The PRWIRE Press Releases https:// 2021-07-22T01:36:50Z Springfield Smart City attracts Australian and Indian tech giants 2021-07-22T01:36:50Z springfield-smart-city-attracts-australian-and-indian-tech-giants-1 Springfield, Queensland - Springfield City Group (SCG), the leading developer of Greater Springfield, has partnered with Australia India Business Council Ltd (AIBC); the peak body for promoting and enhancing bilateral trade relations between the two countries, to further fortify the Australia-India rapport by attracting internationally recognised Indian technology companies to Australia. The partnership was introduced in link with the tactical coalition that was announced between the Indian and Australian Prime Ministers, Narendra Modi and Scott Morrison, last year. Springfield City Group and AIBC initiated the project by hosting the Australia India Technology Summit recently. The aim of the summit was to emphasise on further developing Australia’s tech and IT status through the introduction of a second Global Silicon Valley, that would further strengthen the ties between the two countries. The acceleration in partnership between India and Australia would drive domestic productivity, further creating jobs for both nations in higher technical education, technology, energy, defense, health and sports. Major Indian IT companies participating in the summit included TCS, InfoSys, HCL, Wipro, Tech Mahindra, among others. Speakers included Peter Varghese AO, who led the India Economic Strategy to 2035; and Ambassador Anil Wadhwa, who led the Australia Economic Strategy. Maha Sinnathamby, Chairman of SCG, said: “In Greater Springfield, we have laid the foundation to attract the very best partnerships – whether that be in technology, health or education. And now we are delighted to have a very specific focus on the Indian Technology Companies that are already in this country or planning to establish in Australia and understand their needs going forward. The demand for knowledge workers over the next decade will be crucial in this country and we want to play our role in nurturing the minds in our national and local economy to enable them to participate actively in the knowledge economy as it continues to grow. We can leverage the assets we have in this country, build the knowledge workers of the future as well as attract more companies to locate to Australia in areas like the Knowledge Precinct in Greater Springfield.” Jim Varghese, National Chair of AIBC said: “Australia India Business Council is proud to support the Springfield City Group’s latest project surrounding a sustainable future. AIBC believes in the power of this one-stop-shop location for leading tech companies from India and Australia to collaborate and further build on bilateral ties between the two countries.” Ashok Mysore, Chair of AIBC’s Information and Communications Technology and Digital Chapter stated that Indian IT and technology companies have long embraced Australia when asked about the prospective the latest project would introduce. --ENDS-- Key facts about Springfield: • Masterplan approved for 2.685 million square metres of mixed-use GFA and 22,855 apartments • Over $18 billion spent on Greater Springfield to date• Population of 48,000, growing at 5.8% per annum (on average)• 2 rail stations and connected by major road networks• 11 schools, both public and private schools• Private hospital, university, and TAFE campus• Major shopping centre, Orion Springfield Central • Data centre and dark fibre network connecting Greater Springfield and Brisbane For further information or to schedule an interview: Katrina Hall+61 2 8705 CyberArk Named a Leader in 2021 Gartner Magic Quadrant for Privileged Access Management 2021-07-21T23:23:06Z cyberark-named-a-leader-in-2021-gartner-magic-quadrant-for-privileged-access-management-1 Sydney, AUSTRALIA, NEWTON, Mass. and PETACH TIVKA, Israel – July 22, 2021 – CyberArk (NASDAQ: CYBR) today announced it was named a Leader in the 2021 Gartner Magic Quadrant for Privileged Access Management1. The company was positioned both highest in ability to execute and furthest in completeness of vision for the third time in a row. Over the past year, CyberArk has driven significant product innovations and made it even easier for global organisations of all sizes to take a security-first approach to protecting the growing number and types of identities – wherever they exist – in the cloud, across DevOps workflows and throughout increasingly fragile supply chains. From its advanced on-premises offerings to its growing SaaS portfolio, CyberArk delivers the only Identity Security platform, centered on privileged access management, to provide unmatched customer satisfaction while boosting operational efficiencies and driving down cybersecurity risk – at scale. “CyberArk has invested significantly in product innovation while reimagining how we engage with and support our customers as they continue to face growing business challenges across an increasingly complex world,” said Mike O’Malley, senior vice president, Global Marketing, CyberArk. “From our transition to a subscription business model and our new cloud-native offerings, to the expanded number of access, privilege and secrets-related use cases we address, CyberArk continues to deliver on its Identity Security vision and drive results for our customers.” Gartner Peer Insights documents customer experience through verified ratings and peer reviews from enterprise IT professionals. CyberArk reviews include the following: “CyberArk is a perfectly built PAM solution to cater every PAM use case, covering the basic password vault and password rotation all the way to secure single sign-on access through privileged session management with end to end replay able session recording, hence creating secured jump servers / bastion hosts.” – Director, IGA Program, Healthcare Industry (read full review) “CyberArk has an excellent customer relationship management team. We enjoyed working with them throughout the engagement. With [this] PAM solution, we were able to avoid and eliminate the need to store access related data in our local system and move to a centralised place which takes care of the encryption and eliminate any security related issues.” – Sr. Software Associate, Construction Industry (read full review) “This tool has drastically reduced our time spent to manage and track credentials internally. The account management has been very easy and helps to stay compliant with our PCI DSS audits.” – Operations Manager, Communications Industry (read full review) CyberArk recently won several awards and earned industry recognition, including the SC Awards Europe for Best Privileged Access Management Solution and Best Cloud Computing Security Solution, and Best Privileged Access Management and Best Cybersecurity Company by the Cybersecurity Excellence Awards, among other honors. To download a complimentary copy of the 2021 Gartner Magic Quadrant for Privileged Access Management, visit: 1 – Gartner, Magic Quadrant for Privileged Access Management, Felix Gaehtgens, Abhyuday Data, Michael Kelley, Swati Rakheja,19th July 2021 Gartner Disclaimers Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organisation and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. Gartner Peer Insights reviews constitute the subjective opinions of individual end users based on their own experiences, and do not represent the views of Gartner or its affiliates.                                                 About CyberArk CyberArk (NASDAQ: CYBR) is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine – across business applications, distributed workforces, hybrid cloud workloads and throughout the DevOps lifecycle. The world’s leading organisations trust CyberArk to help secure their most critical assets. To learn more about CyberArk, visit, read the CyberArk blogs or follow on Twitter via @CyberArk, LinkedIn or Facebook. # # # Media Contact: Sue Ralston Einsteinz Communications Ph: +61 02 8905 0995 Seagate Technology Reports Fourth Quarter and Fiscal Year 2021 Financial Results 2021-07-21T22:34:26Z seagate-technology-reports-fourth-quarter-and-fiscal-year-2021-financial-results Fiscal Q4 2021 Highlights – Revenue of $3.01 billion – GAAP operating margin of 16.8%; non-GAAP operating margin of 18.1% – GAAP diluted earnings per share (EPS) of $2.07; non-GAAP diluted EPS of $2.00 – Cash flow from operations of $478 million and free cash flow of $354 million – Revenue from mass capacity storage markets increased 29% year-over-year and represented 69% of FQ4 HDD revenue Fiscal Year 2021 Highlights – Revenue of $10.68 billion – GAAP operating margin of 14.0%; non-GAAP operating margin of 15.4% – GAAP diluted EPS of $5.36; non-GAAP diluted EPS of $5.64 – Cash flow from operations of $1.6 billion and free cash flow of $1.1 billion – Returned $2.7 billion to shareholders through dividends and share repurchases – Revenue from mass capacity storage markets increased 15% year-over-year and represented 65% of annual HDD revenue Sydney, Australia – July 22, 2021 - Seagate Technology Holdings plc (NASDAQ: STX) (the “Company” or “Seagate”) today reported financial results for its fourth quarter and fiscal year ended July 2, 2021. “Seagate delivered very strong June quarter results achieving the highest revenue in the last 6 years and the highest non-GAAP EPS in 9 years, which capped a fiscal 2021 in which we outperformed our expectations,” said Dave Mosley, Seagate’s chief executive officer. “Demand for data is rapidly accelerating in the cloud and at the edge, driving secular growth for mass capacity data storage. Seagate’s industry-leading product portfolio for mass data infrastructure places the company in an outstanding position to capitalise on robust demand trends, generate solid and increasing free cash flow and achieve our long-term financial objectives.” Quarterly Financial Results GAAP Non-GAAP FQ4 2021 FQ4 2020 FQ4 2021 FQ4 2020 Revenue ($M) $ 3,013 $ 2,517 $ 3,013 $ 2,517 Gross Margin 29.4% 26.5% 29.6% 27.3% Operating Margin 16.8% 10.6% 18.1% 14.8% Net Income ($M) $ 482 $ 166 $ 466 $ 311 Diluted Earnings Per Share $ 2.07 $ 0.64 $ 2.00 $ 1.20 Annual Financial Results GAAP Non-GAAP FY 2021 FY 2020 FY 2021 FY 2020 Revenue ($M) $ 10,681 $ 10,509 10,681 $ 10,509 Gross Margin 27.3% 27.0% 27.7% 27.7% Operating Margin 14.0% 12.4% 15.4% 14.7% Net Income ($M) $ 1,314 $ 1,004 $ 1,381 $ 1,311 Diluted Earnings Per Share $ 5.36 $ 3.79 $ 5.64 $ 4.95 The Company generated $478 million in cash flow from operations and $354 million in free cash flow during the fiscal fourth quarter 2021. For fiscal year 2021, the Company generated $1.6 billion in cash flow from operations and $1.1 billion in free cash flow. Seagate maintained a healthy balance sheet and during the fiscal fourth quarter, the Company paid cash dividends of $154 million and repurchased 2.6 million ordinary shares for $228 million. For the full year, the Company paid cash dividends of $649 million and used $2.0 billion to repurchase 33.6 million ordinary shares, or 13% of the outstanding shares. Additionally, the Company raised $1.0 billion of debt and ended the fiscal year with cash and cash equivalents of $1.2 billion. There were 227 million ordinary shares issued and outstanding as of the end of the fiscal year. For a detailed reconciliation of GAAP to non-GAAP results, see accompanying financial tables. Seagate has issued a Supplemental Financial Information document, which is available on Seagate’s Investor Relations website at Quarterly Cash Dividend The Board of Directors of the Company (the “Board”) declared a quarterly cash dividend of $0.67 per share, which will be payable on October 6, 2021 to shareholders of record as of the close of business on September 22, 2021. The payment of any future quarterly dividends will be at the discretion of the Board and will be dependent upon Seagate’s financial position, results of operations, available cash, cash flow, capital requirements and other factors deemed relevant by the Board. Business Outlook The business outlook for the fiscal first quarter 2022 is based on our current assumptions and expectations; actual results may differ materially, as a result of, among other things, the important factors discussed in the Cautionary Note Regarding Forward-Looking Statements section of this release. The Company is providing the following guidance for its fiscal first quarter 2022: Revenue of $3.1 billion, plus or minus $150 million Non-GAAP diluted EPS of $2.20, plus or minus $0.15 Guidance regarding non-GAAP diluted EPS excludes known charges related to amortisation of acquired intangible assets of $0.02 per share and estimated share-based compensation expenses of $0.15 per share. We have not reconciled our non-GAAP diluted EPS guidance for fiscal first quarter 2022 to the most directly comparable GAAP measure because material items that may impact these measures are out of our control and/or cannot be reasonably predicted, including, but not limited to, accelerated depreciation, impairment and other charges related to cost saving efforts, restructuring charges, strategic investment losses or impairment recognised, income tax adjustments on these measures, and other charges or benefits that may arise. The amounts of these measures are not currently available, but may be material to future results. A reconciliation of the non-GAAP diluted EPS guidance for fiscal first quarter 2022 to the corresponding GAAP measures is not available without unreasonable effort. A reconciliation of our historical non-GAAP financial measures to their nearest GAAP equivalent is contained in this release. Investor Communications Seagate management will hold a public webcast today at 6:00 a.m. Pacific / 9:00 a.m. Eastern that can be accessed on its Investor Relations website at An archived audio webcast of this event will be available on Seagate’s Investor Relations website at shortly following the event conclusion. About Seagate Seagate Technology crafts the datasphere, helping to maximise humanity’s potential by innovating world-class, precision-engineered data storage and management solutions with a focus on sustainable partnerships. A global technology leader for more than 40 years, the company has shipped over three billion terabytes of data capacity. Learn more about Seagate by visiting or following us on Twitter, Facebook, LinkedIn, YouTube, and subscribing to our blog. © 2021 Seagate Technology LLC. All rights reserved. Seagate, Seagate Technology, and the Spiral logo are registered trademarks of Seagate Technology LLC in the United States and/or other countries. Cautionary Note Regarding Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations of future events based on certain assumptions and include any statement that does not directly relate to any historical fact. Forward-looking statements include, among other things, statements about the Company’s plans, strategies and prospects, financial outlook for future periods, including the fiscal first quarter 2022, expectations regarding the Company’s products, our ability to ramp production, storage industry trends and market demand, shifts in technology, the Company’s ability to meet market and industry expectations and the effects of these future trends, the possible effects of the economic conditions worldwide resulting from the COVID-19 pandemic, and expectations on the Company’s business as well as dividend issuance plans for the fiscal quarter ending October 1, 2021 and beyond. Forward-looking statements generally can be identified by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “predicts,” “projects,” “should,” “may,” “will,” “will continue,” “can,” “could” or the negative of these words, variations of these words and comparable terminology. Information concerning risks, uncertainties and other factors that could cause results to differ materially from the expectations described in this press release include, among others, those risks and uncertainties included under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in the Company’s Annual Report on Form 10-K for the year ended July 3, 2020 filed with the U.S. Securities and Exchange Commission (“SEC”) on August 7, 2020, and in our Quarterly Reports on Form 10-Q filed with the SEC on October 29, 2020, January 28, 2021 and April 29, 2021. Additional information will also be set forth in the Company's Annual Report on Form 10-K for the year ended July 2, 2021. Undue reliance should not be placed on the forward-looking statements in this press release, which are based on information available to us on, and which speak only as of, the date hereof. The Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, unless required by applicable law. The inclusion of Seagate’s website addresses in this press release are provided for convenience only. The information contained in, or that can be accessed through, Seagate’s websites and social media channels are not part of this press release. SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED BALANCE SHEETS (In millions) July 2, 2021 July 3, 2020 (unaudited) ASSETS Current assets: Cash and cash equivalents $ 1,209 $ 1,722 Accounts receivable, net 1,158 1,115 Inventories 1,204 1,142 Other current assets 208 135 Total current assets 3,779 4,114 Property, equipment and leasehold improvements, net 2,181 2,129 Goodwill 1,237 1,237 Other intangible assets, net 29 58 Deferred income taxes 1,117 1,120 Other assets, net 332 272 Total Assets $ 8,675 $ 8,930 LIABILITIES AND EQUITY Current liabilities: Accounts payable $ 1,725 $ 1,808 Accrued employee compensation 282 224 Accrued warranty 61 69 Current portion of long-term debt 245 19 Accrued expenses 608 602 Total current liabilities 2,921 2,722 Long-term accrued warranty 75 82 Other non-current liabilities 154 183 Long-term debt, less current portion 4,894 4,156 Total Liabilities 8,044 7,143 Total Equity 631 1,787 Total Liabilities and Equity $ 8,675 $ 8,930 SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In millions, except per share data) For the Three Months Ended For the Fiscal Years Ended July 2, 2021 July 3, 2020 July 2, 2021 July 3, 2020 (unaudited) (unaudited) Revenue $ 3,013 $ 2,517 $ 10,681 $ 10,509 Cost of revenue 2,128 1,850 7,764 7,667 Product development 232 222 903 973 Marketing and administrative 136 112 502 473 Amortisation of intangibles 3 3 12 14 Restructuring and other, net 7 63 8 82 Total operating expenses 2,506 2,250 9,189 9,209 Income from operations 507 267 1,492 1,300 Interest income — 1 2 20 Interest expense (59) (49) (220) (201) Other, net 49 (59) 74 (87) Other expense, net (10) (107) (144) (268) Income before income taxes 497 160 1,348 1,032 Provision (benefit) for income taxes 15 (6) 34 28 Net income $ 482 $ 166 $ 1,314 $ 1,004 Net income per share: Basic $ 2.11 $ 0.65 $ 5.43 $ 3.83 Diluted $ 2.07 $ 0.64 $ 5.36 $ 3.79 Number of shares used in per share calculations: Basic 228 257 242 262 Diluted 233 260 245 265 Cash dividends declared per ordinary share $ 0.67 $ 0.65 $ 2.64 $ 2.58 SEAGATE TECHNOLOGY HOLDINGS PLC CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In millions) For the Fiscal Years Ended July 2, 2021 July 3, 2020 (unaudited) OPERATING ACTIVITIES Net income $ 1,314 $ 1,004 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation and amortisation 397 379 Share-based compensation 112 109 Loss on redemption and repurchase of debt 1 58 Deferred income taxes (4) (6) Other non-cash operating activities, net (50) 52 Changes in operating assets and liabilities: Accounts receivable, net (42) (127) Inventories (64) (166) Accounts payable (14) 394 Accrued employee compensation 58 55 Accrued expenses, income taxes and warranty (38) (39) Other assets and liabilities (44) 1 Net cash provided by operating activities 1,626 1,714 INVESTING ACTIVITIES Acquisition of property, equipment and leasehold improvements (498) (585) Proceeds from sale of investments 29 7 Proceeds from the sale of assets 4 1 Purchases of investments (4) (58) Maturities of short-term investments 3 — Net cash used in investing activities (466) (635) FINANCING ACTIVITIES Redemption and repurchase of debt (33) (1,137) Dividends to shareholders (649) (673) Repurchases of ordinary shares (2,047) (850) Taxes paid related to net share settlement of equity awards (33) (40) Proceeds from issuance of long-term debt 1,000 994 Proceeds from issuance of ordinary shares under employee stock plans 108 103 Other financing activities, net (19) (2) Net cash used in financing activities (1,673) (1,605) Effect of foreign currency exchange rate changes on cash, cash equivalents and restricted cash — (1) Decrease in cash, cash equivalents and restricted cash (513) (527) Cash, cash equivalents and restricted cash at the beginning of the year 1,724 2,251 Cash, cash equivalents and restricted cash at the end of the year $ 1,211 $ 1,724 Use of non-GAAP financial information The Company uses non-GAAP measures of gross profit, gross margin, operating expenses, income from operations, operating margin, net income, diluted EPS, and free cash flow, which are adjusted from results based on GAAP to exclude certain benefits, expenses, gains and losses. These non-GAAP financial measures are provided to enhance the user’s overall understanding of the Company’s current financial performance and its prospects for the future. Specifically, the Company believes non-GAAP results provide useful information to both management and investors as these non-GAAP results exclude certain benefits, expenses, gains and losses that it believes are not indicative of its core operating results and because it is similar to the approach used in connection with the financial models and estimates published by financial analysts who follow the Company. These non-GAAP results are some of the measurements management uses to assess the Company’s performance, allocate resources and plan for future periods. Reported non-GAAP results should only be considered as supplemental to results prepared in accordance with GAAP, and not considered as a substitute or replacement for, or superior to, GAAP results. These non-GAAP measures may differ from the non-GAAP measures reported by other companies in its industry. SEAGATE TECHNOLOGY HOLDINGS PLC RECONCILIATIONS OF GAAP TO NON-GAAP MEASURES (In millions, except per share amounts, gross margin and operating margin) (Unaudited) For the Three Months Ended For the Twelve Months Ended July 2, 2021 July 3, 2020 July 2, 2021 July 3, 2020 GAAP Gross Profit 885 $ 667 $ 2,917 $ 2,842 Accelerated depreciation, impairment and other charges related to cost saving efforts — 3 2 3 Amortisation of acquired intangible assets 1 9 12 38 Share-based compensation 6 7 28 27 Non-GAAP Gross Profit $ 892 $ 686 $ 2,959 $ 2,910 GAAP Gross Margin 29.4% 26.55% 27.3% 27.0% Non-GAAP Gross Margin 29.6% 27.3% 27.7% 27.7% GAAP Operating Expenses $ 378 $ 400 $ 1,425 $ 1,542 Amortisation of acquired intangible assets (3) (2) (12) (11) Restructuring and other, net (7) (63) (8) (82) Share-based compensation (19) (22) (84) (82) Other charges (3) — (7) (5) Non-GAAP Operating Expenses $ 346 $ 313 $ 1,314 $ 1,362 GAAP Income From Operations $ 507 $ 267 $ 1,492 $ 1,300 Accelerated depreciation, impairment and other charges related to cost saving efforts — 3 2 3 Amortisation of acquired intangible assets 4 11 24 49 Restructuring and other, net 7 63 8 82 Share-based compensation 25 29 112 109 Other charges 3 — 7 5 Non-GAAP Income From Operations $ 546 $ 373 $ 1,645 $ 1,548 GAAP Operating Margin 16.8% 10.6% 14.0% 12.4% Non-GAAP Operating Margin 18.1% 14.8% 15.4% 14.7% GAAP Net Income $ 482 $ 166 $ 1,314 $ 1,004 Accelerated depreciation, impairment and other charges related to cost saving efforts — 3 2 3 Amortisation of acquired intangible assets 4 11 24 49 Restructuring and other, net 7 63 8 82 Losses and costs recognised on the modification or early redemption and repurchase of debt — 32 2 62 Strategic investment (gains) losses or impairment recognised (50) 19 (87) 20 Share-based compensation 25 29 112 109 Other charges 3 1 21 5 Income tax adjustments (5) (13) (15) (23) Non-GAAP Net Income $ 466 $ 311 $ 1,381 $ 1,311 Shares used in diluted net income per share calculation 233 260 245 265 GAAP Diluted Net Income Per Share $ 2.07 $ 0.64 $ 5.36 $ 3.79 Non-GAAP Diluted Net Income Per Share $ 2.00 $ 1.20 $ 5.64 $ 4.95 GAAP Net Cash Provided by Operating Activities $ 478 $ 388 $ 1,626 $ 1,714 Acquisition of property, equipment and leasehold improvements 124 114 498 585 Free Cash Flow $ 354 $ 274 $ 1,128 $ 1,129 The Company’s Non-GAAP measures are adjusted for the following items: Accelerated depreciation, impairment and other charges related to cost saving efforts These expenses are excluded in the non-GAAP measures due to the inconsistency in amount and frequency and are excluded to facilitate a more meaningful evaluation of the Company’s current operating performance and comparison to its past periods’ operating performance. Amortisation of acquired intangible assets The Company records expense from amortisation of intangible assets that were acquired in connection with its business combinations over their estimated useful lives. Such charges are inconsistent in size and are significantly impacted by the timing and magnitude of the Company’s acquisitions. Consequently, these expenses are excluded in the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods’ operating performance. Share-based compensation These expenses consist primarily of expenses for employee share-based compensation. Given the variety of equity awards used by companies, the varying methodologies for determining share-based compensation expense, the subjective assumptions involved in those determinations, and the volatility in valuations that can be driven by market conditions outside the Company’s control, the Company believes excluding share-based compensation expense enhances the ability of management and investors to understand and assess the underlying performance of its business over time and compare it against the Company’s peers, a majority of whom also exclude share-based compensation expense from their non-GAAP results. Restructuring and other, net Restructuring and other, net are costs associated with restructuring plans that are primarily related to costs associated with reduction in the Company’s workforce, exiting certain facilities and other related costs. These also exclude charges or gains from sale of properties. These costs or benefits do not reflect the Company’s ongoing operating performance and consequently are excluded from the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods’ operating performance. Losses and costs recognised on the modification or early redemption and repurchase of debt From time to time, the Company incurs losses and fees from the early redemption and repurchase of certain long-term debt instruments. The losses represent the difference between the reacquisition costs and the par value of the debt extinguished. Other fees include any new fees associated with a modification and the write-off of any unamortised debt issuance costs associated with an extinguishment of debt. The amount of these charges may be inconsistent in size and varies depending on the timing of the repurchase of debt and consequently is excluded from the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods’ operating performance. Strategic investment (gains) losses recognised From time to time, the Company incurs losses or gains from strategic investments accounted for under the equity method of accounting or records downward or upward adjustments to the carrying value of strategic investments accounted for under the measurement alternative if an impairment or observable price adjustment is recognised in the current period that are not considered as part of its ongoing operating performance. The resulting expense or gain is inconsistent in amount and frequency and consequently is excluded from the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods’ operating performance. Other charges The other charges primarily include write-offs related to an internal reorganisation and IT transformation costs. These charges are inconsistent in amount and frequency and are excluded in the non-GAAP measures to facilitate a more meaningful evaluation of its current operating performance and comparison to its past periods’ operating performance. Income tax adjustments Provision or benefit for income taxes represents the tax effects of non-GAAP adjustments determined using a hybrid with and without method and effective tax rate for the applicable adjustment and jurisdiction. Free cash flow Free cash flow is a non-GAAP measure defined as net cash provided by operating activities less acquisition of property, equipment and leasehold improvements. Free cash flow does not reflect non-cash items, net cash used or provided by financing activities, and net cash used or provided by investing activities, other than acquisition of property, equipment and leasehold improvements. This non-GAAP financial measure is used by management to assess the Company's sources of liquidity, capital structure and operating performance. Media Contact: Antoinette Georgopoulos Einsteinz Communications Ph: +61 02 8905 0995 Gartner Predicts By 2025 Cyber Attackers Will Have Weaponised Operational Technology Environments to Successfully Harm or Kill Humans 2021-07-21T04:38:11Z gartner-predicts-by-2025-cyber-attackers-will-have-weaponised-operational-technology-environments-to-successfully-harm-or-kill-humans Sydney, 21 July 2021 — By 2025, cyber attackers will have weaponised operational technology (OT) environments to successfully harm or kill humans, according to Gartner, Inc. “In operational environments, security and risk management leaders should be more concerned about real world hazards to humans and the environment, rather than information theft,” said Wam Voster, senior research director at Gartner. “Inquiries with Gartner clients reveal that organisations in asset-intensive industries like manufacturing, resources and utilities struggle to define appropriate control frameworks.” According to Gartner, security incidents in OT and other cyber-physical systems (CPS) have three main motivations: actual harm, commercial vandalism (reduced output) and reputational vandalism (making a manufacturer untrusted or unreliable). Gartner predicts that the financial impact of CPS attacks resulting in fatal casualties will reach over $50 billion by 2023. Even without taking the value of human life into account, the costs for organisations in terms of compensation, litigation, insurance, regulatory fines and reputation loss will be significant. Gartner also predicts that most CEOs will be personally liable for such incidents. 10 Security Controls for Operational Technology Gartner recommends that organisations adopt a framework of 10 security controls to improve security posture across their facilities and prevent incidents in the digital world from having an adverse effect in the physical world. 1. Define roles and responsibilities Appoint an OT security manager for each facility, who is responsible for assigning and documenting roles and responsibilities related to security for all workers, senior managers and any third parties. 2. Ensure appropriate training and awareness All OT staff must have the required skills for their roles. Employees at each facility must be trained to recognise security risks, the most common attack vectors and what to do in case of a security incident. 3. Implement and test incident response Ensure each facility implements and maintains an OT specific security incident management process that includes four phases: preparation; detection and analysis; containment, eradication and recovery; and post-incident activity. 4. Backup, restore and disaster recovery Ensure proper backup, restore and disaster recovery procedures are in place. To limit the impact of physical events such as a fire, do not store backup media in the same location as the backed up system. The backup media must also be protected from unauthorised disclosure or misuse. To cope with high severity incidents, it must be possible to restore the backup on a new system or virtual machine. 5. Manage portable media Create a policy to ensure all portable data storage media such as USB sticks and portable computers are scanned, regardless whether a device belongs to an internal employee or external parties such as subcontractors or equipment manufacturer representatives. Only media found to be free from malicious code or software can be connected to the OT. 6. Have an up-to-date asset inventory The security manager must keep a continuously updated inventory of all OT equipment and software. 7. Establish proper network segregation OT networks must be physically or/and logically separated from any other network both internally and externally. All network traffic between an OT and any other part of the network must go through a secure gateway solution like a demilitarised zone (DMZ). Interactive sessions to OT must use multi-factor authentication to authenticate at the gateway. 8. Collect logs and implement real-time detection Appropriate policies or procedures must be in place for automated logging and reviewing of potential and actual security events. These should include clear retention times for the security logs to be retained and protection against tampering or unwanted modification. 9. Implement a secure configuration process Secure configurations must be developed, standardised and deployed for all applicable systems like endpoints, servers, network devices and field devices. Endpoint security software like anti-malware must be installed and enabled on all components in the OT environment that support it. 10. Formal patching process Implement a process to have patches qualified by the equipment manufacturers before deploying. Once qualified, the patches can only be deployed on appropriate systems with a pre-specified frequency.  Gartner clients can read more in the report “Reduce Risk to Human Life by Implementing this OT Security Control Framework.” About the Gartner Information Technology Practice The Gartner IT practice provides CIOs and IT leaders with the insights and tools to drive the organisation through digital transformation to lead business growth. Additional information is available at Follow news and updates from the Gartner IT practice on Twitter and LinkedIn using #GartnerIT. About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organisations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and objective resource for more than 14,000 enterprises in more than 100 countries — across all major functions, in every industry and organisation size.  To learn more about how we help decision makers fuel the future of business, visit Bridging the App – Insentra Group and Rimo3 join forces to simplify migration, management and optimisation of applications 2021-07-21T03:52:21Z bridging-the-app-insentra-group-and-rimo3-join-forces-to-simplify-migration-management-and-optimisation-of-applications Founded in 2019, Rimo3 is a SaaS solution which enables simple and scalable automation for migrating, modernising and maintaining apps at scale across all physical or virtual desktop workspaces.  “Following the announcements from Microsoft regarding the expansion of Azure Virtual Desktop (AVD) and the introduction of Cloud PC, this couldn’t come at a better time,” said Ronnie Altit, Co-Founder and CEO of Insentra. “Rimo3 uniquely provides a single platform to analyse, automatically modernise and test applications at scale.  Through this partnership with Rimo3, we can address the growing demands of our Partners and their clients to facilitate the rapid adoption of InTune, AVD, Microsoft Managed Desktop (MMD) and Cloud PC.” he said. The Rimo3 Cloud platform can perform deep analysis across your portfolio of applications to determine compatibility with the latest versions of Windows, identify those suitable for MSIX conversion (to leverage MSIX app attach in AVD) and their ability to run in Windows 10 multi-session, thus providing foresight on compatibility, functionality and performance. Rimo 3 goes beyond whether an application will just install across physical, virtual and cloud-based workspaces by analysing how applications perform in each one and providing guidance on the best workspace to deliver each application. “We are seeing growing concern amongst our Partners and their clients when it comes to managing cumulative Windows updates across business applications,” said Altit. “It’s increasingly difficult for infrastructure teams to quickly assess and test the implications of security patches at scale and as a result, patches are often not applied for days or months. The Rimo3 solution bridges this gap by detecting, pinpointing and highlighting potential user experience impacts from updates at the click of a button, enabling organisations to deploy updates and rapidly shut the door on vulnerabilities. Rimo3 is a perfect addition to the portfolio of offerings for Insentra, further solidifying our ability to deliver an outstanding End User Experience for our partner’s clients.” Of the new Partnership, President and CEO of Rimo3 Mike Welling said “Partnering with Insentra provides Rimo3 with access to proven skills and expertise across modern work, complex migrations and Azure Virtual Desktop. Their broad partner base and long-term relationships with Microsoft and Citrix make Insentra the logical fit for us when it comes to expanding into the A/NZ market. This, coupled with their global reach makes Insentra an ideal partner for Rimo3”. Insentra Group recently celebrated several key milestones, recognising 11 years in business, 5 years since expanding into the UK and US markets as well as recruiting their 100th crew member, demonstrating consistent growth in their mission to becoming the number one channel services business on the planet. -- END -- About Insentra Insentra is a truly collaborative IT Services partner delivering a range of specialised Advisory, Professional and Managed services, transacting exclusively through the IT channel. Our partner-centric business model provides our Partners and their clients with access to technologies, industry expertise, and accountable outcomes. Our service offerings cover technologies by Microsoft, Citrix, Red Hat, Torsion Information Security, IGEL, Nulia and many more across modern workplace, cloud, collaboration, security, support, migrations and more. We love what we do and are driven by a relentless determination to deliver exceptional service excellence. The combined individual skills, experiences and perspectives of our crew enable us to achieve powerful results for our partners and their clients. For more information on Insentra, visit About Rimo3 Rimo3 is a software solution which enables simple and scalable automation for migrating, modernising, and maintaining apps at scale, across all physical or virtual desktop workspaces. Our vision is simple: Simplify and accelerate the application modernisation journey for organisations. For more information on Rimo3, visit Media Contact: Tarkan Koçoglu, Rimo3 Wipro to Invest $1 Billion to Expand Cloud Transformation Capability, Launches Wipro FullStride Cloud Services 2021-07-20T12:32:21Z wipro-to-invest-1-billion-to-expand-cloud-transformation-capability-launches-wipro-fullstride-cloud-services-1 New York, USA and Bangalore, India – July 20, 2021: Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO), a leading global information technology, consulting and business process services company, announced the launch of Wipro FullStride Cloud Services and its commitment to invest $1 billion in cloud technologies, capabilities, acquisitions and partnerships over the next three years. As the cloud opportunity accelerates, Wipro FullStride Cloud Services brings together the full portfolio of Wipro’s cloud-related capabilities, offerings and talent to better orchestrate the cloud journey for clients.  This commitment builds on Wipro’s existing and extensive cloud business with clients and significantly expands the investment with its partners and hyperscalers, creating industry solutions that accelerate results for mutual clients.   Wipro has seen consistent growth in its cloud business and today employs over 79,000 cloud professionals and more than 10,000 people certified by the leading cloud service providers. Over the past 12 months, Wipro has announced significant cloud-related wins with Telefónica Germany / O2, Verifone, and E.ON in addition to METRO AG, one of the largest deals in Wipro’s history.   “Today, cloud adoption is at the core of any IT transformation initiative, and our clients have been turning to Wipro for help with this. With our $1 billion investment in cloud capabilities, and the launch of Wipro FullStride Cloud Services, we are in a far stronger position to simplify, orchestrate and accelerate the cloud journey for our clients,” said Thierry Delaporte, Chief Executive Officer and Managing Director, Wipro Limited.   Wipro FullStride Cloud Services will work with clients to better align business and IT with the cloud imperative, create significant business value and increase competitive differentiation. It will also improve their business agility, embed resilience and significantly optimize their technology investments in favor of change and innovation. Wipro FullStride Cloud Services puts client and business needs first while orchestrating simplicity in an otherwise complex ecosystem.   “Cloud adoption and innovation are an essential part of our IT strategy. For a company like METRO that operates in 25 countries, quickly migrating to the cloud enables decentralization, agility, speed and flexibility in engineering and development. We are delighted to have a multi-year strategic partner and leader like Wipro to support our cloud strategy and simplify a complex, technology ecosystem for our success and growth,” said Timo Salzsieder, CIO, METRO AG.     “With the introduction of the Chief Growth Office, we are renewing our focus on our global partnership ecosystem, amplifying and simplifying how we go to market together to orchestrate cloud transformation for our clients.  We will announce a new leader for this group very soon.” said Stephanie Trautman, Chief Growth Officer, Wipro Limited. Wipro FullStride Cloud Services is a collaboration between Wipro’s Chief Growth Office and existing Global Business Lines to create an integrated and comprehensive cloud transformation capability for customers, partners and cloud experts. With the launch of Wipro FullStride Cloud Services, Wipro is set to make cloud innovation and progress thrive, fueled by passion, collaboration, and boldness for clients. For more information, visit About Wipro Limited Wipro Limited (NYSE: WIT, BSE: 507685, NSE: WIPRO) is a leading global information technology, consulting and business process services company. We harness the power of cognitive computing, hyper-automation, robotics, cloud, analytics and emerging technologies to help our clients adapt to the digital world and make them successful. A company recognized globally for its comprehensive portfolio of services, strong commitment to sustainability and good corporate citizenship, we have over 200,000 dedicated employees serving clients across six continents. Together, we discover ideas and connect the dots to build a better and a bold new future.  Wipro Media Contact: Purnima Burman Wipro Limited     Forward-Looking Statements The forward-looking statements contained herein represent Wipro’s beliefs regarding future events, many of which are by their nature, inherently uncertain and outside Wipro’s control. Such statements include, but are not limited to, statements regarding Wipro’s growth prospects, its future financial operating results, and its plans, expectations and intentions. Wipro cautions readers that the forward-looking statements contained herein are subject to risks and uncertainties that could cause actual results to differ materially from the results anticipated by such statements. Such risks and uncertainties include, but are not limited to, risks and uncertainties regarding fluctuations in our earnings, revenue and profits, our ability to generate and manage growth, complete proposed corporate actions, intense competition in IT services, our ability to maintain our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, our ability to successfully complete and integrate potential acquisitions, liability for damages on our service contracts, the success of  the companies in which we make strategic investments, withdrawal of fiscal governmental incentives, political instability, war, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our business and industry. The conditions caused by the COVID-19 pandemic could decrease technology spending, adversely affect demand for our products, affect the rate of customer spending and could adversely affect our customers’ ability or willingness to purchase our offerings, delay prospective customers’ purchasing decisions, adversely impact our ability to provide on-site consulting services and our inability to deliver our customers or delay the provisioning of our offerings, all of which could adversely affect our future sales, operating results and overall financial performance. Our operations may also be negatively affected by a range of external factors related to the COVID-19 pandemic that are not within our control. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission, including, but not limited to, Annual Reports on Form 20-F. These filings are available at We may, from time to time, make additional written and oral forward-looking statements, including statements contained in the company’s filings with the Securities and Exchange Commission and our reports to shareholders. We do not undertake to update any forward-looking statement that may be made from time to time by us or on our behalf. New Omdia report recognises Genetec as fastest growing access control software provider in the world 2021-07-19T22:00:00Z new-omdia-report-recognises-genetec-as-fastest-growing-access-control-software-provider-in-the-world SYDNEY, AUSTRALIA/MONTRÉAL, July 20, 2021— According to the latest report from research organisation Omdia, Genetec Inc. (“Genetec”), a leading technology provider of unified security, public safety, operations, and business intelligence solutions, has once again been recognised as the fastest-growing access control software provider in the world. The report shows Genetec displacing traditional access control vendors, and claiming the number two position globally (up from 4th in 2019). “While the global access control software market was hard hit by the pandemic and declined in 2020, Genetec grew by more than 30% globally, gaining ground in both the Americas region* and becoming a top 10 vendor in EMEA,” said Bryan Montany, Physical Security Analyst at Omdia. Genetec credits its continued growth to the strength of its unified security platform, Security Center, which features access control solutions that easily tie in with video surveillance, ALPR, analytics, and more. Traditionally a proprietary market, the access control industry has now shifted to a more open one with customers looking to migrate to a cyber-secure open-architecture access control solution that allows them to choose hardware that is best suited to their needs. As a truly open system, Security Center Synergis™ connects to a large and growing selection of third-party access control devices. This allows organisations to choose the hardware that addresses their security needs and objectives, while avoiding the long-term setbacks of closed solutions. Seamlessly unified with video and other security systems, Synergis delivers operational and security insights, leading to more informed decisions, and improved operations. With Synergis, organisations can upgrade to the latest supported technology at any time, move at their own pace, and work within their available budget. Synergis is designed to evolve with a customer’s changing needs, simplifying their migration process while providing a return on their investment. “While many traditional access control vendors have gone through mergers and acquisitions to maintain market share, Genetec has grown organically, taking a radically different approach with innovative, nonproprietary solutions that meet the needs of this rapidly transforming market,” said Guy Chenard, Chief Commercial Officer, Genetec, Inc. According to another recently published Omdia report (Video Surveillance & Analytics Market Share Database – 2021), Genetec was recognised as #1 in video surveillance software globally, outpacing market growth in both VMS and Windows-based recorders categories. These figures coupled with the company’s global growth in access control software, underscore its market leadership and the benefits of a unified platform. For more information about Genetec access control solutions, please go to: *rising to #2 position compared to #3 in 2018. --ends-- About Genetec Genetec Inc. is an innovative technology company with a broad solutions portfolio that encompasses security, intelligence, and operations. The company’s flagship product, Security Center, is an open-architecture platform that unifies IP-based video surveillance, access control, automatic license plate recognition (ANPR), communications, and analytics. Genetec also develops cloud-based solutions and services designed to improve security, and contribute new levels of operational intelligence for governments, enterprises, transport, and the communities in which we live. Founded in 1997, and headquartered in Montreal, Canada, Genetec serves its global customers via an extensive network of resellers, integrators, certified channel partners, and consultants in over 80 countries. For more information about Genetec, visit: © Genetec Inc., 2021. Genetec, and the Genetec logo are trademarks of Genetec Inc. and may be registered or pending registration in several jurisdictions. Other trademarks used in this document may be trademarks of the manufacturers or vendors of the respective product. Press Contact: Sue Ralston Einsteinz Communications Ph: +61 02 8905 0995 Gartner Says Worldwide PC Shipments Grew 4.6% in Second Quarter of 2021 2021-07-19T01:29:25Z gartner-says-worldwide-pc-shipments-grew-4-6-in-second-quarter-of-2021 STAMFORD, Conn., July 12, 2021 — Worldwide PC shipments totaled 71.6 million units in the second quarter of 2021, an increase of 4.6% from the second quarter of 2020, according to preliminary results by Gartner, Inc. While PC demand remained above pre-pandemic levels, this was a marked deceleration in growth compared to the record year over year growth of 35.7% in the first quarter of 2021, due in part to the impact of ongoing component shortages. “The global semiconductor shortage and subsequent component supply constraints have extended lead time for some enterprise mobile PC models to as long as 120 days,” said Mikako Kitagawa, research director at Gartner. “This has led to prices increasing in the bill of materials, which vendors have passed on to end users. Moving forward, rising prices could continue to slow PC demand through the next 6 to 12 months.” While Gartner does not include Chromebooks in its traditional PC market results, Chromebook shipments were once again strong in the second quarter of 2021. The total combined worldwide PC/Chromebook market grew over 10% year over year. The top three vendors in the worldwide PC market remained unchanged year over year, with Lenovo maintaining the No. 1 spot in shipments (see Table 1). Table 1. Preliminary Worldwide PC Vendor Unit Shipment Estimates for 2Q21 (Thousands of Units) Company 2Q21 Shipments 2Q21 Market Share (%) 2Q20 Shipments 2Q20 Market Share (%) 2Q21-2Q20 Growth (%) Lenovo             17,278 24.1             16,681 24.4 3.6 HP Inc. 14,301 20.0             16,117 23.5 -11.3 Dell 12,256 17.1             10,717 15.6 14.4 Apple             6,086 8.5             5,086 7.4 19.7 Acer Group             4,375 6.1             4,042 5.9 8.3 ASUS             4,267 6.0             3,677 5.4 16.0 Others 13,065 18.2             12,168 17.8 7.4 Total             71,628 100.0             68,488 100.0 4.6 Source: Gartner (July 2021). Data includes desk-based PCs, notebook PCs and ultramobile premiums (such as Microsoft Surface), but not Chromebooks or iPads. All data is estimated based on a preliminary study. Final estimates will be subject to change. The statistics are based on shipments selling into channels. Numbers may not add up to totals shown due to rounding. Lenovo recorded its fifth straight quarter of year over year growth, although its 3.6% growth trailed that of the overall PC market. Lenovo’s consistent growth can be attributed in part to its in-house manufacturing operation, which enables Lenovo to be in better control of component shortages, in contrast to its competitors that rely primarily on outsourcing. After a major rebound in shipments last quarter, HP’s worldwide PC shipments declined 11.3% in the second quarter of 2021 compared to a year ago. Supply constraints on enterprise notebook PCs, as well as shipment declines in North America and EMEA, contributed to this drop. Dell achieved its third consecutive quarter of year over year growth this period, with deskbased PCs seeing particularly strong growth of over 40% compared to a year ago. In contrast, Dell saw only single-digit growth among mobile PC shipments, tied to long delivery times due to component shortages. The next three vendors — Apple, Acer and ASUS — grew faster than the market, owing to improved availability of consumer PCs. The consumer PC market was less impacted by shortages than the enterprise market, as vendors can be more flexible in the system design of consumer models, enabling workarounds for certain supply constraints. Regional Overview After three consecutive quarters of double-digit growth, the U.S. PC market declined 3.7% in the second quarter of 2021. This decline was primarily due to the component shortages, which heavily impacted the enterprise mobile PC market. Mobile PC shipments in the U.S. decreased for the first time in four quarters, dropping 9.5% year over year. After a year of extremely strong PC demand, the EMEA PC market was in a transition phase during the second quarter of 2021, with total EMEA PC shipments declining 1.9% year over year. “This past quarter saw the market readjusting to new norms in shipments, inventory and demand after an unprecedented peak in 2020,” said Kitagawa. The demand for PCs from both consumer and business markets remained strong in Asia Pacific, resulting in 16.5% year over year growth. Echoing global trends, desktop PCs saw stronger growth than mobile PCs in the Asia Pacific region. Notably, the Japanese PC market had a significant decline this quarter of 22.4%. The government-led education device initiative (Global Innovation Gateway for All, or GIGA), which was a major growth driver in the Japanese PC market in the past 12 months, completed its first phase by 1Q21. These results are preliminary. Final statistics will be available soon to clients of Gartner’s PC Quarterly Statistics Worldwide by Region program. This program offers a comprehensive and timely picture of the worldwide PC market, allowing product planning, distribution, marketing and sales organisations to keep abreast of key issues and their future implications around the globe. About Gartner for High Tech Gartner for High Tech equips tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organisations of tomorrow. Additional information is available at Follow news and updates from Gartner for High Tech on Twitter and LinkedIn using #GartnerHT. About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities today and build the successful organisations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and an objective resource for more than 14,000 enterprises in more than 100 countries — across all major functions, in every industry and enterprise size. To learn more about how we help decision makers fuel the future of business, visit Warrp’s popularity skyrockets with renowned app agency partnership 2021-07-15T22:15:00Z warrps-popularity-skyrockets-with-renowned-app-agency-partnership MELBOURNE, Victoria, July 16, 2021 - Warrp, Australia’s newest online marketplace platform, has seen a 138% spike in new signups and a top 100 app store category ranking in as little as a month thanks to a new partnership with globally renowned mobile app marketing agency, Studio Mosaic. Warrp Co-Founder and CEO, Matthew Ng, said the partnership with Studio Mosaic would enable Warrp to achieve its preliminary Australian user engagement goal of 100,000 active users by the early half of 2022. “We’re incredibly excited to have an award-winning agency onboard to help drive the company’s app optimisation strategy,” said Mr Ng. “Our iOS App ranking has passed the top 100 Shopping Apps in Australia, which is an amazing feat after only a few months for a new tech start-up with an Australian-only market. “We have surpassed larger and more valuable brands in the Shopping Apps category, which highlights the strength of a focused app strategy versus ‘big spend’ above-the-line marketing. “We are aiming to stand ground in the Australian Shopping Apps top 20 before the end of this year, which will provide us with a strong foothold for when we decide to expand into other international markets such as New Zealand, the US, Europe, UK, Middle East and South-East Asia. “Our constant and immediate focus is still on Australia as we aim to develop Warrp into the nation’s number one independent marketplace platform, providing the safest and fairest pre-owned items trading avenue for a variety of consumer goods.. “These goods include electronics, clothes, cars, furniture, and collectables, and soon designer wear and brand name items will come with an option to authenticate whether they’re genuine when they’re listed.” Studio Mosaic is also tasked with driving Warrp’s Android and web platform launch in August 2021, providing the Australian market with greater access and engagement to Warrp’s inbuilt services such as escrow payments and dynamic price Warrping. Warrp Co-Founder and CTO, Roman Granovskyi, said the competitive online marketplace space meant Warrp opted for a specialist app marketing company over a standard digital agency. “The Studio Mosaic team operates around the clock and their support will help Warrp optimise its reach nationally, and later globally,” said Mr Granovskyi. “We have gained traction with our smart and innovative tech through news outlets such as, Herald Sun, The Mercury, The Daily Telegraph, Kochie’s Startup Daily show on Ausbiz TV, Australian FinTech magazine, and others. “Ecommerce is a huge industry in Australia with 82 per cent of all Australian households shopping online in 2020, so it’s about being the first choice for consumers when they’re ready to buy or sell.” Studio Mosaic has a cabinet full of award recognitions including Business of Apps’ Top App Marketing Company 2021 winner, Best Apple Search Ads Campaign Winner 2020, winner of Clutch’s Top Mobile and App Marketing Company 2020, and was featured on Mobile App Daily’s Top Mobile App Marketing Agencies 2020.For more information on the collaboration, check out the Warrp product yourself at the Warrp Marketplace, or keep up to date with the latest Warrp news by bookmarking Warrp’s Press Room. Warrp is available to download on iPhones via the Apple App Store, and will be available on all other smart phone and web devices shortly. -ENDS- About Warrp: Warrp is a digitally innovative iOS marketplace app that takes the hassle out of peer-to-peer shopping online with a world-first dynamic marketplace, Trusted Partner program, Loyalty Rewards program, and Secure Escrow facility. Easily list products to sell or browse thousands of items to buy all from the Warrp app. As a proud Australian online start-up company, Warrp’s end-to-end experience is designed to change the way people buy and sell. Currently servicing Victorians but available to download nation-wide, Warrp’s vision is to grow its presence globally as an online marketplace built on strong community values, innovation, safety and ease of use. Discover a marketplace where you are in control of the journey and destination. Media Contact: Room: BAI Communications and Signify form partnership to revolutionise lighting infrastructure for the next generation of connectivity 2021-07-15T07:00:53Z bai-communications-and-signify-form-partnership-to-revolutionise-lighting-infrastructure-for-the-next-generation-of-connectivity 15 July 2021: Leading global communications infrastructure provider BAI Communications (BAI), has forged a partnership with Dutch multinational lighting corporation, Signify, to develop and deploy innovative solutions for converting outdoor lighting infrastructure as a wireless communications platform. It will combine BAI’s portfolio of neutral hosting facilities and capabilities with Signify’s innovative portfolio in connected lighting with gigabit transmission integrated luminaires, smart poles, smart hubs, and the industry leading Internet of Things (IoT) platform. The partnership complements BAI’s recent win of the 20-year concession to deliver high-speed mobile coverage across the London Underground. In establishing a backbone of connectivity across London in the largest and most advanced infrastructure project of its type in the world, BAI will look to incorporate the results of its collaboration with Signify to advance the technology development in fibre and streetscape network deployment for this project.BAI’s partnership with Signify represents an innovation leap for both organisations as they begin working together to unlock the extraordinary potential of light through pioneering connectivity solutions that will revolutionise smart community advancement for municipalities and enterprise. This is another move in BAI’s active pursuit to be a world leader in connected 5G infrastructure. This collaboration will concentrate on BAI’s operations in the United Kingdom, United States, Canada, Hong Kong, and Australia ahead of exploring further opportunities across Europe. Combining the specialised expertise of the two businesses boosts BAI’s already extensive capability to support fixed and mobile operators and municipalities to realise the smart city opportunities that 5G services are offering. Collaboration outcomes will include co-creating connectivity solutions to circumvent the growing pressure on wireless communication due to increasing congestion on radio spectrum. This will unlock a broad range of operational and revenue improvement opportunities for BAI’s customers.BAI’s Group Chief Executive Officer Igor Leprince said: “Importantly, this partnership supports our global ambitions and puts us in the perfect position to capitalise on the growing prioritisation of connected infrastructure. Signify’s specific expertise in lighting and wireless technology matched with BAI’s leadership in connected transit and infrastructure will enhance BAI’s existing success providing neutral host services by augmenting its range of offerings as it pursues, and wins, significant opportunities.“This opportunity to introduce new advanced network technology will accelerate BAI’s innovation in 5G outdoor and indoor wireless infrastructure, small cell deployment, and communications infrastructure for dense and complex urban and transit environments. It brings together great synergies between the two organisations, enabling BAI to extend and diversify its innovative service offerings through a mutually beneficial collaboration process with Signify.”CEO Signify Eric Rondolat said: “This partnership marks an important milestone in our strategy to leverage the lighting infrastructure as a communications platform. We are excited to join forces with BAI and support the company in its mission to build the next generation of communications networks in London and other markets around the world. Our collaboration illustrates public lighting as the critical backbone for smart city transformation.” ENDSAbout BAI Communications BAI Communications designs, builds, and operates cellular, Wi-Fi, broadcast, radio, and IP networks around the world. We are engineering experts and technology innovators with proven experience in delivering the next wave of connectivity solutions through long-term partnerships with broadcasters, transit operators, governments, and MNOs. As a leading communications infrastructure provider, BAI’s neutral host solutions connect people, enrich communities and advance economies. Our global operations span Australia, Canada, United Kingdom, Hong Kong and the US, where we have a majority stake in Transit Wireless. For more information contactHead of Marketing & Communications Sarah Roberts P +61 2 8113 4739 | M +61 434 752 233 | E Virsec Secures US$100 Million “Show of Force” Investment as it Redefines How Software is Secured 2021-07-15T01:58:52Z virsec-secures-us-100-million-show-of-force-investment-as-it-redefines-how-software-is-secured SYDNEY, July 15, 2021 — Virsec, the first cybersecurity company to fully protect software as it is executing, today announced a US$100 million Series C investment from an unmatched community of industry players and company builders. The completion of the round brings total funding in the company to US$137 million. With focus and urgency from the White House as well as private sector leaders to aggressively expand cybersecurity advancement and collaboration for the purposes of national and economic defence, Virsec has assembled a pool of expertise and resources to greatly expand its team, and power an acceleration of its groundbreaking innovations. Virsec Security Platform (VSP) stops sophisticated attacks at the first point of insurgence, so an adversary does not have the dwell time in software to orchestrate and execute their malicious plans. VSP is the only solution that can truly eradicate threats to the software workload at runtime, in real-time, while reducing the cost of security operations. “The world runs on software, and with the onslaught of damaging attacks to it, the world is also in a cyber crisis. That is why Virsec developed an unprecedented, radical, and multi-patented approach to fully protect software while it is executing, regardless of its environment,” said Dave Furneaux, Chief Executive Officer of Virsec. “We are able to provide our customers a ‘golden image’ of their software, bugs and all, and therefore we instantaneously detect and stop attacks before they happen. This is the type of game-changing technology that the market immediately needs. We are extraordinarily grateful for the community of investors, advisors, and security practitioners that have assembled around the company to help us achieve our mission.” Virsec’s Series C investors range from the former Chairman and CEO of Cisco, John Chambers, to the former Chairman and CEO of EMC, Mike Ruettgers, to a number of former high-ranking government and intelligence officials. Led by BlueIO, the round also includes Allen & Company LLC, Arena Holdings, Intuitive Venture Partners, JC2 Ventures, Artiman Ventures, Quantum Valley Investments, and Marker Hill Capital. With more than 50 patents, Virsec provides the first and only application-aware workload protection platform that incorporates System Integrity Assurance, Application Control and Memory Protection into a single solution. Virsec delivers in-depth visibility across the entire workload and detects, and blocks known and unknown threats that remain concealed by heuristic and endpoint security solutions. The Virsec solution maps the expected performance of each application on a workload and protects the memory those applications use to execute. Virsec ensures that the components of those applications are correct and unmodified before they are allowed to execute, and any deviation from the norm is treated as a threat. Additional Quotes “Clearly, cyber security products are not working well enough. Judging by the response from leading edge enterprises, Virsec is a game-changing business with a completely differentiated protection first approach to solving the cybersecurity crisis. Virsec stands alone amidst a sea of similar security companies.” – Mike Ruettgers, Former CEO & Chairman of EMC “Traditional and legacy security solutions ​are simply not enough to protect organisations from the extremely advanced attacks we are seeing today. This is why I decided to invest in Virsec.​ We are at an inflection ​point in cybersecurity and ​Virsec does what is needed: ​fully protect application workloads at runtime before an attacker can even make a move.” – John Chambers, CEO of JC2 Ventures, Former CEO & Chairman of Cisco. “The future of cybersecurity resilience for all enterprises includes fully protecting software. Virsec has the capability to fully protect software in the workload in an automated and enterprise-friendly way. Their runtime, high-performance protection technology is well thought-out from a deployment and operational perspective. Virsec is leading this emerging workload protection market with technology to alert and fully protect software in real time.” – Jim Routh, Former CISO of MassMutual, AETNA, & J.P. Morgan. -Ends- About Virsec Virsec is the world’s leading provider of application-aware workload cyber protection. Virsec's unique technology defends against the widest range of attacks, both known and unknown, with no signature or prior knowledge required. The solution secures any and all critical business applications, from legacy to COTS to custom, in any environment. Virsec is led by industry veterans with extensive leadership experience at multiple leading cybersecurity and technology companies and a long list of high-growth startups. More information is available at  Media Contact: Celia De Mattia Primary Communication +61 411 780 324 Gartner Forecasts Worldwide IT Spending to Grow 9% in 2021 2021-07-15T01:25:15Z gartner-forecasts-worldwide-it-spending-to-grow-9-in-2021-1 STAMFORD, Conn., July 14, 2021 — Worldwide IT spending is projected to total $4.2 trillion in 2021, an increase of 8.6% from 2020, according to the latest forecast by Gartner, Inc.    “Technology spending is entering a new build budget phase,” said John-David Lovelock, distinguished research vice president at Gartner. “CIOs are looking for partners who can think past the digital sprints of 2020 and be more intentional in their digital transformation efforts in 2021. This means building technologies and services that don’t yet exist, and further differentiating their organization in an already crowded market.” As many companies still suffer revenue declines, IT spending is accelerating ahead of revenue expectations. Boards and CEOs are much more willing to invest in technology that has a clear tie to business outcomes, and less so for everything else. For example, the IT services segment is among the top three highest growth areas for 2021 primarily due to a boost in infrastructure-as-a-service spending that supports mission critical workloads and avoids high on-premises costs. The IT services segment is forecast to total $1.2 trillion in 2021, an increase of 9.8% from 2020 (see Table1).  Table 1. Worldwide IT Spending Forecast (Millions of U.S. Dollars)   2020 Spending 2020 Growth (%)   2021 Spending 2021 Growth (%)   2022 Spending 2022 Growth (%)   Data Center Systems 178,466 2.5 191,648 7.4 201,659 5.2 Enterprise Software 529,028 9.1 598,957 13.2 669,114 11.7 Devices 696,990 -1.5 793,973 13.9 800,172 0.8 IT Services 1,071,281 1.7 1,176,676 9.8 1,277,228 8.5 Communications Services 1,396,287 -1.4 1,444,980 3.5 1,481,878 2.6 Overall IT 3,872,052 0.9 4,206,234 8.6 4,430,051 5.3 Source: Gartner (July 2021) “Digital transformation can no longer be purchased overnight, and global IT spending projections reflect that,” said Lovelock. “As the world continues to open back up, enterprises will invest in tools that support innovation, anywhere operations and employee productivity and trust.” Learn to make faster, smarter decisions – and generate stronger performance – by reinventing where, when and how work is done in the Gartner Future of Work Resource Center.  Additional details are also available in the complimentary Gartner webinar “The Gartner IT Spending Forecast, 2Q21 Update: Build Budgets Taking Off.” Gartner’s IT spending forecast methodology relies heavily on rigorous analysis of sales by thousands of vendors across the entire range of IT products and services. Gartner uses primary research techniques, complemented by secondary research sources, to build a comprehensive database of market size data on which to base its forecast. The Gartner quarterly IT spending forecast delivers a unique perspective on IT spending across the hardware, software, IT services and telecommunications segments. These reports help Gartner clients understand market opportunities and challenges. The most recent IT spending forecast research is available to Gartner clients in “Gartner Market Databook, 2Q21 Update.” This quarterly IT spending forecast page includes links to the latest IT spending reports, webinars, blog posts and press releases. Additional analysis on how CIOs respond to adversity and discover digital business strategic planning tools and techniques to achieve business continuity will be presented during Gartner IT Symposium/Xpo 2021, the world's most important conferences for CIOs and other IT executives. IT executives rely on these conferences to gain insight into how their organizations can use IT to overcome business challenges and improve operational efficiency. Follow news and updates from the conferences on Twitter using #GartnerSYM. Upcoming dates and locations for Gartner IT Symposium/Xpo include: October 18-21 | Orlando, Florida October 25-27 | Sydney, Australia November 8-11 | Barcelona, Spain November 16-18 | Tokyo, Japan November 30-December 2 | Kochi, India About Gartner for High Tech Gartner for High Tech equips tech leaders and their teams with role-based best practices, industry insights and strategic views into emerging trends and market changes to achieve their mission-critical priorities and build the successful organizations of tomorrow. Additional information is available at Follow news and updates from Gartner for High Tech on Twitter and LinkedIn using #GartnerHT. About Gartner Gartner, Inc. (NYSE: IT) is the world’s leading research and advisory company and a member of the S&P 500. We equip business leaders with indispensable insights, advice and tools to achieve their mission-critical priorities and build the successful organizations of tomorrow. Our unmatched combination of expert-led, practitioner-sourced and data-driven research steers clients toward the right decisions on the issues that matter most. We are a trusted advisor and an objective resource for more than 14,000 organizations in more than 100 countries — across all major functions, in every industry and organization size. To learn more about how we help decision makers fuel the future of business, visit Hitachi Completes Acquisition of GlobalLogic 2021-07-14T00:26:33Z hitachi-completes-acquisition-of-globallogic SYDNEY – 14 July 2021 --- Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it has completed the acquisition of GlobalLogic Inc. ("GlobalLogic") pursuant to the terms of the definitive agreement signed on March 31, 2021. As announced in the press release dated March 31, Hitachi Global Digital Holdings LLC ("HGDH"), a U.S. subsidiary of Hitachi, has acquired 100% of the outstanding shares of GlobalLogic Worldwide Holdings, Inc. ("GlobalLogic Worldwide Holdings"), the parent company of GlobalLogic, and GlobalLogic Worldwide Holdings and GlobalLogic have become wholly owned subsidiaries of HGDH. With more than 21,000 professionals working in engineering centers, and design studios around the globe, GlobalLogic specialises in advanced digital engineering, experience design, and data services to help clients accelerate innovation and the development of new digital products and experiences, through collaborative creation on a global scale. The acquisition of GlobalLogic will enhance Hitachi Group’s ability to deliver on its strategy to promote Social Innovation Business through digital technology to solve the issues faced by customers and society. In addition, Hitachi Group will be able to further accelerate the digital transformation of social infrastructure on a global scale by expanding its core Lumada digital solutions business globally. GlobalLogic’s capabilities combined with Hitachi’s Lumada will enable GlobalLogic to deploy Hitachi’s extensive library of digital solutions to the global market and help customers and societies solve their issues through agile application development in the cloud. Furthermore, Hitachi expects collaboration between GlobalLogic and Hitachi’s five sectors—IT, Energy, Industry, Mobility, Smart Life, and its automotive systems business (Hitachi Astemo) will add tremendous value to its wide range of products, adding advanced digital technologies, and creating new Lumada solutions. Through these efforts, Hitachi and GlobalLogic will work together to address the growing market for digital innovation, and promote the global expansion of the Lumada business—advancing Hitachi’s mission to increase social, environmental, and economic value of customers by focusing on three key areas of Environment, Resilience, Security & Safety, and contribute to realise a sustainable society. “We are very pleased to welcome GlobalLogic to the Hitachi Group.” Said Toshiaki Higashihara, Executive Chairman & CEO, Hitachi Ltd. “Hitachi aims to become a global leader in the social innovation business by accelerating digital transformation of social infrastructure by combining the innovativeness of GlobalLogic's advanced digital product engineering and experience design capabilities with the reliability that Hitachi has established in mission-critical fields. Through collaborative creation with customers around the world, Hitachi and GlobalLogic will work together to resolve issues faced by society and customers leveraging Lumada and contribute to improve people's quality of life by focusing on three key areas of Environment, Resilience, and Security & Safety.” “Joining the Hitachi Group creates a unique opportunity to bring together the power of Operating Technology (OT), Information Technology (IT) and IoT/Digital Engineering under one umbrella.” Said Shashank Samant, President and CEO of GlobalLogic. “We are excited to join forces with Hitachi and eager to forge our combined talent and experience in domain and digital to create innovative outcomes for our clients, and greater value for society.” ### Nexon Completes Strategic Acquisition of CSA 2021-07-14T00:10:53Z nexon-completes-strategic-acquisition-of-csa Sydney, Australia, Wednesday 14 July 2021 – Nexon Asia Pacific (Nexon) today announces the acquisition of Computer Systems Australia Pty Ltd (CSA), a multi award-winning technology services company that provides advice and solutions to clients across Australia. “The acquisition of CSA will accelerate our strategic growth objectives. Not only are we scaling up, but we are also extending our digital transformation capabilities for existing and new clients,” said Barry Assaf, Chief Executive Officer, Nexon. “With CSA having a footprint in Sydney, Melbourne, Newcastle and Brisbane, the acquisition increases our size to over 400 staff.” “By acquiring CSA, we strengthen our proposition to clients across cloud, network and cyber. We will also be able to leverage CSA’s strong C-suite engagement and expertise in digital services, underpinned by their relationship with ServiceNow, to create new digital experiences for our clients,” said Assaf. “We are very excited to join Nexon. Not only does it increase scale, it will also enable our clients to access new technologies and services we haven’t previously provided and open up more career opportunities for our fantastic team of employees,” said Brett Woods, Chief Executive Officer, CSA. “By coming together, we can accelerate technology adoption and innovative outcomes for our clients, so they become the digital organisations of the future,” said Woods, who will continue with the business and join the Nexon leadership team as the group’s Chief Strategy and Transformation Officer. ABOUT NEXON ASIA PACIFIC Since 2000, Nexon has been helping business leaders to connect with innovative technology in productive and efficient ways to meet business outcomes. Nexon delivers cutting-edge, boundary-pushing interconnected solutions that enable businesses to run more efficiently, create better user experiences, and explore bigger and better opportunities.  ABOUT CSA CSA is a multi-award-winning technology services provider, with a portfolio spanning digital, cloud, mobility, network and security. CSA's world-class team works across Newcastle, Sydney, Melbourne and Brisbane. Together, CSA and its clients accelerate technology adoption to transform customer and employee experiences and improve the world in which we live. Tricentis report reveals current trends in SAP adoption and implementation 2021-07-14T00:05:26Z tricentis-report-reveals-current-trends-in-sap-adoption-and-implementation Sydney, Australia — July 14, 2021 — Tricentis, the world’s number one continuous testing platform, today announced the release of its SAP Business Assurance Report: State of Worldwide SAP Testing, in conjunction with Capgemini and Sogeti. The report explores current SAP adoption and implementation trends and organisations’ preparedness to deal with the challenges emerging from the changing SAP landscape. The report backed by case studies and testimonials assesses the existing methods organisations use for SAP business assurance, the departments responsible for SAP business assurance quality and the use of specialist service providers, as well as their future plans around it. “SAP’s ERP system acts as the backbone of business processes across departments for organisations globally. While businesses continue to benefit from it, the overall SAP environment has undergone rapid disruption in recent years,” said Wolfgang Platz, Founder and Chief Strategy Officer at Tricentis. “These disruptions pose new business process risks, implementation challenges, cost impact, and, most importantly, increased level of complexity for enterprises. In our latest report, we set out to explore how prepared businesses were to address these challenges, and the steps they were taking to do so.” More than 750 respondents from organisations with revenue over 1 billion USD in 17 countries from a multitude of verticals were surveyed for the report. Its findings include: Among the surveyed companies ECC is still the most common platform, ahead of S/4HANA, though most companies are moving or planning to do so. ECC is the most popular SAP version, used by 43.2% of the surveyed organisations. S/4HANA’s adoption rate is 33.1% 91.9% of those organisations that have not upgraded to S/4HANA have either already begun the migration or plan to do it in the next 24 months Data migration (43.5%) and data security (42.8%) are the two most prominent challenges that organisations face while moving to advanced versions/updates. Most organisations (~91%) realise the importance of engaging a specialised service provider to overcome the challenges faced in implementing advanced SAP versions/updates There is a strong prevalence of specialist testing service providers 36.2% of respondents rely on them for SAP business assurance 27.4% use a hybrid model, which includes both an in-house team and a specialist testing service provider 45.1% of respondents use a specialist testing service provider for API testing/component testing 43.7% use one for performance testing The need for faster implementation, growing complexity, and lack of skilled resources have influenced organisations’ shift towards the use of automation in SAP testing. Around a quarter of surveyed organisations have an automated SAP testing system in place 29.9% organisations still rely on a manual approach 43.5% organisations use a combination of manual and automated SAP testing “The report reveals that many organisations are planning to increase the use of testing across all stages of project lifecycle in the coming months” says Mark Buenen, Global Leader of Digital Assurance and Quality Engineering Services at Capgemini Group. “They are also exploring the use of automation for SAP testing and agree that it can deliver more than 50% efficiency gains. Advanced technologies such as AI and ML are also likely to gain more traction in this space in the future.” Platz commented on the report’s findings: “The changing times have created a pressing need for organisations to take a more focused and structured approach to run end-to-end SAP testing processes to reduce or eliminate any business risks that might emerge from the implementation of SAP updates. “However, while most organisations now realise the importance of a robust business assurance process in ensuring the success and efficiency of SAP system, the study found that their level of maturity, approach, use of technology, and readiness for automation still seem to be evolving.” For a detailed exploration of the current state of SAP adoption, the challenges faced by businesses in its implementation, and how those businesses are seeking to deliver business assurance through improved testing, you can download the full report here: Learn more about the key takeaways from the report by attending this webinar on July 29, 2021. About Tricentis Tricentis is the global leader in enterprise continuous testing, widely credited for reinventing software testing for DevOps, cloud, and enterprise applications. The Tricentis AI-powered, continuous testing platform provides a new and fundamentally different way to perform software testing. An approach that’s totally automated, fully codeless, and intelligently driven by AI. It addresses both agile development and complex enterprise apps, enabling enterprises to accelerate their digital transformation by dramatically increasing software release speed, reducing costs, and improving software quality. Tricentis has been widely recognised as the leader by all major industry analysts, including being named the leader in Gartner’s Magic Quadrant five years in a row. Tricentis has more than 1,800 customers, including the largest brands in the world, such as McKesson, Accenture, Nationwide Insurance, Allianz, Telstra, Moet-Hennessy-Louis Vuitton, and Vodafone. To learn more, visit or follow us on LinkedIn, Twitter, and Facebook. Media Contacts Antoinette Georgopoulos Einsteinz Communications