SYNCHRONOSS TECHNOLOGIES, INC. ANNOUNCES PRICING OF $100 MILLION PUBLIC OFFERING OF COMMON STOCK

 

BRIDGEWATER, N.J., June 28 (Bernama-GLOBE NEWSWIRE) -- Synchronoss Technologies, Inc. (SNCR) (the “Company” or “Synchronoss”), a global leader and innovator in cloud, messaging and digital products and platforms, today announced the pricing of an underwritten public offering of 38,461,538 shares of its common stock at a public offering price of $2.60 per share. The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses payable by Synchronoss, are expected to be $100 million. In addition, Synchronoss has granted the underwriters a 30-day option to purchase up to 3,846,154 additional shares of common stock at the public offering price, less the underwriting discounts and commissions. All of the shares in the offering are being sold by Synchronoss. Synchronoss anticipates using the net proceeds from the offering, and from the offering of Senior Notes and sale of Series B Preferred Stock (each as described below), to fully redeem all outstanding shares of Synchronoss’ Series A Convertible Participating Perpetual Preferred Stock and repay amounts outstanding under Synchronoss’ revolving credit facility. The offering is expected to close on or about June 29, 2021, subject to satisfaction of customary closing conditions.  B. Riley Securities, Inc. (“BRS”) is acting as the lead underwriter and sole book-running manager for the offering. Northland Capital Markets is acting as co-manager for the offering.  Concurrently with the offering, the Company is offering, by means of a separate prospectus supplement, $120 million aggregate principal amount of senior notes due 2026 (the “Senior Notes”). In addition, B. Riley Principal Investments, LLC (“BRPI”), an affiliate of BRS, has entered into an agreement pursuant to which BRPI has agreed to purchase $75.0 million of the Company’s Series B Preferred Stock in a private transaction to be completed concurrently with the closing of the offering.  The shares of common stock described above are being offered by Synchronoss pursuant to a shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and declared effective by the SEC on August 28, 2020. A preliminary prospectus supplement relating to and describing the terms of the offering is filed with the SEC and is available on the SEC’s web site at www.sec.gov. The final terms of the offering will be disclosed in a final prospectus supplement to be filed with the SEC. Copies of the final prospectus supplement (when available) and accompanying prospectus relating to these securities may also be obtained by sending a request to: B. Riley Securities, Inc., at 1300 North 17th Street, Suite 1300, Arlington, VA 22209 or by calling (703) 312‐9580 or by emailing prospectuses@brileyfin.com.  This press release does not constitute an offer to sell or the solicitation of an offer to buy any of these securities, nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.   http://mrem.bernama.com/viewsm.php?idm=40387

Hainan Free Trade Port activities promote intangible cultural heritage inheritance

 

KUALA LUMPUR, June 17 -- The 1st Nanshan Intangible Cultural Heritage Festival in 2021 is one of the intangible cultural heritage-oriented activities that celebrates the Cultural and Natural Heritage Day held by Hainan Free Trade Port, the only free trade port in China.

Centering around the theme, ‘intangible cultural heritage of people and for people’, the Hainan Bureau of Tourism and Culture carried out nearly 100 activities in the province, mainly in exhibition sites at Haikou city, Sanya city, Wuzhishan city, Ding'an county, and Baoting county.

The rich variety of cultural events has enabled residents, tourists and the entire society to benefit from the preservation of intangible cultural heritage and achievement of related R&D, according to a statement.

Apart from the Nanshan Intangible Cultural Heritage Festival in Sanya, Hainan Intangible Cultural Heritage Shopping Festival was held in the Haikou exhibition site on the same day, with the ‘live broadcast promotion + offline fair’ having attracted nearly 800,000 participants.

Meanwhile, the exhibition site in Wuzhishan focused on the demonstration of techniques of intangible cultural heritage, with nearly 100 inheritor representatives of intangible cultural heritage showcasing their talents.

The exhibition site in Ding'an invited famous local performing artistes to present the audience with Hainan opera, puppet shows, Danzhou folk music, and other traditional music and operas included in the list of intangible cultural heritage in need of protection.

Residents and tourists that follow the progress of Hainan's intangible cultural heritage inheritance R&D will find that Hainan has taken comprehensive measures to make intangible cultural heritage closer to people's daily lives and introduce young people to their rich cultural heritage.

Many intangible cultural heritage handicrafts and creative cultural products such as vases, tea sets, and tableware not only explicitly embody the characteristics of intangible cultural heritage but also demonstrate their properties as artwork and practical objects.

Zhou Renci, the inheritor representative of seashell carving at the provincial level had been cooperating with vocational schools to implement training courses of intangible cultural heritage techniques, hoping the cultural heritage programmes which contain wisdom of humanity can be studied and accepted by more young people.

-- BERNAMA

Sophi.io bags 2 INMA Global Media Awards

KUALA LUMPUR, June 8 -- Sophi.io, The Globe and Mail’s artificial intelligence-powered optimisation and prediction platform has won the International News Media Association (INMA) Global Media Awards in two categories.

Based on a statement, the categories are Best Use of Data to Automate or Personalize and Best in Show for North America.

The Globe and Mail Publisher and Chief Executive Officer, Phillip Crawley said: “I’m particularly pleased that Sophi’s fully dynamic, real-time, personalised paywall won in two categories, and that Sophi’s ground-breaking automated print laydown technology was nominated for its use with Naviga and Agderposten.”

Sophi also took second place in the categories of Best Initiative to Acquire Subscribers and Best Use of Data to Drive Subscriptions, Content, or Product Design and was shortlisted as a finalist in Best Initiative to Register Users, and Best Product and Tech Innovation.

“Great use of data with huge impact. Personalising paywalls is key for success in the digital subscription business for news media. This entry presents more evidence why this is true,” one judge said about the paywall technology.

This year’s competition drew 644 entries from 212 news brands in 37 countries. The judges were 44 global media experts focused on breakthrough results, unique concepts, strong creativity, innovative thinking, and winner synergies across platforms.

Sophi’s fully dynamic, personalised, real-time paywall uses natural language processing to analyse both content and user behaviour to determine when to ask a reader for money or an email address, and when to leave them alone.

It can optimise for multiple outcomes simultaneously (such as different bundles or price points) and also works well in cold-start situations.

-- BERNAMA

Mary Kay joins Ellen MacArthur Foundation, commits to circular economy

 

KUALA LUMPUR, June 2 -- Mary Kay Inc, a global advocate for environmental consciousness and corporate responsibility, has joined the Ellen MacArthur Foundation as a member of its Network.

This is part of its commitment to becoming a more sustainable, circular business, according to a statement.

Mary Kay was inducted among other influential organisations including The Ford Motor Company, International Paper, Mattel and The Fashion Institute of Technology.

The Ellen MacArthur Foundation is a UK-based charity that develops and promotes the idea of a circular economy, based on the principles of eliminating waste and pollution, keeping products and materials in use, and regenerating natural systems.

The Ellen MacArthur Foundation works with — and inspires — business, academia, policymakers, and institutions to mobilise systems solutions at scale, globally.

Mary Kay, which is set to announce its sustainability strategy later this year, hopes to work with the Ellen MacArthur Foundation and other Network organisations to further implement economy practices — with a focus on materials sourcing.

The company is committed to reducing its environmental footprint and is taking steps to improve efficiency in its operations, thinking long term to incorporate responsible business practices.

Mary Kay's global manufacturing facilities in China achieved zero waste-to-landfill status in 2014, while the global manufacturing centre located in Texas, USA, achieved the status in 2011.

-- BERNAMA

CHINA’S IMPORTANT ENERGY TRANSMISSION CHANNEL DISCOVERED VIA LIVE BROADCAST

 

KUALA LUMPUR, May 21 (Bernama) -- ‘Low-carbon development is related to the future of mankind’ has become a global consensus. 

To achieve the goal of carbon emission peak and carbon neutrality, the most important task is to realise the low-carbon transformation of the energy system.

Following this, the State Grid Jiangsu Electric Power Company and Xinhua News Agency have jointly launched a news operation, driving live broadcast car and new energy vehicles along the Huainan-Nanjing-Shanghai UHV project line.

The line is an  important energy transmission channel in China.

According to a statement, they visited the new power system with new energy as the main body, to tell the story of the practice of green and low-carbon development in the Yangtze River Delta and the harmonious co-existence of man and nature.

All along the way, the news action showed the changes in energy production and use.

Regional pilot projects are an important action for achieving China's carbon peak and carbon neutrality. 

While continuing to serve as the engine of China's economic growth, the regional integration strategy will also lead the country's zero-carbon transition and become a model for national green development.

-- BERNAMA

NEW RESEARCH SHOWS 75% OF APAC ORGANISATIONS BELIEVE ZERO TRUST FRAMEWORKS ARE VERY IMPORTANT FOLLOWING COVID-19

 

Study uncovers C-level attitudes on secure access as enterprises embrace the Everywhere Workplace


SYDNEY, May 18 (Bernama-BUSINESS WIRE) -- Ivanti Inc., the automation platform that makes every IT connection smarter and more secure, today unveiled the findings of a Frost & Sullivan study it commissioned, entitled “Embracing Secure Access in a World of Rapidly Expanding Virtual Borders” – which investigates the impact of the COVID-19 pandemic on cybersecurity and compliance attitudes and behaviors in Singapore, Australia and New Zealand.

Examining the impact of COVID-19 on business demand and cybersecurity strategies

The pandemic has negatively impacted business for enterprises in the Asia Pacific region. Most respondents experienced a moderate 1-9 percent reduction in business demand, with Australia having the highest percentage of respondents reported (80 percent), compared to those in New Zealand (73 percent) and Singapore (59 percent).

Overall, 38 percent of respondents said that their main strategy was to focus on IT operations to maintain business operations for their remote workforce during COVID-19. However, more than 40 percent of the respondents in Australia and New Zealand stated that they focused more on cybersecurity to better protect their organisation from attacks.

When it comes to cloud adoption during COVID-19, most respondents indicated their organisation adopted cloud more during the pandemic, especially those in Australia and New Zealand, with 64 percent and 57 percent of respondents agreeing that their organisation adopted cloud more during the pandemic respectively.

Devising the right security formula for today’s hybrid, adaptive modern enterprise

Consolidation and integration of solutions was ‘very important’ to 71 percent of respondents across Singapore, Australia, and New Zealand.

At the same time, the importance of zero trust frameworks increased across the board with 75 percent of all enterprises surveyed during the pandemic stating that this was very important, compared to the 64 percent that stated the same before the pandemic.

With cybercriminals now targeting the underlying technologies that support a growing remote workforce, manual, disparate security tools are not going to be sustainable for IT teams.

Enterprises are therefore recommended to adopt a strategic approach that focuses on:

• Complete visibility and centralised control by deploying solutions that provide a single view of threats, technology management, vulnerabilities and perceived risks across an organisation’s entire environment. When enterprises enter the market for new security vendors, the key features they need to look for include threat detection and response, penetration testing, vulnerability testing and scanning and security technology management.

• Support for multi-cloud and diverse environments - In order to address the mounting challenge of protecting globally dispersed data and compute environments, it is critical that the modern enterprise’s security stance encompasses assets in all environments, whether on-premises, public clouds, private clouds, or a mixed setup.

Kenny Yeo, Associate Director and Head of Asia Pacific Cyber Security Practice at Frost & Sullivan, said, “To secure digital assets in the new Everywhere Workplace, security leaders need complete visibility into all endpoints that connect to their networks. They also need to ensure that only trusted users, devices, and applications can access corporate resources. Deploying an integrated security platform that features best-in-class contextual automation and zero trust capabilities is the best way to reduce the risk of breaches and future-proof businesses.”

Michael Waring, VP Asia Pacific & Japan, Ivanti Security Solutions Group (SSG), said, “In changing the way we work, COVID-19 has also created new security challenges for organizations. As employees, we are increasingly mobile and remote, and we use an ever-changing combination of networks and devices – some of which could be vulnerable or even compromised – to access sensitive corporate IT applications. Businesses today need to adopt a zero trust approach, which enables highly secure yet more fluid ‘anytime, anywhere’ access to applications and information in the data center or in the cloud.”

The study surveyed C-Suite respondents at large enterprises with over 500 employees, across the banking and financial services industry (BFSI), as well as retail, manufacturing and healthcare verticals.

To learn more, download the Australia and New Zealand report and the Singapore report.

About Ivanti

Ivanti makes the Everywhere Workplace possible. In the Everywhere Workplace, employees use myriad devices to access IT applications and data over various networks to stay productive as they work from anywhere. The Ivanti Neurons automation platform connects the company’s industry-leading unified endpoint management, zero trust security and enterprise service management solutions, providing a unified IT platform that enables devices to self-heal and self-secure and empowers users to self-service. Over 40,000 customers, including 78 of the Fortune 100, have chosen Ivanti to discover, manage, secure, and service their IT assets from cloud to edge, and deliver excellent end user experiences for employees, wherever and however they work. For more information, visit www.ivanti.com and follow @GoIvanti.

View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210517005064/en/

Contact

Lara Johnstone
Hotwire
lara.johnstone@hotwireglobal.com
+61 433 692 366

Source : Ivanti Inc.

HILLSTONE NETWORKS NAMED WINNER OF THE COVETED GLOBAL INFOSEC AWARDS DURING RSA CONFERENCE 2021

 

Hillstone Networks Wins Market Leader, Most Innovative and Cutting Edge Awards In 9^th Annual Global InfoSec Awards at #RSAC 2021


SANTA CLARA, Calif., May 18 (Bernama-BUSINESS WIRE) -- Hillstone Networks, a leading provider of enterprise network security and risk management solutions, is proud to announce we have won the following awards from Cyber Defense Magazine (CDM), the industry’s leading electronic information security magazine:

• Market Leader in Data Center Security
• Most Innovative in Next Generation Firewall
• Cutting Edge in SD-WAN

“We’re thrilled to receive one of the most prestigious and coveted cybersecurity awards in the world from Cyber Defense Magazine. Given the recent security breach of Colonial Pipeline, it’s imperative that enterprises use the best in class when it comes to security and we are happy to have our solutions recognized by Cyber Defense Magazine. We knew the competition would be tough and with top judges who are leading infosec experts from around the globe, we couldn’t ask for more,” says Tim Liu, CTO and co-founder at Hillstone Networks.

“We scoured the globe looking for cybersecurity innovators that could make a huge difference and potentially help turn the tide against the exponential growth in cybercrime. Hillstone Networks is absolutely worthy of these coveted awards and consideration for deployment in your environment,” said Gary S. Miliefsky, Publisher of Cyber Defense Magazine.

We’re thrilled to be a member on this coveted group of winners, located here: http://www.cyberdefenseawards.com/

Please join us virtually at the #RSAC RSA Conference 2021, https://www.rsaconference.com/usa today, as we display our trophy online at our website, our blog and our social media channels.

About Hillstone Networks

Hillstone Networks’ Enterprise Network Security and Risk Management solutions provide visibility, intelligence, and protection to ensure enterprises can comprehensively see, thoroughly understand, and rapidly act against cyber-threats. Recognized by leading analysts and trusted by global enterprises, Hillstone’s solutions cover the enterprise from edge to cloud while improving total-cost-of-ownership. To learn more visit www.hillstonenet.com.

About CDM InfoSec Awards

This is Cyber Defense Magazine’s ninth year of honoring global InfoSec innovators. Our submission requirements are for any startup, early stage, later stage or public companies in the INFORMATION SECURITY (INFOSEC) space who believe they have a unique and compelling value proposition for their product or service. Learn more at www.cyberdefenseawards.com


View source version on businesswire.com: 
https://www.businesswire.com/news/home/20210517005201/en/ 


Contact

Zeyao Hu
Marketing Manager
inquiry@hillstonenet.com

Source : Hillstone Networks