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Former NCUA Chairman Rodney Hood Joins DefenseStorm Board of Directors

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Long an advocate for credit unions to protect their assets and members from cyber criminals by applying a risk management discipline, Hood values DefenseStorm’s unique built for banking approach to cyber risk management.

ALPHARETTA, Ga., May 23, 2024 /PRNewswire-PRWeb/ — DefenseStorm, the leading provider of cyber risk management solutions and co-managed services exclusively to financial institutions, is proud to announce that Rodney Hood joined its Board of Directors in May.

Credit unions must become proficient at cyber risk management, and I’m convinced DefenseStorm has the right technologies, processes and people to make that happen. It’s why I joined the Board at DefenseStorm.

Mr. Hood brings decades of banking experience to his new position with DefenseStorm. Most recently, in January 2019 he was appointed to the National Credit Union Administration (NCUA) Board, serving as Chairman until January 2021 and remaining on the Board until January 2024. In these roles, he provided regulatory oversight for over 4,600 credit unions with assets exceeding $2 trillion and more than 138 million member-owners. Throughout his tenure, he was a strong proponent of financial technology and inclusion, driving creation of the NCUA Office of Financial Technology & Access.

“Credit unions are evolving to meet the needs of their members and become more competitive, but those changes make them more vulnerable,” says Hood. “Bad actors are constantly trying to infiltrate credit unions. It’s why I created a Senior Advisor to the NCUA Board for cyber issues. It’s also why I joined the Board at DefenseStorm. Credit unions must become proficient at cyber risk management, and I’m convinced DefenseStorm has the right technologies, processes and people to make that happen.”

“I’m honored that Rodney chose to get involved with DefenseStorm and that he shares the same passion for our mission. Our goal is to build a community of trust so that we can grow and thrive together,” said Steve Soukup, chief executive officer at DefenseStorm, referring to its work with financial institutions. “Our cyber risk management solutions are purposefully “Built for Banking”, designed to meet all the demanding governance requirements and regulations that are unique to credit unions. It’s a true partnership, ensuring these institutions can effectively respond to the constantly evolving world of cyber threats and protect their assets, members, and reputations.”

About DefenseStorm

DefenseStorm provides an integrated platform of cyber risk assessment, governance, security, and fraud solutions that ensure financial institutions achieve and maintain cyber risk readiness. The only system specifically built for banking, it accounts for all the daunting challenges, regulations, and technology requirements financial institutions face. Their intelligent data engine, GRID ACTIVE, ensures real-time access, analysis, and action on all critical threat data. The Cyber Threat Surveillance Operations (CTS Ops) team provides access to managed resources 24x7x365, delivering the help and expertise needed by financial institutions. For more information visit: https://defensestorm.com/company/about-us/

About Rodney Hood

Mr. Hood was appointed to the National Credit Union Administration Board by President Donald J. Trump in January 2019 and served as its 11th Chairman until January 2021. He served as a member of the NCUA Board until January 2024. In these roles, he provided regulatory oversight for over 4,600 institutions with assets exceeding $2 trillion and representing the savings of over 138 million credit union member-owners. Additionally, Mr. Hood chaired the NeighborWorks America Board of Directors and served as Vice Chairman of the Federal Financial Institutions Examination Council. Prior to the NCUA, Mr. Hood spent nearly three decades in the private sector with management roles in financial services with organizations such as JPMorgan Chase, Wells Fargo, Bank of America and G.E. Capital. A Charlotte native, he is actively engaged in the local community. He also serves as an independent board director for Zest AI, Posh AI, and ModernFi.

Media Contact

David Cross, DefenseStorm, 1 404-723-0420, david.cross@defensestorm.com, DefenseStorm.com

View original content:https://www.prweb.com/releases/former-ncua-chairman-rodney-hood-joins-defensestorm-board-of-directors-302153881.html

SOURCE DefenseStorm

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Silicon Labs Announces First Quarter 2025 Earnings Webcast

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AUSTIN, Texas, April 22, 2025 /PRNewswire/ — Silicon Labs (NASDAQ: SLAB), the leading innovator in low-power wireless, today announced that it plans to release first quarter 2025 financial results on Tuesday, May 13, 2025. An earnings conference call will follow the release at 7:30 a.m. Central Time. The call will be streamed from the Investor Relations section of the company’s website at silabs.com.

A replay will be available after the call on the investor page of the company’s website at silabs.com. The replay will be available through June 12, 2025.

Silicon Labs

Silicon Labs (NASDAQ: SLAB) is the leading innovator in low-power connectivity, building embedded technology that connects devices and improves lives. Merging cutting-edge technology into the world’s most highly integrated SoCs, Silicon Labs provides device makers the solutions, support, and ecosystems needed to create advanced edge connectivity applications. Headquartered in Austin, Texas, Silicon Labs has operations in over 16 countries and is the trusted partner for innovative solutions in the smart home, industrial IoT, and smart cities markets. Learn more at silabs.com 

Note to editors: Silicon Labs, Silicon Laboratories, the “S” symbol, the Silicon Laboratories logo and the Silicon Labs logo are trademarks of Silicon Laboratories Inc. All other product names noted herein may be trademarks of their respective holders. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/silicon-labs-announces-first-quarter-2025-earnings-webcast-302434798.html

SOURCE Silicon Labs

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H.I.G. Capital Completes Merger of Converge Technology Solutions and Mainline Information Systems to Form “Pellera Technologies”

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SAN FRANCISCO, April 22, 2025 /CNW/ — H.I.G. Capital (“H.I.G.”), a leading global alternative investment firm with $69 billion of capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Converge Technology Solutions Corp. (“Converge”) (TSX: CTS) (FSE: 0ZB) (OTCQX: CTSDF). In connection with the closing, Converge will merge with Mainline Information Systems, LLC (“Mainline”), an existing H.I.G. portfolio company. The combined company has been rebranded as Pellera Technologies (“Pellera”), representing its distinctive position in the market as a premier technology partner.

Pellera stands at the forefront of delivering innovative IT solutions to enterprise and mid-market clients. The company’s deep technical expertise, strategic focus, and collaborative approach have enabled their customers to achieve impactful business outcomes through the power of technology. Pro forma for the combination, Pellera generated approximately $4 billion in revenue in 2024 and will provide unparallelled technology expertise to its customers in critical growth areas including cybersecurity, cloud, digital infrastructure, and AI.

Headquartered in Tallahassee, Florida, the new organization will be led by a dynamic and experienced leadership team with over a century of combined experience in the IT industry. Converge Chief Executive Officer Greg Berard will serve as CEO of Pellera, while Mainline President and CEO Jeff Dobbelaere will assume the role of President and Chief Operating Officer. This collaboration reflects the best of both organizations, ensuring the strength and capability of Pellera to achieve meaningful results.

Greg Berard, Chief Executive Officer of Pellera, said: “We’re combining the bold vision, unmatched talent, innovative solutions, and trusted partnerships of Mainline and Converge to deliver differentiated value and elevate the customer experience. With H.I.G.’s support, we’re accelerating investments in areas like AI, cybersecurity, hybrid cloud, app modernization, data, and managed services, with the goal of becoming the provider of choice for comprehensive technology solutions.”

Jeff Dobbelaere, President and Chief Operating Officer of Pellera, said: “We are thrilled to join forces as we enter the next phase in our growth journey. Together, we have stronger relationships with our industry-leading partners, unlocking greater access and broader solutions for our clients. The business is poised to create more growth opportunities for our employees and enhance the value we deliver as dedicated partners on our customers’ teams. We will continue to innovate, bring creative solutions, and generate an enduring transfer of expertise in every engagement.”

Aaron Tolson, Managing Director at H.I.G., added: “We are excited to integrate two trusted and complementary IT solutions partners to boost service offerings and accelerate growth in complex and strategic IT areas. The combined business offers enhanced IT solutions and services that will enable customers to continue reaching the next level. As part of the H.I.G. portfolio, Pellera is well-positioned to capitalize on emerging technology trends and expand its leadership within the IT market.”

H.I.G. was advised by Guggenheim Securities, LLC, J.P. Morgan Securities, LLC, Lazard Frères & Co. LLC, BMO Capital Markets, Stikeman Elliott LLP and Weil, Gotshal & Manges LLP. Houlihan Lokey Capital was engaged as financial advisor to the special committee of independent directors, and Origin Merchant Partners was engaged as an independent financial advisor and provided a fairness opinion to the special committee.

About Pellera Technologies

Pellera Technologies is where innovation powers progress. Through the combined expertise of Converge Technology Solutions and Mainline Information Systems, we deliver unparalleled IT solutions that drive momentum for enterprise clients worldwide. Our comprehensive suite of digital infrastructure, hybrid cloud, cybersecurity, and artificial intelligence solutions transforms challenges into opportunities and shapes a future where businesses can thrive. Guided by our AIM (Advise, Implement, Manage) methodology, we ensure solutions are tailored to your specific needs, aligning seamlessly with existing systems to drive success without complexity. At Pellera, we don’t just keep you moving forward, we help you scale without limits.

About H.I.G. Capital

H.I.G. is a leading global alternative investment firm with $69 billion of capital under management.* Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, and San Francisco in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value- added approach:

H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.H.I.G.’s debt funds invest in senior, unitranche, and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets.H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Based on total capital raised by H.I.G. Capital and affiliates.

Contact:

Aaron Tolson
Managing Director
atolson@hig.com

Arjun Mohan
Managing Director
amohan@hig.com 

Hamza Usmani
Managing Director
husmani@hig.com 

H.I.G. Capital
One Sansome Street
37th Floor
San Francisco, CA 94104
P: 415.439.5500
hig.com

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SOURCE H.I.G. Capital

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Lightspeed Voice CRO to Speak at Agent Brokers United 2025, Launches “Get Lucky” NOVA AI Promotion

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Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas.

VENICE, Fla., April 22, 2025 /PRNewswire-PRWeb/ — Lightspeed Voice, a leading provider of AI-powered VoIP solutions for insurance agencies, announces Chief Revenue Officer Joel Poythress’s featured presentation on AI innovation in the insurance sector at the 2025 Agent Brokers United (ABU) National Trade Show in Las Vegas. The event takes place April 25–26 at Planet Hollywood Hotel, with Poythress taking the main stage on Friday, April 26 at 12:35 PM PST.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

During his 15-minute presentation, Poythress will unveil how Lightspeed Voice’s award-winning AI platform, NOVA, is transforming efficiency across the insurance sector. Designed to enhance productivity and streamline communication, NOVA delivers call transcription, actionable summaries, and powerful sentiment analysis—fully integrated with agency-leading AMS and CRM systems.

“Insurance agencies are under increasing pressure to do more with less,” said Poythress. “NOVA was purpose-built to solve this challenge by saving time, reducing operational costs, and giving teams the insights they need to better serve clients.”

To celebrate its presence at ABU 2025, Lightspeed Voice is also launching its “Get Lucky with Lightspeed Voice” promotion, an exclusive giveaway for conference attendees. Visitors who stop by Booth #111 and have their badge scanned will receive a branded poker chip and a chance to win a free month of NOVA AI, valued at up to $100.

The “Get Lucky” promotion is open to both new and existing Lightspeed Voice customers:

New Customers must activate Lightspeed Voice VoIP service before redeeming their complimentary month of NOVA.Existing Customers can redeem immediately, with:Up to $100 credit for current NOVA users who add at least one new user.A $100 credit toward the first NOVA bill for those activating the service for the first time.

Attendees are encouraged to attend Joel’s session for a live walkthrough of NOVA’s capabilities and visit Booth #111 to see how they can “Get Lucky” and transform their communication workflows. Terms and conditions apply.

About Lightspeed Voice www.lightspeedvoice.com  

Lightspeed Voice is a leading AI-powered VoIP solutions provider, dedicated to delivering innovative technology and unparalleled service to businesses. Specializing in customer satisfaction, Lightspeed Voice continues to be a trusted partner for organizations seeking reliable and advanced communication solutions.   

Media Contact
Alexis Snowbarger, Lightspeed Voice, 1 9415643010, aschwien@lightspeedvoice.com, www.lightspeedvoice.com

View original content to download multimedia:https://www.prweb.com/releases/lightspeed-voice-cro-to-speak-at-agent-brokers-united-2025-launches-get-lucky-nova-ai-promotion-302434371.html

SOURCE Lightspeed Voice

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