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GLOBAL NEWS

With its new MDR division, Ontinue, Open Systems continues to advance.

Ontinue claims to be the only managed extended detection and response MXDR provider that uses AIdriven automation, human expertise, and the Microsoft

Ontinue claims to be the only managed extended detection and response MXDR provider that uses AIdriven automation, human expertise, and the Microsoft security platform to continuously assess and protect an organizations environment while also advancing its security posture for digital transformation.  In contrast to other MDR services currently available, Ontinues newly launched MXDR service, Ontinue ION, provides Nonstop SecOps with 24/7, alwayson protection.  Instead of trying to force customers to send their data to a backup SIEM, Ontinue ION uses a customers own Microsoft Sentinel as the source of truth allowing security teams to keep control of their data. Read More..

B2B Tech News | 1 months ago      

Jumia, an online retailer based in Africa, reduced losses in the fourth quarter.

In the fourth quarter of 2021, Jumia Technologies, the first tech startup with an emphasis on Africa to be listed on the New York Stock Exchange, repo

In the fourth quarter of 2021, Jumia Technologies, the first tech startup with an emphasis on Africa to be listed on the New York Stock Exchange, reported an adjusted loss before interest, tax, depreciation, and amortisation of $49.2 million. It is engaged in a vigorous costsaving campaign that includes decreasing headcount, reducing offerings like groceries, and cutting back on delivery services unrelated to its ecommerce company. It anticipates a significant decrease in the yearly adjusted EBITDA loss from $207 million in 2022 to $100120 million in 2023. Read More..

B2B Tech News | 1 months ago      

Asias stock markets mainly rise as U. S. Sales increase while Japans trade deficit is at an alltime low.

Asia Pacific markets were mostly higher on Thursday as investors digested Japans record trade deficit of 3.5 trillion yen $26 billion and Wall Streets

Asia Pacific markets were mostly higher on Thursday as investors digested Japans record trade deficit of 3.5 trillion yen $26 billion and Wall Streets strongerthanexpected retail sales report. In Japan, the Nikkei 225 gained 0.71%, the Topix gained 0.68%, and the S&P/ASX 200 gained 0.79%. The Hang Seng index in Hong Kong erased some of its earlier gains and closed 0.9% higher, with the Hang Seng Tech index rising 1.95%. The central bank of the Philippines raised its benchmark interest rate by 50 basis points to 6%. The Philippines central bank raised its benchmark interest rate by 50 basis points to 6% in January, as inflation reached 8.7%, its highest level since October 2008. Read More..

B2B Tech News | 1 months ago      

FINEOS names a seasoned executive as its new CFO.

The CFO of FINEOS has been named as Ian Lynagh. He has worked for the business for more than twenty years, and he has held the roles of EVP North Amer

The CFO of FINEOS has been named as Ian Lynagh. He has worked for the business for more than twenty years, and he has held the roles of EVP North America and Sales Director Europe in the past. In addition to investor relations, financial statutory and management reporting, audit, compliance, commercial management, and legal/contractual obligations, he is in charge of supervising all financial activities across the entire organisation. Lynagh graduated from Dublin City University with a BSc in Computer Science with honours. To drive the companys growth plan, he will collaborate closely with the Board and the leadership of FINEOS. Read More..

B2B Tech News | 1 months ago      

The topranked state is South Carolina. The top 33 seniors in America who are tech savvy.

According to a recent research, South Carolina will have the 33rdmost techsavvy seniors in the nation by 2023. The rankings, which included informatio

According to a recent research, South Carolina will have the 33rdmost techsavvy seniors in the nation by 2023. The rankings, which included information from the Census Bureau, Bureau of Economic Analysis, and Department of Health & Human Services, come from Seniorly, a company that assists families and older people in finding senior care facilities. Five factors, including owning a computer, having an Internet subscription, working from home, telehealth, and expenditure on technological devices, were examined in all 50 states and Washington, D.C. Read More..

B2B Tech News | 1 months ago      

Chat logs indicate that the absurd LockBit ransom was rejected by Royal Mail.

The whole transcript of the negotiations between the LockBit ransomware gang and Royal Mail, which is still experiencing issues as a result of the cyb

The whole transcript of the negotiations between the LockBit ransomware gang and Royal Mail, which is still experiencing issues as a result of the cyberattack from last month, has been made public. If the chat records are accurate, LockBit allegedly sought a $80 million ransom payment, which it estimated to be 0.5% of Royal Mails annual sales. The negotiator for Royal Mail appeared to inform LockBit that the company would not comply with the demand and that they had mistaken Royal Mail International with Royal Mail. As paying ransom demands does not lessen the danger to individuals, it is not required by data protection law, and it is not seen as a reasonable measure to secure data, the National Cyber Security Centre of the United Kingdom has cautioned enterprises against doing so. Read More..

B2B Tech News | 1 months ago      

Kenya’s fintech Power set to scale after $3M seed round.

The firm was founded in 2020 by Brian Dempsey, cofounder and CEO of Power Financial Wellness, to assist employees in accessing suitable and reasonable

The firm was founded in 2020 by Brian Dempsey, cofounder and CEO of Power Financial Wellness, to assist employees in accessing suitable and reasonable financial services. It currently has access to more than 40,000 workers in Kenya through 75 companies, 15% of whom have been able to serve. With the help of the $3 million in seed funding it received in a round that was coled by DOB Equity and included Bolt by QED Investors, Quona Capital, Zephyr Acorn, and Norrsken Accelerator, Power is currently expanding in Kenya and entering Zambia. Read More..

B2B Tech News | 1 months ago      

Pyxus International, Inc. the third quarter results for the fiscal year 2023.

The companys third quarter results, which show the companys outstanding global performance in spite of a dynamic and challenging crop year, are someth

The companys third quarter results, which show the companys outstanding global performance in spite of a dynamic and challenging crop year, are something that Pyxus president and CEO, Pieter Sikkel, is eager to discuss. Pyxus effectively navigated the current tobacco supply shortfall and met its purchase goals by utilising its global reach, which led to a rise of more than 50% in sales and other operational revenues year over year. Extra than $100 million more in cash flow from operations allowed the company to expand its financial flexibility. The company has increased its forecast for fiscal 2023 sales to be between $1.85 billion and $2.00 billion and adjusted EBITDA* to between $140 million and $155 million. The third quarter is anticipated to be the companys largest sales quarter of the fiscal year. Read More..

B2B Tech News | 1 months ago