DIRS.INFO The most relevant business & tech news

☆ White House to bolster cybersecurity training for K-12 schools, with help from the FCC, Amazon Web Services and more
▼ + stars: | 2023-08-08 | by ( Lauren Feiner | ) www.cnbc.com time to read: +3 min

On Tuesday, the White House convened school administrators, educators and companies to explore how best to protect schools and students' information from cyberattacks. At least eight K-12 school districts across the country experienced significant cyberattacks in the last academic year, the White House said, leading to disruptions in learning. The White House announced a series of actions from federal agencies and commitments from companies to help school districts secure their digital information. Amazon Web Services committed $20 million to fund a cyber grant program for school districts and state departments of education. It will also conduct free security reviews for U.S. education technology companies that provide "mission-critical applications" for K-12 schools.

Persons: Biden, Miguel Cardona, Cardona, Cloudflare, PowerSchool Organizations: White, Government, Office, White House, Federal Communications Commission, Universal Service Fund, Infrastructure Security Agency, Federal Bureau of Investigation, National Guard Bureau, CNBC, Web Services, Google Locations: cyberattacks, U.S

☆ Motorola forecasts upbeat revenue on robust security solutions demand
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: +2 min

Aug 3 (Reuters) - Motorola Solutions (MSI.N) on Thursday raised its full-year revenue and profit forecasts on robust demand for the telecommunications equipment provider's integrated security solutions. The Chicago-based company now expects full-year revenue in the range of $9.88 billion to $9.90 billion, compared with its previous expectations of $9.73 billion to $9.78 billion. Motorola projected third-quarter adjusted profit in the range of $2.99 to $3.04 per share, compared with estimates of $3 per share. Second-quarter adjusted net income attributable to Motorola solutions stood at $458 million, compared with $354 million a year ago. The U.S. government and home office of the United Kingdom are the largest customers of Motorola Solutions.

Persons: Greg Brown, Jaspreet Singh, Maju Samuel Organizations: Motorola Solutions, Motorola, Thomson Locations: Chicago, U.S, United Kingdom, Bengaluru

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

Persons: We'll, that's, Stanley Black, Decker, Emerson, Bausch, Leggett, Platt, SIRI, Ares, COLM, PERI, Kraft Heinz, Phillips, Ferrari N.V, Johnson, Robinson, COOK, BUD, Kellogg, Papa, Pitney Bowes, Parker, Trimble, Ziff Davis, Nonfarm, Jim Cramer's, Jim Cramer, Jim, Apple Tim Cook, Kevin Dietsch Organizations: Nasdaq, Dow, Federal Reserve, Federal, ISM Manufacturing, Services PMI, Investors, Caterpillar, Devices, Starbucks, Natural Resources, AMD, Management, Emerson Electric and, Humana, Bausch Health, Apple, Microsoft, Resource Partners, AerCap Holdings, CNA Financial Corp, CNA, Apellis Pharmaceuticals, Bank, SJW, Hutchison China MediTech, Camtek Ltd, Silvercrest Asset Management, Loews Corp, Oxford Lane Capital Corp, Banco Santander, Silicom Ltd, SuperCom Ltd, Arista Networks, Avis Budget Group, Diamondback Energy, Lattice Semiconductor Corp, Republic Services, Yum China Holdings, Western Digital Corp, Power Systems, Tenet Healthcare Corp, Vornado Realty, BioMarin Pharmaceutical, PetMed, SBA Communications Corporation, Brixmor, Snack Foods Corp, Cushman & Wakefield, Sanmina Corporation, TFI, PMI, Cruise Line Holdings Ltd, Uber Technologies, Pfizer, Enterprise Products Partners, Merck, JetBlue Airways Corporation, Allegro MicroSystems, Altria, SunPower Corp, SiriusXM Holdings, Molson Coors Beverage, Marriott International, Toyota Motor Corp, BP, SYSCO Corp, Marathon Petroleum Corp, Ares Management, Equitrans Midstream Corporation, Game Technology, Illinois Tool, IDEXX Laboratories, Rockwell Automation, Packaging International Corp, Gartner, Zebra Technologies Corp, IQVIA Holdings, Oshkosh Corporation, Leidos Holdings, Eaton Corp, yte Corp, Lear Corp, Starbucks Corp, Devon Energy Corp, SolarEdge Technologies, Lumen Technologies, Virgin Galactic Holdings, Caesars Entertainment, VF Corp, Sciences Corp, Paycom, Vertex Pharmaceuticals, Suncor Energy, Holdings, Chesapeake Energy Corp, Boston Properties, American International Group, AIG, Allstate Corp, Aspen Technology, Electronic Arts, EA, Flowserve Corporation, Denny's, Corp, Prudential Financial, Store, Ternium S.A, Vimeo, Emerson, Lomb, CVS Health, Generac Holdings, Cameco Corp, Perion Network Ltd, Builders, Carlyle Group, Scorpio, Teva Pharmaceutical Industries, Ltd, Rithm Capital Corp, AeroSystems Holdings, Vertiv Holdings Co, Johnson Controls, CDW Corp, DuPont, Brands Holdings, Scotts Miracle, Gro, SMG, Brands, Allegheny Technologies, AmerisourceBergen Corporation, ABC, Real Estate Corporation, Adient plc, Editas, Garmin Ltd, WWE, Bunge Ltd, Criteo S.A, PayPal, QUALCOMM, Occidental Petroleum Corp, Apache Corp, Albemarle Corp, MGM Resorts International, MGM, Marathon Oil Corp, Joby Aviation, Industrial, CF Industries Holdings, Goodyear Tire &, Realty ome Corp, Metlife, Pacific Biosciences of, Rush Street Interactive, Zillow, JFrog Ltd, Herbalife Nutrition Ltd, Simon Property Group, McKesson Corp, Storage, Cerus Corporation, GXO Logistics, MAX Holdings, Health, Anheuser, Busch InBev, Warner Bros ., Cheniere Energy, ConocoPhillips, Hasbro, CIGNA Corp, Lantheus Holdings, Regeneron Pharmaceuticals, Fiverr International, Air Products & Chemicals, TopBuild Corp, EPAM Systems, Lightspeed Commerce, Aurinia Pharmaceuticals, Cummins, CMI, Slair Corporation, Starwood Property Trust, Vulcan, Alnylam Pharmaceuticals, New Energy Corp, Cedar Fair Entertainment, Intellia Therapeutics, Lending, Privia Health, Dickinson, Chimera Investment, CIM, Hyatt Hotels Corp, Lion Electric, LEV, Deluxe Corp, Murphy Oil Corp, PBF Energy, Papa John's, Targa Resources Corp, Wix.com Ltd, Apollo Global Management, LLC, Butterfly, Sempra Energy, Aptiv PLC, Brookfield Infrastructure Partners, Canada Goose Holdings, Hannifin Corporation, WESCO International, WCC, Arrow Electronics, Constellation Energy Group, Midstream Partners, Coinbase, Petroleo Brasileiro SA Petrobras, Gilead Sciences, Opendoor Technologies, Booking Holdings, Atlassian Corporation, International, Redfin Corporation, Motorola Solutions, Monster Beverage Corporation, Consolidated Edison, Rocket Companies, Apple Hospitality, Cirrus, Resources, Universal Display Corporation, Chesapeake Utilities Corp, Social, Defense, Security Solutions, Post Holdings, Tandem Diabetes Care, Nikola Corporation, Magna International, Dominion Energy, ACM Research, Frontier Communications, Brookfield Renewable Partners, inTEST Corporation, American Pipeline, TELUS International, XPO Logistics, Fluor Corp, Gray Television, Cboe, LyondellBasell Industries, Twist Bioscience, Global, Jim Cramer's Charitable, CNBC, Allen & Company Sun Valley, Getty Locations: U.S, China, India, Oxford, Chile, Illinois, Columbia, Pacific, Pacific Biosciences of California, Southern, PBI, Gilead, Sun Valley , Idaho

☆ AI Voice Generators Are Fueling a Terrifying New Phone Scam
▼ + stars: | 2023-06-28 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +12 min

As soon as he heard his dad's voice, Eddie, a 19-year-old TikToker, knew something was up. But with AI, the voice on the other end of the phone can now sound eerily like the real deal. Plus, more people are making their real voice available to scammers: McAfee said 53% of adults shared their voice data online weekly. McAfee also found that over one-third of victims lost more than $1,000 in AI scams, with 7% losing more than $5,000. Then, the scammer can just type out whatever they want, and the AI voice will speak what is typed in real time.

Persons: Eddie Cumberbatch, Eddie, —, Eddie's, Eddie didn't, tricksters, scammers, McAfee, aren't, Richard Mendelstein, Stella, panicking, it's, Steve Grobman, Grobman, they've, Neil Gorsuch, Kamala Harris, Ally Armeson, cybercrime, Armeson, Eve Upton, Clark Organizations: Federal Trade Commission, People, FTC, McAfee, Google, Washington Post, Supreme, Cybercrime Support Locations: Chicago, Mexico City, Canadian

☆ CrowdStrike shares tumble as revenue shows signs of slowing
▼ + stars: | 2023-05-31 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

CrowdStrike reported first-quarter earnings results for its fiscal 2024 year Wednesday, beating consensus estimates on the top and bottom lines but sending shares down more than 11% after hours on slowing revenue growth. : 57 cents, adjusted, vs. 51 cents expected. Revenue: $692.6 million, vs. $676.4 million expected. CrowdStrike swung to a profit of $500,000, or breakeven per share, compared with a loss of $31.5 million, or 14 cents a share, a year ago. The company offered current quarter guidance of $717.2 million to $727.4 million, compared with a consensus range of $698 million to $742 million.

Persons: CrowdStrike, George Kurtz, Burt Podbere, Kurtz Organizations: Revenue, Nasdaq, Microsoft, U.S . Navy, National Security Agency, U.S . Department of Justice Locations: cybersecurity, China, U.S, Guam

Palo Alto Networks (PANW.O), the largest player in the space by market share and valuation, will kick off sector earnings on Tuesday with what analysts polled by Refinitiv estimate to be a near 24% increase in quarterly revenue. Reuters GraphicsVendors that are a one-stop shop for cybersecurity solutions help their clients analyze security data better as well as integrate a variety of applications, optimize costs and improve risk management. Top cybersecurity providers Palo Alto Networks, CrowdStrike Holdings (CRWD.O) and Fortinet Inc (FTNT.O), which offer a range of services including cloud and identity protection, are set to benefit from the consolidation trend, said D.A. CrowdStrike and ZScaler Inc (ZS.O) are expected to report revenue growth of 39% and 45% when they report earnings on May 31 and June 1, respectively. Palo Alto Networks, Fortinet lead cybersecurity stocks in the past yearReporting by Vansh Agarwal, Samrhitha Arunasalam and Akash Sriram in Bengaluru; Editing by Shinjini GanguliOur Standards: The Thomson Reuters Trust Principles.

☆ In a new hacking crime wave, much more personal data is being held hostage
▼ + stars: | 2023-05-07 | by ( Kevin Travers | ) www.cnbc.com time to read: +5 min

Gorodenkoff | iStock | Getty ImagesThe cybersecurity world faces new threats beyond targeted ransomware attacks, according to experts at the recent RSA cybersecurity industry conference in San Francisco. McMann said hackers are now focusing on stealing customer or employee data and then threatening to leak it publicly. At the end of March, OpenAI documented a data leak in an open-source data provider that made it possible to see personal AI chat histories, payment information, and addresses. The team patched the leak in hours, but McMann said once data is out there, hackers can use it. "For example, the LastPass breach saw one of four key individuals targeted on their personal computer, through a personal public IP address getting in through an unpatched solution," he said.

☆ Exclusive: $38 billion data and AI darling Databricks acquires security startup Okera
▼ + stars: | 2023-05-03 | by ( Stephanie Palazzolo | ) www.businessinsider.com time to read: +4 min

Data and AI company Databricks is acquiring data security startup Okera. Recently, customers have increasingly asked about data security when creating custom AI models. In 2015 and 2016, software engineer Nong Li spent a number of months at data and AI startup Databricks. Databricks plans to integrate Okera deeply in the company, specifically as part of its data and AI governance offering, Unity Catalog, Ghodsi said. Today, Unity Catalog is Databricks' number one priority as it looks to build the end-to-end platform for data, analytics, and AI, Ghodsi said.

☆ A.I. could serve as the next major catalyst for these cybersecurity stocks. Here’s why
▼ + stars: | 2023-04-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +7 min

While a major headache for customers and businesses alike, the emergence of sophisticated AI attacks could serve as a major boon for cloud companies operating in the cybersecurity space. For many years, cybersecurity cloud companies have harnessed AI and machine learning to stop attacks, monitor suspicious activity and protect businesses. .IXIC YTD mountain Nasdaq Composite so far this year As investors dip back into the technology sector, cybersecurity stocks across have risen across the board, with the First Trust NASDAQ Cybersecurity ETF (CIBR) up about 7.5% this year. Cybersecurity providers CrowdStrike and Palo Alto Networks are up 25.6% and 38.5%, respectively, year to date. "The basket of cloud and cybersecurity stocks offers something for everyone," Eyal said.

☆ Here are the top 10 stock analysts of the past decade, according to TipRanks
▼ + stars: | 2023-04-23 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +4 min

TipRanks' algorithms calculated the average return and statistical significance of each rating, as well as the analysts' overall success rate. To come up with this list, TipRanks analyzed every stock recommendation made by analysts in the past decade. TipRanks is celebrating a decade of simplifying investment decisions through its data-driven research tools: Here is a list of the 10 best analysts on Wall Street. Bolton's best rating in the past decade has been on ACM Research (NASDAQ:ACMR), a semiconductor equipment manufacturing company. These analysts generated significant returns from their recommendations in the past decade and have notable success rates.

☆ Leonardo, Siemens sign deal to create cybersecurity platform
▼ + stars: | 2023-04-06 | by ( ) www.reuters.com time to read: +1 min

[1/2] Leonardo CEO Alessandro Profumo speaks to reporters at the foreign press association in Rome, Italy, April 12, 2022. REUTERS/Guglielmo MangiapaneROME, April 6 (Reuters) - Leonardo (LDOF.MI) and Siemens (SIEGn.DE) on Thursday said they signed a memorandum of understanding to offer cybersecurity solutions for infrastructure in the energy, oil and gas and industrial sectors. "Leonardo and Siemens can create new synergies based on complementary technologies and skills," Leonardo CEO Alessandro Profumo said. Giuliano Busetto, the head of Siemens Digital Industries, said the goal was to help Italy in its digital transformation and create further value for the national industry. Reporting by Angelo Amante; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Top Morningstar strategist names a deeply discounted tech stock, in a sector poised for strong growth
▼ + stars: | 2023-02-27 | by ( Weizhen Tan | ) www.cnbc.com time to read: +2 min

Dave Sekera, chief U.S. market strategist for Morningstar, is bullish on one corner of tech that he says is set to experience "some of the strongest long-term secular growth." That's cybersecurity, he told CNBC's "Squawk Box Asia" on Thursday. "Between geopolitical risks, ransomware and hacking, this is just one area that's going to have a lot of secular growth," Sekera said. Sekera names one stock that he says is trading at about a 25% discount to Morningstar's fair value estimates: CrowdStrike . Analysts have struck a bullish tone on cybersecurity of late, arguing that it's one sector that's resilient even in a slowdown.

☆ How cybersecurity executives make the case for continued tech investments in a tough economy
▼ + stars: | 2023-02-23 | by ( Bob Violino | ) www.cnbc.com time to read: +5 min

Cybersecurity executives have enjoyed a nice run of receiving the financial resources they need to keep their organizations protected against attacks. But given the current economic uncertainty, many will likely need to rethink their approach to investments in tools and services. "Cybersecurity is not immune to economic pressures and uncertainty," said Daniel Soo, risk and financial advisory principal in cyber and strategic risk at Deloitte. When prioritizing security investments, security leaders should continue to invest in security controls and solutions that protect the organization's customer-facing and revenue-generating workloads, Maxim said. They should continue to defend any investments that support the organization's modernization efforts with cloud and its evolution to zero trust security, he said.

☆ World-first ideas unveiled at MWC 2023 by UK telecoms innovators
▼ + stars: | 2023-02-20 | by ( Sponsor Post | Created Insider Studios With The Uk'S Department For Business | ) www.businessinsider.com time to read: +7 min

At the upcoming Mobile World Congress event in Barcelona, collaboration and convergence will be priorities. MWC is a 'Digital World Congress' that will see more worldwide digital innovation from the UK and across the world." Attocore, recently awarded a grant for accelerating Radio Access Network (RAN) intelligence, sits alongside mobile giants Ericsson and Samsung in advancing the security of UK mobile networks. With 5G networks, an estimated £173 billion of incremental UK GDP will be added to the UK economy by 2030. MWC and scaling UK technologyMobile World Congress is also a great opportunity for big ideas to reach an even bigger audience.

☆ China's biggest air show opens under cloud of zero-COVID policy
▼ + stars: | 2022-11-08 | by ( Reuters Staff | ) www.reuters.com time to read: +4 min

BEIJING (Reuters) -A scaled-down version of China’s biggest air show opened on Tuesday, with some delegates unable to attend because of the country’s zero-COVID policy as virus case numbers there reached their highest level in six months. The show’s organisers did not immediately respond to a request for comment. The zero-COVID policy comes amid a broader decoupling from the West in the aerospace industry as China aims for increased self-reliance and watches the effects of strict export sanctions placed on Russia’s aviation industry because of that country’s invasion of Ukraine. China Southern did not immediately respond to a request for comment. China is also showing off a FH-97A “Loyal Wingman” drone model designed to coordinate with crewed aircraft, the Global Times reported.

☆ China stages historic air show under cloud of zero-COVID
▼ + stars: | 2022-11-08 | by ( Sophie Yu | Norihiko Shirouzu | ) www.reuters.com time to read: +5 min

China’s zero-COVID policy has hampered its domestic aviation industry and kept international traffic at a tiny fraction of pre-pandemic levels as Western carriers rebound sharply. Commercial Aircraft Corporation of China (COMAC) reported orders from leasing firms for 300 C919s and 30 ARJ21 regional jets. By contrast, the sun was setting in China on Tuesday on one of Europe’s most visible global symbols, the double-decker A380. Tracking website FlightRadar24 said China Southern Airlines operated its last A380 flight from Los Angeles on Tuesday. China is also showing off a FH-97A “Loyal Wingman” drone model designed to coordinate with crewed aircraft, the newspaper reported.

☆ Flexible working has benefits for employee well-being — but access to the right technology is crucial
▼ + stars: | 2022-11-08 | by ( Created Insider Studios With Hp | ) www.businessinsider.com time to read: +8 min

Research suggests that flexible work arrangements are a key driver of overall employee well-being. HP portfolio of products have key built-in features designed to accommodate the various facets of flexible work. A growing body of research suggests that flexible work arrangements provide a wide range of well-being benefits, and can help drive productivity and employee engagement. We all need to be camera-ready in the world of flexible work, and this webcam helps us put our best face forward. Find out more about how HP can support flexible working.

☆ Comac C919: Covid restrictions cloud airshow debut of China's showpiece jet
▼ + stars: | 2022-11-08 | by ( ) edition.cnn.com time to read: +5 min

China’s zero-Covid policy has hampered its domestic aviation industry and kept international traffic at a tiny fraction of pre-pandemic levels as Western carriers rebound sharply. Tuesday’s opening marked the first time Western plane giants Airbus and Boeing have shared the stage with China’s new COMAC C919 single-aisle jet at the showpiece event. Chinese J-20 stealth fighter jets at Airshow China, in Zhuhai, Guangdong province, on November 8. Commercial Aircraft Corporation of China (COMAC) reported orders from leasing firms for 300 C919s and 30 ARJ21 regional jets. Production of the world’s largest jetliner ended last year after weak sales including a near-failure to conquer China’s market.

☆ Here's how we chose the companies on CNBC's first-ever Top Startups for the Enterprise list
▼ + stars: | 2022-11-07 | by ( David Spiegel | ) www.cnbc.com time to read: +5 min

Over the course of CNBC's ongoing conversations with the members of the TEC, an idea for a new list emerged. It would be a list of enterprise-focused, technology-driven startups powering digital transformation, attracting strategic investments and potentially drawing acquisition interest. And so, we present this first annual list of Top Startups for the Enterprise , powered by the members of the CNBC Technology Executive Council. CNBC reached out to companies from that list of nominees that self-identified as "enterprise" or "B2B" and asked them to opt in to being considered for a new list of startups for the enterprise. In addition to those companies, TEC members were given the opportunity to nominate new companies for the list via an anonymous survey.

☆ These are the top 25 enterprise technology startups powering the economy
▼ + stars: | 2022-11-07 | by ( Cnbc.Com Staff | ) www.cnbc.com time to read: +1 min

CNBC's first-ever Top Startups for the Enterprise list highlights startups powering digital transformation, attracting strategic investments and potentially drawing acquisition interest. These are up-and-coming companies built by ambitious, creative, and innovative entrepreneurs who specifically set out to develop the latest technology in business intelligence, IT, cloud, big data, and cybersecurity as companies in all sectors of the economy allocate increasing levels of spending to technology. The 25 startups selected using a proprietary methodology have raised over $14 billion in venture capital, according to PitchBook, at an implied collective valuation of more than $147 billion. Most of the companies on the unranked list use a combination of AI, machine learning, and cloud computing as critical drivers of their business models, and more than a third of the companies provide cybersecurity solutions. Well-funded firms like these are in a particularly good position to meet the needs of large enterprises that are doubling down on emerging opportunities, despite the uncertain economic climate.

☆ What Cramer is watching Thursday — No Fed reset, Qualcomm rough guide, iPhone waits
▼ + stars: | 2022-11-03 | by ( Jim Cramer | ) www.cnbc.com time to read: +5 min

Short-term inventory "reset," meaning there's a chip glut that must be dealt with before the price-to-earnings multiple can be determined. Wall Street was looking for fiscal first-quarter (current quarter) revenue of $12 billion, but company guide was $9.2 billion to $10 billion. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. If Jim has talked about a stock on CNBC TV, he waits 72 hours after issuing the trade alert before executing the trade.

☆ Pelosi likely has the largest security detail of any lawmaker in Congress. Here's what we know about her and her husband Paul's protection.
▼ + stars: | 2022-10-28 | by ( Warren Rojas | ) www.businessinsider.com time to read: +5 min

Details about congressional security practices remain closely guarded after the January 6 attack. Keeping information about congressional security practices under wraps is apparently part of the Capitol Police's job, as critical details remain closely guarded. Similar media reports say that full-time congressional security details are limited to the speaker, House and Senate majority and minority leaders, and House and Senate whips. Last month she told The New York Times that she'd spent more than $120,000 on private security over the past year. Financial records filed by the Nancy Pelosi Victory Fund PAC show that the fundraising committee paid nearly $4,000 to private security firm Safehouse Security Solutions this spring.

☆ IBM salaries revealed: Engineers can earn nearly $200K. See how much analysts, managers, and others at the tech giant make.
▼ + stars: | 2022-10-27 | by ( Caroline Haskins | ) www.businessinsider.com time to read: +15 min

IBM is among the oldest and largest computer companies in the world and has more than 350,000 employees. These offers must be equal to what US employees earn making them a great guide to employee salaries at the company. When Insider analyzed IBM salary data in 2021, the highest offer was to an engineering program director, earning $335,000. A technical team lead, for instance, earned $57,500 in Monroe, LA, and as much as $114,500 in Parsippany, NJ. Insider has also compiled a database of salaries across other big tech companies like Google, Apple, Tesla, Amazon, and more.

Organizations: & & $, & $, & $

☆ Thoma Bravo to take software firm ForgeRock private in $2.3 bln deal
▼ + stars: | 2022-10-11 | by ( ) www.reuters.com time to read: +2 min

Oct 11 (Reuters) - ForgeRock (FORG.N) said on Tuesday it will be acquired by buyout firm Thoma Bravo in an all-cash deal valued at about $2.3 billion, just over a year after the digital identity management company went public. ForgeRock shareholders will receive $23.25 for each share held, which represents a premium of about 53.4% to the stock's last closing price. Register now for FREE unlimited access to Reuters.com RegisterShares of ForgeRock jumped 50% to $22.76 before the bell. San Francisco-based ForgeRock provides identity and access management solutions for consumers, workforce and internet of things devices. Register now for FREE unlimited access to Reuters.com RegisterReporting by Eva Mathews in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Search resuls for: "Security Solutions"

24 mentions found