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Koch Equity Development Signs Agreement to Acquire Telecommunications Solutions Leader iconectiv

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Demonstrates KED’s strategic focus on telecommunications software and data services

WICHITA, Kan., Aug. 16, 2024 /PRNewswire/ — Koch Equity Development LLC (“KED”), the principal investment and acquisition arm of Koch, Inc., today announced an agreement to acquire iconectiv, LLC, a telecommunications solutions leader, from Ericsson (NASDAQ: ERIC), the global supplier of mobile communication and connectivity solutions for service providers and enterprises, and affiliates of Francisco Partners, a leading technology investment firm.  

Under the agreement, iconectiv will become a wholly-owned independent subsidiary of KED and will continue to be managed by iconectiv’s leadership team based in Bridgewater, New Jersey. The agreement to acquire iconectiv underscores KED’s continued investment focus on telecommunications software and data services, building on the successful 2021 acquisition of Transaction Network Services, Inc. (“TNS”). With KED’s resources and capital, iconectiv will be well-positioned to unlock both organic and inorganic growth opportunities.

iconectiv is the authoritative partner to many of the largest communications service providers in the United States and international markets. Its core network and operations management, numbering and data exchange services span trusted communications, digital identity management and fraud prevention. The world leader in providing number portability solutions, iconectiv is the number portability administrator in 10 countries, including the United States. The company is also the trusted technology partner to CTIA, the wireless trade association in the United States, serving as the administrator of the nation’s Short Code Registry. Working with the Alliance for Telecommunications Industry Solutions (ATIS), iconectiv serves as the Secure Telephone Identity Policy Administrator (STI-PA) for the United States, a critical role in industry efforts to mitigate illegal robocalling.

“iconectiv is excited to join KED along with the resources and capabilities they have to support our next chapter of growth. This acquisition marks a significant milestone in our journey, aligning us with a shareholder focused on long-term value creation that extends our track record as a trusted partner to service providers and regulators in the communications sector,” said Richard Jacowleff, CEO of iconectiv. “On behalf of iconectiv, we want to thank Ericsson and Francisco Partners for their many years of support. We believe KED is the right partner for our employees and the company to continue executing our long-term vision by providing reliable and trusted communications solutions to our customers globally.”

“We have been impressed with the solutions iconectiv continues to deliver, and we are thrilled to welcome Rich and team to the KED platform,” said Matt Hewitt, Managing Director at KED. “iconectiv’s innovative culture, technical expertise, and customer focus align with KED’s vision for expanding our capabilities in telecommunications and technology. We look forward to supporting their continued growth and helping them deliver even greater value to their customers.”

The transaction is subject to certain regulatory approvals and is expected to close in the first quarter of 2025. Rothschild & Co and Citi served as financial advisors to KED, and Jones Day served as legal advisor to KED. Jefferies LLC and Goldman Sachs & Co. LLC served as financial advisors to iconectiv, and Latham & Watkins LLP served as legal advisor to iconectiv.

About iconectiv 
Headquartered in the United States, iconectiv market-leading solutions in information services, digital identity and numbering intelligence are used by more than 5,000 service providers, regulators, enterprises, and content providers worldwide each day to keep their networks, devices and applications connected. With an unparalleled depth of experience, iconectiv manages programs on behalf of partners including serving as the U.S. Short Code Registry Administrator, U.S. Secure Telephone Identity Policy Administrator (STI-PA) and administrator of the country’s telecommunications Relay Service for those requiring auditory or speech communication assistance to communicate. Globally, iconectiv is the Number Portability Administrator in 10 countries, including the United States.

About Koch Equity Development LLC (KED)
Koch Equity Development is the principal investment and acquisition arm of Koch, Inc. (“Koch”), one of the largest privately held businesses in America. Since 2012, KED has deployed more than $35 billion in equity investments and acquisitions. With revenue as high as $125 billion, Koch companies employ about 120,000 people worldwide, with nearly half of those in the United States.

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SOURCE Koch Equity Development

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Herbalife India recognised as ‘Top Supply Chain Performer’ at ISCM E-Comm Nexus Awards 2026

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BENGALURU, India, May 11, 2026 /PRNewswire/ — Herbalife India, a premier health and wellness company, community, and platform, has been recognised as a ‘Top Supply Chain Performer’ among Wellness E-Commerce and D2C companies in India at the ISCM E-Comm Nexus Awards 2026, organised by ISCM (Institute of Supply Chain Management) Forums.

ISCM Forums, an independent industry body, conducted an extensive evaluation of more than 1,000 organisations across 29 sectors to identify leading supply chains within India’s Wellness E-Commerce and D2C ecosystem.

The recognition was presented at an industry event held in Mumbai. The award was received on behalf of Herbalife India by Makrand Raorane from the company’s Distribution Team.

Commenting on the recognition, Ajay Khanna, Managing Director, Herbalife India, said, “In the health and wellness category, a strong and agile supply chain plays an important role in ensuring product availability, quality, and a seamless consumer experience. At Herbalife India, we continue to strengthen our supply chain capabilities through operational excellence, efficient distribution networks, and a strong focus on reliability and responsiveness. This recognition reflects our commitment to building a resilient and consumer-centric supply chain ecosystem that supports our long-term growth journey in India.”

Herbalife India’s supply chain operations are focused on enabling efficient product movement, timely deliveries, and consistent service standards across its distribution ecosystem. The company continues to invest in strengthening operational processes and distribution capabilities to support evolving consumer demand in the growing wellness and D2C segment.

This recognition further reinforces Herbalife India’s continued focus on operational excellence, efficiency, and customer-centricity within a rapidly evolving wellness marketplace.

About Herbalife International India Private Ltd.

Herbalife (NYSE: HLF) is a premier health and wellness company, community and platform that has been changing people’s lives with great nutrition products and a business opportunity for its independent distributors since 1980. The Company offers science-backed food products to consumers in more than 90 markets through entrepreneurial distributors who provide one-on-one coaching and a supportive community that inspires their customers to embrace a healthier, more active lifestyle to live their best life. For more information, visit https://www.herbalife.com/en-in

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Hello Group to Report First Quarter 2026 Results on June 2, 2026

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BEIJING, May 11, 2026 /PRNewswire/ — Hello Group Inc. (NASDAQ: MOMO) (the “Company”), a leading player in Asia’s online social networking space, today announced that it will release its unaudited financial results for the first quarter ended March 31, 2026 before U.S. markets open on Tuesday, June 2, 2026.

Hello Group’s management will host an earnings conference call on Tuesday, June 2, 2026, at 7:00 a.m. U.S. Eastern Time (7:00 p.m. Beijing / Hong Kong Time on the same day).

Preregistration Information

Participants can register for the conference call by navigating to https://s1.c-conf.com/diamondpass/10054808-suvwn2.html. Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

A telephone replay of the call will be available after the conclusion of the conference call through June 10, 2026. The dial-in details for the replay are as follows:

U.S. / Canada:

1-855-883-1031

Hong Kong:

800-930-639

Passcode:

10054808

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of Hello Group’s website at https://ir.hellogroup.com.

About Hello Group Inc.

We are a leading player in Asia’s online social networking space. Through Momo, Tantan and other properties within our product portfolio, we enable users to discover new relationships, expand their social connections and build meaningful interactions. Momo is a mobile application that connects people and facilitates social interactions based on location, interests and a variety of online recreational activities. Tantan, which we added to our family of applications through acquisition in May 2018, is a leading social and dating application. Tantan is designed to help its users find and establish romantic connections as well as meet interesting people. Since 2019, we have continuously expanded our portfolio through internal incubation and strategic acquisitions, adding apps such as Hertz, Soulchill, and Happn. These products target more niche markets and selective user demographics both domestically and internationally, further strengthening our global presence.

For investor and media inquiries, please contact:

Hello Group Inc.

Investor Relations
Phone: +852-3157-1669
Email: ir@hellogroup.com

Christensen

In China
Ms. Xiaoyan Su
Phone: +86-10-5900-1548
E-mail: Xiaoyan.Su@christensencomms.com 

 

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SOURCE Hello Group Inc.

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TrustCloud Introduces Agentic, Data-Driven Third Party Cyber Assessments to Replace Fundamentally Broken Questionnaire-Based Third Party Risk Management (TPRM)

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Company Replaces Low-Confidence, Point-in-Time Workflows so Enterprises can Continuously Analyze Outside-in Security Feeds and Vendor Security Posture Artifacts to Accurately Identify Gaps and Complete Risk Assessments

BOSTON, May 11, 2026 /PRNewswire/ — TrustCloud®, the AI-native Security Assurance Platform for enterprise CISOs, announced a new version of TrustLens®, the company’s Third Party Risk Management (TPRM) solution. The new TrustLens agentic AI capabilities focus on delivering four critical requirements every CISO wants in their TPRM program: speed, accuracy, coverage, and proactive risk mitigation.

In the latest TrustLens deployments, a Global 2000 life sciences customer leveraged the TPRM AI agent within TrustLens to assist their human agents. As a result, they were able to assess more than 5000 suppliers in six months (a 10x improvement). The TrustLens agent enabled deterministic and accurate risk assessments using a unique combination of AI models and rules, expanded assessed vendor coverage from 20% to 92% of its ecosystem, and identified 4x more critical gaps about their vendors compared to the prior process, resulting in proactive remediation by their supplier landscape.

“Our industry has normalized a version of TPRM that is process-driven rather than outcome-driven, where teams are rewarded for following a rigid process to complete assessments instead of reducing risk and leveraging agentic AI to automate process and improve accuracy,” said Jikku Venkat, Head of Product, Customer Assurance and Third-Party Risk, TrustCloud. “We have introduced an AI agent in TrustLens that automates greater than 70% of the assessment work while still giving the risk analyst control over final decisions and approvals. This replaces point-in-time attestations with continuous proof that stands up to scrutiny at any moment.”

For years, organizations have operated under a model that rewards activity over outcomes, where teams send questionnaires, collect self reported answers, and produce reports that create a sense of diligence while leaving the underlying risk largely untouched. TrustCloud now challenges one of the most deeply entrenched and quietly dangerous assumptions in enterprise security: the belief that documenting risk is the same as managing it. With its new version of the TrustLens product, TrustCloud is now making it clear that the legacy TPRM approach is not just inefficient but fundamentally broken in a world where third party ecosystems are the dominant source of cyber exposure.

With TrustLens’ new agentic AI capabilities, customers now have:

The ability to automatically scope every assessment based on its inherent risk tier; the agent makes it possible to move from one-size fits all questionnaires to right-sizing every single assessment

Real-time knowledge of a vendor’s profile, risks and gaps, and analysis of evidence and data to reduce endless back-and-forth time wasted in manually waiting for and analyzing responses

Intelligent risk summaries, citing documentation, inside-out, outside-in data to accurately complete assessments in a deterministic and auditable fashion

Insights and Q&A to understand business impact of risk factors, allowing anyone to ask questions about the risk posture and gaps with a vendor

Up-to-date security posture data to enable proactive monitoring of security drift and continuously track new risks from a previously completed vendor assessment

TrustCloud’s position is unapologetically direct, which is that most third party risk programs today are not designed to prevent incidents or mitigate risks but to show that someone is completing an assessment to check a box. In an environment where the vast majority of enterprises have already experienced third party-driven breaches, that distinction is no longer acceptable.

“As organizations face increasing regulatory pressure, expanding vendor ecosystems, and a growing gap between perceived and actual risk, we need clear signals that the era of checkbox-driven TPRM is over,” said Dan Walsh, CISO, Datavant. “The future of risk assessment and reporting will require us to understand, report, and reduce risk with transparency, automation, and a data-driven approach that operates 24×7 across our entire vendor landscape.”

“With this launch, we are disrupting the TPRM status quo by eliminating a process that is simply frustrating for both the assessor and the third party,” said Tejas Ranade, Co-founder and CPO, TrustCloud. “We are replacing every broken manual workflow created by ineffective TPRM tools of the past with agentic, continuous data driven assessments that defend an organization from supply chain risk and allow CISOs to finally use their TPRM process as a high-confidence predictor of risk.”

TrustLens® TPRM from TrustCloud is available now. Connect with us for a chat or a demo.

About TrustCloud
TrustCloud is the only Security Assurance Platform that provides AI-native GRC transformation for Chief Information Security Officers. Purpose-built for Global 2000 scale, TrustCloud enables organizations to replace point-in-time, sampling-based assessments with continuous, evidence-backed security assurance, reducing internal audit times from 28 days to three, achieving up to 12× ROI by linking compliance to revenue, and saving an average of 63 person-days of manual work per user annually. Learn more at trustcloud.ai.

TrustCloud®, TrustOps®, TrustShare®, TrustRegister®, TrustLens® and TrustHQ® are registered trademarks of TrustCloud Corporation.

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SOURCE TrustCloud

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