Day: December 11, 2023

Much of the 2022 report highlights sustainability roadmap achievements that started with the company’s first Sustainability Report covering 2021 activities. The company says it has reduced electricity consumption by 3% and recycled 10% more waste compared to 2021, amongst many key metrics.

Pagea describes its sustainability strategy as a guide to drive change towards the circular leather industry. The company utilizes a substrate that would otherwise be landfilled, upcycling and manufacturing it into genuine leather, while being a fair and equal company. CSR targets provide meaningful reduction of environmental impacts, including the use of 70% more renewable chemistry than 2021 levels.

Sustainable Leather Inspection

Pangea says these new products are being tested and prepared for use by automotive manufacturers across the world today. One material recipe has 10% lower CO₂ emissions potential in its manufacturing compared to standard surface materials, and another is over 90% bio-based content with over a third of its chemistry being completely renewable.

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Fortinet harnesses more than a decade of AI innovation and deep threat expertise to empower customers with a cutting-edge GenAI tool that upskills cybersecurity teams

SUNNYVALE, Calif., Dec. 11, 2023 (GLOBE NEWSWIRE) — Fortinet^® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today added Fortinet Advisor, a generative AI (GenAI) assistant, to its portfolio of more than 40 AI-powered offerings. AI has served as the backbone of the Fortinet Security Fabric and FortiGuard Labs threat intelligence and security services for more than a decade, and the implementation of GenAI is Fortinet’s latest innovation designed to protect customers and keep business operations online. The initial release of Fortinet Advisor will help support and guide security operations (SecOps) teams so they can investigate and remediate threats faster than ever before.

“Fortinet has pioneered artificial intelligence innovation within cybersecurity, and to date, we’ve delivered more than 40 AI-powered offerings that put the transformative power of this technology into customers’ hands,” said Michael Xie, Founder, President, and Chief Technology Officer at Fortinet. “We’re excited to build on our legacy as a leader in AI cybersecurity innovation with Fortinet Advisor, which combines Fortinet’s vast intelligence network with the benefits of GenAI to increase security team productivity and accelerate threat detection and mitigation.”

Fortinet Advisor Empowers SecOps Teams
Today, Fortinet Advisor is available within FortiSIEM, Fortinet’s security information and event management solution, and FortiSOAR, Fortinet’s security orchestration, automation, and response offering.

Fortinet Security Operations Solutions already enable customers to slash the time needed to identify and contain threats from more than 20 days to less than an hour and condense investigation and remediation timelines from more than 18 hours to 15 minutes or less.¹ By providing contextually aware incident analysis, remediation guidance, and playbook templates, Fortinet Advisor delivers critical information in natural language within seconds so SecOps teams can further reduce the mean time to detect and respond as well as improve their organizations’ overall risk posture.

Specific benefits of Fortinet Advisor for SecOps teams include:

• Interprets security incidents: Fortinet Advisor rapidly analyzes alerts to generate easy-to-understand incident summaries within seconds, including context and potential impact.
• Builds complex investigation queries: Fortinet Advisor helps security analysts generate productive queries to aid investigations. Analysts enter their desired insights—in natural language—into Fortinet Advisor, which creates precise syntax to return useful results.
• Creates remediation plans: Fortinet Advisor aids in rapid threat response by suggesting threat remediation plans. It can also refine suggested response plans based on real-time analyst feedback.
• Augments playbook creation: Security architects can consult Fortinet Advisor to generate playbook templates, translating processes into actionable plans quickly.

Fortinet Advisor is continuously updated and refined by Fortinet AI and product specialists. Fortinet experts regularly refresh the assistant’s knowledge base with the latest threat information and optimize its interactions and results.

More than a Decade of AI-Powered Threat Research, Prevention, Detection, and Response
Fortinet has been on the bleeding edge of AI innovation for more than a decade, and more than 700,000 customers already benefit from AI-powered offerings, including FortiGuard AI-Powered Security Services, FortiAIOps, FortiEDR, and FortiAnalyzer. The use of AI across the Fortinet Security Fabric aids in zero-day threat detection, helps remediate today’s most sophisticated attacks, and enables IT teams to refine and resolve networking and security issues before they impact the organization.

An Industry-Leading Cybersecurity Platform
The Fortinet Security Operations portfolio is a part of Fortinet’s cybersecurity platform—the Fortinet Security Fabric—and because of this tight integration, organizations can move from a reactive to a proactive security posture and quickly detect and disrupt cyberthreats. Fortinet Security Operations Solutions utilize AI and advanced analytics to identify sophisticated threats early in the kill chain and automate response activity across the Fortinet Security Fabric to speed investigation and remediation.

“GenAI has the power to make security teams smarter, more efficient, and more productive. Fortinet Advisor, which is backed by Fortinet’s long history of AI innovation and deep threat expertise, can help organizations improve business operations and harden themselves against attack, especially for those struggling with the cybersecurity skills gap.” – Jon Oltsik, Distinguished Analyst and Fellow at Enterprise Strategy Group.

Additional Resources

• See Fortinet Advisor in action.
• Learn more about Fortinet Security Operations Solutions.
• Read the full results of the Enterprise Strategy Group report on Fortinet Security Operations Solutions.
• Learn more about FortiGuard Labs threat intelligence and research and Outbreak Alerts, which provide timely steps to mitigate breaking cybersecurity attacks.
• Learn more about Fortinet’s FortiGuard AI-Powered Security Services.
• Follow Fortinet on Twitter, LinkedIn, Facebook, and Instagram. Subscribe to Fortinet on our blog or YouTube.

1. ESG, ESG Economic Validation: The Quantified Benefits of Fortinet Security Operations Solutions, August 1, 2023

About Fortinet

Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the most extensive integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2023 Fortinet, Inc. All rights reserved. The symbols ® and denote respectively federally registered trademarks and common law trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, the Fortinet logo, FortiGate, FortiOS, FortiGuard, FortiCare, FortiAnalyzer, FortiManager, FortiASIC, FortiClient, FortiCloud, FortiMail, FortiSandbox, FortiADC, FortiAI, FortiAIOps, FortiAntenna, FortiAP, FortiAPCam, FortiAuthenticator, FortiCache, FortiCall, FortiCam, FortiCamera, FortiCarrier, FortiCASB, FortiCentral, FortiConnect, FortiController, FortiConverter, FortiCWP, FortiDB, FortiDDoS, FortiDeceptor, FortiDeploy, FortiDevSec, FortiEdge, FortiEDR, FortiExplorer, FortiExtender, FortiFirewall, FortiFone, FortiGSLB, FortiHypervisor, FortiInsight, FortiIsolator, FortiLAN, FortiLink, FortiMoM, FortiMonitor, FortiNAC, FortiNDR, FortiPenTest, FortiPhish, FortiPlanner, FortiPolicy, FortiPortal, FortiPresence, FortiProxy, FortiRecon, FortiRecorder, FortiSASE, FortiSDNConnector, FortiSIEM, FortiSMS, FortiSOAR, FortiSwitch, FortiTester, FortiToken, FortiTrust, FortiVoice, FortiWAN, FortiWeb, FortiWiFi, FortiWLC, FortiWLM and FortiXDR. Other trademarks belong to their respective owners. Fortinet has not independently verified statements or certifications herein attributed to third parties and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrary herein, nothing herein constitutes a warranty, guarantee, contract, binding specification or other binding commitment by Fortinet or any indication of intent related to a binding commitment, and performance and other specification information herein may be unique to certain environments.

GlobeNewswire Distribution ID 8992179

• Acquisition adds smelting capability to serve spent automotive catalyst customers in Europe, Middle East and Africa
  
• Complements ECMS recycling operations and global precious metal services

• Broadens range of materials that can be processed by ECMS

• Closing of transaction expected in early first quarter 2024

ISELIN, N.J., Dec. 11, 2023 (GLOBE NEWSWIRE) — BASF Environmental Catalyst and Metal Solutions (ECMS) has signed an agreement to purchase the assets of Arc Metal AB in Hofors, Sweden. The company currently conducts toll smelting and processing of spent automotive catalyst, among other services, and will further complement ECMS’s existing global precious metal recycling operations in Cinderford, UK, Seneca and Spartanburg, South Carolina, and Caldwell, Texas, USA. The closing of the transaction is expected early in the first quarter of 2024.

“This investment will allow us to grow our recycling business in Europe and bring in best-in-class pyro-metallurgical technology providing flexibility to process high carbon containing materials, like Silicon Carbide found in spent automotive catalyst materials as well as access to new markets,” said Tim Ingle, Senior Vice President, Precious Metal Services and Recycling, ECMS. “We look forward to welcoming our new colleagues who bring vast experience in smelting and processing of spent automotive catalysts.”

The additional smelting capacity at the Sweden site will also increase utilization of the new refinery capacity in Seneca, South Carolina. Recycled catalysts go through a smelting process and are then refined to produce the high purity precious metal needed to make new catalysts and other end use products, supporting a circular economy. Recycled platinum group metals can also lower carbon emissions by up to 97 percent, in comparison to refining mined or primary materials¹.

“The asset purchase will enable ECMS to meet increased customer demand for spent automotive catalyst recycling and position ECMS more competitively in the region,” said Dirk Bremm, President and CEO, ECMS. “The acquisition also aligns with our sustainability efforts and those of our customers since catalyst recycling as a secondary supply is a significant source of precious metals, preserving our critical resources.”

To learn more about BASF’s recycling business, visit www.basf.com/ecms.

¹ Source: Sphera Solutions GmbH (2022): GaBi Database Edition 2022, SP37

About BASF Environmental Catalyst and Metal Solutions
Leveraging its deep expertise as a global leader in catalysis and precious metals, BASF Environmental Catalyst and Metal Solutions (ECMS) serves customers in many industries including automotive, aerospace, indoor air quality, semiconductors, and hydrogen economy, and provides full loop services with its precious metals trading and recycling offering. With a focus on circular solutions and sustainability, ECMS is committed to helping our customers create a cleaner, more sustainable world. Protecting the elements of life is our purpose and this inspires us to ever-new solutions. ECMS operates globally in 15 countries with over 4,500 employees and 20 production sites.

Media Relations contact:
Betsy Arnone
Phone: +1 973-519-9808
betsy.arnone@basf-catalystsmetals.com

GlobeNewswire Distribution ID 8992710

Accomplished executives bring decades of insurance and technology expertise to new board roles

Barbara Bufkin

Board Member / Senior Advisor

BOSTON, Dec. 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, has announced the appointments of Barbara Bufkin and Diane Fanelli to the company’s board of directors. Bufkin joins Duck Creek’s board with an extensive background in global (re)insurance, distribution, underwriting, and technology, advising companies in originating and fostering strategic partnerships. Fanelli is a global customer-centric operations leader known for her expertise in guiding global enterprise software teams and company growth.

“Barbara and Diane are each accomplished and recognized experts in their respective fields, and they will add incredible value to guide Duck Creek’s long-term mission and business strategy,” says Mike Jackowski, CEO of Duck Creek Technologies. “Barbara’s and Diane’s areas of expertise are highly complementary and a perfect fit to enhance our customer success initiatives, advance our partner ecosystem to benefit our insurer customers and their policyholders, and enable our global growth aspirations. It is an honor to have their talents on our board of directors.”

Bufkin is a C-suite executive leader with vast experience in the insurance and reinsurance industry, with roles encompassing operational and strategic responsibilities, business and product development, underwriting, claims, risk management, and corporate governance. Most recently, she served as a senior advisor to Amwins and was a founding member of the Amwins Group Diversity & Inclusion Council. Bufkin has also held executive leadership roles at Argo Group, Assurant, Hamilton USA, Guy Carpenter, Sedgewick Payne (acquired by Guy Carpenter), and Swiss Re. Bufkin advocates for the value of the insurance industry as a career of choice in her role on the Board of Trustees of Gamma Iota Sigma (GIS) and is past president and chair of the governance committee formed during her tenure. Bufkin is a 2012 recipient of the Association of Professional Insurance Women’s (APIW) Woman of the Year award and was inducted into the Insurance Business America Hall of Fame in 2019. Her philanthropic work includes the Inclusion, Diversity, Equity and Accessibility (IDEA) Council of the Insurance Industry Charitable Foundation (IICF).

Diane Fanelli

Board Member / Chief Operating Officer

Fanelli currently serves as Chief Operating Officer (COO) at iCIMS, where she leads the company’s professional services, award-winning customer success, technical support, revenue operations, go-to-market enablement, and customer training teams. In 2019 Fanelli was recognized with a CRN Channel Chief award and the CRN Women of the Channel award in 2018 and 2017 for her success in driving innovation, growth, and revenue through channel partners and customers. Prior global enterprise software executive leadership experience includes COO roles at Citrix and SAP. She has previously served as an executive sponsor of diversity and inclusion programs, including the Veterans to Work initiative at SAP. She is an active supporter of STEM initiatives to inspire today’s youth to focus on the digital careers of tomorrow.

Bufkin and Fanelli’s roles were sourced through the external board program operated by Vista Equity Partners, a global investment firm focused on enterprise software, data, and technology-enabled businesses and a majority investor in Duck Creek. Launched in 2017, the board program leverages Vista’s ecosystem and additional resources to identify, train, and appoint qualified board candidates for its portfolio companies. The program works to create a diverse pipeline of qualified board candidates through programs and partnerships that advance diversity for all boards and drive impact for the corporate world at large.

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Media Contacts

Carley Bunch
carley.bunch@duckcreek.com

Drake Manning
drake.manning@duckcreek.com

Photos accompanying this announcement are available at

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GlobeNewswire Distribution ID 8991936

Why MSPs consider Acronis a best-of-breed solution for modern cybersecurity

BURLINGTON, Mass., Dec. 11, 2023 (GLOBE NEWSWIRE) — Acronis, a global leader in cyber protection, has been highlighted in Frost & Sullivan’s Frost Radar report for Endpoint Security as one of the top companies in the space. The report illustrates the innovation and growth potential of Acronis, and why the company should be strongly considered by organizations looking to invest in or augment the protection of their endpoints.

“The future of security, especially for MSPs’ and their vast networks, is in integrated, multi-layered solutions,” said Gaidar Magdanurov, President at Acronis. “Acronis Cyber Cloud bundles reliable modern data protection and endpoint detection with recovery services in one — empowering MSPs to offer easy, efficient, and secure cyber protection. We are grateful for Frost & Sullivan’s recognition of our hard work as we continue to deliver the best security solution to managed service providers.”

This Frost Radar report underscores the leadership of Acronis in endpoint detection and response (EDR) and data loss prevention (DLP), as well as its ability to provide multiple integrated layers of security in one comprehensive solution. According to Frost & Sullivan, Acronis stands out for:

• An integrated approach to cybersecurity: Frost & Sullivan identified the recent platform development by Acronis, which integrates multiple endpoint security layers, including AI/ML-based behavioral detection engines, anti-exploit capabilities, URL filtering, forensic data collection, and endpoint security management capabilities such as patch management. This integrated approach offers all-encompassing security protection to MSPs, so they can fortify their customers’ networks.
• Its ability to protect and recover corporate data: Frost & Sullivan additionally highlighted how Acronis recently earned a New Product Innovation Award for Data Protection, as well as the organization’s new behavioral-based DLP capabilities. These offerings cement Acronis as a leader in protecting data as well as recovering that information in the event of a successful attack.

The report cites the importance of “Fewer, better, and more comprehensive security solutions” for customers who want to “access an integrated, secure cloud solution that supports zero trust access.” Acronis’ placement on the Frost Radar demonstrates its ability to answer this call with integrated, best-of-breed backup and recovery, endpoint protection management, cybersecurity, and anti-malware protection.

This is not the first time that Frost & Sullivan has featured Acronis as a leader on one of its Frost Radar reports this year. Earlier, the analyst firm recognized Acronis’s disaster recovery as a service (DRaaS) capability. Being recognized as a leader in both these reports underscores the company’s focus and leadership within cyber protection, the intersection of cybersecurity and data protection.

“With more than 20 years in the business, Acronis is a strong example of innovation, growth, and leveling cybersecurity. The team’s integrated approach to securing digital environments has led to better protection of assets across their customers’ ecosystems,” said Sarah Pavlak, Security Industry Principal at Frost & Sullivan.

For more information about Acronis being named a growth and innovation leader in the competitive endpoint security market, check out our blog.

To learn more about how Acronis provides holistic cyber protection for service providers, businesses, and individuals, visit Acronis.com.

About Acronis:
Acronis unifies data protection and cybersecurity to deliver integrated, automated cyber protection that solves the safety, accessibility, privacy, authenticity, and security (SAPAS) challenges of the modern digital world. With flexible deployment models that fit the demands of service providers and IT professionals, Acronis provides superior cyber protection for data, applications, and systems with innovative next-generation antivirus, backup, disaster recovery, and endpoint protection management solutions powered by AI. With advanced anti-malware powered by cutting-edge machine intelligence and blockchain based data authentication technologies, Acronis protects any environment – from cloud to hybrid to on premises – at a low and predictable cost.

Acronis is a Swiss company, founded in Singapore. Celebrating two decades of innovation, Acronis has 1800+ employees in 45 locations. Acronis Cyber Protect solution is available in 26 languages in over 150 countries and is used by 20,000+ service providers to protect over 750,000 businesses.

Press contacts:
Karl Bateson
Karl.Bateson@acronis.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c39a03a9-9064-4a28-b723-f85de77fb996

GlobeNewswire Distribution ID 8992406