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The Inner Circle acknowledges, Michael L. Rombout as an Inner Circle Lifetime

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BALLWIN, Mo., Oct. 16, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Michael L. Rombout is acknowledged as an Inner Circle Lifetime for his contributions to Cybersecurity and Leadership Coaching in the Defense Industry.

Mr. Rombout is a seasoned leader in the cybersecurity and intelligence sectors, with a distinguished career spanning both military and civilian roles. With expertise in cyber threat intelligence, cybersecurity operations, and leadership, Mr. Rombout brings a wealth of experience to drive security strategy and operational excellence.

Mr. Rombout holds an Executive MBA from Washington University in St. Louis, combining advanced business acumen with deep technical knowledge to bridge the gap between cybersecurity strategy and business objectives. Additionally, Mr. Rombout holds the CISSP certification from ISC2, solidifying expertise in cybersecurity best practices and governance.

Having served in the United States Army for over 20 years, Mr. Rombout rose to the rank of Master Sergeant, holding key leadership positions, including First Sergeant and various roles within military intelligence. With a focus on leadership development, Mr. Rombout has successfully led teams in complex, high-pressure environments, both in combat and in garrison, managing all-source intelligence operations and cyber defense initiatives. Mr. Rombout is passionate about applying military-honed skills to cybersecurity challenges in the civilian sector, ensuring robust defenses against evolving threats.

Dedicated to continuous learning, Mr. Rombout has completed advanced military leadership courses such as the Master Leader Course (MLC) and Advanced Leader Course (ALC). With a focus on fostering collaboration and innovation, Mr. Rombout aims to support organizations in strengthening their security posture while promoting initiatives that advocate for veterans and underrepresented groups in cybersecurity.

In addition to military service, Mr. Rombout has been involved with various organizations and causes, mentoring fellow veterans and contributing to initiatives that support military families and those transitioning to civilian careers.

Looking ahead, Mr. Rombout is focused on executive leadership opportunities within cybersecurity, including roles such as Head of Cyber Security Operations, Chief Information Security Officer (CISO), or Chief Risk Officer (CRO). Guided by the values instilled through military service, Mr. Rombout is committed to making a lasting impact in cybersecurity leadership by driving strategy, innovation, and resilience across the industry.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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KASFAB Tools Inaugurates India’s First Manufacturing and Building Facility for Semiconductor Equipment for Global Customers

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DODDABALLAPUR, India, Jan. 28, 2025 /PRNewswire/ — KASFAB Tools Private Limited (A KAS group company under UHP Technologies & KASTECH Equipment) announced the launch of India’s first manufacturing and building facility dedicated to building semiconductor equipment for global customers today. The state-of-the-art facility, located in Doddaballapur, was inaugurated among global supply chain partners and customers from Fortune 100 companies in attendance with Dr. Suraj Rengarajan – Head Semiconductor Products Group in Applied Materials India, Dr. Ankineedu Velaga – SVP & Country Head YES India and Prof. Srinivasan Raghavan – Chairman CeNSe IISc formally inaugurating the facility today.

KAS Group, a prominent player with a proven track record in the engineering sector and an impressive portfolio of companies including UHP Technologies and KASTech Equipments serving Solar and Semiconductor Industry with established expertise across multiple domains, such as solar fabs and semiconductor R&D facilities, UHP Technologies has recently been awarded a significant contract for Micron Semiconductor Gujarat, further solidifying its position in the industry.

This groundbreaking initiative marks a significant milestone in India’s journey towards self-reliance and leadership in the semiconductor industry. The KAS Group will invest significantly in KASFAB Tools Private Limited, the newly formed company, beginning with INR 20 crore in its initial phase, followed by an additional INR 250 crore in the subsequent expansion phase. This strategic move aims to tap into a global market valued at USD 25 billion, with the Indian semiconductor ecosystem poised to reach INR 2500 crore within the next 3 to 5 years. Projections for FY 2025-26 forecast INR 50 crore in revenue, with expectations for exponential growth in the coming years as the company continues to scale.

“This world-class facility represents a pivotal step in strengthening India’s semiconductor ecosystem,” said Mr. Manjunath Jyothinagara, Managing Director, KASFAB Tools Pvt. Ltd. “By providing advanced manufacturing capabilities, we are not only supporting global customers but also positioning Karnataka as a leading hub for innovation and high-tech engineering. This initiative will generate employment, attract significant investments, and accelerate India’s ambitions to become a global leader in semiconductor manufacturing.”

“With first-of-its-kind infrastructure in India, capable of supporting industry giants we look forward to collaborate with players like Applied Materials, LAM Research, Tokyo Electron, Yield Engineering Systems and likes of them. As global semiconductor equipment makers look to diversify their supply chains, India offers a compelling opportunity for contract manufacturing. The country’s talent pool and engineering ecosystem will drive MSMEs to embrace this path with greater confidence, and we anticipate a growing number of players will be motivated to join in building a vibrant, local semiconductor ecosystem.”

The facility also houses independent test and validation tools, a safety simulation bench, and functional testing capabilities, ensuring compliance with the highest global standards. The facility sprawled across 20,000 sq. ft. on the outskirts of Bangalore, has been developed after extensive benchmarking of similar setups in the USA, Japan, South Korea, Malaysia, and China, making it one of the most advanced facilities of its kind in India. 

The new facility is designed to cater to the demands of leading global customers, including Applied Materials, LAM Research, Tokyo Electron and Yield Engineering Systems, among others. It is equipped with cutting-edge infrastructure, including Class 10 and Class 100 cleanrooms, high-precision welding for plastics and metals, component fabrication, and ultrasound-aided cleaning with deionized (DI) water. 

The facility is open to showcase its pioneering capabilities including Class 10/Class 100 cleanrooms, precision welding, and comprehensive testing and validation setups.

 

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KPMG in India collaborates with The Hashgraph Group AG to drive enterprise blockchain adoption leveraging Hedera’s DLT technology

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MUMBAI, India, Jan. 28, 2025 /PRNewswire/ — KPMG in India, a leading professional services firm, and The Hashgraph Group (THG), a Swiss-based international business, venture capital, and technology company operating exclusively within the Hedera ecosystem, today announced a strategic alliance, aimed at accelerating the impact and enterprise adoption of blockchain and Distributed Ledger Technologies (DLT) across industry sectors, leveraging Hedera’s platform capabilities and its enterprise-grade DLT network.

 

 

The alliance is expected to see KPMG in India and The Hashgraph Group AG (THG) collaborating to enable and advance blockchain adoption, thereby aiming to deliver transformative benefits to enterprise clients globally and across various sectors. The strategic alliance is expected to aim to offer co-branded and joint go-to-market solutions, leveraging THG’s Hashgraph for Enterprise (H4E) product suite to enable businesses to benefit from secure enterprise-grade solutions built on the Hedera with service level agreements (SLAs).

Blockchain/DLT implementations are rapidly transitioning from nice-to-have to must-have decisions as we further advance into the future of a decentralized and interconnected Web3 economy. The growing adoption of blockchain/DLT is expected to continue to gain traction for enterprises, with this technology now empowering many industries through its distributed ledger system. The evolution of blockchain/DLT as a technology, to a complete digital infrastructure, showcases its unique abilities to boost security, reduce costs, and enable everyday transactions to be more efficient, affordable, and convenient, while saving energy and meeting environmental, social, and governance (ESG) criteria and reporting requirements.

Speaking on the alliance, Chaitanya Gogineni, Partner, Digital Lighthouse, KPMG in India, said: “We are excited to join forces with The Hashgraph Group to build innovative Digital Ledger Technology (DLT) led tools and enable digital transformation for our clients. This alliance is built on a shared vision of empowering businesses to harness the power of DLT, unlocking new opportunities and creating lasting value.”

To this effect, this strategic alliance is expected to combine KPMG in India’s extensive expertise in the area of advisory and consulting services with Hedera’s leading DLT platform to create robust, secure, and energy-efficient decentralized solutions that can be easily, safely, and seamlessly integrated. The alliance could also look at addressing critical challenges and enterprise needs in areas such as digital identity (DID), digital product passport (DPP), sustainability, supply chain management, asset tokenization, and more.

Stefan Deiss, Co-Founder & CEO of The Hashgraph Group, stated: “This strategic alliance with KPMG in India represents a pivotal moment in combining the strengths of a leading professional services firm with the technological power of Hedera as the world’s leading layer-1 protocol to enable organizations with Hedera-powered post-quantum enterprise solutions. We are excited to embark on this joint go-to-market journey with KPMG in India and look forward to empowering businesses to compete in the Web3 economy.”

Additionally, the structured collaboration in the productization and commercialization of blockchain/DLT for enterprises, might enable KPMG in India and THG to pool engineering resources, advisory expertise, investments, and strategic Web3 capabilities to serve the growing demand for enterprise ready blockchain-powered solutions, with the achieved synergy expected to strengthen both KPMG in India and THG’s global market presence, while increasing client reach and enhancing service delivery through a joint go to market strategy and unified project execution.

Krishna Tyagi, Head of Web3 at KPMG in India, said: “Today blockchain technology has the potential to revolutionize various sectors by providing secure, transparent, and efficient solutions. Our alliance with The Hashgraph Group is expected to enable us to offer our clients immense value and drive innovation in the digital economy enabled by blockchain technology.”

Hedera leverages its Hashgraph consensus algorithm to achieve high speed, security, and scalability. It’s low, predictable fees, and carbon-negative footprint make it ideal for enterprise applications ranging from decentralized finance to sustainability solutions to supply chain management. Governed by some of the world’s leading organizations, including the 32 Hedera Governing Council members Hedera offers a trusted and robust quantum-resistant infrastructure for businesses and institutions.

Anindya Roychowdhury, Head of Global Partnerships at The Hashgraph Group, said: “Having spent a large part of my professional career with KPMG in India, I am delighted to have facilitated this important collaboration. India is emerging as the world’s #1 destination for Web3, and this strategic alliance will establish Hedera as the preferred DLT protocol for governments and enterprises; we have already made significant inroads through our local presence in India and expect to scale massively over the coming years.”

About KPMG in India

KPMG entities in India are professional services firm(s). These Indian member firms are affiliated with KPMG International Limited. KPMG was established in India in August 1993. Our professionals leverage the global network of firms, and are conversant with local laws, regulations, markets and competition. KPMG has offices across India in Ahmedabad, Bengaluru, Chandigarh, Chennai, Gurugram, Hyderabad, Jaipur, Kochi, Kolkata, Mumbai, Noida, Pune, Vadodara and Vijayawada. KPMG entities in India offer services to national and international clients in India across sectors. We strive to provide rapid, performance-based, industry-focused and technology-enabled services, which reflect a shared knowledge of global and local industries and our experience of the Indian business environment.

About The Hashgraph Group

The Hashgraph Group (THG) is a Swiss-based international business, venture capital, and technology company that operates exclusively within the Hedera ecosystem, specialized in venture building programs and strategic investments aimed at enabling entrepreneurs, enterprises, and governments to adapt and compete in the Web3 economy. THG brings specialist expertise in the design, development, and deployment of enterprise-grade solutions and decentralized applications on Hedera through its team of Hedera-Certified Engineers, including operating multiple venture studios around the world. For more information about The Hashgraph Group, visit www.hashgraph-group.com.

About Hedera

Governed by a council of the world’s leading institutions, Hedera is a high-performance, secure, and sustainable public, permissioned DLT network. It enables seamless tokenization of real-world and digital assets with unmatched performance, security, and compliance. From regulated security tokens to NFTs, Hedera empowers the efficient creation of diverse asset types by providing enterprises and developers with robust open-source tools to unlock illiquid assets and drive the evolution of financial markets. For more information about Hedera, visit www.hedera.com.

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Eton Solutions, the leading WealthTech platform powered by AI, partners with Trigen Wealth, a newly launched full service Multi-Family Office in India

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Eton Solutions will be the exclusive technology partner for the newly launched Trigen Wealth, a full service Multi-family office.Trigen Wealth will use Eton’s Administrative Family Office (AFO) platform and services for all their clients targeting UHNWIs and HNWs in Tier 1, 2 and 3 cities in India.This partnership underscores Eton Solutions’ commitment to offering integrated and innovative ERP solutions for UHNW and HNW families across India, one of the fastest growing UHNW markets globally.

MUMBAI, India, Jan. 28, 2025 /PRNewswire/ — Eton Solutions, a leading WealthTech platform for Family Offices powered by AI, will be the exclusive technology partner of Trigen Wealth, a newly launched multi-family office in India. Prime Trigen Wealth Limited is a full-stack wealth solutions provider offering comprehensive multi-family office services and is a 100% subsidiary of Prime Securities Limited, a publicly listed and SEBI Registered Category-I Merchant Banker, with a distinguished legacy of delivering exceptional financial services in India. This strategic collaboration is set to redefine wealth management for Ultra-High-Net-Worth (UHNW) and High-Net-Worth (HNW) families across the country.

This partnership underscores Eton’s commitment to offering an integrated and innovative ERP platform for UHNW and HNW families and individuals across India. Eton Solutions has had a presence in the country for the past 5 years with over 375 employees working at their Global Technology Center in Bengaluru supporting clients globally. The emergence of India as a financial powerhouse with the 3rd largest concentration of billionaires in the world after the USA and China, fits squarely with Eton Solutions’ international expansion plans.

AFO™ offers clients a single integrated web and mobile application, providing complete visibility into their wealth portfolios, seamless management of investments, and tracking of private assets — all within the secure, high-quality data infrastructure of AtlasFive®. Combined with Eton’s suite of services, family offices can eliminate the need for outsourcing middle and back-office operations, creating an entirely digital and client-centric experience, from investment reporting to accounting and document management to tax support services.

To further support services provided to its clients globally, as well as its Indian specific expansion plans, the company will be setting up a presence in GIFT City, Gujarat, in the near future. This new Technology Center is poised to be a key milestone in their expansion strategy and will serve as a hub for Eton Solution’s operations in the country, allowing it to leverage the unique advantages of GIFT City’s world-class infrastructure and regulatory environment.

Eton Solutions’ highly sophisticated ERP platform, AtlasFive®, a fully integrated, secure cloud-native AI-driven software tailored to meet the complex needs of family offices, currently manages over $936 billion for 723 families worldwide. Over 11.5 million transactions are processed annually with 92,000 entities on this platform. Purpose-built for family offices, AtlasFive® combines AI-driven, real-time features to reduce manual work, accelerate decision-making, and minimize errors and risks.

Commenting on the partnership, Mr. N. Jayakumar, Managing Director of Prime Securities Ltd. said: “This collaboration reflects our shared vision to redefine the Family Office as a Service in India. By combining Prime Trigen Wealth’s profound understanding of the Indian market with Eton Solutions’ cutting-edge technology and global expertise, we aim to deliver unparalleled innovation, efficiency, and client-focused services. Together, we are setting a new benchmark for excellence, offering world-class solutions tailored to the unique needs of UHNW and HNW families in India.”

Satyen Patel, Executive Chairman of Eton Solutions, said, “India is a critical market within our global strategy, and we are optimistic about its growth trajectory and our ability to serve the diaspora globally. With India’s nominal GDP estimated to be $4.27 trillion in 2025, a national savings rate of 30% of GDP and household savings rate for FY23 at 18.4% as per the National Account Statistics 2024 data, household savings in India could be over $786 billion in 2025. This significant financial potential highlights the growing demand for sophisticated wealth management solutions. We are committed to supporting UHNW and HNW families through our new Technology Center in GIFT City. By partnering with Trigen Wealth, we aim to deliver cutting-edge, AI-powered solutions using our AtlasFive® platform and EtonGPT™ engine. These innovations will streamline family office operations, enhance risk management, and empower clients with privacy, security, and control to achieve their ambitious goals.”

About Eton Solutions:

Eton Solutions is an ERP software product (AtlasFive®) and services company founded to handle the complexities of servicing ultra-high-net-worth families globally. The company is based in the United States, in Research Triangle Park, NC with its international headquarters in Singapore focused on serving markets outside of the Americas. Created by family office leaders, Eton Solutions’ flagship product is AtlasFive®, managing over US$936 billion on our integrated platform that holistically aggregates and manages all your liquid and alternative investment assets and office’s data, reporting and workflow processes. With one source of truth, Eton Solutions leads family offices into the future by maximising efficiency and minimising errors and risk. Eton Solutions has experienced a CAGR of over 100% since its inception.

Visit: https://www.eton-solutions.com

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