By combining intelligent threat detection, cloud-native security, and operational excellence, Penta Security enables organizations to confidently navigate an increasingly complex threat landscape.

SAN ANTONIO, July 1, 2026 /PRNewswire/ — Frost & Sullivan is pleased to announce that Penta Security has received the 2026 South Korea Company of the Year Recognition in the web application firewall (WAF) industry for its outstanding achievements in innovation, strategic execution, and customer impact. This recognition highlights Penta Security’s consistent leadership in driving measurable outcomes, strengthening its market position, and delivering customer-centric innovation in an evolving cybersecurity landscape.

Frost & Sullivan evaluates companies through a rigorous benchmarking process across two core dimensions: strategy effectiveness and strategy execution. Penta Security excelled in both, demonstrating its ability to align strategic initiatives with market demand while executing them with efficiency, consistency, and scale. “Penta Security exemplifies the qualities that define market leadership in today’s rapidly evolving cybersecurity landscape. The company combines advanced technological capabilities, forward-looking strategic direction, and a strong commitment to customer success to create a compelling competitive advantage,” said Ying Ting Neoh, Industry Analyst, Frost & Sullivan.

Guided by a long-term growth strategy focused on cybersecurity innovation, cloud-native security, AI-driven threat detection, and customer success, Penta Security has demonstrated its ability to adapt and lead in a rapidly evolving market. The company recognized early shifts in the cybersecurity landscape and strategically expanded its capabilities beyond traditional WAF technologies to address emerging requirements in API security, cloud-native applications, and distributed environments. Its sustained investment in advanced security technologies has empowered it to maintain leadership while helping organizations navigate increasingly sophisticated cyber threats.

Innovation remains central to Penta Security’s approach. Its flagship WAF solution, WAPPLES, leverages the company’s proprietary Contents Classification and Evaluation Processing (COCEP™) engine, which analyzes web traffic through logical and semantic analysis rather than relying solely on conventional signature-based detection. The platform incorporates AI-based traffic analysis, enhanced encrypted traffic processing, support for modern security protocols, and advanced policy-testing capabilities. These innovations allow organizations to improve threat detection accuracy, reduce false positives, and strengthen protection against sophisticated web application and API attacks while maintaining application performance and operational efficiency.

“We are honored to receive this recognition from Frost & Sullivan, which reflects Penta Security’s long-standing commitment to innovation, execution, and customer value in the cybersecurity market. As security requirements expand across cloud-native environments, APIs, and AI-driven threat landscapes, we remain focused on delivering practical, high-performance security solutions that enable our customers to operate with confidence” said Jihae Lee, CCO (Chief Compliance Officer) of Penta Security.  

Penta Security’s unwavering commitment to customer experience further strengthens its position in the market. Through flexible deployment models—including appliance-based, software-based, cloud, and SaaS offerings—the company enables organizations to adopt security architectures aligned with their operational requirements and digital transformation strategies. Its life cycle-oriented approach, spanning pre-deployment consulting, architecture design, implementation, monitoring, incident response, and ongoing optimization, helps customers maximize operational value while ensuring resilience in mission-critical environments. This customer-centric strategy has contributed to strong adoption across government, financial services, healthcare, and enterprise sectors while fostering long-term customer trust and satisfaction.

Frost & Sullivan commends Penta Security for setting a high standard in competitive strategy, execution, and market responsiveness. The company’s vision, innovation pipeline, and customer-first culture are shaping the future of the WAF industry and driving tangible results at scale. In 2025, Penta Security achieved a steady double-digit year-over-year revenue growth in its WAF business, underscoring the company’s ability to translate innovation into measurable business outcomes while reinforcing customer confidence in its technology and services.

Each year, Frost & Sullivan presents the Company of the Year Recognition to a company that demonstrates outstanding strategy development and implementation, resulting in measurable improvements in market share, customer satisfaction, and competitive positioning. The recognition honors forward-thinking organizations that are reshaping their industries through innovation and growth excellence.

Frost & Sullivan Best Practices Recognition
Frost & Sullivan’s Best Practices Recognitions honor 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.
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Contact: 
Tarini Singh
E: Tarini.Singh@frost.com

About Penta Security
Founded in 1997, Penta Security is a cybersecurity company providing advanced solutions for web security, cloud security, data security, post-quantum cryptography, and passwordless authentication. Built on nearly three decades of expertise in encryption and application security, Penta Security helps organizations protect critical systems, secure sensitive information, and strengthen digital trust in an evolving cyber threat landscape. Contact Us: https://www.pentasecurity.com/contact-us/

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SOURCE Frost & Sullivan

Strategy underscores its call for Asia’s leaders to shift from participation to leadership in advancing Asia-led solutions

SINGAPORE, July 1, 2026 /PRNewswire/ — AVPN, Asia’s largest platform for social impact, today announced a strategic evolution of its products and community models, in response to shifts in the global macro landscape and the growing urgency in Asia’s impact needs. The region faces a USD 26-trillion financing need through 2030 to maintain growth, eradicate poverty and respond to climate changes. AVPN is calling on Asia’s philanthropists, capital holders, and government leaders to take transformative action by shaping an Asia-led framework for how capital must be designed, deployed and coordinated – to meet Asia’s social and environmental needs. Entering its 15th year of moving capital towards Impact for Asia, this evolution affirms AVPN’s role as an Asia-led platform that builds an impact ecosystem rooted in on-ground realities, drives a more prosperous and inclusive Asia, and strengthens the region’s influence on global impact action.

“Asia can no longer be a passive participant in global impact conversations,” said Achal Agarwal, Chair, AVPN. “This USD 26‑trillion gap is not just a financing shortfall; it is an opportunity for Asia to design its own playbook and lead with frameworks grounded in our realities, while shaping global approaches for a more equitable, inclusive and prosperous future.”

Asia’s impact landscape is entering a phase of greater complexity and urgency, with capital pools growing, but deployment remaining fragmented across markets, sectors and stakeholder priorities. Official Development Assistance (ODA) fell by 23.1% in 2025 with a further decline projected for 2026, even as needs continue to rise. Global frameworks, while useful, often fail to capture Asia’s diversity, complexity and context. Within the region’s broader financing need, it also faces a USD 1.5 trillion annual SDG financing gap, underscoring the need for more coordinated capital.

AVPN’s strategic evolution introduces its community model, previously known as membership tiers, redesigned for impact at scale. This is to expand its engagement with the impact ecosystem, such that coordination and collaboration can be multiplied.

The Vantage and Discovery pathways are designed to balance breadth with depth.

Vantage: A paid, relationship-led experience designed for organisations seeking deeper strategic engagement, dedicated support, curated connections, and leadership opportunities.Discovery: A flexible engagement pathway that enables organisations to access the AVPN ecosystem and engage through a combination of complimentary and pay-per-use opportunities.

AVPN’s product portfolio remains focused around four thematic priorities – Climate Action, Health Impact, Gender Equality and Economic Inclusion, which will be activated through dynamic cross‑cutting levers such as AI, policy, impact investing and faith‑based giving. These impact levers ensure AVPN and its impact ecosystem continually unlock new forms of capital and innovation to meet the rising needs of the region.

The new strategy reinforces AVPN’s mission of translating intent into impact by bringing together people, ideas and resources for Asia, and its vision of a thriving impact ecosystem that drives a prosperous and inclusive Asia. AVPN delivers this strategy through flagship convenings such as the AVPN Global Conference and summits, pooled funds, policy dialogues and thematic‑specific initiatives, AVPN will amplify community voices, connect unlikely allies and catalyse coalitions that can drive systems‑level change. Current initiatives include partnerships with Indonesia on health impact, with India on energy transition, collaborations with the ASEAN Business Advisory Council on corporate CSR, and work with ASEAN Ministries of Education on economic inclusion enabled by AI and technology.

“When Asia leads with its own frameworks, informed by local realities and grounded in trust, partnership and mutuality, we can turn challenges into opportunities for generations to come. Asia’s leaders must now step up. There is no time to waste. We should not be participants in our own region; we need to be architects of our Asia-led blueprint for impact. And, AVPN’s role as a trusted impact ecosystem is to provide the connective tissue that allows capital to move with confidence across borders, sectors and instruments, so that ambition becomes action,” added Naina Subberwal Batra, CEO, AVPN.

Solving Asia’s social and environmental challenges demands the full continuum of capital, where grants, debt, and equity are intentionally aligned to move solutions from innovation to scale. Asia needs more than just diverse forms of capital but also shared accountability among partners that reduces perceived risk and enables actors across sectors to converge around collective outcomes. With over 700 organisations across 43 markets, and a 15-year track record of building Asia’s impact ecosystem, AVPN is committed to meet this challenge with clarity and purpose for the hundreds of millions of people whose futures depend on the region getting this right.

-END-

About AVPN

AVPN is Asia’s largest platform for social impact, where over 700 resource providers, innovators and intermediaries from across 43 markets collaborate to mobilise capital.  Grounded in deep regional expertise and partnerships, AVPN is building a thriving ecosystem that accelerates measurable progress toward inclusive growth, empowering Asia to lead the way in global impact. AVPN’s mission is to translate intent into impact by bringing together people, ideas, and resources for Asia. We do this by strengthening partnerships, fostering open collaboration, and enabling the coordinated flow of resources across markets and borders. Together with our community, AVPN is building a thriving impact ecosystem that drives a prosperous and inclusive Asia.

For more information about AVPN and our work, please visit our website and read our latest Annual Review.

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SOURCE AVPN

COLOMBO, Sri Lanka, July 1, 2026 /PRNewswire/ — FitsAir, Sri Lanka’s privately owned international airline, and Amadeus, a leading travel technology company, today announced the signing of a global distribution agreement. The agreement will make FitsAir’s full range of content available to travel sellers worldwide through the Amadeus Travel Platform, supporting the airline’s continued international growth.

Under the agreement, Amadeus-connected travel agencies will be able to search, book, and service FitsAir flights more easily, helping the airline increase its visibility across key global markets while providing travelers with greater choice and convenience.

The partnership enables FitsAir to use Amadeus’ global distribution capabilities to reach a broad network of travel sellers, supporting its strategy to strengthen indirect distribution and grow demand across its expanding route network.

“This agreement with Amadeus is an important step in our international distribution strategy,” said Executive Director of FitsAir, Mr. Ammar Kassim. “By making our content available through the Amadeus Travel Platform, we can connect more effectively with travel sellers worldwide and offer customers greater access to our services.”

“We are pleased to welcome FitsAir to the Amadeus Travel Platform,” said Javier Laforgue, EVP, Travel Unit & Managing Director, Asia Pacific, Amadeus. “This agreement supports FitsAir’s growth ambitions by expanding its global reach, while enabling travel sellers to easily access and book the airline’s content through a trusted and efficient distribution environment.”

The agreement reinforces Amadeus’ commitment to supporting airlines of all sizes with flexible, value driven distribution solutions that help connect airlines, travel sellers, and travelers across the global travel ecosystem.

Learn more about Amadeus at www.amadeus.com

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