Fortinet Surpasses 1 Million Network Security Expert (NSE) Certifications Issued

Fortinet Training Institute Furthers Global Mission to Expand Access to Cyber Training for Untapped Talent and to Advance Skills for Cyber Professionals

SUNNYVALE, Calif., Oct. 03, 2022 (GLOBE NEWSWIRE) —

John Maddison, EVP of Products and CMO at Fortinet
“Fortinet has a long history of working to close the cyber skills gap, and we are proud to share we recently hit a significant milestone by achieving more than 1 million Network Security Expert (NSE) certifications issued to date. Continued learning through training and certifications is a critical way to stay ahead of cyber adversaries who are constantly evolving their attack strategies and methods. This is why Fortinet’s Training Institute is dedicated to offering award-winning cyber training and certifications for security professionals to upskill and advance their knowledge or for those considering reskilling. At the same time, for organizations looking to build cyber awareness in their employees and strengthen their security posture, the Fortinet Training Institute offers its Security Awareness and Training service.”

News Summary
Fortinet® (NASDAQ: FTNT), a global leader in broad, integrated and automated cybersecurity solutions, today announced it has issued more than 1 million Network Security Expert (NSE) certifications to date, further advancing its commitment to close the cybersecurity skills gap. Adding to this milestone, Fortinet continues to expand the global impact of its training and certification programs with the addition of new courses in priority cybersecurity areas, new training partners, and by expanding access to cyber training to empower untapped talent. Fortinet also continues to help organizations build a cyber-aware workforce through its existing Security Awareness and Training Service and through a recent initiative tied to the 2022 White House National Cyber Workforce and Education Summit, by providing a tailored version of the service available for K-12 school districts in the United States free of charge.

Advancing Skill Sets in Cybersecurity Professionals to Keep Up with Threats
With more than 80% of breaches being attributed to a lack of cyber skills according to a global 2022 Fortinet report, the cybersecurity skills gap continues to be a top-of-mind concern for organizations. In an effort to help close the cyber skills gap, Fortinet – through its Training Advancement Agenda (TAA) and Fortinet Training Institute initiatives – is focused on upskilling security professionals to stay ahead of threats with the following efforts:

  • Validating Skills and Experience with NSE Certifications: As part of Fortinet’s progress to close the skills gap, the Fortinet Training Institute achieved the milestone of over 1 million NSE certifications issued to date. The eight-level training and certification program is designed to provide technical professionals with independent validation of their security and networking skills as well as work experience. Fortinet’s 2022 Global Skills Gap report revealed that 95% of leaders believe technology-focused certifications positively impact their role and their team, while 81% of leaders prefer to hire people with certifications. The Fortinet Training Institute aims to provide professionals the opportunity not only to gain skills to ward off cyber threats, but also career growth opportunities, as leaders value certifications. In addition, the NSE training curriculum is easily accessible to empower access to learning and is offered in instructor-led, virtual instructor-led, and free self-paced training formats.
  • Developing Courses in Key Cybersecurity Areas Across all Industries: The Fortinet Training Institute is continuously updating its training with content that is relevant and dynamic for the issues and challenges cyber professionals face today. For example, the OT Security curriculum, as part of NSE level 7, provides a solid understanding of how to design, implement and operate an OT security solution for critical infrastructures. Other topic areas where the Fortinet Training Institute has expanded its curriculum include Zero Trust Network Access and Secure SD-WAN, among others. Additionally, Fortinet offers low-cost labs to further advance skill sets for anyone taking technical, advanced or expert level training.
  • Leveraging Threat Intelligence from FortiGuard Labs in Curriculum: The Fortinet Training Institute curriculum is developed by Fortinet’s world-class trainers and curriculum developers with an in-depth knowledge of industry-leading technology and the evolving threat landscape. The training curriculum is augmented with threat intelligence from FortiGuard Labs, a global research team comprised of experienced threat hunters, researchers, analysts, engineers, and data scientists. In addition, the curriculum is designed to evolve based on the latest threat intelligence from FortiGuard Labs, ensuring that anyone taking training or pursuing certifications obtains the most relevant skills and knowledge.
  • Offering Opportunities for Professionals to Upskill Through Fortinet’s Global Authorized Training Centers: Fortinet Authorized Training Centers (ATCs) are a network of accredited training organizations in more than 130 countries and territories around the world, teaching in 26 different languages. ATCs deliver the Fortinet Training Institute’s cybersecurity training in local languages. New ATCs that have recently joined the program, extend the availability of Fortinet’s training to security professionals around the world, including: Exclusive Networks (USA), Wavelink (Australia), HRP (Hungary), and DACAS (The Caribbean).

Expanding Access to Cyber Training and Empowering Untapped Talent
Fortinet is increasing access to its cybersecurity training so that more people, regardless of their educational background, current career or life experience, can access cyber courses and help kickstart a career in cybersecurity. Fortinet is also empowering untapped talent pools, including women, students, veterans and more, to reskill or expand their skills for a career in cyber, helping to address the industry talent shortage. As part of this focus, Fortinet made a commitment in September of 2021 to train 1 million people in cybersecurity over 5 years between 2022-2026 and is on track to meet this through various initiatives, including:

  • Enhancing organizations’ cybersecurity awareness training for all employees with the Security Awareness and Training Service: Any company can easily deploy the Fortinet Training Institute’s Security Awareness and Training Service to further protect their security posture by advancing all their employees’ cyber skill sets and knowledge. This service introduced earlier this year is a SaaS-based offering that delivers timely awareness training on today’s cybersecurity threats. It helps IT, security, and compliance leaders build a cyber-aware culture where employees recognize and avoid falling victim to cyberattacks.
  • Offering a Free Security Awareness and Training Service for K-12 School Districts in the U.S.: Fortinet announced that it has made its Security Awareness and Training Service available to K-12 school districts across the United States free of cost, making the training available to approximately 8 million faculty and staff. Educational institutions have seen an increase in bring your own devices (BYOD) making schools and students more vulnerable to cyber threats due to the expanding attack surface and, thus, must ensure they are securing their critical digital assets and sensitive information. With the tailored service, school districts can implement training for staff and faculty to expand their cyber knowledge and skills, so they don’t fall victim to popular threat methods as part of the overall school cybersecurity strategies.
  • Expanding Academic Partner and Education Outreach Programs Partnerships: With more than 470 Authorized Academic Partners worldwide across more than 90 countries and territories, the Fortinet Training Institute continues to work with education institutions globally to help prepare the cyber workforce of the future. Among the new institutions worldwide that have joined the Academic Partner Program are: Universidad Panamericana (UP) in Mexico,Technological University of Queretaro (UTEQ) in Mexico, KLE Tech University in India, South Regional TAFE in Australia, Università of Tor Vergata of Roma in Italy, Cybersecurity Business School in France, UIB – Universitat de les Illes Balears in Spain, Polytechnic Institute of Guarda in Portugal, University West – Högskolan Väst in Sweden, South Texas College in the United States and more. As Authorized Academic Partners, these institutions are using Fortinet’s award-winning technical training in their classrooms and providing students with valuable industry certifications to add to their resumes upon graduation.

    Similarly, the Education Outreach Program is expanding Fortinet’s reach by partnering with additional organizations that represent traditionally underrepresented groups in the high-tech sector such as women, veterans, economically disadvantaged and more. New outreach partners include Cerco IT and National Economic Education Trust (NEET).

Supporting Quotes

“The number of skilled cybersecurity professionals is not growing fast enough to fill the nearly 3 million unfilled cybersecurity positions worldwide. To help solve this critical issue, I co-founded the Cybersecurity Business School in France, which is delivering two programs: a Bachelor of Cybersecurity Specialist and a Master of Cybersecurity Manager. A key part of our program is the Fortinet Training Institute’s Network Security Expert (NSE) training and certifications developed by industry experts, which we are leveraging to incorporate real-world teachings about critical security areas. Implementing Fortinet’s training in our classes and Fortinet security devices in our SOC, IT & OT simulation platform is allowing us to provide a robust curriculum to our students and to further develop the cybersecurity workforce of the future.”
Thomas Guilloux, Co-Founder and Technical & Industrial Director at the Cybersecurity Business School in France

“Polytechnic Institute of Guarda (IPG) is excited to partner with Fortinet as part of its Academic Partner Program. In a world amid digital transition, cybersecurity is a big issue today, and its global importance goes beyond impacting only IT teams. Therefore, for the teachers and researchers of the Polytechnic Institute of Guarda, having access to training from an industry-leading company like Fortinet is a very enriching experience. At the same, our students are acquiring know-how and certifications to work in an area with a huge shortage of qualified human resources directly from the current world leader in the area. As a result of this collaboration, Polytechnic Institute of Guarda will have a very relevant impact on the region and across the country in helping address the skills gap by preparing the future workforce. According to a report prepared by Fortinet in 2021, 80% of organizations that suffered cyberattacks attributed it to the lack of skills of their staff in the area of ​​cybersecurity. In Portugal, at the Polytechnic Institute of Guarda, the Fortinet Academy is contributing to making the country digitally safer.”
– Joaquim Brigas, President at the Polytechnic Institute of Guarda

“Today’s organizations need professionals knowledgeable on topics related to digital security so that, with the advancement of technology, they know how to mitigate the growing number of threats and vulnerabilities. We have the responsibility to prepare our students in Mexico to take on the task of preventing cyberattacks to protect important information and organizations. Our collaboration with Fortinet is a testament of this commitment. With this agreement, the Universidad Panamericana (UP) further provides high-level training in IT and reiterates its commitment to continue preparing its students for digital transformation in areas related to cybersecurity”.
Juan Carlos García, director of Digital Transformation at the Universidad Panamericana in Mexico

“To grant our candidates (ex-military or otherwise) access to the NSE training curriculum is a huge step forward in creating highly skilled IT professionals and enables us to further address the shortfall in the UK’s cybersecurity talent pool. We are thrilled to collaborate with the global leader in network security and are excited to be working with such a strong, internationally recognised training programme focused on closing the cyber skills gap.”
– Chris Barlow, MD of Cerco IT

“To address the skills gaps and provide training for skills that are in high demand, NEET has identified a need for training the unemployed youth in Forth Industrial Revolutions (4IR) skills and paying immediate attention to addressing cybersecurity skills gaps, which will be carried out by NEET 4IR Academy. Fortinet, as a global leader in broad, integrated and automated cybersecurity solutions, aligns quite perfectly as a strategic partner to help us achieve our organizational mission and vision in a manner that is both meaningful and impactful to our communities.”
– Thomas Sithole, Chairman at National Economic Education Trust (NEET)

Additional Resources

About Fortinet
Fortinet (NASDAQ: FTNT) makes possible a digital world that we can always trust through its mission to protect people, devices, and data everywhere. This is why the world’s largest enterprises, service providers, and government organizations choose Fortinet to securely accelerate their digital journey. The Fortinet Security Fabric platform delivers broad, integrated, and automated protections across the entire digital attack surface, securing critical devices, data, applications, and connections from the data center to the cloud to the home office. Ranking #1 in the most security appliances shipped worldwide, more than 595,000 customers trust Fortinet to protect their businesses. And the Fortinet NSE Training Institute, an initiative of Fortinet’s Training Advancement Agenda (TAA), provides one of the largest and broadest training programs in the industry to make cyber training and new career opportunities available to everyone. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

FTNT-O

Copyright © 2022 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:
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Fortinet, Inc. Fortinet, Inc. Fortinet, Inc.
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pr@fortinet.com psalkowski@fortinet.com analystrelations@fortinet.com

A video accompanying this announcement is available at: https://www.globenewswire.com/NewsRoom/AttachmentNg/446402a9-3c18-4c27-bc56-68455d6aa356

AM FRESH Group acquires a controlling interest of Fruit-X to spearhead varietal innovation and redefine the produce experience in Asia; The company will be rebranded FRESH FRUIT-X

MADRID, Spain, Oct. 03, 2022 (GLOBE NEWSWIRE) — AM FRESH Group, a leading global company in genetics, agri-tech and farming has acquired a majority stake in Asian-based Fruit-X to redefine the produce industry in Asia and deliver a go-to-market solution of consistently high-quality and innovative produce for the hundreds of millions of Asian consumers who seek exciting, healthy and sustainable fresh-food experiences. AM FRESH Group will rebrand Fruit-X into a new corporate identity, FRESH FRUIT-X, to reflect its welcoming to the AM FRESH Group.

FRESH FRUIT-X will leverage the best of both companies and provide best-in-class integrated solutions to South East Asian markets. AM FRESH, a significant player in the produce industry for over 90 years is committed to providing its unique expertise and robust vertically-integrated model spanning varietal innovation of patented table grape and citrus varieties, its ever-expanding nature-positive farming footprint of natural premium patented varieties across Europe, South Africa, North and South America, leading agri-tech capabilities and consumer and market intelligence as the backbone of the newly formed company. Fruit-X brings to the table an accomplished team of market experts, a booming customer base across Malaysia, Singapore, Indonesia, Myanmar, Vietnam, Philippines, Hong Kong and the Middle East and a seamless consumer-centric service experience thanks to its broad infrastructure network and service locations across Malaysia and Vietnam.

FRESH FRUIT-X will trail-blaze growth of premium quality produce categories and provide Asian retailers with a reliable global partner for access to premium patented varieties, an efficient supply chain model, a vast global network of growers, year-round quality consistency, decisive customer and market intelligence and sustainable practices and together create exciting experiences for consumers across South East Asia. As part of AM FRESH, FRESH FRUIT-X will create a seamless, insight-based integrated solution and end-to-end fresh foods model to serve over 500 million consumers across Asia.

Furthermore, FRESH FRUIT-X strengthens the partnership between AM FRESH and EVEREST, the Dutch international purchasing company to correspondingly expand its portfolio and retail base in Asia for both companies.

Jose Vottero states, “At Fruit-X, we have always highly valued our relationship with AM FRESH and are now proud to call ourselves FRESH FRUIT X. Our company objectives have been aligned in providing the most efficient supply of fresh fruit to the South East Asian market. Our independent strengths maintain a competitive edge by running strong local teams, which have an in-depth understanding of individually-marked needs and requirements, while being supported by an industry giant in regard to supply, innovation and technology. This fuels our motivation to work hard towards our common goal of adding value by providing effective solutions and quality improvement, while offering packaging options and maintaining an efficient supply chain. Moving forward, we will stay true to our main pillars of transparency, honesty and partnership, which have been and will be at the cornerstone of our continuous growth.”

AM FRESH consistently and continuously invests in cutting-edge R&D programs and proprietary technologies worldwide to deliver a significant point of difference through its extensive natural hybridization of table grapes and citrus, creating new and natural varieties in line with consumer demand for healthy, flavorful and sustainable food. FRESH FRUIT X will be an efficient and upgraded gateway to introduce exciting new varieties to Asian consumers.

Carlos Bonet of AM FRESH states, “We are extremely excited about this partnership in Asia. Following our close relationship with Fruit-X over the years, we are proud to say that we know each other well, we share the same principles and, more importantly our vision and strategy to grow in Asia – Pacific. This partnership unlocks a bright growth potential for FRESH FRUIT-X, the sort of growth that we seek, based on models which will bring transparency, trust, and excellence in service to our strategic partners. We are convinced that this is the right step forward.”

About AM Fresh Group

AM FRESH Group is a global leader focused on leading varietal innovation, agrotechnology and biotechnology, extensive agriculture and global marketing of citrus, table grapes, tropical products and superfoods, plant-based foods, apples and pears and flowers. AM FRESH is a family business with more than 90 years of experience, present in more than 60 countries and with more than 6,200 employees who are passionate and committed to innovation. AM FRESH operates with an integrated value chain model to serve major retailers around the world. For more information visit: www.amfresh.com

Media inquiries: Contact Andrew King, director of public relations, Bastion Amplify, andrewk@bastionagency.com.

WillScot Mobile Mini Holdings Completes Divestiture of Tank and Pump Business

PHOENIX, Oct. 03, 2022 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a North American leader in modular space and portable storage solutions, today announced it has completed the previously announced divestiture of its Tank and Pump segment to private equity firm Kinderhook Industries effective September 30, 2022. Proceeds from the sale, valued at approximately $323 million, will be used to support ongoing reinvestment in the Company’s core Modular and Storage operating segments and other capital allocation priorities.

BofA Securities acted as the financial adviser and Allen & Overy acted as legal adviser to WillScot Mobile Mini Holdings.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words “estimates,” “expects,” “anticipates,” “believes,” “forecasts,” “plans,” “intends,” “may,” “will,” “should,” “shall,” “outlook” and variations of these words and similar expressions identify forward-looking statements, which are generally not historical in nature. Certain of these forward-looking statements include statements relating value creation, the Company’s share price, and the Company’s future performance. Forward-looking statements are subject to a number of risks, uncertainties, assumptions and other important factors, many of which are outside our control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These risks include, without limitation, the risks and uncertainties described in the periodic reports we file with the SEC from time to time (including our Form 10-K for the year ended December 31, 2021), which are available through the SEC’s EDGAR system at www.sec.gov and on our website. Any forward-looking statement speaks only at the date on which it is made, and WillScot Mobile Mini disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

About WillScot Mobile Mini Holdings Corp.

WillScot Mobile Mini Holdings trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible mobile office, portable storage and workspace productivity solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of approximately 280 branch locations and additional drop lots throughout the United States, Canada, Mexico, and the United Kingdom.

Media Contact Information

Jessica Taylor

jetaylor@willscotmobilemini.com

Investor Contact Information

Nick Girardi

nick.girardi@willscotmobilemini.com

 

nCino Launches Enhanced Small Business Banking Solution at American Banker Conference

Community bank implements nCino to improve speed to funding for clients

WILMINGTON, N.C., Oct. 03, 2022 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced that PeoplesBank, an independent community bank based in York, Pennsylvania, is live on nCino’s Small Business Banking Solution. The $2.3 billion-asset PeoplesBank had previously deployed nCino’s Commercial Banking Solution, creating a single, cloud-based platform to meet the growing needs of the institution and its clients.

“nCino has enabled us to address the unique needs of our small business clients and create a specialized banking experience that supports their goals and growth,” said Amy Doll, Senior Vice President, Chief Commercial Banking & Lending Officer at PeoplesBank. “Our industry is rapidly changing and we’re very proud of our ability to better support small business owners in our community with premier technology offerings. Their success relies on being agile and able to scale and, with nCino, we now provide tailored experiences that evolve with our clients as their businesses grow.”

According to the Small Business Administration (SBA), small businesses make up more than 99 percent of businesses and create 65 percent of new jobs in the U.S. While institutions across the globe define small business banking in different ways, nCino has deepened its commitment to the small business industry with its enhanced Small Business Banking Solution that creates scale, alongside flexibility to match every definition of small business, from a 2-person coffee shop to a 300-person tech startup.

“PeoplesBank has done an extraordinary job of leveraging the nCino platform to provide exceptional service for their small business banking clients and help position them for long-term growth and success,” said Garrett Adams, General Manager of Small Business at nCino. “We offer our customers the opportunity to focus on meaningful work and build positive, profitable relationships with their clients, while their tech does the heavy lifting. We’re very excited to continue this journey with PeoplesBank and look forward to further enabling them to support their small business clients and the communities in which they live and work.”

PeoplesBank’s Amy Doll will be speaking alongside nCino’s Garrett Adams in a keynote session at The American Banker’s Small Business conference tomorrow, detailing the secrets to PeoplesBank’s small business success. PeoplesBank will also highlight one of their clients, Martin’s Snacks, to showcase their journey scaling production to become a prominent player in their industry. For more information, please visit the conference website to learn more about the session entitled: “Case Study: Strategy, Technology, Speed: PeoplesBank’s Secrets to Small Business Banking Success.”

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. The nCino Bank Operating System® empowers financial institutions with scalable technology to help them achieve revenue growth, greater efficiency, cost savings and regulatory compliance. In a digital-first world, nCino’s single cloud-based platform enhances the employee and client experience to enable financial institutions to more effectively onboard clients, make loans and manage the entire loan life cycle, and open deposit and other accounts across lines of business and channels. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,750 financial institutions of all types and sizes on a global basis. For more information, visit www.ncino.com.

About PeoplesBank
With assets in excess of $2.4 billion, PeoplesBank, A Codorus Valley Company, is a wholly-owned subsidiary of Codorus Valley Bancorp, Inc., the largest independent financial institution headquartered in York County, Pennsylvania. PeoplesBank offers a full range of consumer, business, wealth management, and mortgage services at financial centers located in communities throughout South Central Pennsylvania and Central Maryland. For more information, visit www.peoplesbanknet.com. (NASDAQ: CVLY)

Media Contacts
Ryan Kelly
+1 732.770.5942
ryan.kelly@ncino.com

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.

State Department official to speak at U.S.-Taiwan defense meet

A representative from the U.S. State Department’s Bureau of Political-Military Affairs will address an annual conference on defense industry cooperation between the United States and Taiwan for the first time this week.

 

Laura Cressey, director of the Office of Regional Security and Arms Transfers (RSAT) under the Bureau of Political-Military Affairs will speak at the closed-door conference, said Rupert Hammond-Chambers, president of the event’s organizer, the U.S.-Taiwan Business Council.

 

It will be the first speech at the U.S.-Taiwan Defense Industry Conference by a State Department official since 2011 and the first ever by a Bureau of Political-Military Affairs since the forum was launched in 2002, which Hammond-Chambers felt was quite significant.

 

“I think it’s a demonstration of how important they feel this issue is that they are here, and not just here in presence to listen, but also to come and talk about what they feel are important and to hear back from us about how we can help support what they want to do,” he said.

 

Joining Cressey among the speakers will be Jedidiah P. Royal, deputy director of the Defense Security Cooperation Agency (DSCA) under the Department of Defense.

 

Both the RSAT and DSCA directly handle arms sales to Taiwan, according to Hammond-Chambers.

 

The purpose of the conference is to provide a platform for the American defense industry to engage with the U.S. and Taiwan governments on security assistance between the two sides, he said.

 

The Richmond event is being attended by approximately 170 people, including senior business executives from U.S. and Taiwan industries, as well as representatives from the policy-making, national security, academic, and think-tank communities.

 

Taiwan’s delegation is being led by Vice Defense Minister Wang Shin-lung (王信龍). Taiwan’s main opposition Kuomintang (KMT) has also sent a delegation led by its head of international affairs, Alexander Huang (黃介正).

 

Both Wang and Huang are also scheduled to speak during the conference.

 

According to Hammond-Chambers, this year’s focus will be on China’s “overreaction” to U.S. House Speaker Nancy Pelosi’s visit to Taiwan in August.

 

“Our conference will spend some time assessing the threat early on to talk about where we think it is at this juncture,” he said.

 

The meeting will also focus on arms sales packages to Taiwan approved by the administration of President Joe Biden and on the future prospects for the proposed Taiwan Policy Act (TPA), he said.

 

The TPA includes provisions authorizing up to US$6.5 billion in grants from 2023 to 2027 to Taipei to purchase U.S. arms.

 

It cleared the Senate Foreign Relations Committee on Sept. 14 but still needs to be passed by both the Senate and the House of Representatives as well as receive approval from the White House before the end of the 117th Congress on Jan. 3, 2023, to become law.

 

Tensions over Taiwan between Washington and Beijing were heightened after Pelosi’s visit to Taiwan in early August, the first visit by a sitting U.S. House speaker to the country in 25 years.

 

Beijing showed its displeasure after Pelosi’s 19-hour-visit with several days of large-scale military drills in waters around Taiwan that went beyond previous military maneuvers aimed at sending a message to Taiwan and the U.S., such as flying fighter jets into Taiwan’s air defense identification zone (ADIZ).

 

 

 

 

 

Source: Focus Taiwan News Channel

TaiwanPlus English TV channel significant for Taiwan’s media landscape: President

The launch of the TaiwanPlus broadcast TV channel is a significant step in the development of Taiwan’s media landscape, adding to its diversity and international scope, President Tsai Ing-wen (蔡英文) said at the channel’s launch in Taipei on Monday.

 

The government-funded English-language public media service platform TaiwanPlus launched its brand-new domestic TV channel that day, providing news and programs 24 hours a day, seven days a week.

 

“Since its founding last August, TaiwanPlus has raised Taiwan’s international profile through its commitment to share Taiwan’s perspectives, amplify Taiwanese voices and tell Taiwan’s stories,” Tsai said at the ceremony held at Public Television Service (PTS).

 

It is important that Taiwan has a platform to present itself to the international community as more and more people around the world take an interest in Taiwan, Tsai noted, adding that TaiwanPlus also plays a key role in the country’s bilingual 2030 policy.

 

“We are working to boost Taiwan’s global competitiveness and the development of bilingual talent is a crucial part of this mission, improving our ability to communicate and engage with the international community will help the world see all that Taiwan has to offer,” Tsai said.

Minister of Culture Lee Yung-te (李永得) said the channel was long overdue because many countries already have their own English-language television channels.

 

Even though the TaiwanPlus TV channel is currently a domestic channel, officials are eyeing the possibility of broadcasting the channel on television in North America within six months, Lee said at the ceremony, which was also attended by Premier Su Tseng-chang (蘇貞昌).

 

TaiwanPlus Acting CEO Michael Yu (余佳璋) said since the platform was launched online on Aug. 30, 2021, it has produced over 4,000 news stories, more than 1,300 program videos, and attracted over 420,000 followers on social media from 163 countries.

 

The platform also showcases Taiwan’s unique culture and lifestyle, including food, travel, music and entertainment programming.

 

Originally operated by the Central News Agency, Taiwan’s Public Television Service took over operation of TaiwanPlus in June.

 

In focus during the press conference to promote the new channel were its news programs and Fabio & Andrew’s Outdoor Adventures.

 

In addition to the 24-hour TV channel, audiences can also view short features to full-length documentaries, as well as other TaiwanPlus content on its social media, APP, YouTube and webpage.

 

Source: Focus Taiwan News Channel

JOB SCAM/Minister touts efforts in bringing back scam victims from Cambodia

The government’s efforts to “rescue” Taiwanese nationals who were reportedly abused or trapped in job scam operations in Cambodia have yielded tangible results, Minister of the Interior Hsu Kuo-yung (徐國勇) said Monday.

 

Hsu said at a hearing of the Legislature’s Internal Administration Committee that a nationwide investigation was launched by the National Police Administration (NPA) on Aug. 11 to check up on 4,679 Taiwanese who had headed to Cambodia over the past year and not yet returned home.

 

As of Sept. 28, 310 of these people were confirmed as having being lured to engage in telecom fraud or forcibly being held by job scam operators in Cambodia, and 285 of them were brought back to Taiwan, Hsu said, citing NPA statistics.

 

Over the March-September period, 100 human trafficking cases were solved by police and 284 suspects arrested, including 70 gangsters, with 63 being taken into custody, he said.

 

Those results were achieved amid diverse initiatives the police have implemented, such as public awareness campaigns, rescues, and investigations, to crack down on cross-border human trafficking, he explained.

 

According to Hsu, the air travel passenger flow between Taiwan and Cambodia has been reversed after mid-August when the NPA beefed up efforts to clamp down on job scams.

 

From that time until the end of September, 1,584 people flew to Cambodia and 1,828 entered Taiwan from that country, a 30-percent fall and a 14.6-percent rise compared with July, respectively, he said.

 

The number of Taiwanese nationals who have fallen prey to human traffickers based mainly in Cambodia and Myanmar is also decreasing, from 52 in March, 129 in June, and 258 in July to 58 in August and 1 from Sept. 1-28, he said.

 

 

 

Source: Focus Taiwan News Channel

Taiwan shares end lower although short-selling rules tightened

Shares in Taiwan extended losses from a session earlier to fall by more than 120 points on Monday, although the Financial Supervisory Commission (FSC), the top financial regulator in the country, announced measures at the end of last week to tighten short-selling rules amid global volatility, dealers said.

 

As fears over a hawkish Federal Reserve in its rate hike cycle continued to push down U.S. markets on Friday, tech heavyweights in Taiwan remained in a vicious downtrend to lead the local main board to move lower, dealers added.

 

The Taiex, the weighted index on the Taiwan Stock Exchange (TWSE), ended down 124.10 points, or 0.92 percent, at 13,300.48 after moving between 13,273.48 and 13,440.23. Turnover totaled NT$167.77 billion (US$5.26 billion).

 

The market opened down 0.49 percent in the wake of a 1.71-percent fall on the Dow Jones Industrial Average and a 1.51-percent drop on the tech-heavy Nasdaq index on Friday that reflected growing concerns over aggressive rate hikes by the Fed, dealers said.

 

Selling continued with large-cap semiconductor stocks in focus to push down the Taiex to the day’s low in the early morning session before some bargain hunters emerged to vault the index past the previous closing level at one point after 10 a.m., dealers added.

 

However, investors again shifted to the sell side, especially in the afternoon session, to drag down the Taiex to negative territory, as the market’s weak performance continued into the end of the session, dealers added.

 

“Despite the FSC’s move to curb short selling, the local stock market still could not isolate itself from the heavy losses on the U.S. markets,” Cathay Futures Consultant analyst Tsai Ming-han said.

 

Tightened short selling rules

On Friday, the FSC announced that the volume of intraday security lending that can be used for the short selling of a stock had been cut to 20 percent of the stock’s average daily trading volume over the previous 30 trading sessions, down from 30 percent.

 

In addition, the FSC has also raised the required deposit for securities borrowing by an investor to 100 percent of a stock’s value from the previous 90 percent, a move which will raise costs for investors who want to short the market.

 

Compared with the FSC’s previous short-selling tightening measures, Friday’s announcement appeared mild, Tsai said, but the move signaled to those who wanted to short the market that “I am watching you” and “behave yourselves.”

 

“I expect more tightening to come if volatility continues,” Tsai said, referring to the previous tightening rules such as a ban on short selling when a stock closes lower in the previous session.

 

Tech stocks

The bellwether electronics sector served as a driver for the downturn on the broader market, falling 1.05 percent with the semiconductor sub-index down 1.10 percent, Tsai said.

 

“With foreign institutional investors moving more of their funds out of the country, liquid large-cap semiconductor stocks again fell victim to fund flight,” Tsai said.

 

Contract chipmaker Taiwan Semiconductor Manufacturing Co. (TSMC), the most heavily weighted stock in the local market, fell 1.18 percent to close at NT$417.00, and United Microelectronics Corp., a smaller contract chipmaker, fell 1.12 percent to end at NT$35.35.

 

Among other semiconductor stocks, ASE Technology Holding Co. dropped 3.75 percent to close at NT$77.10, dynamic random access memory chip supplier Nanya Technology Corp. fell 2.86 percent to end at NT$47.55, and application-specific IC (ASIC) designer Alchip Technologies Ltd. fell 1.15 percent to close at NT$857.00, while smartphone IC designer MediaTek Inc. appeared resilient, falling only 0.54 percent to end at NT$548.00.

 

Also in the electronics sector, iPhone assembler Hon Hai Precision Industry Co. fell 0.98 percent to close at NT$101.00, but Yageo Corp., the world’s third-largest multi-layer ceramic capacitor (MLCC) maker, bucked the downturn, rising by 4.46 percent to end at NT$281.00.

 

  • Apple adds 3 Taiwan manufacturers to supplier list

 

Financial, shipping firms

The financial sector fell by 1.55 percent as concerns ran deep that financial firms would see their asset value eroded by falling bond prices amid rising interest rates. In the sector, Cathay Financial Holding Co. decreased 2.38 percent to close at NT$39.00 and Fubon Financial Holding Co. fell 2.00 percent to end at NT$48.90.

 

Outperforming the Taiex, the transportation sector rose 2.08 percent as several foreign container cargo shippers such as Denmark-based Maersk reportedly have cut services in a bid to stop falling freight rates, dealers said.

 

Evergreen Marine Corp., the largest container shipper in Taiwan, increased 2.40 percent to close at NT$149.50, and rivals Yang Ming Marine Transport Corp. and Wan Hai Lines Ltd. rose 3.25 percent and 5.24 percent, respectively, to end at NT$63.50 and NT$70.30.

 

Buying also spread to bulk cargo shippers with Chinese Maritime Transport Ltd. up 2.29 percent to close at NT$33.45, and U-Ming Marine Transport Corp. up 2.33 percent to end at NT$37.35.

 

“It is hard to say where the Taiex will find its nearest technical support as long as the U.S. dollar continues to move up against the Taiwan dollar,” Tsai said. “I suggest investors stay on the sidelines for now.”

 

According to the TWSE, foreign institutional investors sold a net NT$9.37 billion worth of shares on the main board Monday.

 

 

 

Source: Focus Taiwan News Channel

Cellebrite Appoints Adv. Ayala Berler Shapira as General Counsel

PETAH TIKVA, Israel and TYSONS CORNER, Va., Oct. 03, 2022 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT), a global leader in Digital Intelligence (DI) solutions for the public and private sectors, today announced that Ayala Berler Shapira has been named General Counsel (GC) of the company.

As part of the company’s further growth Ayala Berler Shapira will strategically manage all legal aspects and will assume complete responsibility and lead the legal and compliance organization of Cellebrite. She will be a member of Cellebrite’s executive management team.

Ayala brings 27 years of experience in both global technology companies and in some of the leading law firms in Israel. Prior to joining Cellebrite, Ayala served as Deputy GC of Amdocs, where she led the global business and corporate legal domains, supported the company’s M&A activity, and served as Head of Compliance. Before that, she was the GC of Jungo, an Israeli software company operating in the telecommunication market.

Ayala holds a dual degree in Law and Business Administration (LL.B, B.A) from Tel-Aviv University and is a member of the Israeli and New York State Bar Associations.

Yossi Carmil, Chief Executive Officer of Cellebrite, comments: “We are thrilled to have Ayala join the Cellebrite family and management team. As Cellebrite continues to develop, the GC’s role is expanding, and is becoming increasingly significant for executing the company’s strategy and growth plans. I am confident that Ayala will serve as a great business partner, and that under her leadership, the legal and compliance teams will fiercely continue developing our infrastructure to support Cellebrite’s strategy and business goals in a constantly evolving regulatory environment.”

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on Twitter at @Cellebrite.

Cellebrite Media
Victor Cooper
Public Relations and Corporate Communications Director
Victor.Cooper@cellebrite.com
+1 404.804.5910

EMGA เสร็จสิ้นการเพิ่มทุน 9.4 ล้านยูโรสำหรับมูลนิธิ Kashf ด้วยเงินทุนจาก BIO

ลอนดอน, Oct. 03, 2022 (GLOBE NEWSWIRE) — แหล่งเงินทุนจำนวน 9.4 ล้านยูโรสำหรับมูลนิธิ Kashf ได้ถูกจัดตั้งขึ้น กำหนดโครงสร้าง และเจรจาโดย Emerging Markets Global Advisory LLP (EMGA) ซึ่งเป็นธนาคารเพื่อการลงทุนในตลาดเกิดใหม่

เมื่อกล่าวถึงการทำธุรกรรมครั้งนี้นาย Shahzad Iqbal ซีเอฟโอของมูลนิธิ Kashf ได้กล่าวว่า “มูลนิธิ Kashf จดทะเบียนเป็นบริษัทการเงินรายย่อยที่ไม่ใช่ธนาคาร ซึ่งควบคุมโดยสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์แห่งปากีสถาน โดยก่อตั้งขึ้นในปี 1996 ในฐานะสถาบันไมโครไฟแนนซ์เฉพาะทางแห่งแรกของปากีสถาน โดยเริ่มดำเนินการในฐานะผู้จำลองแบบ Grameen และตั้งแต่นั้นเป็นต้นมา Kashf ก็ประสบความสำเร็จในตลาดเฉพาะกลุ่มที่มีความพิเศษของตนเองในภาคการเงินรายย่อยในปากีสถาน โดยนำเสนอชุดผลิตภัณฑ์และบริการที่เป็นนวัตกรรมและปฏิรูปเพื่อครัวเรือนที่มีรายได้น้อยโดยเฉพาะผู้หญิง ขณะนี้มีผู้กู้ที่เป็นผู้หญิงมากกว่า 600,00+ รายทั่วทั้ง 360+ สาขาด้วย GLP 90+ ล้านเหรียญสหรัฐ”

“อยากจะแบ่งปันว่าผมรู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมงานกับ EMGA ในการทำธุรกรรมใหม่ ๆ เพื่อประชาสัมพันธ์และขยายเครือข่ายของเรา นี่เป็นธุรกรรมครั้งแรกที่เราทำกับ BIO และเป็นสกุลเงินยูโรด้วย ผมเชื่อว่า BIO และ Kashf จะทำร่วมงานกันเพื่อสร้างความสัมพันธ์ที่แน่นแฟ้นเพื่อส่งเสริมการไม่แบ่งแยกทางการเงินในปากีสถาน และโดยเฉพาะอย่างยิ่งสำหรับผู้หญิง ธุรกรรมนี้จะช่วยให้มูลนิธิ Kashf สามารถขยายการประชาสัมพันธ์ได้ ไม่เพียงแค่ในพื้นที่ที่ดำเนินงานอยู่แล้ว แต่ยังรวมไปถึงภูมิภาคใหม่ทั่วทั้งปากีสถานด้วย”

Sajeev Chakkalakal กรรมการผู้จัดการของ Emerging Markets Global Advisory LLP (EMGA) และหัวหน้าฝ่ายวาณิชธนกิจกล่าวว่า “รู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมเป็นพันธมิตรระยะยาวกับมูลนิธิ Kashf และส่งมอบโซลูชันทางการเงินรูปแบบใหม่นี้ ถึงแม้สภาพแวดล้อมทางเศรษฐกิจจะมีความผันผวนทั้งภายในปากีสถานและทั่วโลก” Jeremy Dobson กรรมการผู้จัดการของ Emerging Markets Global Advisory Limited (EMGA) ยังให้ความเห็นเกี่ยวกับธุรกรรมดังกล่าวว่า “รู้สึกยินดีเป็นอย่างยิ่งที่ได้ร่วมงานกับมูลนิธิ Kashf อีกครั้งในการทำธุรกรรมครั้งล่าสุดนี้ และช่วยสนับสนุนฐานลูกค้าผู้ประกอบการรายย่อยที่เป็นผู้หญิง”

Frédéric Vereecke เจ้าหน้าที่การลงทุนจาก Belgian Investment Company for Developing countries (BIO) ให้ความเห็นว่า “เรายินดีอย่างยิ่งที่มีโอกาสสนับสนุน Kashf Foundation ในการเสริมสร้างพลังอำนาจแก่สตรีและครอบครัวด้วยการให้บริการทางการเงินที่มีคุณภาพแก่ครัวเรือนที่มีรายได้น้อยในปากีสถาน”

มูลนิธิ Kashf จดทะเบียนเป็นบริษัทการเงินรายย่อยที่ไม่ใช่ธนาคาร ซึ่งควบคุมดูแลโดยสำนักงานคณะกรรมการกำกับหลักทรัพย์และตลาดหลักทรัพย์แห่งปากีสถาน โดยก่อตั้งขึ้นในปี 1996 ในฐานะสถาบันการเงินรายย่อยเฉพาะทางแห่งแรกของปากีสถาน ซึ่งเริ่มดำเนินการโดยมีต้นแบบมาจาก Grameen และนับตั้งแต่นั้นเป็นต้นมา Kashf ก็ได้ประสบความสำเร็จในตลาดเฉพาะกลุ่มที่มีความพิเศษของตนเองในภาคการเงินรายย่อยในปากีสถาน โดยนำเสนอชุดผลิตภัณฑ์และบริการที่เป็นนวัตกรรมและปฏิรูปเพื่อครัวเรือนที่มีรายได้น้อยโดยเฉพาะผู้หญิง

Belgian Investment Company for Developing countries (BIO) สนับสนุนภาคเอกชนที่เข้มแข็งในประเทศกำลังพัฒนาและประเทศเกิดใหม่ เพื่อให้สามารถเข้าถึงการเติบโตและการพัฒนาอย่างยั่งยืนภายใต้กรอบเป้าหมายการพัฒนาอย่างยั่งยืน บริษัทประสบผลสำเร็จจากการลงทุนในวิสาหกิจขนาดกลางและขนาดย่อม สถาบันการเงิน และโครงการโครงสร้างพื้นฐาน ซึ่งมีส่วนสนับสนุนการเติบโตทางเศรษฐกิจและสังคมในประเทศกำลังพัฒนา

Emerging Markets Global Advisory Limited (EMGA) ซึ่งมีสำนักงานในนิวยอร์กและลอนดอน ให้บริการช่วยเหลือสถาบันทางการเงินและบริษัทต่าง ๆ ที่ต้องการระดมทุนในรูปแบบตราสารหนี้หรือตราสารทุน EMGA ให้บริการแก่ลูกค้าภายในหลายประเทศที่มีเศรษฐกิจกำลังพัฒนาอย่างรวดเร็ว รวมถึงปากีสถาน ด้วยผลงานอันเป็นที่ประจักษ์ด้านการจัดหาเงินทุนและการให้คำปรึกษาเชิงกลยุทธ์ในวัฏจักรเศรษฐกิจที่หลากหลาย EMGA ยังคงขยายการดำเนินงานและเสนอบริการออกไปอย่างต่อเนื่อง เพื่อสร้างจุดยืนที่มั่นคงในตลาดในฐานะธนาคารเพื่อการลงทุนที่เน้นตลาดเกิดใหม่สำหรับอุตสาหกรรมที่โดดเด่น

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