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Palo Alto Networks Announces Intent to Acquire The Crypsis Group

SANTA CLARA, Calif., Aug. 24, 2020 /PRNewswire/ — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm….

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SANTA CLARA, Calif., Aug. 24, 2020 /PRNewswire/ — Palo Alto Networks (NYSE: PANW), the global cybersecurity leader, announced that it has entered into a definitive agreement to acquire The Crypsis Group, a leading incident response, risk management and digital forensics consulting firm. Under the terms of the agreement, Palo Alto Networks will acquire The Crypsis Group for a total purchase price of $265 million, subject to adjustment, to be paid in cash. The proposed acquisition is expected to close during Palo Alto Networks’ fiscal first quarter, subject to the satisfaction of regulatory approvals and other customary closing conditions.

As threat actors continue to professionalize and grow in sophistication, the risk of revenue and reputational impact of a security breach increases dramatically. In order to focus on the health and growth of their business, organizations need trusted partners to not only quickly and efficiently respond to and contain attacks but also leverage their learning and insight to prevent future attacks.

Palo Alto Networks already provides best-in-class prevention, detection and response capabilities through Cortex XDR. The addition of The Crypsis Group’s security consulting and forensics capabilities will strengthen Cortex XDR’s ability to collect rich security telemetry, manage breaches and initiate rapid response actions. The Crypsis Group’s experts and insights will also fuel the Cortex XDR platform with a continuous feedback loop between incident response engagements and product research teams to prevent future cyberattacks. The company expects to integrate The Crypsis Group’s processes and technology into Cortex XDR to further enhance its ability to safeguard organizations at every stage of the security lifecycle.

The Crypsis Group’s more than 150 security consultants have handled some of the most complex and significant cybersecurity incidents, responding to more than 1,300 security engagements per year. Named one of the Top 10 Digital Forensics Services Companies of 2019 and 2020 by Enterprise Security magazine, The Crypsis Group has served more than 1,700 organizations across the healthcare, financial services, retail, e-commerce and energy industries. The firm’s CEO, Bret Padres, will join Palo Alto Networks. 

The Crypsis Group currently operates as part of the ZP Group, an organization with a portfolio of companies specializing in breach response, national security solutions and IT staffing.

QUOTES: 

“The proposed acquisition of The Crypsis Group will significantly enhance our position as the cybersecurity partner of choice, while expanding our capabilities and strengthening our Cortex strategy. By joining forces, we will be able to help customers not only predict and prevent cyberattacks but also mitigate the impact of any breach they may face.”

Nikesh Arora, chairman and CEO of Palo Alto Networks

“We have dedicated ourselves to creating a more secure world through the fight against cybercrime. Together with Palo Alto Networks, we will be able to help businesses and governments better respond to threat actors on a global scale.”

– Bret Padres, CEO of The Crypsis Group

“Bret Padres and the Crypsis leadership team have built a world-class incident response and digital forensics company. I cannot think of a better organization to leverage and scale the services that Crypsis offers than Palo Alto Networks.”

Justin Jordan, chairman and CEO of ZP Group

About Palo Alto Networks

Palo Alto Networks, the global cybersecurity leader, is shaping the cloud-centric future with technology that is transforming the way people and organizations operate. Our mission is to be the cybersecurity partner of choice, protecting our digital way of life. We help address the world’s greatest security challenges with continuous innovation that seizes the latest breakthroughs in artificial intelligence, analytics, automation, and orchestration. By delivering an integrated platform and empowering a growing ecosystem of partners, we are at the forefront of protecting tens of thousands of organizations across clouds, networks, and mobile devices. Our vision is a world where each day is safer and more secure than the one before. For more information, visit www.paloaltonetworks.com.

Palo Alto Networks, Cortex XDR, and the Palo Alto Networks logo are trademarks of Palo Alto Networks, Inc. in the United States and in jurisdictions throughout the world. All other trademarks, trade names, or service marks used or mentioned herein belong to their respective owners.

Forward-Looking Statements
This press release contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Such forward-looking statements include statements regarding our intention to acquire The Crypsis Group, expectations regarding the timing of when the acquisition will be completed, the expected benefits of the acquisition of The Crypsis Group to us, our market position, and our customers, the expected impact of the acquisition on our offerings, our expectations regarding our existing and acquired offerings performing as intended, and our integration plans. These forward-looking statements are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. There are a significant number of factors that could cause actual results to differ materially from statements made in this press release, including risks associated with new product and subscription releases, including our limited operating history; risks associated with managing our growth; our ability as an organization to successfully integrate The Crypsis Group and acquire and integrate other companies, products or technologies in a successful manner; the risks associated with new products and subscription and support offerings, including the discovery of software bugs; our ability to attract and retain new customers; delays in the development or release of new subscription offerings, or the failure to timely develop and achieve market acceptance of new products and subscriptions as well as existing products and subscription and support offerings; rapidly evolving technological developments in the market for network security products and subscription and support offerings; length of sales cycles; and general market, political, economic and business conditions.  Additional risks and uncertainties are included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” in our quarterly report on Form 10-Q filed with the Securities and Exchange Commission (“SEC”) on May 22, 2020, which is available on our website at investors.paloaltonetworks.com and on the SEC’s website at www.sec.gov. Additional information will also be set forth in other filings that we make with the SEC from time to time. All forward-looking statements in this press release are based on information available to us as of the date hereof, and we do not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made or to update the reasons why actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.

SOURCE Palo Alto Networks, Inc.

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Source: https://www.prnewswire.com:443/news-releases/palo-alto-networks-announces-intent-to-acquire-the-crypsis-group-301117321.html

Press Releases

Adams Resources & Energy, Inc. Completes Acquisition Of VEX Pipeline And Related Pipeline Terminal Facilities

HOUSTON, Oct. 22, 2020 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that GulfMark Energy, Inc., Adams’ crude oil marketing subsidiary, and its wholly owned subsidiary, GulfMark Terminals, LLC (collectively, “GulfMark”) has…

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HOUSTON, Oct. 22, 2020 /PRNewswire/ — Adams Resources & Energy, Inc. (NYSE AMERICAN: AE) (“Adams” or the “Company”) today announced that GulfMark Energy, Inc., Adams’ crude oil marketing subsidiary, and its wholly owned subsidiary, GulfMark Terminals, LLC (collectively, “GulfMark”) has acquired the outstanding equity interests of Victoria Express Pipeline, LLC (“VEX”) and certain related pipeline terminal facility assets from EnLink Midstream Operating, L.P. 

The VEX Pipeline System, with truck and storage terminals at both Cuero and the Port of Victoria, Texas, is a crude oil and condensate pipeline system, which connects the heart of the Eagle Ford Basin to the Gulf Coast waterborne market.  The VEX Pipeline System includes 56 miles of 12-inch pipeline, which spans DeWitt county to Victoria county, Texas, with 350,000 barrels of above ground storage, two 8 bay truck offload stations, and access to two docks at the Port of Victoria.  The VEX Pipeline System can receive crude oil by pipeline and truck, and has downstream pipeline connections to two terminals today, with potential for additional downstream connection opportunities in the future.  The pipeline system has a current capacity of 90,000 barrels per day. 

“Over the last several years, the VEX Pipeline System has been integral to GulfMark’s crude oil supply and marketing business in the Eagle Ford and Gulf Coast region,” said Greg Mills, President of GulfMark.  “As one of the system’s largest shippers, we look forward to fully integrating the VEX Pipeline System into our Gulf Coast marketing business, which will further strengthen our ability to provide excellent service to the producers in the region, as well as more effectively service our end-user markets along the Gulf Coast.  As important, the VEX Pipeline System complements our existing storage terminal and dock at the Port of Victoria, where GulfMark will now control 450,000 barrels of storage with three docks.”

Kevin Roycraft, Adams’ Chief Executive Officer and President, commented, “This acquisition is expected to provide growth opportunities to the current GulfMark business, as we will participate in a greater portion of the midstream value chain for crude oil and condensate production moving from the wellhead to the end market.  By effectively managing these assets, we plan to further enhance the quality and value of the services our customers have come to expect from GulfMark, as well as begin to provide midstream services to both new and former customers of the VEX Pipeline System.  Finally, we believe this transaction will generate long-term cash flow, and represents another key milestone in our strategic efforts to prudently grow the business.”

Adams Resources & Energy, Inc. is primarily engaged in the business of crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals and dry bulk through its two subsidiaries, GulfMark Energy, Inc. and Service Transport Company, respectively. For more information, visit www.adamsresources.com.

Cautionary Statement Regarding Forward-Looking Statements
This news release contains certain “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. Forward-looking statements relate to future events and anticipated results of operations, business strategies, and other aspects of our operations or operating results. In many cases you can identify forward-looking statements by terminology such as “anticipate,” “intend,” “plan,” “project,” “estimate,” “continue,” “potential,” “should,” “could,” “may,” “will,” “objective,” “guidance,” “outlook,” “effort,” “expect,” “believe,” “predict,” “budget,” “projection,” “goal,” “forecast,” “target” or similar words. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, the Company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: Adams’ ability to efficiently integrate the VEX assets and to obtain the anticipated benefits therefrom, and other risk factors included in Adams’ reports filed with the Securities and Exchange Commission.  However, there can be no assurance that such expectation or belief will result or be achieved. Unless legally required, Adams undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: 
Tracy E. Ohmart
EVP, Chief Financial Officer
[email protected]
(713) 881-3609

SOURCE Adams Resources & Energy, Inc.

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Source: https://www.prnewswire.com:443/news-releases/adams-resources–energy-inc-completes-acquisition-of-vex-pipeline-and-related-pipeline-terminal-facilities-301158426.html

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Gerber Technology Redefines Mass Production with Launch of Revolutionary, Next-Generation Cutting Room

NEW YORK, Oct. 22, 2020 /PRNewswire/ — Gerber Technology is revolutionizing the flexible materials processing industry with the launch of their end-to-end solution for mass production, which will be unveiled at their annual technology conference, ideation, on November 4-6. The connected…

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NEW YORK, Oct. 22, 2020 /PRNewswire/ — Gerber Technology is revolutionizing the flexible materials processing industry with the launch of their end-to-end solution for mass production, which will be unveiled at their annual technology conference, ideation, on November 4-6. The connected platform features the new Atria digital cutting solution and the October 2020 release of AccuMark® 2D and 3D, AccuNest™ and AccuPlan™. With decades of industry experience, a rich history of innovation and feedback from it’s global customer base, Gerber developed a next-generation, digital mass production solution that will offer the best throughput, quality and price per piece in the market.

The Atria digital cutting room leverages Industry 4.0 and IoT to seamlessly integrate with Gerber’s pattern design, cut planning and nesting solutions, which connects the entire mass production process from CAD to the cut room. Gerber’s latest product releases deliver what manufacturers need to succeed in the post-COVID world by integrating data management, improving efficiencies, reducing material waste, optimizing nesting and cutting production costs.

“We designed the Atria to be the most intelligent, integrated, and high-performance cutter the mass production market has ever seen,” said Lenny Marano, Chief Commercial Officer at Gerber Technology. “The new normal COVID era is a challenge for many manufacturers and requires them to be agile and innovative. The Atria is backed by Gerber’s end-to-end solution that will allow companies to easily adapt and respond to consumer demands and market challenges.”

The Atria digital cutting room builds on the innovative spirit of Joseph Gerber, the company’s founder and the pioneer behind the first automated cutting solution. As the industry’s smartest machine to date, the Atria promises to transform mass production by improving overall throughput by 50%, reducing consumable usage by over 30% and improving material yield by 5% with zero buffer cutting in many applications at full speed. The intuitive solution will be a gamechanger for the workwear, denim, furniture, transportation and personal protective equipment (PPE) markets as it utilizes powerful algorithms to eliminate errors, reduces costs and ensure data integrity at every point in the process.

The Atria has already received high praise from early adopters who have been testing and leveraging the advanced cutting room solutions for several months. GDI Grupo Diamante Internacional, manufacturer of professional uniforms, emphasized the Atria’s ability to cut even the toughest materials. The company has been able to cut 30% more material since implementing the Atria into their workflow . Apparel manufacturer, Lesato, has also seen a major improvement in cut quality. The Atria has allowed them to significantly increase their ply height while cutting faster and with absolute precision..   

“Fashion and transportation industries were two of the industry segments most impacted by COVID-19, which meant manufacturers in these industries had to quickly adapt their processes, accelerate eCommerce and look for new ways to connect with customers and maintain a competitive edge,” said Ron Ellis, Director of Hardware Product Management at Gerber Technology. “The Atria’s state-of-the-art control technology and intelligent sensors enable versatility and make it the perfect solution for a variety of markets including apparel, transportation and furniture”

For more information on the Gerber Atria Digital Cutter, please watch this interview with Leonard Marano and Ron Ellis.

About Gerber Technology
Gerber Technology delivers industry-leading software and automation solutions that help apparel and industrial customers improve their manufacturing and design processes and more effectively manage and connect the supply chain, from product development and production to retail and the end customer. With customers in 134 countries, Gerber Technology has a global team of passionate experts to support companies in apparel and accessories, personal protective equipment, home and leisure, transportation, packaging and sign and graphics industries.   

Based in Connecticut in the USA, Gerber Technology is owned by AIP, a New York-based, global private equity firm specializing in the technology sector and has more than $3.0 billion assets under management. The company develops and manufactures its products from various locations in the United States and Canada and has additional manufacturing capabilities in China.

Visit www.gerbertechnology.com for more information.

Contact: Ketty Pillet
Tel: +1 860-896-6036
Email: [email protected]

SOURCE Gerber Technology

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Source: https://www.prnewswire.com:443/news-releases/gerber-technology-redefines-mass-production-with-launch-of-revolutionary-next-generation-cutting-room-301158425.html

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Con Edison Declares Common Stock Dividend

NEW YORK, Oct. 22, 2020 /PRNewswire/ — Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable December 15, 2020 to stockholders of record as of November 18, 2020. Consolidated Edison, Inc. is one of the nation’s…

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NEW YORK, Oct. 22, 2020 /PRNewswire/ — Consolidated Edison, Inc. (Con Edison) (NYSE: ED) declared a quarterly dividend of 76.5 cents a share on its common stock, payable December 15, 2020 to stockholders of record as of November 18, 2020.

Consolidated Edison, Inc. is one of the nation’s largest investor-owned energy-delivery companies, with approximately $13 billion in annual revenues and $59 billion in assets. The company provides a wide range of energy-related products and services to its customers through the following subsidiaries: Consolidated Edison Company of New York, Inc., a regulated utility providing electric, gas and steam service in New York City and Westchester County, New York; Orange and Rockland Utilities, Inc., a regulated utility serving customers in a 1,300-square-mile-area in southeastern New York State and northern New Jersey; Con Edison Clean Energy Businesses, Inc., which through its subsidiaries develops, owns and operates renewable and energy infrastructure projects and provides energy-related products and services to wholesale and retail customers; and Con Edison Transmission, Inc., which through its subsidiaries invests in electric and natural gas transmission projects.

SOURCE Consolidated Edison, Inc.

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Source: https://www.prnewswire.com:443/news-releases/con-edison-declares-common-stock-dividend-301158418.html

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