KUALA LUMPUR, Nov 18 (Bernama) -- AV AirFinance Limited (AV AirFinance), a global commercial aviation loan servicer, has appointed Jonathan O’Dowd as Senior Vice President, Investments.
Based in Singapore, O’Dowd will be responsible for credit underwriting and strategic airline relations globally, according to a statement.
AV AirFinance Chief Executive Officer, Stephen Murphy, said the company is delighted to welcome O’Dowd to the AV AirFinance team.
“Jonathan has a strong track record in building and managing airline relationships, and his extensive network will be a great benefit to our expanding direct-to-airline business,” he said.
O’Dowd brings over 14 years of experience in aviation and asset finance. Prior to joining AV AirFinance, he served as Director of Aviation Risk at Castlelake, where he worked on risk and strategic initiatives.
His extensive network and experience in building long-term relationships with airlines have enabled him to source and structure opportunities such as pre-delivery payment (PDP) financings, rated structures, and finance leases.
Headquartered in Dublin, Ireland with offices in the United States and Singapore, AV AirFinance focuses on arranging financing for commercial aircraft to airlines, lessors, manufacturers, cargo operators and investors, secured by new and used commercial aircraft and engines.
-- BERNAMA
Monday, 18 November 2024
BERMUDA’S EVERGREEN INSURANCE CREDIT RATINGS DOWNGRADED - AM BEST
KUALA LUMPUR, Nov 18 (Bernama) -- AM Best has downgraded the financial strength rating to A- (excellent) from A (excellent) and the long-term issuer credit rating to “a-” (excellent) from “a” (excellent) of Bermuda’s Evergreen Insurance Company Limited (EICL).
These credit ratings (ratings) which have a stable outlook, reflect EICL’s balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, limited business profile and appropriate enterprise risk management.
In a statement, the global credit rating agency said the ratings also reflected the parental support EICL received from Evergreen International S.A. and Evergreen International Corporation in terms of capital, business development, operations and risk management.
The rating downgrades reflect changes to EICL’s operating performance and business profile assessment, based on the company’s latest business plan to cease underwriting new business starting from mid-May 2024.
AM Best revised the company’s operating performance assessment to adequate from strong given that its top-line and bottom-line results are projected to drop materially in the next two years, while its business profile assessment revised to limited from neutral due to the planned reduction in business scale.
As measured by Best’s Capital Adequacy Ratio, EICL’s balance sheet strength is underpinned by its risk-adjusted capitalisation, which was at the strongest level at year-end 2023.
As a pure captive of Evergreen Group, EICL’s in-force underwriting portfolio primarily consists of marine, aviation and property risks related to the group’s operations.
The company has historically been a beneficiary of support from its shareholders and the wider parent group. AM Best expects EICL’s shareholders will remain committed and continue to render support to the company during the run-off period in terms of capital, risk management and operations, if needed.
-- BERNAMA
BYD EXPANDS ENERGY STORAGE PARTNER PROGRAMME, UNVEILS NEW PRODUCTS
KUALA LUMPUR, Nov 18 (Bernama) -- BYD Co Ltd has expanded its partner programme for BYD Energy Storage solutions recently during a partner conference at its headquarters.
In November this year, the company hosted the conference, providing an opportunity for partners to share their experiences, engage with the technical team, and receive an exclusive preview of upcoming products and features.
BYD Energy Storage general manager, Yin Xiaoqiang said the company is committed to continuous investment in research and development (R&D), as well as in production facilities, to ensure its energy storage solutions are not only leading the innovation curve but also produced with the highest safety standards and in a cost-efficient way.
“Another important factor in our product development is active dialogue with our partners and customers. Therefore, regular meetings with partners from the distribution and installation sector, are part of our partner programme.
“We take their feedback and insights seriously and advance our solutions to help them address current and future demands in the efficient use and storage of renewable energy,” he said in a statement.
A key goal of the conference was to gain insights into current market challenges the partners are facing and how the energy storage solutions can assist in overcoming them. Many wholesalers and installers reported that customer hesitations to invest into photovoltaic (PV) and related technology has been a barrier due to a current market slowdown.
However, they confirmed that solutions such as the BatteryBox series have been instrumental in attracting customers, as the demand for integrated PV and energy storage solutions continues to grow.
The high charging power of the BYD BatteryBox systems was also highlighted as a significant advantage, especially in light of trends like bidirectional charging and dynamic electricity pricing.
In addition to the user conference and a tour of BYD’s headquarters, partners were given a look behind the scenes at one of its most advanced production facilities in Nanning, specialising in the R&D and manufacturing of energy storage cells and systems from May 2023.
-- BERNAMA
In November this year, the company hosted the conference, providing an opportunity for partners to share their experiences, engage with the technical team, and receive an exclusive preview of upcoming products and features.
BYD Energy Storage general manager, Yin Xiaoqiang said the company is committed to continuous investment in research and development (R&D), as well as in production facilities, to ensure its energy storage solutions are not only leading the innovation curve but also produced with the highest safety standards and in a cost-efficient way.
“Another important factor in our product development is active dialogue with our partners and customers. Therefore, regular meetings with partners from the distribution and installation sector, are part of our partner programme.
“We take their feedback and insights seriously and advance our solutions to help them address current and future demands in the efficient use and storage of renewable energy,” he said in a statement.
A key goal of the conference was to gain insights into current market challenges the partners are facing and how the energy storage solutions can assist in overcoming them. Many wholesalers and installers reported that customer hesitations to invest into photovoltaic (PV) and related technology has been a barrier due to a current market slowdown.
However, they confirmed that solutions such as the BatteryBox series have been instrumental in attracting customers, as the demand for integrated PV and energy storage solutions continues to grow.
The high charging power of the BYD BatteryBox systems was also highlighted as a significant advantage, especially in light of trends like bidirectional charging and dynamic electricity pricing.
In addition to the user conference and a tour of BYD’s headquarters, partners were given a look behind the scenes at one of its most advanced production facilities in Nanning, specialising in the R&D and manufacturing of energy storage cells and systems from May 2023.
-- BERNAMA
Thursday, 14 November 2024
CLOUDERA UNVEILS NEW AI ASSISTANT TO HELP SUPERCHARGE EFFICIENCY FOR DATA PRACTITIONERS
Cloudera Copilot for Cloudera AI accelerates productivity, enhances collaboration, and supports continuous learning to improve project outcomes for data scientists, engineers, and developers
SANTA CLARA, Calif. and PARIS, Nov 14 (Bernama-GLOBE NEWSWIRE) -- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced at EVOLVE24 Paris, Cloudera Copilot for Cloudera AI, introducing secure and intelligent assistant capabilities that help to supercharge productivity and streamline data workflows. Built to meet the needs of data scientists, engineers, and developers, Cloudera Copilot improves reproducibility across projects, ultimately helping to enable enterprises to get trusted data, analytics, and AI applications into production faster than ever.
At the forefront of digital transformation and AI journeys, data practitioners face an increasingly complex web of productivity, collaboration, and duplication challenges. AI assistants overcome these challenges by enhancing the user experience for data practitioners, while providing IT leaders seeking secure AI-enhanced tools for peace of mind. By embedding an AI-powered assistant directly into Cloudera, Cloudera Copilot helps users write high-quality, consistent code and focus on innovation more effectively and securely.
Cloudera is one of the first data and analytics platform vendors to deliver an AI assistant specifically tailored for data practitioners, offering deep integration within data workflows in a secure, enterprise-grade platform that prioritizes compliance and governance. Cloudera Copilot operates within an AI ecosystem, delivering robust, AI-driven coding assistance while also providing on-demand support, reinforcing Cloudera’s position as a trusted data partner and the leader in secure, hybrid AI solutions.
Specifically, Cloudera Copilot:
· Automates code generation, data transformation, and troubleshooting, enabling data practitioners to focus on high-impact tasks and innovation.
· Provides consistent coding assistance, empowering teams to work more effectively across diverse languages, libraries, and workflows.
· Includes on-demand guidance, optimal solutions, and insights for users to maintain high coding standards, ultimately reducing errors and improving project outcomes.
“Data practitioners are the lifeblood of an enterprise and giving them AI-powered tools specifically designed to enhance their job performance offers benefits to a business as a whole,” said industry analyst, Sanjeev Mohan. “AI assistants like Cloudera Copilot expand the scope of employees who can access AI tools so an entire organization can capitalize fully on the benefits of AI. This unlocks greater visibility, efficiency, and productivity.”
“Cloudera is continuously modernizing our AI solutions to give our customers deeper access to data-driven insights at scale,” said Dipto Chakravarty, Chief Product Officer at Cloudera. “Today, Cloudera provides one of the fastest routes to achieving trusted AI initiatives, and Cloudera Copilot further accelerates enterprise’s ability to derive business value from their data via actionable insight.”
Visit our Cloudera blog to learn more about Cloudera Copilot for Cloudera AI.
About Cloudera
Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.
To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
Contact
Jess Hohn-Cabana
cloudera@v2comms.com
SOURCE: Cloudera, Inc.
--BERNAMA
SANTA CLARA, Calif. and PARIS, Nov 14 (Bernama-GLOBE NEWSWIRE) -- Cloudera, the only true hybrid platform for data, analytics, and AI, today announced at EVOLVE24 Paris, Cloudera Copilot for Cloudera AI, introducing secure and intelligent assistant capabilities that help to supercharge productivity and streamline data workflows. Built to meet the needs of data scientists, engineers, and developers, Cloudera Copilot improves reproducibility across projects, ultimately helping to enable enterprises to get trusted data, analytics, and AI applications into production faster than ever.
At the forefront of digital transformation and AI journeys, data practitioners face an increasingly complex web of productivity, collaboration, and duplication challenges. AI assistants overcome these challenges by enhancing the user experience for data practitioners, while providing IT leaders seeking secure AI-enhanced tools for peace of mind. By embedding an AI-powered assistant directly into Cloudera, Cloudera Copilot helps users write high-quality, consistent code and focus on innovation more effectively and securely.
Cloudera is one of the first data and analytics platform vendors to deliver an AI assistant specifically tailored for data practitioners, offering deep integration within data workflows in a secure, enterprise-grade platform that prioritizes compliance and governance. Cloudera Copilot operates within an AI ecosystem, delivering robust, AI-driven coding assistance while also providing on-demand support, reinforcing Cloudera’s position as a trusted data partner and the leader in secure, hybrid AI solutions.
Specifically, Cloudera Copilot:
· Automates code generation, data transformation, and troubleshooting, enabling data practitioners to focus on high-impact tasks and innovation.
· Provides consistent coding assistance, empowering teams to work more effectively across diverse languages, libraries, and workflows.
· Includes on-demand guidance, optimal solutions, and insights for users to maintain high coding standards, ultimately reducing errors and improving project outcomes.
“Data practitioners are the lifeblood of an enterprise and giving them AI-powered tools specifically designed to enhance their job performance offers benefits to a business as a whole,” said industry analyst, Sanjeev Mohan. “AI assistants like Cloudera Copilot expand the scope of employees who can access AI tools so an entire organization can capitalize fully on the benefits of AI. This unlocks greater visibility, efficiency, and productivity.”
“Cloudera is continuously modernizing our AI solutions to give our customers deeper access to data-driven insights at scale,” said Dipto Chakravarty, Chief Product Officer at Cloudera. “Today, Cloudera provides one of the fastest routes to achieving trusted AI initiatives, and Cloudera Copilot further accelerates enterprise’s ability to derive business value from their data via actionable insight.”
Visit our Cloudera blog to learn more about Cloudera Copilot for Cloudera AI.
About Cloudera
Cloudera is the only true hybrid platform for data, analytics, and AI. With 100x more data under management than other cloud-only vendors, Cloudera empowers global enterprises to transform data of all types, on any public or private cloud, into valuable, trusted insights. Our open data lakehouse delivers scalable and secure data management with portable cloud-native analytics, enabling customers to bring GenAI models to their data while maintaining privacy and ensuring responsible, reliable AI deployments. The world’s largest brands in financial services, insurance, media, manufacturing, and government rely on Cloudera to use their data to solve what was impossible—today and in the future.
To learn more, visit Cloudera.com and follow us on LinkedIn and X. Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names may be trademarks of their respective owners.
Contact
Jess Hohn-Cabana
cloudera@v2comms.com
SOURCE: Cloudera, Inc.
--BERNAMA
MEDIDATA SECURES HIGHEST LEADERSHIP POSITION IN EVEREST GROUP'S FIRST LIFE SCIENCES CLINICAL TRIAL MANAGEMENT SYSTEM PRODUCTS PEAK MATRIX® ASSESSMENT
NEW YORK, Nov 14 (Bernama-BUSINESS WIRE) -- Medidata, a Dassault Systèmes brand and the leading provider of clinical trial solutions to the life sciences industry, has been recognized as a leader in Everest Group's first-ever Life Sciences Clinical Trial Management System Products PEAK Matrix® Assessment 2024. The report assessed 13 providers based on the market impact of their products and their ability to deliver successful, high-quality offerings.
Medidata Rave CTMS leads the industry by providing seamless, real-time patient data outputs that transform enrollment tracking and enable faster, data-driven decisions. Offering instant visibility for study teams, Rave CTMS streamlines collaboration, eliminates manual data entry, and accelerates trial timelines with exceptional accuracy.
“We are honored to be recognized as the highest leader in CTMS by Everest Group,” said Tom Doyle, chief technology officer, Medidata. “This accolade underscores our unwavering commitment to transforming research and reaffirms our strategy to deliver new, AI-powered experiences that reshape how organizations design, plan, and manage trials end-to-end with the greatest impact.”
Added Doyle, “In 2025, Medidata will embed AI-driven insights within study planning and execution solutions, enabling simulation of trial design, process simplification, and enhanced efficiency.”
Medidata is the only provider to be named a leader in Everest Group’s CTMS, electronic data capture (EDC) and decentralized clinical trial (DCT) assessments for its Medidata Rave EDC, Medidata Platform, and its work in DCT.
For more information, visit our website.
About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 34,000 trials and 10 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and the largest patient-level historical clinical trial data set in the world. More than 1 million registered users across approximately 2,200 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com and follow us @Medidata.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112190210/en/
Contact
Medidata PR
Medidata.PR@3ds.com
Analyst Relations
Medidata.AR@3ds.com
Source : Medidata
--BERNAMA
Medidata Rave CTMS leads the industry by providing seamless, real-time patient data outputs that transform enrollment tracking and enable faster, data-driven decisions. Offering instant visibility for study teams, Rave CTMS streamlines collaboration, eliminates manual data entry, and accelerates trial timelines with exceptional accuracy.
“We are honored to be recognized as the highest leader in CTMS by Everest Group,” said Tom Doyle, chief technology officer, Medidata. “This accolade underscores our unwavering commitment to transforming research and reaffirms our strategy to deliver new, AI-powered experiences that reshape how organizations design, plan, and manage trials end-to-end with the greatest impact.”
Added Doyle, “In 2025, Medidata will embed AI-driven insights within study planning and execution solutions, enabling simulation of trial design, process simplification, and enhanced efficiency.”
Medidata is the only provider to be named a leader in Everest Group’s CTMS, electronic data capture (EDC) and decentralized clinical trial (DCT) assessments for its Medidata Rave EDC, Medidata Platform, and its work in DCT.
For more information, visit our website.
About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 34,000 trials and 10 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and the largest patient-level historical clinical trial data set in the world. More than 1 million registered users across approximately 2,200 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com and follow us @Medidata.
About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. We provide business and people with collaborative virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers can redefine the creation, production and life-cycle-management processes of their offer and thus have a meaningful impact to make the world more sustainable. The beauty of the Experience Economy is that it is a human-centered economy for the benefit of all – consumers, patients and citizens. Dassault Systèmes brings value to more than 350,000 customers of all sizes, in all industries, in more than 150 countries. For more information, visit www.3ds.com.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the 3DS logo, the Compass icon, IFWE, 3DEXCITE, 3DVIA, BIOVIA, CATIA, CENTRIC PLM, DELMIA, ENOVIA, GEOVIA, MEDIDATA, NETVIBES, OUTSCALE, SIMULIA and SOLIDWORKS are commercial trademarks or registered trademarks of Dassault Systèmes, a European company (Societas Europaea) incorporated under French law, and registered with the Versailles trade and companies registry under number 322 306 440, or its subsidiaries in the United States and/or other countries. All other trademarks are owned by their respective owners. Use of any Dassault Systèmes or its subsidiaries trademarks is subject to their express written approval.
About Everest Group
Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, and products and solutions within various market segments. Likewise, providers of these services, products, and solutions look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112190210/en/
Contact
Medidata PR
Medidata.PR@3ds.com
Analyst Relations
Medidata.AR@3ds.com
Source : Medidata
--BERNAMA
Wednesday, 13 November 2024
VRAD UNVEILS TWO VIRTUAL REALITY-BASED MEDICAL SIMULATORS FOR GLOBAL MARKETS
KUALA LUMPUR, Nov 13 (Bernama) -- VRAD Co Ltd has announced its entry into international markets by launching two widely recognised Korean-developed virtual reality (VR)-based simulators, NS_Core, a nursing skills education simulator, and IP_Trauma, a trauma patient care simulator.
According to VRAD in a statement, these products support a broad range of languages, including Korean, English, Vietnamese, Thai, Indonesian, Chinese, Japanese, Kazakh, and German, with Spanish and French language support anticipated by the end of the year.
NS_Core is an immersive clinical simulation solution designed for nursing skill training using Meta's virtual reality headset, allowing users to perform a variety of clinical exercises in a VR environment with simulated patients.
This solution offers an innovative approach to addressing the challenges of hands-on medical training within nursing school curricula by providing a metaverse-based virtual training space.
Developed through a collaboration between general hospitals and university nursing departments, NS_Core enables intensive, repetitive practice on 20 essential nursing skills, significantly enhancing clinical performance among nursing students.
Meanwhile, IP_Trauma offers a comprehensive VR training environment for medical personnel to acquire and refine essential trauma care skills, areas traditionally challenging to practice effectively.
Developed in partnership with several prominent Korean universities and hospitals, it is an immersive clinical simulation platform featuring reactive scenario simulations, where outcomes vary based on the user’s choices and actions. It also adheres to the globally recognised Advanced Trauma Life Support (ATLS) protocol standards.
Within the IP_Trauma simulator, multiple users can communicate in real time, practicing critical decision-making and trauma care techniques in a virtual environment. The simulation covers over 40 procedural steps, from pre-hospital preparation to patient transfer to the operating room.
Currently recognised as a leading VR medical technology provider in Korea, VRAD’s products are actively used in over 90 medical and educational institutions, both domestically and internationally.
-- BERNAMA
According to VRAD in a statement, these products support a broad range of languages, including Korean, English, Vietnamese, Thai, Indonesian, Chinese, Japanese, Kazakh, and German, with Spanish and French language support anticipated by the end of the year.
NS_Core is an immersive clinical simulation solution designed for nursing skill training using Meta's virtual reality headset, allowing users to perform a variety of clinical exercises in a VR environment with simulated patients.
This solution offers an innovative approach to addressing the challenges of hands-on medical training within nursing school curricula by providing a metaverse-based virtual training space.
Developed through a collaboration between general hospitals and university nursing departments, NS_Core enables intensive, repetitive practice on 20 essential nursing skills, significantly enhancing clinical performance among nursing students.
Meanwhile, IP_Trauma offers a comprehensive VR training environment for medical personnel to acquire and refine essential trauma care skills, areas traditionally challenging to practice effectively.
Developed in partnership with several prominent Korean universities and hospitals, it is an immersive clinical simulation platform featuring reactive scenario simulations, where outcomes vary based on the user’s choices and actions. It also adheres to the globally recognised Advanced Trauma Life Support (ATLS) protocol standards.
Within the IP_Trauma simulator, multiple users can communicate in real time, practicing critical decision-making and trauma care techniques in a virtual environment. The simulation covers over 40 procedural steps, from pre-hospital preparation to patient transfer to the operating room.
Currently recognised as a leading VR medical technology provider in Korea, VRAD’s products are actively used in over 90 medical and educational institutions, both domestically and internationally.
-- BERNAMA
ATRC'S VENTUREONE LAUNCHES QUANTUMGATE TO SECURE DATA FOR THE QUANTUM ERA AT CYBERQ
 |
| ATRC’s VentureOne Launches QuantumGate to Secure Data for the Quantum Era at CyberQ (Photo: AETOSWire) |
· New venture unveils an advanced suite of data security products to protect data assets against increasing cyber threats
· Its proprietary technology was developed by experts at Abu Dhabi’s Technology Innovation Institute
ABU DHABI, United Arab Emirates, Nov 13 (Bernama-BUSINESS WIRE) -- The Advanced Technology Research Council’s commercialization arm, VentureOne, has launched QuantumGate, a new venture that offers a suite of advanced data security products to protect organizations’ data assets in the quantum era, at CyberQ in Abu Dhabi today.
This press release features multimedia. View the full release here:
https://www.businesswire.com/news/home/20241112430830/en/
H.E. Faisal Al Bannai, the Secretary General of ATRC, said, “The quantum era isn’t a distant threat—it is here. The launch of QuantumGate is a pivotal step in safeguarding invaluable data assets against ever-increasing cybersecurity threats. QuantumGate’s sovereign solutions will ensure our country’s and our organizations’ sensitive information stays safe.”
“Cryptographic algorithms are used by virtually all organizations to encrypt and protect data,” said Dr. Najwa Aaraj, the CEO of the Technology Innovation Institute. “But advancements in quantum computing will render many of them obsolete in as little as five to 10 years. Even with current security measures, bad actors can collect and store organizational data to decrypt it later, when quantum computers are more widely available. This means the risk is imminent—organizational data is already at risk.”
QuantumGate’s data security products are based on proprietary technology from the Technology Innovation Institute that will allow organizations to protect their data assets against current and emerging threats while also ensuring compliance with upcoming cryptographic regulations. The product suite includes the following:
· QSphere, which consists of a post-quantum VPN and a post-quantum email, file folder, and text encryption and decryption application.
· Salina, an identity and access management tool designed to simplify the authentication processes by eliminating the need to use passwords.
"With recent advancements in quantum computing, it is obvious to all security professionals that today's crypto solutions will be soon seriously challenged,” said Reda Nidhakou, the Acting CEO of VentureOne, QuantumGate’s parent company. “To prevent catastrophic losses, it’s critical for sensitive businesses to transition now to post-quantum security systems. Our mission is to make this process as seamless as possible through resilient, agile, state-of-the-art solutions.”
In addition to offering data security products, QuantumGate will offer advisory services to support organizations in their transition from classic to post-quantum cryptography, while ensuring minimal disruption to operations.
QuantumGate is the third venture launched by VentureOne. SteerAI, which develops autonomous mobility technology, launched in October 2024. AI71, which creates business solutions using the Falcon generative AI models, launched in 2023.
Source: AETOSWire
View source version on businesswire.com:
https://www.businesswire.com/news/home/20241112430830/en/
Contact
Menna Massoud
Menna.massoud@edelman.com
Source : QuantumGate
--BERNAMA
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