Technology

Flex Announces Leadership Teams for Flex and Planned Cloud and Power Infrastructure Spin-Off (SpinCo)

Published

1 day ago

July 29, 2026

AUSTIN, Texas, July 29, 2026 /PRNewswire/ — Flex (Nasdaq: FLEX) today announced key leadership roles for both Flex and “SpinCo,” the planned independent, publicly traded company comprising its Cloud and Power Infrastructure segment following the expected spin-off in the first calendar quarter of 2027 (Spin-Off).

These appointments further strengthen the leadership teams expected to lead both companies following the Spin-Off, alongside previously announced Chief Executive Officers Revathi Advaithi and Michael Hartung at SpinCo and Flex, respectively.

SpinCo Leadership

Bill Watkins, Non-Executive Chairman of the Board of DirectorsRevathi Advaithi, Chief Executive OfficerKevin Krumm, Chief Financial Officer*Rob Campbell, Chief Commercial OfficerMattias Jansson, President, Embedded PowerTodd Hoover, President, Critical PowerHooi Tan, Chief Operating OfficerChris Butler, Chief Technology & Strategy Officer

“AI is fundamentally reshaping how infrastructure is built, powered, and scaled, and this is the right time to create two focused companies, each aligned to a distinct opportunity,” said Advaithi. “I’m excited to lead SpinCo, and grateful to build this next chapter with a leadership team that reflects the depth and expertise this business will need as an independent company.”

*Krumm, currently Flex Chief Financial Officer (CFO), is expected to become SpinCo CFO upon completion of the separation. He will continue serving as Flex CFO through the transaction. Flex has initiated a search for a permanent CFO and expects to appoint a successor before the transaction is completed.

Flex Leadership

Revathi Advaithi, Non-Executive Chairman of the Board of Directors (transitional period)Michael Hartung, Chief Executive OfficerDennis Kirkpatrick, President, Integrated Technology SolutionsMike Thoeny, President, Regulated Manufacturing SolutionsRodrigo DallOglio, Chief Operating OfficerIvan Brockman, Chief Business Transformation Officer

“I’m honored to build on Flex’s proven playbook as we enter our next chapter with a clear focus on the long-term growth opportunities shaping the markets we serve,” said Hartung. “With the exceptional leadership team we’re announcing today, Flex is well positioned to create lasting value for our customers, employees, and shareholders.”

For more information about the proposed executive leadership team, please visit the Executive Bios page.

About Flex

Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps leading brands design, build, and manage products that improve the world. With a global footprint spanning 30 countries, Flex delivers advanced manufacturing and supply chain solutions, innovative products and technology, and lifecycle services that support customers from concept to scale. In the AI era, Flex is helping customers accelerate data center deployment by solving power, heat, and scale challenges through cutting-edge power and cooling technology and scalable IT infrastructure solutions. For information about Flex’s intent to spin off its Cloud and Power Infrastructure portfolio, visit: https://flex.com/transaction-resources

Contacts

Flex Investors & Analysts
Michelle Simmons
Senior Vice President, Global Investor Relations and Public Relations
(669) 242-6332
Michelle.Simmons@flex.com

Flex Media & Press
press@flex.com 

Cautionary Statement Regarding Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Words such as “anticipate,” “believe,” “expect,” “intend,” “may,” “plan,” “project,” “will,” and similar expressions identify forward-looking statements. These forward-looking statements include, without limitation, statements regarding the planned Spin-Off of Flex’s cloud and power infrastructure business into an independent, publicly traded company; the expected timing of the Spin-Off and the ability to complete the Spin-Off; the anticipated benefits of the Spin-Off, including enhanced strategic focus, financial flexibility, and value creation for shareholders; the expected tax-free treatment of the Spin-Off for U.S. federal income tax purposes; the expected future performance of each company following completion of the Spin-Off; management changes and leadership of each company; and statements about business strategies, growth opportunities, market position, and financial outlook for each company. These forward-looking statements are based on current expectations, estimates, and assumptions involving risks and uncertainties that could cause actual outcomes and results to differ materially from those anticipated by these forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements.

Risks and uncertainties related to the proposed Spin-Off include, but are not limited to: uncertainties as to whether the Spin-Off will be completed and the timing thereof; the possibility that various conditions to the completion of the Spin-Off may not be satisfied or waived; the possibility that the Spin-Off will not qualify for the expected tax-free treatment for U.S. federal income tax purposes; the risk that the Spin-Off may be more difficult, time-consuming, or costly than expected, including the impact on Flex’s resources, systems, procedures, and controls; the possibility that the strategic, operational, and financial benefits of the Spin-Off may not be achieved or may take longer to achieve than expected; the failure to obtain, or delays in obtaining, required legal, regulatory or other approvals necessary to complete the Spin-Off; disruption from the Spin-Off, including potential adverse effects on relationships with customers, suppliers, employees, and other business partners; competitive responses to the announcement or completion of the Spin-Off; diversion of management’s attention from ongoing business operations; the possibility of disputes, litigation, or unanticipated costs in connection with the Spin-Off; uncertainty regarding the financial performance of either company following the Spin-Off; negative effects of the announcement or pendency of the Spin-Off on the market price of Flex’s securities and/or on Flex’s financial performance; the ability to achieve anticipated capital structures, credit ratings, and financing in connection with the Spin-Off; the ability to retain key personnel; impacts of geopolitical conflicts; and any changes in general economic and/or industry-specific conditions. Additional information concerning risks relating to Flex’s business is described under “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Flex’s most recent Annual Report on Form 10-K and in Flex’s subsequent filings with the U.S. Securities and Exchange Commission (the “SEC”). All forward-looking statements are made as of the date hereof, and Flex assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by applicable law.

Important Information and Where to Find It

In connection with the proposed Spin-Off, Flex intends to file relevant materials with the SEC, including, among other filings, a proxy statement on Schedule 14A that will be mailed or otherwise disseminated to shareholders of Flex seeking their approval of the Spin-Off-related proposals. In addition, a registration statement on Form 10 (the “Form 10”) is expected to be filed with the SEC by SpinCo with respect to its common stock. This communication is not a substitute for the proxy statement and Form 10 or any other document that may be filed with the SEC by Flex or SpinCo. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE PROXY STATEMENT, THE FORM 10 AND ANY OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED BY EACH OF FLEX AND SPINCO WITH THE SEC IN CONNECTION WITH THE PROPOSED SPIN-OFF (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT FLEX, SPINCO, THE PROPOSED SPIN-OFF AND RELATED MATTERS. Investors will be able to obtain free copies of the proxy statement and Form 10 and other relevant documents (when they become available) that will be filed by each of Flex and SpinCo with the SEC on the SEC’s website at http://www.sec.gov. Investors also will be able to obtain free copies of the proxy statement and other relevant documents that will be filed by Flex with the SEC from the investor relations page on Flex’s website at investors.flex.com.

Participants in the Solicitation

Flex and certain of its directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of Flex in connection with the proposed Spin-Off. Information regarding Flex’s directors and executive officers and their ownership of Flex ordinary shares is contained in Flex’s proxy statement for its 2026 annual meeting of shareholders, which was filed with the SEC on June 24, 2026, including under the headings “Corporate Governance,” “Fiscal Year 2026 Non-Employee Directors’ Compensation,” “Proposal No. 1: Re-election of Directors,” “Proposal No. 3: Non-Binding, Advisory Resolution on Executive Compensation,” “Compensation Discussion and Analysis,” “Executive Compensation,” “Information about our Executive Officers” and “Security Ownership of Certain Beneficial Owners and Management.” To the extent the holdings of the Flex securities by the Flex directors and executive officers have changed since the amounts set forth in the proxy statement for its 2026 annual meeting of shareholders, such changes have been or will be reflected on Initial Statements of Beneficial Ownership on Form 3 or Statements of Beneficial Ownership on Form 4 filed with the SEC. More detailed information regarding the identity of potential participants, and their direct or indirect interests, by securities, holdings or otherwise, will be set forth in the proxy statement and other materials when they are filed with the SEC in connection with the proposed Spin-Off. You may obtain free copies of these documents using the sources indicated above.

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SOURCE Flex

Technology

Bold Security Extends Endpoint Data Protection to Every AI Interaction

Published

23 minutes ago

July 30, 2026

Bold introduces new layer of endpoint protection, securing data as it moves to copilots, agents, and the tools employees use every day.

NEW YORK, July 30, 2026 /PRNewswire/ — Bold Security today announced a new layer of data protection covering the full range of AI interactions on the endpoint: from prompts and clipboard activity in web-based copilots to file access, MCP payloads, and commands issued by autonomous agents. This announcement extends Bold’s on-device data protection across these AI workflows, giving security teams control at a layer they’ve never been able to fully see.

The endpoint has become the primary place where sensitive data is exposed to AI—and one of the fastest-growing sources of enterprise data risk. According to the Cloud Security Alliance, 65% of enterprises reported an AI-related incident in the past year, and 61% of those incidents involved data exposure. Nearly every one of these interactions touches the endpoint. It’s where data, users, and AI converge—and the one layer network and cloud tools can’t reach. Desktop AI apps can bypass the proxy entirely, while agents communicate and extract data through channels like desktop applications and the command line. DLP was never built to solve that.

“For years, endpoint data exposure was an accepted compromise. Security teams relied on DLP to protect what they could, knowing there were blind spots they couldn’t easily close,” said Nati Hazut, Co-Founder and CEO of Bold. “AI turned those blind spots into one of the biggest challenges enterprises face, because the data organizations care about most now moves through entirely new interactions.”

That gap is what Bold closes. Seeing these interactions is only the start: governance tools can flag that someone used an AI tool, but not what data was involved or whether it was a risk. That takes understanding the data itself, and the context around it: who’s acting, where it’s going, how sensitive it is. The same upload can be routine or a serious risk depending on all of it. That distinction is what Bold makes, on the device, in real time.

Bold now protects every AI interaction on the endpoint:

Web-based AI: prompts, clipboard, and uploads into copilots and chat tools, tied to the account being used.Desktop AI apps: clipboard, uploads, local file access, and the payloads passed through MCP.AI agents and CLI: full sessions, local and remote MCP, and the commands agents run on a user’s behalf.

Bold’s on-device AI monitors and analyzes every one of these interactions locally, in real time, keeping productive AI use flowing and stopping risky activity, without data ever leaving the endpoint.

Bold’s new AI data protection layer is in private preview. Read more about it on our blog and see it in action next week at Black Hat, booth #2970.

About Bold
Bold is real-time data security for the modern endpoint. Bold runs AI directly on the device to classify data by meaning, understand how people and AI interact with it, and prevent sensitive data from leaving in real time. Bold classifies any data, no regex required, and its decisions reflect the account, the destination, and the sensitivity of the data involved. Raw data stays on the endpoint. The result: protection against real risk without slowing people down. Companies like Tekion, eCapital, HiBob, and Cresta trust Bold. Bold can be reached at info@bold.security.

Contact:
Ignacio Ramirez
ignacio@switchpr.com
1-415-517-6708

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SOURCE Bold Security

Technology

Balance Point Announces its Investment in ShipSigma

Published

23 minutes ago

July 30, 2026

WESTPORT, Conn., July 30, 2026 /PRNewswire/ — Balance Point Capital Advisors, LLC (“Balance Point”), in conjunction with its affiliated funds, is pleased to announce its investment in ShipSigma (the “Company”). Balance Point provided debt and equity capital to facilitate Inverness Graham Investments’ (“IGI”) recapitalization of the Company.

Founded in 2018, ShipSigma has become a leading parcel and supply-chain optimization partner for small and medium-sized enterprises. Powered by more than 20 billion parcel and less-than-truckload data points, ShipSigma analyzes each customer’s shipping profile to identify and execute opportunities for greater efficiency and savings. The Company combines proprietary cost modeling with carrier expertise to optimize contracts and automate invoice audits.

“Balance Point is thrilled to partner with ShipSigma and IGI on this transaction and support the Company’s next phase of growth” said Adam Sauerteig, Partner at Balance Point. “We believe ShipSigma provides immediately quantifiable and impactful savings for customers in a complex and ever-changing parcel shipping ecosystem, and we look forward to supporting the Company’s expansion.”

“Balance Point continues to be a value-added partner to Inverness Graham,” said IGI Principal Ryan Geary. “ShipSigma represents the fourth executed investment with Balance Point over the past few years; we appreciate their strong support for our investment approach, and we look forward to continuing to find ways to work with Balance Point in the future.”

About Balance Point

Balance Point is an alternative investment manager focused on the lower middle market. With approximately $2.4 billion in assets under management, Balance Point invests debt and equity capital in select lower middle market companies across a variety of investment vehicles. Balance Point takes a long-term, partnership approach to investing and is committed to building lasting relationships with its partners, management teams and intermediaries. Balance Point is a registered investment advisor. Further information is available at www.balancepointcapital.com.

About ShipSigma

ShipSigma is a tech-enabled parcel spend management platform serving middle-market shippers. The Company uses proprietary analytics and carrier contract expertise to offer a white glove service that helps businesses negotiate better contracts with shippers, monitor ongoing contract compliance, and audit invoices. To learn more, visit www.shipsigma.com.

About Inverness Graham

Inverness Graham is a Philadelphia-based, operationally focused private investment firm that partners with innovative, high-growth businesses where technology is transforming traditional industry. With more than $1.8 billion in assets under management, Inverness Graham brings institutional-scale capabilities to the North American lower middle market while maintaining a focused partnership approach with founders and management teams. To learn more, visit www.invernessgraham.com

Adam H. Sauerteig
Office: 203-652-8555
asauerteig@balancepointcapital.com

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SOURCE Balance Point Capital

Technology

Nuclearn Launches Equipment AI for Real-Time Alarm Diagnosis and Insight at Nuclear Plants

Published

23 minutes ago

July 30, 2026

New AI-powered workflow connects sensor data, work history, and plant documentation, so teams can diagnose equipment issues and manage alarms in minutes, with more confidence.

PHOENIX, July 30, 2026 /PRNewswire/ — Nuclearn, a leading provider of AI solutions purpose-built for the nuclear industry, today announced the launch of Equipment AI, a new product that connects sensor data, work history, operator logs, condition reports, procedures, design documents, and maintenance guidance into a single AI-powered workflow. The product helps nuclear teams diagnose equipment issues and manage alarms in real time and with more confidence.

“Alarm fatigue and the loss of institutional knowledge as our most experienced engineers retire are two of the biggest risks facing this industry,” said Brad Fox, CEO of Nuclearn. “Equipment AI addresses both at once – putting decades of plant experience in front of the engineer at the moment they need it. Leveraging AI to create a meaningful shift in how nuclear utilities approach plant reliability is why we started Nuclearn in the first place, and Equipment AI is a direct result of that mission.”

Nuclear plants monitor thousands of components, and even a routine day can bring a steady stream of low level alarm notifications. Separating a nuisance alarm from a genuine equipment concern is a full-time job, yet the information needed to make that call, including sensor trends and the plant record behind them, typically lives across multiple disconnected systems. Most AI tools analyze either sensor data or maintenance records, but rarely both. Equipment AI reasons across time-series data and unstructured plant information in a single platform, producing a complete picture rather than an isolated chart, alarm, or work order. Beyond sharper diagnostics, it’s also helping the industry preserve decades of engineering knowledge as it prepares for its next generation of workers.

Equipment AI brings together nuclear domain knowledge, utility data integrations, and source-grounded AI workflows, giving teams a purpose-built way to connect equipment data, plant documentation, and operational context in one place. It is built for the systems nuclear teams already use, including plant historian (PI) data, work order systems, and CAP/condition report platforms, and is designed with the security, traceability, and audit-trail requirements the industry expects.

“Most tools challenge teams to find and aggregate sensor trends supporting the paperwork, and the applied first principles engineering behind it. Equipment AI does both at once, giving engineers the full picture of what a piece of equipment has been telling them, not just a fragment of it,” said Lorenzo Slay, Vice President of Product at Nuclearn. “This is especially true in nuclear power, where the context behind an alarm often lives in a work order, a condition report, or a procedure written years ago. Equipment AI brings all of that together in real time, so teams can make a faster, better-informed call.”

Equipment AI is already live at several nuclear plants, where teams are seeing significant improvements in alarm response time and diagnosis speed. It is available for immediate purchase. Visit https://nuclearn.ai/our-product/equipment-ai/ for more information about Equipment AI or to request a demo.

About Nuclearn

Nuclearn is an AI solutions company built by nuclear professionals, for nuclear professionals. Founded in 2021 by industry veterans Brad Fox and Jerrold Vincent, the company develops secure, on-premise, Part 810–compliant AI platforms designed specifically for the nuclear sector.

Utilities face documentation-heavy processes, complex compliance requirements, and rising workforce challenges. Nuclearn’s flagship solutions, including AtomAssist, CAP AI, Engineering AI, and Performance Improvement AI, address these needs by reducing repetitive tasks, improving accuracy, and strengthening regulatory confidence. Each solution is trained on nuclear-specific data, purpose-built to integrate with existing systems such as Maximo and SAP, and equipped with features for traceability, auditability, and safety-conscious decision support.

Headquartered in Phoenix, Arizona, Nuclearn already supports utilities across the U.S., Canada, and the U.K., with deployments live at dozens of reactors. Learn more at www.nuclearn.ai.

Media Contacts

Nuclearn
Brian Critchfield
Vice President of Marketing
brian@nuclearn.ai

Demarco Strategy Group for Nuclearn:
Karen DeMarco
karen@demarcostrategygroup.com

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SOURCE Nuclearn.ai