Category: PRESS RELEASES

The SaaS solution identifies the risk of human rights violations within supply chains in response to the Uyghur Forced Labor Prevention Act

FORT WALTON BEACH, Fla., June 07, 2022 (GLOBE NEWSWIRE) — Source Intelligence, the industry-leading SaaS company for supply chain compliance and transparency, announces the release of its Human Rights Assessment (HRA) solution to prepare companies for the enforcement of the Uyghur Forced Labor Prevention Act (UFLPA). While the HRA solution was created in response to the UFLPA, its functionality is universal, encompassing a vast number of regulations worldwide.

“Per the rebuttable presumption, goods produced in Xinjiang, China are automatically presumed to be made with forced labor. When the UFLPA becomes effective on June 21, 2022, all products from that region will be detained in customs,” explains Mike Flynn, Chief Product Officer. “We set out to create a solution to help our customers remain compliant with this new regulation.”

The HRA solution layers a multi-tier supplier assessment with a proprietary risk scoring algorithm and geographic regional risk overlay to provide users with a single, comprehensive supply chain view. The supplier risk data enables companies to immediately develop an action plan and due diligence program to remain compliant with a growing list of human rights due diligence laws.

“Most companies do not know who their suppliers are or how they are operating, which means they cannot fully comply with forced labor regulations,” says Jackie Madarang, Director of Product and Regulatory Compliance. “The purpose of the HRA solution is to gather and evaluate supplier data to find the highest risk of human rights violations regardless of industry, region or regulation.”

The HRA supplier assessment uses universal principles and requirements for human rights protection and identifies areas of risk for human rights violations with the supplier’s operations and their supply chain locations. The evaluated areas include supply chain tracing, universal principles, global regulations, policies and practices, country, and region. With all five of these assessment areas, the solution is the most comprehensive on the market.

“Bottom line – the purpose of the HRA solution is to protect people,” states Madarang. “As part of responsible business conduct and a human rights due diligence process, it’s designed to identify and stop human rights abuses.”

The Source Intelligence Human Rights Assessment solution is available now and is recommended to be implemented as soon as possible, as the UFLPA, in addition to current regulations, will restrict products presumed to be made with forced labor from entering the U.S. To learn more about human rights regulations, interested parties are encouraged to contact Source Intelligence and request a demonstration.

About Source Intelligence: Source Intelligence is the leading provider of SaaS Supply Chain Compliance solutions with over 100 years of regulatory and compliance expertise. Source Intelligence solutions are backed by industry experts to gather and validate supply chain data for over 300,000 companies for regulatory compliance, risk management, and ESG initiatives.

Press Contact: Amanda Lindberg, Director of Marketing

Phone: 877.916.6337

Email: amanda.lindberg@sourceintel.com

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Establishes Sumo Logic Threat Labs Unit to deliver accelerated detection for modern threats at cloud scaleThreat Labs

SAN FRANCISCO, June 07, 2022 (GLOBE NEWSWIRE) — RSA Conference – Sumo Logic (NASDAQ: SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today unveiled Sumo Logic Threat Labs, a threat research and security detection unit. The Threat Labs unit is among the expanded services and tools from Sumo Logic to help customers modernize security operations and achieve greater cyber-resilience. Sumo Logic will showcase the functionality of its security intelligence solutions from Booth #5463 at the RSA Conference 2022 this week in San Francisco.

The Sumo Logic Threat Labs Unit is built to deliver a continuous stream of deep detection content, rapid response guidance, and actionable best practices to Sumo Logic security customers. The team is staffed with domain experts with backgrounds in forensics, incident response, and red/blue teaming, as well as offensive and defensive cyber operations in the United States military and intelligence services. Informed by deep human expertise, the Threat Labs Unit will also play a larger role in contributing advanced detection logic and best practices to the security community to help collectivize the defense.

Dave Frampton, VP/GM, Sumo Logic Security Business Unit:
“Our Threat Labs Unit will contribute actionable insights to our customers from leading-edge threat research, we will also share insight with the community to improve the industry’s collective defense. Our deep and diverse practitioner expertise translates into advanced detection coverage delivered in a unique SaaS model which combines real-time global updates with deployment customization for individual customers.”

Translating Threat Research into Proactive Defense
Modern threat surfaces also encompass application security at every layer of the stack. Customers need end-to-end workflows coordinated across detection, investigation and response efforts. Threat Labs insights are delivered across the Sumo Logic security portfolio, ranging from detection and investigation in Cloud SIEM to automated threat response in Cloud SOAR. In its SaaS delivery platform, Sumo Logic updates detection content for all customers at least twice weekly, to shorten the cycle time from research to concrete defense adaption in environments where every minute counts.

Sumo Logic Threat Labs in Action
As first reported in the media in April, the very first malware exploiting serverless computing was found in the wild creating crypto-miner instances in AWS Lambda. Called Denonia, this cutting-edge malware requires a holistic approach to detection, investigation, and response. The Threat Labs Unit performed research and detection engineering on the Sumo Logic platform. The team then generated content for detection in Cloud SIEM, delivered analysis and hunting across the platform, and orchestrated the response in Cloud SOAR all in one workflow.

Learn about the latest contributions from the Sumo Logic Threat Labs Unit:

• Learn about Denonia: Security in a Serverless World
• Contribution from Threat Labs for Customers: Log4Shell CVE-2021-44228
• Contribution from Threat Labs for the Community: Mind your Single Sign-On (SSO) logs
• Proactive Contribution for the Community: Weaponizing paranoia: developing a threat detection strategy
• Report with eSentire: Strengthening the Detection of Software Supply Chain Attacks

About Sumo Logic
Sumo Logic, Inc. (NASDAQ: SUMO) empowers the people who power modern, digital business. Through its SaaS analytics platform, Sumo Logic enables customers to deliver reliable and secure cloud-native applications. The Sumo Logic Continuous Intelligence Platform™ helps practitioners and developers ensure application reliability, secure and protect against modern security threats, and gain insights into their cloud infrastructures. Customers around the world rely on Sumo Logic to get powerful real-time analytics and insights across observability and security solutions for their cloud-native applications. For more information, visit www.sumologic.com.

Sumo Logic is a trademark or registered trademark of Sumo Logic in the United States and in foreign countries. All other company and product names may be trademarks or registered trademarks of their respective owners.

Any information regarding offerings, updates, functionality, or other modifications, including release dates, is subject to change without notice. The development, release, and timing of any offering, update, functionality, or modification described herein remains at the sole discretion of Sumo Logic, and should not be relied upon in making a purchase decision, nor as a representation, warranty, or commitment to deliver specific offerings, updates, functionalities, or modifications in the future.

Media Contact
Carmen Harris, Sumo Logic
charris@sumologic.com
(469) 534-3069

Jenna Shikoff
RH Strategic
SumoLogicPR@RHStrategic.com
(267) 300-7190

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Veteran technology leader will further align the company to drive increased value for global customers

FLORHAM PARK, N.J., June 07, 2022 (GLOBE NEWSWIRE) — TrueCommerce, a global provider of trading partner connectivity, integration, and unified commerce solutions, announced today that Randy Curran has been appointed as Chief Executive Officer and a member of the Board of Directors, effective June 1, 2022.

“We’re incredibly proud of the growth TrueCommerce has experienced,” said Ryan Harper, General Partner for Welsh, Carson, Anderson & Stowe (WCAS) and member of the TrueCommerce Board of Directors. “We’re confident TrueCommerce will accelerate this upward trajectory under Randy’s guidance. He is a proven leader with an extensive background in leading companies into their next stages of growth and operational excellence.”

TrueCommerce’s growth is attributed to several factors. With its acquisition of DiCentral, the company doubled its headcount, increased its customer base by 40%, and expanded its presence across the Americas, Europe, and Asia Pacific. It also invested in its global platform and product development, experiencing a 24% increase in total connections to its global network year over year and a 25% increase in overall data volume on the TrueCommerce Commerce Network compared to 2020.

Mr. Curran is a long-time technology leader with decades of experience transforming and propelling high-growth, international companies to success. He most recently served as an Operating Partner for WCAS, a leading U.S. private equity firm and majority stakeholder of TrueCommerce. Prior to Welsh Carson, Mr. Curran served as CEO for OHL, Inc. (later purchased by GEODIS), the fourth-largest third-party logistics warehouse (3PL) in the U.S., where he created alignment among the management team and led the enhancement of information systems that serviced customers and employees. Mr. Curran also held CEO roles at ITC^Deltacom, Inc. (now Deltacom), ICG Communications, and Thermadyne Holdings, Inc. He graduated from DePauw University with a B.A. in Economics and has an MBA from Loyola University.

“TrueCommerce is at the forefront of the supply chain technology market, and in a global economy that necessitates reliable, seamless supply chain solutions, the growth opportunities for the company are tremendous,” said Mr. Curran. “I’m honored to join this talented team to drive home the alignment of customer success, implementation, support, and making TrueCommerce a destination employer.”

About Welsh, Carson, Anderson & Stowe
WCAS is a leading U.S. private equity firm focused on two target industries: healthcare and technology. Since its founding in 1979, the firm’s strategy has been to partner with outstanding management teams and build value for its investors through a combination of operational improvements, growth initiatives, and strategic acquisitions. The firm has raised and managed funds totaling over $27 billion of committed capital. For more information, please visit www.wcas.com.

About TrueCommerce
TrueCommerce is the most complete way to connect your business across the supply chain, integrating everything from EDI, to inventory management, to fulfillment, to digital storefronts and marketplaces. We’ve revolutionized supply chain visibility and collaboration by helping organizations make the most of their omnichannel initiatives via business P2P connectivity, order management, collaborative replenishment, intelligent fulfillment, cross-functional analytics, and product information management.

The TrueCommerce Global Commerce Network can connect businesses to over 160,000 retailers, distributors, and logistics service providers. As a fully managed services provider, we also manage new trading partner onboarding, as well as the ongoing management of partner-specific mapping, labeling changes, and communications monitoring. That’s why thousands of companies—ranging from startups to the global Fortune 100, across various industries—rely on us.

TrueCommerce: Do business in every direction
For more information, visit https://www.truecommerce.com.

Media Contact
Yegor Kuznetsov
Director, Marketing Communications
1-703-209-0167
yegor.kuznetsov@truecommerce.com

Enterprise B2B payments leader TIS announces the successful arrangement of a new debt facility with Kreos Capital providing access to €50 million for growth.

HEIDELBERG, Germany, June 07, 2022 (GLOBE NEWSWIRE) — Today, enterprise B2B payments leader Treasury Intelligence Solutions (TIS) announced the successful arrangement of a new debt facility with Kreos Capital that will provide up to €50 million in financing. Kreos Capital, the leading growth debt provider in Europe, facilitated the deal to provide TIS with additional funding to execute a variety of strategic initiatives involving new product innovations, potential acquisitions, and continued geographic expansion.

The debt financing, closed in early May, gives TIS access to an attractive pool of liquidity that will be deployed to sustain their continued expansion plans and comes on top of $40 million in equity financing raised previously. The decision was approved unanimously by TIS’ Board and institutional shareholders.

According to Erik Masing, CEO of TIS, “Working with Kreos creates the ideal conditions for pursuing the company’s aggressive business objectives. The funding comes at the perfect time for TIS as we look to expand our geographic footprint, push into new verticals, and extend core platform capabilities. We look forward to working with Kreos on executing our strategy.”

TIS CFO Bastienne Foeller echoed Erik’s sentiments, commenting, “Approval of this loan facility by TIS’ board and financial sponsors reflects a high level of confidence in the strength of our business, the capabilities of our team, and our overall strategy. With Kreos as our financing partner, TIS will have the ability to swiftly execute our strategic initiatives while having the flexibility to respond to new opportunities as they arise.”

For Kreos Capital, TIS represents both an early investment from Kreos’ seventh investment fund, and an ideal business partner to support with financing due to their consistent track record of growth. Highlighting TIS’ solid track record and prospects for future success, Sean Dunne, General Partner of Kreos Capital, added, “TIS is an industry leader in enterprise B2B payments, cash management, and fraud prevention solutions and continues to gain widespread market traction. We look forward to working with the management team to achieve their growth objectives.”

For more information regarding this announcement, please contact TIS.

Press Contact

Jennifer Knutel, VP Marketing U.S.
Treasury Intelligence Solutions (TIS)
+1 978.875.2085
jennifer.knutel@tispayments.com

About Kreos Capital

Kreos Capital is the leading growth debt provider in Europe and Israel, backing high-growth companies through every stage of their life cycle. Kreos targets investments in all areas of the Technology and Healthcare sectors and, to date, has committed in excess of €3.9 billion in more than 690 portfolio company transactions, across 17 countries. With over €2.0 billion in current funds under management, Kreos can invest between €2 million and €100 million per transaction in both public and private companies across stages. Learn more at www.kreoscapital.com.

About TIS

TIS is reimagining the world of enterprise payments through a cloud-based platform uniquely designed to help global organizations optimize outbound payments. Corporations, banks, and business vendors leverage TIS to transform how they connect global accounts, collaborate on payment processes, execute outbound payments, analyze cash flow and compliance data, and improve critical outbound payment functions. With $2 trillion in payments processed annually, the TIS corporate payments technology platform helps businesses improve operational efficiency, lower risk, manage liquidity, gain a strategic advantage, and ultimately achieve enterprise payment optimization. Visit us for more information at www.tispayments.com.

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New “Shop NFT” to be added for pre-sale

SINGAPORE, June 07, 2022 (GLOBE NEWSWIRE) — Singapore-based GameFi ecosystem, Digital Entertainment Asset Pte. Ltd. (DEA), today announced the launch of its new blockchain game “Cookin’ Burger” on its PlayMining ecosystem on Thursday, June 30, 2022.

Prior to the launch of the “Cookin’ Burger,” additional “Shop NFT” of the Secondhand Food Carts for in-game use will be available in the “PlayMining NFT” starting on Friday, June 10 at 11:00 (UTC＋8).

DEA is committed to providing “fun” and “surprises” to users around the world through a variety of content. We will continue to expand the game titles in “PlayMining” in the future.

About Cookin’ Burger

The “Cookin’ Burger” is a multi-tasking cooking game in which you play the role of a burger shop worker, taking orders from various types of customers and serving them accurately and speedily in order to boost the shop’s reputation. Players can become shop owners in the game by purchasing shop NFTs consisting of various grades. Through the gameplay, players can build up their shop’s reputation and earn DEAPcoins based on their ranking.

For a detailed game overview of “Cookin’ Burger” please click here.

Presale overview of the “Shop NFT” of the Secondhand Food Carts 

The presale of the “Shop NFT” of the Secondhand Food Carts will begin on Friday, June 10 at 11:00 (UTC＋8).

You can select a combination of the category (Food Cart) x the rank (Secondhand) x the menu (Japanese, Western, Chinese) x the location (City, Countryside, Beach).

・Category: Food Cart
・Rank: Secondhand
・Menu: Japanese, Western, Chinese
・Location: City, Countryside, Beach

Example of NFT lineup

Food Cart “Fuji”-JCISH：If you wish to open a “Secondhand” “Food Cart” serving “Japanese style” menu in a “City” area, please select this NFT.

Food Cart “Star”-WBESH：If you wish to open a “Secondhand” “Food Truck” serving a “Western” menu at the “Beach”, please select this NFT.

Sales period
・Friday, June 10, 2022, 11:00 (UTC＋8) – until game launch

Sales Price
・Food Cart (Secondhand) : 1,000 DEP

Special site
For more information on the NFTs on sale, please visit the special website below.
https://www.cookinburger.com/en/?rid=pUJxuBCp

Information
The Latest news on “Cookin’ Burger” can be obtained in the following addresses.

-Special site：https://www.cookinburger.com/en/?rid=pUJxuBCp
-Twitter：https://twitter.com/PlayMining_SG
-Discord：https://discord.com/invite/UcEAuyZGCV

■Digital Entertainment Asset Pte. Ltd. | https://dea.sg/jp
DEA, a GameFi platform business, was founded in Singapore in August 2018, and is developing “JobTribes”, a Play to Earn game and “PlayMining NFT”, an NFT marketplace. Using blockchain technology, the company aims to realize a world where one can create value by having fun.

Co-CEO: Naohito Yoshida, Kozo Yamada
Location: 7 Straits View, Marina One East Tower,#05-01,Singapore 018936
Establishment: August 2018
Business description: GameFi platform business

Contact Information
Digital Entertainment Asset Pte Ltd
Public Relation: Takasugi ｜tomoyuki_takasugi@dea.sg / Soeda｜soeda@dea.sg

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Integration with Remote allows startups to find global candidates through AngelList Talent’s platform and seamlessly onboard them through Remote’s employer of record services

SAN FRANCISCO, June 07, 2022 (GLOBE NEWSWIRE) — Remote, a leader in building, managing and supporting global, distributed workforces, today announced that any AngelList Talent customer can now hire global employees through Remote directly from the AngelList Talent platform. The new integration means startups can effortlessly recruit, hire, onboard, and pay people in more than 60 countries, enabling them to more easily scale their teams with top remote tech talent.

Startups using AngelList Talent to find qualified and ready-to-interview technical candidates now have the ability to hire around the world as easily as they do at home. AngelList Talent customers can sign up for Remote’s Employer of Record services, sync new hires from their platform into Remote for faster onboarding, and see new hires’ onboarding status directly from the AngelList Talent platform.

“Startups should never have to turn down incredible candidates simply because they live in another country – especially in today’s world of work,” said Christine Luo, Head of Product at AngelList Talent. “We’re proud to have already helped facilitate more remote hires than any other niche job site. By integrating with Remote, we’re excited to enable even more startups to build highly qualified teams by pulling from talent around the world.”

The integration is made possible by the Remote API, a first-of-its-kind offering allowing partners to embed Remote’s global employment services directly within their platforms. The API enables leading HR, Payroll, and Talent Marketplace software providers like AngelList Talent to support their customers’ workforce needs in multiple countries all from a single place.

“Until recently, international employment was an option for only the biggest, wealthiest companies. The Remote API is one way we are working to make it the norm for companies of any size seeking a competitive edge,” said Job van der Voort, CEO and Co-Founder of Remote. “AngelList Talent and Remote share a commitment to helping startups succeed, and I’m excited for this next step in our partnership that will enable more businesses to build the best teams in the world with less complexity and cost.”

About Remote:
Talent is everywhere — opportunity is not. Remote closes the gap by enabling employers to hire anyone from anywhere, providing access to opportunity so people everywhere can build better lives. Remote helps companies become global powerhouses by expanding their access to talent beyond their borders. Thousands of businesses rely on Remote’s modern platform and legal, financial, and cultural expertise to onboard, pay, and manage employees and contractors in 150+ countries. Remote was founded in 2019 by Job van der Voort and Marcelo Lebre, and is backed by leading investors including SoftBank Vision Fund 2, Accel, Sequoia, Index Ventures, Two Sigma Ventures and General Catalyst.

Contact:
Press (at) remote (dot) com

SOUTHAMPTON, N.Y., June 07, 2022 (GLOBE NEWSWIRE) — With easy access to the historic village’s Main Street and Job Lane, which features fine restaurants, designer boutiques and fine-art galleries, summers in Southampton are what memories are made of. Just 90 minutes from New York City, Southampton offers some of the best properties in the world, and Gin Lane is regarded by many as the finest of oceanfront locations in all of the Hamptons. One of the most classically “quintessential Hamptons” homes in the area, the sensational sea-side estate of 233 Gin Lane was designed by the esteemed architectural firm Fleetwood & McMullan. Primed for entertaining en masse courtesy of a sprawling floorplan that spans nearly 8,300 square feet, the estate includes seven bedrooms and eight bathrooms. The elegance found within its walls is expected and nods to traditional architecture and touches of minimalistic chic. The ground floor living room and dining room spill off a double-height grand foyer, leading onto a large kitchen/gathering room (one of such spaces on this level) and separate breakfast room. An elevator transports guests from the large formal and informal ground floor up to the second floor, where they are afforded sweeping views of the Atlantic Ocean.

Situated on 2.14 acres, a large sweeping driveway leads to the front of the shingle-style property, behind which all the outdoor lifestyle amenities are located for absolute privacy. These include a large, covered loggia, 25 x55′ heated swimming pool, tennis court, an allee’ of flowering trees and sweeping lawns. 233 Gin Lane is perfectly suited for both full-time living, weekend getaways or long summer vacations from the city – a seaside sanctuary for a water-lover who enjoys welcoming good company and an active cultural roster that includes open-air concerts, local fireworks displays and a rich list of well-planned social events throughout the year.

233 Gin Lane, Southampton, NY is offered at $26,000,000. For more information and a private showing, please contact Licensed Associate Real Estate Broker Tim Davis of the Corcoran Group at tgdavis@corcoran.com, timdavishamptons.com.

About Tim Davis

Power Broker and lifelong Hamptons resident Tim Davis boasts an accomplished 40+ year real estate career listing and selling some of the finest properties on the East End.

Contact Information

For more information, please contact:

Tim Davis, Licensed Associate Real Estate Broker

Corcoran Group Real Estate
24 Main Street Southampton, NY 11968
T: +1 631.702.9211 or +1 516.356.5736
E: tgdavis@corcoran.com

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