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Palo Alto Networks Recognized by Frost & Sullivan as the 2020 Indian Network Security Vendor Company of the Year Award

MUMBAI, India, Aug. 28, 2020 /PRNewswire/ — Based on its recent analysis of the Indian network security vendor market, Frost & Sullivan recognizes Palo Alto Networks as the recipient of the 2020 Indian Company of the Year Award. Palo Alto Networks is one of the prominent leaders in the…

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Palo Alto Networks is one of the prominent leaders in the Indian cybersecurity space. Its portfolio of offerings ranges from network security, web security, cloud security, threat intelligence, endpoint security, application security, secure SD-WAN, and more. Not only does Palo Alto Networks help secure on-premise infrastructure but also virtual, datacenter and cloud environments. Its solutions provide visibility into the entire IT landscape and help enterprises build an improved security posture. Through Palo Alto Networks advanced security solutions, customers can identify threats faster and initiate a response mechanism based on accurate investigation and a team of proven threat hunters. The security vendor leverages emerging security technologies to act against unknown threats. Palo Alto Networks Next Generation Firewalls (NGFWs), which remains as the foundational element for its customers’ network security strategy, provides user-identity awareness and protection, application usage, visibility and control, secured encrypted traffic, ability to detect and prevent advanced threats, deployment flexibility, and shared threat intelligence.

Palo Alto Networks has long exhibited healthy double-digit growth, much higher than the market average. Over the last few years, India has consistently been one of the fastest growing regions for the company with a strong value proposition for customers. Although large enterprises have been the primary focus for the company, it successfully taps brownfield opportunities as well. In terms of vertical-centric adoption, most of the company’s revenue stems from advanced requirements driven by the government, BFSI, technology, education, professional services, healthcare, and telecommunications sectors.

“Palo Alto Networks adopts the platform approach towards enterprise security. It believes in delivering highly effective security in enterprises’ on-premises infrastructure while eliminating unnecessary complexity and breaking down existing silos. When it comes to securing the cloud, Palo Alto Networks offers unprecedented visibility into risks and consistently governs access, protects data, and secures cloud applications,” said Rajarshi Dhar, senior industry analyst, ICT Practice, Frost & Sullivan. “Being a next-generation security company, it strongly believes in harnessing advanced techniques like AI and ML to secure the future.”

Palo Alto Networks NGFWs deliver prevention-focused architecture that is easy to deploy and operate and uses automation to reduce the manual effort of security teams. It has the ability to inspect all traffic (applications, threats, and content) and tie that traffic to the user, irrespective of the type of device or location. Using the company’s NGFWs, enterprises protect data centers (physical and virtual) by segmenting data and applications using zero trust principles. Consistent security policies are enforced across on-premise, cloud environments, and branch locations.

“Focused on empowering enterprises with best-in-class security products that fit today’s modern IT landscape, Palo Alto Networks constantly enhances its product capabilities through innovation. It has rebranded its entire security portfolio through the introduction of Strata, Prisma, and Cortex product lines,” noted Dhar. “Its integrated security theme that connects the network, endpoint, cloud, branch, data center, IoT, 5G, and SD-WAN with advanced threat hunting, intelligence, and zero trust security is uncommon among security vendors. This approach is proving particularly popular among several large enterprises that are looking to build a strong security posture.”

Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices awards recognize companies in a variety of regional and global markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analysis, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For over five decades, Frost & Sullivan has become world-renowned for its role in helping investors, corporate leaders and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:

Tarini Singh
P: +91-20 6718 9725
E: [email protected]

SOURCE Frost & Sullivan

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Source: https://www.prnewswire.com:443/news-releases/palo-alto-networks-recognized-by-frost–sullivan-as-the-2020-indian-network-security-vendor-company-of-the-year-award-301120047.html

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SHAREHOLDER ALERT: WeissLaw LLP Investigates INSU Acquisition Corp. II

NEW YORK, Nov. 25, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of INSU Acquisition Corp. II (“INAQ” or the “Company”) (NASDAQ: INAQ) in connection with the Company’s proposed merger with…

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NEW YORK, Nov. 25, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of INSU Acquisition Corp. II (“INAQ” or the “Company”) (NASDAQ: INAQ) in connection with the Company’s proposed merger with Metromile, Inc. (“Metromile”), a privately-held digital insurance platform and pay-per-mile auto insurer.  Under the terms of the merger agreement, INAQ will acquire Metromile through a reverse merger that will result in Metromile becoming a public company traded on the Nasdaq Capital Market under the ticker symbol “MLE.”  The proposed transaction implies an estimated pro forma enterprise value of $956 million.

If you own INAQ shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

https://www.weisslawllp.com/INAQ/ 

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether INAQ’s board acted in the best interest of INAQ’s public shareholders in agreeing to the proposed transaction, whether the board was fully informed as to the valuation of Metromile, and whether all information regarding the process undertaken by the board and the valuation of the transaction will be fully and fairly disclosed to INAQ public shareholders. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE WeissLaw LLP

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Source: https://www.prnewswire.com:443/news-releases/shareholder-alert-weisslaw-llp-investigates-insu-acquisition-corp-ii-301180831.html

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Lightspeed Announces Closing of Acquisition of ShopKeep

Landmark deal cements Lightspeed as a category leader for complex SMBs in the United States as economy undergoes unprecedented digital acceleration MONTREAL, Nov. 25, 2020 /PRNewswire/ – Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce…

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Landmark deal cements Lightspeed as a category leader for complex SMBs in the United States as economy undergoes unprecedented digital acceleration

MONTREAL, Nov. 25, 2020 /PRNewswire/ – Lightspeed POS Inc. (NYSE: LSPD) (TSX: LSPD), a leading provider of cloud-based, omnichannel commerce platforms, today announced the closing of the previously-reported acquisition of ShopKeep Inc. (ShopKeep), a leading cloud commerce platform provider based in New York City. Lightspeed finalized the acquisition for consideration of $145.2 million in cash and the issuance of 7,437,397 subordinate voting shares in the capital of Lightspeed, subject to customary post-closing adjustments. Lightspeed has also assumed ShopKeep’s stock option plan, with the outstanding stock options thereunder converting into options to purchase 1,254,534 subordinate voting shares in the capital of Lightspeed.

With the closing of this acquisition, Lightspeed now serves over 100,000 customer locations worldwide, generating approximately $33 billion in gross transaction volume1 annually, in each case as of September 30, 2020. 

RBC Capital Markets acted as advisor to Lightspeed on the transaction.

About Lightspeed

Lightspeed (NYSE and TSX: LSPD) powers complex small and medium-sized businesses with its cloud-based, omnichannel commerce platforms in over 100 countries. With smart, scalable and dependable point of sale systems, Lightspeed provides all-in-one solutions that drive innovation and digital transformation within the retail, hospitality and golf industries. Its product suite enables SMBs to sell across channels, manage operations, engage with consumers, accept payments and ultimately grow their business.

Headquartered in Montreal, Canada, Lightspeed is trusted by favorite local businesses worldwide, where communities go to shop and dine. Lightspeed has staff located in Canada, USA, Europe, and Australia.

Forward-Looking Statements

This news release may include forward-looking information and forward-looking statements within the meaning of applicable securities laws (“forward-looking statements”). Forward-looking statements are statements that are predictive in nature, depend upon or refer to future events or conditions and are identified by words such as “will”, “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates” or similar expressions concerning matters that are not historical facts. Such statements are based on current expectations of the Company’s management and inherently involve numerous risks and uncertainties, known and unknown, including economic factors. A number of risks, uncertainties and other factors may cause actual results to differ materially from the forward-looking statements contained in this news release, including, among other factors, those risk factors identified in our most recent Management’s Discussion and Analysis of Financial Condition and Results of Operations, under “Risk Factors” in our most recent Annual Information Form, and in our other filings with the Canadian Securities regulatory authorities and the U.S. Securities and Exchange Committee, all of which are available under our profile on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Readers are cautioned to consider these and other factors carefully when making decisions with respect to Lightspeed’s subordinate voting shares and not to place undue reliance on forward-looking statements. Forward-looking statements contained in this news release are not guarantees of future performance and, while forward-looking statements are based on certain assumptions that the Company considers reasonable, actual events and results could differ materially from those expressed or implied by forward-looking statements made by the Company. Except as may be expressly required by applicable law, Lightspeed does not undertake any obligation to update publicly or revise any such forward-looking statements, whether as a result of new information, future events or otherwise.

_____________________________________________________________________

1Gross transaction volume means the total dollar value of transactions processed through Lightspeed’s and ShopKeep’s cloud-based SaaS platform in the period, net of refunds, inclusive of shipping and handling, duty and value-added taxes. It does not represent revenue earned by Lightspeed and ShopKeep. 

SOURCE Lightspeed POS Inc.

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Source: https://www.prnewswire.com:443/news-releases/lightspeed-announces-closing-of-acquisition-of-shopkeep-301180851.html

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SHAREHOLDER ALERT: WeissLaw LLP Investigates BMC Stock Holdings, Inc.

NEW YORK, Nov. 25, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. (“BMCH” or the “Company”) (NYSE: BMCH) in connection with the proposed acquisition of the Company by…

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NEW YORK, Nov. 25, 2020 /PRNewswire/ — WeissLaw LLP is investigating possible breaches of fiduciary duty and other violations of law by the board of directors of BMC Stock Holdings, Inc. (“BMCH” or the “Company”) (NYSE: BMCH) in connection with the proposed acquisition of the Company by Builders FirstSource, Inc. (“BLDR”) (NASDAQ: BLDR).  Under the terms of the merger agreement, BMCH stockholders will receive 1.3125 BLDR shares for each share of BMCH common stock they own, representing implied per-share merger consideration of $48.68 based upon BLDR’s November 24, 2020 closing price of $37.09.  At closing, BMCH’s current stockholders will only own a 43% stake in the combined company.

If you own BMCH shares and wish to discuss this investigation or have any questions concerning this notice or your rights or interests, visit our website:

http://www.weisslawllp.com/bmc-stock-holdings-inc/

Or please contact:
Joshua Rubin, Esq.
WeissLaw LLP
1500 Broadway, 16th Floor
New York, NY  10036
(212) 682-3025
(888) 593-4771
[email protected]

WeissLaw is investigating whether BMCH’s management and the board may have artificially revised BMCH’s financial projections downward in order to make the proposed transaction appear more favorable to BMCH stockholders than it truly is.  Despite having a pre-existing set of long-term projections developed by management and relied upon by the board during the sales process, BMCH created a new, significantly revised set of financial projections in apparent response to BLDR’s June 2020 revised all-stock acquisition proposal (“July Projections”).  This occurred little more than a month before the BMCH board agreed to the proposed merger, and seems wholly inconsistent with the Company’s recent unprecedented financial performance.  To make matters worse, the earlier set of projections, the assumptions underlying those projections, and the basis for the significant revision of the July Projections is either wholly omitted or inadequately disclosed to BMCH shareholders.  Without disclosure of the Company’s earlier long-term projections or qualitative discussion describing how the long-term projections were changed in July, BMCH stockholders have no way to assess whether the revision was proper in light of the Company’s record-setting second quarter financial results.

Given these facts, WeissLaw is concerned whether the board acted in the best interest of BMCH’s public stockholders in agreeing to the proposed transaction and whether the exchange ratio is fair to the Company’s public stockholders, and whether all information concerning the process leading to the proposed transaction and valuation of the Company on a standalone basis has been fully and fairly disclosed. 

WeissLaw LLP has litigated hundreds of stockholder class and derivative actions for violations of corporate and fiduciary duties.  We have recovered over a billion dollars for defrauded clients and obtained important corporate governance relief in many of these cases.  If you have information or would like legal advice concerning possible corporate wrongdoing (including insider trading, waste of corporate assets, accounting fraud, or materially misleading information), consumer fraud (including false advertising, defective products, or other deceptive business practices), or anti-trust violations, please email us at [email protected]

SOURCE WeissLaw LLP

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Source: https://www.prnewswire.com:443/news-releases/shareholder-alert-weisslaw-llp-investigates-bmc-stock-holdings-inc-301180830.html

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