Technology

Cybereason Secures $120 Million in Funding to Grow EDR Solutions

Published

1 week ago

March 10, 2025

LA JOLLA, Calif., March 10, 2025 /PRNewswire/ — Cybereason, a leading global cybersecurity company, today announced a $120 million investment led by SoftBank Corp., SoftBank Vision Fund 2, and Liberty Strategic Capital to advance the company’s global growth fueled by its award-winning endpoint detection and response (EDR) solutions and its world-class consulting services, enhanced by a strategic partnership with Trustwave. Manish Narula will serve as the company’s new CEO.

New Investment Funding

Cybereason has secured an additional $120 million in funding from key investors, including SoftBank Corp., SoftBank Vision Fund 2, and Liberty Capital. Other current investors will have the opportunity to participate in the funding round.

This investment reflects strong confidence in Cybereason’s industry-leading EDR technology and its ability to combat sophisticated cyber threats. It ensures the company remains a long-term, trusted cybersecurity partner for enterprises worldwide, while reinforcing its commitment to delivering exceptional customer service to meet the evolving needs of its clients.

“We are thrilled to have key investors SoftBank Corp., SoftBank Vision Fund 2 and Liberty Strategic Capital leading this investment round. This funding is a testament to the strength of our technology, and the trust our partners place in Cybereason,” said Manish Narula, CEO of Cybereason. “With this capital infusion, Cybereason’s Chief Administrative Officer and General Counsel, Gregory Puff, along with the entire Cybereason team, will continue to push the boundaries of innovation in cybersecurity technology and services, expanding our reach in critical markets.”

Leadership Transition

Manish Narula has been appointed as the new CEO, effective immediately. Narula, along with Puff, will leverage the executive team’s extensive leadership, financial, and operational experience and position Cybereason for success in its new chapter.

With this investment and to support Cybereason’s renewed focus on its core EDR and consulting services, we have decided to pursue expansion of our strategic relationship with Trustwave, a leader in managed security services, rather than complete the previously announced intent to merge.

About Cybereason
Cybereason is a leading global cybersecurity company. Cybereason provides attack protection with cutting edge EDR and industry recognized consulting services to support organizations throughout any stage of the incident lifecycle. Cybereason’s award-winning technology and elite experts empower organizations of all sizes to harden, respond and recover from cyber threats in an ever evolving threat landscape. Cybereason is a privately held international company headquartered in California with customers in more than 40 countries.

Forward-Looking Statements
This press release contains forward-looking statements. The words “believe,” “may,” “will,” “potentially,” “estimate,” “continue,” “anticipate,” “intend,” “could,” “plan,” “expect,” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements. These forward-looking statements include, but are not limited to, statements concerning the following: (i) whether or not the conditions to closing upon the investment occur and/or if the investment occurs at all, (ii) whether or not regulatory approvals are obtained and/or events conditioned on the receipt of regulatory approvals occur at all, (iii) the potential for growth in the market for cloud-based security solutions (domestically and internationally) and future cybersecurity spending; (iv) our business plan and our ability to effectively manage our growth; (v) anticipated trends, growth rates and challenges in our business and in the markets in which we operate; and (vi) the ability of the Company to manage costs and find efficiencies and the sufficiency of our cash to meet our cash needs.

These forward-looking statements are subject to a number of risks, uncertainties. It is not possible for the Company to predict all risks, nor can the Company assess the impact of all factors on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. In light of these risks, uncertainties, and assumptions, the forward-looking events and circumstances discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. The forward looking statements made in this press release relate only to events as of the date on which the statements are made. We undertake no obligation to update publicly any forward-looking statements for any reason to conform these statements to actual results or to changes in our expectations. In addition, statements that “we believe” and similar statements reflect our beliefs and opinions on the relevant subject. These statements are based upon information available to us as of the date of this press release, which may be limited or incomplete, and our statements should not be read to indicate that we have conducted an exhaustive inquiry into, or review of, all potentially available relevant information. These and all other forward-looking statements are inherently uncertain and should not be relied upon.

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SOURCE Cybereason Inc.

Technology

Smartkem to Participate at SEMICON® China 2025

Published

23 minutes ago

March 19, 2025

MANCHESTER, England, March 19, 2025 /PRNewswire/ — Smartkem (Nasdaq: SMTK), which is seeking to change the world of electronics with a new class of transistor technology, announced it will participate at SEMICON® China, being held at the Shanghai New International Expo and taking place on March 26-28, 2025.

Smartkem’s Head of Business Development Michelle Ouyang will be in attendance throughout the conference to explore potential customer engagements and will be available for 1-on-1 meetings with industry representatives. To arrange a meeting, please contact Michelle at m.ouyang@smartkem.com

For more information on SEMICON China, please visit: SEMICON China信息网站

About Smartkem
Smartkem is seeking to change the world of electronics with a new class of transistor using its proprietary advanced semiconductor materials that have the potential to revolutionize the display industry. Smartkem’s TRUFLEX® semiconductor technology enables low temperature printing processes that are compatible with existing manufacturing infrastructure with the potential to deliver low-cost, high performance displays in a range of display technologies including microLED, miniLED and AMOLED, as well as applications in sensors and logic.

Smartkem develops its materials at its research and development facility in Manchester, UK and provides prototyping services at the Centre for Process Innovation (CPI) at Sedgefield, UK. It has a field application office in Taiwan. The company has an extensive IP portfolio including 138 granted patents across 17 patent families, 17 pending patents and 40 codified trade secrets. For more information, visit our website or follow us on LinkedIn.

Forward-Looking Statements
All statements in this press release that are not historical are forward-looking statements, including, among other things, its market position and market opportunity, expectations and plans as to its product development, manufacturing and sales, and relations with its partners and investors. These statements are not historical facts but rather are based on Smartkem, Inc.’s current expectations, estimates, and projections regarding its business, operations and other similar or related factors. Words such as “may,” “will,” “could,” “would,” “should,” “anticipate,” “predict,” “potential,” “continue,” “expect,” “intend,” “plan,” “project,” “believe,” “estimate,” and other similar or elated expressions are used to identify these forward-looking statements, although not all forward-looking statements contain these words. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties, and assumptions that are difficult or impossible to predict and, in some cases, beyond the Company’s control. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to revise or update information in this release to reflect events or circumstances in the future, even if new information becomes available.

Contacts:
Selena Kirkwood
Head of Communications for Smartkem
T: +44 (0) 7971 460 364
s.kirkwood@smartkem.com

U.S. Investors
David Barnard, CFA
Alliance Advisors Investor Relations
T: 1 415 433 3777
dbarnard@allianceadvisors.com

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Technology

FRONTSTEPS FORWARD 2025: THE DEFINITIVE EVENT SHAPING THE FUTURE OF COMMUNITY MANAGEMENT

Published

23 minutes ago

March 19, 2025

The Must-Attend Event for Community Management Leaders, Showcasing AI, Automation, and the Future of Property Technology

VAIL, Colo., March 19, 2025 /PRNewswire/ — In an era where technology is reshaping how communities are managed, FRONTSTEPS FORWARD 2025 (www.frontstepsforward.com) stands as the premier gathering for industry leaders, property managers, and tech innovators looking to define the future. Hosted by FRONTSTEPS (www.frontsteps.com), the nation’s leading HOA and property management solutions provider, this groundbreaking event will showcase the most cutting-edge advancements in AI-driven automation, cybersecurity, resident engagement, and operational efficiency.

Why FRONTSTEPS FORWARD 2025 is Unmissable
With 370,000 HOAs managing over 74 million residents across the U.S., the industry is at a critical turning point. Aging management systems, rising resident expectations, and increasing compliance challenges demand bold, tech-driven solutions. FRONTSTEPS FORWARD 2025 will be the definitive platform for unveiling the latest innovations and strategic insights to navigate these challenges head-on.

What Attendees Can Expect:

AI & Automation in Property Management – See firsthand how AI is revolutionizing community operations, from predictive maintenance to automated resident services.Exclusive Technology Announcements – Be the first to experience FRONTSTEPS’ latest software advancements designed to improve efficiency and security for community managers.High-Impact Educational Sessions – Expert-led discussions on digital transformation, compliance updates, and cybersecurity for HOAs and property managers.Elite Networking Opportunities – Connect with top executives, real estate innovators, and industry pioneers driving change.Vail: A Premier Event Destination – A unique experience where business meets luxury, offering attendees unparalleled networking opportunities in a breathtaking setting.

Who Should Attend?

Community managers, HOA board members, and property management professionals seeking to implement future-proof strategies.Real estate developers and investors looking to understand how emerging tech will impact community management.Tech innovators and service providers eager to connect with key decision-makers in property management.

Secure Your Spot Now

With limited availability, registration is now open for those ready to shape the future of community management. Sign up today at www.frontstepsforward.com.

About FRONTSTEPS:
FRONTSTEPS is the industry’s leading provider of HOA and property management technology, empowering thousands of communities across the U.S. to streamline operations, enhance security, and improve resident communication. With a strong focus on innovation, FRONTSTEPS continues to drive the evolution of community management technology.

Visit www.frontsteps.com to learn more.

For media inquiries, interviews, or sponsorship opportunities, please contact:

Media Contact: Emily Wigdale
ewigdale@frontsteps.com
(414) 801-1474
FRONTSTEPS

This press release was issued through 24-7PressRelease.com. For further information, visit http://www.24-7pressrelease.com.

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SOURCE FRONTSTEPS

Technology

Indero Marks 40th Study Live with Veeva RTSM

Published

23 minutes ago

March 19, 2025

Specialized CRO standardizes on Veeva RTSM to drive operational efficiency and faster study timelines

BARCELONA, Spain, March 19, 2025 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced that Indero, formerly Innovaderm Research, successfully launched its 40th RTSM study on Veeva RTSM. By standardizing with Veeva RTSM, Indero has strengthened its clinical trial operations, harnessing advanced RTSM capabilities and expert support to drive efficiency, enhance process consistency, and streamline execution.

“As we continue to optimize our clinical trial operations, Veeva RTSM has driven more efficient processes and closer collaboration to ensure seamless execution,” said Eric Hardy, senior director, biometrics at Indero. “Because of this added speed and effectiveness, we can help bring therapies to market faster, allowing our sponsors, sites, and patients to benefit sooner.”

The launch of Indero’s 40th RTSM study highlights the continued collaboration between the two organizations. Since first adopting Veeva RTSM, Indero has worked closely with Veeva to continuously refine and implement standardized processes that drive long-term success for its clinical trials.

“With its enterprise standard RTSM approach, Indero is achieving greater long-term efficiency and reliability in their studies,” said Steve Simmerman, general manager, Veeva RTSM. “Partnering with Indero to standardize clinical processes will further accelerate study timelines, demonstrating a streamlined approach that can advance the industry.”

Additional Information
To learn more about Veeva’s enterprise standard RTSM, visit www.veeva.com/rtsm.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com/eu.

Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10- Q for the period ended October 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

Contact:

Jeremy Whittaker
Veeva Systems
+49-695-095-5486
jeremy.whittaker@veeva.com

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