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Frost & Sullivan Names IBM security in Asia-Pacific supplier of the year in assorted classes
July 13, 2017 @ four:00 AM
Share Frost & Sullivan Names IBM safety in Asia-Pacific seller of the 12 months in distinctive classes on Twitter participate Frost & Sullivan Names IBM protection in Asia-Pacific dealer of the yr in numerous categories on fb participate Frost & Sullivan Names IBM safety in Asia-Pacific supplier of the yr in dissimilar classes on LinkedIn
IBM protection in Asia-Pacific turned into recently awarded supplier of the year in numerous categories through analyst company Frost & Sullivan. For the past 14 years, these awards fill diagnosed extraordinary efficiency within the Asia-Pacific information and communication know-how (ICT) business.
business experts treasure IBM protection
IBM safety in Asia Pacific become awarded in birthright here two categories for 2017:
Asia-Pacific Intrusion Detection and Prevention systems
This award is in response to enterprise performance, technology innovation and choices, and establishment and achievements in Asia-Pacific. IBM security turned into mentioned for carrying on with its efforts to introduce added capabilities to its holistic choices.
The indigenous integration between IBM QRadar XGS with IBM cloud-based mostly sandbox, IBM QRadar SIEM and IBM X-force change — along side its potent industry institution in every key country in Asia-Pacific, including the emerging affiliation of Southeast Asian international locations (ASEAN) — has provided improved value to clients. IBM safety has secured its leadership position during this region via its continuous innovation of IBM protection network protection manager (NPM) as a imperative net-based mostly console to control IBM QRadar XGS appliances.
Asia-Pacific Cybersecurity Analytics Platform
IBM security has excelled in providing a platform with huge capabilities in cybersecurity analytics. It has been capable of give safety solutions with super wins throughout dissimilar verticals as well as innovation to deliver extended capabilities, similar to person behavior analytics, into the fold.
IBM has always accelerated its capabilities in constructing the cognitive safety operations center (SOC) through rapid integration of QRadar with Watson, which helps purchasers achieve an automated and cozy IT infrastructure.
Tags: IBM | IBM network security coverage | IBM QRadar SIEM | IBM security
Portfolio advertising supervisor, IBM
Anshul Garg is the Product advertising manager for IBM security functions, specializing in X-drive pink. Anshul has a grasp of...
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Share Frost & Sullivan Names IBM security in Asia-Pacific seller of the 12 months in distinctive classes on Twitter participate Frost & Sullivan Names IBM protection in Asia-Pacific supplier of the yr in distinctive categories on facebook participate Frost & Sullivan Names IBM security in Asia-Pacific dealer of the 12 months in dissimilar categories on LinkedIn
I simply received again from attending IBM believe in San Francisco. notwithstanding it was a brief shuttle throughout the country, i used to be inundated with IBM’s vision, overlaying themes from A (i.e. simulated intelligence) to Z (i.e. gadget Z) and every thing in between.
regardless of the wide-ranging discussion, IBM’s main focus changed into on three areas: 1) hybrid cloud, 2) advanced analytics, and three) security. as an instance, IBM’s hybrid cloud dialogue founded on digital transformation and leaned heavily on its pink Hat acquisition, whereas superior analytics covered simulated intelligence (AI), cognitive computing (Watson), neural networks, and so forth. To exhibit its capabilities in these areas, IBM paraded out valued clientele equivalent to Geico, Hyundai credit employer, and Santander bank, who are making a wager on IBM for online game-changing digital transformation initiatives.
IBM's cybersecurity plans
As for cybersecurity, here are just a few of my take-aways about IBM's plans:
now not exceedingly, IBM is all-in on cybersecurity services, which now account for greater than 50 percent of its cybersecurity profits. in line with ESG analysis (and lots of different industry sources), cybersecurity services growth will proceed to outpace products due to the international cybersecurity competencies scarcity. (observe: i'm an employee of ESG.) IBM is banking on this vogue through including team of workers, investing in backend programs and methods, and rolling out fresh service choices. as an instance, IBM is working with partners on a managed functions software the set indigenous partners improvement from IBM’s global supplies, analytics, and risk intelligence. average, IBM has a special probability to divorce itself from the pack and will become the de facto enterprise cybersecurity capabilities leader.
Most cybersecurity experts suppose of IBM QRadar as a SIEM, competing with the likes of ArcSight, LogRhythm, and Splunk. while this standpoint is correct, it minimizes its cost. QRadar is truly a security operations and analytics platform architecture (SOAPA). customers can exhaust QRadar as a security operations nexus, adding performance equivalent to network site visitors analysis (NTA), vulnerability management (VM), and consumer conduct analytics (UBA) to the core device. What’s more, QRadar presents several helper purposes, comparable to DNS analytics, most of which are free. at last, QRadar has thousands of customers every bit of over. IBM has some travail ahead birthright here – it should profit cybersecurity highway cred via advertising and marketing QRadar as a SOAPA offering and world cybersecurity neighborhood, in preference to a undeniable historical SIEM.
IBM is embracing protection “from the cloud.” for instance, QRadar on cloud (QROC) earnings grew over 20 %, demonstrating that valued clientele want the price of QRadar with out the infrastructure baggage of on-premises collectors, databases, servers, and so on. IBM is too poised to roll out its IBM security related (ICS) platform in Q2. in line with its minimalist communications, IBM hasn’t trumpeted the ICS initiative, however in my humble opinion, it represents a massive alternate in course. For ICS, IBM rewrote its safety purposes as microservices to build a basis of cloud integration and scale. thus, ICS applications will develop from discrete SaaS offerings to an built-in cloud-scale cybersecurity architecture over time. Oh, and ICS will near with loads of functions alternate options for every miniature thing from workforce augmentation to outsourcing. ICS has the edge to be a large deal for overwhelmed CISOs with world tasks and the exigency for gargantuan cybersecurity scale.
Resilient is an enterprise-category protection operations platform. When IBM bought Resilient systems just a few years in the past, it received a know-how chief however profile of ceded the jump buzz to different vendors. this is a shame. Resilient may additionally require a miniature greater travail than some of its rivals, however I find that consumers are the exhaust of Resilient to re-architect their security operations approaches and set up true and measurable safety operations metrics. To me, here's the set safety operations platforms exigency to depart – past quick automation and orchestration wins to anchoring security system re-engineering.
4 methods IBM can enrich its cybersecurity video game
IBM’s protection portfolio is relatively solid, and the enterprise seems to be greater energized than during the past. After attending IBM consider, I conclude fill just a few cybersecurity concepts for individuals in Armonk and Cambridge, Massachusetts:
while IBM account has a stalwart hybrid cloud theme, the IBM safety hybrid cloud memoir remains disjointed – an identification memoir here, a erudition protection memoir there, etc. This results in IBM being outflanked by cloud-savvy protection startups. IBM needs a cohesive, tightly built-in product providing and messaging framework birthright here.
IBM’s chance management services are stalwart however a miniature hidden. according to fresh ESG research, there is a turning out to be cyber possibility management hole between what company executives want and what cybersecurity specialists can convey. Given its trade abilities and relationships, IBM may quiet be doing more in the cyber chance administration space – at the product and services level.
intently related to #2, cybersecurity is in fact a boardroom-stage difficulty – specially for confidential IBM consumers. I locate that there is a disconnect between IBM’s company focal point on digital transformation, industry options, and hybrid clouds and its cybersecurity go-to-market, which remains centered inside the bits and bytes. once again, IBM is in a unique position to design out a more appropriate-down strategy (i.e. from the enterprise every bit of the course down to the know-how) and carry enterprise-centric cybersecurity options to customers.
IBM spent tens of millions of bucks on a Watson for a cybersecurity promoting crusade, however few cybersecurity professionals fill a clue about what Watson for cybersecurity is. The fits in Armonk should pump the advertising brakes and dedicate more toward market training with the aid of working with knowledgeable corporations reminiscent of ISSA, ISC2, SANS, the Infosec Institute, and many others.
In typical, Armonk ought to retain in understanding that the IBM brand is a advertising obstruction when competing for mindshare with providers dote CrowdStrike, FireEye, Palo Alto Networks, and so forth. hence, IBM protection exigency to travail more durable and smarter to regain the be cognizant out.
Many because of IBM for hosting me in San Francisco this week. I’ll be returned on the Moscone middle for RSA within the nictitate of a watch.
IBM QRadar is an commercial enterprise security assistance and event management (SIEM) product. It collects log information from an commercial enterprise, its network instruments, host assets and working techniques, purposes, vulnerabilities, and consumer activities and behaviors. IBM QRadar then performs precise-time evaluation of the log records and network flows to determine malicious recreation so it will too be stopped at once, fighting or minimizing distress to the organization.
The IBM QRadar SIEM can too be deployed as a hardware, software or virtual appliance-based product. The product structure comprises adventure processors for collecting, storing and analyzing event facts and suffer collectors for taking pictures and forwarding records. The SIEM product too comprises rush processors to assemble Layer 4 network flows, QFlow processors for performing abysmal packet inspection of Layer 7 utility site visitors, and centralized consoles for security Operations center (SOC) analysts to gain the most of when managing the SIEM. rush processors proffer an identical capabilities to adventure processors, but are for network flows, and consoles are for americans to utilize when using or managing the SIEM.
IBM QRadar SIEM portion models consist of here:
built-in (all-in-one) appliance
2100: up to one thousand events per 2d; up to 50,000 flows per minute; 1.5 terabytes (TB) storage
3105: up to 5000 routine per 2d; as much as 200,000 flows per minute; 6.2 TB storage
3128: up to 15,000 movements per 2nd; as much as 300,000 flows per minute; 40 TB storage
3105: 6.2 TB storage
3128: forty TB storage
1805: up to 5000 movements per 2nd; as much as 200,000 flows per minute; 6.2 TB storage
1828: up to 15,000 hobbies per second; up to 300,000 flows per minute; forty TB storage
1705: up to 600,000 flows per minute; 6.2 TB storage
1728: as much as 1.2 million flows per minute; forty TB storage
additionally, IBM QRadar can compile log movements and community rush facts from cloud-based purposes, and it can too be deployed as a SaaS offering on the IBM cloud where deployment and upkeep is outsourced.
additional protection capabilities
apart from the primary SIEM capabilities that enterprise SIEM items customarily supply, IBM QRadar SIEM additionally presents assist for hazard intelligence feeds. Optionally, an IBM QRadar SIEM can fill a license extension bought that makes it practicable for exhaust of IBM safety X-drive threat Intelligence, which identifies IP addresses and URLs which are linked to malicious endeavor. For each and every identified IP tackle or URL, the threat intelligence feed comprises a risk ranking and class, which can palliate an organization greater analyze and prioritize threats. IBM QRadar SIEM is a portion of the IBM QRadar security Intelligence Platform, which contains modules for risk management, vulnerability management, forensics evaluation and incident response.
IBM QRadar offers assist for a number of necessary compliance reporting requirements initiatives such because the medical health insurance Portability and Accountability Act ( HIPAA) and charge Card industry records security ordinary (PCI DSS), Gramm-Leach-Bliley Act (GLBA), North American electric powered Reliability agency (NERC) and Federal power Regulatory commission (FERC), Sarbanes–Oxley (SOX) and more. The product too presents a record builder wizard so safety groups can create customized studies.
Licensing and pricing
as a result of IBM QRadar SIEM is a modular product with numerous options per element, explaining its licensing and pricing in detail is outside the scope of this text, however the cost metric is frequently in keeping with utilization akin to log supply pursuits per 2d and network flows per minute. corporations interested in improved figuring out the alternate options can regain the newest pricing assistance for the entire purchasable IBM QRadar SIEM licenses right here.
IBM safety QRadar SIEM overview
IBM QRadar SIEM presents a modular, appliance-primarily based strategy to SIEM that can scale to meet the suffer log and network circulation monitoring and evaluation wants of most organizations. extra, integrated modules for chance and vulnerability administration, forensics analysis of packet captures, and incident response (from the lately received Resilient methods expertise) are additionally purchasable as alternate options, though they are not covered. The IBM QRadar SIEM additionally supports IBM X-force risk Intelligence and other third-birthday party probability intelligence feeds via STIX and TAXI to increase hazard detection. organizations interested in evaluating enterprise SIEM items may quiet acquire additional information about IBM QRadar SIEM with a view to palliate assess if it meets their necessities.
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Vormetric, a provider of enterprise data security for physical, virtual and cloud environments, has announced integration with IBM's QRadar Security Information and Event Management (SIEM), an automated analytics appliance for correlating events across enterprise environments to identify threats.
According to the companies, the integration feeds particular data access information from the Vormetric Data Security platform into IBM QRadar, and provides implementation tools as well as pre-built dashboards, reports and displays. The combined solution identifies unauthorized data access attempts – indicating accounts that depict a practicable threat – and includes capabilities to monitor and alert on data access patterns that may betoken the presence of an Advanced Persistent Threat (APT) or a malicious insider attack.
In addition to "out-of-the-box" security intelligence reports, dashboards and displays, search operations can immediately extract information from the log streams produced by Vormetric Transparent Encryption and the Vormetric Data Security Manager (DSM). In addition, a second flush of security is included to proffer the capability to "watch the watcher," detecting attacks against not only the data, but too against data security management infrastructure and accounts. Organizations can identify unusual and anomalous accesses patterns by security administrators that may betoken a malicious insider within the security organization, or a security administrative account that has been compromised.
"By combining their capabilities, organizations can enhance their data protection stance with automated data access pattern analysis, enabling them to identify potential threats to sensitive data at the source,” said Derek Tumulak, vice president of product management, Vormetric.
Vormetric’s fresh IBM's QRadar Security Information and Event Management integration follows the company’s recently announced integration with HP ArcSight and Splunk.
Nýherji presents the results of the third quarter and first nine months of 2017
Goods and services sold amounted to ISK 3,515 million in the third quarter (up 2.5% from Q3 2016) and ISK 11,120 million in first nine months of 2017 (up 5.4% from the first nine months of 2016) [Q3 2016: ISK 3,429 million, 9M 2016: ISK 10,555 million]
Gross profit of ISK 859 million (24.4%) in the third quarter and ISK 2,739 million (24.6%) for the first nine months of 2017 [Q3 2016: ISK 860 million (25.1%), 9M 2016: ISK 2,676 million (25.4%)]
EBITDA of ISK 229 million (6.5%) in the third quarter and ISK 682 million for the first nine months of 2017 (6.1%) [Q3 2016: ISK 247 million (7.2%), 9M 2016: ISK 686 million (6.5%)]
Net profit in the third quarter of ISK 29 million and ISK 266 million for the first nine months of 2017 [Q3 2016: ISK 93 million, 9M 2016: ISK 204 million]
Equity ratio was 45.2% at the halt of the third quarter versus 43.8% at the halt of the preceding quarter
Nýherji hf. acquires Timian Software ehf.
TM Software ehf. purchases the Dacoda software solution for car rental companies
Significant stake in Tempo ehf. set in formal sale process
Operating results for the first nine months of 2017
Income Statement – Key Figures
In ISK million
Goods and services sold
Cost of goods and services sold
Profit before fiscal income and fiscal expenses
Net fiscal expenses
Profit for the period
Translation differences, subsidiaries
Net profit for the period
Goods and services sold totalled ISK 11,120 million in the first nine months of the year, as compared to ISK 10,555 million over the same epoch in 2016, representing a year-on-year increase of 5.4%.
Gross profit was ISK 2,739 million (24.6%) in the first nine months of the year, as compared to ISK 2,676 million (25.4%) over the same epoch in 2016.
Operating costs totalled ISK 2,479 million for the first nine months of 2017 (22.3% of revenue), as compared to ISK 2,364 million (22.4% of revenue) over the same epoch in 2016.
Payroll and payroll-related costs as a percentage of revenue was 39.8% for the first nine months of 2017, as compared to 36.9% over the same epoch in 2016.
Net fiscal expenses were positive by ISK 22 million, as compared to net fiscal expenses of ISK 98 million in 2016. In the first quarter the company concluded a forward constrict for the sale of alien currencies as a partial hedge for industry units which generate revenues in alien currencies while having most of their costs in Icelandic krónur. Exchange rate gains from contracts are recorded under fiscal income.
EBITDA was ISK 682 million (6.1%) in the first nine months of the year, as compared to ISK 686 million (6.5%) over the same epoch in 2016.
Net earnings totalled ISK 266 million in the first nine months of the year, as compared to ISK 204 million over the same epoch in 2016.
Balance Sheet 30.09.2017
Balance Sheet 30.09.2017 – Key Figures
In ISK million
Total equity and liabilities
Working capital ratio
Current assets decreased by ISK 849 million from year-end 2016, from ISK 3,624 million to ISK 2,775 million. Cash on hand decreased by ISK 646 million during the period, primarily due to early repayment of interest-bearing loans. Accounts receivable and other receivables decreased by ISK 293 million during the period.
Interest-bearing debt decreased by ISK 512 million over the period, from ISK 2,028 million at year-end 2016 to ISK 1,516 million at the halt of the first nine months of 2017.
Trade and other receivables decreased by ISK 704 million from year-end 2016, from ISK 2,431 million at year-end 2016 to ISK 1,727 million at the halt of Q3 2017.
The equity ratio increased up to 45.2% at the halt of Q3 2017, up from 33.7% at year-end 2016.
The working capital ratio was 1.52 at the halt of Q3 2017, up from 1.42 at year-end 2016.
Cash rush 30.09.2017
Cash rush – Key Figures
In ISK million
Cash from operations
(Decrease) in cash
Effect of changes in alien exchange rates on cash
Cash at beginning of year
Cash at halt of period
Cash from operations totalled ISK 196 million at the halt of Q3 2017, as compared to ISK 765 million at the halt of Q3 2016. The dissimilarity may mainly be attributed to changes in operating assets and liabilities.
Investment activities amounted to ISK 521 million in the first nine months of the year, as compared to ISK 696 million over the same epoch in 2016. The dissimilarity can mainly be explained by less investment in fixed assets for the year so far as compared to the same epoch in 2016.
Financing activities amounted to ISK 321 million as compared to ISK 264 million in 2016.
Cash on hand at the halt of the epoch was ISK 226 million, as compared to ISK 500 million at the halt of the same epoch in 2016.
Operating results for Q3 2017
Quarterly Summary – Key Figures
In ISK million
Goods and services sold
Cost of goods and services sold
Net fiscal expenses
Profit for the period
Translation differences, subsidiaries
Net profit for the period
Goods and services sold totalled ISK 3,515 million in Q3 2017, compared with ISK 3,429 million over the same epoch in 2016, representing a year-on-year increase of 2.5%
Gross profit amounted to ISK 859 million (24.4%) in Q3 2017, as compared to ISK 860 million (25.1%) in Q3 2016.
Operating costs totalled ISK 774 million in Q3 2017 (22.0% of revenue), as compared to ISK 746 million (21.8% of revenue) in Q3 2016.
Net fiscal expenses amounted to ISK 83 million for the quarter, compared with ISK 16 million in the same quarter of 2016. In the first quarter the company concluded a forward constrict for the sale of alien currencies as a partial hedge for industry units which generate revenues in alien currencies while having most of their costs in Icelandic krónur. Exchange rate gains from contracts are recorded under fiscal income.
EBITDA was ISK 229 million (6.5%) in Q3, as compared to ISK 247 million (7.2%) in the same epoch ultimate year.
Net earnings in the third quarter amounted to ISK 29 million.
Nýherji, TM Software and Applicon to merge in the fresh year
Nýherji, which is an IT service company and the parent company of the group, occurred revenue tower by more than 10% in the quarter. The results were in line with expectations and slightly better than for the first half of the year, proportionally similar as ultimate year.
Sales of PC equipment from Lenovo to corporates were strong, while sales of audio and visual solutions from NEC, Bose and Sony to businesses and through Nýherji resellers grew more than 50%. Revenues from managed and consultancy services grew by 22% year-on-year in the third quarter and exact is strong. Sales of infrastructure equipment, servers and storage solutions continue to be robust, but remain unchanged year-on-year.
Revenues from Nýherji's software solutions rose substantially, almost 30% from the same epoch ultimate year. Security solutions such as QRadar from IBM are in stalwart demand, with such solutions having become a larger point of accent for Nýherji in recent years. The country's major fiscal services companies now exhaust QRadar to monitor their systems, with such monitoring about to become even more necessary when fresh EU rules on date protection (GDPR) near into force. Other solutions offered by Nýherji for the purpose of supporting the implementation of GDPR and character management systems cumulate plenty of interest, including CCQ (Cloud Compliance & Quality), which is a fresh cloud solution for character management processes.
At the beginning of next year, Nýherji will merge with two of its subsidiaries, TM Software and Applicon. This change will simplify the group's organisational structure and solution offering, improve service to customers and promote further growth. The merger will enable the group to reduce infrastructure costs, harmonise travail processes and gain better exhaust of staff.
Despite a solid position there are various challenges on the horizon. In line with the global trend, recent years fill seen greater competition from alien IT companies which are increasingly marketing their services and solutions in Iceland. This is an ever-present challenge for Icelandic IT companies. At the same time, fluctuations in the price of the Icelandic króna fill generally had a negative impact on the group's operations. Rises in wages are too a major issue, but efforts fill been made to reduce payroll costs, the plenary results of which are expected to be seen in the first quarter of 2018.
The outlook for the operations of Nýherji is good. exact for IT solutions is expected to remain stalwart and further growth is expected in the outsourcing of IT operations by businesses and institutions.
TM Software widens its solution offering for companies in the tourism industry
TM Software posted revenues of ISK 280 million in the third quarter, a 2% increase from the same epoch ultimate year. The results are in line with expectations. Revenues for the year total ISK 897 million thus far, an increase of 5.5% from the previous year.
TM Software has acquired the Dacoda software solution for car rental companies, in addition to developing its own car rental solution, Driver Guide, a fleet management and navigation system for car rental companies and their customers. TM Software recognizes significant opportunities and synergies between the fresh solution and Driver Guide. TM Software's car rental solutions will be marketed under the appellation Caren.
The project pipeline is robust in most areas and the outlook for operations is good.
Continued revenue growth at Tempo
Tempo, which develops a time tracking solution of the same name, posted revenues of USD 12.6 million for the first nine months of the year, representing a year-on-year increase of 34% (in USD). The third quarter revenue was USD 4.2 million, up 33% (in USD) from the previous year. This rapid tower in revenues has been the memoir for Tempo since its foundation, with its clients now comprising over 11 thousand businesses and institutions of every bit of types and sizes, in every bit of industries, in more than 110 countries. The company works closely with 120 partners on the sale and servicing of the software, with its partners now generating a significant portion of fresh sales. Tempo employs about 100 people, including 32 in North-America.
The success of Tempo comes primarily from the improvements in production and efficiency that customers can achieve by using Tempo Timesheets, Planner and Budget, the company's main solutions. From the beginning Tempo has worked closely with Atlassian, the developer of JIRA travail orders and the service system supported by the Tempo solution. At the Atlassian-Summit in San Jose in September, Tempo presented Tempo Cloud for JIRA, as well as connections to cloud services such as Slack and Google. The fresh solution is based on Tempo's own cloud environment in AWS (Amazon Web Services), offering opportunities for product development and growth through direct sales to customers regardless of whether they exhaust JIRA from Atlassian or other cloud solutions. Tempo Cloud for JIRA is expected to continue to drive stalwart revenue growth at Tempo, both through products from Atlassian and in fresh markets.
For the past year, the investment bank AGC Partners has been consulting Nýherji and Tempo regarding the proposed sale of a stake in the company. As portion of that process, Tempo management team gave presentations at investment conferences in San Francisco and London. AGC will now supervene up on this by placing a significant stake in Tempo in a formal sale process. The goal of the sale is to bring into the company a confederate with erudition of how to build a global software operation. This will promote further growth and success for Tempo while too creating more value for owners and customers alike.
Good results at Applicon Iceland
The results of Applicon Iceland, which develops and sells industry solutions, were edifying and in line with expectations. Applicon had total revenues of ISK 267 million in the third quarter, which is slightly lower than the same epoch ultimate year, but revenues in the third quarter of 2016 were unusually high due to very large contracts for the sale of software from SAP and Applicon's own software. In the first nine months of the year, revenues totalled ISK 887 million, up 4% from the previous year. Earnings for the quarter were similar as in 2016 but earnings as a percentage of revenues were higher. The operations are stable, with steady growth in subscription income from human resource and payroll solutions, edifying utilisation of consultants and innovation. The project pipeline is stalwart and diverse. The outlook for sales is good.
In early October, the acquisition of the entire participate capital of Timian Software ehf. was finalised. Timian Software develops and implements a industry solution of the same name, an electronic purchasing system which connects buyers to suppliers, making purchases more efficient and transparent. The company fits well with Applicon's existing industry and there are opportunities of growth with respect to the company's other solutions and in cross-selling to customers of Applicon and Nýherji.
Good results at Applicon Sweden
Applicon Sweden, which specialises in consultancy and implementation of industry solutions for banks and fiscal services companies, is currently engaged in large projects for SBAB Bank and Landshypotek Bank. The company had revenues of SEK 66 million in the first nine months of the year and results from operations were solid. Third quarter revenues amounted to SEK 18 million, decreasing substantially from the same epoch in the previous year. The reduce may be attributed to a very large software sale which was recorded in the third quarter of ultimate year. However, service revenues rose year-on-year, up 10% in the quarter. exact for services remains strong, among existing clients. The outlook is sturdy, growth is expected to continue and more staff is expected to be hired.
Operating prospects for the Nýherji group are good. Continued moderate growth of revenues is anticipated with a similar return on operation as seen in recent quarters.
At the halt of Q3 2017, the company had a market cap of ISK 12,978 million. The participate price closed at ISK 28.3 at the halt of the quarter. Outstanding shares were 459 million as of 30 September 2017 with a total of 592 shareholders.
31.01.2018 Fourth quarter and annual results 2018.
02.03.2018 Annual general Meeting, 2017.
Approval of fiscal Results
This interim statement was approved at a meeting of the Board of Directors of Nýherji hf. on 25 October 2017. Nýherji hf.’s fiscal statements comply with International fiscal Reporting Standards (IFRS).
Nýherji is a group of companies in the IT sector. Nýjerji is a service provider which aims to palliate customers achieve improvements in their operations through IT technology, the expertise of their staff and springy service. Nýherji hf.’s shares are listed on NASDAQ OMX Iceland hf. under the ticker symbol NYHR.
The Board of Directors of Nýherji comprises Ívar Kristjánsson, Chairman, Hildur Dungal, Emilía Thórdardóttir, Loftur Bjarni Gíslason and Gudmundur Jóhann Jónsson. Hjalti Thórarinsson is an alternate member of the Board. The CEO of Nýherji hf. is Finnur Oddsson.
Forward-looking statements contained in this press release may be based on management’s current estimates and expectations, and not on facts that may be verified after its publication. Such statements are inherently uncertain. They therefore caution the reader that there are a variety of factors that could occasions industry conditions and results to differ materially from what is contained in their forward-looking statements, and that they conclude not undertake to update any forward-looking statements. These forward-looking statements speak only as of the date of this presentation and are qualified in their entirety by this cautionary statement.
View source version on businesswire.com: https://www.businesswire.com/news/home/20171127005153/en/
OTTAWA, ON -- (Marketwired) -- 07/21/17 -- Black Hat USA 2017 Booth #774 -- Black Hat USA 2017 exhibitor Interset is addressing one of the most pressing concerns facing security teams: how to manage a flood of time-consuming incorrect positives while expanding threat visibility to cover backend, network and endpoint threat surfaces. At next week's Black Hat conference in Las Vegas, Interset will demonstrate fresh Network Analytics and Visibility (NAV) capabilities, making Interset's the first exact gargantuan data security analytics solution to apply machine learning and AI-based threat detection across user, file, machine, endpoint and network behaviors. This offers enterprises with faultfinding systems and sensitive data to protect the most complete and scalable automated threat detection solution available.
Growing Market MomentumInterset is experiencing hyper growth in 2017 as security teams glimpse to add automated, smart threat detection to thwart a growing number of sophisticated attacks; in Q2 the company added a host of fresh customers in the fiscal services, technology and utilities industries, together with fresh OEM and MSSP partnerships contributing to revenue more than doubling year over year. This growth, combined with successful customer rollouts, a growing strategic OEM business, and a highly successful partnership with U.S. intelligence community investor In-Q-Tel, has Interset simultaneously expanding its territory deployment team and increasing the industry-leading capabilities of its Interset Security Analytics Platform.
Many of Interset's fresh customers are replacing first-generation UEBA tools. As companies gain suffer with machine learning and analytics, many realize that a exact gargantuan data platform with more comprehensive data feeds permits scalability and coverage of an expanding number of exhaust cases. gargantuan data architectures must be used for more than storage, they must too power analytics engines.
Use case coverage across fresh customers has included insider fraud detection for a fiscal services customer, cyber-attack detection for a regional utility company, and compromised account detection of privileged accounts at a US Defense contractor.
Interset recently completed a rollout at a Fortune 500 utility company, where its scalable, out-of-the-box security analytics solution helped avoid high-cost customization travail and reduced the number of security products required. The deployment comes at a time when security professionals fill voiced growing concerns that US faultfinding infrastructure will be breached by a cyber assault within the next two years, according to a recent Black Hat attendee survey.
Read the case study: Interset Security Analytics Provide melodramatic Threat Visibility Gains for U.S. Utility Company.
"Interset has become essential in automating the detection, analysis, categorization, and prioritization of hidden threats and high-risk events across the network. Interset is a premier confederate within their Cyber protection ecosystem," said Javier Gonzalez, Cyber Strategist, ATOS North America. Atos recently launched its prescriptive Security Operations center (SOC), which leverages the McAfee Open Data Exchange Layer (Open-DXL) to enhance automation, orchestration and the immediate reactivity of security responses in order to eradicate fragmented and time-consuming manual security responses. Interset worked with McAfee to integrate its solution via DXL for the utility customer deployment and was named McAfee Innovation Alliance 2017 DEVCON Rookie of the Year.
Shift to Internal ThreatsInterset's rapid growth is the result of increasing pressure to change cybersecurity approaches across industries. While the perimeter of an enterprise has been the focus of security over the past 20+ years, an inability to stop cyberattacks has shifted that focus to internal threat detection. The exigency to monitor east-west network traffic for threats has become a faultfinding portion of any internally-focused solution. Yet, traditional, rules-based approaches fill failed due to massive issues with incorrect positive and impoverished scalability. The arrival of gargantuan data architectures and increasingly accurate automated threat detection using machine learning and simulated intelligence has enabled Security Analytics companies dote Interset to palliate security teams operationalize an effective internal threat detection program.
According to Forrester's industry Technographics Global Security 2016 survey, 81% of enterprises with 1,000 or more employees are implementing or expanding their security analytics and/or security information management (SIM) solutions or fill implementation plans for 2017.(1)
"Interset is unique in applying unsupervised machine learning and a 'connect the dots' approach to detect event anomalies and associate them with the entities involved to reduce clamor and incorrect positives," said Interset CEO upshot Smialowicz. "With the addition of Network Analytics and Visibility, customers can deploy this solution not only for users, files, and endpoints but networks in a sole platform. This improves customers' threat visibility while reducing products required."
Added Smialowicz, "Learning from their nearby customer partnerships and real-world deployment experience, they strongly disagree with the 'dump your SIEM' approach of some UEBA vendors. Interset is instead focusing on integrating into and greatly improving the operations and efficiency of existing security investments. Their goal is to add a layer of smart analytics to existing security infrastructure, improving ROI and bringing security programs to life. To that end, they will publish several associated technology partnerships in the coming months," he added.
Schedule a meeting or survey Interset at Black Hat USA Booth 774 Mandalay Bay in Las Vegas, Nevada, July 24-27, 2017.
About IntersetInterset provides highly intelligent, accurate insider and targeted outsider threat detection. Their solution unlocks the power of user behavioral analytics, machine learning, and gargantuan data to provide the fastest, most flexible, and efficient course for IT teams to operationalize a data-protection program. Utilizing agentless data collectors, lightweight endpoint sensors, advanced behavioral analytics, and an intuitive user interface, Interset provides unparalleled visibility to high-risk events. This enables early assault detection and actionable forensic intelligence with reduced incorrect positives and noise. Interset solutions are deployed to protect faultfinding data across the manufacturing, life sciences, high-tech, finance, government, aerospace and defense, and securities brokerage industries. For more information, visit Interset.com and supervene us on Twitter @intersetca.
(1) Source: The Forrester Wave: Security Analytics Platforms, Q1 2017
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