Corporate America descends on Washington to fight Trump's China tariffs

Business-Standard | June 17, 2019

New Balance Athletics Inc. has long advocated and benefited from tariffs, competing with Nike Inc. and other footwear companies while still making shoes in the US. Now, it’s among the critics of President Donald Trump’s duties testifying at a public hearing starting Monday. The Boston-based firm said while it supports Trump’s efforts to force China to address intellectual property theft in a trade deal, its U.S. factories are supported by a global supply chain connected to China and built over decades. Duties on soles and other components would hurt the business, as do China’s retaliatory tariffs on U.S. exports, the company said.

Spotlight

If you have ever felt a sense of excitement and mystery going inside an old building-whether occupied or vacantit is probably because its materials and features resonate with the spirit of past people and events.

Spotlight

If you have ever felt a sense of excitement and mystery going inside an old building-whether occupied or vacantit is probably because its materials and features resonate with the spirit of past people and events.

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GOVERNMENT FINANCE

Canvass AI Accelerates Expansion with Completion of US $14.23 Million Series A Funding

FedDev Ontario | August 10, 2022

Canvass Analytics Inc. ("Canvass AI"), a leader in industrial AI software, today announced the completion of its previously reported Series A financing with an extension of US $7.73 million, led by Yamaha Motors Ventures and a CDN $5.7 million (US $4.43 million) repayable loan from the Government of Canada, through the Federal Economic Development Agency for Southern Ontario (FedDev Ontario). The Series A extension will fuel the company's mission to empower industrial workforces to drive impact across their operations with the power of Industrial AI. "The completion of our Series A endorses our go-to-market strategy and the acceptance of our solution in market. Today, leading industrials and manufacturers are using our patented Canvass AI platform to solve challenges that have plagued their operations for decades. This, in turn, is providing a positive impact to their productivity, profitability, and sustainability goals, This additional financing places us in a solid position to achieve our growth plans and accelerate AI adoption in large and mid-cap industrial companies." -Humera Malik, CEO of Canvass AI. As previously announced, the FedDev loan will enable the company to expand its diverse and inclusive workforce in Ontario as the company accelerates its growth with industrial companies who are rapidly adopting and scaling AI across their operations. "Our government believes that protecting our environment and fighting climate change is not only the right thing to do for the planet but also for our economy. The Government of Canada is proud to support tech companies like Canvass AI in the important work they are doing to reduce the environmental impact of major industries as we move toward net-zero emissions." -Honourable Helena Jaczek, Minister responsible for the Federal Economic Development Agency for Southern Ontario. Canvass AI's laser focus on enabling industrial companies to achieve their performance goals faster with the power of AI is filling a gap in the market that industrial companies have been searching for. We are excited by Canvass AI's strategy to empower industrial engineers as the change makers of Industry 4.0 so that the industrials can extend their competitive advantage, reduce costs, and advance their sustainability initiatives, commented Anish Patel, COO and Managing Director of Yamaha Motor Ventures. Canvass AI's customers span the oil and gas, chemical and petrochemical, metals and mining, and energy sectors, all of which contribute significantly to the global economy and will play key roles in combating climate change. The Canvass AI platform provides industrial engineers with easy-to-use AI solutions to apply and scale across their operations that address their operational challenges, without requiring coding or data science expertise. Today, leading companies use Canvass AI to reduce carbon emissions and waste, improve yields, optimize facility operations, improve asset reliability and integrity, and optimize energy consumption. About Canvass AI: Canvass AI is a leading industrial AI software provider that puts the power of AI in the hands of industrial workforces to solve day-to-day operational problems. Some of the world's largest companies use Canvass AI's patented Industrial AI Platform to reduce carbon emissions and waste, improve yields, and optimize facility operations. Backed by Alphabet and Yamaha Motor Ventures, the Company is recognized by CB Insights as one of the world's top 50 technology companies that is advancing manufacturing. About FedDev Ontario: For 13 years, the Government of Canada, through FedDev Ontario, has worked to advance and diversify the southern Ontario economy through funding opportunities and business services that support innovation, growth and job creation in Canada's most populous region. The Agency has delivered impressive results, which can be seen in southern Ontario businesses that are creating innovative technologies, improving productivity, growing revenues, creating jobs, and in the economic advancement of communities across the region.

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EMERGING TECHNOLOGY,GOVERNMENT BUSINESS,GOVERNMENT FINANCE

UK Export Finance Leverages Informatica Cloud Platform to Help Businesses Scale Globally

Informatica | September 22, 2022

Informatica® (NYSE:INFA), an enterprise cloud data management leader, today announced that UK Export Finance is modernizing to the cloud with Informatica’s Intelligent Data Management Cloud (IDMC), freeing up team resources to better serve UK businesses of all sizes and sectors. UK Export Finance is the world’s first and oldest export credit agency, its mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer. In the last year it supported 545 companies supporting exports in 61 countries. The small but nimble department is undertaking a digital transformation journey and selected Informatica to modernize its data architecture on a single cloud platform. Informatica’s IDMC enables enterprises to manage, own and derive insights from their data in the Cloud. UK Export Finance kicked off its digital transformation with a focus on connectivity and fast data ingestion. The IDMC enabled seamless integration with Azure DevOps and Power BI and allows UK Export Finance to manage all data pipelines from a single, browser-based tool and usage-based pricing has lowered the total cost of ownership. With a legacy integration stack, the UK Export Finance technology team was spending more and more time on maintenance and manual hand-coding to rebuild connectors to meet the specs of modern data architectures, taking time away from important projects. This, along with evolving international standards and regulatory requirements, made it the right time to modernize to the cloud. After an intensive decision-making progress, UK Export Finance chose Informatica’s cloud-native IDMC for its best-in-class capabilities, wide array of codeless connectors, and ease of implementation. With AI-powered automation and re-usable templates, IDMC has reduced data loading and build times by 40%, allowing the UK Export Finance technology team to focus on more strategic initiatives. Developers and data scientists are no longer tied down with maintenance and instead applying their expertise in building reports that unearth insights and value from the data for the UK exporters the department serves. “With a mission to better serve British businesses to enter new markets, maximize growth potential and increase the volume of export sales, our team looks to data to unearth insights and uncover new strategies, Informatica’s Intelligent Data Management Cloud has helped alleviate the maintenance and build burden, allowing our team to work on more interesting, strategic initiatives and deliver data-driven recommendations for the UK Exporters we support.” -Daniel Cozens, Senior Technical Lead, UK Export Finance. How businesses manage and innovate with data can be the decider on whether they become an industry disruptor or get left behind. With the IDMC, UK Export Finance can improve operational efficiency, eliminating inefficient hand coding and democratise data across the department to allow faster time to value and timely insights, said Jason Tooley, VP Informatica. We’re pleased to be working with UK Export Finance to unleash the power of its data to help UK businesses and industries thrive. About Informatica: Informatica (NYSE:INFA), an Enterprise Cloud Data Management leader, empowers businesses to realize the transformative power of data. We have pioneered a new category of software, the Informatica Intelligent Data Management Cloud™(IDMC), powered by AI and a cloud-first, cloud-native, end-to-end data management platform that connects, manages, and unifies data across any multi-cloud, hybrid system, empowering enterprises to modernize and advance their data strategies. Over 5,000 customers in more than 100 countries and 85 of the Fortune 100 rely on Informatica to drive data-led digital transformation. About UK Export Finance: UK Export Finance is the UK’s export credit agency and a government department, working along-side the Department for International Trade as an integral part of its strategy and operations. Established in 1919, its mission is to advance prosperity by ensuring no viable UK export fails for lack of finance or insurance, doing that sustainably and at no net cost to the taxpayer.

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EMERGING TECHNOLOGY,CYBERSECURITY

Resecurity Broadens Alliance with Cloud Seguro in Colombia

Resecurity | September 12, 2022

Resecurity, Inc., a U.S. cybersecurity and intelligence company, announced its deepened partnership with Cloud Seguro to expand Resecurity's AI-driven cybersecurity solutions and services to Colombia. Based in Bogotá, Cloud Seguro is a leading Colombian Information Security, Ethical Hacking and Cloud Security company. As Colombia's digital economy expands, cyber threats are increasingly prominent; the first half of 2020 saw a 59% increase in reports of computer crimes compared to the same period of the previous year. In 2019, Colombia was among the countries in Latin America most targeted by cyber criminals. Cybersecurity has become a frequent topic of policy concern for Colombia. The government proposed a Consolidated Guiding Vision in document CONPES 3701, which seeks to generate national cybersecurity policy guidelines. The aim is to develop a national strategy that counteracts the increase in computer threats to Colombia's digitization process. [1] To accelerate the implementation of AI-powered cybersecurity and threat intelligence in Colombia, Resecurity has further partnered with Cloud Seguro to provide Colombian customers best-in-breed risk management. "The relationship between Colombia and the United States has continuously strengthened over the last 300 years to a full partnership that links the governments of both nations around several key issues, including, most recently, terrorism and cybercrime; our deepened partnership with our existing reseller in Colombia, Cloud Seguro, is a natural expansion as Colombia invests in cybersecurity to secure private and public organizations, leveraging AI Resecurity is excited to build a deep relationship with Cloud Seguro to drive cybersecurity market development in Colombia, including participating together in co-organized events and cybersecurity contests." -Gene Yoo, CEO of Resecurity. The synergy between Cloud Seguro and Resecurity will accelerate proactive managed threat detection, vulnerability assessment and penetration testing (VAPT) services for Colombian market. The offering will enable local business leaders to mitigate possible cybesecurity risks and minimize damage from the consequences of data breaches and ransomware activity targeting companies in critical sectors of economy in Latin America. Resecurity's innovative cybersecurity solutions allow organizations to automate the identification, assessment, and triage of incoming cyber threats while staying ahead of cybercriminals using advanced tactics to attack organizations at scale. The AI-driven platform allows administrators to reduce potential blind spots and security gaps by quickly seeing in-depth analysis and specific artifacts obtained through the dark web, botnets activity, network intelligence, and high-quality threat intelligence. "Risk must be identified in each of the processes of companies, not only in technology management; each process has a risk and needs special management in information security. Our alliance with Resecurity allows us to use their bleeding-edge tools and highly innovative team to augment our own team on the ground in Colombia to provide our Colombian customers with unparalleled services, across on-premise, private cloud and public cloud." -German Realpe, CEO and co-founder of Cloud Seguro. About Resecurity: Resecurity is a cybersecurity company providing managed threat detection and response. The company delivers a unified platform for endpoint protection, risk management, and cyber threat intelligence. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named as one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California by Inc. Magazine. An official member of AFCEA, NDIA, SIA, Infragard, the American Chamber of Commerce in Saudi Arabia (AmChamKSA) and the American Chamber of Commerce in Mexico (AmChamMexico). About Cloud Seguro: Founded in 2011, Cloud Seguro's information security consulting is based on managing risk, which is different for each company. Identifying the risks is the best way to understand how to create an information security management system. When the risk of a company's processes and assets is understood, security controls can be implemented, including encryption, technological tools, digital signatures, electronic signatures, VPNs, software, and others. Cloud Seguro has created a simple methodology that is based on processes, procedures and technical controls. With this methodology, it is easy to certify a process over time under the framework of the ISO 27001 standard. Cloud Seguro's clients are from myriad verticals, including health, services, and Fintech.

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