OpenText Celebrates 10th Consecutive Year as a Leader in the Gartner Magic Quadrant for Application Security Testing

On the 23 of July, OpenText has been selected as a Leader in the 2023 Gartner Magic Quadrant review for Application Security Testing (AST) for the 10th consecutive year. “With the rapid change in how organizations develop and deploy applications, application security has evolved into a critical part of the development process,” said Muhi Majzoub, Executive Vice President, Chief Product Officer, Development at OpenText. “In the last three years alone, the industry had to quickly learn to solve not just vulnerabilities in source code and running apps, but secure open-source code, APIs, containers, infrastructure as code, and more. We believe continued recognition as a Gartner Magic Quadrant Leader is a testament to the strength of our product and ability to anticipate and innovate to meet evolving market needs.”

Backbase partners with GIM-UEMOA to Fastforward Banking Innovation in West Africa

On the 17th of July Backbase announced new strategic partnership with GIM-UEMOA, the international organization in charge of the interbank electronic payment system for the West African Economic and Monetary Union (UEMOA) zone. The two organisations have joined forces to develop the Super App, GIMpay suited specifically for the needs and infrastructure of the West African region. “GIM-UEMOA has the ambition to match the opportunity for growth and need for financial inclusion in West Africa,” Jouk Pleiter, Founder and CEO of Backbase said. “We are excited and proud to partner with them to bring this game-changing service to their members and their customers.”

"GIMpay is a catalyst for the initiatives of banks, e-money institutions, decentralized financial services, fintech and national treasuries in mastering the customer experience," said Minayegnan Coulibaly, Managing Director of GIM-UEMOA. "I look forward to seeing the value this can create for the ecosystem and the economic impact it can have for the citizens of our countries.”

Allot Releases Q2 2023 Financial Results

On the 17th of July, Allot Ltd. announced preliminary financial results for the second quarter ended June 30, 2023. Allot is expecting the following results for the second quarter:

• Revenues are expected to be approximately $25 million of which approximately $2.5 million are expected to be SECaaS revenues. Total ARR and SECaaS ARR are expected to be approximately $49.5 million and $10 million, respectively.
• GAAP operating loss is expected to be approximately $21.2 and non-GAAP operating loss is expected to be approximately $18.6 million, including an increase of approximately $14 million in allowance for credit losses.
• Cash, bank deposits, and marketable securities as of June 30, 2023, totaled approximately $65.7 million.

Trelix Released Cyber Security Threat Report 2023 - China-Affiliated APT Groups Detected Behind Most Nation-State Threat Activity

On the 21st of June, Trelix released its quarterly Cyber Security Threat Report from Trelix Advanced Research Center. This report  analyzed cybersecurity trends from the last quarter. Insights were gleaned from a global network of expert researchers who analyze over 30 million detections of malicious samples daily. Combined telemetry is collected from one billion sensors, and data from open and closed-source intelligence.

“A year into the Russia-Ukraine conflict, offensive cyber capabilities are being leveraged strategically by nation-states for espionage and disruption,” said John Fokker, Head of Threat Intelligence, Trellix Advanced Research Center. “For both leading and developing countries, we see risks to critical infrastructures like telecommunications, energy, and manufacturing by notable APT groups – a warning to public and private organizations to deploy modern protections to stay ahead of rapidly evolving threats.”

Research showed that APT groups linked to China, including Mustang Panda and UNC4191, are the most active in targeting nation-states, generating 79% of all activity detected. Trellix predicts APT groups will continue cyber espionage and disruptive cyberattacks in tandem with physical military activity.

Avaya Strats the new Chapter of Professional Services by Prioritizing AI, Cloud, and Digital Transformation for new Customer Experience Services (ACES)

On the 20th of June, Avaya announced its reimagined professional services: Avaya Customer Experience Services (ACES), formerly Avaya Professional Services. The enhanced approach leverages integrating artificial intelligence (AI), cloud, and digital technologies to drive improved business outcomes to customers. "In an increasingly CX-focused business environment, it's clear that customers are not solely interested in purchasing technology; they are investing in outcomes," said Blair Pleasant, President & Principal Analyst of COMMfusion and a Co-Founder of UCStrategies. "With its reimagined ACES division, Avaya professional services offers more than just advanced AI, cloud, and digital solutions, but also the promise of tangible results— enhanced customer experiences, improved operational efficiency, and ultimately, greater business success."  

“ACES represents Avaya's unwavering dedication to its customers by delivering transformative technology through AI, cloud, and digital solutions that create personalized experiences,” said Emir Susic, Global Vice President, Avaya Customer Experience Services. “By meeting customers exactly where they are in their cloud migration, Avaya reinforces its commitment to guide organizations through their digital transformation journey.”