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Cybellum Receives Frost & Sullivan’s Competitive Strategy Award for its Innovative Product Security Solutions

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Cybellum’s strategic approach combines advanced technologies with expert services to ensure comprehensive protection and regulatory compliance for automotive OEMs and suppliers

SAN ANTONIO, Sept. 27, 2024 /PRNewswire/ — Frost & Sullivan researched the automotive cybersecurity managed services industry and based on its analysis recognizes Cybellum Technologies with the 2024 European Competitive Strategy Leadership Award. The company is a security platform developer that helps device manufacturers keep their connected products secure and compliant. Cybellum’s effective and robust automotive cybersecurity solutions mitigate cyberattack risks and build consumer trust, promoting the widespread adoption of next-generation, connected, and autonomous vehicle technologies. With a goal of creating a new standard for product security worldwide, the company exemplifies how to safeguard connected consumer products.

Cybellum partners with companies to build the best solution for every roadmap through a combination of technology, consulting and professional services. This trifold approach combines a robust security platform with expert-managed services and best practice guidance, which differentiates the company from its market competitors and charts its growth roadmap. The company’s collaboration with industry experts and regulatory bodies is instrumental in shaping its strategic direction.

On the customer side, Cybellum’s strategic and collaborative approach involves working closely with organizations to understand their product security maturity level and aligning solutions with their long-term objectives. This partnership model extends beyond the initial solution implementation, providing ongoing support and iterative improvements to maintain and enhance security postures in response to evolving threats and technological advancements, such as AI and new data sources for risk management. Moreover, customers gain leadership insights into managing product security instead of merely having vulnerabilities addressed, which highlights the importance of proactive approaches and lifecycle management. By leveraging these insights, Cybellum is well-positioned to provide tailored solutions that address each customer’s unique needs while advancing the broader goal of enhancing product security across industries.

Dorothy Amy, senior industry analyst at Frost & Sullivan, observed: “Cybellum’s Product Security Platform, as well as its CSMS Cockpit Solution streamlines cyber-assurance and incident response tasks for manufacturers, ensuring vehicles remain digitally secure and compliant with evolving regulations and vehicle type approval requirements. This solution swiftly identifies vulnerabilities, proactively monitors threats, and manages a comprehensive vehicle components database over their lifecycle, spanning approximately 20 years.”

The company taps into current growth opportunities by leveraging megatrends, such as generative AI and digital twin technologies, in its product portfolio to enhance security measures and bolster its technology leadership. Cybellum’s continuous innovation optimizes the customer ownership experience as it releases new products and versions regularly. Its strategic partnerships and comprehensive suite of services tailored to the automotive industry bolster the company’s growth potential and brand equity. These collaborations increase Cybellum’s credibility and access to new customers as well as validate its expertise and capabilities, enhancing its reputation as a leader in automotive cybersecurity solutions.

“Cybellum is leading the automotive cybersecurity solutions and managed services market due to its focused strategies, helping it to outpace competitors. The company combines advanced security platform with expert-managed services, differentiating it in the market and paving its roadmap. Overall, it develops and implements its strategies with its customers in mind, securing its position as a trusted partner and market leader,” added Samantha Fisher, Best Practices research analyst at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has demonstrated excellence in devising a strong growth strategy and robustly implementing it. The recipient has shown strength in terms of innovation in products and technologies, leadership in customer value, as well as speed in response to market needs. The award looks at the emerging market players in the industry and recognizes their best practices that are positioned for future growth excellence.

“We are honored to be recognized by Frost & Sullivan for our leadership in automotive cybersecurity solutions,” said Slava Bronfman, CEO and co-founder of Cybellum. “This award highlights our commitment to driving innovation and delivering proactive, robust defenses against evolving cyber threats. By partnering with automotive OEMs and suppliers, we ensure that their products remain secure and compliant in an increasingly complex regulatory landscape. This recognition validates our strategic approach, combining cutting-edge technology with expert services, to not only safeguard connected vehicles but also advance the industry toward a more secure future.”

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Camila Tinajero
P: +54911 6713 2748
E: Camila.Tinajero@frost.com

About Cybellum

Cybellum is where teams do product security. OEMs, suppliers and device manufacturers such as Jaguar Land Rover, Audi, Faurecia, Supermicro, Danaher, and Rolls Royce use Cybellum’s Product Security Platform and services to manage the main aspects of their cybersecurity operations across business units and lifecycle stages. From Software Bill of Materials (SBOM) to Vulnerability Management, Compliance Evidence Creation, and Incident Response, teams ensure their connected products are fundamentally secure and compliant – and stay that way. To learn more visit www.cybellum.com

Contact:

David Leichner
E: david@cybellum.com

 

SOURCE Frost & Sullivan

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BofA Unveils Virtual Payables Solution to Support the Booming B2B Market

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Product Allows Buyers to Make GBP or EUR Payments by Virtual Card to Suppliers That Prefer Bank Transfers

LONDON, Oct. 2, 2024 /PRNewswire/ — Bank of America, a global leader in commercial cards, has expanded its Virtual Payables capabilities in EMEA1 with the launch of Virtual Payables Direct. The business-to-business (B2B) payment solution provides buyers with the usual working capital advantages of a card transaction – such as extended payment terms – in addition to a new enhancement that allows suppliers to be paid via a direct bank transfer. This comes at a time when the global B2B payments market is growing rapidly and is projected to reach over US$2.4 trillion by 20312.

“Virtual Payables Direct offers our clients in EMEA greater flexibility as they can make card payments to any supplier in the region, regardless of whether the supplier typically accepts card payments,” said Chris Jameson, head of Product Management for Global Payments Solutions (GPS) EMEA. “The payments are made much earlier in the procurement cycle, thereby helping to improve important supplier relationships and allowing the buyer to take advantage of any prompt payment discounts.”

Watch video message from Chris Jameson.

A key advantage of Virtual Payables Direct is that it helps businesses manage working capital, one of the top priorities for corporate treasurers3 which has been brought to the fore over the past year. The solution provides greater flexibility for buyers as it allows for large, one-off or last-minute payments. Suppliers can also receive a fast payment through a bank transfer. These benefits allow all parties to manage their cashflow more effectively and enable greater operational efficiency.

Benefits of Virtual Payables Direct

Helps corporate treasurers and buyers optimise working capital.Provides greater flexibility for large or last-minute purchases.Eliminates the need for suppliers to perform a technical set-up to process card payments.Buying organisations enjoy extended payment terms as part of their card programme.Suppliers receive prompt payment through bank transfer.

“We’re pleased to expand payment options for our clients with this new capability,” said Duygu Tasdelen-Stavropoulos, Senior Product Manager – B2B and Payables, GPS EMEA. “Virtual Payables Direct will contribute to the considerable benefits of virtual card payments, such as streamlining and automating processes, and reducing payment acceptance complexity, risk and costs.”

The rollout of Virtual Payables Direct in EMEA1 will continue in 2025, with the addition of product enhancements and expansion to other regions.

Visit the bank’s website for more information about the bank’s Card and Comprehensive Payables solutions.

Bank of America
Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,800 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 58 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact:
Megan Pearson, Bank of America   
Phone: +44.20.7995.6977
megan.n.pearson@bofa.com 

1.

SEPA and the UK

2.

Straits Research, B2B Payments Market Size, Share and Forecast to 2031..

3.

The European Association of Corporate Treasurers (EACT), Journeys To Treasury 2023/24 Report.

 

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View original content:https://www.prnewswire.co.uk/news-releases/bofa-unveils-virtual-payables-solution-to-support-the-booming-b2b-market-302264714.html

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Total Economic Impact™ Study finds 401% ROI for Companies Using Trustpilot

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Findings follow 300 million review milestone, 19% YoY bookings growth (at constant currency) in the UK for trusted global platform

LONDON, Oct. 2, 2024 /PRNewswire/ — Trustpilot, the global independent review platform, today unveiled the findings of its 2024 Total Economic ImpactTM (TEI) study. The commissioned study conducted by Forrester Consulting on behalf of Trustpilot found that organisations that deployed Trustpilot received a 401% return on investment, generating a $959K net present value, or a total value of $1.2M

 

 

The TEI study demonstrated how investing in Trustpilot helped organisations leverage reviews, build brand equity and trust, and spur customer acquisition at scale. Forrester interviewed representatives from organisations using Trustpilot and surveyed 221 respondents across the UK, US, Italy, and Germany. The findings were combined into a composite profile of a global, industry-agnostic organisation with $200 million in annual revenue. The three-year, risk-adjusted present value (PV) quantified benefits include:

Trustpilot improved customer acquisition worth $1MTrustpilot improved operational efficiencies worth $189kTrustpilot helped increase traffic by 35% in year 3 (25% in year 1, 30% in year 2)

One of the Trustpilot customers interviewed, Adam Lindsey VP –  Global Operations at Groupon, said “The biggest risk of not working with Trustpilot is you don’t know what’s happening and you can have some rather viral type of comments that aren’t handled.”

The study revealed additional qualitative benefits of partnering with Trustpilot, including:

Enhanced brand awareness – Trustpilot provides organisations with highly valued third-party validation. In the Forrester survey of 221 professionals, 98% agreed that reviews and ratings helped their organisation improve brand reputation.Improved employee experience (EX) – Study found that positive reviews lifted morale in the workplace and helped create a supportive and positive culture.Richer insights into customer sentiment – Trustpilot enabled organisations to gather unique and extensive customer feedback they wouldn’t have been able to access otherwise, which helped them manage operations more effectively.Improved customer satisfaction – The platform allowed organisations to engage directly with customers and in a prompt manner. By enabling organisations to act quickly, Trustpilot helps build trust and loyalty that boosts customer satisfaction.

“Our team has always believed that connecting brands and consumers and advocating for transparency in the reviews process can help build trust and deliver business growth” said Alicia Skubick, Chief Customer Officer at Trustpilot. “We’re delighted that the Forrester study reinforces this and highlights both the qualitative and quantitative results our customers have experienced by including Trustpilot in their marketing, insight gathering, and customer acquisition efforts.”

Trustpilot’s TEI study follows the company’s most recent earnings report, revealing that bookings growth is up 19% globally, with exceptional performance in the UK, where bookings growth is up 19% at constant currency. The company also saw a 16% year-over-year growth in revenue at constant currency in the UK. Globally, the company recently achieved over 300 million reviews, including 53 million in 2023 alone.  

Find out more on how Trustpilot drove growth for its customers at: https://uk.business.trustpilot.com/calculate-roi 

About Trustpilot

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever – to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial – we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews on the platform and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing. We have more than 900 employees and we’re headquartered in Copenhagen, with operations in Amsterdam, Denver, Edinburgh, Hamburg, London, Melbourne, Milan and New York.

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View original content:https://www.prnewswire.co.uk/news-releases/total-economic-impact-study-finds-401-roi-for-companies-using-trustpilot-302264804.html

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TAL Education Group to Announce Second Quarter of Fiscal Year 2025 Financial Results on October 24, 2024

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BEIJING, Oct. 2, 2024 /PRNewswire/ — TAL Education Group (“TAL” or the “Company”) (NYSE: TAL), a smart learning solutions provider in China, today announced that it will release its unaudited financial results for the second quarter of fiscal year 2025 ended August 31, 2024, before the market opens on Thursday, October 24, 2024.

The Company will host a corresponding conference call and live webcast at 8:00 a.m. U.S. Eastern Time (8:00 p.m. Beijing Time) on Thursday, October 24, 2024.

Please note that you will need to pre-register for conference call participation at
https://register.vevent.com/register/BIb77ca114970c4bd1bfe7d1770af84eac.

Upon registration, you will receive an email containing participant dial-in numbers and unique Direct Event passcode. This information will allow you to gain immediate access to the call. Participants may pre-register at any time, including up to and after the call start time.

A live and archived webcast of the conference call will be available on the Investor Relations section of TAL’s website at https://ir.100tal.com/.

About TAL Education Group

TAL Education Group is a smart learning solutions provider in China. The acronym “TAL” stands for “Tomorrow Advancing Life”, which reflects our vision to promote top learning opportunities for students through both high-quality teaching and content, as well as leading edge application of technology in the education experience. TAL Education Group offers comprehensive learning solutions to students from all ages through diversified class formats. Our learning solutions mainly cover enrichment learnings programs and some academic subjects in and out of China. Our ADSs trade on the New York Stock Exchange under the symbol “TAL”.

For investor and media inquiries, please contact:

In China:

Jackson Ding
Investor Relations
TAL Education Group
Tel: +86 10 5292 6669-8809
Email: ir@tal.com

Piacente Financial Communications
Helen Wu
Tel: +86-10-6508-0677
Email: TAL@thepiacentegroup.com

In the United States:

Piacente Financial Communications
Brandi Piacente
Phone: +1-212-481-2050
Email: TAL@thepiacentegroup.com

 

View original content:https://www.prnewswire.com/news-releases/tal-education-group-to-announce-second-quarter-of-fiscal-year-2025-financial-results-on-october-24-2024-302264980.html

SOURCE TAL Education Group

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