Technology

Red Canary Reports Strong Q2 FY25 Driven by Major Product Advancements and Rapid Enterprise Segment Growth

Published

12 hours ago

October 2, 2024

New business bookings up 48% year-over-year, driving one of the company’s strongest quarters to date

DENVER, Oct. 2, 2024 /PRNewswire/ — Red Canary, a leader in managed detection and response (MDR), announced strong Q2 FY25 results, with new business bookings up 48% year-over-year led by enterprise segment new business bookings increasing 86% year-over-year. This growth reflects strong demand from large organizations for Red Canary’s products, which are built on over a decade of industry leadership in detection engineering and intelligence-led security operations. Customers realize value within minutes of deployment because security best practices are baked in, not bolted on.

As the need for protection against identity and cloud-native attacks grows, both new and existing customers are choosing Red Canary to help them reduce their exposure, quickly find and stop threats, and lower their risk. While identity compromise has always been a significant threat, recent data from Red Canary’s latest threat detection research shows that it is becoming even more common, with adversaries increasingly targeting user identities as a weak spot.

“We’re seeing great momentum, and it’s because we focus on what truly matters—helping our customers make their greatest impact without being disrupted by cyber attacks,” said Brian Beyer, CEO of Red Canary. “As identity attacks increase and the threat landscape becomes more complex, security teams need to detect and respond to emerging threats across domains with high quality and accuracy, and at scale. What makes us world-class in the MDR market is we do all of this consistently and efficiently, and our results speak for themselves.”

Product innovations in Q2 FY25:

Expanded identity detection capabilities through deeper integrations with Microsoft Entra ID and Okta, enabling high-accuracy threat detection by pulling more contextual data to better understand user and organizational behaviors, reducing noise, and effectively identifying complex identity-based threats.Significantly enhanced overall security operations efficiency by introducing powerful AI-driven features, such as alert summarization and flow agents, enabling security teams to achieve faster, more precise threat analysis and create streamlined response workflows – proving highly effective for strengthening defenses against identity and cloud-based attacks.Unveiled several new strategic reports for security leaders, providing customers with clearer insights into detected threats, benchmarking their organization’s security posture against industry trends, and leveraging fresh response and intelligence metrics.Developed 180+ new and improved behavioral analytics, based on the latest threat intelligence across endpoint, cloud, and identity to enhance detection capabilities.Extended our partnership with Palo Alto Networks, to deliver Managed Security Services for Cortex® XSIAM, an AI-driven security operations platform and services that help stop breaches through new expert-led managed services.

Key company milestones in Q2 FY25:

Compiled a major midyear update to the 2024 Threat Detection Report, offering comprehensive insights and analysis on the top trending threats and techniques from the past six months to help organizations stay ahead of emerging threats.Published popular monthly threat intelligence research, highlighting the rise of macOS attacks, including Atomic Stealer—an information stealer targeting macOS that extracts data from web browsers and local files.Continued sold-out roadshow and security community events, including Red Canary Live and CISO Forums, engaging hundreds of CISOs and security practitioners across the U.S. to foster collaboration and share cybersecurity insights.Earned customer recognition with three badges in G2’s Summer 2024 report, including Fastest Implementation in MDR.Maintained an industry-leading average Customer Satisfaction (CSAT) rating of approximately 99%, demonstrating unwavering dedication to customer excellence.

This quarter, Red Canary’s commitment to providing best-in-class security solutions is evident through its customer-validated 99% threat detection accuracy. Powered by innovations in cloud security, threat intelligence, and advanced detection and response, Red Canary helps organizations stay ahead of emerging threats and continues to deliver measurable results.

Additional resources:

Product innovations: For the latest on new releases from Red Canary, visit our “What’s New” page.Pricing and packaging: To learn more about new pricing and packaging options, visit our “Pricing” page.Webinar: Register and join our webinar unveiling the latest findings from our midyear update to the Threat Detection Report, on Thursday, October 10 at 2:00 pm ET.

About Red Canary
Red Canary is a leader in managed detection and response (MDR). We serve companies of every size and industry, focusing on finding and stopping threats before they can have a negative impact. As the cornerstone security operations partner for nearly 1,000 organizations, we provide MDR with industry-leading threat accuracy and a world-class customer experience across identities, endpoints, and cloud. For more information about Red Canary, visit: https://redcanary.com/.

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SOURCE Red Canary

Technology

Experience the Innovation: MyCONECT Launches at Nostalgia Hotel, Singapore

Published

16 mins ago

October 3, 2024

Nostalgia Hotel Enhances Guest Experience with MyCONECT App, Streamlining Services and Cutting Check-In Times by 70%.

SINGAPORE, Oct. 2, 2024 /PRNewswire-PRWeb/ — MyCONECT.biz, a pioneering provider of platform solutions for the hospitality industry, is thrilled to announce the successful onboarding of their first customer in Singapore: Nostalgia Hotel. This partnership highlights MyCONECT’s commitment to enhancing guest services through a unique digital ecosystem, specifically tailored to optimize business operations and elevate the guest experience.

Nostalgia Hotel, known for its charm and exceptional service, is now adopting MyCONECT’s innovative suite of applications, including the Guest App and Staff Apps. These tools enable the hotel to streamline various services, from room make-up requests to self-check-in/check-out with E-Visitor Authentication (EVA), ensuring a seamless and delightful stay for their guests. With the integration of EVA, the manual process of checking guests’ passports for stay validity will be automated and the check-in time is expected to be reduced by up to 70%. This will in turn free up the front office staff so they can spend more time engaging guests. In addition, the system will eliminate the large amounts of paperwork previously required from the front office staff and enhance productivity and efficiency.

The app’s intuitive interface and user-friendly features have been well-received by Nostalgia Hotel guests. “The MyCONECT app has been a game-changer for our guests,” remarked Colleen Chan, General Manager of Nostalgia Hotel. “It has streamlined the check-in process, reduced front desk inquiries, and enhanced overall guest satisfaction.”

James Kim, Founder of MyCONECT.biz, shared his vision for the partnership: “Nostalgia Hotel is the perfect launch partner for MyCONECT in Singapore. Our platform is designed to create a cohesive and personalized digital ecosystem for hotels, and seeing it come to life at a property like Nostalgia is incredibly rewarding. We look forward to transforming guest services, and launching more solutions across the region.”

For guests at Nostalgia Hotel, the MyCONECT app is a new digital tool designed to streamline guest services and enhance their overall stay experience. With features like on-demand room servicing, E-Visitor Authentication for self-check-in/check-out, and real-time service requests, the app ensures convenience is just a scan away. Guests can simply download MyCONECT by scanning a QR code available across the hotel or by searching for “MyCONECT” in their app store, signing up, and enjoying a smoother, more personalized stay.

The implementation of MyCONECT at Nostalgia Hotel allows guests to effortlessly connect to services such as advance booking, self-check-in and check-out, and real-time service requests, making their stay more comfortable and enjoyable. MyCONECT not only provides these conveniences but also offers other customizable solutions like digital keys, staff communication, two-way PMS integration, and smart valet solutions, further enhancing the guest experience and operational efficiency.

MyCONECT has also signed contracts with J Suites International and Hotel Ciputra Jakarta and plans to develop a PMS interface to showcase to hotel guests soon.

For more information about MyCONECT and their innovative solutions, visit http://www.myconect.biz.

Media Contact

Aishwarya Selvan, MyConect Co., Ltd., +821098015563, aishwarya.selvan@myconect.biz, https://www.myconect.biz/

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SOURCE MyConect Co., Ltd.

Technology

TOTAL PLAY ISSUES $2,500 MILLION PESOS OF SECURED CERTIFICADOS BURSATILES

Published

16 mins ago

October 3, 2024

MEXICO CITY, Oct. 2, 2024 /PRNewswire/ — Total Play Telecomunicaciones, S.A.P.I. de C.V. (“Total Play”), a leading telecommunications company in Mexico, which offers internet access, pay television and telephony services, through one of the largest 100% fiber optic networks in the country, announced today it successfully issued Secured Certificados Bursátiles for $ 2,500 million pesos, at three years and at a rate of TIIE + 300 basis points. The proceeds will be used to strengthen the company’s working capital.

The issuance represents a vote of confidence from the financial community in the growing cash generation of Total Play, the company’s financial strength and the favorable business prospects.

About Total Play

Total Play is a leading Triple Play provider in Mexico that, thanks to the widest direct-to-home fiber optic network in the country, offers entertainment and technologically advanced services with the highest quality and speed in the market. For the latest news and updates about Total Play, visit: www.totalplay.com.mx.

Total Play is a Grupo Salinas company (www.gruposalinas.com), a group of dynamic, fast-growing, and technologically advanced companies focused on creating economic value through market innovation and goods and services that improve standards of living; social value to improve community well-being; and environmental value by reducing the negative impact of its business activities. Created by Mexican entrepreneur Ricardo B. Salinas (www.ricardosalinas.com), Grupo Salinas operates as a management development and decision forum for the top leaders of member companies. Each of the Grupo Salinas companies operates independently, with its own management, board of directors, and shareholders. Grupo Salinas has no equity holdings. The group of companies shares a common vision, values, and strategies for achieving rapid growth, superior results, and world-class performance.

Except for historical information, the matters discussed in this press release are concepts about the future that involve risks and uncertainty that may cause actual results to differ materially from those projected. Other risks that may affect Total Play and its subsidiaries are presented in documents sent to the securities authorities.

Investor Relations:

Bruno Rangel

Rolando Villarreal

+ 52 (55) 1720 9167

jrangelk@totalplay.com.mx

rvillarreal@totalplay.com.mx

Press Relations:

Luciano Pascoe

Tel. +52 (55) 1720 1313 ext. 36553

lpascoe@gruposalinas.com.mx

View original content:https://www.prnewswire.com/news-releases/total-play-issues-2-500-million-pesos-of-secured-certificados-bursatiles-302266238.html

SOURCE Total Play Telecomunicaciones, S.A.P.I. de C.V.

Technology

Payment Asia to Support Digital Transformation in Hong Kong’s F&B Industry

Published

16 mins ago

October 3, 2024

HONG KONG, Oct. 3, 2024 /PRNewswire/ — Payment Asia is excited to announce a new initiative to empower small and medium-sized enterprises (SMEs) in Food and Beverage (F&B) sector and help them expand their businesses. In the exclusive collaboration with PAO Bank Limited (PAObank), the first virtual bank in Hong Kong specializing in SME banking services, Payment Asia aims to help local restaurants and food businesses enhance cash flow and expedite digital transformation, enabling them to capitalize on emerging opportunities in the rapidly evolving market.

Payment Asia offers a comprehensive range of electronic payment solutions for SME enterprises. Through one of its business units, PA Financial, which operates as a licensed financial service provider in Hong Kong, the company facilitates the seamless integration of loan applications with comprehensive digital marketing services, creating a convenient one-stop channel for SMEs looking to expand their businesses and improve liquidity.

As one of the leading virtual banks focused on SMEs in Hong Kong, PAObank offers a range of convenient and cost-effective digital financial solutions designed specifically for SMEs, supporting them in seizing market opportunities.

“We are proud to partner with PAObank to support the F&B industry in Hong Kong,” said Paul Tang, COO at Payment Asia. “This collaboration represents our commitment to empowering local businesses through innovative financial solutions and helping them thrive in a digital-first environment.”

Hannah Hui, Deputy Chief Executive at PAObank, stated, “PAObank is fully committed to supporting the business needs of SMEs, and our partnership with Payment Asia enables us to build stronger connections with SMEs in the F&B sector. Leveraging PAObank’s fintech capabilities, we aim to bridge the gap between traditional financing and restaurant owners’ capital needs, providing them with the sufficient cash reserves they need in an increasingly competitive marketplace.”

In support of this initiative, Payment Asia and PAO Bank will host a free seminar next week to share the latest digital marketing strategies and F&B business trends. This event serves as an excellent opportunity for local F&B entrepreneurs to gain valuable insights and guidance tailored to their specific needs.

Seminar theme: Seizing the Opportunity-The Path to Digital Transformation in the F&B Industry
Date: October 10, 2024
Time: 15:00
Venue: 17F, Upper Living, 165 Hoi Bun Road, Kwun Tong, Hong Kong
Contact: efactor@paymentasia.com

About Payment Asia
Established in 1999, Payment Asia has been committed to providing innovative online payment technology, and electronic payment solutions for SME enterprises and even multinational companies in Asia. Payment Asia prepares simple and time-saving online payment systems for customers, covering credit cards, debit cards, e-wallets, and tailor-made omnichannel payment solutions including digital asset gateway for enterprises. In the past 10 years, we have actively innovated and added elements such as digital marketing, e-commerce solutions, and AI consulting to our business to meet the needs of merchants. Payment Asia has developed rapidly and has served more than 12,000 local and overseas merchants.

About PAO Bank Limited
PAO Bank Limited (“PAObank”), a wholly-owned subsidiary of Lufax Holding Ltd (“Lufax”) (SEHK: 6623; NYSE: LU) and a member of Ping An Insurance (Group) Company of China, Ltd. (“Ping An“) (SEHK: 2318; SSE: 601318), is committed to fostering financial inclusion and establishing a virtual banking ecosystem by leveraging its extensive experience in SME banking services and its leading financial technology advantages. PAObank was granted a banking licence by the Hong Kong Monetary Authority in May 2019 to offer banking services via digital channels. PAObank is expanding diverse business segments including retail banking and SME banking.

View original content:https://www.prnewswire.com/apac/news-releases/payment-asia-to-support-digital-transformation-in-hong-kongs-fb-industry-302265696.html

SOURCE Payment Asia