at Ultimate Risk Solutions. “Our team’s dedication to developing sophisticated and comprehensive risk models underscores our mission to empower our clients with the tools necessary for effective risk management and sustainable growth.”

This collaboration marks a significant milestone for both Uzbekinvest and URS, highlighting the importance of innovative risk management strategies in the insurance sector. As URS continues to pioneer in risk modelling and analysis, it remains committed to helping its clients navigate the complexities of risk with confidence and precision.

About Uzbekinvest:

Uzbekinvest Export-Import Insurance Company JSC is a prominent insurance and reinsurance provider in Uzbekistan and globally. The company is committed to offering reliable and comprehensive insurance and reinsurance solutions to its clients, backed by leading modern technologies and a team of dedicated professionals. This company manages total assets valued at USD 164 million and maintains substantial reserves amounting more than USD 106 million, indicating strong financial stability and capacity to cover potential liabilities. Uzbekinvest boasts a robust global footprint, handling risks from 132 countries. It maintains strong partnerships with major reinsurance companies such as Munich Re, Swiss Re, Allianz, Zurich Insurance Company and collaborates with top-tier broking firms including AON, Willis, Marsh, Guy Carpenter, Howden and others to enhance its market reach and service capabilities.

About Ultimate Risk Solutions:

Ultimate Risk Solutions (URS) is a leading provider of risk modelling and analysis technologies and services, offering advanced solutions for insurance companies and financial institutions globally. With a focus on innovation and precision, URS delivers technologies that help clients enhance their risk management practices and achieve their strategic objectives.

Link to AM Best press release regarding revised Uzbekinvest rating outlook:

https://tinyurl.com/23pcdbck

 

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Sasha Kuznetsov, URS Marketing and Communications Lead | akuznetsov@ultirisk.com

Boston Oncology and King Fahd Medical City (KFMC) Partner to Advance Localized Cell & Gene Therapy in Saudi Arabia

CAMBRIDGE, Mass. & RIYADH, Saudi Arabia - Wednesday, 31. July 2024

(BUSINESS WIRE)--In a landmark initiative poised to transform healthcare in the Kingdom of Saudi Arabia, Boston Oncology and King Fahd Medical City (KFMC) have signed a Letter of Intent to collaborate on the localization of Cell & Gene Therapy.

The signing ceremony, attended by His Excellency Eng. Abdulaziz AlRamaih, Deputy Minister of Health for Planning and Development, marks a significant step forward in advancing the Kingdom’s medical capabilities and achieving the ambitious goals set forth in Vision 2030.

A Milestone in Healthcare Transformation

Dr. Fahad Al-Ghofaili, KFMC CEO, expressed his enthusiasm: “Localizing Cell & Gene Therapy in KFMC is an important step to increase local capabilities in advanced treatments and medical technologies, contributing to the goals of the Healthcare Transformation Project.” [Translated from Arabic]

Impact for Patients

Boston Oncology, renowned for its customer-centered model, brings extensive expertise in localizing technology. Laser-focused on the real-world needs of patients and hospitals, Boston Oncology is positioned to provide cutting-edge technologies and Cell & Gene Therapies through this partnership. This collaboration will establish a local treatment option, relieving bottlenecks in therapy provision and improving patient outcomes. The resulting Research & Development and clinical trials will significantly contribute to innovative advancements in the healthcare sector of Saudi Arabia.

Dr. Abdullah Baaj, CEO of Boston Oncology, described the partnership: “KFMC brings world-class clinicians and infrastructure, making it a destination for patients throughout the region. Joining forces to localize Cell & Gene Therapy is a transformative step towards our mission to impact the lives of one billion patients.”

About Boston Oncology Cell & Gene Therapy

Boston Oncology is an innovative life science company with a mission to impact the lives of one billion patients by 2030. With corporate headquarters in Cambridge, Massachusetts, and operations throughout the world, the company is focused on bringing patient-centered solutions and advanced treatment modalities to growing markets. Its new Cell & Gene Therapy entity establishes a fully localized offering to deliver personalized treatments that address the unique genetic profiles of patients. By partnering with leading medical institutions and leveraging leading-edge technologies, Boston Oncology CGT is expanding the company’s legacy of transformative advancements in healthcare.

Learn more at https://bostononcology.com/.

About King Fahd Medical City

King Fahad Medical City (KFMC) in Riyadh, Saudi Arabia, stands as one of the largest and most rapidly expanding medical complexes in the Middle East, with a capacity of 1,200 beds. Operating within the second health cluster, KFMC consists of four hospitals and four specialized medical centers, offering comprehensive healthcare services. Known for its advanced medical technologies and high standard of care, KFMC serves over 30,000 inpatients and 500,000 outpatients annually. The institution is committed to excellence in clinical services, medical education, research, and continuous improvement in healthcare.

Learn more at https://www.kfmc.med.sa/.

 

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Contacts

Boston Oncology Public Relations:

bo_cgt@bostononcology.com

Zoom Showcases Innovative Customer Experience Solutions at CEM Africa 2024

 Cape Town, South Africa - Wednesday, 31. July 2024

Zoom hosted interactive workshops and a dedicated exhibition booth at the event, showcasing the latest AI tools for improving customer and agent interactions.

 

Zoom Video Communications, Inc. recently demonstrated its advanced customer engagement technologies at the Customer Experience Management (CEM) Africa Summit 2024. Held from July 30 to August 1, 2024, at the Century City Conference Centre in Cape Town, the summit served as a platform for discussing transformative customer experience strategies across a variety of industries.

Mohannad AlKalash, Managing Director for the Middle East, Turkey, Africa, and Pakistan (METAP) regions, said: “At Zoom, our commitment to the METAP region goes beyond delivering advanced communication technologies; it is about propelling regional growth and fostering local talent. We were excited to share our latest innovations and strategic insights at this year’s CEM Africa Summit. Our participation demonstrated our ongoing dedication to addressing the unique needs of businesses and communities within these regions, ensuring they are equipped with the essential tools and solutions to prosper in a digital-first era.”

The summit featured a lineup of Zoom experts including Mohannad AlKalash, Managing Director for METAP, Laura Ball, CX AI Lead for EMEA, Jacques Smith, Contact Center Specialist, and Ahmed Yousef, Solutions Engineer. These sessions focused on the integration of AI into customer experiences, offering in-depth discussions on personalized customer journey mapping and advanced communication strategies.

Zoom also featured a dedicated exhibition booth where summit attendees could interact with Zoom's experts and explore advanced solutions aimed at enhancing both customer and agent interactions through innovative AI and digital tools.

Zoom's engagement at the CEM Africa Summit underscores its commitment to fostering deep connections with customers and stakeholders across the Middle East, Turkey, Africa, and Pakistan (METAP) region. 

The CEM Africa Summit hosted over 600 participants, including CX professionals, industry leaders, and business executives, to discuss trends and strategies in customer experience management. This event also featured insightful discussions, expert-led workshops, and presentations from approximately 95 speakers.

 

About Zoom

Zoom’s mission is to provide one platform that delivers limitless human connection. Zoom Workplace — the company’s AI-powered, open collaboration platform built for modern work — will streamline communications, increase employee engagement, optimize in-person time, improve productivity, and offer customer choice with third-party apps and integrations. Zoom Workplace, powered by Zoom AI Companion, will include collaboration solutions like meetings, team chat, phone, scheduler, whiteboard, spaces, Workvivo, and more. Together with Zoom Workplace, Zoom’s Business Services for sales, marketing, and customer care teams, including Zoom Contact Center, strengthen customer relationships throughout the customer lifecycle. Founded in 2011, Zoom is publicly traded (NASDAQ:ZM) and headquartered in San Jose, California. Get more info at zoom.com.

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Contacts

Ribal Temraz

APCO

Email: rtemraz@apcoworldwide.com

Mobile: 00971552826792

Sonar Introduces SonarCloud Enterprise and Team Plans for Advanced Analysis of AI-assisted and Developer Written Code

  GENEVA & AUSTIN, Texas - Wednesday, 31. July 2024 AETOSWire

New SaaS plans provide comprehensive code quality and code security visibility for developers, software engineering managers, and business leaders

 

(BUSINESS WIRE)--Sonar, the leading Clean Code solution provider, has expanded its SonarCloud offering with the availability of two new plans, SonarCloud Enterprise and SonarCloud Team. SonarCloud, the company’s fully managed SaaS solution for improving the quality and security of human-developed and AI-assisted code at scale, is used by thousands of organizations to analyze proprietary and open source projects. With the new Enterprise and Team plans for SonarCloud, Sonar empowers development teams of all sizes to deliver Clean Code with confidence.

When code isn’t clean, it can cause business outages, security risks, and poor application performance. Sonar’s Clean Code solutions help developers catch bugs, quality concerns, and security flaws early in the development process, as code is being created. This allows them to find and resolve issues before they can make it through to production, improving developer productivity, software quality, and business performance.

“Our ROI in SonarCloud kicked in from the first month. We were able to gain a better understanding of the quality of our code and start rolling out suitable adjustments for the engineering team,” said Furkan Yavuz, QA lead for Recognyte, an AI-driven real estate intelligence company.

As organizations increasingly adopt AI assistants to write code and develop software, having scalable, flexible solutions, with high availability and built-in security has become a business imperative. The new SonarCloud plans ensure developer teams can leverage SonarCloud as their needs grow, to continuously reduce exposure to risk at all levels and sustain the performance of their software, growing business through systematic development and delivery.

“The adoption of AI coding assistants and the push for faster software development have increased code volume and raised reliability concerns. However, most code scanning tools are just adding to the growing list of issues that are potential threats to business, most of which are false positives. Developers need to be empowered to find issues early and be motivated to fix them with the tools they love and have confidence in. Development teams who use SonarCloud are able to pinpoint and remediate as early in the development process as possible,” said Fabrice Bellingard, VP of Product at Sonar.

Features Made for the Enterprise

SonarCloud Enterprise offers organization-wide portfolio management, new authentication and security features, executive reporting functionality, simplified administration, enterprise service-level agreements, and dedicated commercial support for all customers. Additionally, SonarCloud Enterprise is available on AWS Marketplace, ensuring simplified procurement and onboarding.

Centralizing Controls.

Managing multiple organizations in a DevOps environment can be difficult, causing a lack of visibility into the overall security of the company’s software and the needed actions to improve it on various levels. Specific features include: Enterprise hierarchy, portfolio creation, organization-wide configurable settings, project PDF reporting for technology leads and managers, and security standard reports for IT security teams.

Authentication and Security.

Organizations tend to use a combination of different tools in their DevOps toolkit to ensure code quality and security, on top of multiple linters to support the complexity that comes with leveraging a variety of languages. Managing organization and group membership to various solutions and ensuring they are synchronized can be a large administrative effort, and lead to security risks. Features that support this and ongoing security assurance include: Single Sign-On (SSO), synchronized access management, and more scalable token management.

Simplified Administration.

At onboarding, default settings can be prepared and applied to all projects with organization-wide project configuration. This relieves the tedious and slow task that large enterprises face of configuring a high number of projects, project by project. Automated project creation at scale also supports ease in standing up SonarCloud. It enables the auto-creation of projects in SonarCloud that were initially built in an enterprise DevOps platform. Additionally, enterprise billing means that billing can be done as a single entity while being applied to multiple organizations.

More about the SonarCloud Team Plan

Flexible plans to meet the needs of all organizations.

SonarCloud’s existing Private Repo plan has been replaced by SonarCloud Team and will continue to provide the reliable, SaaS solution that users trust and rely on today. At an affordable price, SonarCloud Team provides all the benefits of the SonarQube Community Edition plus additional features like branch analysis, pull request decoration, and injection flow detection. With the Team plan, developers can scan both public and private projects for actionable insights that enable consistent and efficient Clean Code delivery all in a simple, fast time-to-value SaaS model hosted by Sonar. Teams also have control to define the quality standard they want their codebase to follow.

As a company rooted in open source, the Free plan of SonarCloud will continue to be available and will evolve through the year.

SonarCloud on AWS Marketplace

SonarCloud is available on AWS Marketplace, a curated digital catalog of independent software vendors that make it easy to find, test, buy, and deploy software that runs on Amazon Web Services (AWS). This enables seamless access to Sonar’s SaaS solution and acceleration of its deployment for AWS customers globally, whether on the Enterprise or Team plan. Hosted at AWS and replicated across multiple availability zones, data remains accessible in case of hardware failures or natural disasters. In addition, Sonar has joined the AWS Independent Software Vendor (ISV) Accelerate Program, which will help it to provide improved customer support and cloud cost management. Through its membership in the program, Sonar will increase the visibility of its services to AWS customers and partners. More information about SonarCloud on AWS Marketplace can be found here.

“When developers aren’t burdened by fixing issues downstream, they have more time for creativity, quicker release cycles, and advanced problem-solving, which all support a more positive developer experience and contribute to higher retention and lower recruitment costs,” added Bellingard.

Features described in this release will be made available throughout 2024. To learn more, visit our SonarCloud page, here.

About Sonar

Sonar's Clean Code solutions, SonarQube, SonarCloud, and SonarLint, help developers prevent code quality and security issues from ever reaching production. Sonar analyzes all code, regardless of who writes it—your internal team or genAI—resulting in more secure, reliable, and maintainable software. Rooted in the open source community, Sonar’s solutions support over 30 programming languages, frameworks, and infrastructure technologies. Today, Sonar is used by 7M+ developers and 400K organizations worldwide, including the DoD, Microsoft, NASA, MasterCard, Siemens, and T-Mobile.

To learn more about Sonar, please visit: https://www.sonarsource.com/products/all/

 

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Contacts

Media

Katie Hyman

Senior PR Manager for Sonar

(707) 291-1469

press@sonarsource.com

 

The Bahamas Introduces Transformative Digital Asset Legislation: The DARE Act 2024

 The Bahamas Leads with DARE Act 2024

(BUSINESS WIRE) -- The Securities Commission of The Bahamas (the Securities Commission) today announced the Digital Assets and Registered Exchanges Act, 2024 (DARE 2024) has been passed into law by the Parliament of The Bahamas, in a pacesetting move that solidifies the country’s position as a leader in digital asset regulation. Building upon the foundation laid by the DARE Act, 2020, the legislation introduces comprehensive reforms designed to address the evolving landscape of digital assets and cryptocurrency markets.

“DARE 2024 represents a new standard in digital asset regulation and is a testament to our commitment to robust risk management,” said Christina Rolle, Executive Director of the Securities Commission. “We have created a framework that not only focuses on investor protection, but also encourages responsible innovation, positioning The Bahamas at the forefront of digital asset regulation globally.”

The Securities Commission took a proactive approach with DARE 2024, ensuring its alignment with current international best practices and the recommendations of standard-setting bodies, including the International Organization of Securities Commissions’ standards for regulators regarding crypto and digital assets and the Financial Action Task Force Recommendations. The new legislation is also the product of focused benchmarking of global legislative and regulatory advances, evolution of emerging risks, and extensive stakeholder and industry consultation.

Key highlights of DARE 2024 include:

1. Expanded Scope: The law now encompasses a wider range of digital asset activities, including advisory or management services, digital asset derivatives and staking services. The Securities Commission also has the flexibility to add additional activities as the space evolves.
2. Enhanced Digital Asset Exchange Requirements: Digital asset exchanges must adhere to increased investor and consumer protection requirements including stringent systems and controls requirements, which enhance the integrity and security of transactions.
3. Robust Custody Framework: New provisions bring custody of digital assets or custodial wallet services under DARE 2024 and enhance the protection of client interests by requiring accessibility of digital assets, among other provisions.
4. Staking Framework: DARE 2024 introduces a first-of-its-kind disclosure regime for staking digital assets belonging to clients or the operation or management of a staking pool as a business.
5. Comprehensive Stablecoin Framework: The Act provides a clear definition for stablecoins, provides for the registration of existing stablecoins, specifies acceptable forms of reserve assets and establishes new requirements for custody and management, segregation, reporting and redemption of reserve assets. The issuance of algorithmic stablecoins is expressly prohibited.
6. Digital Asset Issuers: Investor protection measures are enhanced by the inclusion of fit and proper standards for digital asset issuers, in addition to new disclosure and financial reporting requirements.

Among the other notable provisions of DARE 2024 are robust standards addressing conflicts of interest and connected third-party relations. The new legislation also addresses the categorization of non-fungible tokens as either financial or consumer assets, provides for liquidity and reporting requirements, prohibits privacy token issuance and introduces certain restrictions on proof-of-work mining.

The implementation of DARE 2024 is expected to maintain a competitive, robust and pragmatic regulatory framework for new fintech entrepreneurs and established digital asset businesses in The Bahamas, further strengthening the country’s position as a leading international financial centre. The new legislation represents a commitment to continue evolving the regulatory framework, offering enhanced protections for consumers and investors.

The Securities Industry Act 2024 was passed into law in The Bahamas simultaneously, with DARE 2024, updating the regulatory regime for the securities industry to ensure a robust and agile framework that remains compliant with global standards and international best practices.

For more information about DARE 2024 and its implications for the digital asset industry in The Bahamas, or the Securities Industry Act 2024, please visit: https://www.scb.gov.bs/.

Editor’s Information:

1. More information about the Digital Assets and Registered Exchanges Act, 2024 can be found on the Commission’s website (www.scb.gov.bs/dare-act-2024-information/).
2. The Securities Industry Act, 2024 can be found on the Commission’s website (www.scb.gov.bs/legislative-framework/acts-and-regulations/).
3. In addition to the SIA and DARE Act, the Commission administers the Investment Funds Act, 2019, the Financial and Corporate Service Providers Act, 2020 and the Carbon Credit Trading Act, 2022.

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Contacts

Shari Smith

Vice President, Burson

shari.smith@bursonglobal.com

SIAL Insights 2024 Unveils Key Trends Shaping the Future of Food and Announces Early Bird Ticket Prices Until July 31

  

Feeling: Despite economic challenges, consumers prioritize pleasure in their food choices. Over 52% of new products aim to deliver sensory enjoyment, especially in lower-income households where food serves as an affordable source of comfort and joy.

Connecting: The importance of collective dining experiences has grown, with a renewed focus on community building through food. Nearly 30% of respondents cite communal dining as a key reason for eating out, and traditional dishes and heritage ingredients are gaining popularity.

Caring: Health and sustainability are critical concerns. There is a growing demand for natural, minimally processed foods, with 74% of consumers expressing concern about the health implications of their diet. Interest in organic and fair-trade products is on the rise, although price remains a barrier for many. Personalized nutrition is also trending, with 65% of respondents willing to pay more for healthier products.

Special Report: Technological Innovations in Food

Technological advancements are transforming the food industry. E-commerce offers convenience and cost savings, with online food sales growing by 11% in France. Precision agriculture and vertical farming are addressing the challenges of resource management and environmental impact. The report also explores the potential of lab-grown proteins as sustainable alternatives to traditional farming.

To download the full report and to enjoy the early bird price ticket promotion available until July 31, visit Sial Paris Website.

About SIAL Paris
Organised by Comexposium, SIAL Paris is the largest food industry trade fair in the world with more than 7,500 exhibitors and 400,000 exhibited products. The event is part of the SIAL Network, the world’s largest network of food and drink trade fairs. Through eleven regular events, the network brings together 17,000 exhibitors and 700,000 professionals from over 200 countries. The next SIAL Paris will be held from 19 to 23 October 2024 at Paris Nord Villepinte. www.sialparis.com

 

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Press contact

Pamela Themonis: pamela.themonis@comexposium.com
Gladys Leroy: gladys.leroy@comexposium.com

Lineage Announces Pricing of Initial Public Offering

 (BUSINESS WIRE) -- Lineage, Inc. (the “Company”) today announced the pricing of its underwritten initial public offering of 56,882,051 shares of its common stock at the initial public offering price of $78.00 per share. In addition, the underwriters of the offering have been granted a 30-day option to purchase from the Company up to 8,532,307 additional shares of its common stock at the initial public offering price, less underwriting discounts and commissions. The Company intends to use the net proceeds received from the offering to repay borrowings outstanding under its delayed draw term loan, repay borrowings outstanding under its revolving credit facility, fund one-time cash grants to certain of its employees in connection with this offering and estimated cash to pay tax withholding obligations associated with stock grants and redeem its Series A preferred stock. Following such uses, the Company expects to use the remaining net proceeds for general corporate purposes, which may include the repayment of additional borrowings outstanding under its revolving credit facility.

The Company’s common stock is expected to begin trading on the Nasdaq Global Select Market on July 25, 2024, under the ticker symbol “LINE.” The offering is expected to close on July 26, 2024, subject to customary closing conditions.

Morgan Stanley, Goldman Sachs & Co. LLC, BofA Securities, J.P. Morgan and Wells Fargo Securities are acting as joint lead book-running managers for the proposed offering. RBC Capital Markets, LLC, Rabo Securities USA, Inc., Scotia Capital (USA) Inc., UBS Securities LLC, Capital One Securities, Inc., Truist Securities, Inc., Evercore ISI, Robert W. Baird & Co. Incorporated, KeyBanc Capital Markets Inc., Mizuho Securities USA LLC, PNC Capital Markets LLC, Deutsche Bank Securities Inc., CBRE Capital Advisors, Inc., HSBC Securities (USA) Inc., Piper Sandler & Co. and Regions Securities LLC are acting as joint book-running managers for the proposed offering. Blaylock Van, LLC, Cabrera Capital Markets LLC, C.L. King & Associates, Inc., Drexel Hamilton, LLC, Guzman & Company, Loop Capital Markets LLC, Roberts & Ryan Investments, Inc. and R. Seelaus & Co., LLC are acting as co-managers.

The offering is being made only by means of a prospectus. Copies of the final prospectus related to this offering, when available, may be obtained from Morgan Stanley, Prospectus Department, 180 Varick Street, New York, New York 10014, or email: prospectus@morganstanley.com; Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, telephone: 1-866-471-2526, facsimile: 212-902-9316, or email: prospectus-ny@ny.email.gs.com; BofA Securities, NC1-022-02-25, 201 North Tryon Street, Charlotte, North Carolina 28255-0001, Attention: Prospectus Department, email: dg.prospectus_requests@bofa.com; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 or by email at prospectus-eq_fi@jpmchase.com and postsalemanualrequests@broadridge.com; and Wells Fargo Securities, 90 South 7th Street, 5th Floor, Minneapolis, MN 55402, at 800-645-3751 (option #5) or email a request to WFScustomerservice@wellsfargo.com.

About Lineage

Lineage, Inc. is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

Important Information

A registration statement relating to these securities has been filed with, and declared effective by, the U.S. Securities and Exchange Commission (the “SEC”) on July 24, 2024. Copies of the registration statement can be accessed through the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Forward-Looking Statements

Certain statements contained in this press release, including statements relating to Lineage’s expectations regarding the completion and timing of its proposed public offering and listing, may be considered forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Lineage intends for all such forward-looking statements to be covered by the applicable safe harbor provisions for forward-looking statements contained in those acts. Such forward-looking statements can generally be identified by Lineage’s use of forward-looking terminology such as “may,” “will,” “expect,” “intend,” “anticipate,” “estimate,” “believe,” “continue,” “seek,” “objective,” “goal,” “strategy,” “plan,” “focus,” “priority,” “should,” “could,” “potential,” “possible,” “look forward,” “optimistic,” or other similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Such statements are subject to certain risks and uncertainties, including known and unknown risks, which could cause actual results to differ materially from those projected or anticipated. Therefore, such statements are not intended to be a guarantee of Lineage’s performance in future periods. Except as required by law, Lineage does not undertake any obligation to update or revise any forward-looking statements contained in this release.

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Contacts

Investor Relations Contact

Evan Barbosa

VP, Investor Relations

ir@onelineage.com

Media Contact

Megan Hendricksen

VP, Global Marketing & Communications

pr@onelineage.com