TULSA, Okla., July 6 (Bernama-BUSINESS WIRE) -- SCF Partners (“SCF”) and T.D. Williamson, Inc. (“TDW”) are pleased to announce an investment partnership. SCF, an energy investment firm, has invested in TDW, a global leader in intervention and isolation, inspection, and pigging products and services for the gathering, transmission, and distribution sectors of the pipeline industry. TDW helps maintain critical assets all over world, serving customers across 6 continents in over 100 countries.
Founded in 1920, TDW has been a leader in the pipeline maintenance and integrity industry for over 100 years. The company has nearly 500 registered and pending patents and pioneered key technologies such as cleaning pigs, caliper inspections, and hot tapping and plugging which have been pivotal in keeping critical pipeline assets well maintained, safe, and operational around the globe. Customers across the pipeline industry still look to TDW to help with their most complex and technical challenges.
“This partnership uniquely positions TDW’s market-leading brand and technology with SCF’s deep financial and strategic expertise, to create a strong, growth focused company for the future,” says Robert McGrew, President and CEO at TDW. "I look forward to leveraging what makes TDW unique today and seizing new opportunities that the partnership with SCF will bring.”
“SCF is honored to be partnering with a storied company like TDW,” says David Baldwin, Partner at SCF. “The Williamson family has built an exceptional company over the past 100 years, and SCF is excited to be a part of this next chapter of TDW. We have always admired the company’s dedication to its people, its customers, and the industry. We are looking forward to working with the family and management to build on their past success and grow the company in this new energy cycle.”
“With the global demand for energy and its evolving requirements placing significant operating and strategic challenges on the industry we serve, we are appreciative of the opportunity to work alongside SCF to further enhance and grow our service and support to our customers. We look forward to entering our second century of service to the energy industry with SCF as our partner and collaborator,” says Dick Williamson, Chairman Emeritus.
“TDW is known for their world-class products and service, their focus on safety and integrity, and their innovative solutions that ensure critical energy products get to their end markets safely,” says Deviyani Misra-Godwin, Vice President at SCF. “We look forward to supporting TDW in continuing to service legacy assets, as well as leveraging their expertise and experience to build out and maintain the infrastructure that will be needed in the future for a successful energy transition.”
About T.D. Williamson
T.D. Williamson (“TDW”) serves the gathering, transmission, and distribution sectors of the pipeline industry with a global portfolio of products and services, including advanced isolation, integrated pigging, and integrity assessment solutions. With both onshore and offshore applications, TDW offers expansive pipeline maintenance and asset optimization activities. TDW cultivates long-term relationships with pipeline operators that endure throughout the life of a pipeline. To learn more, visit www.tdwilliamson.com.
About SCF Partners
Founded in 1989, SCF provides equity capital and strategic growth assistance to build and grow leading energy service, equipment, and technology companies that operate throughout the world. SCF has invested in more than 70 platform companies and made more than 400 additional acquisitions to develop 18 publicly listed energy service and equipment companies over its history. The firm is headquartered in Houston, Texas, and has offices in Calgary, Singapore, Aberdeen, and Australia. Learn more at www.scfpartners.com.
Advisors
Raymond James & Associates, Inc. served as exclusive financial advisor to TDW. Vinson & Elkins LLP served as exclusive legal advisor to SCF. Crowe & Dunlevy, Baker Botts LLP and Allen & Overy LLP served as exclusive legal advisors to TDW.
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Contact
Stanna Brazeel
Stanna.Brazeel@tdwilliamson.com
918-625-3912
Source : T.D. Williamson, Inc.
Wednesday, 6 July 2022
SCF PARTNERS AND T.D. WILLIAMSON, THE GLOBAL LEADER IN PIPELINE INFRASTRUCTURE MAINTENANCE, ANNOUNCE INVESTMENT PARTNERSHIP
Cellebrite and Chainalysis Partner to Modernize Digital Investigations by Unlocking Cryptocurrency Data
Two market leaders come together to expand digital investigations
PETAH TIKVA, Israel and TYSONS CORNER, Va. and NEW YORK, July 6 (GLOBE NEWSWIRE) -- Cellebrite DI Ltd. (NASDAQ: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, and Chainalysis, the blockchain data platform, have launched a partnership to enable customers to easily identify and assess criminal activity involving cryptocurrency during digital investigations to expedite their resolution.
Cryptocurrency usage has increased significantly over the past several years. While the vast majority of its use is for legitimate purposes, it has also been exploited for illicit use in scamming, money laundering, ransomware, and more. As cryptocurrency artifacts are more frequently found in, and can be used as key pieces of, digital evidence, law enforcement and corporations need access to cryptocurrency-related knowledge and tools to investigate criminal activity and help solve cases.
Together, Cellebrite and Chainalysis are enabling customers to modernize investigations by leveraging the transparency of blockchains. The integrated solution will provide automated, efficient capabilities and knowledge to identify and assess cryptocurrency risks and correlate such information to additional elements of a related case. Cellebrite’s DI suite of solutions will reveal accurate, real-time cryptocurrency data and insights from Chainalysis’ data platform. As a result of this cooperation, examiners, investigators, analysts, and compliance officers will be able to seamlessly identify illicit cryptocurrency-related activity in a single place as part of their familiar digital investigation workflows.
Cellebrite and Chainalysis are also collaborating to empower customers to bridge the cryptocurrency knowledge gap. Together, they will educate customers' internal experts by offering cryptocurrency training and delivering cryptocurrency expert investigation services, as well as making Chainalysis’ Reactor, the investigation tool, available for advanced cryptocurrency tracing.
“Cryptocurrency, as any other financial instrument, has become a vehicle for funding crime and laundering money, and as its adoption increases, our customers must be equipped with cutting-edge solutions to identify this important category of digital evidence,” said Leeor Ben-Peretz, Chief Strategy Officer at Cellebrite. “Providing our customers with an integrated cryptocurrency investigation solution will expedite their investigations through automation and help them seamlessly uncover a wider range of digital evidence within Cellebrite’s suite of Digital Intelligence solutions. We are happy to join forces with Chainalysis to further enhance our customers’ tools and knowledge, modernize investigations, and accelerate justice.”
“We are thrilled to partner with Cellebrite, the Digital Intelligence market leader, to expand our public and private sector customer reach and provide them access to Chainalysis’ solutions, training, and expertise,” said Thomas Stanley, President and Chief Revenue Officer at Chainalysis. “Together, Cellebrite and Chainalysis are committed to helping combat blockchain-related crime, improving trust and transparency in blockchains, and making cryptocurrency safer for all.”
The initial integrated solution is expected to be available in Q3 2022. To find out more about the partnership offerings, please visit: https://cellebrite.com/en/cellebrite-crypto-solution-powered-by-chainalysis/
About Cellebrite
Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.
About Chainalysis
Chainalysis is the blockchain data platform. We provide data, software, services, and research to government agencies, exchanges, financial institutions, and insurance and cybersecurity companies in over 70 countries. Our data powers investigation, compliance, and market intelligence software that has been used to solve some of the world's most high-profile criminal cases and grow consumer access to cryptocurrency safely. Backed by Accel, Addition, Benchmark, Coatue, GIC, Paradigm, Ribbit, and other leading firms in venture capital, Chainalysis builds trust in blockchains to promote more financial freedom with less risk. For more information, visit www.chainalysis.com.
Caution
Regarding Forward Looking Statements
This document includes “forward looking statements” within the meaning of the
“safe harbor” provisions of the United States Private Securities Litigation
Reform Act of 1995. Forward looking statements may be identified by the use of
words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,”
“appear,” “approximate,” “foresee,” “might,” “possible,” “potential,”
“believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,”
“estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar
expressions that predict, project or indicate future events or trends or that
are not statements of historical matters. Such forward-looking statements
include estimated financial information. Such forward-looking statements with
respect to revenues, earnings, performance, strategies, prospects, and other
aspects of Cellebrite’s business are based on current expectations that are
subject to risks and uncertainties. A number of factors could cause actual
results or outcomes to differ materially from those indicated by such
forward-looking statements. These factors include, but are not limited to: Cellebrite’s
ability to keep pace with technological advances and evolving industry
standards; Cellebrite’s material dependence on the acceptance of its solutions
by law enforcement and government agencies; real or perceived errors, failures,
defects or bugs in Cellebrite’s DI solutions; Cellebrite’s failure to maintain
the productivity of sales and marketing personnel, including relating to
hiring, integrating and retaining personnel; uncertainties regarding the impact
of macroeconomic and/or global conditions, including COVID-19 and military
actions involving Russia and Ukraine; intense competition in all of
Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s
solutions; political and reputational factors related to Cellebrite’s business
or operations; risks relating to estimates of market opportunity and forecasts
of market growth; Cellebrite’s ability to properly manage its growth; risks
associated with Cellebrite’s credit facilities and liquidity; Cellebrite’s
reliance on third-party suppliers for certain components, products, or
services; challenges associated with large transactions and long sales cycle;
risks that Cellebrite’s customers may fail to honor contractual or payment
obligations; risks associated with a significant amount of Cellebrite’s
business coming from government customers around the world; risks related to
Cellebrite’s intellectual property; security vulnerabilities or defects,
including cyber-attacks, information technology system breaches, failures or
disruptions; the mishandling or perceived mishandling of sensitive or
confidential information; the complex and changing regulatory environments
relating to Cellebrite’s operations and solutions; the regulatory constraints
to which we are subject; risks associated with different corporate governance
requirements applicable to Israeli companies and risks associated with being a
foreign private issuer and an emerging growth company; market volatility in the
price of Cellebrite’s shares; changing tax laws and regulations; risks
associated with joint, ventures, partnerships and strategic initiatives; risks
associated with Cellebrite’s significant international operations; risks
associated with Cellebrite’s failure to comply with anti-corruption, trade
compliance, anti-money-laundering and economic sanctions laws and regulations;
risks relating to the adequacy of Cellebrite’s existing systems, processes,
policies, procedures, internal controls and personnel for Cellebrite’s current
and future operations and reporting needs; and other factors, risks and
uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s
annual report on form 20-F filed with the SEC on March 29, 2022 and in other
documents filed by Cellebrite with the U.S. Securities and Exchange Commission
(“SEC”), which are available free of charge at www.sec.gov. You are cautioned
not to place undue reliance upon any forward-looking statements, which speak
only as of the date made, in this communication or elsewhere. Cellebrite
undertakes no obligation to update its forward-looking statements, whether as a
result of new information, future developments or otherwise, should
circumstances change, except as otherwise required by securities and other
applicable laws.
Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
+1 404.804.5910
Victor.cooper@cellebrite.com
Cellebrite Investors
Anat Earon-Heilborn
VP Investor Relations
+972 73 394 8440
investors@cellebrite.com
Chainalysis Media
Maddie Kennedy
Senior Director of Communications
media@chainalysis.com
Contact Chainaylsis
Source : Cellebrite DI Ltd
Monday, 4 July 2022
JUNIPER RESEARCH: IDENTITY & ACCESS MANAGEMENT SPEND TO REACH $26 BILLION GLOBALLY BY 2027; DRIVEN BY SUBSCRIPTION MODEL GROWTH
Identity & access management includes B2B security solutions that enable the monitoring and management of users’ access to an enterprise’s applications, databases and IT services.
- Key Drivers: The increasing demand for identity & access management will originate from small businesses which, until the proliferation of the subscription model, were often unable to afford comprehensive suites of identity & access management services.
- New research report: Identity & Access Management: Vendor Strategies, Vertical Analysis & Market Forecasts 2022-2027
- Free whitepaper: Identity & Access Management ~ The SaaS Takeover
The new research found that 94% of global identity & access management spend will be attributable to the subscription model by 2027; rising from 60% in 2022. It anticipates that the use of the subscription model will become increasingly popular amongst small businesses, by minimising the initial acquisition cost of identity & access management services.
Additionally, the subscription model will enable service vendors to provide regular software updates that continually improve the value proposition of their platforms. The research found that annual spend on identity & access management solutions by small businesses via subscription models will surpass $370 million globally by 2027, up from $178 million in 2022. In turn, identity & access management vendors must capitalise on this growth by developing flexible pricing models that appeal to the small business sector.
Regulatory Compliance Represents Key Opportunity for Software Vendors
Furthermore, as enterprise adoption of cloud computing infrastructure increases, so too will the demand for effective cybersecurity policies to prevent revenue losses. The report anticipates that identity & access management solutions will represent a significant cornerstone of corporate cybersecurity initiatives, as firms seek to meet increasingly stringent regulatory compliances; driving market growth.
View Identity & Access Management market research: https://www.juniperresearch.com/researchstore/key-vertical-markets/identity-access-management
Download the whitepaper: https://www.juniperresearch.com/whitepapers/identity-access-management-the-saas-takeover
Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and industry commentary.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20220703005001/en/
Contact
For further details contact Sam Smith, Press Relations
T: +44(0)1256 830002
E: sam.smith@juniperresearch.com
Source : Juniper Research
Saturday, 2 July 2022
Matt Pinckard designated Now Health International GM of Singapore operations
KUALA LUMPUR, June 29 (Bernama) -- Now Health International, the award-winning international private medical insurance (IPMI) provider, has appointed Matt Pinckard as General Manager of its Singapore operations to lead the company’s business in the region.
Reporting into Rob McIntyre, Now Health International’s Chief Distribution Officer, Pinckard will lead the company’s drive to introduce new innovations and technologies in the health insurance sector, building on its recent years of growth, including addressing the need among family offices, financial advisory firms and brokers in Singapore for affordable regional and international medical insurance plans.
Singapore’s insurance industry is one of the most developed in Asia and continues to grow, and Pinckard’s appointment comes as Now Health International continues to position itself as a global market leader in deploying technology to deliver its services in the health insurance sector.
Now Health’s flagship WorldCare plans broke the mould for IPMI when they launched in 2011. They were among the first products to offer digital cards within smartphone wallets and have become renowned for their fast and accurate claims service and state of the art digital tools.
Pinckard joins Now Health International from his previous role as Senior Manager at Singlife with Aviva and brings over 16 years’ experience in the insurance industry, which includes roles at Aviva and Zurich.
In a statement, Zahir Sharif, CEO, Now Health International, said: “The IPMI landscape continues to change at pace, particularly when it comes to the central role technology plays in service delivery to both our intermediary partners and our members, and no more so than in Singapore.
“Matt’s experience in the sector and specifically in Singapore is second to none, and I’m delighted to welcome him to our team as we continue to explore growth opportunities in the Singapore market.”
Pinckard added: “Technology is reshaping the health insurance marketplace, ensuring providers can cater to the needs of both broker partners and their members, and Now Health International is at the forefront of this evolution.”
Now Health has offices in the UK, Malta, UAE, China, Hong Kong, Singapore and Indonesia.
For more information, visit https://www.now-health.com/.
-- BERNAMA
Juniper Research announces opening of Future Digital Awards for Fintech & Payments 2022
KUALA LUMPUR, June 30 (Bernama) -- Juniper Research has announced the opening of the Future Digital Awards for Fintech & Payments 2022.
Since 2008, the Future Digital Awards have been presented to financial industry companies at the forefront of their respective fields: companies that deliver imaginative and innovative products or services that have the potential to disrupt their ecosystems and provide significant benefits to their target audience.
According to a statement, these awards aim to reward the most innovative vendors and solutions in the incredibly important fintech & payments market, in the context of an unprecedented digital transformation within payments.
This year’s Future Digital Awards for Fintech & Payments cover the following categories: Banking Innovation; Payment Innovation; Fintech Innovation; Fraud & Security Innovation; Retail Innovation and Judges’ Choice.
Among others, Banking Innovation involves Banking-as-a-Service Innovation (Platinum & Gold Awards); Digital Bank of the Year (Platinum Award); and Banking Innovation of the Year (Platinum Award), while Payment Innovation includes Best B2B Payment Platform (Platinum & Gold Awards); Payment Innovation of the Year (Platinum Award); and Best Mobile Money Offering (Platinum & Gold Awards).
Meanwhile, Fintech Innovation comprises Best AI Platform (Platinum & Gold Awards); Best Financing Platform (Platinum & Gold Awards); and Best Regtech Platform (Platinum & Gold Awards).
Fraud & Security Innovation involves, among others, AI in Fraud Prevention Innovation (Platinum & Gold Awards); and Fraud Detection and Prevention Platform (Platinum & Gold Awards), while Retail Innovation is made up of Best Checkout Experience Solution (Platinum & Gold Awards); and Retail Innovation of the Year (Platinum Award).
While the rest of the awards focus on products and solutions, the Judges’ Choice awards focus on the people and organisations at the forefront of driving true innovation in the fintech & payments market. They are Juniper Research Award for Fintech Excellence and Fintech Mover & Shaker of the Year.
Entrants can apply for the awards at https://www.juniperresearch.com/future-digital-awards/fintech-payments.
Entries close on Aug 26, 2022, before being assessed by Juniper Research’s expert panel of analysts. The awards will be announced on Oct 4, 2022.
-- BERNAMA