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Optiv Security Doubles Down On Client Success with New Services Approach, Business and Engagement Model; Further Advances Ability to Help Global Clients Optimize, Integrate and Operationalize Cybersecurity

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DENVER–(BUSINESS WIRE)–#CaaS–While industries are being completely reinvented at an ever-accelerating
pace, the overall approach to cybersecurity has not similarly evolved to
address the new security challenges presented by rapid digital
transformation. Talent shortages, expanding attack surfaces, and
constant breaches are all symptoms of an unnecessarily complex and
inefficiently constructed cybersecurity world. Optiv
Security
, a global cybersecurity integrator delivering end-to-end
cybersecurity solutions, today announced it has implemented a new
cybersecurity services approach, business and engagement model that
transforms the way cybersecurity is consumed and applied. Optiv’s
innovative approach is specifically designed to deliver to organizations
integrated cybersecurity solutions that address the speed of business
change, by providing new consumption and outcome-based consulting
services and cybersecurity solutions that ultimately achieve higher
performance and reduced overall operational costs.

Specifically, the company is launching the following to more tightly
align its breadth of capabilities and client-centric approach, to bring
to market more focused global cybersecurity solutions that encompass
people, process and technology.

  • Newly launched Global Services and Operations Organization –
    Optiv has redesigned its services approach centered on client-focused
    outcomes and is delivering global capabilities to assist clients along
    their cybersecurity journeys. The company’s breadth of services
    addresses the full lifecycle of client security needs – with newly
    launched business lines for Advisory, Integration & Innovation, and
    CyberOperations – providing global clients with the required focus and
    scale to execute on full end-to-end cyber risk, cyber digital and
    cybersecurity projects and programs.
  • Cyber-as-a-Service (CaaSTM) Platform
    designed to ensure organizations benefit from fully-integrated
    solutions that scale on-demand with business needs and automatically
    adapt to shifting business requirements. This approach enables Optiv
    to deliver complex and integrated solutions with an innovative
    integrated technology stack focused on client outcomes. Optiv’s new
    CaaSTM offerings can be consumed alone, or combined with
    Optiv’s advisory, integration or managed services to harden security
    fundamentals across four critical areas of modern business risk:

    • Risk management and compliance, including resilience and assurance;
    • Cyber digital transformation, including cloud, orchestration,
      automation and big data;
    • Threat management, including protection, detection and response;
      and
    • Identity and data management.
  • Global Services Demand (GSD) Organization – Coordinating Partner
    and Teaming Delivery Model
    – Optiv created GSD to provide clients
    with the optimal mix of centralized oversight and buying power, and
    localized technical resources and expertise. This new engagement model
    also brings together a seasoned team of regionally-focused senior
    technical services executives to give clients an important engagement
    layer atop Optiv’s more than 1,300 deeply skilled and specialized
    cybersecurity delivery practitioners. These executives serve as global
    coordinating partners for our clients, acting as a single point of
    accountability to drive excellence for complex end-to-end
    cybersecurity services and solutions.

“After more than 40 years since the first virus was launched, the
approach to addressing cybersecurity issues has followed the same action
and response formula. The challenge is that the world has changed, while
the approach to cybersecurity has not kept pace,” said Chad Holmes,
chief services and operations officer. “Industries are being completely
reinvented – through digital transformation, cloud and data models,
Artificial Intelligence (AI), globalization and much more – while
cybersecurity gaps expand as symptoms of a historical approach to a new
and different business model.”

Holmes continued, “Our new Cyber-as-a-Service consumption model, which
we are launching based on client feedback and to meet growing market
demand, strongly complements our traditional services model. It enables
clients to have a choice in their cybersecurity consumption model, and
thereby transform their organizational cybersecurity approach, while
benefiting from the same cloud economics that have been used to
transform entire industries. This custom developed, innovative and
integrated approach provides organizations with increased flexibility
and choice in how they procure cybersecurity – from standalone tools to
integrated solutions – addressing complex security problems and
delivering better alignment to unique business requirements. Optiv is
extremely excited to bring to market our new Cyber-as-a-Service,
integrated business services and client engagement models, that will
increase our ability to provide clients with the right global resources
at the right time so that we can truly serve their best interests.”

Please visit
our website
for more information about our cybersecurity solutions
and capabilities.

Follow Optiv
Twitter: www.twitter.com/optiv
LinkedIn:
www.linkedin.com/company/optiv-inc
Facebook:
www.facebook.com/optivinc
YouTube:
https://www.youtube.com/c/OptivInc
Blog:
www.optiv.com/resources/blog

About Optiv Security

Optiv is a global cybersecurity solutions integrator – a “one-stop”
trusted partner with a singular focus on cybersecurity. Our end-to-end
cybersecurity capabilities span risk management and transformation,
cyber digital transformation, threat management, cyber operations,
identity and data management, and integration and innovation, helping
organizations realize stronger, simpler and more cost-efficient
cybersecurity programs that support business requirements and outcomes.
At Optiv, we are modernizing cybersecurity to enable clients to innovate
their consumption models, integrate infrastructure and technology to
maximize value, achieve measurable outcomes, and realize complete
solutions and business alignment. For more information about Optiv,
please visit us at www.optiv.com.

Contacts

Jason Cook
(816) 701-3374
Jason.cook@optiv.com
or
Brett
Ater
(913) 304-7683
Brett.ater@optiv.com

Cannabis

Valens expands Exclusive Licence Agreement to Bring Leading Cannabis-Infusion Technology to New International Markets

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Valens GroWorks Corp. (TSXV: VGW) (OTCQX: VGWCF) (the “Company” or “Valens“), a cannabinoid-based product company with industry leading extraction, next generation cannabinoid delivery formats and an ISO 17025 accredited analytical lab, is pleased to announce that it has entered an amended manufacturing and sales licence agreement with SōRSE Technology Corporation (“SōRSE“) which grants Valens an exclusive licence for CanadaEuropeAustralia and Mexico to use the proprietary SōRSE emulsion technology (“the Technology“) to produce, market, package, sell and distribute cannabis-infused products (the “Agreement“).

“This Agreement shows Valens’ commitment to invest and broaden its IP portfolio and enable its customers to bring differentiated, next generation products to market,” said Jeff Fallows, President of Valens. “As we move into “Cannabis 2.0” in Canada, we believe the products that offer consistent, high quality and predictable user experiences, like those we are able to create with SōRSE, will capture the lion’s share of attention and be the hallmark for brand development in a strict regulatory environment. With this expanded agreement in place, we have extended this opportunity for our existing customers to key international markets and at the same time established a platform for international consumer brands to add high quality, cannabis infused products to their portfolios.”

The SōRSE Emulsion Technology

The SōRSE emulsion technology transforms cannabis oil into water-soluble forms for use in beverages, edibles, topicals and other consumer products without the burden of cannabis taste, colour or smell. The Technology allows these cannabis infused products to maintain potency when heated, chilled or frozen and provides a number of other key advantages as well, including: (1) a faster observed onset time compared to other infused beverages and edibles, (2) a significant reduction of offset time, (3) an ability to use lower doses of cannabinoids due to the enhanced bioavailability provided by the Technology, and (4) increased consistency and stability with some product formulations achieving more than one-year shelf stability with no evidence of separation.

“We are proud to expand our partnership with Valens and leverage their near-term access to various global markets,” says Howard Lee, CEO of SōRSE. “Over the last year, our team of more than 40 plus professionals has continued to actively focus on creating and developing innovative, desirable products and formats of consumption for cannabis consumers. As emulsion technology becomes more popular through new delivery methods such as ingestion, transdermal, topical and more, it is imperative that quality and safety in consumption leads all innovation in this sector. This is a shared value and mandate that our teams at SōRSE and Valens both prioritize. We look forward to continuing this working relationship with Valens and introducing our award-winning emulsion technology to the global markets.”

Geographic Expansion

The Agreement grants Valens an exclusive licence to use the Technology in CanadaEuropeAustralia and Mexico (except in respect of medical applications requiring clinical trials) during the initial 5-year term, subject to certain performance milestones. This increases the addressable market from 37 million in the current Canada only agreement to 700 million people in the new Agreement, an increase of almost 20x. Furthermore, the Agreement provides a framework for Valens to obtain rights to establish non-exclusive agreements to sell cannabis-infused products using the Technology in the U.S. market and other markets, globally.

Bolstering “Cannabis 2.0” Platform

With the expanded exclusivity, Valens and its white label clients are positioned to not only succeed in the Canadian market, but also in the rapidly emerging legal cannabis and hemp-derived CBD markets in EuropeAustraliaMexico and beyond. The Agreement adds to the Company’s leading white label product offerings across numerous “Cannabis 2.0” categories such as beverages, edibles, transdermal products and more, enabling Valens to better serve its current and future partners.

“We have seen incredible interest from our current and potential clients regarding the SōRSE emulsion technology and we are thrilled to finalize the expanded licence agreement with SōRSE,” said Tyler Robson, CEO of Valens. “We expect the expanded exclusive territory will provide our clients with improved visibility and greater opportunity as they look to build global businesses around cannabis-infused products over the long term.

This is an exciting time in the evolution of ingestible cannabis products such as beverages and edibles. Historically, ingestible products have been lacking the necessary technology to provide a consistent, predictable experience, ultimately giving little reason to consume in this manner. At Valens, we expect that properly formulated, extract-based cannabis products, and infused beverages in particular, could disrupt many established beverage categories such as soft drinks, sports drinks, value-added water and alcohol, the latter of which has a monthly spend per capita that is roughly 16 times higher compared to legal cannabis spend in Canada. We believe the ability to plan an occasion and predict the outcome of use will be a game changer in the market and be the catalyst to bring about the full market potential of cannabis infused beverages and edibles, globally.”

Future White Label Services

The Agreement furthers the existing relationship between Valens and SōRSE and enables Valens to produce and sell SōRSE’s portfolio of branded products in Canada and the other exclusive markets at the option of the Company. These branded products include Happy Apple, a cannabis-infused sparkling cider and Major, a cannabis-infused fruit drink, both recognized as top selling cannabis beverages in the State of Washington, Pearl20, a cannabis-infused food and beverage mixer, and the Utopia line of cannabis-infused sparkling water, among others.

Agreement Summary

The consideration at closing for the exclusivity in the expanded geography was US$10 million, comprised of US$6 million in cash and US$4 million to be issued in common shares of the Company (the “Common Shares“). The Agreement carries an initial 5-year exclusive term with a 2-year renewal of the exclusivity, subject to certain performance milestones related to operational and financial achievements (the “Milestones“). As part of the Agreement, Valens will transfer to SōRSE royalty payments calculated as a percentage of sales (the “Royalty Payments“) and the Royalty Payments will be subject to an annual minimum of $2 million over the 5-year term. The Agreement also provides for a continuation of the Agreement on a non-exclusive basis after the 2-year renewal, subject to annual minimum royalty payments.

All Common Shares pursuant to the Agreement were issued at an indicative price of CDN$3.0471, being the volume-weighted average price of the Common Shares on the TSX Venture Exchange (“TSXV“) for the ten (10) trading days ending December 9, 2019. The Agreement remains subject to approval from the TSXV. All Common Shares issued in connection with the Agreement will be subject to a restricted period of four months and one day. There are no finders’ fees payable by the Company in connection with the Agreement.

 

SOURCE Valens GroWorks Corp.

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Cannabis

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Energy Transfer LP, Grubhub, Aurora Cannabis, and The RealReal and Encourages Investors to Contact the Firm

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Bragar Eagel & Squire, P.C., a nationally recognized shareholder law firm, reminds investors that class action lawsuits have been commenced on behalf of stockholders of  Energy Transfer LP (NYSE: ET), Grubhub, Inc. (NYSE: GRUB), Aurora Cannabis, Inc. (NYSE: ACB), and The RealReal, Inc. (NASDAQ: REAL). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Energy Transfer LP (NYSE: ET)

Class Period: February 25, 2017 to November 11, 2019

Lead Plaintiff Deadline: January 20, 2020

On November 12, 2019, the Associated Press reported that Energy Transfer’s Mariner East pipeline project was under investigation by the Federal Bureau of Investigation (“FBI”). Citing interviews with current and former state employees, the Associated Press reported that the FBI’s investigation “involves the permitting of the pipeline, whether [Pennsylvania Governor Tom] Wolf and his administration forced environmental protection staff to approve construction permits and whether Wolf or his administration received anything in return.”

On this news, Energy Transfer’s stock price fell $0.81 per share, or 6.77%, over the following two trading sessions, closing at $11.16 per share on November 13, 2019.

The complaint, filed on November 20, 2019, alleges that throughout the Class Period, defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the company’s business, operational and compliance policies. Specifically, defendants made false and/or misleading statements and/or failed to disclose that: (i) Energy Transfer’s permits to conduct the Mariner East pipeline project in Pennsylvania were secured via bribery and/or other improper conduct; (ii) the foregoing misconduct increased the risk that the Company and/or certain of its employees would be subject to government and/or regulatory action; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

 

SOURCE Bragar Eagel & Squire, P.C.

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Cannabis

iX Biopharma secures Australian cannabis manufacture licence

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Specialty pharmaceutical company iX Biopharma Ltd (SGX:42C) (“iX Biopharma” or, together with its subsidiaries, “the Group”) is pleased to announce today that its wholly-owned subsidiary, iX Syrinx (“Syrinx”), has been awarded a cannabis manufacture license from the Australian Office of Drug Control under the Narcotics Drugs Act 1967. Under the said licence, the Group is permitted to manufacture and supply extracts and tinctures of cannabis and cannabis resins.

This marks a significant milestone for the Group. Syrinx operates a TGA cGMP certified facility and holds import and export licences for cannabis and State poisons licences; together with the newly granted cannabis manufacture licence, the Group is now able to fully participate in the global medicinal cannabis business.

Importantly, the Group will be able to manufacture and distribute its newly formulated Xativa™ sublingual cannabis wafers in Australia through the Australian Special Access Scheme and in overseas markets. Xativa™ leverages on iX Biopharma’s novel and patented WaferiX™ technology to improve the speed and level of absorption and predictability of effect of medicinal cannabis. Xativa™ provides patients with a more elegant and discreet way to consume medicinal cannabis compared to existing dosage forms for cannabis such as joints, vapes and tinctures, and hence offers a superior user experience. The Group has received feedback from physicians in Australia that the advantages of Xativa™ and its differentiation from the rest of the market offerings are clear and highly desired.

Produced via iX Biopharma’s proprietary freeze-drying technique, the porous and amorphous WaferiX™ matrix holding the active CBD molecules is designed to collapse quickly within the sublingual space. The actives are then transported rapidly across the sublingual membrane into the blood vessels for a rapid onset of action.

“Globally, the use of cannabis for the treatment of a wide range of medical conditions has been growing at an exponential pace. The grant of the cannabis manufacturing licence has come at a most opportune time, allowing us to manufacture, distribute and promote Xativa™ as the gold standard in medicinal cannabis delivery, thereby charting a new growth trajectory for the Group,” said Ms Eva Tan, Director of Corporate and Commercial Strategy of iX Biopharma.

 

SOURCE iX Biopharma Ltd

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