INDEPENDENT RESEARCH FIRM NAMES CLOUDFLARE A WEB APPLICATION FIREWALLS LEADER

Cloudflare receives highest score among evaluated WAF providers in the strategy category


SAN FRANCISCO, Sept 28 (Bernama-BUSINESS WIRE) -- Cloudflare, Inc. (NYSE: NET), the security, performance, and reliability company helping to build a better Internet, has been named by Forrester Research, Inc. as a Leader in The Forrester Wave™: Web Application Firewalls, Q3 2022 report. Cloudflare’s Web Application Firewall (WAF) solutions received the highest possible score in 10 criteria including Innovation, Partner Ecosystem, Community, and more.

“Cloudflare’s WAF is trusted by millions of customers around the world to keep their websites and applications secure. That’s why we continue to innovate at such a relentless pace, to build the best platform for protecting APIs and application web traffic,” said Matthew Prince, co-founder and CEO of Cloudflare. “We're proud to be recognized as a Leader in this space by Forrester and that more and more enterprises choose Cloudflare to fully protect their networks from the most sophisticated attacks.”

In The Forrester Wave™: Web Application Firewalls, Forrester notes, “Cloudflare Web Application Firewall shines in configuration and rule creation,” and that “Cloudflare stands out for its active online user community and its associated response time metrics.” The report continues, “Reference customers praised the ‘custom rule flexibility and richness,’ ‘excellent dashboard and configuration options.’” In closing, the report notes: “Cloudflare is a top choice for those prioritizing usability and looking for a unified application security platform.”

Cloudflare’s global network spans more than 275 cities in over 100 countries and processes on average over 36 million HTTP requests per second, giving Cloudflare unprecedented visibility into network patterns and attack vectors. Cloudflare’s WAF uses these unprecedented insights to help ensure that hackers and vulnerability scanners can’t find or leverage vulnerabilities in web applications and APIs. As a core component of Cloudflare's application security portfolio, customers of all sizes use Cloudflare’s powerful API Gateway to quickly discover APIs they weren’t aware of and easily secure them in just a few clicks.

Forrester evaluated 12 participating vendors based on 24 criteria across current offering, strategy, and market presence. To learn more, please check out the resources below:

• Forrester Wave™ Blog
• The Forrester Wave™: Web Application Firewalls, Q3 2022 Report

About Cloudflare

Cloudflare, Inc. (www.cloudflare.com / @cloudflare) is on a mission to help build a better Internet. Cloudflare’s suite of products protect and accelerate any Internet application online without adding hardware, installing software, or changing a line of code. Internet properties powered by Cloudflare have all web traffic routed through its intelligent global network, which gets smarter with every request. As a result, they see significant improvement in performance and a decrease in spam and other attacks. Cloudflare was named to Entrepreneur Magazine’s Top Company Cultures 2018 list and ranked among the World’s Most Innovative Companies by Fast Company in 2019.

Forward Looking Statements

This press release 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, which statements involve substantial risks and uncertainties. In some cases, you can identify forward-looking statements because they contain words such as “may,” “will,” “should,” “expect,” “explore,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “contemplate,” “believe,” “estimate,” “predict,” “potential,” or “continue,” or the negative of these words, or other similar terms or expressions that concern Cloudflare’s expectations, strategy, plans, or intentions. However, not all forward-looking statements contain these identifying words. Forward-looking statements expressed or implied in this press release include, but are not limited to, statements regarding Cloudflare’s plans and objectives for its web application firewall (WAF) solutions and other products and technology, the benefits to customers from using Cloudflare’s global network, WAF, and other products and technology, the expected functionality and performance of Cloudflare’s global network, WAF,, and other products and technology, Cloudflare’s technological development, future operations, growth, initiatives, or strategies, and comments made by Cloudflare’s CEO and others. Actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Cloudflare’s filings with the Securities and Exchange Commission (SEC), including Cloudflare’s Quarterly Report on Form 10-Q filed on August 4, 2022, as well as other filings that Cloudflare may make from time to time with the SEC.

The forward-looking statements made in this press release relate only to events as of the date on which the statements are made. Cloudflare undertakes no obligation to update any forward-looking statements made in this press release to reflect events or circumstances after the date of this press release or to reflect new information or the occurrence of unanticipated events, except as required by law. Cloudflare may not actually achieve the plans, intentions, or expectations disclosed in its forward-looking statements, and you should not place undue reliance on Cloudflare’s forward-looking statements.

© 2022 Cloudflare, Inc. All rights reserved. Cloudflare, the Cloudflare logo, and other Cloudflare marks are trademarks and/or registered trademarks of Cloudflare, Inc. in the U.S. and other jurisdictions. All other marks and names referenced herein may be trademarks of their respective owners.

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Contact

Cloudflare, Inc.
Daniella Vallurupalli
Vice President, Head of Global Communications
press@cloudflare.com

Source : Cloudflare, Inc.

NEW SAFETY LAW, SERIOUS ACCIDENTS PUNISHMENT ACT CHANGING KOREA CONSTRUCTION INDUSTRY

KUALA LUMPUR, Sept 28 (Bernama) -- The need for safety management across industrial sites has increased significantly in South Korea recently, with the enforcement of the Serious Accidents Punishment Act (SAPA).

As fatal accidents on industrial sites have become a major social issue, the National Assembly has passed SAPA which took effect on Jan 27, 2022, according to a statement.

Although SAPA is not much different from the established Occupational Safety and Health Act as both Acts are aimed at preventing serious accidents while ensuring the safety of workers.

It has expanded the range of those applicable disasters to a great extent with much enhanced punishment for violating the law.

With a surge in market demand to comply with SAPA, various solutions and products have been released to take a proactive approach to prevent accidents and casualties at construction sites.

LG U+ introduced “Smart Safety Solution,” a Bluetooth and machine learning-based smart safety platform.

Meanwhile, GSIL, a smart safety company, launched a smart safety integrated platform “BE-IT” with 4th industrial technologies such as IoT, ICT, and AI, providing a solution to manage safety issues and productivity through integrated safety data in the field.

The K-ConSafety Expo, which will be held at KINTEX in Goyang from Oct 19 to 21, is a great opportunity to meet the latest products and solutions of smart construction safety companies to manage on-site safety and prevent serious accidents.

In addition to LG U+ and GSIL, POSCO ICT will participate as an official sponsor.

More details at www.k-consafetyexpo.com.

-- BERNAMA

BENTLEY, GENESYS COLLABORATE TO PROVIDE 3D MAPPING FOR MAJOR INDIA CITIES

KUALA LUMPUR, Sept 28 (Bernama) -- Bentley Systems Incorporated, the infrastructure engineering software company, and Genesys International, a pioneer in advanced mapping and geospatial content services, announced that Genesys’ 3D City Digital Twin Solution for Urban India – the first city digital twin project launched by any Indian company – will be powered by OpenCities 365, Bentley’s infrastructure digital twin solution for cities and campuses.

According to a statement, this massive mapping and surveying project has begun and will capture most of urban India.

Genesys previously partnered with Bentley to successfully pilot an earlier digital twin solution that enabled the smart inventory management of telecom infrastructure using Bentley’s OpenTower iQ software.

Kaushik Chakraborty, Bentley’s vice president, regional executive, Asia Pacific, said: “We are extremely happy to contribute to this massive mapping project of national importance with our technology and services.

“The 3D cities digital twin project will enable our public agencies, service providers, and citizens to deliver or avail services, plan and execute projects, make informed decisions, and improve their quality of life.

“The initiative will also drive the adoption of digital technology in the infrastructure segment. The output from this project will serve as the foundation for initiatives that we can launch to sustain the economy and environment.”

Sajid Malik, chairman and managing director at Genesys International said: “The Genesys 3D City Digital Twin Solution for Urban India, powered by Bentley’s OpenCities 365, will enable us to create and curate city-scale digital twins that empower government and private entities across India to improve their execution, efficiency, and strategising capabilities using the 3D data.”

Bentley Systems employs more than 4,500 colleagues and generates annual revenues of approximately US$1 billion in 186 countries. (US$1 = RM4.614)

For more information, visit www.bentley.com.

-- BERNAMA

UPGRAD HIRES SRIKANTH IYENGAR AS CEO - WORKFORCE DEVELOPMENT

KUALA LUMPUR, Sept 27 (Bernama) -- Asia's largest higher edtech company, upGrad has announced a senior appointment to its leadership team, with the hiring of Srikanth Iyengar who joins as the Chief Executive Officer (CEO) - Workforce Development, effective September 2022.

According to a statement, Iyengar has over two decades of work experience spanning North America and Europe.

In his previous profiles, he led large multinational businesses across diverse industries like tech services and learning/talent upskilling, consistently driving revenue growth and profitability across a portfolio of 2,000 global clients across North America, Europe, and APAC regions.

Welcoming Iyengar in his new role, upGrad Co-founder & MD, Mayank Kumar said: “We continue to strengthen our focus on the global enterprise segment in pursuit of predictable, profitable, and sustainable growth.

“With Srikanth joining our leadership team, we look at leveraging his sharp business acumen and multi-cultural intellect to further sharpen our client focus, strengthen our operational excellence and global presence, and also enhance sales leadership for continued growth.”

In his current role, Iyengar will build and scale a B2B proposition that upskills experienced technology professionals.

With this offering, upGrad is well placed to address a significant and growing technology skills gap in the global marketplace, by delivering a world-class proposition.

It will also be responsible for leveraging the company's unparalleled width of technology curriculums, significantly large alumni community, and proven expertise in delivering tangible learning outcomes.

Iyengar's efforts will be instrumental in setting up a robust ‘Diversity and Inclusion (DnI)’ framework to allow businesses to build a future-ready and productive workforce.

With a strong focus on the US, Europe, and select western markets, Iyengar will continue to work from London, United Kingdom.

-- BERNAMA

THE GLOBE AND MAIL ANNOUNCES THAT LEDDARTECH HAS BEEN SELECTED AS ONE OF CANADA'S TOP GROWING COMPANIES

QUEBEC CITY, Sept 27 (Bernama-GLOBE NEWSWIRE) -- LeddarTech^®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce its recognition among Canada’s Top Growing Companies for 2022 by the Globe and Mail’s Report on Business, where LeddarTech ranked 280 out of 430 eligible companies.

The Canada’s Top Growing Companies list ranks Canadian companies on three-year revenue growth. LeddarTech thus continues to be recognized for its market-leading technology and business practices and, most recently, received two awards for its LeddarVision™ sensor fusion and perception software solution.

Canada’s Top Growing Companies is an editorial ranking launched in 2019. It aims to celebrate the boldest entrepreneurial achievement by identifying and bringing the accomplishments of innovative businesses in Canada to the forefront. In order to qualify for this voluntary program, companies had to complete an in-depth application process and fulfill requirements. In total, 430 companies earned a spot on this year’s ranking.

“LeddarTech is very honored to be named by the Globe and Mail’s Report on Business as one of Canada’s Top Growing Companies,” stated Charles Boulanger, CEO of LeddarTech. “LeddarTech began in Canada in 2007 with a commitment to developing technology that improves people’s quality of life, increases public safety and encourages greater global environmental sustainability. In 2022 we celebrate our 15^th anniversary, and our commitments have not changed,” Mr. Boulanger continued. “On behalf of the management team, Board of Directors and our employees, I express our collective appreciation for this recognition. We remain motivated to continue our mission to become the most deployed sensor fusion and perception software solution that enables ADAS and AD applications.”

“Canada’s Top Growing Companies recognizes the tremendous ambition and innovation of entrepreneurs in Canada,” says Dawn Calleja, Editor of Report on Business magazine. “The next generation of Canadian businesses can draw inspiration from this ranking.”

“In an uncertain world, the success stories of the companies marked in this year’s Report on Business magazine’s list of Top Growing Companies are a beacon of optimism,” says Phillip Crawley, Publisher and CEO of The Globe and Mail. “The Globe and Mail congratulates them on their achievements.”

About The Globe and Mail

The Globe and Mail is Canada’s foremost news media company, leading the national discussion and causing policy change through brave and independent journalism since 1844. With award-winning coverage of business, politics and national affairs, The Globe and Mail newspaper reaches 5.9 million readers every week in print or digital formats, and Report on Business magazine reaches 2.3 million readers in print and digital every issue. The Globe and Mail’s investment in innovative data science means that as the world continues to change, so does The Globe. The Globe and Mail is owned by Woodbridge, the investment arm of the Thomson family.

About LeddarTech

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain. LeddarTech provides cost-effective perception solutions scalable from Level 2 ADAS to Level 5 full autonomy with LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model from a variety of sensor types and configurations. LeddarTech also supports LiDAR manufacturers and Tier 1-2 automotive suppliers with key technology building blocks such as LeddarSteer™ digital beam steering and the LeddarEngine™, which comprises a highly integrated, scalable LiDAR SoC and software combination that enables the accelerated design of automotive-grade LiDAR solutions with optimized cost-to-performance ratios. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 140 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Investor relations contact: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

SOURCE : LeddarTech inc.

'WE NEED NEW FORM OF MONEY' SOPNENDU MOHANTY, MONETARY AUTHORITY OF SINGAPORE AT GLOBAL FINTECH FEST 2022

MUMBAI, India, Sept 23 (Bernama-BUSINESS WIRE) -- Speaking at Global Fintech Fest (GFF) 2022, at a fireside chat with Smita Aggarwal, Global Investments Advisor of Flourish Ventures, Mr. Sopnendu Mohanty, Chief Fintech Officer, Monetary Authority of Singapore, said, “In the new architecture of Web 3.0, asset transfers are not only done traditionally, therefore we need a new form of money that transacts on a distributed ledger. Therefore today, the central bank needs to come up with a new form of money - a legal tender that excludes private currencies, as it doesn't act like a payment instrument.” GFF 2022 was organised and presented by the Department of Economic Affairs, Ministry of Finance, Government of India, Reserve Bank of India, International Financial Services Centres Authority (IFSCA), National Payments Council of India, the Payments Council of India (PCI) and the Fintech Convergence Council (FCC). It was held between September 20 and 22, 2022 at the Jio World Convention Centre in Mumbai. Pre-event festivities began virtually on September 19, 2022.

“Under the new architecture, tokenisation will enable both asset ownership and transfer of value to happen in real-time,” Mr. Mohanty added.

Talking about the role of new technologies, Mr. Mohanty added, “The new form of money will lead to massive disintermediation whereby the connectivity between the central banks of different nations will not just bring down the cost of cross-border transfers but will also enable one to seamlessly use his local UPI anywhere in the world.”

“We have successfully connected the UPI equivalent network of Singapore known as PayNow, with Thailand’s PromPay, to facilitate seamless cross-border transfers. We are now planning to connect to India by end of this year, and also in Malaysia, which will bring about a significant drop in the cost of cross-border transfers,” he added.

According to Mr. Mohanty, ‘wholesale CBDC’ will not just make cross-border transfers more efficient and cost-effective but will also address challenges pertaining to regulations, processes and compliances.

Elaborating on the new design of retail CBDC, Mr. Mohanty said, “The biggest debate for the central bank is how to deal with this new form of money, which will rest on the four-pronged architecture of – cryptography, ledger, consensus protocol and distribution. The uncertainty really is not around cryptos or smart contracts but around the validation protocol and therefore if we get that right it will transform the entire sector. This is now gradually changing with Ethereum’s transition to ‘proof of stake’.”

“Additionally, the new form of money instead of retail CBDC should be designed as ‘programmable money’ which can be programmed for specific use-cases just like in the case of Covid grants. The retail CBDC can be extremely efficient and cost-effective and can even avert the need of a UPI rail for money transfers. This space needs to be watched out for especially for low-value transfers,” he added.

GFF 2022 is being supported by the Unique Identification Authority of India (UIDAI), National Investment Promotion & Facilitation Agency (Invest India), Startup India, Reserve Bank Innovation Hub (RBIH) and ONDC. Special Partners of GFF 2022 are World Bank Group, United Nations Capital Development Fund, BIS Innovation Hub, KNOMAD, Better Than Cash Alliance and International Finance Corporation (IFC).

View source version on businesswire.com: 
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Contact

Anilkumar Yadav, Adfactors PR
anilkumar.yadav@adfactorspr.com

Vidhi Manek, Adfactors PR
vidhi.manek@adfactorspr.com

Source : Global Fintech Fest 2022

BEST'S MARKET SEGMENT REPORT: SOUTH AND SOUTHEAST ASIAN REINSURERS IMPROVE UNDERWRITING PERFORMANCE, BUT CHALLENGES REMAIN

SINGAPORE, Sept 20 (Bernama-BUSINESS WIRE) -- AM Best notes that reinsurance companies in South and Southeast Asia (S/SEA) posted an improved combined ratio in 2021, although underwriting performance remains pressured with a continued reliance on investments to achieve bottom-line profitability.

The new Best’s Market Segment Report, “Meeting Cost of Capital Elusive for South and Southeast Asian Reinsurers Despite Improved Underwriting Performance,” is part of AM Best’s month-long look at the global reinsurance industry ahead of Rendez-Vous de Septembre in Monte Carlo. According to the report, S/SEA reinsurers recorded an overall combined ratio of 108% in 2021, a five-percentage-point improvement from the recent high in 2019. Despite the improvement in technical performance, AM Best notes that overall return on equity declined to 3.4% in 2021 due to low investment yields amid a prolonged low interest rate environment in most S/SEA markets.

“Although investment returns are expected to increase over the near term alongside a recovery in interest rates, rising inflation in the region is likely to pose challenges in meeting the cost of capital prospectively,” said Kanika Thukral, senior financial analyst, AM Best.

AM Best still expects the segment to see stable growth, supported by the expansion of primary insurance markets with economic recovery and increased insurance penetration. Along with local and regional reinsurers, international reinsurance players have supported the development of S/SEA reinsurance markets as they consider the region to be to be instrumental to their growth and portfolio diversification strategies. In particular, international reinsurers remain crucial to supporting large property, engineering and marine risks.

The report notes that reinsurers in the region have approached 2022 renewals with a focus on achieving technical profitability, due to the expectations of a challenging investment landscape and an inflationary environment. Retrocession price hardening trend continued for loss-hit accounts; however, S/SEA reinsurers have not significantly amended their retrocession strategies and continue to rely on traditional forms of retrocession, despite increasing costs. Instead, market players have sought to focus on prudent exposure management while maintaining or moderately increasing retention levels in view of these retrocession conditions.

“Even with rate improvements in the past two renewal seasons, the pricing increases may not be enough to see significant improvement in technical profitability given expected increases in loss costs should higher inflation persist,” said Michael Dunckley, director, analytics, AM Best. “Reinsurers will need a prudent investment and retrocession strategy, along with continued underwriting discipline.” 

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