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Ericsson announces sale of iconectiv

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iconectiv is a US subsidiary of Ericsson acquired in 2012, and a provider of network number portability solutions and data exchange servicesThe divestment will allow iconectiv to continue its growth trajectory under the new ownership of Koch Equity Development LLC

STOCKHOLM, Aug. 17, 2024 /PRNewswire/ — Ericsson (NASDAQ: ERIC) announces that it has entered into a binding agreement with Koch Equity Development LLC in relation to the sale of iconectiv (the “Transaction”).

Ericsson’s cash benefit from the Transaction, after the settlement of anticipated taxes, transaction expenses, and other liabilities, is expected to be approximately SEK 10.6 billion [1] (USD 1.0 billion).

Ericsson expects to record a one-off EBIT benefit of approximately SEK 8.8 billion [1] (USD 0.8 billion) on closing of the Transaction.

The Transaction is subject to customary closing conditions, including regulatory approvals, with completion targeted during the first half of calendar 2025.

iconectiv is consolidated by Ericsson and reported within Segment Enterprise. iconectiv’s contribution [2] to Ericsson 2023 net income was approximately SEK 1.0 billion (USD 0.1 billion).

iconectiv is a US subsidiary of Ericsson acquired in 2012 as part of the Telcordia acquisition. Since 2017, iconectiv has been co-owned with private equity firm Francisco Partners. iconectiv serves over 5,000 customers across various sectors as a leading provider in number portability solutions, and a provider of core network and operations management, numbering and data exchange services as its main segments, and with limited strategic synergies with the rest of Ericsson’s portfolio.

[1] Assuming a USD – SEK exchange rate of 10.56. Realized exchange rate to be determined on closing.

[2] Contribution to net income including minority interests and shareholder loan impacts. Ericsson’s shareholder loan to iconectiv was SEK 6.7 billion at year end 2023.

NOTES TO EDITORS:

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FOR FURTHER DETAILS CONTACT:

Contact person
Daniel Morris, Head of Investor Relations
Phone: +44 7386657217
E-mail: investor.relations@ericsson.com

Investors
Lena Häggblom, Director, Investor Relations
Phone: +46 72 593 27 78
E-mail:  lena.haggblom@ericsson.com

Alan Ganson, Director, Investor Relations
Phone: +46 70 267 27 30
E-mail: alan.ganson@ericsson.com

Media
Ralf Bagner, Head of Media Relations
Phone: +46 76 128 47 89
E-mail: ralf.bagner@ericsson.com

Media relations
Phone: +46 10 719 69 92
E-mail: media.relations@ericsson.com

Forward-looking statements

This release includes forward-looking statements. All statements other than statements of historical fact are forward-looking statements. The words “believe,” “expect,” “foresee,” “anticipate,” “assume,” “intend,” “likely,” “projects,” “may,” “could,” “plan,” “estimate,” “forecast,” “will,” “should,” “would,” “predict,” “aim,” “ambition,” “seek,” “potential,” “target,” “might,” “continue,” or, in each case, their negative or variations, and similar words or expressions are used to identify forward-looking statements. These statements are subject to risks and uncertainties that could cause actual results to differ materially and adversely from those expressed in, or implied or projected by, the forward-looking statements.

We caution investors that these statements are subject to risks and uncertainties many of which are difficult to predict and generally beyond our control that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and statements.

Important factors that could affect whether and to what extent any of our forward-looking statements materialize include, but are not limited to, the factors described in the section “Risk Factors” in the latest interim reports, and in “Risk Factors” in the Annual Report 2023.

These forward-looking statements also represent our estimates and assumptions only as of the date that they were made. We expressly disclaim a duty to provide updates to these forward-looking statements, and the estimates and assumptions associated with them, after the date of this release, to reflect events or changes in circumstances or changes in expectations or the occurrence of anticipated events, whether as a result of new information, future events or otherwise, except as required by applicable law or stock exchange regulations.

This is information that Telefonaktiebolaget LM Ericsson is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 22:30 CEST on August 16, 2024.

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Ericsson announces sale of iconectiv

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SOURCE Ericsson

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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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