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Lorica Launches Innovative AI Data Privacy Solution with Industry Leaders at the Helm

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Secure AI removes the vulnerability of data leaks during computation: Lorica delivers commercial products to address the coming “quantum event horizon”

TORONTO, June 24, 2024 /CNW/ – Lorica Cybersecurity, the leader in private artificial intelligence (AI) and a B2B software company that specializes in a new form of encryption technology, today announced the launch of Secure AI, a breakthrough solution that enables AI data processing without compromising privacy or security. With encryption from start to finish, organizations can now fully leverage AI to extract insights from sensitive data sets and collaborate in key fields such as medical research without the risk of data exposure while at rest, in transit and in use.

Data at rest is stored on a device or system; data in transit is moving between devices or networks, like downloads or sending emails; and data in use is actively being processed or accessed by a system or application. Secure AI changes everything because current systems can only protect information at rest or in transit, but Secure AI allows for the encryption and protection of user data and inferences throughout the data lifecycle.

This means Secure AI can, for example, analyze medical records and sensitive health data, including patient information, genomics, and clinical trial results, while maintaining strict confidentiality at all times. For the financial services industry, Secure AI can help institutions protect user data during transactions and identify fraud and anti-money laundering threats. This combination allows for enhanced data security and improved monitoring capabilities to combat illicit financial activities.

Secure AI also addresses the security implications of advancing technologies such as quantum computing. While quantum computing has the potential to solve complex problems at an unprecedented speed and scale, revolutionizing industries such as AI, finance, and drug discovery, that same speed and scale can be applied to the calculations needed to defeat encryption. This is a direct threat to current security methods.

“The looming ‘quantum event horizon’ poses an existential threat to existing encryption standards, as the speed and capacity of quantum processing render many current commercially important encryption methods breakable,” says Glenn Gulak, Lorica Co-Founder. “This critical juncture demands a game-changing solution, and no other offering on the market today matches Lorica’s ability to enhance AI capabilities while ensuring complete privacy and security.”

Industry Veterans Join Lorica in Leadership Positions

Along with the launch of Secure AI, Lorica also announced several high-profile additions to its leadership team and advisory board. Former FreshBooks President Mark Girvan takes over as CEO. Leslie Rechan, former President & CEO of Halogen and Solace, comes aboard as Executive Chair.

The company’s new advisory board is also comprised of renowned industry veterans and experts across cybersecurity and AI:

Saad Saade, Vice President, IT Labour Strategy, Contract Strategy, Bell CanadaBjorn Austraat, CEO and Founder, Kinetic CognitionPorter Shomo, Former Regional Vice President, AlteryxChris Peikert, Professor of Computer Science and Engineering at the University of Michigan Ann Arbor

“Joining Lorica at this pivotal time presents a once-in-a-generation chance to have a profound impact on the future of data security,” says Mark Girvan, CEO, Lorica Cybersecurity. “Organizations want to leverage the full potential of AI to drive innovation and growth, but they’ve been constrained by legitimate data privacy concerns and vulnerabilities. We’re proud to remove the roadblocks to safely adopting AI to solve humanity’s greatest challenges, enabling unprecedented collaboration in healthcare, national security and financial innovation.

Recent investments by the Canadian government in advancing quantum computing technology and efforts in the United States to transition to post-quantum cryptography underscore the critical need to bolster this nation’s competitive edge in quantum information science while safeguarding against potential cyber, economic, and national security risks posed by quantum computers. Lorica’s Secure AI solution emerges as a cutting-edge development poised to revolutionize data security in this evolving landscape.

A Leader in Advanced Privacy-Enhancing Technologies

Secure AI is the latest offering by Lorica Cybersecurity. The company’s Private Pursuit™ platform, installed on standard enterprise-grade servers, is a pioneering solution designed to empower organizations with comprehensive cybersecurity capabilities. This innovative platform offers advanced threat detection, proactive risk management, and robust data protection, delivering quantum safe security that none of the so-called “end-to-end encrypted” products advertised today achieve. With its user-friendly interface and customizable features, Lorica products are designed to be easy to use by practitioners and data science teams, and no prior knowledge of cryptography is required.

Lorica is focused on privacy enhancing technologies (PET) and fully homomorphic encryption (FHE). With a team of leading cryptography experts, Lorica has spent the last five years engineering proprietary high-performance FHE technology.

For more information, please visit www.loricacyber.com.

About Lorica Cybersecurity:
Lorica makes private AI possible through end-to-end encrypted data processing. Its Secure AI solution allows organizations to enhance AI capabilities without compromising privacy or security. Lorica’s cutting-edge Private Pursuit™ platform enables organizations and their partners to execute confidential AI inference and database searches in any compute environment to protect sensitive customer, client or citizen data. Learn more at www.loricacyber.com.

SOURCE Lorica Cybersecurity Inc.

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SellYourWay.org Publishes Expert Insights on How to Handle Partner Conflicts in Small Business Sales

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April 28, 2026

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INDEPENDENCE, Ohio, April 28, 2026 /PRNewswire/ — Today, SellYourWay.org is pleased to announce the publication of, Handling Partner Conflict When Selling Your Business. In this new, exclusive article, Chris Springfield, CBI, CMAA, PMP, Realtor® shares actionable insights on how partner dynamics play a crucial role in shaping the outcome of a small business sale. Chris is the Founder and Principal at Springfield Strategies. SellYourWay.org is an online platform dedicated to the education of small business owners about the business sales process. The site is powered by the International Business Brokers Association® (IBBA) — the largest international, not-for-profit association for Business Brokers.

 

Partner conflict is common during the business sale process. When expectations and differences are not communicated, conflicts can turn acrimonious and disrupt even the strongest deals.

The article explains:

Common Triggers for Partner ConflictsHow Conflicts Can Damage the Sale ProcessSteps to Mitigate and Resolve the Conflict

“Your next chapter in life starts with strategy, specialized guidance and the right deal team in place. Our mission at SellYourWay.Org is empowering small business owners to make informed decisions and get the best results. Professional Business Brokers help sellers prepare for the sale of their businesses and manage the entire process to a successful close — so owners can achieve their personal and financial goals.” – Emily Bowler, Executive Director, IBBA

Get these actionable insights on SellYourWay.Org.

About SellYourWay.Org
The mission of SellYourWay.org is to educate small business owners and the general public about the business sales process and the services that Business Brokers provide. The resources available on the site provide information to help business owners prepare for the successful sale of their businesses.

About the International Business Brokers Association®
Formed in 1984 and with nearly 3,000 members, the International Business Brokers Association® (IBBA) is the largest international not for profit association for Business Brokers. The association provides Business Brokers with education, free benefits, conferences, professional designations, support programs and networking opportunities, and awards the Certified Business Intermediary (CBI)® designation to qualifying Business Brokers. To learn more, contact the IBBA directly at admin@ibba.org.

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Grundfos Pumps India Receives Frost & Sullivan’s 2026 Indian Company of the Year Recognition for Leadership in Sustainable Pumps for Industrial Water

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April 28, 2026

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The recognition highlights Grundfos Pumps India’s market leadership in sustainable pumps, industrial water management, and energy-efficient pumping solutions driven by digitalization and water stewardship.

SAN ANTONIO, April 28, 2026 /CNW/ — Frost & Sullivan is pleased to announce that Grundfos Pumps India Pvt. Ltd. has received the 2026 Indian Company of the Year Recognition in the Sustainable Pumps for Industrial Water category for its outstanding achievements in sustainability-led innovation, strategy execution, and measurable customer impact. This recognition underscores the company’s consistent leadership in advancing energy-efficient pumping systems, strengthening its position in India’s industrial water market, and enabling customers to manage water and energy more responsibly in an increasingly resource-constrained environment.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Grundfos Pumps India excelled in both dimensions, demonstrating a clear ability to align long-term strategic priorities with evolving industrial demand while executing them with discipline, scalability, and consistency. Emphasizing the perspective shared in the assessment, Fredrick Royan, Associate Partner, Sustainability at Frost & Sullivan, said, “Grundfos Pumps India is positioned to shape the next phase of industrial water pumps by combining technological ambition with verifiable sustainability outcomes, transforming water management into a strategic driver of national progress and competitive differentiation.”

Guided by a long-term growth strategy centered on sustainability, digitalization, and application-centric engagement, Grundfos Pumps India has demonstrated strategic agility in adapting global engineering expertise to local industrial realities. The company’s sustained investment in smart pumping technologies, variable-speed solutions, and data-enabled system optimization has allowed it to scale effectively across high-growth industrial sectors in India, including manufacturing, food and beverage, pharmaceuticals, mobility, semiconductors, and energy-intensive process industries.

Innovation remains integral to Grundfos Pumps India’s approach to the industrial water ecosystem. Its comprehensive portfolio of sustainable pumps, pump systems, digital controls, and smart filtration solutions addresses the full lifecycle of industrial water management, from intake and treatment to reuse and discharge. By enabling demand-based pumping, advanced monitoring, and adaptive control, these solutions help customers reduce energy consumption, lower operational costs, and improve system reliability.

“India’s industrial transformation will be defined by how intelligently we manage water. At Grundfos, we see technology not just as an enabler, but as a catalyst for a more resilient and resource‑positive future. By combining advanced pumping intelligence with data‑driven water management, we are empowering industries to move beyond incremental efficiency and embrace system‑level sustainability that safeguards both operational continuity and long‑term competitiveness,” said Shankar Rajaram, Head of Sales, IND Division at Grundfos Pumps India.

Grundfos Pumps India’s emphasis on customer experience reinforces its leadership in sustainable pumps for industrial water. The company supports customers through digital services, optimization programs, repair and lifecycle services, and transparent engagement models that allow users to validate performance before and after deployment. Its application-driven methodology, combined with localized sales and service support across India, enables long-term partnerships built on trust, reliability, and measurable outcomes rather than stand-alone product transactions.

Frost & Sullivan commends Grundfos Pumps India for setting a high benchmark in competitive strategy, execution excellence, and market responsiveness. The company’s ability to integrate smart pumping, digital platforms, renewable energy alignment, and water stewardship is shaping the future of industrial water management in India and delivering tangible economic and environmental value at scale.

Each year, Frost & Sullivan presents the Company of the Year Recognition to an organization that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market performance, customer value, and competitive positioning. The recognition highlights organizations that are redefining industry standards through innovation, excellence in growth, and long-term impact.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognition honors companies across regional and global markets that exhibit exceptional achievement and consistent excellence in areas such as leadership, technological innovation, customer experience, and strategic product development. Each recognition is the result of a rigorous analytical process in which Frost & Sullivan industry experts benchmark performance through comprehensive interviews, deep-dive analysis, and extensive secondary research. The goal is to identify true best-in-class organizations that are driving transformative growth and setting new industry standards.
Contact us: Start the discussion.

Contact:
Tarini Singh
E: Tarini.Singh@frost.com

About Grundfos
Grundfos Pumps India Pvt. Ltd. (Grundfos India) is a 100% subsidiary of Grundfos – Denmark. A global leader in advanced pump solutions and a trendsetter in water technology, the company manufactures more than 16 million pump units annually. The company’s main products include circulator pumps for heating and air-conditioning, as well as other centrifugal pumps for the industry, water supply, sewage, and dosing. The company contributes to global sustainability by pioneering technologies that improve the quality of life for people and care for the planet.

Find out more: http://www.grundfos.com/in

For more information
Please contact: 
Giridhar Raisom | Grundfos
Email: giridhar@grundfos.com
Mobile: +919150071496

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SOURCE Frost & Sullivan

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Amber Premium FZE Secures Virtual Asset Service Provider License from Dubai’s VARA

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40 minutes ago

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April 28, 2026

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DUBAI, UAE, April 28, 2026 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” the private banking-grade digital wealth management platform of Amber Group serving high-net-worth individuals and leading institutions, today announced that its Dubai subsidiary, Amber Premium FZE, has received a Virtual Asset Service Provider (VASP) License from Dubai‘s Virtual Assets Regulatory Authority (VARA).

The VASP License grants Amber Premium the authority to commence operations and to offer three regulated activities in and from the Emirate of Dubai, including virtual asset (VA) Broker‑Dealer Services, VA Management and Investment Services, and VA Lending and Borrowing Services for global institutional and qualified investors as defined under VARA’s rulebooks.

“Receiving the VASP License from VARA is a milestone in our long-term roadmap for the region. We are deliberate in pacing our expansion with the evolution of global governance,” said Michael Wu, CEO and Chairman of the Board, Amber Premium. “This authorization accelerates our mission to provide institutional-grade digital wealth infrastructure to our clients in the UAE. We remain committed to a compliance-first architecture, ensuring that our growth contributes directly to the integrity and safety of the local financial ecosystem.”

Established under Dubai Law No. 4 of 2022, VARA is the world’s first independent regulator for virtual assets, overseeing the development and supervision of virtual asset activities across the Emirate. The authority plays a pivotal role in shaping Dubai‘s advanced regulatory environment—one that sets global benchmarks for market integrity, investor protection, industry governance, and innovation-driven growth.

About Amber International Holding Limited

Amber International Holding Limited (Nasdaq: AMBR), operating under the brand name “Amber Premium,” is a global leading digital wealth management platform. As a private banking grade expert in digital wealth management and a subsidiary of Amber Group, Amber Premium is a trusted partner to high-net-worth individuals and leading institutions, delivering institutional-grade market access, execution infrastructure, and investment solutions. The firm is set to redefine the digital wealth management landscape, serving as a proven Nasdaq-listed gateway to digital assets. Learn more at www.ambr.io.

Media Contacts

Amber International Holding Limited
E-mail: pr@ambr.io

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SOURCE Amber International Holding Limited

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