Day: January 16, 2024

Posted on

Accruent Acquisition of RedEye to Accelerate Strategy with Next-Generation Engineering Document Management System

SaaS acquisition transforms engineering document management with a modern, centralized hub for managing engineering drawings, documents and media securely from any device

Austin, TX, Jan. 16, 2024 (GLOBE NEWSWIRE) — Accruent, the leading provider of workplace and asset management solutions and Fortive company (NYSE: FTV), announced today that it has acquired RedEye, an Australia-based engineering document management company specializing in cloud-native solutions. This acquisition reflects Accruent’s ongoing commitment to providing differentiated, cloud-enabled solutions to drive business productivity.

RedEye’s addition to Accruent’s engineering document management system (EDMS) portfolio, which includes Meridian, provides customers with expanded options for storing and accessing their documents. This acquisition further solidifies Accruent’s leadership in the EDMS space, offering a versatile SaaS solution that enables customers across various industries, whether on-premise or cloud-based, to securely manage their engineering documents, drawings, and media from any device.

The RedEye solution:

  • Expedites drawing discovery with advanced search capabilities, leveraging rich metadata, GIS, and QR codes for instant retrieval;
  • Safeguards intellectual property and data in an ISO 27001 compliant solution;
  • Provides robust API connectivity to seamlessly integrate documents across business systems.

Customers will have access to regional data hosting hubs designed to ensure compliance with privacy and security regulations applicable to their business. The offering is tailor-made for operating and maintaining complex facilities across manufacturing, oil and gas, utilities, mining, and pharmaceutical.

Bill Pollak, President of Accruent, shared, “This acquisition underscores our commitment to delivering industry-leading solutions across our portfolio, with a continued investment in comprehensive solutions across the facility and asset workflow, while further expanding Accruent’s presence in the region. Overall, RedEye’s industry-focused, cloud-native solution, coupled with its strong customer satisfaction, aligns with our investment strategy and long-term objectives.”

About Accruent (accruent.com) Accruent is the world’s leading provider of solutions for unifying the built environment — spanning real estate, physical and digital assets, and the integrated technology systems that connect and control them. Accruent continues to set new expectations for how organizations can use data to transform how they manage their facilities and assets. With headquarters in Austin, Texas, Accruent serves over 5,000 customers in a wide range of industries in more than 100 countries worldwide.

Accruent is a registered trademark, and Meridian is a pending trademark, of Accruent, LLC or its subsidiaries in the United States and other jurisdictions.  ©2023 All Rights Reserved.

Stephanie Leontis
Accruent LLC
michele.bedard@accruent.com

GlobeNewswire Distribution ID 9017358

Posted on

TIS & Treasury Strategies Announce an Integrated Bank Fee Analysis Solution for Corporate Treasury & Finance

Global Bank Connectivity, Account Management, & Fee Analysis Through a Single Solution

BOSTON, MA / ACCESSWIRE / January 16, 2024 / Today, Treasury Intelligence Solutions (TIS) and Treasury Strategies, a division of Curinos, Inc., have announced a new partnership agreement that will see Treasury Strategies' global bank fee analysis platform integrated with the TIS cloud platform for cashflow, liquidity, and payments. By leveraging the combined solutions of TIS and Treasury Strategies, corporate treasury and finance teams can now gain complete control and visibility over every element of their banking operations through a single structure.

Since 2010, TIS has enabled organizations to connect their entire banking and back-office landscape together through a single platform that streamlines payments and reporting, simplifies bank account management, and provides total visibility over account balances, transaction details, and all associated bank documentation. By adding the capabilities of the Treasury Strategies bank fee analysis solution, TIS clients can now easily monitor bank fees across all their relationships, standardize fee categories for benchmarking purposes, and automatically identify pricing discrepancies on monthly statements. These capabilities unlock a whole new tier of operational efficiency for clients who want to quickly analyze bank fees across all their relationships and account structures, benchmark these costs across each bank relationship, and then compare their fees against what similar companies are charged both domestically and globally.

Given that TIS has integrated over 85,000 client bank accounts with their platform and can connect organizations to 11,000+ global banking options, the Treasury Strategies bank fee analysis solution serves as a natural extension of these core capabilities. According to Jon Paquette, SVP Solutions at TIS, "The TIS and Treasury Strategies integration is the latest example of our commitment to provide businesses of all sizes and industries with top-tier bank connectivity and bank account management services. With Treasury Strategies as our partner, clients can now access an unprecedented range of datasets to help them evaluate and benchmark the costs of their banking operations on a global scale. This will ultimately enable them to more effectively identify inefficiencies, eliminate redundancies, and create a more sustainable, streamlined, and cost-effective banking structure."

This perspective was shared by Peter Serene, Managing Director of Commercial solutions at Curinos, who added, "We're thrilled to partner with TIS, integrating our advanced bank fee analysis solution, NDepth, into their comprehensive treasury management suite. In today's evolving bank fee and ECR landscape, NDepth is a critical tool. It's designed to empower organizations with unparalleled visibility into their financial operations, aligning with TIS' mission to simplify global payments and cash management. Together, we help organizations assert control over their bank fees, optimize financial processes, and realize substantial savings. This collaboration underscores our commitment to delivering transformative bank fee analysis benefits for treasurers worldwide".

The partnership between TIS and Treasury Strategies is expected to take effect immediately, with both teams working together to develop an enhanced solution offering for clients. For more information about this announcement, refer to the below media contacts.

About Treasury Intelligence Solutions (TIS): TIS helps CFOs, Treasurers, and Finance teams transform their global cash flow, liquidity, and payment functions. Since 2010, our award-winning cloud platform and best-in-class service model have empowered the entire office of the CFO to collaborate more effectively and attain maximum efficiency, automation, and control. With over 11,000 banking options, $80 billion in daily cash managed, and $2.5 trillion in annual transaction volume, TIS has a proven track record of combining our unparalleled market expertise with tailored client and community feedback to drive digital transformation for companies of all sizes and industries. For more information, visit tispayments.com and begin reimagining your approach to global cash flow, liquidity, and payments. For additional information, please visit www.tispayments.com.

About Curinos: Curinos is the leading provider of data, technologies and insights that enable financial institutions to make better, and more profitable, data-driven decisions faster. Curinos brings to market a new level of industry expertise across deposits, lending and digital experience solutions and technologies. Through access to comprehensive datasets and analytics, intelligent technologies and connected behavioral insights, Curinos is the partner of choice to help you attract, retain and grow more profitable customer relationships. For additional information, please visit www.curinos.com.

About Treasury Strategies: Treasury Strategies, a division of Curinos is a leading treasury consultancy working with public and private sector treasury organizations. Our experience and thought leadership in corporate treasury management, banking, risk management, working capital, liquidity and payments, combined with our comprehensive view of the market, rewards our clients with a unique perspective and actionable solutions. For additional information, please visit www.TreasuryStrategies.com.

Contact Information

Jennifer Knutel
SVP Global Marketing
jennifer.knutel@tispayments.com

Brooke Mansfield
Director, Global Marketing
brooke.mansfield@curinos.com

SOURCE: TIS

.

View the original press release on newswire.com.

Posted on

Fortinet Announces the Industry’s First Wi-Fi 7–Enabled Secure Networking Solution

New Wi-Fi 7 access point and 10 Gigabit Power over Ethernet switch unlock 2x faster speeds and increased capacity for Fortinet’s integrated portfolio of secure wired and wireless offerings

SUNNYVALE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the industry’s only comprehensive secure networking solution integrated with Wi-Fi 7. Fortinet’s first Wi-Fi 7 access point, FortiAP 441K, delivers increased speed and capacity, and the new FortiSwitch T1024 is purpose-built with 10 Gigabit Ethernet (GE) access and 90W Power over Ethernet (PoE) technology to support Wi-Fi 7 bandwidth requirements. These new devices deliver the cutting-edge wireless performance today’s enterprises need and, as a part of the Fortinet Secure Networking solution, seamlessly integrate with AIOps and FortiGuard AI-Powered Security Services for unmatched security, visibility, and control.

“Fortinet is the only vendor converging networking technology and AI-powered security into a single, holistic solution to connect and protect the wired and wireless LAN,” said John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet. “With today’s news, we’re putting the latest wireless technology breakthrough into the hands of customers, who can now take advantage of Wi-Fi 7’s increased throughput while keeping their wireless traffic secure and their business efficient.”

Helping customers harness the power of Wi-Fi 7
Enterprises are eager to embrace the increased speed and bandwidth of Wi-Fi 7, the latest generation of wireless technology, to support data-heavy applications and wireless devices in their networks. However, new technologies like Wi-Fi 7 can expand an organization’s attack surface, and legacy security solutions may struggle to inspect and secure the increase in data-rich traffic. In today’s sophisticated, constantly evolving threat landscape, organizations cannot leave gaps in their security posture unchecked. Fortinet’s comprehensive Secure Networking solution supports Wi-Fi 7 while delivering the enterprise-grade protection, AI-powered security, and AIOps automation capabilities customers need to keep their wireless traffic secure.

New AP and switch bring Wi-Fi 7 to the enterprise
The new FortiAP 441K and FortiSwitch T1024 are the latest innovations within the Fortinet Secure Networking solution, which converges networking technologies with AI-powered security across all edges. The FortiAP 441K leverages the Wi-Fi 7 Qualcomm® Networking Pro 1220 Platform from Qualcomm Technologies, Inc., a leading wireless technology innovator at the forefront of the development of Wi-Fi 7, and delivers the following benefits:

  • Up to 2x faster connection speeds: The FortiAP 441K delivers lightning-fast wireless connections that are up to 2x faster for the same configuration.
  • Faster data transfer than ever before: Support for 4096 QAM enables faster data transfer, which is critical for bandwidth-heavy enterprise applications, such as video streaming and collaboration tools.
  • Lower latency: By using 320MHz channels, a single FortiAP 441K can leverage a wider spectrum to improve data speeds and reduce latency to ensure a positive end-user experience.
  • Better load balancing and reduced interference: Flexible channel utilization through preamble puncturing and advanced multi-link operation ensures highly resilient and reliable connections to keep businesses online and productive.

To take full advantage of all the benefits of Wi-Fi 7, organizations must ensure their underlying network infrastructure can accommodate the increased speed and capacity demands. The new FortiSwitch T1024 10 GE access switch with 90W PoE was designed specifically to support new Wi-Fi 7–enabled APs. When customers use the new AP and switch together, they can harness the faster speed, power, and performance of Wi-Fi 7 and ensure an excellent experience for all users and devices.

The industry-leading Fortinet Secure Networking solution
The Fortinet Secure Networking solution is a part of Fortinet’s cybersecurity platform—the Fortinet Security Fabric—and because of this tight integration, organizations can seamlessly converge networking devices with cutting-edge security. This enables customers to use FortiGate Next-Generation Firewalls as wireless controllers to benefit from FortiGuard AI-Powered Security Services like advanced malware protection, sandboxing, and web filtering. Customers can also leverage FortiAIOps, Fortinet’s AI for IT operations tool, to generate real-time insights into potential network issues and automate manual tasks throughout the WAN and LAN. And with the introduction of Wi-Fi 7, the solution delivers all these capabilities with industry-leading wireless speed and capacity.

Supporting Quotes
“Qualcomm Technologies is pleased to continue collaborating closely with Fortinet to pair next-gen Secure Networking solutions with our Qualcomm Networking Pro 1220 platform. The Qualcomm Networking Pro 1220 platform in the FortiAP 441K is designed to set new benchmarks for enterprise networking performance with massive capacity, wire-like stability and blazing fast speeds, pushing the boundaries of what Wi-Fi can do in the modern enterprise.” — Ganesh Swaminathan, Vice President and General Manager, Wireless Infrastructure and Networking, Qualcomm Technologies, Inc.

“We were thrilled to learn that Fortinet was ahead of the curve with a Wi-Fi 7–capable access point. I have designed and installed wireless technology from myriad vendors for more than 20 years, but it wasn’t until the FortiAP 441K that I truly understood all of the networking, security, and spectrum analysis features missing from other vendors. Fortinet takes the technology to an entirely new level and have yet again exponentially exceeded all expectations by delivering world class connectivity, security, diagnostics, and analytics in their latest wireless solution.” – Mike Chase, SVP solutions engineering, AireSpring

“We forecast that in five years, over three-fourths of Enterprise WLAN revenue will come from Wi-Fi 7 access points, driven by demand to make use of the new 6 GHz spectrum. Coincident with the introduction of Wi-Fi 7 availability, we see a trend where organizations will demand that their Wi-Fi infrastructure is very tightly integrated with its security infrastructure. Fortinet is well positioned as one of the first major enterprise vendors to introduce Wi-Fi 7 and has aggressively incorporated security functions to its networking products.” – Chris Depuy, Co-Founder and Technology Analyst, 650 Group

Additional Resources

Qualcomm Networking Pro Series platforms are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated.

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 largest 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.

Media Contact: Investor Contact: Analyst Contact:
Margaret Reeb Peter Salkowski Brian Greenberg
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
408-235-7700 408-331-4595 408-235-7700
pr@fortinet.com psalkowski@fortinet.com analystrelations@fortinet.com


GlobeNewswire Distribution ID 9017364

Posted on

Fortinet Announces the Industry’s First Wi-Fi 7–Enabled Secure Networking Solution

New Wi-Fi 7 access point and 10 Gigabit Power over Ethernet switch unlock 2x faster speeds and increased capacity for Fortinet’s integrated portfolio of secure wired and wireless offerings

SUNNYVALE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the industry’s only comprehensive secure networking solution integrated with Wi-Fi 7. Fortinet’s first Wi-Fi 7 access point, FortiAP 441K, delivers increased speed and capacity, and the new FortiSwitch T1024 is purpose-built with 10 Gigabit Ethernet (GE) access and 90W Power over Ethernet (PoE) technology to support Wi-Fi 7 bandwidth requirements. These new devices deliver the cutting-edge wireless performance today’s enterprises need and, as a part of the Fortinet Secure Networking solution, seamlessly integrate with AIOps and FortiGuard AI-Powered Security Services for unmatched security, visibility, and control.

“Fortinet is the only vendor converging networking technology and AI-powered security into a single, holistic solution to connect and protect the wired and wireless LAN,” said John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet. “With today’s news, we’re putting the latest wireless technology breakthrough into the hands of customers, who can now take advantage of Wi-Fi 7’s increased throughput while keeping their wireless traffic secure and their business efficient.”

Helping customers harness the power of Wi-Fi 7
Enterprises are eager to embrace the increased speed and bandwidth of Wi-Fi 7, the latest generation of wireless technology, to support data-heavy applications and wireless devices in their networks. However, new technologies like Wi-Fi 7 can expand an organization’s attack surface, and legacy security solutions may struggle to inspect and secure the increase in data-rich traffic. In today’s sophisticated, constantly evolving threat landscape, organizations cannot leave gaps in their security posture unchecked. Fortinet’s comprehensive Secure Networking solution supports Wi-Fi 7 while delivering the enterprise-grade protection, AI-powered security, and AIOps automation capabilities customers need to keep their wireless traffic secure.

New AP and switch bring Wi-Fi 7 to the enterprise
The new FortiAP 441K and FortiSwitch T1024 are the latest innovations within the Fortinet Secure Networking solution, which converges networking technologies with AI-powered security across all edges. The FortiAP 441K leverages the Wi-Fi 7 Qualcomm® Networking Pro 1220 Platform from Qualcomm Technologies, Inc., a leading wireless technology innovator at the forefront of the development of Wi-Fi 7, and delivers the following benefits:

  • Up to 2x faster connection speeds: The FortiAP 441K delivers lightning-fast wireless connections that are up to 2x faster for the same configuration.
  • Faster data transfer than ever before: Support for 4096 QAM enables faster data transfer, which is critical for bandwidth-heavy enterprise applications, such as video streaming and collaboration tools.
  • Lower latency: By using 320MHz channels, a single FortiAP 441K can leverage a wider spectrum to improve data speeds and reduce latency to ensure a positive end-user experience.
  • Better load balancing and reduced interference: Flexible channel utilization through preamble puncturing and advanced multi-link operation ensures highly resilient and reliable connections to keep businesses online and productive.

To take full advantage of all the benefits of Wi-Fi 7, organizations must ensure their underlying network infrastructure can accommodate the increased speed and capacity demands. The new FortiSwitch T1024 10 GE access switch with 90W PoE was designed specifically to support new Wi-Fi 7–enabled APs. When customers use the new AP and switch together, they can harness the faster speed, power, and performance of Wi-Fi 7 and ensure an excellent experience for all users and devices.

The industry-leading Fortinet Secure Networking solution
The Fortinet Secure Networking solution is a part of Fortinet’s cybersecurity platform—the Fortinet Security Fabric—and because of this tight integration, organizations can seamlessly converge networking devices with cutting-edge security. This enables customers to use FortiGate Next-Generation Firewalls as wireless controllers to benefit from FortiGuard AI-Powered Security Services like advanced malware protection, sandboxing, and web filtering. Customers can also leverage FortiAIOps, Fortinet’s AI for IT operations tool, to generate real-time insights into potential network issues and automate manual tasks throughout the WAN and LAN. And with the introduction of Wi-Fi 7, the solution delivers all these capabilities with industry-leading wireless speed and capacity.

Supporting Quotes
“Qualcomm Technologies is pleased to continue collaborating closely with Fortinet to pair next-gen Secure Networking solutions with our Qualcomm Networking Pro 1220 platform. The Qualcomm Networking Pro 1220 platform in the FortiAP 441K is designed to set new benchmarks for enterprise networking performance with massive capacity, wire-like stability and blazing fast speeds, pushing the boundaries of what Wi-Fi can do in the modern enterprise.” — Ganesh Swaminathan, Vice President and General Manager, Wireless Infrastructure and Networking, Qualcomm Technologies, Inc.

“We were thrilled to learn that Fortinet was ahead of the curve with a Wi-Fi 7–capable access point. I have designed and installed wireless technology from myriad vendors for more than 20 years, but it wasn’t until the FortiAP 441K that I truly understood all of the networking, security, and spectrum analysis features missing from other vendors. Fortinet takes the technology to an entirely new level and have yet again exponentially exceeded all expectations by delivering world class connectivity, security, diagnostics, and analytics in their latest wireless solution.” – Mike Chase, SVP solutions engineering, AireSpring

“We forecast that in five years, over three-fourths of Enterprise WLAN revenue will come from Wi-Fi 7 access points, driven by demand to make use of the new 6 GHz spectrum. Coincident with the introduction of Wi-Fi 7 availability, we see a trend where organizations will demand that their Wi-Fi infrastructure is very tightly integrated with its security infrastructure. Fortinet is well positioned as one of the first major enterprise vendors to introduce Wi-Fi 7 and has aggressively incorporated security functions to its networking products.” – Chris Depuy, Co-Founder and Technology Analyst, 650 Group

Additional Resources

Qualcomm Networking Pro Series platforms are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated.

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 largest 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.

Media Contact: Investor Contact: Analyst Contact:
Margaret Reeb Peter Salkowski Brian Greenberg
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
408-235-7700 408-331-4595 408-235-7700
pr@fortinet.com psalkowski@fortinet.com analystrelations@fortinet.com


GlobeNewswire Distribution ID 9017364

Posted on

Fortinet Announces the Industry’s First Wi-Fi 7–Enabled Secure Networking Solution

New Wi-Fi 7 access point and 10 Gigabit Power over Ethernet switch unlock 2x faster speeds and increased capacity for Fortinet’s integrated portfolio of secure wired and wireless offerings

SUNNYVALE, Calif., Jan. 16, 2024 (GLOBE NEWSWIRE) — Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced the industry’s only comprehensive secure networking solution integrated with Wi-Fi 7. Fortinet’s first Wi-Fi 7 access point, FortiAP 441K, delivers increased speed and capacity, and the new FortiSwitch T1024 is purpose-built with 10 Gigabit Ethernet (GE) access and 90W Power over Ethernet (PoE) technology to support Wi-Fi 7 bandwidth requirements. These new devices deliver the cutting-edge wireless performance today’s enterprises need and, as a part of the Fortinet Secure Networking solution, seamlessly integrate with AIOps and FortiGuard AI-Powered Security Services for unmatched security, visibility, and control.

“Fortinet is the only vendor converging networking technology and AI-powered security into a single, holistic solution to connect and protect the wired and wireless LAN,” said John Maddison, Chief Marketing Officer and EVP, Product Strategy at Fortinet. “With today’s news, we’re putting the latest wireless technology breakthrough into the hands of customers, who can now take advantage of Wi-Fi 7’s increased throughput while keeping their wireless traffic secure and their business efficient.”

Helping customers harness the power of Wi-Fi 7
Enterprises are eager to embrace the increased speed and bandwidth of Wi-Fi 7, the latest generation of wireless technology, to support data-heavy applications and wireless devices in their networks. However, new technologies like Wi-Fi 7 can expand an organization’s attack surface, and legacy security solutions may struggle to inspect and secure the increase in data-rich traffic. In today’s sophisticated, constantly evolving threat landscape, organizations cannot leave gaps in their security posture unchecked. Fortinet’s comprehensive Secure Networking solution supports Wi-Fi 7 while delivering the enterprise-grade protection, AI-powered security, and AIOps automation capabilities customers need to keep their wireless traffic secure.

New AP and switch bring Wi-Fi 7 to the enterprise
The new FortiAP 441K and FortiSwitch T1024 are the latest innovations within the Fortinet Secure Networking solution, which converges networking technologies with AI-powered security across all edges. The FortiAP 441K leverages the Wi-Fi 7 Qualcomm® Networking Pro 1220 Platform from Qualcomm Technologies, Inc., a leading wireless technology innovator at the forefront of the development of Wi-Fi 7, and delivers the following benefits:

  • Up to 2x faster connection speeds: The FortiAP 441K delivers lightning-fast wireless connections that are up to 2x faster for the same configuration.
  • Faster data transfer than ever before: Support for 4096 QAM enables faster data transfer, which is critical for bandwidth-heavy enterprise applications, such as video streaming and collaboration tools.
  • Lower latency: By using 320MHz channels, a single FortiAP 441K can leverage a wider spectrum to improve data speeds and reduce latency to ensure a positive end-user experience.
  • Better load balancing and reduced interference: Flexible channel utilization through preamble puncturing and advanced multi-link operation ensures highly resilient and reliable connections to keep businesses online and productive.

To take full advantage of all the benefits of Wi-Fi 7, organizations must ensure their underlying network infrastructure can accommodate the increased speed and capacity demands. The new FortiSwitch T1024 10 GE access switch with 90W PoE was designed specifically to support new Wi-Fi 7–enabled APs. When customers use the new AP and switch together, they can harness the faster speed, power, and performance of Wi-Fi 7 and ensure an excellent experience for all users and devices.

The industry-leading Fortinet Secure Networking solution
The Fortinet Secure Networking solution is a part of Fortinet’s cybersecurity platform—the Fortinet Security Fabric—and because of this tight integration, organizations can seamlessly converge networking devices with cutting-edge security. This enables customers to use FortiGate Next-Generation Firewalls as wireless controllers to benefit from FortiGuard AI-Powered Security Services like advanced malware protection, sandboxing, and web filtering. Customers can also leverage FortiAIOps, Fortinet’s AI for IT operations tool, to generate real-time insights into potential network issues and automate manual tasks throughout the WAN and LAN. And with the introduction of Wi-Fi 7, the solution delivers all these capabilities with industry-leading wireless speed and capacity.

Supporting Quotes
“Qualcomm Technologies is pleased to continue collaborating closely with Fortinet to pair next-gen Secure Networking solutions with our Qualcomm Networking Pro 1220 platform. The Qualcomm Networking Pro 1220 platform in the FortiAP 441K is designed to set new benchmarks for enterprise networking performance with massive capacity, wire-like stability and blazing fast speeds, pushing the boundaries of what Wi-Fi can do in the modern enterprise.” — Ganesh Swaminathan, Vice President and General Manager, Wireless Infrastructure and Networking, Qualcomm Technologies, Inc.

“We were thrilled to learn that Fortinet was ahead of the curve with a Wi-Fi 7–capable access point. I have designed and installed wireless technology from myriad vendors for more than 20 years, but it wasn’t until the FortiAP 441K that I truly understood all of the networking, security, and spectrum analysis features missing from other vendors. Fortinet takes the technology to an entirely new level and have yet again exponentially exceeded all expectations by delivering world class connectivity, security, diagnostics, and analytics in their latest wireless solution.” – Mike Chase, SVP solutions engineering, AireSpring

“We forecast that in five years, over three-fourths of Enterprise WLAN revenue will come from Wi-Fi 7 access points, driven by demand to make use of the new 6 GHz spectrum. Coincident with the introduction of Wi-Fi 7 availability, we see a trend where organizations will demand that their Wi-Fi infrastructure is very tightly integrated with its security infrastructure. Fortinet is well positioned as one of the first major enterprise vendors to introduce Wi-Fi 7 and has aggressively incorporated security functions to its networking products.” – Chris Depuy, Co-Founder and Technology Analyst, 650 Group

Additional Resources

Qualcomm Networking Pro Series platforms are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

Qualcomm is a trademark or registered trademark of Qualcomm Incorporated.

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 largest 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

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Media Contact: Investor Contact: Analyst Contact:
Margaret Reeb Peter Salkowski Brian Greenberg
Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
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Single Use Support continues to grow, expanding its team by 40%

Innovative process solution provider Single Use Support continues to deliver strong organic growth, supported by an expansion in its employee base. With a successful year 2023 in the rear-view mirror, 2024 is already shaping up to be even better.

Single Use Support Headquarters Kufstein, Austria

Single Use Support. Pioneering Biopharma. Fluid and Cold Chain Management Process Solution Provider

KUFSTEIN, Austria, Jan. 16, 2024 (GLOBE NEWSWIRE) — Single Use Support has established the groundwork for an exciting new year ahead: the process solution provider anticipates further growth across its global operations.

More than 70% growth of non-COVID business

Following strong growth of COVID-related projects in previous years, Single Use Support grew its non-COVID business by more than 70% in 2023. The Austrian-based process solution provider serves the most innovative and prominent pharmaceutical companies to develop novel therapies and advanced lifesaving therapeutics. The fluid management specialist covers well-established drug classes such as monoclonal antibodies as well as emerging therapeutics in areas such as cell and gene therapies, antibody-drug conjugates, and others.

Employee base grows by 40%

The continued growth of the business is secured by a significant increase in personnel. Single Use Support grew its workforce to over 170 employees, an increase of more than 40% over the last six months. Christian Praxmarer, CEO of Single Use Support, is fully committed to continuing the company’s success story: “Together with our team and with our customers we will continue to grow by offering innovative solutions that address the daily challenges faced by manufacturers in the biopharma industry.”

Strong order backlog for 2024

Single Use Support’s award-winning solutions continued to gain significant traction among major pharmaceutical companies and C(D)MOs globally. Several well-known industry participants have already placed significant orders for consumables and platform systems designed to aliquot, freeze/thaw, store, and ship high-value drug substances. “Based on our current order backlog and ongoing project tenders, we feel confident that we can deliver strong non-COVID-related year-over-year growth in 2024,” added Christopher Dürolf, CFO of Single Use Support.

Contact: Michael Eder m.eder@susupport.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0b81e312-6fb3-404c-a50b-03878e6d26fc

GlobeNewswire Distribution ID 1000908951

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Conexus Credit Union Selects nCino for a Frictionless Member Experience

Canadian credit union to automate workflows and consolidate and optimize its tech stack with the nCino Cloud Banking Platform

REGINA, Saskatchewan and WILMINGTON, N.C., Jan. 16, 2024 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today announced that Conexus Credit Union has selected nCino’s Commercial Banking Solution to increase automation within their business workflows. As part of a single platform, Conexus will also implement nCino’s Automated Spreading Solution, which is powered by nCino IQ (nIQ); and nCino’s Portfolio Analytics and Document Management Solutions.

As one of the largest credit unions in Saskatchewan, Conexus Credit Union has 30 branches to support its 130,000 members. With a mission “to improve the financial well-being of our members and communities,” Conexus chose nCino to equip hundreds of advisors with the tools they need to serve their members with efficiency, transparency and speed. By empowering its employees to make data-driven decisions through the nCino platform, Conexus will reduce time to value, loan processing time and cost, and create a more frictionless experience for its members.

With more efficient workflows and better insights into the loan portfolio, Conexus can also achieve faster time to market, moving at pace and scale to nimbly adapt to changes in the market.

“We are dedicated to bringing unparalleled value to our members and the Saskatchewan community at large,” said Celina Philpot, CEO at Conexus Credit Union. “We’re continuously looking for ways to improve our services and nCino was a clear fit as a partner to help us get to the next level. With nCino, we’re excited to further streamline our operations, boost our decision-making processes, help ensure compliance and create a frictionless experience for our employees and members.”

“We are thrilled to be partnered with Conexus on their modernization journey,” said Greg Wipke, Vice President, Canada at nCino. “Conexus plays an important role in its local economy and members’ financial wellbeing. We’re excited to be able to deliver the nCino platform to help them gain efficiencies, making access to capital easier and faster for its members, while helping Conexus reduce risks through improved transparency.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,800 financial services providers globally. For more information, visit www.ncino.com.

About Conexus Credit Union
Conexus is a forward-thinking, innovative credit union committed to improving the financial well-being of our members and communities. We do this by creating simple, personal, and empowering experiences for our members that are transformational, not just transactional. We are one of Saskatchewan’s largest credit unions and being connected to our communities across the province is a commitment we have upheld for the last 80+ years. As a local co-operative, our profits are returned to our members through our rates, no-fee accounts, community investment and more. Visit Conexus.ca for more information

Media Contact for nCino

Natalia Moose
press@ncino.com

Media Contact for Conexus Credit Union

publicrelations@conexus.ca

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

GlobeNewswire Distribution ID 9017182

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Global Strategic Technology Leader Vahé Torossian Joins Builder.ai From Microsoft As President and Chief Partner Officer

Torossian brings more than three decades of leadership in building strategic partnerships and driving aggressive growth for multibillion-dollar tech innovators

Vahe Torossian

LONDON, Jan. 16, 2024 (GLOBE NEWSWIRE) — Builder.ai, the AI powered composable software platform that allows every business and entrepreneur to become digitally powered, has appointed former Microsoft senior executive Vahé Torossian as President and Chief Partner Officer.

Torossian, a proven leader in the global tech sector with over three decades of experience, joins Builder.ai following his successful tenure in high-impact leadership roles at Microsoft, where he was most recently Corporate Vice President, Microsoft Business Applications. Torossian is an agile, internationally recognized executive with a long track record of helping multibillion-dollar organizations deliver on their digital transformation strategies by challenging the status quo and effectively executing on cutting-edge innovations.

In his new role at Builder.ai, he will be responsible for optimizing and accelerating the company’s overall growth and partnership strategy, with a focus on hyperscaler organizations and North America. He brings his background in understanding cross-industry business challenges and building strategic partnerships to help Builder.ai and its customers set bold ambitions and deliver against them.

“I’m so proud & deeply excited to welcome Vahé to the team. He brings with him an unprecedented expertise that has driven high performance at global technology giants, as well as a deep experience in successfully building business around the world,” said Sachin Dev Duggal, Founder & Chief Wizard, Builder.ai. “Given the importance of cloud hyperscalers for our customers; having someone with his skills, leadership and reputation added to our talented team marks another significant exciting milestone for Builder.ai & burns a really bright light into our future.”

Torossian added: “Builder.ai has been on my radar in recent years thanks to its dynamic pace of growth. The organization’s practical innovations in the AI space have been particularly inspiring to watch as they are already used by the most non technical of users. During a time when the AI narrative is such an important topic around the world, I’m thrilled to be joining a team that has been leading these conversations and bringing to market unique and ambitious AI-powered solutions. It’s very exciting to join a company that’s reimagine how software is built; and finally democratizing access to the billions of people who are not technologists. I’m looking forward to playing a key part in pushing this even further lock step with an incredible team.”

Torossian joins Builder.ai after successfully leading various global executive roles at Microsoft, which includes Corporate Vice President of Worldwide Business Applications, Corporate Vice President Small, Midmarket, Corporate Accounts and Partners and President of Western Europe and CEO of Microsoft France.

Established in 2016, Builder.ai continues to lead the industry with its AI-powered composable software platform that allows anyone with an idea to build an app (web or mobile) – faster and more affordably. By breaking software down into reusable lego-like features, and coupling with state of the Artificial Intelligence and Natasha (the world’s first AI product manager) and its patented software assembly line, Builder.ai has been able to demonstrate success globally in allowing customers of all sizes to become software first.

About Builder.ai
Builder.ai® is an AI-powered composable software platform for every idea and company on the planet. The AI-powered assembly line fuses together Lego-like reusable features, using Building Blocks™ automation to reduce human effort, leveraging a verified network of experts to vastly extend development capabilities, and producing apps at almost zero failure rate that are multitudes cheaper and faster than traditional software development.

Led by serial entrepreneur Sachin Dev Duggal, Builder.ai is reshaping how software is built and operated with a suite of products and services, including BUILDER STUDIO, BUILDER CLOUD, BUILDER NOW, STUDIO STORE and STUDIO RAPID. In 2020, Builder.ai landed on the 2023 Fast Company list of Most Innovative Companies, was awarded “Hottest AI Startup” and 2022’s “Hottest Scale-Up” at the Europas for Europe’s successful tech start-ups and Best COVID-19 Innovation-Recovery at CogX and awarded ‘Visionary’ in the 2021 Gartner® Magic Quadrant™ for Multi-experience Development Platforms. Builder.ai is headquartered in London, supported by employees and hubs in Delhi NCR, Singapore, Los Angeles, Salt Lake City, Sophia Antipolis, and Dubai. For more information, visit Builder.ai.

BUILDER.AI and BUILDER are trademarks of Engineer.ai Corp. All other marks are trademarks of their respective owners.

Media Contact:
Stephanie.lowenthal@builder.ai

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a5fffc12-681f-4cfa-8920-95c74675c7de

GlobeNewswire Distribution ID 1000908736